−8.1% from the high · +26% from the low
Short build-up into a 26-day expiry: futures OI +6.8% on a −3.4% day, the most call OI sits at 2,200, the most put OI at 2,200, max pain 2,200.
APLAPOLLO futures closed at ₹2,128.90, +0.6% to spot, with 97% of open interest in the 27 Oct contract, and the 2,120 straddle prices a move of about ±6.1% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹2,128.90 | +13.20+0.6% | +8.8% | 45,000▲ +5.6% · +2,400 lots | 97 | 10,000 |
| 23 Nov53 days | ₹2,141.50 | +25.80+1.2% | +8.4% | 1,200▲ +80.7% · +550 lots | 2.7 | 770 |
| 29 Dec89 days | ₹2,159.60 | +43.90+2.1% | +8.5% | 20▲ +566.7% · +17 lots | 0.04 | 19 |
2.7% of futures OI sits beyond the 27 Oct contract · 47 of 79 listed contracts traded · 34,000 option contracts changed hands
The 2,120 straddle closed at ₹128.20 (call 69.95 + put 58.25), pricing a move of about ±6.1% by the 27 Oct expiry. In the last 253 windows of 19 sessions, APLAPOLLO moved more than that 107 times.
After the last 3 bulletins, APLAPOLLO closed higher five sessions later in 3 of 3.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 3 MayAPL Apollo Q4 profit rises 21% with dividend declaration | ▼ −1.7%Nifty +0.5% · −2.2 pp | ▼ −1.8%Nifty +0.1% · −2.0 pp | ▲ +2.4%Nifty −0.8% · +3.1 pp | ▲ +11.9%short build-up |
| 3 MayAPL Apollo reports Q4 profit up 21% and dividend declared | ▼ −1.7%Nifty +0.5% · −2.2 pp | ▼ −1.8%Nifty +0.1% · −2.0 pp | ▲ +2.4%Nifty −0.8% · +3.1 pp | ▲ +11.9%short build-up |
| 2 MayAPL Apollo Tubes reports strong FY26 results and dividend | ▼ −1.7%Nifty +0.5% · −2.2 pp | ▼ −1.8%Nifty +0.1% · −2.0 pp | ▲ +2.4%Nifty −0.8% · +3.1 pp | ▲ +11.9%short build-up |
Revenue ₹5,607 cr, +8.4% on a year earlier; profit ₹263 cr, +11% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 1 Aug | ₹5,607 cr | ▲ +8.4% | ₹263 cr | ▲ +11% | 9.48 | ▲ +6.7%Nifty +1.6% · +5.1 pp |
| Mar 2026filed 2 May · audited | ₹6,269 cr | ▲ +14% | ₹354 cr | ▲ +21% | 12.76 | ▼ −1.7%Nifty +0.5% · −2.2 pp |
| Dec 2025filed 22 Jan | ₹5,815 cr | ▲ +7.0% | ₹310 cr | ▲ +43% | 11.17 | ▲ +1.2%Nifty −0.9% · +2.2 pp |
| Sept 2025filed 29 Oct | ₹5,206 cr | ▲ +9.1% | ₹302 cr | ▲ +460% | 10.86 | ▼ −1.1%Nifty −0.7% · −0.4 pp |
| Jun 2025filed 24 Jul | ₹5,170 cr | ▲ +3.9% | ₹237 cr | ▲ +23% | 8.54 | ▼ −8.5%Nifty −0.9% · −7.6 pp |
| Mar 2025filed 8 May · audited | ₹5,509 cr | ▲ +16% | ₹293 cr | ▲ +72% | 10.56 | 0.0%Nifty −0.6% · +0.6 pp |
| Dec 2024filed 20 Jan · audited | ₹5,433 cr | ▲ +30% | ₹217 cr | ▲ +31% | 7.82 | ▼ −0.4%Nifty −1.4% · +1.0 pp |
