Apl Apollo Tubes Limited · NSE:APLAPOLLO
Apl Apollo Tubes — Q4 FY26 Earnings Presentation
37 slides from Apl Apollo Tubes's earnings presentation, May 2, 2026
Slide 1: Exchange filing cover letter
02nd May 2026 Electronic Filing National Stock Exchange of India Limited Department of Corporate Services/Listing “Exchange Plaza” Bandra-Kurla Complex, BSE Limited Bandra (E), Phiroze Jeejeebhoy Tower, Mumbai-400051 Dalal Street, Fort, Mumbai-400001 NSE Symbol : APLAPOLLO Scrip Code : 533758 Dear S
Slide 2: Earnings presentation Q4FY26
“India is ready and so we are” Revolutionizing the world of tube Tubes from 8*8mm to 1000*1000mm with 0.18mm to 40mm Thickness Earnings presentation Q4FY26 1
Slide 3: Safe Harbour
Safe Harbour Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "
Slide 4: Contents
Contents • Q4FY26 at glance • Financial Performance • Business Strategy • Demand Drivers • ESG Engagement APL APOLLO TUBES • Team APL Apollo 3
Slide 5: Architecture Of Returns
Architecture Of Returns CAGR Growth (%) 10 Year (FY16-26) 5 Year (FY21-FY26) 2 Year (FY24-26) 15% 16% 15% Sales Volume EBITDA 20% 22% 23% APL APOLLO TUBES Net Profit 28% 27% 28% 4
Slide 6: Q4FY26 At A Glance
Q4FY26 At A Glance 925k Ton ₹62.7Bn ₹5.1Bn ₹5,525 Sales Volume Revenue EBITDA EBITDA/ton 9% YoY increase 14% YoY increase 24% YoY increase 14% YoY increase 1% QoQ increase 8% QoQ increase 8% QoQ increase 7% QoQ increase 55% ₹317Mn ₹3.5Bn ₹4.1Bn Value Added Sales mix Interest Cost Net profit Cash pro
Slide 7: FY26 At A Glance
FY26 At A Glance 3,491k Ton ₹230.8 Bn ₹18.0Bn ₹5,161 Sales Volume Revenue EBITDA EBITDA/ton 11% YoY increase 12% YoY increase 50% YoY increase 36% YoY increase 58% ₹1,254 Mn ₹12.0Bn ₹ 14.3Bn Value Added Sales mix Interest Cost Net profit Cash profit FY25 was 58% 6% YoY decrease 59% YoY increase 50%
Slide 8: Highest Ever Quarterly Volume, EBITDA & PAT
Highest Ever Quarterly Volume, EBITDA & PAT Profit & Loss (Rs Mn) Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Volume (k Ton) 662 675 604 679 721 758 828 850 794 855 917 925 Revenue 45,449 46,304 41,778 47,657 49,743 47,739 54,327 55,086 51,698 52,063 58,151 62
Slide 9: Financial Performance
FINANCIAL PERFORMANCE APL APOLLO TUBES 8
Slide 10: Quarterly Revenue Mix
Quarterly Revenue Mix Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Product Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Category Application (%) (K Ton) (Rs) (%) (K Ton) (Rs) (%) (K Ton) (Rs) (%) (K Ton) (Rs) (%) (K Ton) (Rs)
Slide 11: Yearly Revenue Mix
Yearly Revenue Mix FY22 FY23 FY24 FY25 FY26 Product Sales Application Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Sales Mix Vol. EBITDA/Ton Category Mix (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) (%) (KTon) (Rs) Heavy 7 121 7,422
Slide 12: Capacity Expansion Plan By FY28
Capacity Expansion Plan By FY28 Existing capacity Greenfield & Brownfield Debottlenecking Total capacity capacity 5 Mn Ton 2 Mn Ton 1 Mn Ton Structural Steel • East (Gorakhpur, Siliguri) • South (Malur) • Plant Modernization 8 Mn Ton • Western coastal area • Replacement of Structural Steel conventio
Slide 13: Growing Strength To Strength
Growing Strength To Strength Volume (K Ton) EBITDA (Rs Mn) 925 5,110 917 4,719 4,470 4,137 3,720 850 855 794 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 EBITDA/Ton (Rs) Net Profit (Rs Mn) 5,525 3,543 3,015 3,101 APL APOLLO TUBES 5,228 2,931 5,146 2,372 4,864 4,683 Q4FY25 Q1
Slide 14: Growing Strength To Strength
Growing Strength To Strength Volume (K Ton) EBITDA (Rs Mn) 3,491 18,019 3,158 2,618 2,280 11,922 11,990 9,452 10,215 1,755 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 PAT (Rs Mn) APL APOLLO TUBES 12,031 7,324 7,570 6,190 6,419 FY22 FY23 FY24 FY25 FY26 13
