APL Apollo Tubes cash flow

Latest FY26

Cash from operations: ₹2,103cr+73.3% on FY25
Capital spending: ₹696cr−3.6% on FY25
Free cash flow: ₹1,407cr+186.7% on FY25
Cash from financing: −₹438cr−₹815 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	231	201	176	138
	—	125	133	113	67.1
	—	−73.2	−53.4	−44.3	−22.4
	—	0.0	1.7	−1.0	1.0
	—	5.8	14.4	0.1	0.3
	—	7.4	1.1	−2.5	2.0
	—	0.0	0.2	−10.1	4.1
	—	3.2	−30.9	0.0	0.0
	—	175	12.5	−159	−634
	—	−103	−133	−0.1	199
	—	67.0	−28.9	−63.6	−271
	—	1.2	−0.5	1.9	−4.1
	—	183	−7.7	−62.4	−25.3
	—	8.1	0.5	−13.8	0.6
	—	131	250	385	538
	—	7.2	−0.0	18.8	0.2
	—	0.0	−0.2	−0.1	−0.4
	—	76.9	58.4	10.0	7.9
	—	−1.2	16.8	3.8	42.8
	—	0.0	0.0	0.5	−0.3
	—	−1.0	5.2	0.0	0.0
Cash from operating activities
	1,713	1,557	960	978	863
	—	844	440	352	42.9
	—	2,401	1,401	1,330	906
	—	298	188	218	216
	—	2,103	1,213	1,112	690
Cash from investing activities
	—	696	723	695	862
	—	44.3	0.0	33.0	19.7
	—	895	0.0	0.0	0.0
	—	110	71.3	0.0	0.0
	—	0.0	0.0	289	17.1
	—	0.0	247	0.0	0.0
	—	7.4	36.0	5.5	27.2
	—	0.0	0.0	1.1	5.0
	—	50.8	65.8	39.3	5.9
	—	−1,394	−375	−916	−876
Cash from financing activities
	—	0.0	0.0	2.8	2.7
	—	23.5	1,152	546	355
	—	186	1,666	288	65.3
	—	0.0	1.6	0.0	0.0
	—	116	147	94.1	60.2
	—	160	153	139	87.5
	—	0.0	0.0	−2.0	−0.6
	—	−438	−815	26.6	145
	—	271	23.6	222	−41.0
	—	4.4	0.0	0.0	164
	—	275	23.6	222	123
	—	—	369	345	123
Reference items
	1,972	1,802	1,199	1,192	1,022
	8.0%	7.8%	5.8%	6.6%	6.3%
	1,407	1,407	491	417	−172
	—	1,128	−166	574	—
	₹50.66	₹50.66	₹17.67	₹15.01	−₹6.19
	43.33×	—	—	—	—
	—	1.75×	1.60×	1.52×	1.08×
	—	298	188	218	216
	—	116	147	94.1	60.2

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

APLAPOLLO₹2,195.00

APL Apollo Tubes Ltd.

· Capital Goods & Defence

₹ CrorePeersSURYAROSNI BHEL SUZLON ASHOKLEY POLYCAB GVT&D POWERINDIA SUPREMEINDMcap ₹60,955 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	138.3	175.9	201.3	230.9	—
+ Finance Costs	67.1	113.4	133.3	125.4	—
+ Interest Income	-22.4	-44.3	-53.4	-73.2	—
+ Fair Value (Gains) / Losses	1.0	-1.0	1.7	0.0	—
+ Share-based Payments	0.3	0.1	14.4	5.8	—
+ Unrealised FX (Gain) / Loss	2.0	-2.5	1.1	7.4	—
+ Other Non-cash Items	4.1	-10.1	0.2	0.0	—
+ Other Reconciling Items	0.0	0.0	-30.9	3.2	—
Changes in Working Capital
+ Inventories	-634.0	-159.5	12.5	174.9	—
+ Trade Receivables — Current	199.0	-0.1	-132.9	-102.6	—
+ Other Financial Assets — Current	-271.4	-63.6	-28.9	67.0	—
+ Other Financial Assets — Non-current	-4.1	1.9	-0.5	1.2	—
+ Other Current Assets	-25.3	-62.4	-7.7	182.8	—
+ Other Non-current Assets	0.6	-13.8	0.5	8.1	—
+ Trade Payables — Current	537.5	384.6	249.6	131.3	—
+ Other Financial Liabilities — Current	0.2	18.8	-0.0	7.2	—
+ Other Financial Liabilities — Non-current	-0.4	-0.1	-0.2	0.0	—
+ Other Current Liabilities	7.9	10.0	58.4	76.9	—
+ Other Non-current Liabilities	42.8	3.8	16.8	-1.2	—
+ Provisions — Current	-0.3	0.5	0.0	0.0	—
+ Provisions — Non-current	0.0	0.0	5.2	-1.0	—
Cash from Operating Activities
Profit Before Tax (per I/S)	863.3	977.7	960.4	1,557.4	1,713.2
+ Total Adjustments (incl. Working Capital)	42.9	351.8	440.4	844.1	—
Cash from Operations (pre-tax)	906.2	1,329.5	1,400.8	2,401.5	—
+ Income Taxes Paid	216.1	218.0	187.5	298.3	—
Cash from Operating Activities	690.1	1,111.6	1,213.3	2,103.2	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	862.0	694.8	722.5	696.3	—
+ Disp of Fixed Assets	19.7	33.0	0.0	44.3	—
+ Acq of Investment Property	0.0	0.0	0.0	895.1	—
+ Disp of Investment Property	0.0	0.0	71.3	109.9	—
+ Acq of Other Long-term Assets	17.1	288.7	0.0	0.0	—
+ Disp of Other Long-term Assets	0.0	0.0	246.8	0.0	—
+ Purchase of Investments (Equity / Debt)	27.2	5.5	36.0	7.4	—
+ Sale of Investments (Equity / Debt)	5.0	1.1	0.0	0.0	—
+ Interest Received — Investing	5.9	39.3	65.8	50.8	—
Cash from Investing Activities	-875.7	-915.6	-374.7	-1,393.8	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	2.7	2.8	0.0	0.0	—
+ Proceeds from Borrowings	355.4	546.4	1,152.5	23.5	—
+ Repayment of Borrowings	65.3	287.9	1,666.0	185.9	—
+ Payment of Lease Liabilities	0.0	0.0	1.6	0.0	—
+ Interest Paid	60.2	94.1	147.2	116.4	—
+ Dividends Paid	87.5	138.7	152.6	159.6	—
+ Other Inflows / (Outflows) — Financing	-0.6	-2.0	0.0	0.0	—
Cash from Financing Activities	144.6	26.6	-814.9	-438.4	—
Net Changes in Cash (pre-FX)	-41.0	222.5	23.6	271.0	—
+ Effect of FX Rate Changes on Cash	163.7	0.0	0.0	4.4	—
Net Changes in Cash	122.7	222.5	23.6	275.4	—
Closing Cash	122.7	345.2	368.8	—	—
Reference Items
EBITDA	1,021.6	1,192.2	1,199.0	1,801.8	1,971.9
EBITDA Margin %	6.32	6.58	5.80	7.81	7.99
Free Cash Flow (CFO − Capex)	-172.0	416.7	490.8	1,406.9	1,406.9
Free Cash Flow to Equity	—	574.2	-166.2	1,128.1	—
Free Cash Flow per Basic Share	-6.19	15.01	17.67	50.66	50.66
Price to Free Cash Flow	—	—	—	—	43.33
Cash Flow to Net Income	1.08	1.52	1.60	1.75	—
Cash Paid for Taxes	216.1	218.0	187.5	298.3	—
Cash Paid for Interest	60.2	94.1	147.2	116.4	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.