APL Apollo Tubes Limited stands as India's largest structural steel tubes and pipes manufacturing company, redefining the landscape of construction in India since 1986. The company operates as the largest producer of structural steel tubes in India, with a capacity of 2.6 million tons per annum, though recent expansion has increased this to 4.5 million tonnes across 11 manufacturing facilities.
Headquartered in Delhi NCR, the company operates manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections. The company serves diverse industry applications including urban infrastructure, housing, irrigation, solar plants, greenhouses, and engineering projects.
APL Apollo has established a comprehensive product portfolio across multiple segments. As of FY24, the company's product portfolio comprises Apollo Structural (68% of revenues), Apollo Z (28%), and Apollo Galv (4%). The company produces a wide range of steel tubes and pipes, including black and galvanised pipes, rectangular and square hollow sections, pre-galvanised pipes, and hot-rolled steel tubes, alongside value-added products such as roofing solutions, window sections, and cold-rolled formed sections.
APL Apollo is well known for its popular brands such as Apollo, Zenith, and Super Strong. The company has strategically positioned itself as a one-stop solution provider for structural steel requirements across various construction and industrial applications.
The company has demonstrated strong financial performance with consistent growth trajectory. APL Apollo Tubes Ltd has a market capitalisation of Rs 50,771 crore as of recent reports. For Q4 FY25, the company reported a net profit of ₹293.11 crore, marking a 71.96% increase from ₹170.44 crore in Q4 FY24, with revenue from operations reaching ₹5,508.60 crore, up 15.58% from the previous year.
For the full fiscal year FY25, APL Apollo reported revenue from operations of ₹19,996.29 crore, up from ₹17,506.89 crore in FY24, representing a 14.22% year-over-year growth. The company's net profit for FY25 was ₹757.06 crore compared to ₹732.44 crore in FY24.
Key financial metrics include:
- Q4 FY25 Net Profit: ₹293.11 crore (71.96% YoY growth)
- Q4 FY25 Revenue: ₹5,508.60 crore (15.58% YoY growth)
- FY25 Net Profit: ₹757.06 crore
- FY25 Revenue: ₹19,996.29 crore (14.22% YoY growth)
The company achieved its highest ever quarterly sales volume of 721KTon in Q1FY25, demonstrating strong operational performance. For Q1 FY26, APL Apollo reported a 10% year-on-year increase in sales volume, reaching 7,94,350 tonnes.
The board has approved a capital expenditure of Rs 1,500 crore to expand manufacturing capacity from 4.5 million tonnes to 6.8 million tonnes, indicating aggressive expansion plans. The company is aiming for 5 million tons capacity by FY27 with new plants in Siliguri, Gorakhpur, and Ahmedabad.
Under the dynamic leadership of Sanjay Gupta, APL Apollo is recognized as the largest and most innovative producer of structural steel tubes and pipes in India. For over three decades, APL Apollo has revolutionized the structural steel tubes manufacturing industry, pioneering sustainable alternatives both domestically and globally.
The company believes in pioneering change through superior cutting-edge technology and innovation. APL Apollo's distribution network spans across India, with warehouses and branch offices in 29 cities, ensuring comprehensive market coverage.
The company caters extensively to domestic regions and exports to over 20 countries globally. Export growth is projected to increase from 110,000 tons in FY24 to 200,000-250,000 tons in FY25, demonstrating the company's expanding international footprint.
APL Apollo Tubes stock hit an all-time high of Rs 1,922.35 on June 6, 2025, reflecting strong bullish sentiment. The company announced a final dividend of Rs 5.75 per share for FY25, demonstrating strong cash generation capabilities.
The company achieved a significant milestone by maintaining a net cash balance sheet as of March 31, 2024, showcasing strong financial discipline. Management aims for a debt-free balance sheet by FY25.
APL Apollo continues to focus on capacity expansion, product innovation, and market penetration strategies to maintain its leadership position in India's structural steel tube industry. The company's strong financial performance, expanding capacity, and strategic initiatives position it well for sustained growth in the evolving construction and infrastructure sectors.
