Loading current stock analysis…
Loading current stock analysis…
India
As of 18 Sept 2026, 03:30 pm
At the 41st AGM held on September 15, 2026, shareholders approved key resolutions including the adoption of financial statements for the year ended March 31, 2026, and the declaration of a final dividend of ₹8.50 per share. Directors were re-appointed, and the remuneration of cost auditors was ratified. However, a proposal to extend the Stock Appreciation Rights Scheme, 2019 to employees of associate companies was not approved, with 72.26% voting against it.
Yes, on September 10, 2026, APL Apollo Tubes Limited invested ₹1,00,000 to acquire a 0.2% stake in the newly incorporated SG Enterprise Solutions Private Limited. This entity is intended to function as a Group Shared Services Company, providing centralized corporate support to other group entities.
As of September 18, 2026, APL Apollo Tubes is exhibiting a bullish trend across daily, weekly, and monthly timeframes, according to its SuperTrend indicator. The stock's closing price was ₹2270.1. Over the past year, the stock has returned 34%, and year-to-date, it has returned 15%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Upward price movement of 3.28 standard deviations recorded on 2026-09-18.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | ₹5,606.71 crore | PEAK₹6,269.16 crore | ₹5,815.13 crore | ₹5,206.30 crore | ₹5,169.77 crore |
| Profit Before Tax | ₹352.43 crore | PEAK₹456.61 crore | ₹404.47 crore | ₹386.36 crore | ₹309.95 crore |
| Comprehensive Income For The Period | ₹273.22 crore | PEAK₹381.63 crore | ₹305.70 crore | ₹294.85 crore | ₹255.95 crore |
| Profit Loss For Period | ₹263.11 crore | PEAK₹354.35 crore | ₹310.04 crore | ₹301.54 crore | ₹237.17 crore |
| Income | ₹5,646.23 crore | PEAK₹6,305.65 crore | ₹5,839.85 crore | ₹5,231.37 crore | ₹5,195.34 crore |
| Tax Expense | ₹89.32 crore | PEAK₹102.26 crore | ₹94.43 crore | ₹84.82 crore | ₹72.78 crore |
Revenue from operations decreased by ₹662.45 crore (10.6%) from ₹6,269.16 crore in the March 2026 quarter (Q4 FY2026). The decline was sharper in profit before tax, which dropped by ₹104.18 crore (22.8%) from ₹456.61 crore. Compared with the June 2025 quarter, revenue grew ₹436.94 crore (8.5%) and profit before tax rose ₹42.48 crore (13.7%), indicating that the business held a higher absolute level than a year ago despite the sequential pullback.
The profit before tax margin narrowed from 7.28% in the previous quarter to 6.29% in the June 2026 quarter. Net profit margin declined from 5.65% to 4.69% over the same period. Total expenses (₹5,293.80 crore) fell 9.5% quarter‑on‑quarter, a smaller drop than the revenue decline, which contributed to the margin contraction. On a year‑on‑year basis, both margins improved from 5.99% (PBT) and 4.59% (net profit) recorded in the June 2025 quarter.
The effective tax rate increased to 25.34% (₹89.32 crore on a profit before tax of ₹352.43 crore) from 22.40% in the March 2026 quarter and 23.48% in the June 2025 quarter. As a result, net profit fell by 25.8% sequentially to ₹263.11 crore, a steeper decline than the 22.8% drop in profit before tax. Year‑on‑year, net profit grew 10.9%, slightly below the 13.7% growth in pre‑tax profit, reflecting the higher tax outgo.
Comprehensive income for the quarter was ₹273.22 crore, which was ₹10.11 crore more than net profit. The difference—other comprehensive income—was lower than the ₹27.28 crore recorded in the previous quarter and the ₹18.78 crore in the year‑ago quarter, narrowing the gap between comprehensive income and net profit.
The June 2026 quarter saw a sequential decline in revenue and profit after a very strong March 2026 quarter, with margins contracting and a higher effective tax rate further reducing net profit. Relative to the same quarter last year, both revenue and profit before tax were higher, and margins remained above the prior‑year level, though the year‑on‑year growth was partly offset by the higher tax charge.
