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APL Apollo Tubes

₹1431 21.1 | 1.5%

Market Cap ₹39714 Cr.

Stock P/E 54.2

P/B 9.8

Current Price ₹1431

Book Value ₹ 146.5

Face Value 2

52W High ₹1729.5

Dividend Yield 0.38%

52W Low ₹ 1253

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.

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APL Apollo Tubes Share Price

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APL Apollo Tubes Quarterly Results

#(Fig in Cr.) Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Net Sales 3969 4327 4431 4545 4630 4178 4766 4974 4774 5433
Other Income 12 9 18 22 20 15 19 25 15 22
Total Income 3981 4336 4449 4567 4650 4193 4784 4999 4789 5454
Total Expenditure 3737 4054 4108 4238 4305 3898 4485 4673 4636 5087
Operating Profit 243 282 341 329 345 295 299 326 153 367
Interest 14 19 25 27 27 29 31 28 36 37
Depreciation 28 35 47 41 41 47 47 47 47 50
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 202 229 269 261 277 219 221 252 70 280
Provision for Tax 52 60 67 67 74 53 51 59 16 63
Profit After Tax 150 169 202 194 203 166 170 193 54 217
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 150 169 202 194 203 166 170 193 54 217
Adjusted Earnings Per Share 5.4 6.1 7.3 7 7.3 6 6.1 7 1.9 7.8

APL Apollo Tubes Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 2497 3138 4214 3924 5335 7152 7723 8500 13063 16166 18119 19947
Other Income 2 5 10 6 8 16 22 36 41 47 75 81
Total Income 2499 3143 4224 3930 5343 7168 7745 8536 13104 16213 18194 20026
Total Expenditure 2332 2957 3932 3591 4964 6764 7246 7821 12118 15144 16927 18881
Operating Profit 167 186 292 339 379 405 500 715 986 1069 1267 1145
Interest 61 66 70 72 81 113 107 66 44 67 113 132
Depreciation 16 22 34 51 53 64 96 103 109 138 176 191
Exceptional Income / Expenses -0 0 -25 0 0 0 0 0 0 0 0 0
Profit Before Tax 89 98 163 216 244 227 296 546 832 863 978 823
Provision for Tax 30 34 62 64 86 79 40 138 213 221 245 189
Profit After Tax 59 64 101 152 158 148 256 408 619 642 732 634
Adjustments 0 0 0 -0 1 0 -18 -48 0 0 0 0
Profit After Adjustments 59 64 101 152 159 148 238 360 619 642 732 634
Adjusted Earnings Per Share 2.5 2.7 4.3 6.4 6.7 6.2 9.6 14.4 24.7 23.1 26.4 22.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 12% 29% 20% 22%
Operating Profit CAGR 19% 21% 26% 22%
PAT CAGR 14% 22% 38% 29%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -8% 14% 63% 44%
ROE Average 22% 25% 25% 21%
ROCE Average 25% 29% 27% 23%

APL Apollo Tubes Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 425 495 568 703 838 964 1356 1695 2464 3006 3605
Minority's Interest 0 0 0 0 0 0 95 138 0 0 0
Borrowings 137 141 188 105 78 175 404 183 347 408 787
Other Non-Current Liabilities 55 78 92 145 137 229 236 323 471 423 529
Total Current Liabilities 533 649 885 1032 1260 1598 1283 1354 1614 2693 2974
Total Liabilities 1150 1364 1733 1985 2313 2966 3375 3693 4897 6531 7894
Fixed Assets 420 614 666 658 875 1034 1708 1736 1837 2580 3281
Other Non-Current Assets 90 94 104 321 168 302 159 383 1048 879 793
Total Current Assets 628 644 962 1006 1270 1620 1507 1575 2012 3052 3820
Total Assets 1150 1364 1733 1985 2313 2966 3375 3693 4897 6531 7894

APL Apollo Tubes Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 14 2 2 1 2 7 47 44 16 164 123
Cash Flow from Operating Activities 133 315 11 315 91 358 510 977 652 691 1112
Cash Flow from Investing Activities -128 -191 -93 -170 -165 -264 -435 -647 -530 -876 -916
Cash Flow from Financing Activities -9 -124 81 -145 79 -53 -78 -359 26 143 27
Net Cash Inflow / Outflow -4 -0 -1 0 5 41 -3 -28 148 -41 222
Closing Cash & Cash Equivalent 10 2 1 2 7 47 44 16 164 123 345

