APL Apollo Tubes Limited (APLAPOLLO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of APL Apollo Tubes Limited ₹1,229, price ₹2,195, upside -44.0%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹627.29 – ₹2,281 · fair‑value band ₹662.62 – ₹2,133 · the ₹2,195 price screens above the ₹1,229 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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APL Apollo Tubes Limited manufactures and sells structural steel tubes in India. The company offers structural tubes for construction, automotive, machinery, furniture, etc.
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APL Apollo Tubes Limited manufactures and sells structural steel tubes in India. The company offers structural tubes for construction, automotive, machinery, furniture, etc. applications; galvanized iron products for industrial and agricultural applications; tricoat pipes, designer pipes, and door frames; black round tubes used in plumbing systems of buildings; pre galvanized sections of square, rectangular, and circular tubes used for roofing structure; and ready-made and color coated chaukhat, steel building, and fencing solutions. It also exports its products. The company was formerly known as Bihar Tubes Limited and changed its name to APL Apollo Tubes Limited in 2010. APL Apollo Tubes Limited was incorporated in 1986 and is headquartered in Noida, India.
Stock analysis
APL Apollo Tubes Limited (APLAPOLLO) currently trades at ₹2,195, while our model-based Fair Value estimate is ₹1,229, implying the stock looks roughly 78.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,395 per share, and 0 of the 26 models we run sit above the ₹2,195 price.
Bear case: the Asset-Based group reads lowest at ₹127.81, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹662.62 (bear) to ₹2,133 (bull), the price of ₹2,195 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
APL Apollo Tubes Limited reported revenue of ₹231B in FY2026 versus ₹126B in FY2022, a compound +16.3%/yr. Reported net income was ₹12.0B in FY2026, compounding +18.1%/yr from FY2022.
Key figures
Market cap ₹609B (≈ $6.3B) · P/E ratio 50.6 · P/S ratio 2.64 · EPS (TTM) ₹43.38 · Dividend yield 0.4% · Net margin 5.2% · Return on equity 25.3% · Return on assets (EBIT) 15.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −44%, APLAPOLLO screens cheaper than that median.
Fair Value models
Bear ₹662.62Fair Value ₹1,229Bull ₹2,133
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹16.85 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.9%
Start year 2021 (pandemic). Over 10 years: +18.7% a year
Revenue growth 19 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.3%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.0%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.25% vs 26%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 7%
2026 sits 64% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+25.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+14.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +20.6% a year for the price and +9.6% for the forecasts.
Compare APL Apollo Tubes Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 412 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−44% · Below median
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)5% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth14% · Top 25%
Dividend yield (TTM)0.4% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (TTM)50.6× · Priciest 25%
P/B11.50× · Priciest 25%
P/S (TTM)2.64× · Priciest 25%
P/FCF0.5× · Cheaper than median
EV/EBITDA33.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 18
FUTURE (revenue growth)68· sector 2
PAST (return on equity)100· sector 15
HEALTH (low debt)98· sector 95
DIVIDEND (yield)8· sector 49
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "APL Apollo Tubes Limited Fair Value". https://www.fairvalue-calculator.com/stock/APLAPOLLO
Frequently asked questions
Is APL Apollo Tubes Limited (APLAPOLLO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹1,229 versus a price of ₹2,195, about −44% upside (overvalued).
What is the fair value of APLAPOLLO?
Our model-based fair value for APL Apollo Tubes Limited is ₹1,229 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹2,195.
What is the quality score of APLAPOLLO?
APL Apollo Tubes Limited has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for APL Apollo Tubes Limited (APLAPOLLO)?
Our model-based price target is the fair value of ₹1,229 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario ₹662.62, optimistic scenario ₹2,133. It is a calculation from audited fundamentals, not an analyst target.
What is the APL Apollo Tubes Limited stock forecast for 2026?
Our models put fair value at ₹1,229, about −44% upside versus a price of ₹2,195 (overvalued). Cautious scenario ₹662.62, optimistic scenario ₹2,133. The calculation is refreshed regularly with new filings.
What is the revenue of APL Apollo Tubes Limited (APLAPOLLO)?
APL Apollo Tubes Limited reported trailing-twelve-month revenue of about ₹231B (latest available figure, as of Sep 24, 2026).
Does APL Apollo Tubes Limited pay a dividend?
APL Apollo Tubes Limited currently shows a dividend yield of about 0.39% relative to its recent price (as of Sep 24, 2026).
What growth is priced into APL Apollo Tubes Limited (APLAPOLLO)?
For today's price to be fair in a discounted-cash-flow model, APL Apollo Tubes Limited would have to grow free cash flow by +25.6 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +23.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of APLAPOLLO use?
Our models discount APL Apollo Tubes Limited at 9.9 %: a base by market capitalisation (mega), damped by beta 0.25, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For APL Apollo Tubes Limited that is +25.6 % per year a year over ten years, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has APL Apollo Tubes Limited (APLAPOLLO) delivered so far?
