Jindal Stainless vs APL Apollo Tubes vs Mukand: Which Stock Should You Track
- September 23, 2026
- Posted by: Harsh Piplani
- Category: Market
Jindal Stainless PE 18.93, mkt cap Rs 61,291 crore. APL Apollo Tubes PE 49.26, mkt cap Rs 60,535 crore. Mukand PE 3.24, mkt cap Rs 2,048 crore.
Quick Answer
Jindal Stainless vs APL Apollo Tubes vs Mukand is a side-by-side comparison of three companies from the Stainless and Structural Steel Tubes space. On this comparison, Jindal Stainless carries a market capitalisation of about Rs 61,291 crore against Rs 60,535 crore for APL Apollo Tubes and Rs 2,048 crore for Mukand, with return on equity of 16.14%, 22.71% and 39.69% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Jindal Stainless vs APL Apollo Tubes vs Mukand starts with the core numbers most investors compare within the Stainless and Structural Steel Tubes segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Stainless and Structural Steel Tubes bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Jindal Stainless, APL Apollo Tubes and Mukand: Company Overview
Jindal Stainless is a listed Indian company in the Stainless and Structural Steel Tubes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
APL Apollo Tubes is a listed Indian company in the Stainless and Structural Steel Tubes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Mukand is a listed Indian company in the Stainless and Structural Steel Tubes space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Jindal Stainless vs APL Apollo Tubes vs Mukand: Valuation and Profitability Snapshot
| Metric | Jindal Stainless | APL Apollo Tubes | Mukand |
|---|---|---|---|
| Market Cap (approx.) | Rs 61,291 crore | Rs 60,535 crore | Rs 2,048 crore |
| PE Ratio (TTM) | 18.93 | 49.26 | 3.24 |
| PB Ratio | 3.11 | 11.43 | 1.34 |
| Return on Equity (ROE) | 16.14% | 22.71% | 39.69% |
| EPS (TTM, Rs) | 39.28 | 44.26 | 43.77 |
| Dividend Yield | 0.54% | 0.39% | 2.12% |
| Debt to Equity | 0.38 | 0.09 | 1.11 |
| Book Value per Share (Rs) | 239.17 | 190.76 | 105.35 |
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On valuation, Jindal Stainless trades at a PE of 18.93 and a PB of 3.11, APL Apollo Tubes at a PE of 49.26 and a PB of 11.43, while Mukand trades at a PE of 3.24 and a PB of 1.34. On return on equity, the three post 16.14%, 22.71% and 39.69% respectively, and on dividend yield they stand at 0.54%, 0.39% and 2.12%.
Jindal Stainless vs APL Apollo Tubes vs Mukand: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Jindal Stainless | Rs 11,396.93 crore | Rs 768.66 crore | +10.9% | -0.3% |
| APL Apollo Tubes | Rs 5,646.23 crore | Rs 263.11 crore | +8.7% | -10.5% |
| Mukand | Rs 1,467.25 crore | Rs 57.36 crore | +25.7% | -17.5% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three stainless and structural steel tubes names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Jindal Stainless vs APL Apollo Tubes vs Mukand highlights how differently three companies in the same stainless and structural steel tubes segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Jindal Stainless vs APL Apollo Tubes vs Mukand
What is the market cap difference between Jindal Stainless, APL Apollo Tubes and Mukand?
Ans. As of September 2026, Jindal Stainless has a market cap of approximately Rs 61,291 crore, APL Apollo Tubes is at approximately Rs 60,535 crore, and Mukand is at approximately Rs 2,048 crore.
Which of the three has the highest PE ratio?
Ans. Among Jindal Stainless, APL Apollo Tubes and Mukand, the PE ratios stand at 18.93, 49.26 and 3.24 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Jindal Stainless, APL Apollo Tubes and Mukand post ROE of 16.14%, 22.71% and 39.69% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Jindal Stainless, APL Apollo Tubes and Mukand carry dividend yields of 0.54%, 0.39% and 2.12% respectively.
What is the debt to equity ratio for Jindal Stainless, APL Apollo Tubes and Mukand?
Ans. Jindal Stainless carries a debt to equity of 0.38, APL Apollo Tubes of 0.09, and Mukand of 1.11.
Which of the three trades at the highest price to book value?
Ans. Jindal Stainless, APL Apollo Tubes and Mukand trade at price to book ratios of 3.11, 11.43 and 1.34 respectively.
Is one of Jindal Stainless, APL Apollo Tubes or Mukand better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
