Reported Earnings • May 05
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹43.34 (up from ₹27.28 in FY 2025). Revenue: ₹230.8b (up 12% from FY 2025). Net income: ₹12.0b (up 59% from FY 2025). Profit margin: 5.2% (up from 3.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. Announcement • May 02
APL Apollo Tubes Limited Recommends A Final Dividend for the Financial Year Ended March 31, 2026 The board of directors of APL Apollo Tubes Limited meeting held on May 2, 2026, recommended a final dividend of INR 8.50 per equity share of face value of INR 2 each (425%) for the financial year ended March 31, 2026. The said dividend, if declared by the members of the Company, shall be credited/dispatched to the shareholders within 30 days of declaration and any further information in this regard including record date etc. shall be given to the stock exchanges in due course. New Risk • Apr 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Apr 24
APL Apollo Tubes Limited to Report Q4, 2026 Results on May 02, 2026 APL Apollo Tubes Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 02, 2026 Reported Earnings • Jan 23
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹11.17 (up from ₹7.82 in 3Q 2025). Revenue: ₹58.2b (up 7.0% from 3Q 2025). Net income: ₹3.10b (up 43% from 3Q 2025). Profit margin: 5.3% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 15
APL Apollo Tubes Limited to Report Q3, 2026 Results on Jan 22, 2026 APL Apollo Tubes Limited announced that they will report Q3, 2026 results on Jan 22, 2026 Reported Earnings • Oct 30
Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2026 results: EPS: ₹3.83 (up from ₹1.94 in 2Q 2025). Revenue: ₹52.1b (up 9.1% from 2Q 2025). Net income: ₹3.02b (up 460% from 2Q 2025). Profit margin: 5.8% (up from 1.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
APL Apollo Tubes Limited to Report Q2, 2026 Results on Oct 29, 2025 APL Apollo Tubes Limited announced that they will report Q2, 2026 results on Oct 29, 2025 Upcoming Dividend • Aug 15
Upcoming dividend of ₹5.75 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%). Announcement • Jul 30
APL Apollo Tubes Limited, Annual General Meeting, Sep 15, 2025 APL Apollo Tubes Limited, Annual General Meeting, Sep 15, 2025. Reported Earnings • Jul 25
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: ₹8.55 (up from ₹6.96 in 1Q 2025). Revenue: ₹51.7b (up 3.9% from 1Q 2025). Net income: ₹2.37b (up 23% from 1Q 2025). Profit margin: 4.6% (up from 3.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 17
APL Apollo Tubes Limited to Report Q1, 2026 Results on Jul 24, 2025 APL Apollo Tubes Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Reported Earnings • May 08
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹27.28 (up from ₹26.40 in FY 2024). Revenue: ₹207.9b (up 15% from FY 2024). Net income: ₹7.57b (up 3.4% from FY 2024). Profit margin: 3.6% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 5.6%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
APL Apollo Tubes Limited to Report Q4, 2025 Results on May 07, 2025 APL Apollo Tubes Limited announced that they will report Q4, 2025 results on May 07, 2025 Reported Earnings • Jan 21
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹7.82 (up from ₹5.97 in 3Q 2024). Revenue: ₹54.3b (up 30% from 3Q 2024). Net income: ₹2.17b (up 31% from 3Q 2024). Profit margin: 4.0% (in line with 3Q 2024). Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 13
APL Apollo Tubes Limited to Report Q3, 2025 Results on Jan 20, 2025 APL Apollo Tubes Limited announced that they will report Q3, 2025 results on Jan 20, 2025 Reported Earnings • Oct 30
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹1.94 (down from ₹7.32 in 2Q 2024). Revenue: ₹47.7b (up 3.1% from 2Q 2024). Net income: ₹538.1m (down 74% from 2Q 2024). Profit margin: 1.1% (down from 4.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 63%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
APL Apollo Tubes Limited to Report Q2, 2025 Results on Oct 29, 2024 APL Apollo Tubes Limited announced that they will report Q2, 2025 results on Oct 29, 2024 Announcement • Oct 01
Apl Apollo Tubes Limited Announces Cessation of Virendra Singh Jain as an Independent Director APL Apollo Tubes Limited announced that Mr. Virendra Singh Jain has completed his second term and final term as an Independent Director and consequently ceased to be the Independent Director of the Company with effect from the closure of business hours on 30th September, 2024. Announcement • Sep 18
