APL Apollo Tubes Ltd.
APLAPOLLOIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20200704 | 2020-06-30 | yes | |
| TRANSCRIPT | 20220518 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220802 | 2022-06-30 | yes | |
| TRANSCRIPT | 20230206 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230518 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230810 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231102 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240201 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240515 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240814 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241104 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250123 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250513 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250726 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251101 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260127 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260506 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260805 | 2026-06-30 | yes |
APLAPOLLO
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 2,184.80 |
| 52-week range | 1660.1 – 2280.8 |
| Return 1M | 2.13% |
| Return 3M | 21.82% |
| Return 1Y | 30.34% |
| Return 3Y | 41.62% |
| Return 5Y | 144.34% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 5,607.00 |
| Other income | 40.00 |
| Total income | 5,646.00 |
| Cost of materials consumed | 4,687.00 |
| Purchases of stock-in-trade | 236.00 |
| Changes in inventories | -206.00 |
| Employee benefit expense | 106.00 |
| Finance costs | 39.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.28 | 0.00 |
| institutions foreign | 0.35 | -0.02 |
| institutions domestic | 0.19 | 0.03 |
| mutual funds | 0.14 | 0.02 |
| public | 0.72 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,969.00 | 4,327.00 | 4,431.00 | 4,545.00 | 4,630.00 | 4,178.00 | 4,766.00 | 4,974.00 | 4,774.00 | 5,433.00 | 5,509.00 | 5,170.00 | 5,206.00 | 5,815.00 | 6,269.00 | 5,607.00 |
| Other income | 12.00 | 9.00 | 18.00 | 22.00 | 20.00 | 15.00 | 19.00 | 25.00 | 15.00 | 22.00 | 35.00 | 26.00 | 25.00 | 25.00 | 36.00 | 40.00 |
| Total income | 3,981.00 | 4,336.00 | 4,449.00 | 4,567.00 | 4,650.00 | 4,193.00 | 4,784.00 | 4,999.00 | 4,789.00 | 5,454.00 | 5,544.00 | 5,195.00 | 5,231.00 | 5,840.00 | 6,306.00 | 5,646.00 |
| Cost of materials consumed | 3,246.00 | 3,718.00 | 3,978.00 | 3,738.00 | 3,963.00 | 3,859.00 | 3,809.00 | 4,088.00 | 4,091.00 | 4,087.00 | 4,301.00 | 4,133.00 | 4,354.00 | 4,572.00 | 4,508.00 | 4,687.00 |
| Purchases of stock-in-trade | 77.00 | 108.00 | 78.00 | 17.00 | 84.00 | 52.00 | 104.00 | 178.00 | 89.00 | 448.00 | 511.00 | 190.00 | 139.00 | 329.00 | 530.00 | 236.00 |
| Changes in inventories | 152.00 | -57.00 | -274.00 | 166.00 | -69.00 | -326.00 | 220.00 | 4.00 | 62.00 | 128.00 | -116.00 | 58.00 | -151.00 | -1.00 | 229.00 | -206.00 |
| Employee benefit expense | 47.00 | 55.00 | 59.00 | 60.00 | 63.00 | 64.00 | 70.00 | 80.00 | 87.00 | 90.00 | 75.00 | 93.00 | 89.00 | 93.00 | 96.00 | 106.00 |
| Finance costs | 14.00 | 19.00 | 25.00 | 27.00 | 27.00 | 28.00 | 31.00 | 28.00 | 36.00 | 37.00 | 32.00 | 33.00 | 28.00 | 33.00 | 32.00 | 39.00 |
| Depreciation and amortisation | 28.00 | 35.00 | 47.00 | 41.00 | 41.00 | 47.00 | 47.00 | 46.00 | 47.00 | 50.00 | 58.00 | 54.00 | 58.00 | 59.00 | 59.00 | 59.00 |
| Other expenses | 216.00 | 230.00 | 266.00 | 257.00 | 264.00 | 248.00 | 283.00 | 323.00 | 307.00 | 335.00 | 323.00 | 324.00 | 329.00 | 350.00 | 394.00 | 372.00 |
| Total expenses | 3,779.00 | 4,107.00 | 4,180.00 | 4,306.00 | 4,373.00 | 3,974.00 | 4,563.00 | 4,747.00 | 4,719.00 | 5,174.00 | 5,185.00 | 4,885.00 | 4,845.00 | 5,435.00 | 5,849.00 | 5,294.00 |
