APL Apollo Tubes share price
NSE: APLAPOLLOBSE: 533758Industrial ProductsMid Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹2,195.00.
30 Oct: open ₹2,205.00, high ₹2,215.80, low ₹2,165.10
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹60,116 Cr190th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 45.89
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.39%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 25.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 26.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.16
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 11,01,756
About APL Apollo Tubes
APL Apollo Tubes Limited makes structural steel tubes and pipes, hollow steel sections used in housing, commercial construction, infrastructure, greenhouses and engineering.1 It sells premium products under the APL Apollo brand and lower-priced ones under SG Premium, which competes with regional makers and sponge iron pipes.23 Most sales go through dealers and distributors across India, and large pre-engineered building companies (builders of steel structures from factory-made parts) also buy directly.45
Headquartered in the Delhi-NCR region, it has 11 plants, at Sikandarabad, Hyderabad, Bangalore, Hosur, Raipur, Malur and Murbad in India and at Umm Al Quwain in the United Arab Emirates.2 It makes more than 5,000 products, from square, rectangular and circular hollow sections to rust-proof tubes, roofing, steel door frames and planks, and heavy structural tubes.167 It reaches more than 800 dealers, 50,000 retailers and 200,000 fabricators.8 Its subsidiaries, all wholly owned, include APL Apollo Building Products, Apollo Metalex and APL Apollo Tubes Company LLC.9
APL Apollo was incorporated in 1986.10 It has no holding company, and Sanjay Gupta is its Chairman and Managing Director.1112 On its earnings call of 3 Aug 2026, the company said it had started a small company to bring HR, IT and branding work for SG Finserv, SG Mart, APL Apollo and Apollo Pipes together, to reduce costs.13
APL Apollo Tubes key points
Results
- In the year to Mar 2026, sales volume reached a record 3.5 million tonnes, up 11%, and revenue a record ₹230.8 billion, up 12%. EBITDA (profit before interest, tax, depreciation and amortisation) rose 50% to a record ₹18.0 billion, net profit 59% to ₹12.0 billion.1415
- In the quarter to Jun 2026, consolidated revenue rose 8% year on year to ₹56.1 billion, EBITDA (excluding other income) 11% to ₹4.1 billion and net profit 11% to ₹2.6 billion. Sales volume fell 6% to 744,823 tonnes; EBITDA per tonne rose 18% to ₹5,522.161718
- The company's net cash (cash in excess of debt) was ₹14.1 billion at the end of June 2026, against ₹15.3 billion at the end of March 2026.16
Market position
- The company says it is the first in India, and only the second in the world, to make 1,000 mm by 1,000 mm structural tubes, used in data centres, railway modernisation and pre-engineered buildings.19
- APL Apollo puts its share of tube supplies to pre-engineered building companies, for factories, warehouses and food parks, at 60% to 70% in the year to Mar 2026.20
Where revenue comes from
- Sales outside India, including those of its UAE subsidiary, were 9% of turnover in the year to Mar 2026, and it exports to 36 countries.21
- The company said on its earnings call of 3 Aug 2026 that its UAE operations lost almost 25,000 tonnes of sales against the previous quarter because of the geopolitical situation there, and that exports from India were closed then because of high container prices.2223
Plants and capacity
- The company's installed capacity was about 5 million tonnes a year as of March 2026, and average capacity utilisation in the year was about 70%. Its capital spending in the year to Mar 2026 was ₹6.5 billion.2425
- In its presentation of 1 Aug 2026, the company said it plans to reach 8 million tonnes of capacity by March 2028, adding 2 million tonnes at Gorakhpur, Siliguri, Malur and a western coastal site and 1 million through debottlenecking (faster mills at existing plants).26
- On its earnings call of 3 Aug 2026, the company said the 2 million tonnes of new plants are Gorakhpur (200,000 tonnes), Siliguri (300,000 tonnes), New Malur (almost 1 million tonnes) and a 0.5 million tonne plant it is considering in Maharashtra or North Karnataka.27
