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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for APL Apollo Tubes's Debt-to-Equity or its related term are showing as below:
NSE:APLAPOLLO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.36 Max: 1.05
Current: 0.09
During the past 13 years, the highest Debt-to-Equity Ratio of APL Apollo Tubes was 1.05. The lowest was 0.09. And the median was 0.36.
NSE:APLAPOLLO's Debt-to-Equity is ranked better than 83.39% of 548
companies
in the Steel industry
Industry Median: 0.405
vs NSE:APLAPOLLO: 0.09
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
APL Apollo Tubes Debt-to-Equity Related Terms
APL Apollo Tubes Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:APLAPOLLO vs NUE, STLD, RS: Debt-to-Equity Comparison
For the Steel subindustry, APL Apollo Tubes's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
APL Apollo Tubes Debt-to-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
APL Apollo Tubes (NSE:APLAPOLLO) has a Debt-to-Equity of 0.08 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on APL Apollo Tubes and its competitors. This is 78% below median its historical median of 0.36. Over the past decade, APL Apollo Tubes' Debt-to-Equity has ranged from 0.09 to 1.05. According to the industry distribution chart, APL Apollo Tubes ranks #91 out of 548 companies in the Steel industry, placing it in the top 16.6%.
Is APL Apollo Tubes' Debt-to-Equity too high?
APL Apollo Tubes' current Debt-to-Equity of 0.08 is 78% below median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 1.05. The Steel industry median Debt-to-Equity is 0.41. APL Apollo Tubes' value of 0.08 is 80.2% below this industry median. Based on the distribution chart, APL Apollo Tubes ranks #91 out of 548 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, APL Apollo Tubes has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' Debt-to-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #91 out of 548 companies for Debt-to-Equity. This places APL Apollo Tubes in the top 17% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.41. APL Apollo Tubes' value of 0.08 is 80.2% below this benchmark. Historically, APL Apollo Tubes' own Debt-to-Equity has ranged from 0.09 to 1.05 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 0.41, APL Apollo Tubes has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Steel company?
The median Debt-to-Equity among Steel companies is 0.41, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APL Apollo Tubes's current Debt-to-Equity of 0.08 is 80.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on APL Apollo Tubes and its competitors. For the Steel industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current Debt-to-Equity is 0.08, which is 78% below median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APL Apollo Tubes stock overvalued right now?
Based on GuruFocus' analysis, APL Apollo Tubes (NSE:APLAPOLLO) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,031.09, compared to a current price of ₹2,181.10 — trading 7.4% above its estimated fair value. The current Debt-to-Equity is 0.08, which is 78% below median its 10-year median of 0.36 and 80.2% below the Steel industry median of 0.41. APL Apollo Tubes' overall GF Score™ is 93/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For APL Apollo Tubes (NSE:APLAPOLLO), the current Debt-to-Equity is 0.08 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is APL Apollo Tubes (NSE:APLAPOLLO) Overvalued in 2026?
Based on GuruFocus' analysis, APL Apollo Tubes stock appears to be overvalued.
The current stock price of ₹2,181.10 is trading 7.4% above its estimated GF Value™ of ₹2,031.09.
GuruFocus considers APL Apollo Tubes to be Fairly Valued.
Key valuation signals for NSE:APLAPOLLO:
Debt-to-Equity: 0.08 (78% below median its 10-year median of 0.36)
GF Value™: ₹2,031.09 vs. price of ₹2,181.10 (7.4% above fair value)
Industry Position: 80.2% below the Steel median (#91 of 548)
No single metric tells the full story. See the NSE:APLAPOLLO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APL Apollo Tubes Ltd is a manufacturer of steel pipes and tubes. Its multi-product offerings include Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections. It operates in a single segment, which is the business of production of ERW steel tubes. Geographically, it operates only in India.
93GF Score
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