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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
226 announcements match the current filters (relevance ≥ 5).
Apollo Micro Systems Recommends ₹0.25 Dividend and Approves FY26 Audited Results
Apollo Micro Systems has approved its audited financial results for the fiscal year ended March 31, 2026, with a clean (unmodified) audit opinion. The Board recommended a final dividend of ₹0.25 per equity share (25% of face value) for shareholder approval. Significant management changes were announced, including the appointment of Mr. G. Seshadri Vasan as Company Secretary effective June 1, 2026. Additionally, the company has re-appointed its cost and internal auditors for the 2026-2027 financial year to ensure continuity in compliance.
Key Highlights
Recommended a final dividend of ₹0.25 per equity share of face value ₹1 for FY 2025-26.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Statutory auditors issued an audit report with an unmodified opinion, confirming financial transparency.
Appointed Mr. G. Seshadri Vasan as Company Secretary & Compliance Officer starting June 1, 2026.
Re-appointed M/s G H Reddy & Associates and M/s E Sateesh Reddy & Associates as Cost and Internal Auditors respectively.
👀 What to Watch
Investors should review the full financial statements for growth metrics, while the dividend and clean audit report provide confidence in the company's governance.
Apollo Micro Systems Reports Zero Deviation in Utilization of Rs 185.13 Cr Preferential Issue Funds
Apollo Micro Systems has confirmed that there was no deviation or variation in the utilization of funds raised through its preferential issue for the quarter ended March 31, 2026. The company successfully utilized Rs 185.13 Crores, which represented the 75% warrant application money received in the preceding quarter. While the total issue size was revised downward to Rs 742.25 Crores from Rs 816.08 Crores due to a shortfall in receipts, the allocation remains proportional to the original objects. The funds are being deployed across working capital, R&D for futuristic technologies, and general corporate purposes.
Key Highlights
Confirmed zero deviation in the use of proceeds for the quarter ended March 31, 2026, as per SEBI Regulation 32.
Utilized Rs 185.13 Crores during the quarter, which was previously pending listing approvals.
Total estimated issue proceeds revised to Rs 742.25 Crores from the original Rs 816.08 Crores due to shortfall in receipts.
Allocated Rs 454.77 Crores toward working capital requirements and Rs 68.21 Crores for R&D expenditure.
Monitoring agency Acuite Ratings and Research Limited and the Audit Committee have reviewed and approved the statement.
👀 What to Watch
Investors should take this as a sign of transparent corporate governance and adherence to stated fund-raising objectives. No immediate action is required as the company is deploying capital toward its core growth areas like R&D and working capital.
Apollo Micro Systems Approves FY26 Results, Recommends 0.25 Paisa Dividend per Share
Apollo Micro Systems has approved its audited financial results for the fiscal year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion. The Board has recommended a final dividend of 0.25 paisa per equity share of face value Rs 1, which is a 0.25% payout. Significant management changes were announced, including the appointment of Mr. G. Seshadri Vasan as the new Company Secretary effective June 1, 2026. The company also confirmed the re-appointment of its cost and internal auditors for the upcoming 2026-27 fiscal year.
Key Highlights
Recommended a final dividend of Re 0.0025 (0.25 paisa) per equity share for the financial year 2025-26.
Statutory auditors issued an unmodified audit report for both standalone and consolidated financial statements.
Appointed Mr. G. Seshadri Vasan as Company Secretary & Compliance Officer effective June 1, 2026.
Re-appointed M/s G H Reddy & Associates as Cost Auditors and M/s E Sateesh Reddy & Associates as Internal Auditors for FY 2026-27.
👀 What to Watch
Investors should examine the full financial statements for year-on-year growth in revenue and margins once the detailed report is available. The nominal dividend suggests the company is likely retaining capital for internal growth and expansion.
