Stock Performance and Market Context
On 29 Jan 2026, APL Apollo Tubes Ltd touched an intraday high of Rs.2150, marking a 2.87% increase during the trading session. Despite this peak, the stock underperformed its sector by 1.08% on the day and experienced a slight pullback after four consecutive days of gains. The closing day change was a marginal 0.02%, indicating a consolidation phase following the recent rally.
The stock is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong upward trend. This technical positioning supports the stock’s sustained strength over multiple time horizons.
In contrast, the broader market showed signs of weakness. The Sensex opened flat with a minor gain of 24.28 points but declined sharply by 430.21 points, closing at 81,938.75, down 0.49%. The Sensex is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed medium-term market signals. Several indices, including NIFTY METAL, NIFTY PSU BANK, and NIFTY PSE, hit new 52-week highs today, highlighting sector-specific strength amid broader market volatility.
Strong Yearly Returns and Valuation Metrics
APL Apollo Tubes Ltd has delivered an impressive 37.43% return over the past year, significantly outperforming the Sensex’s 7.06% gain during the same period. The stock’s 52-week low was Rs.1273.3, illustrating a substantial appreciation in value over the last twelve months.
From a valuation perspective, the company maintains a Price to Book Value of 12.6, which is considered fair relative to its peers. The stock is trading at a discount compared to the average historical valuations of its sector, providing a relative value advantage. The Price/Earnings to Growth (PEG) ratio stands at 0.6, reflecting the company’s strong earnings growth relative to its price.
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Fundamental Strength and Profitability
APL Apollo Tubes Ltd’s strong fundamental profile is a key driver behind its market performance. The company boasts an average Return on Capital Employed (ROCE) of 27.96%, reflecting efficient capital utilisation and profitability. The half-year ROCE peaked at 27.53%, underscoring consistent operational excellence.
Net sales have grown at an annual rate of 22.70%, while operating profit has increased by 24.59%, demonstrating healthy top-line and margin expansion. The company’s ability to service debt remains robust, with a low Debt to EBITDA ratio of 0.35 times, indicating prudent financial management and low leverage risk.
In the most recent quarter, the company reported its highest quarterly net sales of Rs.5,815.13 crores and a record PBDIT of Rs.471.79 crores. Net profit growth was particularly strong at 42.9%, contributing to a series of very positive quarterly results over the last four consecutive quarters.
Institutional Confidence and Market Ranking
Institutional investors hold a significant 53.03% stake in APL Apollo Tubes Ltd, reflecting confidence from entities with extensive analytical resources. This high level of institutional ownership often correlates with market stability and informed trading activity.
The company is ranked among the top 1% of all stocks rated by MarketsMojo, with a Mojo Score of 88.0 and a Mojo Grade upgraded to Strong Buy from Buy as of 13 Oct 2025. It holds the number 2 rank across all Mid Cap stocks and the entire market, highlighting its market-beating performance and quality metrics.
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Long-Term Growth and Market Outperformance
Over the last three years, APL Apollo Tubes Ltd has consistently outperformed the BSE500 index, demonstrating sustained growth and resilience. The stock’s 37.43% return in the past year is complemented by an 80% increase in profits, underscoring strong earnings momentum.
Return on Equity (ROE) stands at 22.8%, supporting the company’s fair valuation and growth credentials. This combination of profitability, growth, and valuation metrics has contributed to the stock’s upward trajectory and recent 52-week high milestone.
While the stock has experienced a minor pullback following its four-day rally, its position above all major moving averages and strong fundamental backdrop suggest continued investor confidence in its current valuation range.
Summary
APL Apollo Tubes Ltd’s achievement of a new 52-week high at Rs.2150 marks a significant milestone reflecting its strong financial health, consistent growth, and market leadership within the Iron & Steel Products sector. Despite a broader market decline on 29 Jan 2026, the stock’s resilience and outperformance highlight its robust momentum and quality fundamentals.
With solid profitability ratios, healthy sales growth, and high institutional ownership, the company remains a standout performer in the mid-cap space. Its upgraded Mojo Grade to Strong Buy and top-tier market rankings further reinforce its status as a leading stock in its sector.
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