APL Apollo Tubes (NSE:APLAPOLLO) ROCE %: 32.75% (As of Mar. 2026)

What is APL Apollo Tubes ROCE %?

APL Apollo Tubes NSE:APLAPOLLO +0.07% 96 ROCE % is 32.75% as of Mar. 2026. GuruFocus rates NSE:APLAPOLLO with a GF Score™ of 96/100 and a GF Value™ of ₹2,075.10 (Modestly Undervalued). The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. APL Apollo Tubes's annualized ROCE % for the quarter that ended in Mar. 2026 was 32.75%.

APL Apollo Tubes (NSE:APLAPOLLO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

APL Apollo Tubes ROCE % Related Terms

APL Apollo Tubes ROCE % Historical Data

* Premium members only.

The historical data trend for APL Apollo Tubes's ROCE % 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.

APL Apollo Tubes ROCE % Chart

APL Apollo Tubes Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

Get a 7-Day Free Trial

33.22

27.61

25.87

22.65

30.79

APL Apollo Tubes Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															31.49	27.64	31.32	33.09	32.75

96GF Score

APL Apollo Tubes Ltd NSE:APLAPOLLO

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

APL Apollo Tubes ROCE % Calculation

APL Apollo Tubes's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	16827.5	/	( ( (75962.4 - 26301.4)	+	(88333 - 28689.5) )	/ 2 )
	=	16827.5	/	( (49661	+	59643.5)	/ 2 )
	=	16827.5	/	54652.25
	=	30.79 %

APL Apollo Tubes's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	19530.4	/	( ( (0 - 0)	+	(88333 - 28689.5) )	/ 1 )
	=	19530.4	/	( ( 0	+	59643.5 )	/ 1 )
	=	19530.4	/	59643.5
	=	32.75 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 32.75% mean?

APL Apollo Tubes (NSE:APLAPOLLO) has a ROCE % of 32.75% as of Mar. 2026.

Is APL Apollo Tubes' ROCE % too high?

APL Apollo Tubes' current ROCE % is 32.75%. The Steel industry median ROCE % is 5.51. APL Apollo Tubes' value of 32.75% is 494.4% above this industry median. Overall, APL Apollo Tubes has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does APL Apollo Tubes' ROCE % compare to NUE and STLD?

APL Apollo Tubes' ROCE % of 32.75% can be compared against companies in the Steel industry. The industry median ROCE % is 5.51. APL Apollo Tubes' value of 32.75% is 494.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Steel company?

The median ROCE % among Steel companies is 5.51, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APL Apollo Tubes's current ROCE % of 32.75% is 494.4% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median ROCE % is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current ROCE % is 32.75%. 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 ₹2,075.10, compared to a current price of ₹1,785.10 — trading 14% below its estimated fair value. The current ROCE % is 32.75% and 494.4% above the Steel industry median of 5.51. APL Apollo Tubes' overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For APL Apollo Tubes (NSE:APLAPOLLO), the current ROCE % is 32.75% 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 ₹1,785.10 is trading 14% below its estimated GF Value™ of ₹2,075.10. GuruFocus considers APL Apollo Tubes to be Modestly Undervalued.

Key valuation signals for NSE:APLAPOLLO:

ROCE %: 32.75%
GF Value™: ₹2,075.10 vs. price of ₹1,785.10 (14% below fair value)
GF Score™: 96/100 with 1 warning sign
Industry Position: 494.4% above the Steel median

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 Business Description

Industry Basic Materials Steel

Comparable Companies BOM:532508 BOM:532144 BOM:500113 BOM:543299 BOM:526371 NSE:KIOCL BOM:520111 BOM:504614 BOM:532734 BOM:532726 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL RS TSE:5401 SHSE:600019 XKRX:005490 SHSE:600010

Other Exchanges 533758:India

Address Block-B, SG Centre Plot No 37C, Sector-132, Gautam Buddha Nagar, Noida, UP, IND, 201304

Website https://www.aplapollo.com

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.

96GF Score

Get the complete analysis for NSE:APLAPOLLO

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,785.10

Price

₹2,075.10

GF Value

View NSE:APLAPOLLO Analysis

See ROCE % data for all stocks →