About APL Apollo Tubes Limited

APL Apollo Tubes Limited is a public limited company incorporated on February 24, 1986, and listed on BSE and NSE. The Company is engaged in the production of ERW steel tubes and is headquartered in Delhi with a corporate office in Noida. APL Apollo positions itself as India’s No. 1 structural steel tube player, with 11 manufacturing facilities, a 4.5 Mn Ton manufacturing capacity and more than 3,000 product SKUs as of March 31, 2025. The Company reported a 55% market share and operates with a pan-India footprint alongside its presence in the United Arab Emirates. Its distribution network spans 800+ distributors, 50,000+ retailers and 2,00,000+ fabricators/architects/engineers, supported by branch offices and warehouses to ensure timely deliveries across India. The portfolio covers a wide size range—from 8×8 mm to 1,000×1,000 mm—and thicknesses from 0.18 mm to 40 mm, addressing applications from light furniture tubes to heavy structural columns and beams.

The Company has five wholly owned subsidiaries (four in India and one in the UAE) and does not have associates or joint ventures. Key milestones include a strategic shift to a Cash-and-Carry model in 2020, which helped compress the working capital cycle towards zero days, and the Company has maintained low single digit working capital days for the fifth consecutive year . Sales volume surpassed 3.1 Mn Ton in FY25, reflecting the Company’s scale in structural steel tubes.

APL Apollo Tubes Limited Key Management

• Sanjay Gupta, Chairman & Managing Director

• Deepak Kumar, Director (Operations) & Group CFO

• C. K. Singh, Director & Chief Operating Officer

• Chetan Khandelwal, Chief Financial Officer

• Vipul Jain, Company Secretary & Compliance Officer

Latest Updates on APL Apollo Tubes Limited

• Operating performance: In Q4 FY25, APL Apollo delivered its highest-ever quarterly revenue and profitability. Sales volume reached 8,50,447 Ton, with EBITDA up 48% year-on-year and net profit up 72% year-on-year. The quarter also saw continued contributions from Raipur and Dubai value-added lines, while working capital days remained at or near zero.

• Capacity and network expansion: The Company is setting up four greenfield facilities at Malur (Karnataka), Kolkata (for the Northeast), Gorakhpur (serving Eastern Uttar Pradesh, Bihar and Odisha) and Bhuj (Gujarat) to deepen regional penetration and improve supply chain efficiency.

• Raipur and Dubai progress: The Raipur facility, with a capacity of approximately 1.2 Mn Ton, houses four distinct lines (two innovation-led and two value-added). In Dubai, four advanced lines now produce a broad range from 15×15 mm to 300×300 mm, following the commissioning of two lines last year and activation of two more in FY25.

• Product innovation: APL Apollo introduced specialised structural solutions for the solar energy sector, including a thicker pre-coated sheet as an alternative to galvanised sheets and a custom product for solar tracker systems.

• Subsidiary developments: Apollo Metalex Limited and APL Apollo Building Products Limited were converted from private to public limited companies during FY25, reflecting corporate structuring progress within the Group 

• Credit ratings: ICRA upgraded the long-term rating to AA+ with a Stable outlook and reaffirmed A1+ for short-term instruments; CRISIL confirmed AA/Positive and A1+; CARE’s ratings were reaffirmed and subsequently withdrawn at the Company’s request .