APL Apollo Tubes

₹1535.5 -11.7 | 0.8%

WEBSITE BSE:533758 NSE : APL APOLLO 10 May, 16:01

Market Cap ₹42614 Cr.

Stock P/E 55.8

P/B 12.4

Current Price ₹1535.5

Book Value ₹ 124.2

Face Value 2

52W High ₹1806.2

Dividend Yield 0.33%

52W Low ₹ 1046.6

Edit Ratio

APL Apollo Tubes Research see more...

Overview Inc. Year: 1986Industry: Steel & Iron Products

APL Apollo Tubes Ltd is a steel tube producer. The Company is engaged in the commercial enterprise of manufacturing of electrical resistance welded (ERW) metallic tubes. The Company manufactures galvanized pipe, pre-galvanized pipe, black pipe and coils. Its merchandise include MS Black Round Tubes, Galvanized Iron Tubes, Pre Galvanized Tubes, Hollow Sections, API Tubes and Dynamically Balanced Tubes. Its unique products consist of hollow section pipe, window section, flat oval/capsule section, handrail, d-section, elliptical tube and slim section. Its products' applications consist of liquid transmission, idlers, mechanical and standard engineering, water wells, fencing, underground piping, refineries, scaffolding, cabling and ducting, automotive (bus body), greenhouse structures, production, automobile, storage system and transmission tower. It has over six production facilities that are positioned in Sikandrabad, Uttar Pradesh; Bangalore, Karnataka; Hosur, Tamil Nadu and Murbad Maharashtra.

APL Apollo Tubes Share Price

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Peer Comparison

APL Apollo Tubes Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	3084	3230	4215	3439	3969	4327	4431	4545	4630	4178
Other Income	11	8	11	8	12	9	18	22	20	15
Total Income	3095	3238	4226	3447	3981	4336	4449	4567	4650	4193
Total Expenditure	2862	3028	3949	3245	3737	4054	4108	4238	4305	3898
Operating Profit	234	210	277	202	243	282	341	329	345	295
Interest	11	11	10	10	14	19	25	27	27	29
Depreciation	27	27	28	29	28	35	47	41	41	47
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	196	172	239	163	202	229	269	261	277	219
Provision for Tax	50	44	63	42	52	60	67	67	74	53
Profit After Tax	146	128	177	121	150	169	202	194	203	166
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	146	128	177	121	150	169	202	194	203	166
Adjusted Earnings Per Share	5.8	5.1	7.1	4.8	5.4	6.1	7.3	7	7.3	6

APL Apollo Tubes Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2008	2497	3138	4214	3924	5335	7152	7723	8500	13063	16166	17784
Other Income	2	2	5	10	6	8	16	22	36	41	47	75
Total Income	2010	2499	3143	4224	3930	5343	7168	7745	8536	13104	16213	17859
Total Expenditure	1849	2332	2957	3932	3591	4964	6764	7246	7821	12118	15144	16549
Operating Profit	161	167	186	292	339	379	405	500	715	986	1069	1310
Interest	43	61	66	70	72	81	113	107	66	44	67	108
Depreciation	13	16	22	34	51	53	64	96	103	109	138	176
Exceptional Income / Expenses	-1	-0	0	-25	0	0	0	0	0	0	0	0
Profit Before Tax	105	89	98	163	216	244	227	296	546	832	863	1026
Provision for Tax	36	30	34	62	64	86	79	40	138	213	221	261
Profit After Tax	69	59	64	101	152	158	148	256	408	619	642	765
Adjustments	0	0	0	0	-0	1	0	-18	-48	0	0	0
Profit After Adjustments	69	59	64	101	152	159	148	238	360	619	642	765
Adjusted Earnings Per Share	3.1	2.5	2.7	4.3	6.4	6.7	6.2	9.6	14.4	24.7	23.1	27.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	24%	28%	25%	23%
Operating Profit CAGR	8%	29%	23%	21%
PAT CAGR	4%	36%	32%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	30%	35%	60%	53%
ROE Average	24%	27%	24%	21%
ROCE Average	27%	29%	26%	23%

APL Apollo Tubes Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	368	425	495	568	703	838	964	1356	1695	2464	3006
Minority's Interest	0	0	0	0	0	0	0	95	138	0	0
Borrowings	84	137	141	188	105	78	175	404	183	347	408
Other Non-Current Liabilities	42	55	78	92	145	137	229	236	323	471	423
Total Current Liabilities	504	533	649	885	1032	1260	1598	1283	1354	1614	2693
Total Liabilities	997	1150	1364	1733	1985	2313	2966	3375	3693	4897	6531
Fixed Assets	323	420	614	666	658	875	1034	1708	1736	1837	2580
Other Non-Current Assets	80	90	94	104	321	168	302	159	383	1048	879
Total Current Assets	589	628	644	962	1006	1270	1620	1507	1575	2012	3052
Total Assets	997	1150	1364	1733	1985	2313	2966	3375	3693	4897	6531

APL Apollo Tubes Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	5	14	2	2	1	2	7	47	44	16	164
Cash Flow from Operating Activities	26	133	315	11	315	91	358	510	977	652	690
Cash Flow from Investing Activities	-105	-128	-191	-93	-170	-165	-264	-435	-647	-530	-876
Cash Flow from Financing Activities	88	-9	-124	81	-145	79	-53	-78	-359	26	145
Net Cash Inflow / Outflow	9	-4	-0	-1	0	5	41	-3	-28	148	-41
Closing Cash & Cash Equivalent	14	10	2	1	2	7	47	44	16	164	123

