APL Apollo makes structural hollow sections (square, rectangular and round steel tubes) for construction, infrastructure and industrial use, and it is India's largest producer of these products, with a network of plants and an established brand in the category. The moat is scale and distribution: a national network of manufacturing and a large dealer base lets it serve builders who want reliable availability and consistent specifications, and that reach is hard for smaller regional mills to match. The main near-term driver is volume growth from India's infrastructure and construction spending, which underpins the 8.5% revenue growth in the data. Against that, the stock trades at 44.7 times trailing earnings and 32.2 times forward earnings, a premium that prices in continued expansion, while operating margin of 6.3% against a 15.6% gross margin leaves little room for input-cost swings in hot-rolled steel. Whether the premium is justified rests on whether volume growth can hold and margins can widen from here, which is the question worth taking into a deeper review.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
Trades are only made public after a delay. We show the delay so you know how old the news is.
Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹1912 | first publication | ₹2052 |
Answered from APL Apollo Tubes Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| APLAPOLLO.NS APL Apollo Tubes Limited | ₹2033.70 | - | - | 45.9x | - | 56 | 51 |
| JSL.NS Jindal Stainless Limited | ₹687.40 | - | - | 17.0x | - | 60 | 57 |
| NMDC.NS NMDC Limited | ₹66.35 | - | - | 7.8x | 23.4% | 91 | 57 |
| VK.PA Vallourec S.A. | €18.11 | €17 | 8% above | 13.3x | 15.8% | 64 | 61 |
| 5406.T Kobe Steel, Ltd. | ¥2018.00 | - | - | 11.8x | 5.7% | 48 | 67 |
| 5411.T JFE Holdings, Inc. | ¥1735.00 | - | - | 16.4x | 3.8% | 29 | 59 |
| SAIL.NS Steel Authority of India Limited | ₹164.34 | - | - | 15.9x | - | 67 | 67 |
Where APLAPOLLO.NS ranks against its sector peers on each metric.