About
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 plank, apollo fencing solutions, and handrails for residential housing and green construction; and heavy structural tubes, large diameter pipes, and MS pipes for factories, warehouses, data centres, and food parks applications. It also provides coated tubes, pre-galvanised tubes, and specialty steel tubes for EVs, aerospace, oil and gas, and heavy engineering; and corrosion resistant pipes, tubes, and sheets for agricultural and industrial applications. It serves its customers through a multi-tier distribution model comprising dealers, distributors, direct marketing associates, and channel partners. The company was formerly known as Bihar Tubes Limited and changed its name to APL Apollo Tubes Limited in 2010. APL Apollo Tubes Limited was incorporated in 1986 and is headquartered in Noida, India.
Key Metrics
as of Sep 2026Market Cap62,473 Cr
P/E50.80
Div Yield0.38 %
Book Value₹191.00
52w High₹2,301.00
52w Low₹1,640.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,802.00 | 4,216.00 | 4,010.00 | 3,186.00 | 3,373.00 | 3,757.00 | 3,781.00 | 3,321.00 | 3,501.00 | 3,339.00 | 3,146.00 | 3,725.00 | 3,649.00 |
| Expenses | 3,585.00 | 3,913.00 | 3,802.00 | 3,004.00 | 3,179.00 | 3,555.00 | 3,635.00 | 3,272.00 | 3,358.00 | 3,244.00 | 2,977.00 | 3,517.00 | 3,416.00 |
| Operating Profit | 217.00 | 303.00 | 208.00 | 183.00 | 194.00 | 202.00 | 146.00 | 50.00 | 143.00 | 96.00 | 169.00 | 208.00 | 233.00 |
| OPM % | 6.00 | 7.00 | 5.00 | 6.00 | 6.00 | 5.00 | 3.90 | 1.50 | 4.10 | 2.90 | 5.00 | 6.00 | 6.00 |
| Other Income | 50.00 | 30.00 | 17.00 | 17.00 | 17.00 | 35.00 | 20.00 | 12.00 | 13.00 | 14.00 | 11.00 | 14.00 | 17.00 |
| Depreciation | 29.00 | 32.00 | 31.00 | 31.00 | 27.00 | 30.00 | 25.00 | 23.00 | 23.00 | 24.00 | 28.00 | 25.00 | 24.00 |
| Interest | 38.00 | 31.00 | 29.00 | 26.00 | 27.00 | 27.00 | 31.00 | 27.00 | 10.00 | 12.00 | 13.00 | 12.00 | 13.00 |
| Profit before tax | 199.00 | 271.00 | 165.00 | 142.00 | 156.00 | 179.00 | 110.00 | 12.00 | 123.00 | 75.00 | 139.00 | 185.00 | 214.00 |
| Tax % | 26.00 | 24.00 | 27.00 | 25.00 | 26.00 | 16.00 | 22.00 | 49.00 | 25.00 | 23.00 | 26.00 | 28.00 | 25.00 |
| Net Profit | 147.00 | 205.00 | 120.00 | 106.00 | 116.00 | 151.00 | 86.00 | 6.00 | 92.00 | 57.00 | 103.00 | 133.00 | 161.00 |
| EPS in Rs | 5.29 | 7.39 | 4.31 | 3.83 | 4.18 | 5.44 | 3.11 | 0.21 | 3.33 | 2.07 | 3.71 | 4.79 | 5.79 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15,110.00 | 14,361.00 | 13,859.00 | 14,279.00 | 11,590.00 | 6,008.00 | 5,931.00 | 5,868.00 | 4,336.00 | 3,106.00 | 2,949.00 | 2,067.00 |
| Expenses | 14,222.00 | 13,820.00 | 13,153.00 | 13,482.00 | 10,825.00 | 5,724.00 | 5,693.00 | 5,581.00 | 4,101.00 | 2,884.00 | 2,836.00 | 1,973.00 |
