APL Apollo Tubes Ltd

Q1 FY27Industrial Products

APL Apollo Tubes Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹2,130

Market cap₹59.4K Cr

P/E48.3

Published25 Aug 2026

What the Q1 FY27 call signalled

2 of 3 strong

RevenueRank 2

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

Targeting 15% to 20% volume growth for FY27, with Q2 and subsequent quarters showing improving momentum. Targeting 20% absolute EBITDA growth for FY27 compared to FY26.

From APL Apollo Tubes Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 2

Targeting 15% to 20% volume growth for FY27, with Q2 and subsequent quarters showing improving momentum.
Q1 volume was around 7.5 lakh tons; aiming for 10 lakh tons in Q2, 10.5 lakh tons in Q3, and full capacity (5 million tons) plus new plants in Q4 targeting 12 lakh tons.
Expansion includes new plants at Gorakhpur, Siliguri, and Malur, adding approximately 2 million tons over 2.5 years, plus 1 million tons from debottlenecking.
Aim to increase value-added product share from 65% to 75-80% by end of FY28, improving margins and reducing commodity pricing volatility impact.
EBITDA growth target is 20%+ absolute growth for FY27, with margins stable around INR5,000-5,500 per ton, improving as operational leverage increases.
Long-term outlook includes capacity expansion and improving profitability from FY28 to FY30.

Profitability & Margins

Targeting 20% absolute EBITDA growth for FY27 compared to FY26.
Volume growth guidance for FY27 is 15% to 20%.
EBITDA per ton targeted to be stable between INR5,000 to INR5,500 for FY27.
Expecting gradual improvement in EBITDA per ton by INR100 to INR200 yearly, driven by rising share of value-added products.
Aim for EBITDA per ton to reach INR6,000 at 8 million ton volumes within the next 2-3 years.
New capacity expansions (Gorakhpur, Siliguri, Malur plants) will increase volumes and share of value-added products to 75-80% by December 2027.
Return on capital (ROC) target is to improve from 30% to 40%.
Expect more stable, predictable profitable growth starting FY28 Q4 onwards with completion of capacity expansions.
Overall financial performance expected to improve over next 3-4 years (FY28 to FY30).

See what APL Apollo Tubes Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

APL Apollo Tubes is putting up a 5 lakh ton plant around the Pune corridor to reduce freight cost (INR200 to INR300 per ton for Pune market) (Page 15).
New capacity expansions include:
- Gorakhpur plant (200,000 tons)
- Siliguri plant (300,000 tons)
- New Malur plant (1 million tons; value-added products with targeted EBITDA margin of INR8,000+ per ton)
- Another 0.5 million ton plant contemplated in either Maharashtra or North Karnataka
These new capacities totaling around 2 million tons are expected to come online over the next two and a half years (Page 4 and Page 18).
Capacity expansions are aimed at increasing share of value-added products to 75-80% and improving profitability.
A Group Shared Services company has been started to consolidate HR, IT, branding functions to reduce costs (Page 15).

Fundraising & Capital Structure

The document does not mention any current or future plans of fundraising through debt or equity by APL Apollo Tubes Limited as of the August 03, 2026 call. Key points related to financials are: - The company is focused on operational improvements and capacity expansion. - New plants coming online: Gorakhpur (200,000 tons), Siliguri (300,000 tons), Malur (1 million tons), plus contemplated 0.5 million tons plant. - Cash on books remains strong at around INR14-15 billion. - Working capital days remain below zero, indicating efficient capital management. - No specific mention of raising new funds via debt or equity in the near future. Therefore, based on the provided information, there is no indication of planned debt or equity fundraising at this time.

See what APL Apollo Tubes Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention specific details on the current or expected order book or pending orders for APL Apollo Tubes Limited. However, from the discussions the following points can be inferred: - July volumes reached 3 lakh tons with continued momentum expected in August and September, indicating strong demand. - New capacities at Gorakhpur (200,000 tons) and Siliguri (300,000 tons) plants are starting/restarting soon, expected to contribute to volume ramp-up in Q3 and Q4. - Expansion includes a new Malur plant (~1 million tons) and another ~0.5 million-ton plant planned in Maharashtra or North Karnataka. - Export market, especially Dubai, is recovering after logistics disruptions, contributing to volume growth. - The company is targeting full-year volume growth of 15%-20% and is confident of achieving 20% EBITDA growth. - Strong dealer restocking is driving demand, indicating a healthy order environment. No exact order book or pending order values are provided in this transcript.

How does APL Apollo Tubes Ltd rank vs peers in Industrial Products?

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ThisAPL Apollo Tubes Ltd

Rev 2Mar 3

See where APL Apollo Tubes Ltd sits in Industrial ProductsSee which companies these are, and every other name in the sector.Open rankings

APL Apollo Tubes Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹6.3K Cr, net profit ₹354 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What APL Apollo Tubes Ltd's management said in earlier quarters

Others in Industrial Products this season

SKP Bearing Industries Ltd (Q1 FY27)
SKP is steadily increasing capacity from about 80-100 tons earlier to around 1,800 tons now, operating at ~80% utilization (Page 20). Key concall takeaways…
Mitsu Chem Plast (Q1 FY27)
Q1 FY27 showed strong profitability with EBITDA margin improving to 16.29% and net profit margin to 9.18%. Key concall takeaways from Mitsu Chem Plast Ltd's Q1…
Simplex Castings Ltd (Q1 FY27)
Current capacity expansion planned for 300-350 crores revenue, further growth through organic or inorganic expansion. Key concall takeaways from Simplex…
Astral Ltd (Q1 FY27)
Q1 FY27 plumbing value growth: 10.1%; volume flat for the quarter but strong growth post-April (Page 6, 26) . Key concall takeaways from Astral Ltd's Q1 FY27…

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Frequently Asked Questions

What were APL Apollo Tubes Ltd Q1 FY27 results?

Targeting 15% to 20% volume growth for FY27, with Q2 and subsequent quarters showing improving momentum. Targeting 20% absolute EBITDA growth for FY27 compared to FY26.

What is APL Apollo Tubes Ltd share price analysis?

APL Apollo Tubes Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 48.3 with a market cap of ₹59,391 Cr. Investors should review the full earnings analysis for detailed insights.

Is APL Apollo Tubes Ltd planning capital expenditure?

APL Apollo Tubes is putting up a 5 lakh ton plant around the Pune corridor to reduce freight cost (INR200 to INR300 per ton for Pune market) (Page 15).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.