Over the past 5 years revenue at APL Apollo Tubes Limited grew +23.0 % a year. The price currently implies +25.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of APL Apollo Tubes Limited (APLAPOLLO) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into APL Apollo Tubes Limited (+25.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of APL Apollo Tubes Limited (APLAPOLLO)?
The free-cash-flow yield on the price is 2.20 %: that much free cash flow APL Apollo Tubes Limited produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of APL Apollo Tubes Limited (APLAPOLLO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For APL Apollo Tubes Limited it is ₹1,229 per share (as of Sep 24, 2026), against a price of ₹2,195. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is APL Apollo Tubes Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, APLAPOLLO trades above its calculated fair value: price ₹2,195, fair value ₹1,229, a gap of about −44% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of APLAPOLLO?
No. The price is what the market pays today (₹2,195); the fair value is what the company's own numbers justify (₹1,229). For APL Apollo Tubes Limited the two are ₹966.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is APL Apollo Tubes Limited worth?
The market values APL Apollo Tubes Limited at about ₹609B (market capitalisation, as of Sep 24, 2026). Per share that is ₹2,195; our models calculate a fair value of ₹1,229 per share.
What do the bullish and bearish scenarios say about APLAPOLLO?
Our models span a range for APL Apollo Tubes Limited: cautious scenario ₹662.62, base ₹1,229, optimistic ₹2,133 per share (as of Sep 24, 2026, price ₹2,195). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of APLAPOLLO?
APL Apollo Tubes Limited trades at a price-to-earnings ratio of 50.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,229 is built from several models across several years. Other multiples: P/B 11.5, P/S 2.6, EV/EBITDA 33.5.
How solid is the balance sheet of APL Apollo Tubes Limited (APLAPOLLO)?
Balance-sheet figures for APL Apollo Tubes Limited (as of Sep 24, 2026): return on equity 25.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is APLAPOLLO from its 52-week high?
APL Apollo Tubes Limited trades at ₹2,195, about 4% below its 52-week high of ₹2,281 and 32% above the low of ₹1,660 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,229 is for.
Which stocks are comparable to APL Apollo Tubes Limited?
From the same area (Basic Materials) we also value Nucor Corporation, Steel Dynamics, Inc, JSW Steel Limited, Tata Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is APL Apollo Tubes Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹2,195, calculated fair value ₹1,229 (−44%), Quality Score 65/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of APLAPOLLO calculated?
We run APL Apollo Tubes Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,229, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. APL Apollo Tubes Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of APL Apollo Tubes Limited (APLAPOLLO)?
The closing price on Sep 23, 2026 was ₹2,195. Our model-based fair value is ₹1,229, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with APL Apollo Tubes Limited right now?
The price sits above even our optimistic bull case (₹2,133). The favourable scenario is already priced in. The model range is unusually wide (₹662.62 to ₹2,133). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of APL Apollo Tubes Limited (APLAPOLLO) come from?
Earnings per share at APL Apollo Tubes Limited grew +24.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +18.8 %, EBIT margin −0.9 %, tax rate +1.7 %, residual (interest, one-offs) +4.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of APL Apollo Tubes Limited
How large is the market capitalisation of APL Apollo Tubes Limited (APLAPOLLO)?
The market capitalisation of APL Apollo Tubes Limited is ₹609B (≈ $6.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of APL Apollo Tubes Limited (APLAPOLLO)?
The price-to-sales ratio of APL Apollo Tubes Limited is 2.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of APL Apollo Tubes Limited (APLAPOLLO)?
Earnings per share at APL Apollo Tubes Limited are ₹43.38 (price ÷ EPS = P/E 50.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of APL Apollo Tubes Limited (APLAPOLLO)?
The dividend yield of APL Apollo Tubes Limited is 0.4% (payout 19.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of APL Apollo Tubes Limited (APLAPOLLO)?
The net margin of APL Apollo Tubes Limited is 5.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of APL Apollo Tubes Limited (APLAPOLLO)?
The return on equity (ROE) of APL Apollo Tubes Limited is 25.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of APL Apollo Tubes Limited (APLAPOLLO)?
On an EBIT basis the return on assets of APL Apollo Tubes Limited is 15.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of APL Apollo Tubes Limited (APLAPOLLO)?
The operating margin of APL Apollo Tubes Limited is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at APL Apollo Tubes Limited (APLAPOLLO)?
Revenue at APL Apollo Tubes Limited is growing +13.6% versus a year earlier (3y avg +13.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at APL Apollo Tubes Limited (APLAPOLLO)?
Earnings per share at APL Apollo Tubes Limited are growing +20.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does APL Apollo Tubes Limited (APLAPOLLO) hold?
APL Apollo Tubes Limited holds more cash than debt, ₹3.9B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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