APL Apollo Tubes Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 2.52 2.72 4.29 6.44 6.69 6.22 9.57 14.42 24.73 23.14 26.39
CEPS(Rs) 3.22 3.66 5.75 8.61 8.91 8.91 14.15 20.44 29.08 28.13 32.73
DPS(Rs) 1 1.2 2 2.4 2.8 2.8 0 0 3.5 5 5.5
Book NAV/Share(Rs) 17.64 20.63 24.21 29.61 35.05 40.1 54.16 67.69 98.16 108.3 129.87
Core EBITDA Margin(%) 5.9 5.22 6.05 7.61 6.68 5.33 5.98 7.76 7.07 6.08 6.34
EBIT Margin(%) 5.37 4.71 4.99 6.58 5.86 4.67 5.06 7 6.56 5.54 5.8
Pre Tax Margin(%) 3.19 2.81 3.5 4.93 4.4 3.11 3.72 6.24 6.23 5.14 5.2
PAT Margin (%) 2.11 1.83 2.16 3.47 2.85 2.03 3.21 4.66 4.63 3.82 3.9
Cash Profit Margin (%) 2.7 2.46 2.89 4.64 3.81 2.92 4.41 5.84 5.45 4.64 4.83
ROA(%) 5.49 5.07 6.5 8.18 7.36 5.62 8.07 11.54 14.41 11.23 10.16
ROE(%) 15.29 14.21 19.14 24.03 20.67 16.58 22.23 26.84 29.85 23.51 22.17
ROCE(%) 17.38 17.42 21.29 22.9 22.38 19.81 20.12 27.78 33.34 26.88 25.35
Receivable days 30.66 22.26 15.5 21.47 23.89 24.42 23.33 12.67 6.45 5.2 2.68
Inventory Days 37.72 31.87 35.82 44.36 34.87 34.42 35.87 32.24 21.94 25.27 30.26
Payable days 18.29 22.36 23.58 36.49 30.95 31.2 40.61 39.49 30.01 34.56 41.82
PER(x) 7.87 14.76 15.49 18.19 29.82 23.16 13.03 48.57 36.96 52.02 56.66
Price/Book(x) 1.12 1.95 2.75 3.95 5.69 3.59 2.3 10.35 9.31 11.12 11.51
Dividend Yield(%) 2.52 1.5 1.5 1.03 0.7 0.97 0 0 0.38 0.42 0.37
EV/Net Sales(x) 0.38 0.45 0.52 0.85 1.03 0.59 0.5 2.08 1.77 2.1 2.33
EV/Core EBITDA(x) 5.76 7.54 7.56 9.89 14.51 10.49 7.78 24.7 23.42 31.73 33.37
Net Sales Growth(%) 24.33 25.68 34.26 -6.88 35.96 34.07 7.98 10.05 53.69 23.75 12.08
EBIT Growth(%) 1.31 9.48 41.67 23.89 13.05 4.5 18.61 51.6 43.29 6.11 17.27
PAT Growth(%) -14.08 8.09 57.76 51.25 3.96 -6.25 72.68 59.26 51.82 3.7 14.11
EPS Growth(%) -18.17 8.08 57.76 49.99 3.95 -7.08 53.94 50.68 71.52 -6.42 14.03
Debt/Equity(x) 1.22 1 1.15 0.85 0.93 0.9 0.62 0.31 0.24 0.29 0.31
Current Ratio(x) 1.18 0.99 1.09 0.98 1.01 1.01 1.17 1.16 1.25 1.13 1.28
Quick Ratio(x) 0.64 0.5 0.42 0.52 0.54 0.52 0.56 0.6 0.72 0.58 0.73
Interest Cover(x) 2.46 2.47 3.34 4 4.01 3 3.76 9.26 19.72 13.87 9.62
Total Debt/Mcap(x) 1.09 0.51 0.42 0.22 0.16 0.25 0.27 0.03 0.03 0.03 0.03

APL Apollo Tubes Shareholding Pattern

# Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
Promoter 34.52 31.15 31.15 30.62 29.67 29.57 29.44 28.33 28.32 28.31
FII 24.65 24.26 25.69 25.08 28.63 29.23 30.67 31.53 31.92 31.7
DII 10.95 10.45 11.11 12.73 12.72 13.78 14.08 14.92 15.92 16.52
Public 29.88 34.13 32.05 31.58 28.98 27.42 25.81 25.22 23.84 23.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25%
  • Company is almost debt free.

Cons

  • Promoter holding is low: 28.31%.
  • Debtor days have increased from 34.56 to 41.82days.
  • Stock is trading at 9.8 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.

APL Apollo Tubes News

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