EN DE

APL Apollo Tubes Limited (APLAPOLLO) Fair Value & Analysis

Basic Materials · IN · Market cap ₹498B

AA APL Apollo Tubes Limited APLAPOLLO · NSE
Price₹1,970
Fair Value₹736.60
Upside-62.6%
Quality65/100
Watch APL Apollo Tubes Limited for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 5.2% net margin
Low debt · generates free cash flow
0.47% dividend yield
Mixed vs. peers (8/14)
Moderate moat 59/100
Evidence: High Range ₹552.45 – ₹1,597 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 23 days ago

Share price +8.9% over the past month.

A solid business, but screening 63% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,597). The favourable scenario is already priced in.
  • The model range is unusually wide (₹552.45 to ₹1,597). 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹2,281 ₹584.46 Fair Value ₹736.60 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range ₹584.46 – ₹2,281 · fair‑value band ₹552.45 – ₹1,597 · the ₹1,970 price screens above the ₹736.60 fair value. Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

APL Apollo Tubes Limited (APLAPOLLO) currently trades at ₹1,970, while our model-based Fair Value estimate is ₹736.60, implying the stock looks roughly 62.6% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, APL Apollo Tubes Limited generated revenue of ₹231B at a net margin of 5.2%. Revenue grew 13.6% year over year. It earns a return on equity of 25.3%. The balance sheet holds a net cash position of ₹3.9B. Fundamentals as of Jul 17, 2026

Our scenario range runs from ₹552.45 (bear case) to ₹1,597 (bull case); at ₹1,970, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% 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 -25% fair-value upside, at -63%, APLAPOLLO screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹835.56 ₹1,596 ₹3,197 80
Residual Income ₹315.16 ₹444.96 ₹3,025 76
Rev-Margin DCF ₹662.85 ₹1,313 ₹2,373 74
All 26 models by family
DCF Models
FCF DCF ₹885.16 ₹1,413 ₹3,141 38
Owner Earnings ₹464.61 ₹1,058 ₹2,361 31
5Y Revenue Exit ₹662.85 ₹1,150 ₹2,147 39
5Y EBITDA Exit ₹613.72 ₹1,049 ₹1,881 41
5Y P/E Exit ₹663.48 ₹1,373 ₹2,315 38
10Y Revenue Exit ₹706.46 ₹1,488 ₹2,101 36
10Y EBITDA Exit ₹693.89 ₹1,384 ₹2,633 37
10Y P/E Exit ₹730.64 ₹1,490 ₹2,800 35
Earnings-Based
Graham-Dodd ₹294.64 ₹2,055 ₹2,884 54
Lynch FV ₹713.68 ₹1,020 ₹1,325 50
PEG = 1.0 ₹713.68 ₹1,020 ₹1,325 46
EPV ₹460.70 ₹538.02 ₹606.75 59
Dividend Discount
Gordon GGM ₹55.30 ₹120.74 ₹203.15 70
DDM Multi-Stage ₹55.30 ₹98.91 ₹125.83 61
Multiples
P/E Multiple ₹552.45 ₹736.60 ₹920.75 63
P/S Multiple ₹552.45 ₹736.60 ₹920.75 58
P/B Multiple ₹429.20 ₹572.27 ₹715.34 55
EV/EBIT ₹616.59 ₹814.61 ₹1,013 53
EV/EBITDA ₹509.24 ₹671.47 ₹833.70 54
EV/Revenue ₹537.38 ₹758.03 ₹978.68 43
Asset-Based
NCAV (Graham) ₹95.38 ₹127.81 ₹190.76 50
Growth DCF
Growth DCF ₹835.56 ₹1,596 ₹3,197 80
Rev-Margin DCF ₹662.85 ₹1,313 ₹2,373 74
Economic Profit
Residual Income ₹315.16 ₹444.96 ₹3,025 76
ROIC Compounder ₹592.01 ₹884.67 ₹1,309 72
Growth Earnings
Growth-Adj P/E ₹859.98 ₹1,229 ₹1,597 68

Widest divergence: DCF Models (₹1,373) versus Dividend Discount (₹98.91). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹231B
Revenue growth (YoY) +13.6%
Net margin 5.2%
Return on equity 25.3%
Free cash flow ₹13.4B FY2026
P/E ratio 42.0
More key figures
Operating margin 7.2%
EPS (TTM) ₹43.38
Dividend yield 0.5%
EPS growth (YoY) +20.8%
Net cash ₹3.9B FY2026

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 67 · Market factors (momentum, volatility) 62

Profitability 70
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

APL Apollo Tubes Limited manufactures and sells structural steel tubes in India. The company offers structural tubes for construction, automotive, machinery, furniture, etc.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹231B
Latest YoY
+15.4%
Avg. growth/yr (3Y)
+13.8%
Avg. growth/yr (5Y)
+22.9%
Avg. growth/yr (19Y)
+28.3%
Revenue +16.3%/yr
FY22 ₹126B
FY23 ₹157B
FY24 ₹175B
FY25 ₹200B
FY26 ₹231B
Net income +18.1%/yr
FY22 ₹6.2B
FY23 ₹6.4B
FY24 ₹7.3B
FY25 ₹7.6B
FY26 ₹12.0B

APLAPOLLO screens 63% overvalued. Compare with Tata Steel Limited →

Share or link this analysis
For bloggers & editors: embed code + live data

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

Peer Group

Steel · 378 stocks

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.

Quality Score 65 · Top 25%
Fair Value upside −63% · Bottom 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 14% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 41.4× · Pricier than 75% of peers
P/B 9.40× · Pricier than 75% of peers
P/S (TTM) 2.16× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 27.3× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 20
FUTURE 68 · sector 4
PAST 100 · sector 15
HEALTH 98 · sector 95
DIVIDEND 9 · sector 41

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
SSAB AB SSABA kr 96.04 kr 72.43 -25%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%

Compare APL Apollo Tubes Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is APL Apollo Tubes Limited (APLAPOLLO) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of ₹736.60 versus a price of ₹1,970, about −63% (overvalued).
What is the fair value of APLAPOLLO?
Our model-based fair value for APL Apollo Tubes Limited is ₹736.60 (as of Jul 17, 2026), built from audited fundamentals. The current price is ₹1,970.
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 revenue of APL Apollo Tubes Limited (APLAPOLLO)?
APL Apollo Tubes Limited reported trailing-twelve-month revenue of about ₹231B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of APLAPOLLO?
The net profit margin of APL Apollo Tubes Limited is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.
Does APL Apollo Tubes Limited pay a dividend?
APL Apollo Tubes Limited currently shows a dividend yield of about 0.47% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track APL Apollo Tubes Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.