APL Apollo Tubes Limited has recommended a final dividend of ₹8.50 per equity share for the financial year ended March 31, 2026, marking a 47.8% increase over the ₹5.75 per share declared for FY2025. The announcement was made by the board of directors at its meeting held on May 02, 2026, and separately, the company submitted its financial results for the period ended September 30, 2026, to the NSE on October 26, 2026.

Dividend Details

The dividend is subject to shareholder approval at the ensuing Annual General Meeting. The company's ISIN is INE702C01019 and it trades on the NSE under the symbol APLAPOLLO.

Dividend Trend Analysis

The FY2026 payout of ₹8.50 per share represents the highest dividend declared by APL Apollo Tubes in the past five fiscal years, continuing a clear upward trajectory in shareholder returns. The historical dividend per share progression is as follows:

Over the four-year period from FY2022 to FY2026, the per-share dividend has grown at a compound annual growth rate of approximately 24.9%, reflecting consistent improvement in the company's cash generation capacity. It is worth noting that in earlier years, specifically FY2017 through FY2019, the company had declared dividends in the ₹12 to ₹14 range on a face value of ₹10 per share. Following a stock split that reduced face value to ₹2, the adjusted comparison must account for the change in share capital structure, making direct historical comparisons beyond FY2022 less straightforward.

Context: September 2026 Results Submission

The October 26, 2026, exchange filing confirms that APL Apollo Tubes has submitted its financial results for the quarter and half-year ended September 30, 2026, to the NSE. The board meeting on that date served as the outcome event for these results. Specific revenue, EBITDA, and profit figures from the Q2 FY2027 results were not detailed in the corporate announcement text filed with the exchange.

What This Means for Investors

The sharp acceleration in dividend per share for FY2026, from ₹5.75 to ₹8.50, signals a meaningful improvement in distributable surplus at the company level. For investors tracking income from this stock, the absolute payout has increased by ₹2.75 per share in a single year, the largest single-year rupee increment since at least FY2022. The consistent annual dividend payment record spanning over a decade, from ₹6 per share in FY2015 through ₹8.50 in FY2026, underscores the company's commitment to returning capital to shareholders even through varying business cycles in the structural steel tubes segment. Investors should note that the dividend yield calculation will depend on the prevailing market price at the time of the record date, which has not yet been announced.