- The company stated in its annual report for the year to Mar 2026 that it aims for 10 million tonnes by 2030, with the extra 2 million tonnes for super-speciality tubes (high-precision tubes for specialised uses), where it expects higher EBITDA per tonne.28
What the company expects
- The company stated in its annual report for the year to Mar 2026 that its guidance for the year to Mar 2027 is volume growth of 15% to 20%, EBITDA growth of 20% to 25% and net profit growth of 25% to 30%.29
- On its earnings call of 3 Aug 2026, the company said it was confident of 15% volume growth for the year and that crossing 20% would need tailwinds.30
- On its earnings call of 3 Aug 2026, the company said it expects EBITDA of ₹5,000 to ₹5,500 per tonne through the year to Mar 2027, and targets ₹6,000 per tonne once capacity reaches 8 million tonnes, over the next 2 to 3 years.3132
- On its earnings call of 3 Aug 2026, the company said the share of value-added products (higher-margin products beyond standard pipes) is about 65% now, and that it expects it to reach 75% to 80% by December 2027, led by its Malur plant.3334
Recent events
Litigation and regulatory matters
- In its filing of 22 Aug 2026, the company said appeal orders dated 21 Aug 2026 cut a GST (goods and services tax) demand for several years from ₹1,01,11,740, the amount left after a High Court order of 25 Jul 2024, to ₹15,41,590.373839
- In a filing of the same date, the company said a separate appeal order cut another GST demand, raised in 2024, from ₹3,14,81,140 to ₹1,01,866.4041
- The company said in both filings that the orders have no material impact on its financials and that it is examining them; its documents give no later outcome.4243
Last updated
All 43 sources, each with its page
- 1. Investor presentation, 1 Aug 2026, page 38
- 2. Annual report, 21 Aug 2026, page 148
- 3. Annual report, 21 Aug 2026, page 19
- 4. Annual report, 21 Aug 2026, page 195
- 5. Annual report, 21 Aug 2026, page 103
- 6. Annual report, 21 Aug 2026, page 36
- 7. Annual report, 21 Aug 2026, page 70
- 8. Investor presentation, 1 Aug 2026, page 13
- 9. Annual report, 21 Aug 2026, page 196
- 10. Annual report, 21 Aug 2026, page 3
- 11. Annual report, 21 Aug 2026, page 196
- 12. Annual report, 21 Aug 2026, page 136
- 13. Earnings call, 3 Aug 2026, page 15
- 14. Annual report, 21 Aug 2026, page 18
- 15. Annual report, 21 Aug 2026, page 152
- 16. Investor presentation, 1 Aug 2026, page 7
- 17. Investor presentation, 1 Aug 2026, page 37
- 18. Investor presentation, 1 Aug 2026, page 15
- 19. Annual report, 21 Aug 2026, page 20
- 20. Annual report, 21 Aug 2026, page 152
- 21. Annual report, 21 Aug 2026, page 195
- 22. Earnings call, 3 Aug 2026, page 3
- 23. Earnings call, 3 Aug 2026, page 14
- 24. Annual report, 21 Aug 2026, page 148
- 25. Annual report, 21 Aug 2026, page 65
- 26. Investor presentation, 1 Aug 2026, page 10
- 27. Earnings call, 3 Aug 2026, page 4
- 28. Annual report, 21 Aug 2026, page 20
- 29. Annual report, 21 Aug 2026, page 22
- 30. Earnings call, 3 Aug 2026, page 6
- 31. Earnings call, 3 Aug 2026, page 4
- 32. Earnings call, 3 Aug 2026, page 11
- 33. Earnings call, 3 Aug 2026, page 4
- 34. Earnings call, 3 Aug 2026, page 10
- 35. Exchange filing, 27 Jun 2026, page 1
- 36. Exchange filing, 27 Jun 2026, page 2
- 37. Exchange filing, 22 Aug 2026, page 1
- 38. Exchange filing, 22 Aug 2026, page 3
- 39. Exchange filing, 22 Aug 2026, page 4
- 40. Exchange filing, 22 Aug 2026, page 1
- 41. Exchange filing, 22 Aug 2026, page 3
- 42. Exchange filing, 22 Aug 2026, page 2
- 43. Exchange filing, 22 Aug 2026, page 2
Results
Consolidated; ₹ crore.APL Apollo Tubes quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +15.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +24.9%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹7,002 Crup 24.88%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹382 Crup 45.35%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 5.5%
Revenue by quarter
Net profit by quarter, a loss in red
The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company's revenue for the year to Mar 2026, ₹23,079 Cr, differs from its quarters added, ₹22,460 Cr.
