APL Apollo TubesNSE:APLAPOLLO +0.92%97 Gross Margin % is 13.30% as of Mar. 2026, which is 41% above its 10-year median of 9.40. GuruFocus rates NSE:APLAPOLLO with a GF Score™ of 97/100 and a GF Value™ of ₹2,080.46 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 592 Steel companies, APL Apollo Tubes ranks better than 51.35% on this metric.
The historical rank and industry rank for APL Apollo Tubes's Gross Margin % or its related term are showing as below:
NSE:APLAPOLLO'
s Gross Margin % Range Over the Past 10 Years
Min: 6.62 Med: 9.4 Max: 13.21
Current: 13.21
During the past 13 years, the highestGross Margin % of APL Apollo Tubes was 13.21%. The lowest was 6.62%. And the median was 9.40%.
NSE:APLAPOLLO's Gross Margin % is ranked better than 51.35% of 592
companies
in the Steel industry
Industry Median: 12.55
vs NSE:APLAPOLLO: 13.21
APL Apollo Tubes had a gross margin of 13.30% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for APL Apollo Tubes was 4.20% per year.
APL Apollo Tubes (NSE:APLAPOLLO) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
APL Apollo Tubes had a gross margin of 13.30% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
APL Apollo Tubes Gross Margin % Related Terms
APL Apollo Tubes Gross Margin % Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes's Gross Margin % 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: Gross Margin % Comparison
For the Steel subindustry, APL Apollo Tubes's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's Gross Margin % distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes's Gross Margin % 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
APL Apollo Tubes (NSE:APLAPOLLO) has a Gross Margin % of 13.30% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on APL Apollo Tubes and its competitors. This is 41% above median its historical median of 9.40. Over the past decade, APL Apollo Tubes' Gross Margin % has ranged from 6.62 to 13.21. According to the industry distribution chart, APL Apollo Tubes ranks #288 out of 592 companies in the Steel industry, placing it in the top 48.6%.
Is APL Apollo Tubes' Gross Margin % too high?
APL Apollo Tubes' current Gross Margin % of 13.30% is 41% above median its 10-year median of 9.40. Over the past 10 years, this metric has ranged from a low of 6.62 to a high of 13.21. The Steel industry median Gross Margin % is 12.55. APL Apollo Tubes' value of 13.30% is 6% above this industry median. Based on the distribution chart, APL Apollo Tubes ranks #288 out of 592 companies in the Steel industry, which is above the industry midpoint. Overall, APL Apollo Tubes has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #288 out of 592 companies for Gross Margin %. This puts APL Apollo Tubes in the upper half of its industry. The industry median Gross Margin % is 12.55. APL Apollo Tubes' value of 13.30% is 6% above this benchmark. Historically, APL Apollo Tubes' own Gross Margin % has ranged from 6.62 to 13.21 over the past decade. While the company's 10-year median is 9.40 vs. the industry median of 12.55, APL Apollo Tubes has consistently been above 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 Gross Margin % for a Steel company?
The median Gross Margin % among Steel companies is 12.55, based on 592 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APL Apollo Tubes's current Gross Margin % of 13.30% is 6% above 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on APL Apollo Tubes and its competitors. For the Steel industry, the median Gross Margin % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current Gross Margin % is 13.30%, which is 41% above median its own 10-year median of 9.40. 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 Modestly Undervalued. The stock's GF Value™ is ₹2,080.46, compared to a current price of ₹1,804.50 — trading 13.3% below its estimated fair value. The current Gross Margin % is 13.30%, which is 41% above median its 10-year median of 9.40 and 6% above the Steel industry median of 12.55. APL Apollo Tubes' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For APL Apollo Tubes (NSE:APLAPOLLO), the current Gross Margin % is 13.30% as of Mar. 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 undervalued.
The current stock price of ₹1,804.50 is trading 13.3% below its estimated GF Value™ of ₹2,080.46.
GuruFocus considers APL Apollo Tubes to be Modestly Undervalued.
Key valuation signals for NSE:APLAPOLLO:
Gross Margin %: 13.30% (41% above median its 10-year median of 9.40)
GF Value™: ₹2,080.46 vs. price of ₹1,804.50 (13.3% below fair value)
Industry Position: 6% above the Steel median (#288 of 592)
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.
97GF Score
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