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APL Apollo Tubes share price & results

APL Apollo Tubes Limited· Capital Goods· Industrials

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest structural steel tube maker, with a pan-India manufacturing footprint across 11 plants.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue7,002 ₹ crore+26.6% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin8.0 %0.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit382 ₹ crore+26.5% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity22.80 %+6.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin6.30 %+3.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)14.86 %−2.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

5 of 15 judged targets kept · 18 open · verdicts reflect calls analysed to Q1 FY27.

APL Apollo Tubes Limited management guidance track record on Inve: 33 targets tracked across analysed earnings calls (5 achieved, 10 missed, 18 open).

TargetOriginal wordingSaidLatest callVerdict
Inventory Days20-day range
Call transcript, Q3 FY26 · 22 Jan 2026		Q3 FY26Q1 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.
Call transcript, Q1 FY27 · 3 Aug 2026		Achieved
Specialty Tubes JV AnnouncementClarity on partners and segments in the next 2-3 quarters
Call transcript, Q3 FY26 · 22 Jan 2026		Q3 FY26Q1 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.
Call transcript, Q1 FY27 · 3 Aug 2026		Ghosted
ROCE40% by FY27
Call transcript, Q3 FY26 · 22 Jan 2026		Q3 FY26Q1 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.
Call transcript, Q1 FY27 · 3 Aug 2026		At Risk

Source: Inve Guidance Tracker for APL Apollo Tubes Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

10 of APL Apollo Tubes Limited's 33 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 30 more targets are in the full ledger.

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Price

₹2,213.9 +6.55% · +₹136

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +26.2% 1Y

₹1.8k₹2.0k₹2.2kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q3 FY26 — 22 Jan 2026Q3 FY26 — 27 Jan 2026Q4 FY26 — 4 May 2026Q1 FY27 — 3 Aug 2026

1Y: ₹1,754.4 on 24 Oct 2025 → ₹2,213.9. High ₹2,280.8 (11 Feb 2026), low ₹1,698.4 (25 Nov 2025).

Previous close
₹2,077.9
Market cap
₹61.8k Cr
52-week range
₹1,698.4 – ₹2,280.8
One year
+25.29%
Price to earnings (TTM to Sept 2026)
47.19×
Return on equity (TTM to Sept 2026)
22.80%

Overview

Symbol
NSE:APLAPOLLO
Industry
Industrials
Exchange
NSE
Currency
INR

What APL Apollo Tubes Limited does

Based on the company's own presentations, annual report and earnings calls.

APL Apollo Tubes manufactures welded steel tubes and pipes — structural (light and heavy), rust-proof/galvanized (Apollo Z), agri/industrial galvanized (Apollo Galv), roofing sheets, and specialty products such as seamless pipes, API-grade pipes and stainless-steel pipes — sold through a multi-tier dealer and distributor network to housing, commercial, infrastructure and industrial customers across India and select export markets. It converts hot-rolled steel coil into value-added tube products at its own plants, including a dedicated value-added-products facility at Raipur and an overseas unit in Dubai. It operates a cash-and-carry sales model with its channel partners rather than extending credit.

Segments

  • Apollo Structural (Heavy & Light)
  • Apollo Z
  • Apollo Galv
  • General/Trading
Manufacturing facilities
11
Manufacturing capacity
4.5 Mn Ton (FY25); expanding to 8 Mn Ton by FY28
Market position
India's largest structural steel tube producer; only player with a pan-India manufacturing footprint
Product SKUs
3,000+
Dealers and distributors
800+
Team size
3,382+
Founded 1986Headquarters Delhi NCREmployees 3,382 (March 31, 2025) Company website

How the price took the results

close before → close after

Q1 FY27
+6.7%
3 Aug
Q4 FY26
−1.7%
4 May
Q3 FY26
+5.2%
22 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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