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,433 | 5,509 | 5,170 | 5,206 | 5,815 | 6,269 | 5,607 | 7,002 |
| Net profit | 217 | 293 | 237 | 302 | 310 | 354 | 263 | 382 |
| Net margin | 4.0% | 5.3% | 4.6% | 5.8% | 5.3% | 5.7% | 4.7% | 5.5% |
Year to Mar 2026, against the year before
- Revenue
- ₹23,079 Cr
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,203 Crup 58.91%
- Net margin
- 5.2%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2026, the company's revenue for that year, ₹23,079 Cr, differs from its quarters added, ₹22,460 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,545 | 5,472what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹138 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,152 | 7,723 | 8,500 | 13,063 | 16,166 | 18,119 | 20,690 | 23,079 |
| Net profit | 146 | 160 | 148 | 256 | 408 | 619 | 642 | 732 | 757 | 1,203 |
| Net margin | 3.2% | 2.9% | 2.1% | 3.3% | 4.8% | 4.7% | 4.0% | 4.0% | 3.7% | 5.2% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacturing of ERW steel tube and pipes, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.APL Apollo Tubes PE ratio and valuation
At or below today's level on 57% of 2,355 trading days over the last 10 years.
At or below today's level on 42% of 1,860 trading days since Nov 2018.
At or below today's level on 60% of 2,446 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +27.4% | +58.9% | −20.1% | 0.4% |
| 3 years | +17.5% | +23.2% | −5.0% | 0.4% |
| 5 years | +23.0% | +24.6% | −1.6% | 0.4% |
Mutual fund holdings
205 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 116 of the 136 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.All 205 funds holding APL Apollo Tubes
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 67
- CutCut. Funds that held fewer shares than at the end of the month before.
- 69
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 62
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 8
| Fund | |||
|---|---|---|---|
| 33,77,992 | 2.34% | ₹739.8 Cr | |
| 29,00,000 | 1.27% | ₹635.1 Cr | |
| 24,61,200 | 1.77% | ₹539.0 Cr | |
| 22,21,100 | 1.37% | ₹486.4 Cr | |
| 20,87,400 | 0.61% | ₹457.2 Cr | |
| 20,80,513 | 2.34% | ₹455.7 Cr | |
| 19,51,028 | 1.53% | ₹427.3 Cr | |
| 16,62,735 | 3.80% | ₹364.2 Cr | |
| 14,37,425 | 3.95% | ₹314.8 Cr | |
| 13,46,451 | 1.58% | ₹294.9 Cr |
Promoter and insider buying and selling
Trades made since 30 Oct 2025.APL Apollo Tubes insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 14 pledge filings of unclear kind
APL Apollo Tubes competitors and peers
Iron & Steel Products, 145 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to APL Apollo Tubes in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 61,769 | 26.09 | 5.81 | +13.6% | +9.5% | 25.2% | 17.8% | 0.21% | |
| 32,460 | – | 2.82 | +22.8% | – | – | 11.8% | 0.39% | |
| 16,256 | 37.55 | 3.95 | −16.3% | −24.1% | 11.2% | 13.2% | 0.43% | |