| Sept 2024filed 30 Oct | ₹4,774 cr | ▲ +3.1% | ₹54 cr | ▼ −73% | 1.94 | ▼ −1.3%Nifty −0.5% · −0.7 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹22,460 cr | ▲ +8.6% | ₹1,203 cr | ▲ +59% | 43.33 |
| FY25to Mar 2025 | ₹20,690 cr | ▲ +14% | ₹757 cr | ▲ +3.4% | 27.28 |
| FY24to Mar 2024 | ₹18,119 cr | — | ₹732 cr | — | 26.40 |
APLAPOLLO trades at 48 times trailing earnings, 11 times book value, revenue +9.6% over twelve months, a 0.80% dividend yield, market cap ₹59,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| WELCORPWelspun Corp Limited | 69,000 cron 1 Oct | — | 7.3 | ₹2,605.80 |
| APLAPOLLOAPL Apollo Tubes Limited | 59,000 cron 1 Oct | 48consolidated | 11 | ₹2,115.70 |
| SHYAMMETLShyam Metalics and Energy Limited | 29,000 cron 1 Oct | — | 2.4 | ₹1,047.80 |
| RATNAMANIRatnamani Metals & Tubes Limited | 18,000 cron 1 Oct | — | 4.4 | ₹2,619.40 |
| JINDALSAWJindal Saw Limited | 17,000 cron 1 Oct | — | 1.4 | ₹270.30 |
| USHAMARTUsha Martin Limited | 15,000 cron 1 Oct | — | 4.5 | ₹491.70 |
| GPILGodawari Power And Ispat limited | 15,000 cron 1 Oct | — | 2.5 | ₹215.65 |
| GALLANTTGallantt Ispat Limited | 13,000 cron 1 Oct | — | 3.9 | ₹530.15 |
| MAHSEAMLESMaharashtra Seamless Limited | 9,400 cron 1 Oct | — | 1.4 | ₹698.75 |
| JAYNECOINDJayaswal Neco Industries Limited | 8,900 cron 1 Oct | — | 3.1 | ₹91.30 |
| SUNFLAGSunflag Iron And Steel Company Limited | 7,800 cron 1 Oct | — | 0.88 | ₹433.50 |
| MANINDSMan Industries (India) Limited | 6,900 cron 1 Oct | — | 3.3 | ₹921.55 |
| AEROFLEXAeroflex Industries Limited | 6,900 cron 1 Oct | — | 15 | ₹521.35 |
| TIILTechnocraft Industries (India) Limited | 6,600 cron 1 Oct | — | 3.2 | ₹2,893.80 |
| SBCLShivalik Bimetal Controls Limited | 6,100 cron 1 Oct | — | 13 | ₹1,066.40 |
| BANSALWIREBansal Wire Industries Limited | 5,100 cron 1 Oct | — | 3.5 | ₹323.05 |
| GOODLUCKGoodluck India Limited | 5,000 cron 1 Oct | — | 3.3 | ₹499.35 |
| SURYAROSNISurya Roshni Limited | 4,800 cron 1 Oct | — | 1.8 | ₹220.65 |
| SAMBHVSambhv Steel Tubes Limited | 4,800 cron 1 Oct | — | 4.5 | ₹161.45 |
| ELECTCASTElectrosteel Castings Limited | 4,600 cron 1 Oct | — | 0.78 | ₹74.55 |
| VENUSPIPESVenus Pipes & Tubes Limited | 4,600 cron 1 Oct | — | 6.8 | ₹2,204.90 |
| KSLKalyani Steels Limited | 4,000 cron 1 Oct | — | 1.9 | ₹913.00 |
| VSSLVardhman Special Steels Limited | 3,700 cron 1 Oct | — | 2.9 | ₹383.30 |
| KIRLOSINDKirloskar Industries Limited | 3,600 cron 1 Oct | — | 0.45 | ₹3,471.40 |
