APLAPOLLOTUBES / Q4-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.

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WatchQ4-FY26 · 2026-05-09Back to quarter ↗

Questions audited

12

Answered directly

79%

Numeric claims

1

Consistency

consistent

Question ledger

What was answered, and how?

Niha · Noama Wealth Management

partial

Update on galvanized tube operating levels and demand weakness vs destocking.

domestic operations were majorly hit for few weeks in month of March then things became a bit easy in terms of gas availability and our plants also moved to alternate fuels. So things have improved significantly.

Angut Saluja · UBSC India

evasive

How are you managing EBITDA per ton given HRC price rise and competition?

innovations we increase our margin due to shortage also. volume but margins are better.

Vikas Singh · ICA securities

partial

Sustainability of 5500 per ton margin given inventory gains and Dubai weakness.

I can't say anything right now but 5,000 to 5500 we are quite sure in the future we continue this margin.

Bharesa · BCS Capital Ideas Limited

direct

Explanation for net cash increase of ~1000 cr vs net profit of 350 cr.

we could almost reduce our absolute inventory in terms of tonnage by 40 30 40,000 tons. inventory levels as at 31st December and 31st March in absolute value there is a 250 cr reduction despite steel prices went up.

Ashe · AK investment

partial

Will infrastructure and commercial segments grow faster than housing?

definitely there should be some improvement in infrastructure and commercial. Commercial has been doing pretty well for last two three years. Infrastructure from the government side has been on slowdown for two years.

Dan Ma · Dal Capital

direct

Share of SG premium products in Q4 volumes and reason for other expenses growth.

So it's between 8 to 10. It's between 8 to 9%. 8 to 9% of total volumes.

Amit Mura · Access Capital

direct

Is the disruption structurally positive for market share gains from unorganized players?

Swamit which we did definitely. we have demonstrated this similar trends during covid time. The industry leaders the strong players they always benefit from the disruption

Rajes · SGFC Securities

direct

Sustainability of lower inventory levels and FY27 volume/margin guidance.

Sanj's mission is to bring it further down. whatever we have achieved as at March 2026 it is highly sustainable.

Onar Gangur · Sri Investment

direct

How will you use financial strength to gain market share in current disruption?

capacity building. The capex is fully funded from internal cash flows. putting up two plants in East India will help us compete with local smaller players.

Ranjit Saram · Mahindra Manual Life Mutual

direct

Impact of LPG shortage and backup plan; is 15-20% growth guidance factoring this?

in month of March two of our product categories faced temporary shutdowns at few locations. our plants moved to alternate fuel. there was disruption of 10 to 15 days.

Deasi Jany · individual investor

direct

Why did valued sales mix drop to 25% despite record EBITDA per ton?

we had increased the pricing for Apollo general segment in January of 2025 by almost 1,500 rupees per ton. that increase is straight away coming to our IITA. from 2,000 rupees per ton beta level we are at 3500 per ton plus level in general.

Rajes Shi · HDFC securities

direct

Sequential realization change Q1 vs Q4 and inventory gain impact.

HR coil prices are up by around from March to May or from April to May they are up by around 3,000 rupees per turn. So that much price tag we took.