Exchange disclosures and regulatory announcements for APL Apollo Tubes.
At APL Apollo Tubes Limited's 41st Annual General Meeting held on September 15, 2026, shareholders approved nine resolutions including the adoption of financial statements for the year ended March 31, 2026, a final dividend declaration of Rs. 8.50 per share, and the re-appointment of directors Ashok Kumar Gupta, Rahul Gupta, Asha Anil Agarwal, Hosdurg Sundar Kamath Upendra Kamath, Rajeev Anand, and Dinesh Kumar Mittal. The meeting also ratified the remuneration of cost auditors M/s. Sanjay Gupta & Associates. However, Resolution 10 to extend the Stock Appreciation Rights Scheme, 2019 benefits to employees of associate companies was defeated with 72.26% voting in favor against the required threshold.
APL Apollo Tubes Limited held its 41st Annual General Meeting on September 15, 2026, via video conferencing, with the meeting commencing at 11:00 A.M. IST and concluding at 12:24 P.M. IST. The agenda included adopting audited financial statements for the year ended March 31, 2026, declaring a final dividend of ₹8.50 per equity share (425% of face value), re-appointing directors, ratifying cost auditor remuneration, and extending the Stock Appreciation Rights Scheme to associate company employees. Voting was conducted through remote e-voting from September 12 to 14, 2026, with results to be communicated to exchanges and posted on the company's website.
On September 10, 2026, APL Apollo Tubes Limited invested ₹1,00,000 to subscribe for 10,000 equity shares at ₹10 each in the newly incorporated SG Enterprise Solutions Private Limited. This acquisition establishes a Group Shared Services Company intended to provide centralized corporate support services to participating group entities. Following this transaction, APL Apollo Tubes Limited holds a 0.2% shareholding in the new entity.
APL Apollo Tubes Limited has informed the Exchange regarding Newspaper Advertisement of completion of despatch of the Notice of 41st Annual General Meeting. |SUBJECT: Copy of Newspaper Publication
On August 21, 2026, the Deputy Commissioner (Appeals), Hosur, issued an order under Section 73 of the TNGST Act, 2017, reducing APL Apollo Tubes Limited's Goods and Services Tax demand for FY 2019-20 from ₹3,14,81,140 to ₹1,01,866. The appellate authority set aside ₹3,13,79,274 of the original demand, which was initially raised by the Commercial Tax Officer on August 30, 2024, following allegations of non-payment or reversal of GST on certain items. The company stated that this reduction has no material impact on its financials or operations.
On August 21, 2026, the Deputy Commissioner (Appeals), Hosur, issued orders reducing the Goods and Services Tax (GST) demand against APL Apollo Tubes Limited following appeals filed by the company. The appellate authority set aside a portion of the original liability, resulting in a final confirmed demand of Rs. 15,41,590 for the specific case referenced in the annexure, down from an earlier total demand of Rs. 1,01,11,740. The company disclosed that this reduction has no material impact on its financials or operations.
APL Apollo Tubes Limited has scheduled its 41st Annual General Meeting for September 15, 2026, to approve a final dividend of ₹8.50 per share for the financial year ended March 31, 2026, and ratify the remuneration of ₹6,00,000 for Cost Auditors M/s. Sanjay Gupta & Associates. The meeting will also seek shareholder approval for the re-appointment of directors Shri Ashok Kumar Gupta and Shri Rahul Gupta by rotation, alongside the re-appointment of independent directors Mrs. Asha Anil Agarwal, Shri Hosdurg Sundar Kamath Upendra Kamath, Shri Rajeev Anand, and Shri Dinesh Kumar Mittal for five-year terms. Additionally, members are asked to extend the benefits of the Stock Appreciation Rights Scheme, 2019 to employees of associate companies.
Recent market and company developments associated with APL Apollo Tubes.
In the primary market, the NSE IPO was fully subscribed, while investors continued to track subscription trends in other ongoing issues and monitor the listing performance of recently listed companies.
SG Mart said that Crisil Ratings has removed its ratings on the bank facilities of the company from 'rating watch with positive implications' and upgraded the ratings to 'Crisil AA-/Crisil A1+' from 'Crisil A/Crisil A1'.