APL Apollo Tubes Limited Appoints Pankaj Sharma as the Chief Human Resource Officer APL Apollo Tubes Limited announced that the company has appointed Mr. Pankaj Sharma as the chief human resource officer (CHRO) a Senior Management Personnel, with effect from September 18, 2024. Mr. Pankaj Sharma is an accomplished HR professional with over 21 years of experience, including 12 years in leadership roles across various sectors such as IT, Telecom, Consulting, Manufacturing, and Automotive. Currently the CHRO at Rockman Industries Ltd., he has a proven track record in HR strategy, leadership development, talent management, and organizational development. His career highlights include senior roles at ANAND Automotive Private Limited and MAHLE ANAND Filter Systems, where he drove key HR initiatives, managed large teams, and contributed to organizational growth and development. Upcoming Dividend • Sep 12
Upcoming dividend of ₹5.50 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (1.6%). Announcement • Sep 02
APL Apollo Tubes Limited, Annual General Meeting, Sep 26, 2024 APL Apollo Tubes Limited, Annual General Meeting, Sep 26, 2024, at 11:00 Indian Standard Time. Announcement • Aug 31
APL Apollo Tubes Limited Proposes Final Dividend for the Financial Year Ended March 31, 2024, Payable on September 26, 2024 APL Apollo Tubes Limited proposed to declare final dividend of INR 5.50, per equity share (i.e. @275%) for the financial year ended 31st March, 2024. The Company has fixed September 19, 2024 as the "Record Date" for determining entitlement of members to the final dividend for the financial year ended March 31, 2024. The dividend, if declared at the Annual General Meeting, will be paid after 26th September, 2024, to the Members whose names are recorded in the Company's Register of Members or as Beneficial Owners in the records of the Depositories on September 19, 2024 or to their mandates, at the AGM to be held on September 26, 2024. Reported Earnings • Aug 11
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: ₹6.96 (down from ₹6.98 in 1Q 2024). Revenue: ₹50.0b (up 10.0% from 1Q 2024). Net income: ₹1.93b (flat on 1Q 2024). Profit margin: 3.9% (down from 4.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 09
APL Apollo Tubes Limited Appoints Rajeev Anand and Dinesh Kumar Mittal as A Non-Executive, Independent Director APL Apollo Tubes Limited approved by postal ballot appointment of Shri Rajeev Anand as a Non-Executive, Independent Director of the Company; Approved appointment of Mr. Dinesh Kumar Mittal, as a Non-Executive, Independent Director of the Company. Announcement • Aug 02
APL Apollo Tubes Limited to Report Q1, 2025 Results on Aug 10, 2024 APL Apollo Tubes Limited announced that they will report Q1, 2025 results on Aug 10, 2024 Announcement • Aug 01
APL Apollo Tubes Limited Announces Resignation of Deepak C S as Company Secretary and Compliance Officer, Effective August 31, 2024 APL Apollo Tubes Limited announced that Shri Deepak C S, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company, has tendered his resignation from the said position vide letter dated August 1, 2024 and he will be relieved from services of the Company from the closure of business hours on August 31, 2024. He has decided to pursue an alternate career opportunity outside the organization. His successor shall be appointed in due course and the same shall be intimated to the Stock exchanges. Reported Earnings • May 12
Full year 2024 earnings released: EPS: ₹26.40 (vs ₹23.16 in FY 2023) Full year 2024 results: EPS: ₹26.40 (up from ₹23.16 in FY 2023). Revenue: ₹181.9b (up 13% from FY 2023). Net income: ₹7.32b (up 14% from FY 2023). Profit margin: 4.0% (in line with FY 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 05
APL Apollo Tubes Limited to Report Q4, 2024 Results on May 11, 2024 APL Apollo Tubes Limited announced that they will report Q4, 2024 results at 3:30 PM, Indian Standard Time on May 11, 2024 Reported Earnings • Jan 28
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹5.97 (down from ₹6.76 in 3Q 2023). Revenue: ₹41.9b (down 3.1% from 3Q 2023). Net income: ₹1.66b (down 2.2% from 3Q 2023). Profit margin: 3.9% (in line with 3Q 2023). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 18
APL Apollo Tubes Limited to Report Q3, 2024 Results on Jan 27, 2024 APL Apollo Tubes Limited announced that they will report Q3, 2024 results on Jan 27, 2024 Reported Earnings • Oct 31
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹7.32 (up from ₹6.00 in 2Q 2023). Revenue: ₹46.5b (up 17% from 2Q 2023). Net income: ₹2.03b (up 35% from 2Q 2023). Profit margin: 4.4% (up from 3.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 22
APL Apollo Tubes Limited to Report Q2, 2024 Results on Oct 30, 2023 APL Apollo Tubes Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Price Target Changed • Oct 05
Price target increased by 7.9% to ₹1,621 Up from ₹1,501, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₹1,603. Stock is up 46% over the past year. The company is forecast to post earnings per share of ₹32.69 for next year compared to ₹23.15 last year. Upcoming Dividend • Aug 25