| Profit before exceptional items and tax | 202.00 | 229.00 | 269.00 | 261.00 | 277.00 | 219.00 | 221.00 | 252.00 | 70.00 | 280.00 | 359.00 | 310.00 | 386.00 | 404.00 | 457.00 | 352.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 202.00 | 229.00 | 269.00 | 261.00 | 277.00 | 219.00 | 221.00 | 252.00 | 70.00 | 280.00 | 359.00 | 310.00 | 386.00 | 404.00 | 457.00 | 352.00 |
| Current tax | 52.00 | 56.00 | 67.00 | 73.00 | 67.00 | 51.00 | 47.00 | 59.00 | 10.00 | 54.00 | 52.00 | 67.00 | 82.00 | 90.00 | 96.00 | 69.00 |
| Deferred tax | 0.00 | 3.00 | 0.00 | -6.00 | 7.00 | 2.00 | 4.00 | 0.00 | 6.00 | 9.00 | 14.00 | 6.00 | 3.00 | 5.00 | 6.00 | 20.00 |
| Tax expense | 52.00 | 60.00 | 67.00 | 67.00 | 74.00 | 53.00 | 51.00 | 59.00 | 16.00 | 63.00 | 66.00 | 73.00 | 85.00 | 94.00 | 102.00 | 89.00 |
| Profit for the period | 150.00 | 169.00 | 202.00 | 194.00 | 203.00 | 166.00 | 170.00 | 193.00 | 54.00 | 217.00 | 293.00 | 237.00 | 302.00 | 310.00 | 354.00 | 263.00 |
| Profit attributable to owners | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | — | 0.00 |
| Profit attributable to non-controlling interests | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | — | 0.00 |
| Other comprehensive income | 3.00 | -2.00 | -6.00 | 10.00 | 6.00 | -5.00 | -9.00 | 6.00 | -19.00 | 23.00 | -24.00 | 19.00 | -7.00 | -4.00 | 27.00 | 10.00 |
| Total comprehensive income | 153.00 | 167.00 | 196.00 | 204.00 | 209.00 | 161.00 | 162.00 | 199.00 | 34.00 | 240.00 | 269.00 | 256.00 | 295.00 | 306.00 | 382.00 | 273.00 |
| Earnings per share, basic | 6.00 | 6.76 | 7.28 | 6.98 | 7.32 | 5.97 | 6.14 | 6.96 | 1.94 | 7.82 | 10.56 | 8.55 | 10.86 | 11.17 | 12.76 | 9.48 |
| Earnings per share, diluted | 5.41 | 6.10 | 7.27 | 6.98 | 7.31 | 5.97 | 6.14 | 6.96 | 1.94 | 7.82 | 10.56 | 8.54 | 10.86 | 11.17 | 12.76 | 9.48 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 7,152.00 | 7,723.00 | 8,500.00 | 13,063.00 | 16,166.00 | 18,119.00 | 20,690.00 | 23,079.00 |
| Other income | 12.00 | 22.00 | 36.00 | 40.00 | 47.00 | 75.00 | 96.00 | 112.00 |
| Total income | 7,164.00 | 7,745.00 | 8,536.00 | 13,104.00 | 16,213.00 | 18,194.00 | 20,786.00 | 23,191.00 |
| Cost of materials consumed | 6,289.00 | 6,598.00 | 7,160.00 | 10,910.00 | 14,313.00 | 15,369.00 | 16,567.00 | 17,716.00 |
| Purchases of stock-in-trade | 107.00 | 117.00 | 68.00 | 250.00 | 287.00 | 257.00 | 1,226.00 | 1,657.00 |
| Changes in inventories | -88.00 | -136.00 | -62.00 | 63.00 | -582.00 | -9.00 | 78.00 | 136.00 |
| Employee benefit expense | 108.00 | 142.00 | 130.00 | 153.00 | 206.00 | 258.00 | 332.00 | 370.00 |
| Finance costs | 113.00 | 107.00 | 66.00 | 44.00 | 67.00 | 113.00 | 133.00 | 125.00 |
| Depreciation and amortisation | 64.00 | 96.00 | 103.00 | 109.00 | 138.00 | 176.00 | 201.00 | 231.00 |
| Other expenses | 344.00 | 525.00 | 527.00 | 742.00 | 920.00 | 1,052.00 | 1,288.00 | 1,398.00 |
| Total expenses | 6,937.00 | 7,449.00 | 7,990.00 | 12,272.00 | 15,350.00 | 17,216.00 | 19,825.00 | 21,633.00 |
| Profit before exceptional items and tax | 227.00 | 296.00 | 546.00 | 832.00 | 863.00 | 978.00 | 960.00 | 1,557.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 227.00 | 296.00 | 546.00 | 832.00 | 863.00 | 978.00 | 960.00 | 1,557.00 |
| Current tax | 65.00 | 66.00 | 129.00 | 207.00 | 218.00 | 238.00 | 175.00 | 335.00 |
| Deferred tax | 14.00 | -25.00 | 9.00 | 7.00 | 3.00 | 7.00 | 29.00 | 19.00 |
| Tax expense | 79.00 | 40.00 | 138.00 | 213.00 | 221.00 | 245.00 | 203.00 | 354.00 |
| Profit for the period | 148.00 | 256.00 | 408.00 | 619.00 | 642.00 | 732.00 | 757.00 | 1,203.00 |
| Profit attributable to owners | — | 238.00 | 360.00 | 557.00 | — | 0.00 | — | — |