| WELSPLSOLWelspun Specialty Solutions Limited | 3,500 cron 1 Oct | — | — | ₹52.60 |
| JTLINDJTL INDUSTRIES LIMITED | 3,400 cron 1 Oct | — | 2.2 | ₹86.25 |
| RATNAVEERRatnaveer Precision Engineering Limited | 2,900 cron 1 Oct | — | 4.3 | ₹345.45 |
| MUKANDLTDMukand Limited | 2,500 cron 1 Oct | — | 1.6 | ₹172.65 |
| BLELBehari Lal Engineering Limited | 2,000 cron 1 Oct | — | — | ₹467.95 |
| MSPLMSP Steel & Power Limited | 1,800 cron 1 Oct | — | 1.8 | ₹32.50 |
| RSLRajputana Stainless Limited | 1,500 cron 1 Oct | — | 4.0 | ₹174.45 |
| HITECHHi-Tech Pipes Limited | 1,500 cron 1 Oct | — | 1.1 | ₹71.40 |
| STEELXINDSTEEL EXCHANGE INDIA LIMITED | 1,400 cron 1 Oct | — | — | ₹11.20 |
| AEROENTERAeroflex Enterprises Limited | 1,400 cron 1 Oct | — | 1.4 | ₹121.95 |
| MANAKCOATManaksia Coated Metals & Industries Limited | 1,300 cron 1 Oct | — | 3.9 | ₹126.60 |
| RHETANRhetan TMT Limited | 1,300 cron 1 Oct | — | 12 | ₹16.65 |
| MWLMangalam Worldwide Limited | 1,300 cron 1 Oct | — | 4.2 | ₹43.15 |
| GANDHITUBEGandhi Special Tubes Limited | 1,200 cron 1 Oct | — | 3.8 | ₹975.55 |
| BHARATWIREBharat Wire Ropes Limited | 1,100 cron 1 Oct | — | 1.4 | ₹160.10 |
| KAMDHENUKamdhenu Limited | 1,100 cron 1 Oct | — | 2.7 | ₹37.60 |
| HARIOMPIPEHariom Pipe Industries Limited | 1,000 cron 1 Oct | — | 1.6 | ₹332.35 |
| ELECTHERMElectrotherm (India) Limited | 950 cron 1 Oct | — | — | ₹743.60 |
| BEEKAYBeekay Steel Industries Limited | 830 cron 1 Oct | — | — | ₹435.40 |
| SCODATUBESScoda Tubes Limited | 740 cron 1 Oct | — | 1.9 | ₹123.00 |
| PANCHMAHQPanchmahal Steel Limited | 550 cron 1 Oct | — | — | ₹287.50 |
| AZADINDAzad India Mobility Limited | 470 cron 1 Oct | — | — | ₹85.95 |
| MANAKSIAManaksia Limited | 390 cron 1 Oct | — | 0.52 | ₹59.55 |
| BEDMUTHABedmutha Industries Limited | 360 cron 1 Oct | — | 2.4 | ₹110.35 |
| SURAJLTDSuraj Limited | 360 cron 1 Oct | — | 2.6 | ₹193.50 |
| SHAHShah Metacorp Limited | 300 cron 1 Oct | — | 0.97 | ₹3.05 |
| VMSTMTVMS TMT Limited | 230 cron 1 Oct | — | 1.0 | ₹46.65 |
| VSTLVibhor Steel Tubes Limited | 210 cron 1 Oct | — | — | ₹108.85 |
| RUDRARudra Global Infra Products Limited | 180 cron 1 Oct | — | 1.3 | ₹18.25 |
| SHBAJRGShri Bajrang Alliance Limited | 160 cron 1 Oct | — | — | ₹172.35 |
| INCREDIBLEINCREDIBLE INDUSTRIES LIMITED | 150 cron 1 Oct | — | 0.93 | ₹31.35 |
| SMLTSarthak Metals Limited | 100 cron 1 Oct | — | 0.82 | ₹74.20 |
| HISARMETALHisar Metal Industries Limited | 79 cron 1 Oct | — | 1.2 | ₹146.90 |
