Jindal Stainless vs APL Apollo Tubes vs Mukand: Which Stock Should You Track

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.

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.