| Profit attributable to non-controlling interests | — | 18.00 | 48.00 | 62.00 | — | 0.00 | — | — |
| Other comprehensive income | 9.00 | 1.00 | 1.00 | 3.00 | -16.00 | 2.00 | -15.00 | 39.00 |
| Total comprehensive income | 157.00 | 257.00 | 409.00 | 622.00 | 626.00 | 735.00 | 742.00 | 1,242.00 |
| Earnings per share, basic | 62.47 | 97.17 | 28.91 | 22.30 | 23.15 | 26.40 | 27.28 | 43.34 |
| Earnings per share, diluted | 61.76 | 96.32 | 28.81 | 22.26 | 23.14 | 26.40 | 27.28 | 43.34 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 4,963.00 | 5,852.00 | 6,300.00 | 7,187.00 | 7,227.00 | 7,596.00 | 8,309.00 | 8,833.00 |
| Non-current assets | 2,927.00 | 3,294.00 | 3,535.00 | 3,845.00 | 4,145.00 | 4,413.00 | 4,444.00 | 4,979.00 |
| Current assets | 2,037.00 | 2,538.00 | 2,765.00 | 3,341.00 | 3,049.00 | 3,183.00 | 3,865.00 | 3,852.00 |
| Property, plant and equipment | 1,615.00 | 2,349.00 | 2,724.00 | 3,031.00 | 3,219.00 | 3,370.00 | 3,476.00 | 3,740.00 |
| Capital work-in-progress | 774.00 | 374.00 | 360.00 | 203.00 | 217.00 | 336.00 | 312.00 | 328.00 |
| Goodwill | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 |
| Other intangible assets | 1.00 | 1.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Inventories | 1,093.00 | 1,480.00 | 1,363.00 | 1,638.00 | 1,679.00 | 1,623.00 | 1,934.00 | 1,445.00 |
| Trade receivables | 105.00 | 0.00 | 145.00 | 139.00 | 225.00 | 267.00 | 281.00 | 351.00 |
| Cash and cash equivalents | 128.00 | 123.00 | 365.00 | 345.00 | 105.00 | 369.00 | 437.00 | 644.00 |
| Total equity and liabilities | 4,963.00 | 5,852.00 | 6,300.00 | 7,187.00 | 7,227.00 | 7,596.00 | 8,309.00 | 8,833.00 |
| Equity | 2,628.00 | 3,006.00 | 3,280.00 | 3,605.00 | 3,849.00 | 4,209.00 | 4,606.00 | 5,297.00 |
| Equity share capital | 50.00 | 55.00 | 55.00 | 56.00 | 56.00 | 56.00 | 56.00 | 56.00 |
| Other equity | 2,578.00 | 2,950.00 | 3,225.00 | 3,549.00 | 3,793.00 | 4,153.00 | 4,550.00 | 5,241.00 |
| Total liabilities | 2,335.00 | 2,846.00 | 3,019.00 | 3,582.00 | 3,378.00 | 3,388.00 | 3,704.00 | 3,537.00 |
| Non-current liabilities | 667.00 | 666.00 | 878.00 | 1,087.00 | 817.00 | 757.00 | 681.00 | 668.00 |
| Current liabilities | 1,669.00 | 2,180.00 | 2,141.00 | 2,495.00 | 2,561.00 | 2,630.00 | 3,023.00 | 2,869.00 |
| Borrowings, non-current | 442.00 | 408.00 | 594.00 | 787.00 | 500.00 | 409.00 | 318.00 | 261.00 |
| Borrowings, current | 510.00 | 465.00 | 562.00 | 338.00 | 502.00 | 206.00 | 377.00 | 192.00 |
| Trade payables | 1,069.00 | 1,597.00 | 1,320.00 | 1,982.00 | 1,886.00 | 2,231.00 | 2,362.00 | 2,368.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 434.00 | 690.00 | 522.00 | 1,112.00 | 134.00 | 1,213.00 | 600.00 | 2,103.00 |
| Net cash from investing activities | -731.00 | -876.00 | -399.00 | -916.00 | -173.00 | -375.00 | -395.00 | -1,394.00 |
| Net cash from financing activities | 261.00 | 145.00 | 119.00 | 27.00 | -201.00 | -815.00 | -137.00 | -438.00 |
| Purchase of property, plant and equipment | 399.00 | 862.00 | 404.00 | 695.00 | 407.00 | 722.00 | 311.00 | 696.00 |
| Net increase in cash | -36.00 | 123.00 | 243.00 | 222.00 | -240.00 | 24.00 | 68.00 | 275.00 |
| con:CFO.BEFORE_TAX | 529.00 | 906.00 | 614.00 | 1,330.00 | 240.00 | 1,401.00 | 715.00 | 2,401.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 95.00 | 216.00 | 92.00 | 218.00 | 106.00 | 188.00 | 115.00 | 298.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 25.00 | 27.00 | 6.00 | 5.00 | 11.00 | 36.00 | 3.00 | 7.00 |
| con:INVESTMENTS_SOLD | 0.00 | 5.00 | 66.00 | 1.00 | 0.00 | 0.00 | 106.00 | 0.00 |
| con:PPE_DISPOSALS | 5.00 | 20.00 | 0.00 | 33.00 | 1.00 | 0.00 | 4.00 | 44.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 31.15 | 30.62 | 29.67 | 29.57 | 29.44 | 28.33 | 28.32 | 28.31 | 28.31 | 28.31 | 0.28 | 0.28 | 0.28 | 0.28 |
