NSE/APLAPOLLO

APLAPOLLOAPL Apollo Tubes Ltd

Metals · NSE

₹2,105.7+2.95%

52-wk low52-WEEK RANGE52-wk high

₹1,474.4+42.8% from low ·-7.7% from high₹2,280.8

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

APLAPOLLO+42.82% · 1Y

Range high ₹2,301.4Range low ₹1,437.9Latest ₹2,105.7252 bars · daily-close · NSE bhavcopy + 10Y history

MetalsSteelLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

High

Amongst the strong performers in the market.

· 52w return +31.6% — strong momentum
· Trades 14.7% above 200-DMA — uptrend intact

Valuation

High

Looks expensive vs the sector.

· P/E 49.9 — 125% above sector median 22.1
· P/B 12.73 above sector median

Growth

Medium

Steady but not standout growth.

· Revenue YoY +14.2%
· 3Y revenue CAGR +16.6%

Profitability

High

Showing good signs of profitability & efficiency.

· ROE 25.5% — high-quality compounder
· Net margin 3.7% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(64/100)

Durability

A+

100/100

Financially resilient — strong quality + solvency profile.

Show 4 drivers

Piotroski F-score9/9 (100pt)
Altman Z" score5.52 (100pt)
Debt/Equity0.15 (100pt)
ROE25.5% (100pt)

Valuation

10/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (49.9 / 22.1)225% (15pt)
P/B12.73 (0pt)
Dividend yield0.27% (7pt)
EV/EBITDA34.0 (12pt)

Momentum

83/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+31.6% (82pt)
DMA-trend alignmentup (75pt)
RSI (14)58.1 (97pt)
Price vs 200-DMA+14.8% (90pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)49.91

OVERVALUED

CheapestP/E 49.9 at 90th %ile — pricier than 90% of peers.Most expensive

P/B12.73

OVERVALUED

CheapestP/B 12.73 at 80th %ile of sector.Most expensive

EV/EBITDA34.02

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +8.27% · Worst: May -0.32%

Jan

+1.7%

60% win

Feb

+3.4%

60% win

Mar

+1.9%

60% win

Apr

+8.3%

80% win

May

-0.3%

40% win

Jun

+3.0%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+3.28%

Median

+3.38%

Std dev

10.15%

Best

+30.7%

Worst

-35.9%

% positive

60%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 5

High-quality compounder (ROE 25.5%)
Above 20% ROE consistently flags capital-efficient businesses
Lean balance sheet (D/E 0.15)
Low leverage means earnings are less sensitive to rate cycles
Financial quality score 9/9
Piotroski ≥7 historically associated with outperformance
Bankruptcy risk low (Altman Z″ 5.52)
Z″ above 2.60 sits squarely in the 'safe' zone
Top quartile ROE in Metals
Rank 2 of 10 peers

WEAKNESSES · 1

Premium to sector on P/E (+125%)
P/E 49.9 vs Metals median 22.1

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 1

Valuation compression risk
P/E 49.9 is 125% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+3.0%

+2.0%

+8.9%

+10.0%

+21.6%

+43.3%

+20.1%

+25.4%

10Y

+38.6%

Fundamentals

VALUATION

Market cap

₹58,644 Cr

P/E (TTM)

49.9

P/E (fwd)

38.8

next 12m

P/B

12.73

EV/EBITDA

34.0

Book value

₹165.87

per share

PROFITABILITY · QUALITY

ROE

25.5%

ROCE

—

Net margin

3.7%

Op margin

7.1%

Gross margin

15.5%

D/E

0.15

GROWTH · MARKET

Rev YoY

+14.2%

Profit YoY

+3.4%

Div yield

0.27%

Payout

14.0%

52w change

+31.6%

Beta

0.35

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Forward P/E materially below trailing (38.8x vs 49.9x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+High ROE of 25.5%Capital-efficient business — every rupee of equity generates 25.5 paise of earnings
+3-year revenue CAGR of 16.6%Sustained multi-year growth — not a one-quarter flash
+Nearly debt-free (D/E 0.15)Low financial risk — funds growth from internal accruals, resilient in downturns
+Top-3 ROE in Metals sectorBest-in-class profitability among 10 listed peers

CONS · 1

−Trades at a premium to sector on P/EP/E 49.9 vs Metals median 22.1 — priced for more growth than peers

Sector-relative context

Metals · 10 peers

P/E (TTM)

This stock

49.91

Sector median

22.14

Rank 9/10 (20th %ile)