Apollo Micro Systems Approves FY26 Results; Recommends 0.25 Paisa Final Dividend
Apollo Micro Systems has approved its audited standalone and consolidated financial results for the fiscal year ending March 31, 2026, with the statutory auditors providing an unmodified opinion. The Board recommended a final dividend of 0.25 paisa (Re 0.0025) per equity share of face value Rs 1. Significant management changes were announced, including the appointment of Mr. G. Seshadri Vasan as the new Company Secretary effective June 1, 2026. Additionally, the company has re-appointed its cost and internal auditors for the upcoming 2026-2027 financial year.
Key Highlights
Recommended a final dividend of 0.25 paisa (Re 0.0025) per equity share of face value Rs 1 for FY 2025-26.
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Statutory auditors issued an audit report with an unmodified opinion, indicating no major accounting discrepancies.
Appointed Mr. G. Seshadri Vasan as Company Secretary & Compliance Officer effective June 1, 2026, following the resignation of Ms. Rukhya Parveen.
Re-appointed M/s G H Reddy & Associates and M/s E Sateesh Reddy & Associates as Cost and Internal Auditors for FY 2026-27.
👀 What to Watch
The recommended dividend is nominal; investors should focus on the detailed financial statements to evaluate revenue growth and margin sustainability. Monitor the company's operational performance in the defense and electronics sectors as the primary driver for stock valuation.
Apollo Tyres Q4 FY26 Revenue Up 14.2% YoY; EBITDA Margins Expand to 14.6%
Apollo Tyres reported a strong Q4 FY26 with consolidated revenue growing 14.2% YoY to INR 73,357 Mn, driven by robust demand in the Indian replacement and OE markets. EBITDA margins expanded significantly by 153 bps to 14.6%, resulting in a 27.6% YoY growth in EBITDA to INR 10,688 Mn. The company successfully reduced its net debt to INR 16 Bn, bringing the Net Debt/EBITDA ratio down to a healthy 0.4x. While the European segment saw a slight revenue dip in Euro terms, the premium product mix (UHP) improved to 50%, supporting overall profitability.
Key Highlights
Consolidated Q4 FY26 Revenue rose 14.2% YoY to INR 73,357 Mn with EBITDA up 27.6% to INR 10,688 Mn.
Net Debt significantly reduced by INR 9 Bn during the year to INR 16 Bn, with Net Debt/EBITDA improving to 0.4x.
India operations saw 14.3% YoY revenue growth, supported by record TBR replacement volumes and GST rate benefits.
Free Cash Flow improved to INR 20 Bn in FY26 compared to INR 13 Bn in the previous fiscal year.
European UHP (Ultra High Performance) tyre mix improved to 50% of sales, aiding margin resilience.
👀 What to Watch
Investors should note the strong deleveraging and margin expansion as signs of high operational efficiency. The stock remains a solid pick in the auto ancillary space given the robust domestic demand and healthy balance sheet.
Apollo Tyres FY26 PAT Jumps to ₹18,518 Mn; Total Dividend Declared at ₹6.00 Per Share
Apollo Tyres reported a robust FY26 with standalone revenue rising to ₹198,162 million from ₹181,736 million in FY25. Net profit for the full year saw a massive increase to ₹18,518 million, significantly supported by a deferred tax credit of ₹5,041 million in the final quarter. The company has rewarded shareholders with a total dividend of ₹6.00 per share for the fiscal year, representing a 600% payout on face value. Additionally, the board approved the re-appointment of Ms. Lakshmi Puri as an Independent Director for a second five-year term.
Key Highlights
Standalone FY26 Revenue from operations increased by 9% YoY to ₹198,162.28 million.
Full-year Net Profit surged to ₹18,517.69 million, compared to ₹6,294.28 million in FY25.
Recommended a final dividend of ₹2.50 per share, bringing the total FY26 dividend to ₹6.00 per share.
Q4 FY26 PAT was significantly boosted by a deferred tax credit of ₹5,040.57 million.
Earnings Per Share (EPS) for FY26 rose substantially to ₹29.22 from ₹9.91 in the previous year.