| Domestic institutions | 11.08 | 12.73 | 12.69 | 13.76 | 14.06 | 14.90 | 15.90 | 16.50 | 16.74 | 16.83 | 0.19 | 0.20 | 0.16 | 0.19 |
| Mutual funds | — | — | — | — | — | — | — | — | 11.65 | 11.65 | 0.14 | 0.15 | 0.12 | 0.14 |
| Insurance companies | 1.93 | 2.29 | 2.51 | 3.20 | 3.35 | 3.42 | 3.35 | 3.39 | 3.46 | 3.73 | 0.03 | 0.03 | 0.03 | 0.03 |
| Foreign institutions | 25.72 | 25.08 | 28.66 | 29.25 | 30.69 | 31.55 | 31.94 | 31.72 | 31.78 | 33.05 | 0.34 | 0.33 | 0.38 | 0.35 |
| Public | 68.85 | 69.38 | 70.33 | 70.43 | 70.56 | 71.67 | 71.68 | 71.69 | 71.69 | 71.69 | 0.72 | 0.72 | 0.72 | 0.72 |
| Non-institutional | 32.05 | 31.58 | 28.98 | 27.42 | 25.81 | 25.22 | 23.84 | 23.46 | 23.17 | 21.80 | 0.19 | 0.19 | 0.18 | 0.18 |
| Shares outstanding | 277330814 | 277330814 | 277330814 | 277524564 | 277524564 | 277524564 | 277524564 | 277524564 | 277524564 | 277524564 | 277636026 | 277636026 | 277658405 | 277658405 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| APL Apollo Building Products Private Limited | Wholly Owned Subsidiary | Any other transaction, Interest received, Loan, Purc | 9,765,000,000.00 | 11 |
| Apollo Metalex Private Limited | Wholly Owned Subsidiary | Any other transaction, Purchase of goods or services | 9,203,300,000.00 | 8 |
| APL Apollo Tubes Company LLC | Wholly Owned Subsidiary | Any other transaction, Interest received, Sale of go | 1,240,600,000.00 | 9 |
| Blue Ocean Projects Private Limited | Wholly Owned Subsidiary | Any other transaction, Interest received, Loan | 187,400,000.00 | 8 |
| APL Apollo Foundation | Mr. Sanjay Gupta, Mr. Vinay Gupta | Any other transaction | 89,300,000.00 | 1 |
| SG Green Logistics Private Limited | Mr. Vinay Gupta is director | Any other transaction, Purchase of goods or services | 73,300,000.00 | 10 |
| Sanjay Gupta | Chairman and Managing Director | Remuneration | 41,000,000.00 | 1 |
| Vinay Gupta | Managing Director of Subsidiary Co | Remuneration | 28,200,000.00 | 1 |
| Rahul Gupta | Managing Director of Subsidiary Co | Remuneration | 16,400,000.00 | 1 |
| Deepak Goyal | Whole Time Director | Remuneration | 8,700,000.00 | 1 |
| Apollo Pipes Limited | Mr. Sanjay Gupta is part of promot | Any other transaction, Purchase of goods or services | 8,200,000.00 | 7 |
| APL Apollo Mart Limited | Wholly Owned Subsidiary | Interest received, Loan | 7,000,000.00 | 2 |
| Chetan Khandelwal | Chief Financial Officer | Remuneration | 6,000,000.00 | 1 |
| SG Ornate Solar Solutions Private Limited | Mr. Rohan Gupta is Director and me | Any other transaction, Purchase of fixed assets | 4,600,000.00 | 2 |
| Rohan Gupta | Whole Time Director of Subsidiary | Remuneration | 2,500,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-05 | Q1FY27 | APL APOLLO TUBES LIMITED, APOLLO TUBES LIMITED, TUBES LIMITED | Read the call |
| 2026-05-06 | Q4FY26 | APL APOLLO TUBES LIMITED, TUBES LIMITED | Read the call |
| 2026-01-27 | Q3FY26 | APL APOLLO TUBES LIMITED, TUBES LIMITED, abnormal growth. | Read the call |
| 2025-11-01 | Q2FY26 | APL APOLLO TUBES LIMITED, TUBES LIMITED | Read the call |
| 2025-07-26 | Q1FY26 | APL APOLLO TUBES LIMITED, APOLLO TUBES LIMITED | Read the call |
| 2025-05-13 | Q4FY25 | Read the call | |
| 2025-01-23 | Q3FY25 | APL APOLLO TUBES LIMITED | Read the call |
| 2024-11-04 | Q2FY25 | APL APOLLO TUBES LIMITED, APOLLO TUBES LIMITED | Read the call |
| 2024-08-14 | Q1FY25 | APL APOLLO TUBES LIMITED | Read the call |
| 2024-05-15 | Q4FY24 | APL APOLLO TUBES LIMITED | Read the call |
| 2024-02-01 | Q3FY24 | MANAGEMENT LIMITED | Read the call |
| 2023-11-02 | Q2FY24 | LIMITED | Read the call |
| 2023-08-10 | Q1FY24 | Read the call | |