ROE

This stock

25.5%

Sector median

14.7%

Rank 9/10 (20th %ile)

P/B

This stock

12.73

Sector median

3.62

Rank 8/10 (30th %ile)

Quality score · Piotroski F-score

9 / 9

Strong quality — passes most F-score checks

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✓

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE5.52

Z″ = 5.52 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.300	×6.56	1.965
Retained Earnings / Total Assets (B)	0.439	×3.26	1.432
EBIT / Total Assets (C)	0.188	×6.72	1.263
Book Equity / Total Liabilities (D)	0.820	×1.05	0.861

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

19 analysts · BUY

Target mean

₹2261.21

Target high

₹2617.00

Target low

₹1400.00

Upside vs today

+7.1%

Street consensus target is +7.1% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Steel

Employees

3,382

Shares out

27.8

Revenue (TTM)

₹21,708 Cr

EBITDA

₹1,700 Cr

Total debt

₹715 Cr

Cash

₹1,334 Cr

Net debt

₹-618 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	4,628	5,267	5,324	5,003	5,649
Operating profit	91	295	358	318	413
OPM %	2.0%	5.6%	6.7%	6.3%	7.3%
Interest	36	37

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	12,625	15,674	17,507	19,996
Operating profit	837	885	1,018	1,000
OPM %	6.6%	5.7%	5.8%	5.0%
Interest	39	61	104	119

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
APLAPOLLOTHIS APL Apollo Tubes Limited	₹2,105.7	+31.6%	58,644	49.9	12.73	25.5%	0.15	+14.2%
HINDZINC Hindustan Zinc Limited	₹592.3	+30.9%	2,49,357	21.1	18.20	86.2%	0.88	+17.4%
HINDALCO Hindalco Industries Limited	₹1,039	+67.0%	2,26,997	14.0	1.67	11.9%	0.58	+13.9%
JINDALSTEL JINDAL STEEL LIMITED	₹1,270	+40.1%	1,31,022	66.3	2.64	4.0%	0.38	+10.9%
NATIONALUM National Aluminium Company Limited	₹438.75	+171.8%	78,668	12.8	3.96	—	0.00	+27.7%
NMDC NMDC Limited	₹89.78	+32.4%	78,511	11.4	2.42	—	0.11	+11.1%
SAIL Steel Authority of India Limited	₹173.33	+49.4%	71,334	25.6	1.23	—	0.58	-2.8%
JSL Jindal Stainless Limited	₹788.2	+38.4%	64,502	22.0	14.33	—	0.38	+1.9%
GMDCLTD Gujarat Mineral Development Corporation Limited	₹736.9	+124.7%	22,069	22.3	3.28	14.7%	0.04	+15.8%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	10.35	11.17	+8.0%
-2q	9.43	10.86	+15.2%
-3q	8.67	8.54	-1.5%
-4q	8.86	10.56	+19.2%

Date	Amount
2025-08-22	₹5.75
2024-09-19	₹5.50
2023-09-01	₹5.00
2022-09-02	₹3.50
2019-09-19	₹1.40
2018-09-19	₹1.40
2017-09-21	₹1.20
2016-09-08	₹1.00

Date	Ratio
2021-09-16	2:1
2020-12-15	5:1

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	50	55	56	56
Reserves	1,955	2,509	3,104	3,708
Borrowings	581	873	1,144	634
Other liabilities	75	118	-0	146
Total liabilities	4,452	5,852	7,187	7,596
Fixed assets	2,307	3,011	3,540	3,864
CWIP	609	569	400	478
Investments	86	96	103	201
Other assets	-0	202	0	-0
Total assets	4,452	5,852	7,187	7,596

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	652	691	1,112	1,213
CF Investing	-530	-876	-916	-375
CF Financing	26	143	27	-815
Net cash flow	148	-41	222	24
Free cash flow	55	-171	417	491

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	5.0%	5.8%	5.7%	6.6%
Net margin %	3.8%	4.2%	4.1%	4.9%
ROE %	21.9%	25.6%	28.1%	30.9%
ROCE %	24.8%	27.9%	30.7%	33.7%
Debt / Equity	0.17	0.36	0.34	0.29
Interest coverage	9.1×	10.4×	15.2×	22.6×
Revenue growth YoY	+14.2%	+11.7%	+24.2%	—
Profit growth YoY	+3.4%	+14.1%	+3.7%	—

APLAPOLLOAPL Apollo Tubes Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Metals

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

SWOT analysis

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Metals