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APL Apollo Tubes Ltd share Price Today

Company details

1,550.00
1,577.00
1,047.00
1,800.00
6M Return -8.22%
1Y Return 28.49%
Mkt Cap.(Cr) 43,529.80
Volume 483,915
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 483,915

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Iron & Steel Products company APL Apollo Tubes announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • Sales volume was unchanged YoY to 604k tons
    • Revenue declined by 3% YoY to Rs 41.8 billion
    • EBITDA increased by 2% YoY to Rs 2.8 billion
      • EBITDA per ton was Rs 4,631 ( 3% YoY)
    • Net Profit declined by 2% YoY to Rs 1.7 billion
  • 9MFY24:
    • Sales volume increased by 19% YoY to 1.94 million tons
    • Revenue increased by 14% YoY to Rs 133.5 billion
    • EBITDA increased by 31% YoY to Rs 9.1 billion
      • EBITDA per ton was Rs 4,700 ( 10% YoY)
    • Net Profit increased by 32% YoY to Rs 5.6 billion

Sanjay Gupta, Chairman, APL Apollo, commenting on Q3FY24 results said, "The company reported strong growth in 9MFY24 with sales volume 19% YoY, EBITDA 31% YoY and net profit 32% YoY. The ramp-up from our Greenfield plant in Raipur is on expected lines with utilization levels reaching 53% in December 2023. The Dubai plant also started production in December 2023. The initial results are encouraging with solid response from global steel tube distributors for APL Apollo's products. The Q3FY24 sales volume was soft due to channel destocking owing to fears of price correction. However, we are encouraged to see strong sales growth in our value-added product portfolio such as the heavy structural steel tubes and coated products. The overall sales volume shall improve in the subsequent quarters as the signs for re-stocking are already visible post the recent reduction in domestic steel prices. We continue to remain prudent with our working capital management, which remains best in the building material sector."

 

Result PDF

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APL Apollo Tubes Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (4)

  • Decline in Quarterly Net Profit (YoY)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Street Favorite: High Analyst Rating with at least 20% upside
  • RSI indicating price strength
  • High Volume, High Gain

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 1,580.3
R2 1,592.2
R3 1,607.3
Pivot

1,565.17

S1 1,553.3
S2 1,538.2
S3 1,526.3
EMA SMA
1,546.6
1,530.4
1,528.8
1,492.5
1,544.5
1,504.5
1,528.7
1,555.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NEW WORLD FUND INC Bulk Purchase 2024-03-13 1601.1 2789398 NSE
PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST Bulk Sell 2024-03-13 1600.16 1531367 NSE
COPTHALL MAURITIUS INVESTMENT LIMITED Bulk Purchase 2023-11-30 1686.27 250000 NSE
Name Category Shares
Veera Gupta PROMOTER 1.75%
APL INFRASTRUCTURE PRIVATE LIMITED PROMOTER 27.69%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

APL Apollo Tubes Ltd Stocks COMPARISON

Financials( in Cr) APL Apollo Tubes Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Steel Authority of India Ltd
Price 1,568.50 851.35 161.15 909.85 152.25
% Change 1.25 -0.40 -0.43 -0.85 2.59
Mcap Cr 43,529.80 208,193.73 201,172.12 92,812.71 62,887.24
Revenue TTM Cr 16,165.95 165,960.00 243,352.69 53,211.52 104,447.72
Net Profit TTM Cr 641.86 4,139.00 8,075.35 3,974.09 2,176.53
PE TTM 56.96 19.24 81.78 16.71 18.61
1 Year Return 28.49 18.19 51.31 57.80 85.67
ROCE 26.00 8.60 12.10 14.17 5.25
ROE 23.47 6.22 7.48 13.27 3.57
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,005.61 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -6,228.06
LAST 3M 77,954.71 28,409.22
LAST 6M 138,694.84 74,737.91
LAST 12M 215,251.82 194,497.84

APL Apollo Tubes Ltd Information

Stock PE (TTM)
56.96
Promoter Holding
29.44%
Book Value
118.2012
ROCE
26%
ROE
23.47%
Description
  • Headquartered in Ghaziabad, Delhi NCR, Apollo tubes limited (APL) is a prominent name in the steel pipes and tubes manufacturing industry. The market capitalisation of this small-cap company is Rs 23,230 crores. The company was incorporated on February 24 1986. Some of the key names in management are Mr Sanjay Gupta, Mr Abhilash Lal, Mr Anil Kumar Bansal, Mr Ashok k Gupta, Mr Ashok Khushu, and Mr Vinay Gupta. As of the financial year 2021, the company's yearly net profit was Rs 360.16 crores. The Apollo Tubes Ltd. shares are traded under the script name APLAPOLLO on both the National Stock Exchange and the Bombay Stock Exchange (BSE Code: 533758).

    APL Apollo Tubes is into the manufacturing of ERW steel pipes and tubes. The company's product portfolio includes structural steel tubes, MS black pipes, galvanised tubes, and a few more. Its products are utilised in various goods. Some of them are solar panels, furniture, plumbing materials, and greenhouse structures. At present, the company has over ten manufacturing units located in Chhattisgarh, Telangana, Uttar Pradesh, Tamil Nadu, Maharashtra, and Karnataka. 

    The company's average revenue is 6.54% more than its industry average for the last five years. The company's market value has also surged by 4.21% over the same period. Apollo Tubes' net profit has improved with each passing financial year. However, there was a slight dip in the financial year 2019. In the third quarter of FY 2022, the net profit stood at 115.63. And the earnings per share for the same period were recorded as Rs. 4.62. In comparison to FY 2020, the company reduced its overall liabilities by 248.47 crores in FY 2021. The promoters' holdings fell by 2.34%. Whereas; mutual funds raised their holdings by 2.16 in the past three months. 

    On 31st March 2022, APL Apollo's share price touched an intraday high of Rs. 939.55. During the past 52 weeks, the APL Apollo Tubes share price made a high and low Rs. 1,114.55 and Rs 585, respectively. The Apollo Tubes share price is currently competing with some of its renowned peers such as Astral Ltd, Ratnamani Metal and Tubes Ltd, Chemplast Sanmar Ltd, Finolex Industries Ltd, and Prince Pipes and Fittings Ltd.

    Disclaimer:- ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

No 37 Hargobind Enclave, Vikas Marg, New Delhi, New Delhi, 110092

Tel : 91-11-22373437
Email : investors:aplapollo.com
Website : http://www.aplapollo.com
Registrar

Abhipra Capital Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 533758
NSE Code : APLAPOLLO
Book Closure Date (Month) :
BSE Group : A
ISIN : INE702C01027

FAQ’s on APL Apollo Tubes Ltd Shares

You can buy APL Apollo Tubes Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy APL Apollo Tubes Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 23, 2024 04:02 PM the closing price of APL Apollo Tubes Ltd was ₹ 1,568.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 23, 2024 04:02 PM, the market cap of APL Apollo Tubes Ltd stood at ₹ 43,529.80.

The latest PE ratio of APL Apollo Tubes Ltd as of Apr 23, 2024 04:02 PM is 56.96

The latest PB ratio of APL Apollo Tubes Ltd as of Apr 23, 2024 04:02 PM is 0.08

The 52-week high of APL Apollo Tubes Ltd share price is ₹ 1,800.00 while the 52-week low is ₹ 1,047.00

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