👀 What to Watch
The strong bottom-line growth and healthy dividend yield are positive indicators, though investors should account for the one-time tax benefit when evaluating core operational performance. The stock remains a strong contender in the auto-ancillary space for long-term portfolios.
Apollo Tyres FY26 Net Profit Surges to ₹18,518 Mn; Total Dividend Declared at ₹6/Share
Apollo Tyres reported a robust financial performance for FY26, with standalone net profit nearly tripling to ₹18,517.69 million from ₹6,294.28 million in the previous year. Revenue from operations grew by 9% year-on-year to reach ₹198,162.28 million. The board has recommended a final dividend of ₹2.50 per share, which, combined with the interim dividend, brings the total payout for FY26 to ₹6.00 per share. Additionally, the company has proposed the re-appointment of Ms. Lakshmi Puri as an Independent Director for a second five-year term.
Key Highlights
Standalone Net Profit for FY26 jumped to ₹18,517.69 million, up from ₹6,294.28 million in FY25.
Annual Revenue from operations increased to ₹198,162.28 million compared to ₹181,736.12 million in the previous fiscal.
Total dividend for FY26 declared at ₹6.00 per share (600%), including a final dividend recommendation of ₹2.50.
Standalone Basic EPS saw a significant rise to ₹29.22 from ₹9.91 in the prior year.
Ms. Lakshmi Puri re-appointed as Independent Director for a second 5-year term effective October 29, 2026.
👀 What to Watch
The strong growth in profitability and substantial dividend payout reflect improved operational efficiency and a healthy balance sheet. Investors should consider this a positive signal for long-term value creation and may maintain or increase positions based on the company's improved earnings trajectory.
Apollo Tyres Recommends Rs 2.50 Final Dividend; Total FY26 Dividend Reaches Rs 6.00
Apollo Tyres has recommended a final dividend of Rs 2.50 per share for FY26, bringing the total dividend for the year to Rs 6.00 per share. The company reported a massive surge in standalone annual net profit, reaching Rs 18,517.69 million compared to Rs 6,294.28 million in FY25. Annual standalone revenue grew 9% year-on-year to Rs 198,162.28 million. The board also approved the re-appointment of Ms. Lakshmi Puri as an Independent Director for a second five-year term starting October 2026.
Key Highlights
Recommended final dividend of Rs 2.50 per share (250%), totaling Rs 6.00 for FY26 including interim.
Standalone Net Profit for FY26 surged 194% YoY to Rs 18,517.69 million.
Annual Standalone Revenue increased to Rs 198,162.28 million from Rs 181,736.12 million in FY25.
Q4 FY26 Standalone Net Profit stood at Rs 9,033.73 million, a significant jump from Rs 1,491.63 million in Q4 FY25.
Basic Earnings Per Share (EPS) for FY26 improved significantly to Rs 29.22 from Rs 9.91.
👀 What to Watch
Investors should find the substantial profit growth and healthy dividend payout encouraging for long-term holding. The sharp improvement in EPS and operational revenue suggests strong business momentum.
Apollo Tyres FY26 Net Profit Surges to ₹18,518 Million; Total Dividend Declared at ₹6/Share
Apollo Tyres reported a strong performance for FY26, with standalone revenue growing 9% YoY to ₹1,98,162 million. The company's net profit saw a substantial increase to ₹18,518 million, significantly aided by a deferred tax credit of ₹5,040 million in the final quarter. Shareholders are rewarded with a total dividend of ₹6 per share for the fiscal year, including a final dividend of ₹2.50. Notably, the company strengthened its balance sheet by reducing its paid-up debt capital from ₹28,928 million to ₹23,257 million.
Key Highlights
Standalone Revenue for FY26 rose 9% YoY to ₹198,162.28 million compared to ₹181,736.12 million in FY25.
Net Profit for FY26 reached ₹18,517.69 million, up from ₹6,294.28 million in the previous year.
Total dividend for FY26 declared at ₹6.00 per share (600% on face value of ₹1).
