APL Apollo Tubes Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27

APL Apollo Tubes Rs 2,104 (5 Oct 2026). 52-week range Rs 1,690 to Rs 2,301. Q1 FY27 PAT Rs 263 cr, up 11%. EBITDA/tonne Rs 5,522.

The APL Apollo Tubes share price target for 2026 is Rs 2,046 to Rs 2,232 in the Univest base case, with the stock at Rs 2,103.80 as of about 10:15 AM IST on 5 October 2026. That is 8.6 percent below its 52-week high of Rs 2,301.40 and 24.5 percent above its 52-week low of Rs 1,690.00, and the stock moved up 21.1 percent over the past year. APL Apollo Tubes is India’s largest structural steel tube maker, with brands including APL Apollo and SG Premium. Return on equity is 22.7 percent and debt to equity is 0.09.

Three things changed since the last update: Q1 FY27 volume missed management guidance of 875,000 tonnes, margin per tonne held above Rs 5,500, and the stock rallied to Rs 2,270 in September before easing. This APL Apollo Tubes stock analysis covers the APL Apollo Tubes share price today, the APL Apollo Tubes share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a APL Apollo Tubes buy or sell view.

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What Is the APL Apollo Tubes Share Price Target for 2026?

The 2026 target for APL Apollo Tubes shares is Rs 2,046 to Rs 2,232 in the Univest base case, which is -2.7% to +6.1% against the latest price. The bull case is Rs 2,520 to Rs 2,730 and the bear case is Rs 1,512 to Rs 1,674. JM Financial has an Add with an unchanged 12-month target of Rs 2,140, and Nuvama kept a Buy while trimming its target on a cut to its target multiple to 33 times from 35 times. Analyst consensus is used as a cross-check, not as the base.

APL Apollo Tubes Share Price Target Scenarios: Bull Case, Base Case and Bear Case

Scenario	FY28E EPS	Target Multiple	Price Target (Rs)	Move vs Rs 2,103.80
Bull Case	Rs 70	36x to 39x	2,520 to 2,730	+19.8% to +29.8%
Base Case	Rs 62	33x to 36x	2,046 to 2,232	-2.7% to +6.1%
Bear Case	Rs 54	28x to 31x	1,512 to 1,674	-28.1% to -20.4%

FY28 EPS of Rs 62 in the base case is about 40 percent above trailing EPS of Rs 44.26 and assumes volume growth of 15 percent in FY28 and EBITDA per tonne near Rs 5,500. The bull case needs volume to recover to management’s 15 to 20 percent growth path, and the bear case assumes weak demand and falling steel prices continue. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. This is what sets the APL Apollo Tubes share price target range around the current price.

APL Apollo Tubes Company Overview and Share Price Today as of 5 October 2026

APL Apollo Tubes share price today is Rs 2,103.80 on the NSE at about 10:15 AM IST on 5 October 2026, and it changes through the session. The market capitalisation is Rs 58,861 crore, and the stock trades at 47.9 times earnings against an industry average of 46.4 times. The Univest base case APL Apollo Tubes share price target of Rs 2,046 to Rs 2,232 is -2.7% to +6.1% from here.

Parameter	Value	Context
NSE Ticker	APLAPOLLO	BSE code 533758
Sector	Steel tubes and pipes	Per Univest sector classification
Latest Price (NSE)	Rs 2,103.80	5 Oct 2026, 10:15 AM IST
52-Week High	Rs 2,301.40	CMP is 8.6% below
52-Week Low	Rs 1,690.00	CMP is 24.5% above
1-Year Return	About +21%	Weekly close Rs 1,738.20 on 3 Oct 2025 to Rs 2,104.30
Market Capitalisation	Rs 58,861 crore	Large cap steel tubes maker
Trailing P/E	About 47.9x	Industry P/E about 46.4x
P/B Ratio	About 11.11x	Book value Rs 190.76 per share
EPS (TTM)	Rs 44.26	Trailing twelve months
Return on Equity	About 22.7%	Debt to equity 0.09
Dividend Yield	About 0.40%	Paid yearly
12-Month Target (Base Case)	Rs 2,046 to Rs 2,232	Univest base case
Bull Case	Rs 2,520 to Rs 2,730	+19.8% to +29.8%
Bear Case	Rs 1,512 to Rs 1,674	-28.1% to -20.4%

Track live price, fundamentals and results for APL Apollo Tubes on the Univest Screener.