| 2023-05-18 | Q4FY23 | Read the call | |
| 2023-02-06 | Q3FY23 | APL APOLLO TUBES LIMITED | Read the call |
| 2022-08-02 | Q1FY23 | CHIEF, DEEPAK, PRIVATE LIMITED | Read the call |
| 2022-05-18 | Q4FY22 | APL APOLLO TUBES LIMITED | Read the call |
| 2020-07-04 | Q1FY21 | APL APOLLO TUBES LIMITED, LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | And because we still did CAPEX of around 500 crores for the 9 months which was mainly funded from internal cash flows, the debt increased slightly bec… | The residual capex for these new plants and to reach 5 million tons is around INR6 billion, which will be funded from internal cash flows over the nex… | Now, most of the capex is behind us, right? | 6.5 billion helped us to fund the CAPEX in Raipur and from Brownfield expansion which made our full year CAPEX of Rs. | And because of the strong cash flow generation, the capex we did last year was 8.4 billion INR. | Other than that, what we have achieved is 2,400 of capacity expansion program, which has taken our capacity to almost 4 million tons, right as at Marc… | 300 crore for maintenance CAPEX for 3 years. | Our capex commitments, new land acquisition, new product development, distribution announcement in East India, that everything remains on track so tha… |
| Capital allocation | My first point is that I should complete these 2,0000 crores and I am targeting FY25 liability free or debt free balance sheet and apart from that I a… | — | — | — | — | And also, any plans of any sort of a buyback which can happen over the medium term? | — | Either increase the dividend or do a buyback. |
| Costs | Number two basket in the structure to be in the world it is the best and number three our capacity of purchase of raw material is also excellent globa… | If you look at the expanded capacity in Raipur, which is 1.2 million tons, the utilization rate is 55%, it would have been higher in Q3, but because o… | So industry has adopted this that the increase or decrease in raw material prices should be easily passed on to the customers. | So, far our problem was that when our market was running that time we have a shortage of raw material, but when we have raw material then we did not h… | If you look at our inventory, that is like almost 30 days which is right from the sourcing of raw material to the processing and dispatching. | May 13, 2024 construction products like secondary steel, like Rebars, like steel angles and channels, like aluminum profiles, wooden structures, a HR … | Boss, we can't get anything comment on this subject because a lot of matter, they are also supplied to us for the raw material. | May 04, 2026 Number one being, the shortage of raw material steel from the Indian mills and also the global supply chain got disrupted. |
| Debt and cash | The other highlight is a slight increase in our working capital to 9 days in the December Quarter. | January 20, 2025 balance sheet, it remains near debt zero, which is obviously backed by efficient working capital management, now that has been proven… | So total investment to expand our capacity from 5 million to 8 million tons is around INR1,500 crores, and this will be funded from internal cash flow… | May 13,2022 and this operating cash flow of Rs. | But the debtor days came further down and we continue to sustain at a single digit working capital cycle. | May 13, 2024 mentioned with the steel plant that how much discounts we get or don’t get in cash flow, either it is better to go for the buyback or eit… | Apart from that, we are doing 4 plants of 2.5 lakhs per ton each in value-addition which will be in 2030 depending on the cash flow and the balance sh… | And, and yes, there were, because there were some better payment terms from the creditors, that also helped our, our cash flow generation. -- And then… |