Slide 15: Growing Strength To Strength
Growing Strength To Strength ROE (%) ROCE (%) 37.3 28.9 33.0 25.3 27.7 27.5 23.5 24.5 22.2 19.4 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Interest Coverage Ratio (x) Net Working Capital Days APL APOLLO TUBES 19.7 7 13.9 13.4 5 9.6 8.2 1 0 0 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 1
Slide 16: Growing Strength To Strength
Growing Strength To Strength Operating Cash Flow (Rs Bn) Net Debt/EBITDA (x) 20.0 0.2 0.2 -0.3 -0.9 11.2 12.1 9.7 -0.0 6.5 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Debt/ Equity (x) Net Debt/ (cash) (Rs Bn) APL APOLLO TUBES 0.1 0.1 -0.1 -0.3 2.0 2.4 -0.0 Net cash Net cash -0.2 -3.1 FY22
Slide 17: Growing Strength To Strength
Growing Strength To Strength Operating Cashflow to EBITDA (%) Capex to Op. Cash flow (%) 90 87 111 101 59 95 94 54 69 33 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Free Cash Flow (Rs Bn) 13.4 Du-Pont ROE (%) APL APOLLO TUBES 5 28 4 21 3 14 3.6 3.7 2 1 7 0.4 -0.6 0 0 FY21 FY22 FY23 FY24 FY25 F
Slide 18: Cash Flow Bridge (Rs Mn)
Cash Flow Bridge (Rs Mn) 20,023 1,026 -6,520 15,323 -2,253 APL APOLLO TUBES 3,047 Net cash in FY25 Op. Cash flow Capex Investments Dividend & others Net Cash in FY26 Business continues to Capex being funded from generate strong Net cash balance sheet internal cash flow operational cash flow 17
Slide 19: Profit & Loss Statement (Consol)
Profit & Loss Statement (Consol) Particulars (Rs Mn) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY25 FY26 Sales Volume (K Ton) 721 758 828 850 794 855 917 925 3,158 3,491 Net Revenue 49,743 47,739 54,327 55,086 51,698 52,063 58,151 62,692 2,06,895 2,30,790 Raw Material Costs 42,697 42,4
Slide 20: Provisional Balance Sheet & Cash flow (Consol)
Provisional Balance Sheet & Cash flow (Consol) Balance Sheet - Assets (Rs mn) FY25 FY26 Cashflow Statement (Rs mn) FY25 FY26 Cash & Bank Balance* 9,199 19,847 EBITDA 11,990 18,019 Receivables 2,673 3,507 Change in receivables -1,329 -1,026 Inventories 16,232 14,453 Change in inventory 125 1,749 Othe
Slide 21: Demand Drivers
DEMAND DRIVERS 20
Slide 22: Structural Steel Tube Applications
Structural Steel Tube Applications Application Mix 4% 13% Housing Commercial buildings 19% Infrastructure 64% Others APL APOLLO TUBES *As per FY26 revenue 21
Slide 23: India Structural Steel Tube Market Potential
India Structural Steel Tube Market Potential Structural steel tubes as % of steel Total steel consumption in India Structural steel tubes in India market (FY26) (Mn Ton) (Mn Ton) 225 18.3 10.0 9.0 9.0 8.0 8.0 168 7.0 6.0 10.0 Global Europe LAT-AM Japan Middle North India East America FY26 FY31E FY26
Slide 24: Solar Structure Opportunity For Structural Tubes
Solar Structure Opportunity For Structural Tubes Annual solar Annual APL Apollo Products installation by Segments Products market Solar structure opportunity 2030 size by 2030 Market opportunity 33.3GW for APL Apollo 830,000 Ton Solar power products by 2030 1. Residential 14.5GW Tubes 360,000 Ton Ro
Slide 25: Steel Tube Usage In Housing/Commercial Buildings
Steel Tube Usage In Housing/Commercial Buildings Housing Commercial/Infrastructure Cost (per sq ft in Homes) Cost (per sq ft in Commercial/Infra) 125 523 50 41 43 35 23 125 23 50 35 43 Steel Tubes PVC pipes Tiles Wires Cement Paints Steel PVC pipes Tiles Wires Cement Paints tubes Steel Tube applicat
Slide 26: Applications For Heavy Structural Steel Tubes