How Did APL Apollo Tubes Perform in Q1 FY27?

APL Apollo Tubes reported Q1 FY27 sales volume of 744,823 tonnes, down 6 percent year on year and 19 percent quarter on quarter, against guidance of 875,000 tonnes. EBITDA rose 11 percent to Rs 411 crore and net profit rose 11 percent to Rs 263.11 crore. EBITDA per tonne rose 18 percent to Rs 5,522.

Metric	Q1 FY27	Context
Sales Volume	744,823 tonnes	Down 6% year on year; guidance was 875,000
EBITDA	Rs 411 crore	Up 11%
EBITDA per Tonne	Rs 5,522	Up 18% from Rs 4,683
Net Profit	Rs 263.11 crore	Up 11%; down 26% from Q4 FY26
FY27 Volume Guidance	15% to 20% growth	Management reiterated
FY27 EBITDA Growth Guidance	Above 20%	Management reiterated

Management blamed soft demand, labour shortages and geopolitical uncertainty, and it expects EBITDA per tonne of Rs 5,000 to 5,500 in FY27 with a long-term target of Rs 6,000 per tonne at 8 million tonnes of capacity. Phased capacity additions start in the second half of FY27. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every APL Apollo Tubes share price target in the scenario table above.

Why Did APL Apollo Tubes Shares Rise 21 Percent in a Year but Ease From the High?

APL Apollo Tubes shares rose about 21 percent in a year on margin gains, but they have eased about 8.6 percent from the Rs 2,301.40 high of the week of 9 February. The stock rallied from Rs 1,820 in early August to Rs 2,270 in mid-September after Q1 results.

The volume miss against guidance is the main reason for caution, since management guided for 15 to 20 percent growth. JM Financial expects a weak Q2 FY27 with falling steel prices and destocking. The APL Apollo Tubes share price target scenarios below account for that move.

Key Catalysts for the APL Apollo Tubes Share Price Target in 2026

4 catalysts matter most for the stock, and sector tailwinds in Steel tubes and pipes are part of the case. Together they decide whether the APL Apollo Tubes share price target in the base case is reached.

1. Volume Recovery

Management guides for 15 to 20 percent volume growth in FY27, which needs strong quarters ahead after a Q1 of 744,823 tonnes. Phased capacity additions begin in the second half of FY27. This supports the APL Apollo Tubes share price target.

2. EBITDA per Tonne

EBITDA per tonne was Rs 5,522 against Rs 4,683 a year ago, and management expects Rs 5,000 to 5,500 in FY27. The long-term target is Rs 6,000 at 8 million tonnes. It is a key input for the APL Apollo Tubes share price target.

3. Value-Added Product Mix

A better mix of branded and value-added tubes lifted margin even on lower volume. A larger share of such products supports profit per tonne. Watch it closely when tracking the APL Apollo Tubes share price target.

4. Capacity Expansion

New plants reduce freight disadvantages in underserved markets. The capacity build supports the move toward 8 million tonnes. It feeds directly into the APL Apollo Tubes share price target.

What Are the Key Risks to the APL Apollo Tubes Share Price Target?

The main risks are weak demand, steel price volatility, a premium valuation and a guidance cut. Each can pull the APL Apollo Tubes share price target lower.

Weak Demand

Q1 volume fell 19 percent from Q4 FY26 on soft demand and labour shortages. A slow Q2 would push the volume recovery into the second half. It is a downside risk to the APL Apollo Tubes share price target.

