APL Apollo Tubes Limited

BSE:533758 Stock Report

Market Cap: ₹597.8b

APL Apollo Tubes Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Sanjay Gupta

Chief executive officer

₹43.9m

Total compensation

CEO salary percentage100.00%
CEO tenure14.4yrs
CEO ownership0.002%
Management average tenure2.8yrs
Board average tenure2.9yrs

Recent management updates

Recent updates

Narrative Update • Aug 18

533758: Disinvestment Plans Will Limit Upside As Earnings Reassessment Signals Caution

Analysts have nudged their fair value estimate for APL Apollo Tubes higher, lifting the price target from about ₹1,724 to roughly ₹1,777, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E. What's in the News APL Apollo Tubes has scheduled a board meeting on Jun 27, 2026, at 11:49 Indian Standard Time to consider a proposal for disinvestment of the entire shareholding in Blue Ocean Projects Private Limited.
Narrative Update • Aug 04

533758: Upcoming Subsidiary Exit Will Shape Future Upside Potential

The analyst price target for APL Apollo Tubes has been revised from ₹2,638 to about ₹2,727 as analysts factor in updated assumptions around revenue growth, profit margin and future P/E levels. What’s in the News for APL Apollo Tubes APL Apollo Tubes has scheduled a board meeting on Jun 27, 2026, at 11:49 Indian Standard Time to consider a proposal to disinvest the company’s entire shareholding in Blue Ocean Projects Private Limited.
Narrative Update • Jul 10

533758: Fair Outlook Balances Dividend Plans And Subsidiary Disinvestment

Analysts have lifted their fair value estimate for APL Apollo Tubes from about ₹1,502 to roughly ₹1,724, citing updated assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for APL Apollo Tubes Board meeting scheduled on May 2, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a recommendation for a final dividend on equity shares, if any.
Narrative Update • Jun 25

533758: Final Dividend And Stable Assumptions Will Support A Bullish View

Analysts have kept their fair value estimate for APL Apollo Tubes broadly unchanged at around ₹2,230 per share, with only slight tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions driving this minimal shift in the price target framework. What’s in the News for APL Apollo Tubes A board meeting is scheduled for May 2, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider a final dividend recommendation on equity shares for the 2025-26 financial year (Key Developments).
Narrative Update • Jun 10

533758: Final Dividend And Stable Assumptions Will Support A Constructive View

Analysts have kept the price target for APL Apollo Tubes broadly steady at around ₹2,230 per share, attributing this to only minor adjustments in discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their overall valuation view. What's in the News A board meeting is scheduled for May 2, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider the recommendation of a final dividend on equity shares for FY 2025-26.
Narrative Update • May 27

533758: Dividend Outlook And Slight Model Tweaks Will Support A Constructive View

Analysts have trimmed their fair value estimate for APL Apollo Tubes slightly, with the target easing from about ₹2,261 to around ₹2,230, as updated assumptions around discount rates, revenue growth, profit margins and future P/E are incorporated into their models. What's in the News The board has recommended a final dividend of ₹8.50 per equity share of face value ₹2 for the financial year ended March 31, 2026, subject to shareholder approval (Key Developments).
Narrative Update • May 02

533758: Dividend Visibility And Stable Assumptions Will Support A More Constructive Outlook

Analysts have nudged their fair value estimate for APL Apollo Tubes slightly higher to about ₹2,261 per share, up from roughly ₹2,252. This reflects marginal tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples.
Narrative Update • Apr 17

533758: Updated Return And Margin Assumptions Will Shape A More Balanced Outlook

Analysts have trimmed their fair value estimate for APL Apollo Tubes slightly from about ₹2,280 to around ₹2,250. This reflects updated assumptions on growth, margins and future P/E that feed into their refreshed price target framework.
Narrative Update • Apr 02

533758: Upcoming Results And Steady Assumptions Will Support An Undervalued Outlook

Analysts have kept their fair value estimate for APL Apollo Tubes steady at about ₹2,280 per share, with only minor tweaks to assumptions such as the discount rate, revenue growth and future P/E that do not materially change their overall view. What's in the News A board meeting is scheduled for January 22, 2026, at 12:30 Indian Standard Time to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Mar 17

533758: Upcoming Board Results Will Support A Steady And Undervalued Outlook

The analyst price target for APL Apollo Tubes has inched up by about ₹5 to ₹2,279.82, with analysts pointing to largely unchanged assumptions on revenue growth, profit margins and future P/E that still support a similar valuation profile. What's in the News Board meeting scheduled for January 22, 2026, at 12:30 Indian Standard Time to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Mar 03