Paid-up debt capital reduced significantly by 19.6% to ₹23,257.22 million.
Standalone EPS for the full year improved to ₹29.22 from ₹9.91 in FY25.
👀 What to Watch
Investors should view the debt reduction and high dividend payout as strong positive signals of financial health. While the profit was boosted by tax credits, the underlying revenue growth and deleveraging justify a positive outlook on the stock.
Apollo Pipes Targets INR 5,000 Cr Revenue by FY31; Guides for INR 400 Cr+ in Q1 FY27
Apollo Pipes has announced an ambitious 5-year growth plan to achieve a 35% revenue CAGR, aiming for INR 5,000 crores by FY31. Despite a 30% decline in consolidated EBITDA in FY26 due to PVC price volatility and inventory write-downs, the company crossed 1 lakh tons in annual sales volume. Management is guiding for a strong Q1 FY27 with revenue expected to exceed INR 400 crores, driven by aggressive pricing and group synergies. The company is expanding its capacity with a new plant in South India and focusing on allied products like bath fittings and windows.
Key Highlights
Targeting 35% revenue CAGR to reach INR 5,000 crore revenue by FY31 from current INR 1,100 crore base.
Guided for Q1 FY27 revenue of INR 400+ crores, representing a 15% sequential growth over Q4 FY26.
Consolidated EBITDA for FY26 declined 30% due to aggressive pricing strategies and inventory write-downs.
Plans to set up a new INR 1,000 crore capacity plant in South India to support long-term growth.
Aims to improve EBITDA margins to INR 10,000-12,000 per ton over the next 2-3 years from current lower levels.
👀 What to Watch
Investors should watch for the execution of the 35% CAGR growth plan and the stabilization of margins as the company scales its Kisan and allied business verticals. The stock remains a high-growth prospect in the plastic piping sector given the aggressive expansion and group-level management support.
Apollo Hospitals Receives NCLT Order to Reschedule Stakeholder Meetings for Composite Scheme
Apollo Hospitals Enterprise Limited has received a certified order from the NCLT Chennai Bench regarding its Composite Scheme of Arrangement involving Apollo Healthco, Keimed, and Apollo Healthtech. The Tribunal has approved the company's request to reschedule meetings for equity shareholders and creditors to late June 2026. This procedural update is part of the ongoing restructuring to consolidate the company's pharmacy and digital health businesses. The equity shareholders' meeting is now officially set for June 24, 2026.
Key Highlights
NCLT Chennai Bench approved the rescheduling of stakeholder meetings via an order dated May 5, 2026.
Equity Shareholders meeting rescheduled from May 27, 2026, to June 24, 2026, at 2:30 PM.
Secured Creditors meeting moved to June 24, 2026, at 10:00 AM.
Unsecured Creditors meetings rescheduled to various slots on June 24 and June 25, 2026.
The scheme involves the integration of Apollo Healthco Limited and Keimed Private Limited into the group structure.
👀 What to Watch
Investors should note the revised timeline for the corporate restructuring and monitor the voting outcomes of the stakeholder meetings scheduled for June 24-25, 2026.
Apollo Micro Systems Bags New Orders Worth ₹510.25 Million Across Defence and Private Sectors
Apollo Micro Systems Limited has secured new business orders totaling ₹510.25 million in its ordinary course of business. The orders are diversified across the Ministry of Defence (₹174.78 million), Public Sector Defence Undertakings (₹95.28 million), and various private companies (₹240.18 million). This influx of orders strengthens the company's order book and reinforces its position within the Indian defence electronics ecosystem. The significant contribution from private companies indicates a broadening client base beyond government entities.
Key Highlights
Total new order inflow amounting to ₹510.25 million.
Ministry of Defence orders contribute ₹174.78 million to the total value.
Private sector orders represent the largest segment at ₹240.18 million.
Public Sector Defence Undertakings (PSUs) provided orders worth ₹95.28 million.
👀 What to Watch
Investors should view this as a positive development for revenue visibility and monitor the company's execution efficiency in upcoming quarterly results.
Apollo Pipes Recommends ₹0.70 Dividend; FY26 Net Profit Drops 86% to ₹4.66 Crore
Apollo Pipes reported a significant decline in financial performance for FY26, with consolidated net profit falling 86.3% to ₹4.66 crore from ₹34.09 crore in the previous year. Revenue from operations also decreased slightly to ₹1,104.92 crore. Despite the profit slump, the board recommended a final dividend of ₹0.70 per share. The company also announced a leadership transition with Mr. Sanjay Gupta appointed as Chairman and the introduction of a new Stock Appreciation Rights (SAR) scheme for employees.
Key Highlights
Recommended a final dividend of ₹0.70 per equity share (7% of face value) for FY26.
Consolidated Net Profit plummeted 86.3% YoY to ₹4.66 crore from ₹34.09 crore.
Revenue from operations declined to ₹1,104.92 crore in FY26 compared to ₹1,181.64 crore in FY25.
Management transition: Mr. Sanjay Gupta appointed as Chairman; Mr. Sameer Gupta continues as Managing Director.
Approved 'SAR Scheme 2026' with a pool of 25,00,000 units to incentivize employees across the group.
👀 What to Watch
Investors should exercise caution as the sharp decline in profitability and EPS (from ₹7.74 to ₹1.06) indicates significant margin pressure. Monitor the impact of the new leadership and the effectiveness of the SAR scheme in driving future performance.
Apollo Pipes FY26 Net Profit Plummets 86% to ₹4.66 Cr; ₹0.70 Dividend Declared
Apollo Pipes reported a weak financial performance for FY26, with consolidated net profit crashing 86% to ₹4.66 crore from ₹34.09 crore in FY25. The company faced severe margin pressure, resulting in a net loss of ₹12.80 lakhs in Q4 FY26 compared to a profit of ₹9.87 crore in the same quarter last year. Annual revenue also saw a 6.5% decline to ₹1,104.91 crore. Despite the profit drop, the board recommended a final dividend of ₹0.70 per share and announced a leadership transition with Mr. Sanjay Gupta taking over as Chairman.
Key Highlights
FY26 Consolidated Net Profit fell 86.3% YoY to ₹4.66 crore from ₹34.09 crore.
Q4 FY26 Revenue grew 10.2% YoY to ₹347 crore, yet the company slipped into a net loss of ₹12.80 lakhs.
Board recommended a final dividend of ₹0.70 per equity share (7% of face value).
Full-year revenue from operations decreased to ₹1,104.91 crore from ₹1,181.63 crore in FY25.
Management changes: Mr. Sanjay Gupta appointed as Chairman; SAR Scheme 2026 introduced with a 25 lakh share pool.
👀 What to Watch
The significant erosion in profitability and the Q4 loss are major red flags; investors should exercise caution and monitor management's strategy for margin recovery.
Apollo Pipes Q4FY26 Revenue Up 10% to ₹347 Cr; FY26 PAT Drops 77% Amid Margin Pressure
Apollo Pipes reported a recovery in Q4FY26 with revenue growing 10% YoY to ₹347 Cr and sales volumes increasing 21% to 31,366 MT. However, the full-year FY26 performance was weak, with PAT declining 77% to ₹7.5 Cr and EBITDA falling 31% to ₹66.5 Cr. The company has transitioned from a net cash position of ₹46 Cr to a net debt of ₹40 Cr following the acquisition of Kisan Mouldings. Despite bottom-line pressure, management is targeting 25%+ revenue growth in FY27, supported by a total capacity of 2,40,000 MTPA and new product launches.
Key Highlights
Q4FY26 sales volume grew 21% YoY to 31,366 MT, while revenue increased 10% to ₹347 Cr.
FY26 EBITDA margin contracted by 208 bps YoY to 6.0%, leading to a 77% drop in annual PAT to ₹7.5 Cr.
