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As of 6 Nov 2026, APL Apollo Tubes trades at 46.3× trailing earnings, above the industry P/E of 19.9×. Its ROCE of 28% is the second-highest among the 7 largest Steel peers, and sales and net profit grew 13% and 23% a year over 3 years. Its dividend yield is 0.4%, and debt is 0.17× equity. It is a mid-cap company with a market cap of ₹60,677 Cr, ranked 7th of 150 Steel companies by market cap; the shares rose 23% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹2,189.10
Day high
₹2,192.80
Day low
₹2,150.80
Prev. close
₹2,194.20
Volume
3 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsIn line

    +23.3% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 46.3 vs industry 19.9.

  • GrowthSteady

    Sales +12.6%, profit +23.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 28.0% vs peer median 18.7%.

  • Balance sheetSolid

    Debt 0.17× equity, interest covered 15.2×, Piotroski 8 of 9.

  • Red flags1 to check

    P/E of 46.3 against an industry P/E of 19.9.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Mid cap

₹60,677 Cr, #7 of 150 in its industry by size.

Defensive

Beta 0.37 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹24,997 Cr · profit ₹1,310 Cr
Market cap
₹60,677 Cr
Mid cap
P/E
46.3
Industry 19.9
Price to book
10.69
Peers 2.28
Dividend yield
0.39%
ROE
25.3%
Peers 23.4%
ROCE
28.0%
Peers 18.7%
Debt to equity
0.17
Debt ₹963 Cr
EPS (TTM)
₹47.16
Face value ₹2
OPM (TTM)
8.2%
Net margin 5.2%
Sales growth
+26.7%
Latest quarter vs a year ago
Profit growth
+25.3%
Latest quarter vs a year ago
Price to sales
2.43
EV/EBITDA 30.0

Strengths and risks

Strengths

  • Return on equity of 25.3%.
  • Return on capital employed of 28.0%.
  • Quarterly profit up 25.3% on a year ago.
  • Quarterly sales up 26.7% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 46.3 against an industry P/E of 19.9.

Derived automatically from reported figures. Not a recommendation.

About APL Apollo Tubes

APL Apollo Tubes Limited manufactures and sells structural steel tubes and related value added products in India and internationally. The company offers circular hollow sections, square hollow sections, rectangular hollow sections, and GP Pipes for residential housing, commercial buildings, and infrastructure; apollo structural tubes, apollo Z+, apollo galv, apollo build products for industrial structures and modern construction; apollo chaukhat, apollo…

Headquarters
Noida
Employees
3,131
Sector
Basic Materials
ISIN
INE702C01027
Website
aplapollo.com

Price range

52 weeks

₹1,690.00₹2,301.40

Today

₹2,150.80₹2,192.80
Avg volume (3M)
6.4 L
1-year return
plus 23.3%
From 52-week high
minus 5.0%

Analyst consensus

19 analysts
BuyMean target ₹2,381.42 plus 9.0%

Target range, with today’s price

Low ₹1,605.00High ₹2,810.00

Next results expected around 21 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
WELCORPWelspun Corp2,204.90minus 7.57%58,14424.624.119.5%14.4%0.1019.5%plus 157.9%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
–5,3635,6496,0765,4386,797
–4,9745,1775,5655,0276,219
372389472511411578
–7.3%8.4%8.4%7.6%8.5%
25.6–24.736.539.540.2
33.3–32.931.738.952.4
54.4–59.259.359.465.9
310–404457352500
23.5%–23.3%22.4%25.3%23.5%
237–310354263382
8.54–11.1712.769.4813.61

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+12.6%
Profit CAGR 3Y
+23.3%
EPS CAGR 3Y
+23.3%
ROE
25.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15,67417,50719,99622,385
–+11.7%+14.2%+11.9%
14,65116,31318,79520,568
1,0241,1941,2011,818
6.5%6.8%6.0%8.1%
40.969.359.996.3
60.8113119110
138176201231
−23.519.6−15.8
8639789601,557
25.7%25.1%21.2%22.7%
6427327571,203
–+14.1%+3.4%+58.9%
23.1426.4027.2843.34

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
55.555.555.555.5
2,9503,5494,1535,241
8731,144634498
1,9732,4382,7533,039
5,8527,1877,5968,833
3,0113,5404,0064,488
569400478567
9610312666.6
5001,1387371,730
1,6752,0062,2481,982
5,8527,1877,5968,833

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6911,1121,2192,103
−876−916−381−1,392
14326.6−815−440
−4122223.6271
−862−695−728−694
−1714174911,409
−87.5−139−153−160

Shareholding pattern

Source: NSE filings
28.2%
promoters
  • Promoters28.18%
  • Public71.82%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202628.18%71.82%minus 0.07
30 Jun 202628.25%71.75%0.00
31 Mar 202628.25%71.75%minus 0.02
31 Dec 202528.27%71.73%minus 0.03
30 Sep 202528.30%71.70%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you