APL Apollo Tubes Ltd.

NSE: APLAPOLLO · Iron & Steel Products

52W Range₹1,653 ₹2,301

Snapshot

Unlock APL Apollo Tubes Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

APL Apollo Tubes Limited is a leading Indian manufacturer of structural steel tubes and pipes, catering to diverse sectors including construction, automotive, and infrastructure. The company offers a wide range of products, such as pre-galvanised sections, black round tubes, and specialised door and fencing solutions.

Business Model

The company generates revenue through the manufacturing and sale of structural steel products, leveraging a broad distribution network to serve both domestic and international markets. It focuses on high-value, value-added steel products to differentiate its offerings from commodity steel manufacturers.

Growth Outlook

Growth is driven by increasing demand for structural steel in the construction and infrastructure sectors, alongside the company's expansion into international markets. Continued innovation in product design and galvanising technologies supports its competitive positioning.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the price of steel and zinc can significantly impact the company's operating margins.
  • Cyclicality of Construction Sector. The company's performance is highly dependent on the health of the infrastructure and real estate industries, which are sensitive to economic cycles.
  • Competitive Intensity. The structural steel pipe market is fragmented, leading to intense price competition from both organised and unorganised players.
  • Regulatory and Trade Risks. Changes in import duties, trade policies, or environmental regulations regarding steel manufacturing could adversely affect operations.

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Key Metrics

REVENUE

₹22,897 Cr

TTM · consolidated

+9.6%YoY

NET PROFIT

₹1,229 Cr

TTM · consolidated

+53.4%YoY

EPS

₹44.27

TTM · consolidated

+53.3%YoY

RETURN ON EQUITY

25.9%

TTM · consolidated

+6.9 ppYoY

RETURN ON CAPITAL EMPLOYED

31.7%

TTM · consolidated

+8.4 ppYoY

P/E

50.8x

Q1 FY27 · consolidated

50.8 vs 116.8x5Y avg

EV/EBITDA

31.7x

Q1 FY27 · consolidated

31.7 vs 74.5x5Y avg

EBITDA MARGIN

8.6%

TTM · consolidated

+2.1 ppYoY

NET PROFIT MARGIN

4.7%

Q1 FY27 · consolidated

+0.1 ppYoY

DEBT TO EQUITY

-0.2%

Q1 FY27 · consolidated

-0.4 ppYoY

Peers · Iron & Steel Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
APL Apollo Tubes Ltd.APLAPOLLO
₹62,473 Cr50.8231.669.6%8.6%25.9%31.7%+34.5%
Welspun Corp Ltd.WELCORP
₹68,338 Cr29.5826.8720.2%14.8%27.9%20.7%+205.9%
Shyam Metalics and Energy Ltd.SHYAMMETL
₹29,736 Cr26.4711.2722.9%13.9%10.1%14.5%+15.5%
Jindal Saw Ltd.JINDALSAW
₹19,524 Cr29.7911.6826.3%11.2%5.0%9.5%+48.6%
Ratnamani Metals & Tubes LimitedRATNAMANI
₹19,114 Cr44.1523.00-16.3%19.5%13.3%16.5%+13.0%
Godawari Power & Ispat Ltd.GPIL
₹16,199 Cr18.3611.938.4%23.5%15.1%20.0%-1.4%

As of Q1 FY27

Financials