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Not investment advice. Data and computed figures, for information only.

APL Apollo Tubes Ltd

NSE: APLAPOLLOF&O
₹2,152.70
+₹13.70 (+0.64%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹58,700 Cr
CMP
₹2,152.70
52-wk High / Low
₹2,301 / 1,690
P/E
47.8
P/B
11.1
Book Value
₹191.0
Div Yield
0.40%
ROCE
32.0%
ROE
25.4%
Face Value
₹2
D/E
0.09

Price+23.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹432
√(22.5 × EPS × book value per share)
ROIC
21.0%
vs 12.3% sector median
Cash flow to profit
1.75
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+13
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
20.5%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.40DII +2.53
Latest quarter vs the previous one
Cash-accrual divergence
−11.0%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 22% vs the 2025 sector median of 20%)
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-6.5%)
+FII holding rose by 9.4pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
Watch-outs
−Promoter holding fell by 2.9pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,5454,6304,1784,7664,9744,7745,4335,5095,1705,2065,9826,2695,607
Expenses4,2384,3053,8984,4854,6734,6365,0875,0954,7984,7595,5115,7585,195
Operating Profit307325280280302138346414372447472511411
OPM %6.8%7.0%6.7%5.9%6.1%2.9%6.4%7.5%7.2%8.6%7.9%8.2%7.3%
Other Income22201519251522352625253640
Interest27272831283637323328333239
Depreciation41414747464750585458595959
Profit before tax26127721922125270280359310386404457352
Net Profit19420316617019354217293237302310354263
EPS (₹)6.987.325.966.146.961.947.8210.568.5510.8611.1712.769.48

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,0904,1543,9245,3357,1527,7238,50013,06316,16618,11920,69023,07923,065
Expenses2,9083,8723,5904,9646,7597,2467,82112,11815,14316,92619,49021,27121,223
Operating Profit1822823343713934786799461,0221,1931,1991,8081,841
OPM %5.9%6.8%8.5%7.0%5.5%6.2%8.0%7.2%6.3%6.6%5.8%7.8%8.0%
Other Income4−155812223640467496106126
Interest66707281113107664467113133125131
Depreciation223451536496103109138176201231236
Profit before tax981632162442272965468328639789601,5571,600
Net Profit641011521581482564086196427327571,2031,229
EPS (₹)2.724.296.456.666.229.5814.4224.7323.1426.3927.2843.3344.27

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital232324242425255055565656—
Reserves4725446808149401,3311,6702,4142,9503,5494,1535,241—
Borrowings4826515947758588345205818731,144634498—
Other Liabilities3454425475689521,0751,1841,4071,9732,4382,7533,039—
Total Liabilities1,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,5968,833—
Fixed Assets6146666708861,0341,7081,7361,8372,5803,2813,6684,060—
CWIP2432122462710108504374203336328—
Investments1913014921919610312649—
Other Assets6669491,0521,2481,6631,5461,5542,0202,8013,6003,4674,396—
Total Assets1,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,5968,833—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity31511315913585109776526911,1121,2192,103
Cash from Investing Activity−191−93−170−165−264−435−647−530−876−916−380−1,387
Cash from Financing Activity−12481−14579−53−78−3592614327−815−440
Net Cash Flow000541−3−28148−4122224275

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.024.023.022.020.020.026.032.027.025.022.032.0
ROE %———————————25.4
EPS (₹)2.724.296.456.666.229.5814.4224.7323.1426.3927.2843.33
Book Value (₹)———————————191.0
Face Value (₹)———————————2
P/E———————————47.8
Div Yield %———————————0.40
NPM %2.12.43.93.02.13.34.84.74.04.03.65.2
OPM %6.07.09.07.05.06.08.07.06.07.06.08.0
D/E0.971.150.840.920.890.620.310.240.290.320.150.09
P/B———————————11.1

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+19.0%
5 years+22.0%
3 years+13.0%
TTM+10.0%
Compounded profit growth
10 years+26.0%
5 years+27.0%
3 years+23.0%
TTM+53.0%
Stock price CAGR
10 years+38.0%
5 years+19.0%
3 years+8.0%
Last year+22.0%
Return on equity
10 years23.0%
5 years23.0%
3 years22.0%
Last year25.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters37.47%37.47%37.25%37.07%38.40%37.00%34.52%31.16%29.44%28.31%28.25%28.25%
FIIs0.42%0.42%0.02%0.00%0.00%24.20%23.29%25.71%30.69%31.78%37.52%35.12%
DIIs15.33%15.33%14.81%13.93%13.70%10.04%11.12%11.08%14.06%16.74%16.05%18.58%
Government————————————
Public46.77%46.77%47.92%49.00%47.90%28.76%31.07%32.05%25.81%23.17%18.18%18.04%
No. of shareholders7,6277,62714,90523,51327,24555,6071,56,0551,81,4662,03,7201,85,5241,58,1281,58,947
Change since Jun 2023 (pp)
Promoters −9.22FIIs +34.70DIIs +3.25Public −28.73

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingJul 2025TranscriptJul 2025PPT

Corporate actions

As of 8 Sep 2026
8 Sep 2026DIVIDENDDividend - Rs 8.50 Per Share—
22 Aug 2025DIVIDENDDividend - Rs 5.75 Per Share—
19 Sep 2024DIVIDENDDividend - Rs 5.50 Per Share—
1 Sep 2023DIVIDENDDividend - Rs 5 Per Share—
2 Sep 2022DIVIDENDDividend - Rs 3.50 Per Share—
16 Sep 2021BONUS Bonus 1:1—
15 Dec 2020SPLIT Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
19 Sep 2019DIVIDEND Dividend - Rs 14 Per Share—
19 Sep 2018DIVIDEND Annual General Meeting/Dividend Rs 14 Per Share—
21 Sep 2017DIVIDEND Annual General Meeting/ Dividend- Rs 12 Per Share—
8 Sep 2016DIVIDEND Annual General Meeting/Dividend - Rs 10/- Per Share—
13 Aug 2015DIVIDEND Annual General Meeting/Dividend - Rs 6/- Per Share—
17 Sep 2014DIVIDENDAnnual General Meeting And Dividend Rs.5/- Per Share—
7 Aug 2013DIVIDENDAnnual General Meeting / Dividend - Rs 5/- Per Share—
20 Sep 2012DIVIDENDAnnual General Meeting/Dividend Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman