APL Apollo Tubes Limited (APLAPOLLO) - Net Assets

Latest as of March 2026: Rs52.97 Billion INR ≈ $572.80 Million USD

Based on the latest financial reports, APL Apollo Tubes Limited (APLAPOLLO) has net assets worth Rs52.97 Billion INR (≈ $572.80 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs88.33 Billion ≈ $955.29 Million USD) and total liabilities (Rs35.37 Billion ≈ $382.49 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check APL Apollo Tubes Limited (APLAPOLLO) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs52.97 Billion
% of Total Assets	59.96%
Annual Growth Rate	35.93%
5-Year Change	114.96%
10-Year Change	635.32%
Growth Volatility	74.49

APL Apollo Tubes Limited - Net Assets Trend (2007–2026)

This chart illustrates how APL Apollo Tubes Limited's net assets have evolved over time, based on quarterly financial data. See APL Apollo Tubes Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for APL Apollo Tubes Limited (2007–2026)

The table below shows the annual net assets of APL Apollo Tubes Limited from 2007 to 2026. For live valuation and market cap data, see APLAPOLLO stock market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs52.97 Billion ≈ $572.80 Million	+25.85%
2025-03-31	Rs42.09 Billion ≈ $455.16 Million	+16.76%
2024-03-31	Rs36.05 Billion ≈ $389.83 Million	+19.93%
2023-03-31	Rs30.06 Billion ≈ $325.05 Million	+21.98%
2022-03-31	Rs24.64 Billion ≈ $266.47 Million	+34.43%
2021-03-31	Rs18.33 Billion ≈ $198.23 Million	+26.27%
2020-03-31	Rs14.52 Billion ≈ $156.98 Million	+50.57%
2019-03-31	Rs9.64 Billion ≈ $104.26 Million	+15.06%
2018-03-31	Rs8.38 Billion ≈ $90.61 Million	+16.32%
2017-03-31	Rs7.20 Billion ≈ $77.90 Million	+26.91%
2016-03-31	Rs5.68 Billion ≈ $61.38 Million	+20.22%
2015-03-31	Rs4.72 Billion ≈ $51.06 Million	+11.03%
2014-03-31	Rs4.25 Billion ≈ $45.99 Million	+15.62%
2013-03-31	Rs3.68 Billion ≈ $39.77 Million	+22.85%
2012-03-31	Rs2.99 Billion ≈ $32.38 Million	+26.51%
2011-03-31	Rs2.37 Billion ≈ $25.59 Million	+23.86%
2010-03-31	Rs1.91 Billion ≈ $20.66 Million	+15.07%
2009-03-31	Rs1.66 Billion ≈ $17.96 Million	+144.22%
2008-03-31	Rs679.84 Million ≈ $7.35 Million	+338.16%
2007-03-31	Rs155.16 Million ≈ $1.68 Million	--

Equity Component Analysis

This analysis shows how different components contribute to APL Apollo Tubes Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs555.40 Million	1.05%
Other Components	Rs52.41 Billion	98.95%
Total Equity	Rs52.97 Billion	100.00%

APL Apollo Tubes Limited Competitors by Market Cap

The table below lists competitors of APL Apollo Tubes Limited ranked by their market capitalization.

Company	Market Cap
Teleflex Incorporated NYSE:TFX	$5.62 Billion
Sunwoda Electronic SHE:300207	$5.62 Billion
Shanghai Baosight Software Co Ltd A SHG:600845	$5.62 Billion
Shareate Tools Ltd SHG:688257	$5.63 Billion
Strathcona Resources Ltd. TO:SCR	$5.61 Billion
Corcept Therapeutics Incorporated NASDAQ:CORT	$5.61 Billion
Renk Group AG XETRA:R3NK	$5.61 Billion
Celanese Corporation NYSE:CE	$5.61 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in APL Apollo Tubes Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 42,087,200,000 to 52,965,300,000, a change of 10,878,100,000 (25.8%).
Net income of 12,030,800,000 contributed positively to equity growth.
Dividend payments of 1,596,400,000 reduced retained earnings.
New share issuances of 300,000 increased equity.
Other comprehensive income decreased equity by 366,200,000.
Other factors increased equity by 809,600,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs12.03 Billion	+22.71%
Dividends Paid	Rs1.60 Billion	-3.01%
Share Issuances	Rs300.00K	+0.0%
Other Comprehensive Income	Rs-366.20 Million	-0.69%
Other Changes	Rs809.60 Million	+1.53%
Total Change	Rs-	25.85%

Book Value vs Market Value Analysis

This analysis compares APL Apollo Tubes Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 9.81x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 872.98x to 9.81x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-03-31	Rs2.14	Rs1871.60	x
2008-03-31	Rs3.35	Rs1871.60	x
2009-03-31	Rs8.74	Rs1871.60	x
2010-03-31	Rs9.41	Rs1871.60	x
2011-03-31	Rs10.79	Rs1871.60	x
2012-03-31	Rs12.77	Rs1871.60	x
2013-03-31	Rs16.87	Rs1871.60	x
2014-03-31	Rs18.48	Rs1871.60	x
2015-03-31	Rs20.14	Rs1871.60	x
2016-03-31	Rs23.49	Rs1871.60	x
2017-03-31	Rs29.95	Rs1871.60	x
2018-03-31	Rs34.77	Rs1871.60	x
2019-03-31	Rs40.16	Rs1871.60	x
2020-03-31	Rs54.89	Rs1871.60	x
2021-03-31	Rs67.78	Rs1871.60	x
2022-03-31	Rs81.68	Rs1871.60	x
2023-03-31	Rs108.35	Rs1871.60	x
2024-03-31	Rs129.92	Rs1871.60	x
2025-03-31	Rs151.72	Rs1871.60	x
2026-03-31	Rs190.80	Rs1871.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently APL Apollo Tubes Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 22.71%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.21%
• Asset Turnover: 2.61x
• Equity Multiplier: 1.67x
Recent ROE (22.71%) is above the historical average (19.32%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	43.49%	3.33%	2.52x	5.18x	Rs51.96 Million
2008	23.62%	5.87%	1.52x	2.65x	Rs92.58 Million
2009	1.53%	0.49%	1.40x	2.23x	Rs-140.66 Million
2010	15.58%	4.82%	1.56x	2.07x	Rs106.69 Million
2011	18.21%	4.76%	1.62x	2.36x	Rs194.30 Million
2012	16.39%	3.52%	1.97x	2.36x	Rs191.18 Million
2013	18.67%	3.42%	2.01x	2.71x	Rs318.67 Million
2014	13.87%	2.36%	2.17x	2.71x	Rs164.58 Million
2015	13.50%	2.06%	2.39x	2.73x	Rs165.41 Million
2016	17.72%	2.42%	2.50x	2.93x	Rs438.05 Million
2017	21.12%	4.00%	2.06x	2.57x	Rs800.80 Million
2018	18.87%	3.07%	2.36x	2.60x	Rs743.45 Million
2019	15.38%	2.15%	2.49x	2.88x	Rs518.44 Million
2020	17.55%	3.20%	2.27x	2.41x	Rs1.02 Billion
2021	21.25%	4.38%	2.42x	2.01x	Rs1.91 Billion
2022	27.34%	4.90%	2.84x	1.97x	Rs3.93 Billion
2023	21.36%	4.09%	2.68x	1.95x	Rs3.41 Billion
2024	20.32%	4.18%	2.44x	1.99x	Rs3.72 Billion
2025	17.99%	3.79%	2.63x	1.80x	Rs3.36 Billion
2026	22.71%	5.21%	2.61x	1.67x	Rs6.73 Billion

Industry Comparison

This section compares APL Apollo Tubes Limited's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $5,165,933,319
Average return on equity (ROE) among peers: 6.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
APL Apollo Tubes Limited (APLAPOLLO)	Rs52.97 Billion	43.49%	0.67x	$5.62 Billion
Ankit Metal & Power Limited (ANKITMETAL)	$-7.34 Billion	0.00%	0.00x	$2.35 Million
Bansal Wire Industries Ltd (BANSALWIRE)	$12.69 Billion	11.40%	0.71x	$519.36 Million
Bedmutha Industries Limited (BEDMUTHA)	$1.52 Billion	4.28%	3.78x	$38.75 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$708.99 Million	2.79%	1.14x	$159.24 Million
Electrotherm (India) Limited (ELECTHERM)	$-1.59 Billion	0.00%	0.00x	$147.97 Million
Grand Foundry Limited (GFSTEELS)	$-70.86 Million	0.00%	0.00x	$4.48 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$511.66 Million
Godawari Power And Ispat limited (GPIL)	$39.47 Billion	20.10%	0.31x	$1.89 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$133.55 Million	0.35%	1.68x	$139.05 Million

About APL Apollo Tubes Limited

NSE:APLAPOLLO India Steel

Market Cap

$5.62 Billion

Rs519.67 Billion INR

Market Cap Rank

#3320 Global

#148 in India

Share Price

Rs1871.60

Change (1 day)

+0.57%

52-Week Range

Rs1504.80 - Rs2280.80

All Time High

Rs2280.80