APL Apollo Tubes logo

APL Apollo Tubes share price

NSE: APLAPOLLOBSE: 533758Industrial ProductsMid Cap

APL Apollo Tubes Limited · Face value ₹2 · Listed Dec 2011
Last close ₹2,165.10down ₹29.90 (1.36%)BSE ₹2,161.00

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

52-week range of traded prices to 30 Oct 2026
₹1,690.00Low, 25 Nov 2025₹2,301.40High, 12 Feb 2026
Market cap
₹60,116 Cr190th largest listed
P/E
45.89
P/B
10.47
Dividend yield
0.39%
ROE
25.3%
ROCE
26.0%
Debt to equity
0.16
Volume, NSE
11,01,756

APL Apollo Tubes share price chart

Daily closes since Dec 2011, BSE closes in Dec 2011, adjusted for splits and bonuses

+21.3%over a year

Results20-session average 7,09,882 shares a day, 49.8% delivered

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

  • On 27 Jun 2026, the board approved selling subsidiary Blue Ocean Projects Private Limited, which holds real estate, to SG Realtor Private Limited for ₹160 crore. The promoters and relatives own over 20% of the buyer; the agreement is due by 31 Dec 2026.3536

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. 1. Investor presentation, 1 Aug 2026, page 38
  2. 2. Annual report, 21 Aug 2026, page 148
  3. 3. Annual report, 21 Aug 2026, page 19
  4. 4. Annual report, 21 Aug 2026, page 195
  5. 5. Annual report, 21 Aug 2026, page 103
  6. 6. Annual report, 21 Aug 2026, page 36
  7. 7. Annual report, 21 Aug 2026, page 70
  8. 8. Investor presentation, 1 Aug 2026, page 13
  9. 9. Annual report, 21 Aug 2026, page 196
  10. 10. Annual report, 21 Aug 2026, page 3
  11. 11. Annual report, 21 Aug 2026, page 196
  12. 12. Annual report, 21 Aug 2026, page 136
  13. 13. Earnings call, 3 Aug 2026, page 15
  14. 14. Annual report, 21 Aug 2026, page 18
  15. 15. Annual report, 21 Aug 2026, page 152
  16. 16. Investor presentation, 1 Aug 2026, page 7
  17. 17. Investor presentation, 1 Aug 2026, page 37
  18. 18. Investor presentation, 1 Aug 2026, page 15
  19. 19. Annual report, 21 Aug 2026, page 20
  20. 20. Annual report, 21 Aug 2026, page 152
  21. 21. Annual report, 21 Aug 2026, page 195
  22. 22. Earnings call, 3 Aug 2026, page 3
  23. 23. Earnings call, 3 Aug 2026, page 14
  24. 24. Annual report, 21 Aug 2026, page 148
  25. 25. Annual report, 21 Aug 2026, page 65
  26. 26. Investor presentation, 1 Aug 2026, page 10
  27. 27. Earnings call, 3 Aug 2026, page 4
  28. 28. Annual report, 21 Aug 2026, page 20
  29. 29. Annual report, 21 Aug 2026, page 22
  30. 30. Earnings call, 3 Aug 2026, page 6
  31. 31. Earnings call, 3 Aug 2026, page 4
  32. 32. Earnings call, 3 Aug 2026, page 11
  33. 33. Earnings call, 3 Aug 2026, page 4
  34. 34. Earnings call, 3 Aug 2026, page 10
  35. 35. Exchange filing, 27 Jun 2026, page 1
  36. 36. Exchange filing, 27 Jun 2026, page 2
  37. 37. Exchange filing, 22 Aug 2026, page 1
  38. 38. Exchange filing, 22 Aug 2026, page 3
  39. 39. Exchange filing, 22 Aug 2026, page 4
  40. 40. Exchange filing, 22 Aug 2026, page 1
  41. 41. Exchange filing, 22 Aug 2026, page 3
  42. 42. Exchange filing, 22 Aug 2026, page 2
  43. 43. Exchange filing, 22 Aug 2026, page 2

Results

Consolidated; ₹ crore.APL Apollo Tubes quarterly results

Revenue growth, 12 months
+15.8%
Net profit growth, 12 months
+24.9%

Quarter to Sep 2026, against the quarter before

Revenue
₹7,002 Crup 24.88%
Net profit
₹382 Crup 45.35%
Net margin
5.5%

Revenue by quarter

₹5,433 CrDec 24₹5,509 CrMar 25₹5,170 CrJun 25₹5,206 CrSep 25₹5,815 CrDec 25₹6,269 CrMar 26₹5,607 CrJun 26₹7,002 CrSep 26

Net profit by quarter, a loss in red

₹217 CrDec 24₹293 CrMar 25₹237 CrJun 25₹302 CrSep 25₹310 CrDec 25₹354 CrMar 26₹263 CrJun 26₹382 CrSep 26

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.

₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue5,4335,5095,1705,2065,8156,2695,6077,002
Net profit217293237302310354263382
Net margin4.0%5.3%4.6%5.8%5.3%5.7%4.7%5.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 57% of 2,355 trading days over the last 10 years.

LowestHighest
Its median42.22Industry median17.36
Price to book

At or below today's level on 42% of 1,860 trading days since Nov 2018.

LowestHighest
Its median10.93Industry median1.50
Dividend yield

At or below today's level on 60% of 2,446 trading days over the last 10 years.

LowestHighest
Its median0.34%Industry median0.52%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.APL Apollo Tubes shareholding pattern

Shareholding by group

  • Promoters28.18%
  • Foreign institutions34.14%
  • Indian institutions20.82%
  • Individuals and others16.86%
Holder
S GUPTA HOLDING PRIVATE LIMITEDPromoter26.60%
KITARA PIIN 1001Foreign companies6.34%
NEW WORLD FUND INCForeign portfolio investors, category I4.85%
SMALLCAP WORLD FUND INCForeign portfolio investors, category I4.24%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I2.40%
VEERA GUPTAPromoter1.57%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.07 pts, foreign institutions −0.97 pts, Indian institutions +2.23 pts, mutual funds +2.69 pts.

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 time
3
Bought again
1
Added
67
Cut
69
Held unchanged
62
Sold out
8
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Welspun Corp logoWelspun CorpWELCORP61,76926.095.81+13.6%+9.5%25.2%17.8%0.21%
Shyam Metalics and Energy logoShyam Metalics and EnergySHYAMMETL32,460–2.82+22.8%––11.8%0.39%
Ratnamani Metals & Tubes logoRatnamani Metals & TubesRATNAMANI16,25637.553.95−16.3%−24.1%11.2%13.2%0.43%
Jindal Saw logoJindal SawJINDALSAW14,58426.581.16−0.7%−60.1%4.4%6.7%0.88%
Usha Martin logoUsha MartinUSHAMART13,58826.804.12+8.5%+25.4%16.8%18.8%0.84%
Gallantt Ispat logoGallantt IspatGALLANTT13,46533.053.86+5.5%−17.3%12.4%12.3%0.36%
Godawari Power and Ispat logoGodawari Power and IspatGPIL12,98216.092.24+8.4%+8.9%15.1%17.2%0.52%
Jayaswal Neco Industries logoJayaswal Neco IndustriesJAYNECOIND8,45412.282.55+18.3%+82.8%23.4%25.3%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

1.2Mar 171.4Mar 181.4Mar 19Mar 20Mar 213.5Mar 225Mar 235.5Mar 245.8Mar 258.5Mar 26
Highest ₹8.50 a share, year to Mar 2026.
Ex-dateTypePer share
8 Sep 2026Final₹8.50
22 Aug 2025Final₹5.75
19 Sep 2024Final₹5.50
1 Sep 2023Final₹5.00
2 Sep 2022Final₹3.50
19 Sep 2019Final₹14.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.APL Apollo Tubes announcements

APL Apollo Tubes share price by year

Each calendar year to 2025.APL Apollo Tubes share price history

YearClose at year endChangeHighest closeLowest close
20251,914.00+22.0%1,920.901,303.05
20241,568.25+2.0%1,717.951,333.60
20231,536.80+40.7%1,795.301,088.40
20221,092.00+9.2%1,185.50777.40
2021999.80+126.5%1,082.85429.90
2020441.50+135.1%441.50107.15
2019187.77+61.2%187.77106.73
2018116.52−41.3%252.88110.23
2017198.38+116.7%200.6991.97
201691.53+22.1%100.1256.25
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
29 Oct 20262,169.102,239.002,158.902,195.002,216.2012,14,68645.1%
28 Oct 20262,219.002,219.002,156.302,165.302,185.148,89,27846.8%
27 Oct 20262,104.002,213.902,100.002,213.902,178.6020,74,07148.2%
26 Oct 20262,030.102,084.902,025.102,077.902,063.119,87,70035.2%
23 Oct 20262,048.602,060.201,994.102,033.702,024.517,77,58051.3%
22 Oct 20262,050.002,072.202,029.602,052.402,042.296,48,90360.8%
21 Oct 20262,140.302,147.802,052.602,066.802,080.025,62,17643.6%
19 Oct 20262,139.702,155.802,121.002,144.602,134.343,81,84860.2%
16 Oct 20262,147.902,164.002,121.002,152.702,147.992,36,37549.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
16 Sep 2021Bonus0.5000Holders received 1 bonus share for every 1 held.
15 Dec 2020Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and managing director
Sanjay Gupta
At the end of the quarter to Sep 2026
NSE symbol
APLAPOLLO
BSE code
533758
ISIN
INE702C01027
Industry
Industrial Products
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