| 14,584 | 26.58 | 1.16 | −0.7% | −60.1% | 4.4% | 6.7% | 0.88% | |
| 13,588 | 26.80 | 4.12 | +8.5% | +25.4% | 16.8% | 18.8% | 0.84% | |
| 13,465 | 33.05 | 3.86 | +5.5% | −17.3% | 12.4% | 12.3% | 0.36% | |
| 12,982 | 16.09 | 2.24 | +8.4% | +8.9% | 15.1% | 17.2% | 0.52% | |
| 8,454 | 12.28 | 2.55 | +18.3% | +82.8% | 23.4% | 25.3% | 0.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.APL Apollo Tubes dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 8 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹8.50 |
| 22 Aug 2025 | Final | ₹5.75 |
| 19 Sep 2024 | Final | ₹5.50 |
| 1 Sep 2023 | Final | ₹5.00 |
| 2 Sep 2022 | Final | ₹3.50 |
| 19 Sep 2019 | Final | ₹14.00 |
Latest announcements
Routine notices left out.APL Apollo Tubes announcements
Oct 2026
26 Oct · Results
21 Oct · Analysts
17 Oct · Board meeting
Sep 2026
APL Apollo Tubes share price by year
Each calendar year to 2025.APL Apollo Tubes share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,914.00 | +22.0% | 1,920.90 | 1,303.05 |
| 2024 | 1,568.25 | +2.0% | 1,717.95 | 1,333.60 |
| 2023 | 1,536.80 | +40.7% | 1,795.30 | 1,088.40 |
| 2022 | 1,092.00 | +9.2% | 1,185.50 | 777.40 |
| 2021 | 999.80 | +126.5% | 1,082.85 | 429.90 |
| 2020 | 441.50 | +135.1% | 441.50 | 107.15 |
| 2019 | 187.77 | +61.2% | 187.77 | 106.73 |
| 2018 | 116.52 | −41.3% | 252.88 | 110.23 |
| 2017 | 198.38 | +116.7% | 200.69 | 91.97 |
| 2016 | 91.53 | +22.1% | 100.12 | 56.25 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 2,169.10 | 2,239.00 | 2,158.90 | 2,195.00 | 2,216.20 | 12,14,686 | 45.1% |
| 28 Oct 2026 | 2,219.00 | 2,219.00 | 2,156.30 | 2,165.30 | 2,185.14 | 8,89,278 | 46.8% |
| 27 Oct 2026 | 2,104.00 | 2,213.90 | 2,100.00 | 2,213.90 | 2,178.60 | 20,74,071 | 48.2% |
| 26 Oct 2026 | 2,030.10 | 2,084.90 | 2,025.10 | 2,077.90 | 2,063.11 | 9,87,700 | 35.2% |
| 23 Oct 2026 | 2,048.60 | 2,060.20 | 1,994.10 | 2,033.70 | 2,024.51 | 7,77,580 | 51.3% |
| 22 Oct 2026 | 2,050.00 | 2,072.20 | 2,029.60 | 2,052.40 | 2,042.29 | 6,48,903 | 60.8% |
| 21 Oct 2026 | 2,140.30 | 2,147.80 | 2,052.60 | 2,066.80 | 2,080.02 | 5,62,176 | 43.6% |
| 19 Oct 2026 | 2,139.70 | 2,155.80 | 2,121.00 | 2,144.60 | 2,134.34 | 3,81,848 | 60.2% |
| 16 Oct 2026 | 2,147.90 | 2,164.00 | 2,121.00 | 2,152.70 | 2,147.99 | 2,36,375 | 49.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 16 Sep 2021 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 15 Dec 2020 | Split | 0.2000 | Each share became 5. |
Company details
- NSE symbol
- APLAPOLLO
- BSE code
- 533758
- ISIN
- INE702C01027
- Industry
- Industrial Products
- Website
- www.aplapollo.com
- CIN
- L74899DL1986PLC023443
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1986
- Registered office
- 37, Hargobind Enclave, Vikas Marg, New Delhi 110092, Delhi
- Share registrar
- Abhipra Capital Ltd
- Keeps the register of shareholders and handles transfers and dividend payments