APL Apollo Tubes Ltd (APLAPOLLO) — share price & stock analysis

Market cap

₹49,565 Cr

P/E

41.2×

ROE

25.3%

vs own 10-yr valuation

62nd pctile

Book value / share

₹191

EPS (TTM)

₹43.3

10-yr median P/E

40.9×

Revenue (FY26)

₹23,079 Cr

Profit after tax (FY26)

₹1,203 Cr

Weinstein stage

Stage 4 (1 weeks)

Data as of

1 July 2026

6 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 32% — a high-quality engine; effectively no debt; margins near the top of their band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double.

The price has run ahead of the profits

Since Mar 2016, the stock is up 2,502% while earnings per share grew 775%. The difference is re-rating — investors paying more for the same rupee of profit.pricettm_eps

That works until it doesn’t: from here, earnings have to do the lifting, because the multiple has already done its part.

Today’s P/E of 41.2× is the middle of its own range against its own 10-year history (62nd percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (40.9×).

The price is in a downtrend — fighting it is expensive

Stock prices move through four repeating stages: basing (1), advancing (2), topping (3) and declining (4). This one is in Stage 4: declining, 1 week in, confirmed.stage

The price is below its falling 200-day average — history says most of the damage in stocks happens here. Cheap can get cheaper in Stage 4.dma_200

Trailing NIFTY 500 for 3 weeks — relative strength is the market’s live opinion, and right now it is against it.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Profits have grown in 11 of the last 12 years — this is a compounding machine

Over 12 years, sales went from ₹2,497 Cr to ₹23,079 Cr (about 20% a year), and profit from ₹59.0 Cr to ₹1,203 Cr.revenuenet_profit

Margins held steady throughout (5.5–8.5%) — disciplined growth.operating_profit

Sales grew 14% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹6,269 Cr, up 14% on the same quarter last year.revenue

That makes 9 quarters of growth in a row — this is a trend, not a blip.revenue

Margins have been rebuilt — 5.8% in FY25 to 7.8% now

Of every ₹100 of sales, the company keeps ₹8.2 as operating profit (a year ago it kept ₹7.5).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 5.8% in FY25 and has been rebuilt to 7.8% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

Profit jumped 21% — mostly from selling more

Mar 26 profit after tax was ₹354 Cr, up 21% year on year.net_profit

The profits are real — they turn into cash

Over the last 5 profitable years, the business reported ₹3,953 Cr of profit and collected ₹5,771 Cr of operating cash — about 146% conversion.operating_cash_flownet_profit

When cash tracks profit this closely, the earnings need no asterisk.

The cash cycle is stable

One rupee now takes about -12 days to go out the door as materials and come back as collected cash.cash_conversion_cycle

The biggest mover: inventory moving faster off the shelf (33 → 27 days).inventory_days

The asset base keeps compounding — this company builds

The productive asset base has gone from ₹420 Cr (FY14) to ₹4,060 Cr, with another ₹328 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹2,685 Cr) fits inside the operating cash the business generated (₹4,428 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹9.borrowings

Every ₹100 kept in the business now earns ₹32 — and the number is rising

Return on capital employed is 32.0% (a year ago: 22.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

Big money is quietly accumulating

Promoters hold 28.3%, essentially unchanged. Foreign funds own 37.5%, domestic funds 16.1%.promoters_pctfiis_pctdiis_pct

Institutions buying while the story develops is the market’s quiet vote of confidence — they meet management, you don’t.

A good business — the question is the price

The numbers are genuinely mixed, and the price already assumes the good news continues.

Best thing in the data: cash generation rising (₹1,213 Cr → ₹2,103 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data