APLAPOLLO

What APL Apollo Tubes promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 33 tracked 5 delivered 10 missed 18 open
  • Inventory Days delivered said Q3 FY26 Promised: 20-day range Q1 FY27: Achieved. Management confirmed that working capital days remained negative ('below zero'), which is superior to the original target of a 20-day range for inventory.
  • Specialty Tubes JV Announcement went quiet said Q3 FY26 Promised: Clarity on partners and segments in the next 2-3 quarters Q1 FY27: Ghosted. No mention of the previously discussed JV for specialty tubes. The focus has shifted to in-house Value-Added Product (VAP) capacity expansion.
  • ROCE at risk said Q3 FY26 Promised: 40% by FY27 Q1 FY27: At risk. ROCE dropped to 30% in Q1 from 37% in FY26. While management reiterated the 40% target, the current trajectory makes it challenging.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 33 tracked commitments for APL Apollo Tubes — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens