Stock Performance and Market Context
On 3 Feb 2026, APL Apollo Tubes Ltd (Stock ID: 361277) recorded an intraday high of Rs.2176.2, representing a 4.67% gain from the previous close. The stock opened with a gap up of 4.67% and has maintained an upward trajectory, registering a 1.92% gain on the day. This marks the third consecutive day of gains, with a cumulative return of 3.49% over this period. The stock’s performance today was broadly in line with the Iron & Steel Products sector, which advanced by 2.06%.
APL Apollo Tubes is trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong technical momentum. This upward trend contrasts with the broader market, where the Sensex, after a gap up opening of 3,656.74 points, retreated by 1,361.15 points to trade at 83,962.05, down 2.81%. The Sensex remains 2.62% shy of its own 52-week high of 86,159.02 and is currently trading below its 50-day moving average.
Long-Term Returns and Relative Strength
Over the past year, APL Apollo Tubes Ltd has delivered a remarkable total return of 46.37%, significantly outperforming the Sensex’s 8.82% gain over the same period. The stock’s 52-week low was Rs.1273.3, underscoring the substantial appreciation in value over the last twelve months. This performance places the company among the top performers in the mid-cap segment and across the broader market.
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Fundamental Strength Underpinning the Rally
APL Apollo Tubes Ltd’s recent rally is supported by strong fundamental metrics. The company boasts an average Return on Capital Employed (ROCE) of 27.96%, reflecting efficient capital utilisation. Its net sales have grown at an annualised rate of 22.70%, while operating profit has expanded at 24.59%, indicating healthy top-line and margin growth.
In the latest quarterly results, the company reported net sales of Rs.5,815.13 crores and a PBDIT of Rs.471.79 crores, both the highest recorded to date. Net profit surged by 42.9% in the December 2025 quarter, marking the fourth consecutive quarter of positive earnings growth. The half-year ROCE stood at 27.53%, further emphasising operational efficiency.
Valuation and Debt Metrics
APL Apollo Tubes Ltd maintains a conservative capital structure with a low Debt to EBITDA ratio of 0.35 times, underscoring its strong ability to service debt. The company’s Return on Equity (ROE) is 22.8%, and it trades at a Price to Book Value of 12.6, which is considered fair relative to its peers. Notably, the stock is trading at a discount compared to the average historical valuations of its sector peers.
The company’s PEG ratio stands at 0.6, reflecting attractive valuation relative to its earnings growth, which has risen by 80% over the past year. Institutional investors hold a significant 53.03% stake in the company, indicating strong confidence from well-resourced market participants.
Market Recognition and Ratings
APL Apollo Tubes Ltd is rated as a Strong Buy by MarketsMojo, with a Mojo Score of 88.0, upgraded from a Buy rating on 13 Oct 2025. It holds the highest rank across all mid-cap stocks and is positioned in the top 1% of over 4,000 stocks rated by MarketsMojo. The company’s market cap grade is 2, reflecting its mid-cap status with robust growth prospects and financial health.
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Sector and Peer Comparison
The Iron & Steel Products sector, including Steel, Sponge Iron, and Pig Iron, has gained 2.06% on the day, with APL Apollo Tubes Ltd outperforming the sector average. The stock’s consistent outperformance over the last three years, one year, and three months relative to the BSE500 index highlights its market-beating credentials.
Despite broader market volatility and the Sensex’s retreat, APL Apollo Tubes Ltd’s share price has demonstrated resilience and strength, supported by solid fundamentals and positive earnings momentum.
Summary of Key Metrics
To summarise, APL Apollo Tubes Ltd’s key performance indicators include:
- New 52-week high price: Rs.2176.2
- One-year return: 46.37%
- Net sales growth (annualised): 22.70%
- Operating profit growth (annualised): 24.59%
- Net profit growth (latest quarter): 42.9%
- ROCE (average): 27.96%
- Debt to EBITDA ratio: 0.35 times
- Institutional holdings: 53.03%
- Mojo Score: 88.0 (Strong Buy)
These figures collectively underpin the stock’s recent rally and its attainment of a new 52-week high, reflecting both operational strength and market confidence.
Conclusion
APL Apollo Tubes Ltd’s rise to Rs.2176.2 marks a significant milestone in its stock market journey, driven by strong earnings growth, solid fundamentals, and sustained buying momentum. The stock’s performance stands out within the Iron & Steel Products sector and the broader market, supported by favourable financial metrics and institutional backing.
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