APLAPOLLO / Q3-FY26 / claim-ledger

Audit the questions that mattered.

APL Apollo Tubes · Analyst questions, management answers, and the quality of the response where the ledger is available.

Research layer active

ConCallIQ research layer

Signal, with the source still visible.

Use the controls below to narrow the view, then follow the evidence into the next layer of context.

PositiveQ3-FY26 · 2026-01-15Back to quarter ↗

Questions audited

Answered directly

83%

Numeric claims

Consistency

—

Question ledger

What was answered, and how?

Niha Talija · Noama

partial

Asked about 20% volume growth in Q4 and FY27, and reasons for EBITDA per ton guidance increase.

Our mainly volume growth is coming from our strategy... we have decided could go with the other brand also... This trial is totally successful... Q4 we are targeting 10 to 11 target you can say 10.25 925 or 10.5 we can easily achieve fixed cost

Bat Sisha · Barat Sisha

direct

Asked about strategic focus on profit pool and interpretation of zero debt balance sheet.

That's that's right. Uh so so the working capital which right now stand at three it it will go to negative. Now that is the most worthy objective because liability is a way of funding assets.

Bat Sisha · Barat Sisha

evasive

Asked if revenue can reach 3,000 crore plus in FY27.

No you are right now you are greedy brother you frankly you ask me I'm 42 million 4.2 2 million 5500... My mind also 4.2 million volume 5500.

Adit Talikar · Access Securities

direct

Asked about capacity expansion from 4.5 to 5 million tons and specialty tubes target.

So so this 4 and a half to five capacity one is super heavy we had added. So that got added plus um some capacity we added through deep bottlenecking only... 4 and a half to five uh new capacity got added by 100 200,000 ton and rest to 300,000 t is through the bottlenecking only.

Adit Talikar · Access Securities

partial

Asked about demand drivers for higher capacity additions.

No no demand is not substitute. We are selling the material in one segment. Now we are straight ourself... ATL Apollo brand is the highest selling price point. SG brand is at the lowest selling price point... So that way we have captured the market um heavily.

Onar Gural · Shri Investment

direct

Asked about EBITDA per ton range for specialty tubes.

So uh so if you look at the specialtity tubes some of the Indian companies are present and some of the global companies which we are studying um the IVA spreads are in the range of 10,000 to 15,000 rupees per turn.

Onar Gural · Shri Investment

direct

Asked about volume and EBITDA per ton guidance for FY27.

Yes, very correct. Minimum 4.2 million minimum.

Onar Gural · Shri Investment

direct

Asked about target ROCE and dividend payout.

It it it can could hit 40%. How in 27 right?... so depreciation for 50% uh 3200 3200 40% 40 so 40% is what you can see um within FI27

Dashin Maha · Access Capital

direct

Asked about HRC price assumption for 5,500 EBITDA per ton target.

No Dashan. So HRC is passed through for us, right? So there is no assumption on the HR coil pricing whatever price is up or down uh it will it will be fully passed on to our customers.

Dashin Maha · Access Capital

direct

Asked about increase in interest cost despite debt reduction.

So it is u so if you see like uh the uh the uh debt we have on the books right the gross debt let's not talk about the net debt if we talk about the gross debt on uh March 25 uh it used to be around 600 K rupees 615 crores okay March 25 and uh 9 months we closed at 548 crores... There was interest rate movement during the year.

Dashin Maha · Access Capital

direct

Asked about consolidated tax rate reduction with Dubai and Raipur plants.

So so Darian both Dubai and Rifle plants are at low tax rate... so eventually we expect our tax rate to be around 20%.

Harwasa · SBI Capital Securities

direct

Asked about exit capacity at FY27 end and volume growth for FY28.

So, FI26 the exit capacity will be 6 million ton. FI28 target is 8 million uh 8 million tons... we should continue 20% we should maintain 20% growth rate for FI27 and FI28.