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Last Updated: April 2, 2026, 2:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533758 | NSE: APLAPOLLO

APL Apollo Tubes Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹1,189.46Overvalued by 38.53%vs CMP ₹1,935.00

P/E (47.0) × ROE (19.0%) × BV (₹166.00) × DY (0.30%)

₹628.60Overvalued by 67.51%vs CMP ₹1,935.00
MoS: -207.8% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,316.9222%Over (-31.9%)
Graham NumberEarnings₹391.9916%Over (-79.7%)
Earnings PowerEarnings₹190.7113%Over (-90.1%)
DCFCash Flow₹677.7213%Over (-65%)
Net Asset ValueAssets₹165.917%Over (-91.4%)
EV/EBITDAEnterprise₹579.379%Over (-70.1%)
Earnings YieldEarnings₹411.407%Over (-78.7%)
ROCE CapitalReturns₹440.029%Over (-77.3%)
Revenue MultipleRevenue₹745.245%Over (-61.5%)
Consensus (9 models)₹628.60100%Overvalued
Key Drivers: Wide model spread (₹166–₹1,317) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 10.7%

*Investments are subject to market risks

Investment Snapshot

77
APL Apollo Tubes Ltd scores 77/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health88/100 · Strong
ROCE 22.4% ExcellentROE 19.0% ExcellentD/E 0.26 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money85/100 · Strong
FII holding up 1.34% (6mo) AccumulatingDII holding up 3.17% MF buyingPromoter holding at 28.3% Stable
Earnings Quality60/100 · Moderate
OPM stable around 7% SteadyWorking capital: 0 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): +9% YoY GrowingProfit (4Q): +80% YoY Strong
Industry Rank75/100 · Strong
P/E 47.0 vs industry 40.7 In-lineROCE 22.4% vs industry 15.3% Above peersROE 19.0% vs industry 11.7% Above peers3Y sales CAGR: 17% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:36 am

Market Cap 53,721 Cr.
Current Price 1,935
Intrinsic Value₹628.60
High / Low 2,301/1,367
Stock P/E47.0
Book Value 166
Dividend Yield0.30 %
ROCE22.4 %
ROE19.0 %
Face Value 2.00
PEG Ratio4.39

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for APL Apollo Tubes Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
APL Apollo Tubes Ltd 53,721 Cr. 1,935 2,301/1,36747.0 1660.30 %22.4 %19.0 % 2.00
Welspun Corp Ltd 21,837 Cr. 828 995/66414.1 3110.60 %21.2 %18.6 % 5.00
Ratnamani Metals & Tubes Ltd 15,814 Cr. 2,256 3,050/1,90026.5 5520.62 %21.5 %16.0 % 2.00
Jindal Saw Ltd 12,236 Cr. 191 278/15310.9 1891.05 %19.4 %16.3 % 1.00
Surya Roshni Ltd 4,529 Cr. 208 359/18714.3 1152.04 %20.7 %14.9 % 5.00
Industry Average9,873.50 Cr511.9240.74163.020.44%15.34%11.65%4.69

All Competitor Stocks of APL Apollo Tubes Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4,3274,4314,5454,6304,1784,7664,9744,7745,4335,5095,1705,2065,815
Expenses 4,0544,1084,2384,3053,8984,4854,6734,6365,0875,0954,7984,7595,343
Operating Profit 273323307325280280302138346414372447472
OPM % 6%7%7%7%7%6%6%3%6%8%7%9%8%
Other Income 9182220151925152235262525
Interest 19252727283128363732332833
Depreciation 35474141474746475058545859
Profit before tax 22926926127721922125270280359310386404
Tax % 26%25%26%27%24%23%23%23%23%18%23%22%23%
Net Profit 16920219420316617019354217293237302310
EPS in Rs 6.107.286.987.325.966.146.961.947.8210.568.5510.8611.17

Last Updated: February 6, 2026, 5:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 7:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2,4973,0904,1543,9245,3357,1527,7238,50013,06316,16618,11920,69021,700
Expenses 2,3322,9083,8723,5904,9646,7597,2467,82112,11815,14316,92619,49019,995
Operating Profit 1651822823343713934786799461,0221,1931,1991,704
OPM % 7%6%7%9%7%5%6%8%7%6%7%6%8%
Other Income 24-155812223640467496110
Interest 6166707281113107664467113133126
Depreciation 16223451536496103109138176201229
Profit before tax 89981632162442272965468328639789601,460
Tax % 34%35%38%30%35%35%14%25%26%26%25%21%
Net Profit 59641011521581482564086196427327571,142
EPS in Rs 2.522.724.296.456.666.229.5814.4224.7323.1426.3927.2841.14
Dividend Payout % 20%22%23%19%21%23%0%0%14%22%21%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)8.47%57.81%50.50%3.95%-6.33%72.97%59.38%51.72%3.72%14.02%3.42%
Change in YoY Net Profit Growth (%)0.00%49.34%-7.32%-46.55%-10.28%79.30%-13.60%-7.66%-48.00%10.30%-10.60%

