APL Apollo Tubes Ltd (APLAPOLLO) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

APL Apollo Tubes is one of the country’s largest producer of Structural Steel Tubes. Headquartered in the Delhi NCR, the company exemplifies excellence through its state-of-the-art manufacturing facilities, which produce high-quality products and an expansive multi-tier distribution network that reaches various consumer markets.

Owing to its steadfast commitment to operating as a responsible enterprise, APL Apollo has consistently improved its rating on the Dow Jones Sustainability Index (DJSI) over several consecutive years. This dedication to environmental stewardship, combined with its unwavering pursuit of excellence, guarantees that APL Apollo continues to serve as a model of progress. It is transforming the steel industry, enhancing infrastructural frameworks and protecting the planet for a more resilient and sustainable future.

Business area of the company

The company is engaged in the business of production of Electric Resistance Welded (ERW) steel tubes. The company’s multi-product offerings include huge varieties of Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections, which make APL Apollo one of leading branded steel products manufacturers in India. 

Products of the company

• Apollo Structural: APL Apollo Tubes manufactures high-tensile strength Structural tubes which are used widely in various construction applications. It is also used in various industries including automotive, machinery, furniture etc. These sections come in various shapes and sizes and finishes. The most common among them include Rectangular Hollow Sections (RHS) and Square Hollow Sections (SHS).
• Apollo Exclusive: Apollo Exclusive unveils a future-proof range of superior steel products designed for modern dwelling. From termite-proof door frames to eco-friendly handrails, Apollo empowers customer with smarter, stronger choices.
• Apollo Standard: Apollo Standard is a range of black round tubes used in plumbing systems of buildings to carry water/steam through the HVAC, fire-fighters and structural steel construction material. Each of the brands under Apollo Standard are made for structural, fire system, and Agricultural/plumbing specific usage.
• Apollo Galv: Apollo Galv is a range of Galvanized Iron (GI) products suitable for industrial and agricultural usage. Crack-resistant and sturdy, it is made of round, square, rectangular GI tubes and ERW steel tubes that are used for structural applications in highly humid regions. Galv works well for the Greenhouse structure and agricultural system for pumping water and irrigation.
• Apollo Roofing: India’s Roofing Specialists with path-breaking roofing solution that gives structures the unmatched strength and class-apart style that they deserve.
• Apollo Forma: APL Apollo Forma is an exclusive range of innovative steel tubes designed for superior performance and ease of fabrication. Offered in unique shapes like oval, octagon, and elliptical, these eco-friendly and future-proof products are more aesthetic and cost-effective for modern applications such as fencing, gym equipment and light poles.
• Apollo Innovatione: At Apollo Innovatione, it builds construction by bringing together design, engineering, manufacturing and execution within a single, seamless framework. Backed by APL Apollo’s steel expertise and innovation-led thinking, it enables faster construction, smarter steel structures and higher efficiency at every stage.

Awards and recognitions

• 2016: APL APOLLO has won the “Fastest Growing Manufacturing Company” award at the IPF Industrial Excellence Awards.
• 2017: APL Apollo Tubes Ltd received “India’s Best Company of The Year” award received from International Brand Consulting Corporation, USA.
• 2018: APL Apollo Tubes being facilitated by CREDAI.
• 2019: Times Power Icons 2019 for North region certificate of recognition received by Sanjay Gupta (The Chairman, APL Apollo Tubes Ltd) for exemplary contribution in the field of excellence in the field of steel pipes and section.
• 2019: APL Apollo Tubes Ltd received Emerging Brand award for the Year 2019 from ABP news Brands Excellence Awards.
• 2022: Sanjay Gupta of APL Apollo bag the Times Business Awards 2022.
• 2024: APL Apollo Tubes has been awarded the prestigious 'Brand of the Decade Award 2024' in the Structural Steel category.
• 2026: APL Apollo has been certified as a Great Place To Work.

History and Milestones

1986

• Year of Incorporation
• Setting-up of the first manufacturing plant in Sikandrabad, Ghaziabad

1994-95

• Commissioned a new Galvanizing plant
• Received ISI Certification
• Listed on the Stock Exchanges (BSE & NSE)

2000-02

• Commissioned a new tube mill and modern Gallium mill
• Received ISO 9001:2000 certification

2003-04

• Developed in-house Hollow Sections across a wide range of sizes
• First in India to launch Pre-Galvanized pipes

2007-08

• Acquired Apollo Metalex Private Limited
• Awarded with Star Export House Status
• Acquired Shri Lakshmi Metal Udyog Limited in Bengaluru

2009-10

• Commissioned a plant in Hosur, Tamil Nadu
  
• A Greenfield venture with state-of-the-art mills
  
• Started multiple warehouses across India

2011-12

• Name changed to APL Apollo Tubes Limited from Bihar Tubes
  
• Received UL, CE, SGF France Certifications and other approvals
  
• Acquired Lloyds Line Pipes Limited plant near Mumbai

2013-14

• Procured CRFH Coils from JSW Steel to expand the product range
  
• Launched Door sections, Window sections, and Railing tubes

2015

• First in India to achieve a capacity of 1 MTPA in steel pipes

2016-17

• Established India’s first-ever Direct Forming Technology Line in Hosur
  
• Commissioned Greenfield facility at Raipur & Chhattisgarh with Direct Forming Technology
  
• Awarded patents for six product designs

2018-19

• Apollo Tricoat and entered into home improvement solution offerings with focused consumer products like door frames, designer tubes, electrical conduits, ceiling products

2019-20

• 40% market share in structural steel tubing industry