Applications For Heavy Structural Steel Tubes ● High Rise Buildings ○ Hospitals, Housing, Schools, Courts, Hotels/Malls/Offices ● Warehouses/Cold Storage/Food Parks 50 50mn sq. ft. 220,000 ton ● Factory Buildings/Process Structures projects Visibility heavy structural steel tubes ● Aviation Hangers
Slide 27: APL Apollo's ESG Transformation Journey
APL Apollo’s ESG Transformation Journey 26
Slide 28: ESG- DJSI Scoring
ESG- DJSI Scoring DJSI Percentile (%) 89 91 86 80 56 2021 2022 2023 2024 2025 APL APOLLO TUBES APL APOLLO SCORED 91TH PERCENTILE IN 2025 27
Slide 29: Scope & Emissions Reduction by 25% by 2030; Net Zero by 2050
Scope 1 & 2 Emissions Reduction by 25% by 2030; Net Zero by 2050 Scope of Purchased goods GHG Inventory Planned Initiatives: and services expanded to calculated for • RE installations in include raw materials Scope 1, 2, 3 and ABPL plant (Steel Coils) set as baseline • RE expansions in Boundary of S
Slide 30: Commitment And Achievements
Commitment And Achievements Commitments Achievements ▪ Committed to reducing Scope 1&2 emissions by 25% by 2030 E ▪ Introduced new, environmentally friendly products E ▪ Committed to set near term and Net Zero targets by 2050 E ▪ All plants have access to green energy, 2 plants have more than 85% de
Slide 31: Front Runner For Steel For Green
Front Runner For Steel For Green ▪ APL Apollo is the 1st Company to innovate readymade Doorframe, Fence, Plank and Hand rails as Steel for Green Concept which replaced conventional wood application in building construction ▪ Our Products are saving 250,000 trees every year, going ahead we will be sa
Slide 32: Steel Buildings = Decarbonization
Steel Buildings = Decarbonization ● Construction sector contributes 30% of direct and indirect Co2 emissions Steel Structure - RCC Structure ● Structural steel is preferred for steel buildings because steel is ○ Infinitely recyclable ○ Easy to pre-fabricate ○ High volume to weight ratio APL APOLLO T
Slide 33: Board of Directors
Sanjay Gupta Board of Directors Chairman & Managing Director Steel Industry veteran with 3 decades of experience Vinay Gupta Rahul Gupta Deepak Goyal Director Director Director-Operations & Group CFO More than 20 years of A promising entrepreneur with industry experience in the an experience of arou
Slide 34: Our Leadership
Our Leadership Vinay Gupta Deepak Goyal Anubhav Gupta Rahul Gupta Director-Operations & Chief Strategy Officer Director Director Group CFO APL APOLLO TUBES CK Singh Chetan Khandelwal Ravindra Tiwari Director & COO Chief Financial Officer Chief Sales & Marketing Officer Sanjay Gupta Chairman & Managi
Slide 35: Thank You
Thank You For further information, please contact: Anubhav Gupta Deepak Goyal APL Apollo Tubes Ltd APL Apollo Tubes Ltd Tel: +91 120 691 8000 Tel: +91 120 691 8000 Email: anubhav@aplapollo.com Email: deepakgoyal@aplapollo.com APL APOLLO TUBES Shubham Mittal APL Apollo Tubes Ltd Tel: +91 120 691 8000
Slide 36: Press release: Q4FY26 Financial Performance
APL Apollo Tubes Limited Regd. Office: 37, Hargobind Enclave, Vikas Marg, Delhi – 110 092 Corp. Office: SG Centre, Plot No. 37-C, Block-B, Sector-132, Noida, Distt. Gautam Budh Nagar, U.P.-201304 Q4FY26 Financial Performance • Sales volume of 924,881 Ton (+9% YoY, +1% QoQ) • EBITDA of Rs5.1bn (+24%
Slide 37: About APL Apollo Tubes Limited
About APL Apollo Tubes Limited APL Apollo Tubes Limited (APL Apollo) BSE: 533758, NSE: APLAPOLLO is India’s leading structural steel tube manufacturer. Headquartered at Delhi NCR, the Company operates 11 manufacturing facilities with a total capacity of 5 Mn Ton. It has a pan-India presence with 11