APL Apollo Tubes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:21%
5 Years:22%
3 Years:17%
TTM:13%
Compounded Profit Growth
10 Years:28%
5 Years:26%
3 Years:6%
TTM:9%
Stock Price CAGR
10 Years:43%
5 Years:48%
3 Years:17%
1 Year:15%
Return on Equity
10 Years:22%
5 Years:23%
3 Years:21%
Last Year:19%

Last Updated: September 4, 2025, 11:25 pm

Balance Sheet

Last Updated: December 10, 2025, 2:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 23232324242425255055565656
Reserves 4024725446808149401,3311,6702,4142,9503,5494,1534,550
Borrowings 5054826515947758588345205818731,144634715
Other Liabilities 2203454425475689521,0751,1841,4071,9732,4382,7532,988
Total Liabilities 1,1501,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,5968,309
Fixed Assets 4206146666708861,0341,7081,7361,8372,5803,2813,6683,773
CWIP 282432122462710108504374203336312
Investments 181913014921919610312645
Other Assets 6856669491,0521,2481,6631,5461,5542,0202,8013,6003,4674,178
Total Assets 1,1501,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,5968,309

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 13331511315913585109776526911,1121,213
Cash from Investing Activity + -128-191-93-170-165-264-435-647-530-876-916-375
Cash from Financing Activity + -9-12481-14579-53-78-3592614327-815
Net Cash Flow -4-0-00541-3-28148-4122224
Free Cash Flow 6134-99144-7713220869765-151450562
CFO/OP 96%177%19%113%41%108%124%162%90%89%111%117%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-340.00-300.00-369.00-260.00-404.00-465.00-356.00159.00365.00-872.000.00-633.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 36211927302823610335
Inventory Days 484461534745443928393833
Days Payable 202826443040424034424646
Cash Conversion Cycle 64365436473324430-5-8
Working Capital Days 12-37-30-18-60110-0
ROCE %17%17%24%23%22%20%20%26%32%27%25%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 31.16%30.61%29.67%29.56%29.44%28.33%28.32%28.31%28.31%28.31%28.30%28.27%
FIIs 25.71%25.07%28.66%29.25%30.69%31.55%31.94%31.72%31.78%33.05%33.72%33.12%
DIIs 11.08%12.73%12.69%13.75%14.06%14.90%15.89%16.51%16.74%16.83%18.92%19.91%
Public 32.05%31.59%28.99%27.41%25.81%25.23%23.84%23.45%23.17%21.81%19.07%18.69%
No. of Shareholders 1,81,4661,82,7541,91,7182,05,8452,03,7201,94,1922,17,6481,94,5981,85,5241,83,4161,64,3611,59,316