| Operating Profit | 888.00 | 541.00 | 706.00 | 797.00 | 764.00 | 284.00 | 238.00 | 287.00 | 235.00 | 222.00 | 113.00 | 94.00 |
| OPM % | 6.00 | 3.80 | 5.00 | 6.00 | 7.00 | 4.70 | 4.00 | 4.90 | 5.00 | 7.00 | 3.90 | 4.50 |
| Other Income | 81.00 | 80.00 | 57.00 | 42.00 | 35.00 | 44.00 | 27.00 | 42.00 | 35.00 | 4.00 | -4.00 | 13.00 |
| Interest | 113.00 | 95.00 | 50.00 | 48.00 | 43.00 | 55.00 | 82.00 | 101.00 | 70.00 | 63.00 | 49.00 | 50.00 |
| Depreciation | 121.00 | 102.00 | 100.00 | 102.00 | 94.00 | 68.00 | 69.00 | 53.00 | 44.00 | 40.00 | 19.00 | 12.00 |
| Profit before tax | 735.00 | 425.00 | 612.00 | 689.00 | 662.00 | 205.00 | 114.00 | 175.00 | 156.00 | 123.00 | 42.00 | 44.00 |
| Tax % | 26.00 | 21.00 | 26.00 | 26.00 | 25.00 | 25.00 | -1.00 | 28.00 | 28.00 | 28.00 | 26.00 | 29.00 |
| Net Profit | 547.00 | 336.00 | 454.00 | 512.00 | 494.00 | 154.00 | 115.00 | 126.00 | 113.00 | 88.00 | 31.00 | 31.00 |
| EPS in Rs | 19.70 | 12.09 | 16.35 | 18.46 | 19.75 | 6.16 | 4.63 | 5.30 | 4.74 | 3.74 | 1.31 | 1.34 |
| Dividend Payout % | 43.00 | 48.00 | 34.00 | 27.00 | 18.00 | 0.00 | 0.00 | 26.00 | 29.00 | 32.00 | 76.00 | 45.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 56.00 | 56.00 | 56.00 | 55.00 | 50.00 | 25.00 | 25.00 | 24.00 | 24.00 | 24.00 | 23.00 | 23.00 |
| Reserves | 3,426.00 | 3,031.00 | 2,834.00 | 2,515.00 | 2,093.00 | 1,424.00 | 1,250.00 | 984.00 | 882.00 | 787.00 | 324.00 | 318.00 |
| Borrowings | 640.00 | 669.00 | 130.00 | 399.00 | 339.00 | 488.00 | 564.00 | 732.00 | 738.00 | 458.00 | 461.00 | 390.00 |
| Other Liabilities | 1,914.00 | 1,686.00 | 1,570.00 | 1,534.00 | 1,271.00 | 883.00 | 735.00 | 838.00 | 499.00 | 569.00 | 260.00 | 126.00 |
| Total Liabilities | 6,036.00 | 5,442.00 | 4,590.00 | 4,504.00 | 3,753.00 | 2,820.00 | 2,574.00 | 2,577.00 | 2,143.00 | 1,838.00 | 1,068.00 | 858.00 |
| Fixed Assets | 1,751.00 | 1,603.00 | 1,438.00 | 1,519.00 | 1,536.00 | 892.00 | 957.00 | 802.00 | 717.00 | 505.00 | 332.00 | 295.00 |
| CWIP | 79.00 | 169.00 | 117.00 | 36.00 | 52.00 | 53.00 | 6.00 | 22.00 | 40.00 | 117.00 | 26.00 | 24.00 |
| Investments | 1,585.00 | 1,577.00 | 1,345.00 | 961.00 | 539.00 | 526.00 | 396.00 | 392.00 | 392.00 | 391.00 | 90.00 | 88.00 |
| Other Assets | 2,622.00 | 2,093.00 | 1,690.00 | 1,988.00 | 1,626.00 | 1,350.00 | 1,215.00 | 1,361.00 | 994.00 | 825.00 | 621.00 | 451.00 |
| Total Assets | 6,036.00 | 5,442.00 | 4,590.00 | 4,504.00 | 3,753.00 | 2,820.00 | 2,574.00 | 2,577.00 | 2,143.00 | 1,838.00 | 1,068.00 | 858.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,200.00 | 413.00 | 740.00 | 916.00 | 614.00 | 618.00 | 305.00 | 268.00 | -60.00 | 377.00 | 36.00 | 138.00 |