| ZENITHSTLZenith Steel Pipes & Industries Limited | 73 cron 1 Oct | — | — | ₹5.10 |
| PRAKASHSTLPrakash Steelage Limited | 62 cron 1 Oct | — | 6.4 | ₹3.55 |
| DHATREDhatre Udyog Limited | 44 cron 1 Oct | — | — | ₹4.00 |
| DPWIRESD P Wires Limited | — | — | — | — |
| GFSTEELSGrand Foundry Limited | — | — | — | — |
| MAHASTEELMahamaya Steel Industries Limited | — | — | — | — |
| RAMASTEELRama Steel Tubes Limited | — | — | — | — |
| SHAHALLOYSShah Alloys Limited | — | — | — | — |
Promoters hold 28.3%, foreign portfolio investors 35.1%, mutual funds 14.1% and insurance companies 2.7%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 28.250.00 pp | 28.25▼ −0.02 pp | 28.27▼ −0.03 pp | 28.30▼ −0.01 pp | 28.31 |
| Foreign portfolio investors | 35.10▼ −2.40 pp | 37.50▲ +4.40 pp | 33.10▼ −0.60 pp | 33.70▲ +0.67 pp | 33.03 |
| Mutual funds | 14.14▲ +2.26 pp | 11.88▼ −2.76 pp | 14.64▲ +0.45 pp | 14.19▲ +2.54 pp | 11.65 |
| Insurance companies | 2.74▲ +0.14 pp | 2.60▼ −0.67 pp | 3.27▼ −0.02 pp | 3.29▼ −0.44 pp | 3.73 |
| Banks and financial institutions | 1.70▲ +0.13 pp | 1.57▼ −0.43 pp | 2.00▲ +0.56 pp | 1.44▼ −0.01 pp | 1.45 |
| Individual investors | 9.90▼ −0.19 pp | 10.09▼ −0.38 pp | 10.47▼ −0.28 pp | 10.75▼ −2.23 pp | 12.98 |
| Bodies corporate | 1.51▲ +0.08 pp | 1.43▼ −0.09 pp | 1.52▼ −0.06 pp | 1.58▼ −0.30 pp | 1.88 |
| Other foreign holders | 6.360.00 pp | 6.36▼ −0.02 pp | 6.38▼ −0.03 pp | 6.41▼ −0.13 pp | 6.54 |
| Others | 0.30▼ −0.02 pp | 0.32▼ −0.03 pp | 0.350.00 pp | 0.35▼ −0.08 pp | 0.43 |
Nothing upcoming on record; the last was a dividend of ₹8.50 a share, ex-date 8 Sept 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 8 Sept 2026 | dividend | ₹8.50 | 8 Sept 2026 | BSE |
| 22 Aug 2025 | dividend | ₹5.75 | 22 Aug 2025 | BSE |
| 19 Sept 2024 | dividend | ₹5.50 | 19 Sept 2024 | BSE |
APLAPOLLO is −4.3% over 20 sessions against Nifty's −6.2%, 8.1% below its 52-week high, realised volatility 36% annualised.
| Window | From ₹ | APLAPOLLO % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,660.15 | ▲ +27% | ▼ −9.1% | +37 |
| 120 sessionssince 9 Apr | ₹2,040.21 | ▲ +3.7% | ▼ −5.7% | +9.4 |
| 60 sessionssince 8 Jul | ₹1,809.53 | ▲ +17% | ▼ −6.1% | +23 |
| 20 sessionssince 2 Sept | ₹2,210.07 | ▼ −4.3% | ▼ −6.2% | +2.0 |
| 5 sessionssince 24 Sept | ₹2,184.74 | ▼ −3.2% | ▼ −2.8% | −0.38 |
| 1 sessionsince 30 Sept | ₹2,190.17 | ▼ −3.4% | ▼ −0.88% | −2.5 |
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