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    APL Apollo Tubes Limited

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

    Capital Goods
    Industrials
    View APLAPOLLO earnings calls
    ₹1,871.6
    -2.16% from avg

    Overview

    Price

    ₹1,871.6

    Market Cap

    ₹51.3k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    3

    Performance

    Explore APLAPOLLO

    Promise TrackerConcall Analysis

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital2525505556565656
    Reserves1.3k1.7k2.4k3.0k3.5k4.2k4.5k5.2k
    Borrowings8345205818731.1k634715498
    Other Liabilities1.1k1.2k1.4k2.0k2.4k2.8k3.0k3.0k
    Total Liabilities3.3k3.4k4.5k5.9k7.2k7.6k8.3k8.8k
    AssetsFixed Assets1.7k1.7k1.8k2.6k3.3k3.7k3.8k4.1k
    CWIP10108504374203336312328
    Investments2191961031264548
    Other Assets1.5k1.6k2.0k2.8k3.6k3.5k4.2k4.4k
    Total Assets3.3k3.4k4.5k5.9k7.2k7.6k8.3k8.8k

    Valuation

    Assumptions

    Current — APLAPOLLO
    Price
    ₹1,872
    EPS (TTM)
    ₹43.34
    PE (TTM)
    43.2
    Profit growth
    23.3%
    ₹

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (55.9×) and current (43.2×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,872
    vs
    Fair value · 15% return
    ₹2,426
    30%Undervalued

    At 23.3% growth and a 43× exit, ₹1872 only delivers your return if you pay ₹2,426. The price is currently baking in 18% growth.

    EPS grows 23.3%/yr for 5 years, then fades to 6% over 2, exits at 43×.

    YearGrowthEPS (₹)
    FY2723.3%53.44
    FY2823.3%65.89
    FY2923.3%81.24
    FY3023.3%100.17
    FY3123.3%123.51
    FY3214.7% ·fade141.60
    FY336.0% ·fade150.10

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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