533758: Upcoming Results Will Support A Steady Outlook With Slightly Firmer Assumptions

Analysts have nudged their fair value estimate for APL Apollo Tubes from ₹2,216.59 to ₹2,274.88, citing updated assumptions on the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled for January 22, 2026, at 12:30 Indian Standard Time to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
Narrative Update • Feb 16

533758: Upcoming Result Review Will Support A Slightly Firmer Yet Balanced Outlook

Analysts have raised their price target for APL Apollo Tubes from ₹2,176 to ₹2,217, reflecting updated assumptions around the discount rate, revenue growth of about 18.4%, a profit margin near 6.0% and a slightly higher future P/E multiple. What's in the News A board meeting is scheduled for January 22, 2026, at 12:30 Indian Standard Time to review and approve unaudited standalone and consolidated financial results.
Narrative Update • Feb 02

533758: Upcoming Result Review Will Support A Slightly Firmer Yet Balanced Outlook

Analysts have raised their fair value estimate for APL Apollo Tubes from ₹1,984.94 to ₹2,176.06, citing updated assumptions related to revenue growth, profit margins and future P/E levels. What's in the News Board meeting scheduled for January 22, 2026 at 12:30 Indian Standard Time to consider and approve unaudited standalone financial results for the quarter and nine month period ended December 31, 2025.
New Narrative • Jan 27

Capacity Expansion And Brand Pricing Power Will Reshape Long Term Earnings Potential

Catalysts About APL Apollo Tubes APL Apollo Tubes manufactures structural steel tubes and related steel products used across construction and industrial applications. What are the underlying business or industry changes driving this perspective?
Narrative Update • Jan 19

533758: Upcoming Result Reviews Will Support A Slightly Firmer Yet Balanced Outlook

Analysts have raised their price target on APL Apollo Tubes to ₹1,985 from ₹1,961, citing slightly higher assumptions for revenue growth, profit margins and future P/E, along with a modestly lower discount rate in their updated models. What's in the News A board meeting is scheduled on Jan 22, 2026, to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
Narrative Update • Jan 05

533758: Upcoming Results Meeting Will Support A Measured Fairly Balanced Outlook

Analysts have inched up their fair value estimate for APL Apollo Tubes from ₹1,955.47 to ₹1,961.06, reflecting small tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E. What's in the News The board meeting is scheduled for October 29, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter ended September 30, 2025, and the half year ended on the same date (Key Developments).
Narrative Update • Dec 15

533758: Upcoming Board Meeting And Dividend Will Support Bullish Outlook

Analysts have modestly maintained their price target on APL Apollo Tubes at ₹1,955.47, with the unchanged fair value reflecting their view that slightly higher discount and earnings multiples are still justified by the company’s resilient growth and stable profitability outlook. What's in the News Board meeting scheduled for October 29, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
Narrative Update • Nov 28

533758: Upcoming Board Meeting And New Auditor Will Drive Confidence

Analysts have slightly raised their price target for APL Apollo Tubes from ₹1,935.94 to ₹1,955.47, citing modest improvements in expected profit margins, which offset a slightly lower revenue growth outlook. What's in the News The board of APL Apollo Tubes will meet on October 29, 2025 to consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025 (Board Meeting).
Narrative Update • Nov 14

533758: Board Meeting, Auditor Change And Dividend To Shape Outlook

Analysts have raised their price target for APL Apollo Tubes from ₹1,917.31 to ₹1,935.94. They cited modest improvements in estimated revenue growth and a slightly higher discount rate influencing valuations.
Narrative Update • Oct 31

533758: Board Decisions And Dividend Will Support Stability Amid Sector Shifts

Narrative Update on APL Apollo Tubes: Analyst Price Target Revision Analysts have raised their price target on APL Apollo Tubes from ₹1,852.06 to ₹1,917.31. This change reflects updated views on the company’s fair value, even though analysts have projected slightly lower revenue growth and a modest decline in profit margin estimates.
Narrative Update • Sep 05

Global Capex Revival And New Capacity Will Fuel Steel Demand

Both the discount rate and future P/E for APL Apollo Tubes remained virtually unchanged, resulting in no material adjustment to the consensus analyst price target, which stays at ₹1852. What's in the News Board meeting scheduled to consider and approve unaudited standalone and consolidated financial results for the quarter ended 30th June 2025.
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New Narrative • Dec 13

Automation And Solar Steel Innovations Will Ignite Earnings Growth And Market Expansion

Targeting substantial sales growth via market expansion and new production facilities, improving revenue and market presence in East India and South including Nepal and Bhutan.

