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.
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APL Apollo Tubes share price as on 16 Sep 2024 is Rs. 1459.05. Over the past 6 months, the APL Apollo Tubes share price has decreased by 8.39% and in the last one year, it has decreased by 10.16%. The 52-week low for APL Apollo Tubes share price was Rs. 1305 and 52-week high was Rs. 1788.35.