The historical rank and industry rank for APL Apollo Tubes's ROE % or its related term are showing as below:
NSE:APLAPOLLO'
s ROE % Range Over the Past 10 Years
Min: 16.45 Med: 22.82 Max: 29.77
Current: 25.58
During the past 13 years, APL Apollo Tubes's highest ROE % was 29.77%. The lowest was 16.45%. And the median was 22.82%.
NSE:APLAPOLLO's ROE % is ranked better than 94.83% of 619
companies
in the Steel industry
Industry Median: 3.68
vs NSE:APLAPOLLO: 25.58
APL Apollo Tubes (NSE:APLAPOLLO) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
APL Apollo Tubes ROE % Related Terms
APL Apollo Tubes ROE % Historical Data
* Premium members only.
The historical data trend for APL Apollo Tubes's ROE % 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.
For the Steel subindustry, APL Apollo Tubes's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Steel Industry
For the Steel industry and Basic Materials sector, APL Apollo Tubes's ROE % distribution charts can be found below:
* The bar in red indicates where APL Apollo Tubes's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
APL Apollo Tubes (NSE:APLAPOLLO) has a ROE % of 26.76% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on APL Apollo Tubes and its competitors. This is 17% above median its historical median of 22.82. Over the past decade, APL Apollo Tubes' ROE % has ranged from 16.45 to 29.77. According to the industry distribution chart, APL Apollo Tubes ranks #32 out of 619 companies in the Steel industry, placing it in the top 5.2%.
Is APL Apollo Tubes' ROE % too high?
APL Apollo Tubes' current ROE % of 26.76% is 17% above median its 10-year median of 22.82. Over the past 10 years, this metric has ranged from a low of 16.45 to a high of 29.77. The Steel industry median ROE % is 3.68. APL Apollo Tubes' value of 26.76% is 627.2% above this industry median. Based on the distribution chart, APL Apollo Tubes ranks #32 out of 619 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 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does APL Apollo Tubes' ROE % compare to NUE and STLD?
According to the Steel industry distribution chart, APL Apollo Tubes ranks #32 out of 619 companies for ROE %. This places APL Apollo Tubes in the top 5% of its industry — outperforming the majority of peers. The industry median ROE % is 3.68. APL Apollo Tubes' value of 26.76% is 627.2% above this benchmark. Historically, APL Apollo Tubes' own ROE % has ranged from 16.45 to 29.77 over the past decade. While the company's 10-year median is 22.82 vs. the industry median of 3.68, 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 ROE % for a Steel company?
The median ROE % among Steel companies is 3.68, based on 619 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APL Apollo Tubes's current ROE % of 26.76% is 627.2% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on APL Apollo Tubes and its competitors. For the Steel industry, the median ROE % is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APL Apollo Tubes's current ROE % is 26.76%, which is 17% above median its own 10-year median of 22.82. 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 ₹2,076.12, compared to a current price of ₹1,785.10 — trading 14% below its estimated fair value. The current ROE % is 26.76%, which is 17% above median its 10-year median of 22.82 and 627.2% above the Steel industry median of 3.68. APL Apollo Tubes' overall GF Score™ is 95/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For APL Apollo Tubes (NSE:APLAPOLLO), the current ROE % is 26.76% 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 ₹2,076.12.
GuruFocus considers APL Apollo Tubes to be Modestly Undervalued.
Key valuation signals for NSE:APLAPOLLO:
ROE %: 26.76% (17% above median its 10-year median of 22.82)
GF Value™: ₹2,076.12 vs. price of ₹1,785.10 (14% below fair value)
Industry Position: 627.2% above the Steel median (#32 of 619)
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.
95GF Score
Get the complete analysis for NSE:APLAPOLLO
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:APLAPOLLO has been successfully added to your 
