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APL Apollo TubesNSE:APLAPOLLO +0.29%97 Return-on-Tangible-Equity is 27.48% as of Mar. 2026, which is 15% above its 10-year median of 23.93. GuruFocus rates NSE:APLAPOLLO with a GF Score™ of 97/100 and a GF Value™ of ₹2,095.64 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 615 Steel companies, APL Apollo Tubes ranks better than 94.15% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. APL Apollo Tubes's annualized net income for the quarter that ended in Mar. 2026 was ₹14,174 Mil. APL Apollo Tubes's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹51,572 Mil. Therefore, APL Apollo Tubes's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 27.48%.
The historical rank and industry rank for APL Apollo Tubes's Return-on-Tangible-Equity or its related term are showing as below:
NSE:APLAPOLLO'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 16.94 Med: 23.93 Max: 31.9
Current: 26.36
During the past 13 years, APL Apollo Tubes's highest Return-on-Tangible-Equity was 31.90%. The lowest was 16.94%. And the median was 23.93%.
NSE:APLAPOLLO's Return-on-Tangible-Equity is ranked better than 94.15% of 615
companies
in the Steel industry
Industry Median: 4.09
vs NSE:APLAPOLLO: 26.36
APL Apollo Tubes (NSE:APLAPOLLO) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
APL Apollo Tubes Return-on-Tangible-Equity Related Terms
APL Apollo Tubes Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes's Return-on-Tangible-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: Return-on-Tangible-Equity Comparison
For the Steel subindustry, APL Apollo Tubes's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-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 Return-on-Tangible-Equity vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes's Return-on-Tangible-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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 27.48% mean?
APL Apollo Tubes (NSE:APLAPOLLO) has a Return-on-Tangible-Equity of 27.48% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on APL Apollo Tubes and its competitors. This is 15% above median its historical median of 23.93. Over the past decade, APL Apollo Tubes' Return-on-Tangible-Equity has ranged from 16.94 to 31.90. According to the industry distribution chart, APL Apollo Tubes ranks #36 out of 615 companies in the Steel industry, placing it in the top 5.9%.
Is APL Apollo Tubes' Return-on-Tangible-Equity too high?
APL Apollo Tubes' current Return-on-Tangible-Equity of 27.48% is 15% above median its 10-year median of 23.93. Over the past 10 years, this metric has ranged from a low of 16.94 to a high of 31.90. The Steel industry median Return-on-Tangible-Equity is 4.09. APL Apollo Tubes' value of 27.48% is 571.9% above this industry median. Based on the distribution chart, APL Apollo Tubes ranks #36 out of 615 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 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' Return-on-Tangible-Equity compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #36 out of 615 companies for Return-on-Tangible-Equity. This places APL Apollo Tubes in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.09. APL Apollo Tubes' value of 27.48% is 571.9% above this benchmark. Historically, APL Apollo Tubes' own Return-on-Tangible-Equity has ranged from 16.94 to 31.90 over the past decade. While the company's 10-year median is 23.93 vs. the industry median of 4.09, 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 Return-on-Tangible-Equity for a Steel company?
The median Return-on-Tangible-Equity among Steel companies is 4.09, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APL Apollo Tubes's current Return-on-Tangible-Equity of 27.48% is 571.9% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on APL Apollo Tubes and its competitors. For the Steel industry, the median Return-on-Tangible-Equity is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current Return-on-Tangible-Equity is 27.48%, which is 15% above median its own 10-year median of 23.93. 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 ₹2,095.64, compared to a current price of ₹1,819.60 — trading 13.2% below its estimated fair value. The current Return-on-Tangible-Equity is 27.48%, which is 15% above median its 10-year median of 23.93 and 571.9% above the Steel industry median of 4.09. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For APL Apollo Tubes (NSE:APLAPOLLO), the current Return-on-Tangible-Equity is 27.48% 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 ₹1,819.60 is trading 13.2% below its estimated GF Value™ of ₹2,095.64.
GuruFocus considers APL Apollo Tubes to be Modestly Undervalued.
Key valuation signals for NSE:APLAPOLLO:
Return-on-Tangible-Equity: 27.48% (15% above median its 10-year median of 23.93)
GF Value™: ₹2,095.64 vs. price of ₹1,819.60 (13.2% below fair value)
Industry Position: 571.9% above the Steel median (#36 of 615)
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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