| Cash from Investing Activity | -670.00 | -471.00 | -334.00 | -837.00 | -171.00 | -545.00 | -164.00 | -123.00 | -132.00 | -181.00 | -45.00 | -75.00 |
| Cash from Financing Activity | -296.00 | 300.00 | -450.00 | -71.00 | -349.00 | -108.00 | -127.00 | -121.00 | 192.00 | -196.00 | 9.00 | -62.00 |
| Net Cash Flow | 234.00 | 241.00 | -44.00 | 8.00 | 94.00 | -36.00 | 15.00 | 23.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow | 1,044.00 | 133.00 | 652.00 | 796.00 | 500.00 | 512.00 | 128.00 | 111.00 | -223.00 | 229.00 | -30.00 | 58.00 |
| CFO/OP % | 154.00 | 92.00 | 127.00 | 136.00 | 100.00 | 232.00 | 145.00 | 102.00 | -12.00 | 181.00 | 38.00 | 151.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 3.00 | 2.00 | 1.00 | 3.00 | 12.00 | 5.00 | 19.00 | 26.00 | 29.00 | 30.00 | 33.00 | 20.00 |
| Inventory Days | 24.00 | 27.00 | 29.00 | 31.00 | 28.00 | 38.00 | 41.00 | 47.00 | 48.00 | 50.00 | 36.00 | 37.00 |
| Days Payable | 42.00 | 39.00 | 38.00 | 37.00 | 37.00 | 48.00 | 41.00 | 43.00 | 34.00 | 62.00 | 20.00 | 7.00 |
| Cash Conversion Cycle | -15.00 | -9.00 | -8.00 | -3.00 | 3.00 | -5.00 | 19.00 | 30.00 | 43.00 | 18.00 | 48.00 | 50.00 |
| Working Capital Days | -2.00 | -1.00 | -2.00 | -10.00 | -1.00 | -11.00 | 6.00 | -2.00 | -10.00 | -13.00 | 3.00 | -6.00 |
| ROCE % | 22.00 | 15.00 | 22.00 | 27.00 | 32.00 | 14.00 | 11.00 | 16.00 | 16.00 | 18.00 | 15.00 | 13.00 |
Corporate Actions
16 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 22 Aug 2025 | 22 Aug 2025 | — | 5.75 | |
| Dividend | 19 Sep 2024 | 19 Sep 2024 | — | 5.50 | |
| Dividend | 01 Sep 2023 | 02 Sep 2023 | — | 5.00 | |
| Dividend | 02 Sep 2022 | 05 Sep 2022 | — | 3.50 | |
| Bonus | 16 Sep 2021 | 18 Sep 2021 | 1:1 | — | |
| Other | 15 Jul 2021 | — | — | — | Annual General Meeting |
| Split | 15 Dec 2020 | 16 Dec 2020 | 10:2 | — | |
| Other | 21 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Sep 2019 | — | — | 14.00 | |
| Dividend | 19 Sep 2018 | — | — | 14.00 | |
| Dividend | 21 Sep 2017 | — | — | 12.00 | |
| Dividend | 08 Sep 2016 | — | — | 10.00 | |
| Dividend | 13 Aug 2015 | — | — | 6.00 | |
| Dividend | 17 Sep 2014 | — | — | 5.00 | |
| Dividend | 07 Aug 2013 | — | — | 5.00 | |
| Dividend | 20 Sep 2012 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 Feb from icra
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Rating update30 Sep 2025 from crisil
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Rating update27 Jun 2025 from icra
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Rating update3 Mar 2025 from care
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Rating update7 Nov 2024 from icra
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Rating update4 Sep 2024 from icra
Conference Calls
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