Steel Price Volatility

JM Financial expects falling hot-rolled coil prices and destocking in Q2 FY27. Price falls cut realisations and inventory value. This could pull the APL Apollo Tubes share price target lower.

Guidance Cut Risk

JM Financial said the volume miss raises the chance of a downward revision to FY27 guidance. A cut would hit estimates and the multiple. Investors should weigh it against the APL Apollo Tubes share price target.

Premium Valuation

The stock trades at 47.9 times earnings and 11.1 times book. A de-rating toward 28 times FY28 EPS would put the price near Rs 1,700. It is the main swing factor for the bear case of the APL Apollo Tubes share price target.

APL Apollo Tubes Stock Analysis: Support and Resistance Levels

APL Apollo Tubes stock analysis on weekly charts shows a range of Rs 2,041 to Rs 2,281 since mid-August, with the stock near the lower half after the September high.

The first support level is Rs 2,041 to Rs 2,060, the lows of the weeks of 14 and 28 September. Below that, Rs 1,950 is the early-August low, and a weekly close under Rs 2,040 would weaken the trend.

The first resistance level is Rs 2,224 to Rs 2,281, the highs of the weeks of 24 August, 14 September and 28 September. Above that, Rs 2,301.40 is the 52-week high. These levels come from weekly price action, are not trade recommendations, and frame the near-term APL Apollo Tubes share price target.

APL Apollo Tubes Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term

Short-Term APL Apollo Tubes Share Price Target (3 to 6 Months)

In the near term the stock is likely to trade between Rs 2,040 and Rs 2,280, from the mid-September low to the late-August high. A close above Rs 2,281 would put Rs 2,301 in play, while a break under Rs 2,040 would put Rs 1,950 in play. Q2 FY27 volume is the main trigger. This range anchors the near-term APL Apollo Tubes share price target.

12-Month and 2027 APL Apollo Tubes Share Price Target

The 12-month target price is Rs 2,046 to Rs 2,232, valued on 33 to 36 times FY28 EPS of Rs 62. The range across scenarios runs from Rs 1,512 in the bear case to Rs 2,730 in the bull case.

Long-Term APL Apollo Tubes Share Price Target for FY29 to 2030

For FY29 to 2030 the Univest scenario range is Rs 2,340 to Rs 3,060. This assumes EPS of Rs 78 in FY29 and Rs 90 in FY30 and a multiple of 30 to 34 times. It needs volume growth of 15 percent and EBITDA per tonne near Rs 6,000 at 8 million tonnes. This is the long-term APL Apollo Tubes share price target in the Univest scenarios.

Bull Case and Bear Case for APL Apollo Tubes Share Price Target

Bull Case Rs 2,520 to Rs 2,730

The bull case of Rs 2,520 to Rs 2,730 for the APL Apollo Tubes share price target needs EPS of Rs 70 and the market to pay 36 to 39 times for it. It is +19.8% to +29.8% from the latest price.

Bear Case Rs 1,512 to Rs 1,674

The bear case of Rs 1,512 to Rs 1,674 for the APL Apollo Tubes share price target equals 28 to 31 times FY28 EPS of Rs 54 and sits near the Rs 1,690 low. It is -28.1% to -20.4% from the latest price.

Is APL Apollo Tubes a Good Buy at Rs 2,104? APL Apollo Tubes Buy or Sell View

Whether APL Apollo Tubes is a buy at Rs 2,103.80 depends on horizon and risk appetite. The base case implies -3 to 6 percent from here, the JM Financial target of Rs 2,140 is close to the price, and the open question is when volume recovers. The APL Apollo Tubes share price target range is the starting point for that decision.

Long-term holders may focus on EBITDA per tonne, the capacity build and 22.7 percent return on equity, and treat Rs 2,040 as the level to watch. Short-term traders may prefer to wait for the Q2 FY27 volume numbers. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this APL Apollo Tubes buy or sell view is educational.