Upcoming dividend of ₹5.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (7.4%). Board Change • Aug 09
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 6 highly experienced directors. Joint MD & Director Rahul Gupta was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Aug 09
Price target increased by 7.0% to ₹1,493 Up from ₹1,395, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₹1,528. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹32.53 for next year compared to ₹23.15 last year. Reported Earnings • Aug 06
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: ₹6.98 (up from ₹4.28 in 1Q 2023). Revenue: ₹45.4b (up 32% from 1Q 2023). Net income: ₹1.94b (up 81% from 1Q 2023). Profit margin: 4.3% (up from 3.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
APL Apollo Tubes Limited Announces Resignation of Ameet Kumar Gupta, Independent Director APL Apollo Tubes Limited announced that at its board meeting held on August 5, 2023, took note of the resignation of Mr. Ameet Kumar Gupta, independent director of the company, who had tendered his resignation vide letter dated July 31, 2023, effective from August 5, 2023 citing increased commitments elsewhere. Announcement • Jul 28
APL Apollo Tubes Limited to Report Q1, 2024 Results on Aug 05, 2023 APL Apollo Tubes Limited announced that they will report Q1, 2024 results on Aug 05, 2023 Announcement • Jul 07
Apl Apollo Tubes Limited Announces Executive Changes APL Apollo announced the promotion and appointment of Deepak Goyal as Director - Operations along with his existing role as Group CFO. As part of the core leadership team, he will be based out of their Corporate Office in Delhi NCR. Deepak Goyal succeeds Romi Sehgal, a veteran with the Group who has now retired. As the Group CFO, Deepak Goyal led and will continue to head the financial practices along with his new responsibilities. He has 20+ years of work experience in the steel tubes industry of which the last 10 years have been with APL Apollo Group. He joined the organization in 2013 and has risen through senior leadership positions to his current role.Deepak Goyal is a qualified chartered accountant and member of ICAI. His rich experience of over 2 decades in well-known corporates including APL Apollo Group covers financial operations, treasury management, taxation,corporate strategy, marketing, operational management and overseeing corporate affairs, IT, HR and investor relations. Some of his notable achievements with the APL Group include steering the strategic amalgamation ofApollo Tricoat Tubes Limited and Shri Lakshmi Metal Udyog Limited, financial management of the entire APL Apollo group, optimum resource utilization and competitive costing. Reported Earnings • May 13
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹23.15 (up from ₹22.30 in FY 2022). Revenue: ₹162.1b (up 24% from FY 2022). Net income: ₹6.42b (up 15% from FY 2022). Profit margin: 4.0% (down from 4.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 111% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
APL Apollo Tubes Limited to Report Q4, 2023 Results on May 12, 2023 APL Apollo Tubes Limited announced that they will report Q4, 2023 results on May 12, 2023 Reported Earnings • Feb 05
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ₹6.76 (up from ₹4.62 in 3Q 2022). Revenue: ₹43.3b (up 34% from 3Q 2022). Net income: ₹1.69b (up 46% from 3Q 2022). Profit margin: 3.9% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Metals and Mining industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 03
Price target increased by 7.1% to ₹1,248 Up from ₹1,166, the current price target is an average from 13 analysts. New target price is 6.4% above last closing price of ₹1,173. Stock is up 29% over the past year. The company is forecast to post earnings per share of ₹23.76 for next year compared to ₹22.30 last year. Announcement • Jan 21
APL Apollo Tubes Limited to Report Q3, 2023 Results on Feb 02, 2023 APL Apollo Tubes Limited announced that they will report Q3, 2023 results on Feb 02, 2023 Reported Earnings • Nov 10
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: ₹6.00 (up from ₹5.26 in 2Q 2022). Revenue: ₹39.8b (up 29% from 2Q 2022). Net income: ₹1.50b (up 14% from 2Q 2022). Profit margin: 3.8% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 26
Upcoming dividend of ₹3.50 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 12 October 2022. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (6.7%). Reported Earnings • Jul 28
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: ₹4.28 (down from ₹5.90 in 1Q 2022). Revenue: ₹34.4b (up 36% from 1Q 2022). Net income: ₹1.07b (down 27% from 1Q 2022). Profit margin: 3.1% (down from 5.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 14% compared to a 2.8% decline forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth.