{"id":243133,"date":"2026-09-11T10:31:44","date_gmt":"2026-09-11T05:01:44","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=243133"},"modified":"2026-09-11T10:31:44","modified_gmt":"2026-09-11T05:01:44","slug":"structural-steel-tubes-stock-rises-165-percent-in-5-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/","title":{"rendered":"This Structural Steel Tubes Stock Rises 165% in 5 Years: What Built the Rally?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP Rs 2,194.80 (10 Sep 2026). 5-year return 164.54%, rank 41 of 101. 1-year return 28.23%. 52W range Rs 1,653.30 to Rs 2,301.40. Market cap Rs 60,182 Cr.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">APL Apollo Tubes, India&#8217;s largest maker of structural steel tubes, returned approximately 164.54% over five years on a bonus-adjusted basis. The rise came from capacity growth to about 5 million tonnes, a richer value-added mix and a record FY26 with profit up about 59%. The 1-year return is a steadier 28.23%, and valuations are rich at a PE near 50.<\/p>\n<\/div>\n<p>This structural steel tubes stock has delivered a return of approximately 164.54% over five years, turning Rs 1 lakh into roughly Rs 2.65 lakh. It ranks 41st out of 101 large-cap and mid-cap NSE shares on 5-year returns in our screen, as of 10 September 2026.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/aplapollo\/apl-apollo-tubes-ltd-share-price-today'>APL Apollo Tubes Ltd<\/a><\/strong> (NSE: APLAPOLLO), India&#8217;s largest maker of structural steel tubes, with a market capitalisation of approximately Rs 60,182 crore. The APL Apollo share closed at Rs 2,194.80 on 10 September 2026 and traded near Rs 2,132 on the morning of 11 September, down about 2.9%, as profit booking hit the counter.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#How_Much_Has_This_Structural_Steel_Tubes_Stock_Returned\" title=\"How Much Has This Structural Steel Tubes Stock Returned?\">How Much Has This Structural Steel Tubes Stock Returned?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Is_the_165_Rise_Real_or_a_Bonus_Effect\" title=\"Is the 165% Rise Real or a Bonus Effect?\">Is the 165% Rise Real or a Bonus Effect?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Why_Did_This_Structural_Steel_Tubes_Stock_Rise_165_in_5_Years\" title=\"Why Did This Structural Steel Tubes Stock Rise 165% in 5 Years?\">Why Did This Structural Steel Tubes Stock Rise 165% in 5 Years?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#1_Early_Phase_Capacity_Build-Out_and_Market_Leadership\" title=\"1. Early Phase: Capacity Build-Out and Market Leadership\">1. Early Phase: Capacity Build-Out and Market Leadership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#2_Shift_to_Value-Added_Products_and_Brands\" title=\"2. Shift to Value-Added Products and Brands\">2. Shift to Value-Added Products and Brands<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#3_Recent_Phase_A_Record_FY26\" title=\"3. Recent Phase: A Record FY26\">3. Recent Phase: A Record FY26<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#4_A_Net_Cash_Balance_Sheet\" title=\"4. A Net Cash Balance Sheet\">4. A Net Cash Balance Sheet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#5_New_Demand_Streams_and_an_8_Million_Tonne_Plan\" title=\"5. New Demand Streams and an 8 Million Tonne Plan\">5. New Demand Streams and an 8 Million Tonne Plan<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Latest_Quarterly_Results_of_This_Structural_Steel_Tubes_Stock\" title=\"Latest Quarterly Results of This Structural Steel Tubes Stock\">Latest Quarterly Results of This Structural Steel Tubes Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Who_Owns_This_Structural_Steel_Tubes_Stock\" title=\"Who Owns This Structural Steel Tubes Stock?\">Who Owns This Structural Steel Tubes Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Valuation_Check_on_the_Structural_Steel_Tubes_Stock\" title=\"Valuation Check on the Structural Steel Tubes Stock\">Valuation Check on the Structural Steel Tubes Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Key_Risks_for_This_Structural_Steel_Tubes_Stock\" title=\"Key Risks for This Structural Steel Tubes Stock\">Key Risks for This Structural Steel Tubes Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#APL_Apollo_Share_Analyst_View\" title=\"APL Apollo Share: Analyst View\">APL Apollo Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#APL_Apollo_Share_Price_Target\" title=\"APL Apollo Share Price Target\">APL Apollo Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Which_structural_steel_tubes_stock_rose_165_in_5_years\" title=\"Which structural steel tubes stock rose 165% in 5 years?\">Which structural steel tubes stock rose 165% in 5 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Is_the_5-year_return_of_APL_Apollo_adjusted_for_the_bonus_issue\" title=\"Is the 5-year return of APL Apollo adjusted for the bonus issue?\">Is the 5-year return of APL Apollo adjusted for the bonus issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Why_did_the_APL_Apollo_share_price_rise_over_5_years\" title=\"Why did the APL Apollo share price rise over 5 years?\">Why did the APL Apollo share price rise over 5 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#What_were_APL_Apollo_Q1_FY27_results\" title=\"What were APL Apollo Q1 FY27 results?\">What were APL Apollo Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#What_is_the_APL_Apollo_share_price_target\" title=\"What is the APL Apollo share price target?\">What is the APL Apollo share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#Is_this_structural_steel_tubes_stock_overvalued\" title=\"Is this structural steel tubes stock overvalued?\">Is this structural steel tubes stock overvalued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#What_is_the_52-week_high_and_low_of_APL_Apollo\" title=\"What is the 52-week high and low of APL Apollo?\">What is the 52-week high and low of APL Apollo?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/structural-steel-tubes-stock-rises-165-percent-in-5-years\/#What_are_the_key_risks_for_APL_Apollo\" title=\"What are the key risks for APL Apollo?\">What are the key risks for APL Apollo?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Structural_Steel_Tubes_Stock_Returned\"><\/span><strong>How Much Has This Structural Steel Tubes Stock Returned?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The shorter windows show a slower climb. This structural steel tubes stock did a large part of its compounding between 2021 and 2023, paused through 2024 and early 2025, and has picked up again over the last twelve months.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>7.69%<\/td>\n<td>27<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>9.79%<\/td>\n<td>82<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>28.23%<\/td>\n<td>50<\/td>\n<\/tr>\n<tr>\n<td>3 Years<\/td>\n<td>33.25%<\/td>\n<td>78<\/td>\n<\/tr>\n<tr>\n<td>5 Years<\/td>\n<td>164.54%<\/td>\n<td>41<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Returns are simple price changes and are not annualised. The 5-year figure works out to a compounded annual return of roughly 21.5%, while the 3-year figure is only about 10% a year.<\/p>\n<p>The 1-year return of 28.23% places this structural steel tubes stock in the middle of the pack, ranked 50th. The 1-month gain of 7.69% ranks 27th, which suggests buying interest has returned in recent weeks after a soft first quarter.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_the_165_Rise_Real_or_a_Bonus_Effect\"><\/span><strong>Is the 165% Rise Real or a Bonus Effect?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The rise in this structural steel tubes stock is real price appreciation. APL Apollo issued 1:1 bonus shares with an ex-date of 16 September 2021, which falls just inside the 5-year window, and the return figure is adjusted for that bonus. On an adjusted basis, the starting price works out to roughly Rs 830 against the Rs 2,194.80 close on 10 September 2026.<\/p>\n<p>An earlier 1:5 stock split in December 2020 falls outside the window. So investors who held this structural steel tubes stock through the period saw their holding value rise by about 2.65 times, not an accounting mirage created by extra shares.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Structural_Steel_Tubes_Stock_Rise_165_in_5_Years\"><\/span><strong>Why Did This Structural Steel Tubes Stock Rise 165% in 5 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This structural steel tubes stock rose because the business nearly doubled in size while staying debt-light. Revenue grew from Rs 13,104 crore in FY22 to Rs 23,191 crore in FY26, and net profit climbed from Rs 619 crore to Rs 1,203 crore. The drivers changed over time, so it helps to split them into early and recent phases.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Early_Phase_Capacity_Build-Out_and_Market_Leadership\"><\/span><strong>1. Early Phase: Capacity Build-Out and Market Leadership<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Between FY21 and FY23, installed capacity grew at roughly 16% a year, reaching about 4.15 million tonnes by September 2023. The 1.2 million tonne Raipur plant, one of the largest single-location tube facilities in the world, was the centrepiece of that expansion. That capacity build-out laid the base for the structural steel tubes stock rerating.<\/p>\n<p>Scale gave the business behind this structural steel tubes stock pricing power. APL Apollo describes itself as the largest electric resistance welded tube maker in India, and its market share has since moved to around 60% to 65% from about 55%, according to a domestic brokerage. That leadership is the base on which this structural steel tubes stock was re-rated.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Shift_to_Value-Added_Products_and_Brands\"><\/span><strong>2. Shift to Value-Added Products and Brands<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The structural steel tubes stock also gained as the company pushed products such as pre-galvanised tubes, colour-coated sections, door frames and heavy sections that earn better realisations than plain black pipes. Value-added products now make up about 65% of the mix, and management targets 75% to 80%.<\/p>\n<p>The premium APL Apollo brand targets builders and infrastructure, while the SG Premium brand competes with lower-priced secondary steel. This mix is why EBITDA per tonne for the structural steel tubes stock rose to about Rs 5,161 in FY26, up approximately 36% from the year before.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Recent_Phase_A_Record_FY26\"><\/span><strong>3. Recent Phase: A Record FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>FY26 was the strongest year in the company&#8217;s history. Sales volume rose about 11% to approximately 3.49 million tonnes, EBITDA rose about 50% to Rs 1,802 crore and net profit jumped about 59% to Rs 1,203 crore, as reported by the company. Record volumes are the clearest proof of demand for a structural steel tubes stock.<\/p>\n<p>Q4 FY26 set a record with volume of about 9.25 lakh tonnes and EBITDA per tonne of Rs 5,525. The share recovered through the second half of FY26 as these numbers came in, which explains most of its 28.23% gain over the past year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_A_Net_Cash_Balance_Sheet\"><\/span><strong>4. A Net Cash Balance Sheet<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Unlike many manufacturers, the company behind this structural steel tubes stock funded its growth from internal accruals. Debt to equity fell from 0.31 in FY24 to 0.12 in FY26 and about 0.09 now, and the company reported a net cash position of approximately Rs 1,532 crore at the end of FY26.<\/p>\n<p>Operating cash flow rose from Rs 652 crore in FY22 to Rs 2,103 crore in FY26, while capex stayed near Rs 600 crore to Rs 860 crore a year. Strong cash generation is a key reason institutions have been willing to pay a premium multiple for this structural steel tubes stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_New_Demand_Streams_and_an_8_Million_Tonne_Plan\"><\/span><strong>5. New Demand Streams and an 8 Million Tonne Plan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Management plans to lift capacity from about 5 million tonnes to 8 million tonnes by FY28. That includes around 2 million tonnes of new plants in Gorakhpur, Siliguri, Malur and the western coast, plus 1 million tonnes from debottlenecking, with remaining capex of about Rs 1,400 crore to Rs 1,500 crore. Execution on this plan will decide the next leg for the structural steel tubes stock.<\/p>\n<p>Solar structures, data centres, warehouses and metro projects are adding new uses for hollow sections. These newer end markets give the structural steel tubes stock a growth story that is less dependent on housing alone.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Latest_Quarterly_Results_of_This_Structural_Steel_Tubes_Stock\"><\/span><strong>Latest Quarterly Results of This Structural Steel Tubes Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For this structural steel tubes stock, Q1 FY27 was softer on volumes but held up on profit. Sales volume fell about 6% year on year to 7.45 lakh tonnes, well short of the 8.75 lakh tonnes the company had guided for, but EBITDA per tonne rose about 18% to Rs 5,522.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Total Income (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>Net Margin<\/th>\n<th>EPS (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025 (Q1 FY26)<\/td>\n<td>5,195<\/td>\n<td>237<\/td>\n<td>4.74%<\/td>\n<td>8.55<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025 (Q2 FY26)<\/td>\n<td>5,231<\/td>\n<td>302<\/td>\n<td>5.99%<\/td>\n<td>10.86<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025 (Q3 FY26)<\/td>\n<td>6,007<\/td>\n<td>310<\/td>\n<td>5.33%<\/td>\n<td>11.17<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026 (Q4 FY26)<\/td>\n<td>6,306<\/td>\n<td>354<\/td>\n<td>5.83%<\/td>\n<td>12.76<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026 (Q1 FY27)<\/td>\n<td>5,646<\/td>\n<td>263<\/td>\n<td>4.84%<\/td>\n<td>9.48<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Net profit in Q1 FY27 rose about 11% year on year to Rs 263 crore, and reported EBITDA rose about 11% to Rs 411 crore. The APL Apollo share price jumped approximately 6.6% to Rs 1,939.50 on 3 August 2026, the day after results, as the market focused on margin resilience rather than the volume miss.<\/p>\n<p>Management blamed the volume shortfall on geopolitical disruption in the Gulf, which hit the Dubai unit, and energy supply issues in India. It said July volumes rose about 20% month on month and kept FY27 guidance for this structural steel tubes stock of 15% to 20% volume growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Owns_This_Structural_Steel_Tubes_Stock\"><\/span><strong>Who Owns This Structural Steel Tubes Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Foreign institutions are the largest shareholder group in this structural steel tubes stock. FII holding rose from 33.05% in June 2025 to a peak of 37.51% in March 2026 before easing to 35.11% in June 2026.<\/p>\n<table>\n<thead>\n<tr>\n<th>Shareholder<\/th>\n<th>Jun 2025<\/th>\n<th>Sep 2025<\/th>\n<th>Dec 2025<\/th>\n<th>Mar 2026<\/th>\n<th>Jun 2026<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Promoters<\/td>\n<td>28.31%<\/td>\n<td>28.30%<\/td>\n<td>28.27%<\/td>\n<td>28.25%<\/td>\n<td>28.25%<\/td>\n<\/tr>\n<tr>\n<td>FIIs<\/td>\n<td>33.05%<\/td>\n<td>33.72%<\/td>\n<td>33.12%<\/td>\n<td>37.51%<\/td>\n<td>35.11%<\/td>\n<\/tr>\n<tr>\n<td>DIIs<\/td>\n<td>16.83%<\/td>\n<td>18.91%<\/td>\n<td>19.91%<\/td>\n<td>16.05%<\/td>\n<td>18.59%<\/td>\n<\/tr>\n<tr>\n<td>Public<\/td>\n<td>21.80%<\/td>\n<td>19.07%<\/td>\n<td>18.69%<\/td>\n<td>18.19%<\/td>\n<td>18.05%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Domestic institutions raised their stake in the structural steel tubes stock to 18.59% in June 2026 from 16.05% in March, with several midcap mutual funds adding to positions. Public holding has fallen steadily from 21.80% to 18.05%, as institutions absorbed shares from retail holders.<\/p>\n<p>Promoter holding has stayed flat at about 28.25%, which shows no meaningful promoter selling during the recent rise in this structural steel tubes stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Check_on_the_Structural_Steel_Tubes_Stock\"><\/span><strong>Valuation Check on the Structural Steel Tubes Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The structural steel tubes stock trades at a PE of approximately 49.7 against an industry PE of about 46.3, and a price to book of about 11.5. Return on equity is healthy at approximately 22.7%.<\/p>\n<p>That premium for the structural steel tubes stock is justified only if earnings keep compounding at 20% or more. A domestic brokerage values the stock at 35 times FY28 estimated EPS, which leaves limited room for disappointment at the current price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_This_Structural_Steel_Tubes_Stock\"><\/span><strong>Key Risks for This Structural Steel Tubes Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest risk for this structural steel tubes stock is that volume growth stalls while the valuation stays high. Q1 FY27 volumes missed guidance by a wide margin, and a second weak quarter could force a cut in the full-year target.<\/p>\n<p><strong>Competition from upstream steel mills:<\/strong> Large integrated steel producers are adding pipe and tube capacity, including a reported 4 million tonnes by one major player. More supply could pressure the pricing power of this structural steel tubes stock.<\/p>\n<p><strong>Steel price swings:<\/strong> Hot-rolled coil is the main raw material for this structural steel tubes stock. Sharp falls in steel prices can trigger dealer destocking and inventory losses.<\/p>\n<p><strong>Gulf exposure:<\/strong> The Dubai plant ran at around 50% utilisation in recent months due to West Asia disruption, against about 80% earlier.<\/p>\n<p><strong>Demand cycle:<\/strong> Construction and infrastructure spending drive most volumes. Q2 is seasonally weak due to the monsoon, and slower government capex would weigh on the structural steel tubes stock.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the APL Apollo share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"APL_Apollo_Share_Analyst_View\"><\/span><strong>APL Apollo Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The analyst view on the APL Apollo share remains broadly positive but more cautious after the Q1 FY27 volume miss. Brokerages covering this structural steel tubes stock like the margins, net cash and capacity roadmap, but several have trimmed estimates.<\/p>\n<p>A domestic brokerage cut its FY27 to FY29 EPS estimates by 3% to 6% after the June quarter update while keeping a buy rating. The common view is that this structural steel tubes stock needs a volume recovery in the second half of FY27 to justify its multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"APL_Apollo_Share_Price_Target\"><\/span><strong>APL Apollo Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The most recent verified APL Apollo share price target from a domestic brokerage is Rs 2,250 with a buy rating, set in June 2026 on 35 times FY28 estimated EPS. Another domestic brokerage cut its APL Apollo share price target to Rs 2,067 from Rs 2,231 in July 2026, and a third set Rs 2,140.<\/p>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Figure<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>APL Apollo Share Price (10 Sep 2026 close)<\/td>\n<td>Rs 2,194.80<\/td>\n<\/tr>\n<tr>\n<td>Highest Recent Brokerage Target<\/td>\n<td>Rs 2,250<\/td>\n<\/tr>\n<tr>\n<td>Lowest Recent Brokerage Target<\/td>\n<td>Rs 2,067<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 2,301.40<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 1,653.30<\/td>\n<\/tr>\n<tr>\n<td>PE vs Industry PE<\/td>\n<td>49.7 vs 46.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>With the APL Apollo share price already near Rs 2,195, the stock trades close to or above most recent targets. An APL Apollo share price target is an estimate based on assumptions about volumes and margins, not a promise, and the targets may be revised again after Q2 FY27 results.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>APL Apollo earned its 165% gain over five years through real business growth. Revenue nearly doubled, net profit nearly doubled, the balance sheet moved to net cash and the company strengthened its lead as India&#8217;s largest structural steel tubes maker. That makes this structural steel tubes stock a rare mix of scale and financial discipline.<\/p>\n<p>The past three years have been slower, and the stock now trades at a PE near 50 with volumes under pressure. Existing holders can track quarterly volumes and EBITDA per tonne, while new investors in this structural steel tubes stock may prefer staggered entries rather than chasing the APL Apollo share price near its 52-week high.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_structural_steel_tubes_stock_rose_165_in_5_years\"><\/span><strong>Which structural steel tubes stock rose 165% in 5 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> APL Apollo Tubes (NSE: APLAPOLLO) is the structural steel tubes stock that returned approximately 164.54% over five years as of 10 September 2026. It ranked 41st out of 101 large-cap and mid-cap NSE shares on 5-year returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_5-year_return_of_APL_Apollo_adjusted_for_the_bonus_issue\"><\/span><strong>Is the 5-year return of APL Apollo adjusted for the bonus issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, the return is adjusted for the 1:1 bonus issue that went ex-date on 16 September 2021. The gain reflects genuine price appreciation, with an adjusted starting price of roughly Rs 830.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_APL_Apollo_share_price_rise_over_5_years\"><\/span><strong>Why did the APL Apollo share price rise over 5 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The APL Apollo share price rose on strong capacity growth, a higher share of value-added products and a record FY26. Revenue grew from Rs 13,104 crore in FY22 to Rs 23,191 crore in FY26, and net profit nearly doubled to Rs 1,203 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_APL_Apollo_Q1_FY27_results\"><\/span><strong>What were APL Apollo Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> APL Apollo reported Q1 FY27 net profit of Rs 263 crore, up about 11% year on year. Volume fell about 6% to 7.45 lakh tonnes, but EBITDA per tonne rose about 18% to Rs 5,522.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_APL_Apollo_share_price_target\"><\/span><strong>What is the APL Apollo share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Recent domestic brokerage targets range from Rs 2,067 to Rs 2,250. With the stock near Rs 2,195, the upside implied by these targets is limited, and they are estimates rather than guaranteed outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_structural_steel_tubes_stock_overvalued\"><\/span><strong>Is this structural steel tubes stock overvalued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It trades at a PE of approximately 49.7, slightly above the industry PE of about 46.3, with a price to book near 11.5. The premium reflects a 22.7% ROE and net cash, but it needs earnings growth of 20% or more to hold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_high_and_low_of_APL_Apollo\"><\/span><strong>What is the 52-week high and low of APL Apollo?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The APL Apollo share has a 52-week high of Rs 2,301.40 and a 52-week low of Rs 1,653.30 on NSE. It closed at Rs 2,194.80 on 10 September 2026, about 5% below its high.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_for_APL_Apollo\"><\/span><strong>What are the key risks for APL Apollo?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks for this structural steel tubes stock are weak volumes, new tube capacity from large steel mills, steel price swings and Gulf disruption at the Dubai plant. A high valuation means any earnings miss could lead to a sharp correction.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which structural steel tubes stock rose 165% in 5 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"APL Apollo Tubes (NSE: APLAPOLLO) is the structural steel tubes stock that returned approximately 164.54% over five years as of 10 September 2026. 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It closed at Rs 2,194.80 on 10 September 2026, about 5% below its high.\"}},{\"@type\":\"Question\",\"name\":\"What are the key risks for APL Apollo?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks for this structural steel tubes stock are weak volumes, new tube capacity from large steel mills, steel price swings and Gulf disruption at the Dubai plant. A high valuation means any earnings miss could lead to a sharp correction.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One structural steel tubes maker turned Rs 1 lakh into roughly Rs 2.65 lakh in five years. Here is what powered the 165% rise, why growth slowed recently, and the risks to watch.<\/p>\n","protected":false},"author":29,"featured_media":243132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-243133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["243132"],"rank_math_title":["Structural Steel Tubes Stock Up 165% in 5 Years: Key Drivers"],"rank_math_description":["This structural steel tubes stock rose approximately 165% in 5 years, turning Rs 1 lakh into Rs 2.65 lakh. See the growth drivers, Q1 FY27 numbers, targets and risks."],"rank_math_focus_keyword":["structural steel tubes stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/structural-steel-tubes-stock-rises-165-percent-in-5-years.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/243133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=243133"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/243133\/revisions"}],"predecessor-version":[{"id":243134,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/243133\/revisions\/243134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/243132"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=243133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=243133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=243133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}