Shareholding Pattern Chart

No. of Shareholders

APL Apollo Tubes Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Growth Mid Cap Fund 3,000,000 1.47 613.71N/AN/AN/A
Kotak Midcap Fund 1,678,567 0.58 343.382,792,4812026-02-23 07:06:44-39.89%
Franklin India Mid Cap Fund 1,499,891 2.51 306.83N/AN/AN/A
DSP Mid Cap Fund 1,426,865 1.53 291.891,572,3472025-12-08 06:54:33-9.25%
ICICI Prudential MidCap Fund 1,425,196 4.18 291.55947,9342025-12-08 00:51:5450.35%
Canara Robeco Large and Mid Cap Fund 1,353,923 1.12 276.971,177,9062026-01-25 00:22:2014.94%
Aditya Birla Sun Life Flexi Cap Fund 1,297,874 1.07 265.51N/AN/AN/A
Franklin India Opportunities Fund 1,289,735 3.19 263.84N/AN/AN/A
Edelweiss Mid Cap Fund 1,286,528 1.91 263.191,169,6652025-12-15 01:16:589.99%
ICICI Prudential Multicap Fund 1,246,451 1.61 254.99N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 27.2826.4023.1522.3028.91
Diluted EPS (Rs.) 27.2826.4023.1422.2628.81
Cash EPS (Rs.) 34.5332.7328.1329.0840.87
Book Value[Excl.RevalReserv]/Share (Rs.) 151.64129.87108.3798.44146.75
Book Value[Incl.RevalReserv]/Share (Rs.) 151.64129.87108.3798.44146.75
Revenue From Operations / Share (Rs.) 745.43652.81582.87521.91680.52
PBDIT / Share (Rs.) 46.6645.6538.5339.3857.22
PBIT / Share (Rs.) 39.4139.3133.5535.0348.99
PBT / Share (Rs.) 34.6035.2331.1333.2543.70
Net Profit / Share (Rs.) 27.2826.3923.1424.7332.64
NP After MI And SOA / Share (Rs.) 27.2826.3923.1422.2628.84
PBDIT Margin (%) 6.256.996.617.548.40
PBIT Margin (%) 5.286.025.756.717.19
PBT Margin (%) 4.645.395.346.376.42
Net Profit Margin (%) 3.654.043.974.734.79
NP After MI And SOA Margin (%) 3.654.043.974.264.23
Return on Networth / Equity (%) 17.9820.3121.3524.6121.25
Return on Capital Employeed (%) 22.0223.2525.3429.0027.55
Return On Assets (%) 9.9610.1910.9612.5110.59
Long Term Debt / Equity (X) 0.090.210.130.150.10
Total Debt / Equity (X) 0.140.310.290.250.26
Asset Turnover Ratio (%) 2.802.783.142.741.97
Current Ratio (X) 1.211.341.171.281.19
Quick Ratio (X) 0.590.680.490.680.54
Inventory Turnover Ratio (X) 12.699.8612.309.746.71
Dividend Payout Ratio (NP) (%) 20.1618.9313.640.000.00
Dividend Payout Ratio (CP) (%) 15.9215.2611.220.000.00
Earning Retention Ratio (%) 79.8481.0786.360.000.00
Cash Earning Retention Ratio (%) 84.0884.7488.780.000.00
Interest Coverage Ratio (X) 9.7211.1715.9322.1710.81
Interest Coverage Ratio (Post Tax) (X) 6.687.4610.5714.927.17
Enterprise Value (Cr.) 42352.4242276.2333907.8423284.1017714.73
EV / Net Operating Revenue (X) 2.052.332.101.782.08
EV / EBITDA (X) 32.7033.3731.7323.6224.79
MarketCap / Net Operating Revenue (X) 2.052.292.071.752.06
Retention Ratios (%) 79.8381.0686.350.000.00
Price / BV (X) 10.0511.5111.1110.1110.32
Price / Net Operating Revenue (X) 2.052.292.071.752.06
EarningsYield 0.010.010.010.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

APL Apollo Tubes Ltd. is a Public Limited Listed company incorporated on 24/02/1986 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1986PLC023443 and registration number is 023443. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company's Total Operating Revenue is Rs. 14360.71 Cr. and Equity Capital is Rs. 55.51 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Steel - Tubes/Pipes37, Hargobind Enclave, Vikas Marg, New Delhi Delhi 110092Contact not found
Management
NamePosition Held
Mr. Sanjay GuptaChairman & Managing Director
Mr. Ashok K GuptaVice Chairman & Director
Mr. Dinesh Kumar MittalDirector
Mr. Vinay GuptaDirector
Mr. Dukhabandhu RathDirector
Ms. Neeru AbrolDirector
Mr. Rakesh SharmaDirector
Mr. C K SinghDirector & COO
Mr. Rahul GuptaDirector
Mr. Rajeev AnandDirector
Mr. H S Upendra KamathDirector
Mrs. Asha Anil AgarwalDirector
Mr. Deepak KumarDirector & Group CFO

FAQ

What is the intrinsic value of APL Apollo Tubes Ltd and is it undervalued?

As of 19 April 2026, APL Apollo Tubes Ltd's intrinsic value is ₹628.60, which is 67.51% lower than the current market price of ₹1,935.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (19.0 %), book value (₹166), dividend yield (0.30 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of APL Apollo Tubes Ltd?

APL Apollo Tubes Ltd is trading at ₹1,935.00 as of 19 April 2026, with a FY2026-2027 high of ₹2,301 and low of ₹1,367. The stock is currently in the middle of its 52-week range. Market cap stands at ₹53,721 Cr..

How does APL Apollo Tubes Ltd's P/E ratio compare to its industry?

APL Apollo Tubes Ltd has a P/E ratio of 47.0, which is above the industry average of 40.74. The premium over industry average may reflect growth expectations or speculative interest.

Is APL Apollo Tubes Ltd financially healthy?

Key indicators for APL Apollo Tubes Ltd: ROCE of 22.4 % indicates efficient capital utilization; ROE of 19.0 % shows strong shareholder returns. Dividend yield is 0.30 %.

Is APL Apollo Tubes Ltd profitable and how is the profit trend?

APL Apollo Tubes Ltd reported a net profit of ₹757 Cr in Mar 2025 on revenue of ₹20,690 Cr. Compared to ₹619 Cr in Mar 2022, the net profit shows an improving trend.

Does APL Apollo Tubes Ltd pay dividends?

APL Apollo Tubes Ltd has a dividend yield of 0.30 % at the current price of ₹1,935.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in APL Apollo Tubes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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