| Demand | So, two questions Sanjay ji firstly on demand side and then the on the supply side. | And thirdly is the ongoing discounting, which we shall pull off once we see strong demand pull in the end market, which right now is missing. | Earlier when the sales were less then the goods were going from one place to another to fulfill the customer demand. | Fifth is the update on Delhi hospital project which were started last year so you could see some of the photographs and the presentation that we work … | Mr. Anubhav Gupta (00:17:09): So, see our products are sold through distribution channel, okay we are not dependent on lumpy project B2B business wher… | Other than that, the construction boom cycle on which India right now is sitting whether it is in terms of the record, presales order book with the re… | Given the unprecedented volatility in the steel price and given overall challenging demand condition especially considering the fact that this happen … | And Anubhav, you also said about the demand weakness or probably de-stocking. |
| Guidance | Now the sales volume of 1.94 million tons if we analyze it, it comes out to be 2.6 million tons for the full year, which is of course lower than our i… | So, we expect that Indian macro situation should improve in the coming quarters as the government starts spending. | We are also working on a lot of cost control measures, which Sanjayji will elaborate on later in the call, so that we are able to achieve the 5,500-to… | So, our inventory management, our debtor collection everything remains good and on track the way we are guiding that our overall working capital cycle… | The ROCE was 29%, the ROE was 24%, this was slightly lower YoY, but because of our heavy investments into Raipur plant, which has just started, and th… | After the elections are over we expect all the private builder order book which is related to the pre sales or infra projects where we are already wor… | The capacity, you said the growth rate of 20% plus over next 3 years, but your own calculation suggests that it should be better than that because cur… | And any changes in the guidance because of the current situation that you may want to give out? |
| Margin | The EBITDA is up 30% YoY, and the net profit is also up 30% YoY. | Now talking about the margins, what levers we see are, number one, operating leverage benefits as we ramp up our capacity, which today stands at aroun… | And with such high inventory churn and better EBITDA spreads and volume growth, our ROCE, which right now stands at 33%, it would also further expand … | So, we will see the overall positive impact on our earnings as well on our EBITDA margin. | It impacted building material space and APL Apollo tubes as well with channel de-stocking and some margin pressure due to a push sales strategy when o… | May 13, 2024 So, these were the factors which actually impacted our FY24, but if we look at the overall performance with 15% volume growth, 17% EBITDA… | I can explain you the growth is around 20% because you know that economy and the scenario is not helping us and we are also pressure to maintain the m… | Despite, April month being slow in terms of volume, this beginning of May is also kind of similar to what trend we saw in April, but in terms of profi… |