How to Invest in APL Apollo Tubes Shares

Step 1: Check the live price, valuation and the latest APL Apollo Tubes share price target range on the Univest Screener.

Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any APL Apollo Tubes share price target.

Step 3: Search for APLAPOLLO on the NSE or 533758 on the BSE in your trading app.

Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 1,512 is bearable.

Step 5: Track monthly volume, EBITDA per tonne and Q2 FY27 results and set price alerts on the Univest App.

Conclusion

APL Apollo Tubes closed at Rs 2,103.80 against a Univest base case share price target of Rs 2,046 to Rs 2,232, a bull case of Rs 2,520 to Rs 2,730 and a bear case of Rs 1,512 to Rs 1,674. Q1 FY27 delivered an 11 percent profit rise to Rs 263.11 crore with EBITDA per tonne at Rs 5,522, but volume fell 6 percent. The main risks are weak demand, steel prices and valuation.

The stock is 8.6 percent below its 52-week high, so the base case implies roughly -3 to 6 percent from here. The triggers to watch are Q2 FY27 volume and the Rs 2,040 and Rs 2,281 levels. Re-check the APL Apollo Tubes share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.

Download the Univest iOS App or Univest Android App to track APL Apollo Tubes live price and get daily stock recommendations.

FAQs on APL Apollo Tubes Share Price Target 2026

What is the APL Apollo Tubes share price target for 2026?

Ans. The APL Apollo Tubes share price target for 2026 is Rs 2,046 to Rs 2,232 in the Univest base case, with a bull case of Rs 2,520 to Rs 2,730 and a bear case of Rs 1,512 to Rs 1,674. JM Financial has an Add with a target of Rs 2,140, and Nuvama has a Buy with a trimmed target. These are estimates and can change after the Q2 FY27 results.

What is the APL Apollo Tubes share price target for 2027?

Ans. The APL Apollo Tubes share price target for 2027 is Rs 2,046 to Rs 2,232 in the base case, valued on 33 to 36 times FY28 EPS of Rs 62. The scenario range runs from Rs 1,512 to Rs 2,730.

Is APL Apollo Tubes a good buy at Rs 2,103.80?

Ans. Whether APL Apollo Tubes is a good buy at Rs 2,103.80 depends on your horizon and risk appetite. Q1 FY27 profit rose 11 percent and margin per tonne is strong, but volume missed guidance and the stock trades at about 48 times earnings. Consult a SEBI-registered advisor before investing.

What are the key risks to the APL Apollo Tubes share price target?

Ans. The key risks to the APL Apollo Tubes share price target are weak demand, steel price volatility, guidance cut risk and premium valuation. Q1 volume fell 19 percent from Q4 FY26 on soft demand and labour shortages. A slow Q2 would push the volume recovery into the second half.

What are the key catalysts for the APL Apollo Tubes share price?

Ans. The key catalysts for the APL Apollo Tubes share price target are volume recovery, ebitda per tonne, value-added product mix and capacity expansion. Management guides for 15 to 20 percent volume growth in FY27, which needs strong quarters ahead after a Q1 of 744,823 tonnes. Phased capacity additions begin in the second half of FY27.

Where can I track APL Apollo Tubes share price today and target updates?

Ans. You can track the live APL Apollo Tubes share price, results and any change to the APL Apollo Tubes share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.

What are APL Apollo Tubes’s 52-week high and low?

Ans. APL Apollo Tubes’s 52-week high is Rs 2,301.40 and its 52-week low is Rs 1,690.00, based on weekly NSE data. At Rs 2,103.80 the stock is 8.6 percent below the high and 24.5 percent above the low. Both levels frame the APL Apollo Tubes share price target.

How to buy APL Apollo Tubes shares?

Ans. Open a demat account with a SEBI-registered broker such as Univest, search for APLAPOLLO on the NSE or 533758 on the BSE, and place a limit order near your entry price, using the APL Apollo Tubes share price target range as a guide. Size the position so a fall to Rs 1,512 is bearable, and check the live price on the Univest Screener first.