CEO Compensation Analysis

How has Sanjay Gupta's remuneration changed compared to APL Apollo Tubes's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

₹12b

Mar 31 2026n/an/a

₹12b

Dec 31 2025n/an/a

₹11b

Sep 30 2025n/an/a

₹10b

Jun 30 2025n/an/a

₹8b

Mar 31 2025₹44m₹44m

₹8b

Dec 31 2024n/an/a

₹6b

Sep 30 2024n/an/a

₹6b

Jun 30 2024n/an/a

₹7b

Mar 31 2024₹72m₹48m

₹7b

Dec 31 2023n/an/a

₹8b

Sep 30 2023n/an/a

₹8b

Jun 30 2023n/an/a

₹7b

Mar 31 2023₹35m₹35m

₹6b

Dec 31 2022n/an/a

₹6b

Sep 30 2022n/an/a

₹5b

Jun 30 2022n/an/a

₹5b

Mar 31 2022₹35m₹35m

₹6b

Dec 31 2021n/an/a

₹5b

Sep 30 2021n/an/a

₹5b

Jun 30 2021n/an/a

₹5b

Mar 31 2021₹4m₹4m

₹4b

Dec 31 2020n/an/a

₹3b

Sep 30 2020n/an/a

₹2b

Jun 30 2020n/an/a

₹2b

Mar 31 2020₹35m₹35m

₹2b

Compensation vs Market: Sanjay's total compensation ($USD459.33K) is below average for companies of similar size in the Indian market ($USD805.99K).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.

CEO

Sanjay Gupta (55 yo)

14.4yrs
Tenure

Mr. Sanjay Gupta is Non-Executive Non-Independent Chairman of Apollo Pipes Limited from August 4, 2026. He was Chairman of Apollo Pipes Limited since May 8, 2026 until August 4, 2026 and was its Additional...

Leadership Team

NamePositionTenureCompensationOwnership
Sanjay Gupta
Executive Chairman & MDno datano data0.0016%
₹ 9.7m
Chetan Khandelwal
Chief Financial Officer2.8yrs₹18.00mno data
Chakram Singh
COO & Whole-Time Directorno data₹19.40mno data
Vipul Jain
Company Secretary & Compliance Officer1.9yrs₹6.00mno data
Deepak Goyal
Whole-Time Director & Director of Operations2.8yrs₹35.80mno data
Rahul Gupta
MD of Apollo Tricoat & Directorno datano datano data
Vaibhaav Sharma
Chief Information Officer2.9yrsno datano data
Ravindra Tiwari
Chief Sales & Marketing Officerless than a yearno datano data
Anubhav Gupta
Chief Strategy Officer6.9yrsno datano data
Utkarsh Dwivedi
Chief Executive Officer of Dubai Operationsno datano datano data
Amit Thakur
Head of Procurementno datano datano data
Brajesh Nahar
Director & COO of ABPLless than a yearno datano data
2.8yrs
Average Tenure
48yo
Average Age

Experienced Management: 533758's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Sanjay Gupta
Executive Chairman & MD14.4yrsno data0.0016%
₹ 9.7m
Chakram Singh
COO & Whole-Time Director1.2yrs₹19.40mno data
Deepak Goyal
Whole-Time Director & Director of Operationsno data₹35.80mno data
Rahul Gupta
MD of Apollo Tricoat & Director5.1yrsno datano data
Rajeev Anand
Non-Executive Independent Director2.3yrs₹850.00kno data
Vinay Gupta
Non Executive Director18.3yrsno datano data
Ashok Gupta
Vice Chairman14.9yrs₹750.00k0.000030%
₹ 179.3k
Dinesh Mittal
Non-Executive Independent Director2.3yrs₹800.00kno data
Upendra Hosdurg Kamath
Independent Director2.9yrs₹850.00kno data
Dukhabandhu Rath
Independent Non-Executive Director1.2yrs₹350.00kno data
Rakesh Sharma
Independent Non-Executive Director1.2yrs₹300.00kno data
Asha Agarwal
Independent Director2.9yrs₹850.00kno data
2.9yrs
Average Tenure
63yo
Average Age

Experienced Board: 533758's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 21:25
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

APL Apollo Tubes Limited is covered by 33 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Sailesh Raja360 ONE Capital Market Private Limited
Ashwin MehtaAmbit Capital