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Entity-Specific Rating Rationales

26 Feb 2026

APL Apollo Tubes Limited: Ratings reaffirmed; rated amount enhanced

APL Apollo Tubes Limited: Ratings reaffirmed; rated amount enhanced

27 Jun 2025

APL Apollo Tubes Limited: Ratings reaffirmed; assigned for enhanced limits

APL Apollo Tubes Limited: Ratings reaffirmed; assigned for enhanced limits

07 Nov 2024

APL Apollo Tubes Limited: Rating Reaffirmed

APL Apollo Tubes Limited: Rating Reaffirmed

04 Sep 2024

APL Apollo Tubes Limited: Long-term rating upgraded to [ICRA]AA+; short-term rating reaffirmed; outlook revised to Stable; rated amount enhanced for CP

APL Apollo Tubes Limited: Long-term rating upgraded to [ICRA]AA+; short-term rating reaffirmed; outlook revised to Stable; rated amount enhanced for CP

31 Mar 2024

APL Apollo Tubes Limited: Ratings reaffirmed

APL Apollo Tubes Limited: Ratings reaffirmed

29 Dec 2023

APL Apollo Tubes Limited: Ratings reaffirmed; Outlook revised to Positive

APL Apollo Tubes Limited: Ratings reaffirmed; Outlook revised to Positive

30 Mar 2023

APL Apollo Tubes Limited: Ratings reaffirmed; rated amount enhanced

APL Apollo Tubes Limited: Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

27 Mar 2026

APL Apollo Tubes Limited

APL Apollo Tubes Limited (Non-SF)

03 Oct 2024

APL Apollo Tubes Limited

APL Apollo Tubes Limited (Non-SF)

30 Jan 2024

APL Apollo Tubes Limited

APL Apollo Tubes Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Commercial Paper [ICRA]A1+ -- -- --
Long-term/Short-term – Unallocated limits – Unallocated limits [ICRA]A1+ -- [ICRA]AA+(Stable) --
Long-term/Short-term – Fund-based – Cash credit [ICRA]A1+ -- [ICRA]AA+(Stable) --
Non-Convertible Debentures -- -- * --

Our Analysts

Analyst 1

Devanshu Gupta

Analyst 2

Sumit Jhunjhunwala

Sector Head

Girish kumar Kadam
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