About APL Apollo Tubes Ltd

APL Apollo Tubes Limited (APL Apollo) is one of India’s leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like urban infrastructures, housing, irrigation, solar plants, greenhouses and engineering. Key Points Product Portfolio As of FY24, The company's product portfolio comprises: Apollo structural (68% of revenues), Apollo Z (28%), Apollo Galv (4%) Product Application The products find their use in buildings, houses, warehouses, factories, skyscrapers & industrial & agricultural activities. The company is gradually De-commoditizing its Product Portfolio.[1] The company innovated[2] to be the world’s only company to make steel tubes with size range of 10x10mm to 1000x1000mm and thickness range of 0.23 mm to 40mm.[3] As of FY24, company has 16 registered patents in its name.[4] Dominant Market Share The company is the dominating player in the domestic market of steel construction pipes and presently commands a 50% market share (vs 27% in FY16).[5] They aim for 60% market share by 2025.[6] Value Added Products The company has been trying to increase the share of VAP. In FY24, Value added sales mix was 58% vs 56%(FY23). 97% of the revenue of the company is from Building Material and Infrastructure Sales. New Product from Raipur plant[9] 1. World’s 1st thicker color-coated products 2. World’s 1st Color coated structural steel tubes 3. India’s 1st 500x500mm dia structural steel tubes 4. India’s 1st and World’s 2nd 1,000x1,000mm 5. India’s 1st CRCA Black annealed tube 6. India’s 1st AluZinc tubes Projects[10] The company has completed various projects in Hospitals, Educational centers, Residential, Commercial, Railway Stations, Airports, etc. As of FY24, it has 45 project inquiries with 42mn sq. ft. visibility.