Skip to content
thestock.space

Jindal Steel vs APL Apollo Tubes: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

Jindal Steel

NSE: JINDALSTEL · Metals & Mining

₹1,165.00plus 1.31%

APL Apollo Tubes

NSE: APLAPOLLO · Capital Goods

₹2,185.30minus 0.41%

Jindal Steel and APL Apollo Tubes at a glance

Jindal Steel is the larger by market cap, at ₹1.2L Cr against ₹60,677 Cr for APL Apollo Tubes (2.0 times as large). On valuation, Jindal Steel has the lower P/E (41.5× against 46.3×) and the lower price-to-book (2.26× against 10.69×). On returns and margins, Jindal Steel has the higher operating margin (15.9% against 8.2%), while APL Apollo Tubes has the higher ROCE (28.0% against 7.5%) and the higher ROE (25.3% against 5.5%). Over three years, APL Apollo Tubes has faster 3-year sales growth (+12.6% against −13.1% a year) and faster 3-year profit growth (+23.3% against −5.4% a year). APL Apollo Tubes carries less debt for its equity, with a debt-to-equity of 0.17× against 0.42×.

See the full interactive comparison

Key metrics, side by side

Key metrics of Jindal Steel and APL Apollo Tubes
MetricJindal SteelJINDALSTELAPL Apollo TubesAPLAPOLLO
Price (₹)1,165.002,185.30
Market cap (₹ Cr)1,18,59460,677
P/E41.5× (the lower figure, shaded)46.3×
P/B2.26× (the lower figure, shaded)10.69×
Dividend yield, trailing0.17%0.39% (the higher figure, shaded)
ROE5.5%25.3% (the higher figure, shaded)
ROCE7.5%28.0% (the higher figure, shaded)
Operating margin (OPM)15.9% (the higher figure, shaded)8.2%
Net margin (NPM)4.6%5.2% (the higher figure, shaded)
Sales CAGR 3Y−13.1%+12.6% (the higher figure, shaded)
Profit CAGR 3Y−5.4%+23.3% (the higher figure, shaded)
Debt to equity0.42×0.17× (the lower figure, shaded)
Interest cover3.8×15.2× (the higher figure, shaded)
Net profit TTM (₹ Cr)2,8541,310
1Y return+6.4%+23.3% (the higher figure, shaded)
Promoter holding62.69%28.18%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

Jindal Steel vs APL Apollo Tubes: common questions

Which is bigger, Jindal Steel or APL Apollo Tubes?

By market cap, Jindal Steel is bigger at ₹1.2L Cr, against ₹60,677 Cr for APL Apollo Tubes (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹2,854 Cr for Jindal Steel and ₹1,310 Cr for APL Apollo Tubes.

Which has a lower P/E ratio, Jindal Steel or APL Apollo Tubes?

Jindal Steel trades at a P/E of 41.5× and APL Apollo Tubes at 46.3×. Jindal Steel has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.

Which has a higher ROE, Jindal Steel or APL Apollo Tubes?

Jindal Steel reports a return on equity of 5.5% and APL Apollo Tubes 25.3%. APL Apollo Tubes has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Jindal Steel or APL Apollo Tubes?

Over the last three years: Sales grew −13.1% a year at Jindal Steel and +12.6% at APL Apollo Tubes, so APL Apollo Tubes grew sales faster; profit grew −5.4% a year at Jindal Steel and +23.3% at APL Apollo Tubes, so APL Apollo Tubes grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Jindal Steel and APL Apollo Tubes, or add up to four more companies in the interactive comparison.