Manufacturing capacity expanded to 2,40,000 MTPA across 7 plants, including the 61.94% stake in Kisan Mouldings.
Net debt stood at ₹40 Cr as of March 2026, compared to a net cash position of ₹46 Cr in the previous year.
Management targets 25%+ revenue growth for FY27 with a focus on value-added products and pan-India expansion.
👀 What to Watch
Investors should monitor the company's ability to restore margins and successfully integrate the Kisan Mouldings acquisition. While volume growth is robust, the significant decline in profitability and shift to a debt position warrant a cautious outlook until earnings stabilize.
Apollo Pipes Q4FY26: Revenue Up 10% to ₹347 Cr; FY26 PAT Drops 77% to ₹7.5 Cr
Apollo Pipes reported a mixed performance for Q4FY26, with revenue growing 10% YoY to ₹347 Cr driven by a 21% increase in sales volume. However, the full-year FY26 results show significant pressure, with PAT declining 77% YoY to ₹7.5 Cr and EBITDA margins contracting by 208 bps to 6.0%. The company has transitioned from a net cash position of ₹46 Cr to a net debt of ₹40 Cr following the acquisition of Kisan Mouldings. Despite the annual profit slump, Q4 showed a sequential recovery, returning to a profit of ₹1.0 Cr from a loss in Q3FY26.
Key Highlights
Q4FY26 sales volume increased 21% YoY to 31,366 MT, while revenue rose 10% to ₹347 Cr.
Full-year FY26 PAT plummeted 77% to ₹7.5 Cr from ₹33 Cr in the previous fiscal year.
EBITDA margins for FY26 contracted to 6.0% compared to 8.1% in FY25.
Total manufacturing capacity reached 2,40,000 MT following the 61.94% stake acquisition in Kisan Mouldings.
Company targets 25%+ revenue growth in FY27 with a total capacity goal of 288,000 MT within two years.
👀 What to Watch
Investors should focus on the company's ability to restore margins and successfully integrate the Kisan Mouldings acquisition. While volume growth is robust, the significant decline in annual profitability and the shift to a net debt position warrant a cautious 'watch' approach until margin stability is evident.
Apollo Pipes FY26 Net Profit Drops 86% to ₹4.66 Cr; Announces ₹0.70 Dividend & New Chairman
Apollo Pipes reported a significant decline in financial performance for FY26, with consolidated net profit falling to ₹4.66 crore from ₹34.09 crore in FY25. Revenue from operations also saw a contraction, ending the year at ₹1,104.92 crore compared to ₹1,181.64 crore previously. Despite the profit slump, the board recommended a final dividend of ₹0.70 per share. In a major leadership shift, Mr. Sanjay Gupta has been appointed as the new Chairman, while the former Chairman, Mr. Sameer Gupta, will continue as Managing Director.
Key Highlights
Consolidated Net Profit for FY26 plummeted 86.3% YoY to ₹4.66 crore from ₹34.09 crore.
Annual Revenue from operations declined to ₹1,104.92 crore from ₹1,181.64 crore in FY25.
Recommended a final dividend of ₹0.70 per equity share (7% on face value of ₹10).
Mr. Sanjay Gupta appointed as Chairman effective May 08, 2026, succeeding Mr. Sameer Gupta.
Approved 'SAR Scheme 2026' with a pool of 25,00,000 units for employee stock appreciation rights.
👀 What to Watch
Investors should exercise caution as the sharp decline in profitability indicates significant margin pressure. Monitor the new leadership's strategy to revive growth and the impact of the new SAR scheme on equity dilution.
Apollo Pipes FY26 Net Profit Drops 77% to ₹7.49 Cr; Recommends ₹0.70 Dividend
Apollo Pipes reported a weak financial performance for FY26, with consolidated net profit attributable to owners falling sharply to ₹7.49 crore from ₹32.65 crore in FY25. Annual revenue also saw a decline of 6.5%, dropping to ₹1,105 crore, although Q4 FY26 revenue showed a slight year-on-year recovery. The board recommended a final dividend of ₹0.70 per share and announced a leadership shift with Mr. Sanjay Gupta becoming the new Chairman. To retain talent, the company introduced a new Stock Appreciation Rights (SAR) scheme involving up to 25 lakh equity shares.
