A deep dive into APL Apollo Tubes (APLAPOLLO) — examining the financials, valuation picture, and who owns the stock.
APL Apollo Tubes Revenue Trend
Compared to ₹18,194 Cr in FY2024, APL Apollo Tubes's FY2025 revenue of ₹20,786 Cr marks a 14.2% improvement.
The bigger picture is compelling: a 21.3% annual growth rate over 10 years took revenue from ₹3,014 Cr to ₹20,786 Cr.
At ₹20,786 Cr in annual revenue, APL Apollo Tubes is one of the major players in the steel and steel products space.
Looking at the year-on-year numbers, APL Apollo Tubes has seen 10 years of unbroken revenue growth.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹20,786 Cr | +14.2% |
| FY2024 | ₹18,194 Cr | +12.2% |
| FY2023 | ₹16,213 Cr | +23.7% |
| FY2022 | ₹13,104 Cr | +54.2% |
| FY2021 | ₹8,500 Cr | — |
View APL Apollo Tubes's full 10-year revenue trend with CAGR analysis →
APL Apollo Tubes Profitability
Earnings came in strong at ₹757 Cr for FY2025, marking a 3.4% gain over the ₹732 Cr posted in FY2024.
The company maintained its net margin at 3.6% in FY2025, roughly in line with the prior year.
Diluted EPS stood at ₹27.28 in FY2025, compared to ₹26.40 in FY2024.
Is APL Apollo Tubes Undervalued
Based on the P/E Ratio model, APL Apollo Tubes's fair value works out to ₹1,618 — 11.0% downside from where it trades today.
APL Apollo Tubes shares are currently trading at ₹1,817.60.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹1,618 | 11.0% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for APL Apollo Tubes with detailed assumptions →
APL Apollo Tubes Shareholding Pattern
At 28.2%, the promoter stake has been flat for the past 4 quarters.
Foreign institutions moved their stake up to 37.5% from 33.0% over the past year.
On the domestic institutional side, the holding is 16.1% as of March 2026 — down from 16.8%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 28.2% | 37.5% | 16.1% | 18.2% |
| Dec 2025 | 28.3% | 33.1% | 19.9% | 18.7% |
| Sep 2025 | 28.3% | 33.7% | 18.9% | 19.1% |
| Jun 2025 | 28.3% | 33.0% | 16.8% | 21.8% |
Track quarterly shareholding changes for APL Apollo Tubes →
APL Apollo Tubes Balance Sheet
Proportional view as of 12 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
In FY2025, the total asset base came in at ₹75.96B, up 5.7% YoY from ₹71.87B.
Property, Plant & Equipment accounts for 48.8% of the total, ahead of Inventories (21.4%) and Other Assets (18.0%).
Capital structure: 55.4% equity, 8.4% debt, 36.2% operating liabilities. Over the year, debt is down 44.6% and equity is up 16.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 3.69B |
| Receivables | 2.67B |
| Inventories | 16.23B |
| Property, Plant & Equipment | 37.06B |
| Investments | 1.26B |
| Intangibles & Goodwill | 1.40B |
| Other Assets | 13.65B |
| Category | Value |
|---|---|
| Equity | 42.09B |
| Short-term Debt | 2.06B |
| Long-term Debt | 4.28B |
| Trade Payables | 22.31B |
| Other Liabilities | 5.22B |
APL Apollo Tubes Key Highlights
In summary, APL Apollo Tubes (APLAPOLLO) presents the following picture for fundamental analysts.
Revenue of ₹20,786 Cr in FY2025, up 14.2% year-over-year.
Long-term revenue has been compounding at 21.3% annually over 10 years.
The company is profitable, with a net margin of 3.6% and net income of ₹757 Cr.
The P/E Ratio model implies 11.0% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of APL Apollo Tubes goes deeper: three valuation models, growth metrics, and 10 years of financial data.