APL Apollo Tubes Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.07	2.52	2.72	4.29	6.44	6.69	6.22	9.57	14.42	24.73	23.14
CEPS(Rs)	3.64	3.22	3.66	5.75	8.61	8.91	8.91	14.15	20.44	29.08	28.13
DPS(Rs)	1	1	1.2	2	2.4	2.8	2.8	0	0	3.5	5
Book NAV/Share(Rs)	16.04	17.64	20.63	24.21	29.61	35.05	40.1	54.16	67.69	98.16	108.3
Core EBITDA Margin(%)	7.1	5.9	5.22	6.05	7.61	6.68	5.33	5.98	7.76	7.07	6.08
EBIT Margin(%)	6.58	5.37	4.71	4.99	6.58	5.86	4.67	5.06	7	6.56	5.54
Pre Tax Margin(%)	4.67	3.19	2.81	3.5	4.93	4.4	3.11	3.72	6.24	6.23	5.14
PAT Margin (%)	3.05	2.11	1.83	2.16	3.47	2.85	2.03	3.21	4.66	4.63	3.82
Cash Profit Margin (%)	3.61	2.7	2.46	2.89	4.64	3.81	2.92	4.41	5.84	5.45	4.64
ROA(%)	8.06	5.49	5.07	6.5	8.18	7.36	5.62	8.07	11.54	14.41	11.23
ROE(%)	21.23	15.29	14.21	19.14	24.03	20.67	16.58	22.23	26.84	29.85	23.51
ROCE(%)	20.92	17.38	17.42	21.29	22.9	22.38	19.81	20.12	27.78	33.34	26.88
Receivable days	31.9	30.66	22.26	15.5	21.47	23.89	24.42	23.33	12.67	6.45	5.2
Inventory Days	35.79	37.72	31.87	35.82	44.36	34.87	34.42	35.87	32.24	21.94	25.27
Payable days	14.39	18.29	22.36	23.58	36.49	30.95	31.2	40.61	39.49	30.01	34.58
PER(x)	5.41	7.87	14.76	15.49	18.19	29.82	23.16	13.03	48.57	36.96	52.02
Price/Book(x)	1.04	1.12	1.95	2.75	3.95	5.69	3.59	2.3	10.35	9.31	11.12
Dividend Yield(%)	3	2.52	1.5	1.5	1.03	0.7	0.97	0	0	0.38	0.42
EV/Net Sales(x)	0.4	0.38	0.45	0.52	0.85	1.03	0.59	0.5	2.08	1.77	2.1
EV/Core EBITDA(x)	4.98	5.76	7.54	7.56	9.89	14.51	10.49	7.78	24.7	23.42	31.73
Net Sales Growth(%)	44.24	24.33	25.68	34.26	-6.88	35.96	34.07	7.98	10.05	53.69	23.75
EBIT Growth(%)	39.48	1.31	9.48	41.67	23.89	13.05	4.5	18.61	51.6	43.29	6.11
PAT Growth(%)	39.93	-14.08	8.09	57.76	51.25	3.96	-6.25	72.68	59.26	51.82	3.7
EPS Growth(%)	33.49	-18.17	8.08	57.76	49.99	3.95	-7.08	53.94	50.68	71.52	-6.42
Debt/Equity(x)	1.24	1.22	1	1.15	0.85	0.93	0.9	0.62	0.31	0.24	0.29
Current Ratio(x)	1.17	1.18	0.99	1.09	0.98	1.01	1.01	1.17	1.16	1.25	1.13
Quick Ratio(x)	0.6	0.64	0.5	0.42	0.52	0.54	0.52	0.56	0.6	0.72	0.58
Interest Cover(x)	3.44	2.46	2.47	3.34	4	4.01	3	3.76	9.26	19.72	13.87
Total Debt/Mcap(x)	1.2	1.09	0.51	0.42	0.22	0.16	0.25	0.27	0.03	0.03	0.03

APL Apollo Tubes Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	34.54	34.52	34.52	34.52	31.15	31.15	30.62	29.67	29.57	29.44
FII	24.59	23.29	24.64	24.65	24.26	25.69	25.08	28.63	29.23	30.67
DII	10.72	11.12	11.18	10.95	10.45	11.11	12.73	12.72	13.78	14.08
Public	30.14	31.07	29.66	29.88	34.13	32.05	31.58	28.98	27.42	25.81
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	8.64	8.64	8.64	8.64	8.64	8.64	8.49	8.23	8.21	8.17
FII	6.15	5.83	6.17	6.17	6.73	7.12	6.95	7.94	8.11	8.51
DII	2.68	2.78	2.8	2.74	2.9	3.08	3.53	3.53	3.82	3.91
Public	7.54	7.78	7.42	7.48	9.47	8.89	8.76	8.04	7.61	7.16
Others	0	0	0	0	0	0	0	0	0	0
Total	25.01	25.03	25.03	25.03	27.73	27.73	27.73	27.73	27.75	27.75

Pros

Company has delivered good profit growth of 32% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 27%
Company is almost debt free.

Cons

Promoter holding is low: 29.44%.
Debtor days have increased from 30.01 to 34.58days.
Stock is trading at 12.4 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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APL Apollo Tubes

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APL Apollo Tubes Research see more...

Overview Inc. Year: 1986Industry: Steel & Iron Products

APL Apollo Tubes Share Price

Alert Data

Quarterly Price

Peer Comparison

APL Apollo Tubes Quarterly Results

APL Apollo Tubes Profit & Loss

Growth Rates

APL Apollo Tubes Balance Sheet

APL Apollo Tubes Cash Flow

APL Apollo Tubes Ratios

APL Apollo Tubes Shareholding Pattern

APL Apollo Tubes News

Top Unlisted Companies & InstaBuy Companies

Electrosteel Steel Ltd

IPO

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