Key Highlights
Consolidated Net Profit for FY26 plummeted 77% YoY to ₹748.61 Lakhs compared to ₹3,264.82 Lakhs in FY25.
Annual Revenue from operations decreased by 6.5% to ₹1,10,491.55 Lakhs from ₹1,18,163.54 Lakhs.
Recommended a final dividend of ₹0.70 per equity share (7% on Face Value of ₹10).
Management transition: Mr. Sanjay Gupta appointed as Chairman effective May 08, 2026, while Mr. Sameer Gupta continues as MD.
Approved 'SAR Scheme 2026' with a total pool of 25,00,000 units convertible into equity shares for employees.
👀 What to Watch
The significant erosion in profitability and margins is a major red flag despite the dividend payout. Investors should exercise caution and wait for signs of operational efficiency improvements under the new Chairman before making new commitments.
APL Apollo Reports Strong FY26 Results with 37% ROCE and INR 5,500+ EBITDA/Ton in Q4
APL Apollo Tubes delivered a robust performance for Q4 FY26, achieving a 9% YoY volume growth and EBITDA per ton exceeding INR 5,500. Despite headwinds from the Middle East crisis impacting Dubai operations and domestic raw material shortages, the company maintained a 37% ROCE and generated INR 13 billion in free cash flow for the full year. Management is prioritizing profitability over volume in the short term while remaining on track for an 8-million-ton capacity target by FY28. With a net cash balance of over INR 15 billion, the company is considering higher dividends or buybacks as it eliminates remaining debt.
Key Highlights
Quarterly volume increased by 9% YoY with EBITDA per ton reaching over INR 5,500 in Q4
Full-year FY26 ROCE stood at 37% with a negative working capital cycle and INR 20bn operating cash flow
Generated INR 13 billion in free cash flow and maintains a net cash balance of over INR 15 billion
Management plans to spend INR 500-600 crores annually on capex to reach 8 million ton capacity by FY28
Net liabilities of INR 500 crores expected to be eliminated by Q2, potentially leading to higher dividends or buybacks
👀 What to Watch
Investors should view the strong cash generation and margin resilience as a sign of market leadership. The shift toward higher-margin products and potential for capital return through dividends or buybacks makes it a strong hold for long-term portfolios.
APL Apollo FY26 Net Profit Surges 59% to ₹12.0 Bn; EBITDA/Ton Hits Record ₹5,161
APL Apollo Tubes delivered a robust performance for FY26, with consolidated net profit growing 59% YoY to ₹12.0 billion. The company achieved its highest-ever quarterly volume of 925k tons in Q4FY26, contributing to an annual volume growth of 11% to 3,491k tons. Operational efficiency improved significantly, with EBITDA per ton rising 36% to ₹5,161 and ROCE expanding to 37.3%. The company maintains a strong balance sheet with a net cash position of ₹15.3 billion and zero net working capital days.
Key Highlights
Annual Sales Volume grew 11% YoY to 3,491k tons, with Q4FY26 hitting a record 925k tons
Consolidated EBITDA for FY26 increased by 50% YoY to ₹18.0 billion, driven by margin expansion
Net Profit (PAT) for the full year surged 59% YoY to ₹12.0 billion compared to ₹7.6 billion in FY25
Return on Capital Employed (ROCE) improved sharply to 37.3% from 24.5% in the previous year
Company announced a capacity expansion target to reach 8 million tons by FY28 from the current 5 million tons
👀 What to Watch
Investors should view the strong margin expansion and transition to a significant net cash position as evidence of APL Apollo's dominant market position. The aggressive capacity expansion plan to 8 million tons by FY28 provides a clear long-term growth runway for the stock.