| People | So, talking about the heavy structural tubes: Now, if you look at the ramp up when we started the mill in the month of Feb, March and till December th… | Now that plant is operating at 58% utilization, if we look at the third quarter volume. | So we have successfully tested our 5 million ton capacity, achieving almost 90% utilization in December 2025. | Third product is heavy structural tube with size of 500 square diameter so this is extension of our existing portfolio into heavy structural tube cate… | So, you would see that we started ramping up plant from Q1 FY23 onwards, and by the time of Q4, we did 73,000 tons in volume, which was, if you analyz… | The second question is essentially, is it possible to quantify the capacity utilization at Raipur plant for Q4 and for the year and Dubai plant? | Now, I just wanted to understand what is our current capacity utilization in both these segments and what gives us confidence to launch capacities in … | Our Dubai operations are operating at 40% utilization right now because of the on-going crisis there. |
| Pricing | Then the third reason is the steel price inflation in the domestic market which persisted throughout the year although we had thought with the commiss… | So how do you see narrow-width HR coil pipes as a market, because there are competitors emerging from that area as well and the pricing is very much s… | So there is no assumption on the HR coil pricing. | Third benefit is that we are getting is the better pricing policy in South market over other markets because our volumes are already secured by the la… | Is it better pricing or how do we see this, sir? | — | — | The maximum price increase was 1st April. |
| Revenue growth | — | We want to take a growth of at least minimum 20%. | So basically, I think fundamentally, the most important change in strategic focus that we have last year, and which I think is providing superior outc… | If you are taking internal guidelines according to the market our guidelines I think EBITDA growth of Rs. | Some of the highlights we would like to share are for FY23, the volume growth was 30% to almost 2.3 million tons. | — | — | — |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-05-18 | Q4FY22 | APL APOLLO TUBES LIMITED | Our core business is manufacturing and distribution this is what we are sticking to and we expect this investment of 1.8 billion out of which 750 worth of shares having got from the promoters and rest 1.1 billion will be infused in Shankara over the next 18 months through warrant conversion. |
| 2024-08-14 | Q1FY25 | APL APOLLO TUBES LIMITED | And based on these factors, we are confident that we should be doing 3.2 million tons of sales volume for FY '25, which is in line with our guidance for this year. |
| 2024-08-14 | Q1FY25 | APL APOLLO TUBES LIMITED | So I guess, 4 quarters down the line, we will be sitting on 5 million ton sellable capacity, which we will -- which we target to utilize by FY '27. |
| 2024-11-04 | Q2FY25 | APL APOLLO TUBES LIMITED | From these three plants, we expect an additional market of around 1.5 million tons on an annual basis and we should be able to ramp up our volumes from these plants over the next 2 to 3 years. |
| 2024-11-04 | Q2FY25 | APL APOLLO TUBES LIMITED | For next year, we maintain our sales volume guidance of 4 million tons and 5 million tons by FY27. The margin shall expand to normalized level of Rs. |
| 2026-08-05 | Q1FY27 | APL APOLLO TUBES LIMITED | August 03, 2026 And second half, the macro factors should come into play in positive manner which will boost second half performance for Apollo better than H1 and it will give us it will give us room to achieve our annual guidance of 20% EBITDA growth and the new capacity expansion which will start coming in phases from second half of this year till FY28, we will we will we will continue to improve our financial performance over the next three to four years from FY28 to FY30. That's all from our side. |