APL Apollo Tubes Ltd

Q4 FY26Industrial Products

APLAPOLLO Q4 FY26 Results & Concall Highlights: Key Takeaways

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹1,788

Market cap₹52.5K Cr

P/E43.6

Published3 Jul 2026

What the Q4 FY26 call signalled

1 of 3 strong

RevenueRank 3

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

- FY '27 volume growth target: 15% to 20% (Sanjay Gupta). - FY '27 volume growth target: 15% to 20% (with downside risk down to 15%) - EBITDA growth guidance: 20% to 25% - PAT growth guidance: 25% to 30% - EBITDA per ton expected to sustain between INR

From APL Apollo Tubes Ltd's Q4 FY26 earnings-call transcript · updated 3 Jul 2026.

Revenue & Sales Performance

Rank 3

FY '27 volume growth target: 15% to 20% (Sanjay Gupta).
EBITDA growth guidance for FY '27: 20% to 25%.
PAT growth target for FY '27: 25% to 30%.
April volumes were muted due to raw material shortage but expected to improve in May and June with volumes potentially reaching 3.0 lakh tons in May and 3.5 lakh tons in June.
Capacity expansion underway, with new plants in East India and Bangalore planned over the next 1-2 years to support market share gains and growth.
Current growth targets factor in challenges like LPG shortage and energy constraints; however, if the situation worsens significantly, guidance will be re-evaluated.
Market share increased to 65% from 55% in FY '26, indicating potential for further growth through capacity build and branding.
Overall outlook expects steady volume and margin improvement supported by better product mix and cost rationalization.

Profitability & Margins

FY '27 volume growth target: 15% to 20% (with downside risk down to 15%)
EBITDA growth guidance: 20% to 25%
PAT growth guidance: 25% to 30%
EBITDA per ton expected to sustain between INR 5,000 to INR 5,500 based on 2 years track record
Margin improvement driven by better product mix, brand premium, and cost efficiencies
Focus on margin protection amid volume fluctuations due to market uncertainties
Capital allocation likely to include increased dividends or buybacks as net liabilities reduce
Capacity expansion planned, funded internally, to support mid-to-long-term growth and market share gains

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

Capital Expenditure Plans

Yes

APL Apollo Tubes Limited's total pending capex plan is around INR 1,400 - 1,500 crores for an 8 million ton capacity expansion, to be completed in the next 2 to 2.5 years.
Annual capex target for FY '27 is around INR 500 - 600 crores, fully funded from internal cash flows without leveraging the balance sheet.
New plants are being set up in East India and South India (Bangalore/Malur 2 plant) to increase capacity and capture market share, especially in regions where the company previously had limited presence.
The focus is on capacity building as a mid-to-long-term growth strategy.
Strategic investment also includes increased spending on branding to strengthen market presence and support margin growth.
No significant leverage is planned; investments are primarily using internal accruals.

Fundraising & Capital Structure

There is no mention of any current or future fundraising through debt or equity in the provided transcript.
The company emphasizes strong internal cash flows funding capex, with no need for additional leveraging.
Significant capex for capacity expansion (e.g., INR 1,400-1,500 crores for 8 million ton capacity) is planned to be fully funded from operating cash flows over the next 2-2.5 years.
The company has reduced net liabilities to around INR 500 crores, expecting to eliminate them in Q1 and Q2 of FY27.
Post debt elimination, surplus cash will potentially be utilized for dividends or buybacks, not for raising further funds.
Overall, the company seems focused on organic growth funded by internal accruals with no immediate plans for raising funds via debt or equity.

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

Order Book & Pipeline

The provided pages from the APL Apollo Tubes Limited document do not mention any details about the current or expected order book or pending orders. The discussion mainly revolves around: - Impact of LPG shortage on production. - Market share gains and capacity building plans. - Volume and EBITDA growth guidance. - Inventory reduction and cash flow improvements. - Demand environment and margin sustainability. - Operational challenges including raw material shortage and energy crisis. - Capex plans and financial strength utilization. No specific data or commentary on the size or status of the order book or pending orders is provided in the available transcript.

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

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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.

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

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Frequently Asked Questions

What were APL Apollo Tubes Ltd Q1 FY27 results?

What is APL Apollo Tubes Ltd share price analysis?

APL Apollo Tubes Ltd currently shows a below-average growth signal. The stock trades at a P/E of 43.6 with a market cap of ₹52,483. Investors should review the full earnings analysis for detailed insights.

Is APL Apollo Tubes Ltd planning capital expenditure?

- APL Apollo Tubes Limited's total pending capex plan is around INR 1,400 - 1,500 crores for an 8 million ton capacity expansion, to be completed in the next 2 to 2.5 years.

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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.