The key equity indices ended lower on Friday after a gap-down opening, as escalating tensions in the Middle East and a sharp rise in crude oil prices weighed on investor sentiment. The sell-off eased from the day's lows, but the Nifty remained below the 23,400 level, dragged by weakness in metal and auto shares. Brent crude surged amid concerns over supply disruptions, while the US 10-year Treasury yield moved close to 5%, adding to pressure on risk assets.
As per provisional closing data, the S&P BSE Sensex tanked 120.83 points or 0.16% to 74,781.76. The Nifty 50 index lost 79.70 points or 0.34% to 23,398.10.
At 11:30 IST, the barometer index, the S&P BSE Sensex, tanked 385.82 points or 0.52% to 74,518.60. The Nifty 50 index lost 135.50 points or 0.58% to 23,342.30.
APL Apollo Tubes announced that it has incorporated an associate company, SG Enterprise Solutions, which will provide common corporate support services to participating group entities through a centralised shared services model.
Nifty has experienced a decline for four straight weeks, breaking through the crucial 24,000 support level. Experts recommend adopting a market-neutral approach to capitalize on expected volatility. Among the stocks to watch are APL Apollo Tubes and One 97 Communications, which may offer promising returns. The Bank Nifty indicates upward trends, encouraging investors to buy on dips around 56,400. Additionally, Hindustan Oil Exploration Company and Engineers India present attractive opportunities...
Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — TCPL Packaging, Innova Captab, Greenply Industries, Global Health, and Apl Apollo Tubes.
Comprehensive Section Breakdown for APL Apollo Tubes
Strategic Vision: Manufactures structural steel tubes and steel solutions.
Category: Manufacturing
Manufactures a wide array of steel solutions, including structural steel tubes and GI pipe solutions, catering to construction, infrastructure, and industrial sectors.
• Extensive distribution and supply network
• State-of-the-art manufacturing facilities
• Broad portfolio of steel solutions
APL Apollo Tubes reported revenue from operations of ₹5,606.71 crore for the quarter ended 30 June 2026, a 10.6% decline from the previous quarter’s record level but 8.5% higher than the same quarter a year earlier. Profit before tax fell 22.8% sequentially to ₹352.43 crore, yet remained 13.7% above the prior‑year period. Margins narrowed compared with the preceding quarter while staying above the year‑ago level, and a higher effective tax rate amplified the sequential decline in net profit.
APL Apollo's Q1FY27 sales volume of 744,823 tons fell 6% YoY, which Chairman Sanjay Gupta attributed to soft demand from geopolitical and macroeconomic headwinds. However, EBITDA per ton rose 18% YoY to Rs5,522, driven by an improved product mix and brand strength, leading to 11% YoY growth in both EBITDA (Rs4.1bn) and net profit (Rs2.6bn). Management expects demand to recover in coming quarters, supported by higher government infrastructure spending, and anticipates a significantly stronger second half of FY27.
Strategically, the company is executing a capacity expansion plan to reach 8 Mn Ton by FY28 from the current 5 Mn Ton, with 2 Mn Ton from new greenfield/brownfield plants in eastern, southern, and western India and 1 Mn Ton from debottlenecking. Management highlighted the structural steel tube market in India is expected to grow from 10 Mn Ton in FY26 to 18.3 Mn Ton by FY31E, with HR coil-based tubes gaining share. Additionally, the board approved the rationalization of Apollo Metalex's A-25 unit, consolidating production to other group facilities to improve efficiency and redeploy capital.
Core Thesis: The company aims to transform commodity products into value-added solutions through continuous innovation and technological advancement.
• Innovation and Technology: Drives the transformation of commodity products into value-added solutions through continuous innovation and technological advancement. • Quality and Precision Engineering: Focuses on quality and precision engineering in its state-of-the-art manufacturing facilities. • Extensive Distribution Network: Maintains an extensive distribution and supply network within India, supported by a multi-tier system for efficient delivery. • Environmental Sustainability: Dedicated to environmental sustainability in its operations.