APL Apollo Tubes Ltd Stock Analysis

BSE: 533758 | NSE: APLAPOLLO | Steel & Iron Products | Large Cap

BSE Share Price Jul 01, 18:01
846.20 -3.60 (-0.42%)

DeciZen - Make an Informed Decision on APL Apollo Tubes

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

FAQs

1. Is APL Apollo Tubes Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that APL Apollo Tubes Ltd is a average quality company.

2. Is APL Apollo Tubes Ltd undervalued or overvalued?

The key valuation ratios of APL Apollo Tubes Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is APL Apollo Tubes Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of APL Apollo Tubes Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of APL Apollo Tubes:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
APL Apollo Tubes Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 13.3%14%11.7%11.4%15.7%16.1%15.8%13.3%15%17.4%-
Value Creation Index -0.1-0-0.2-0.20.10.20.1-0.10.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,3922,0082,4973,1384,2143,9245,3357,1527,7238,50012,625
YoY Gr. Rt. %-44.2%24.3%25.7%34.3%-6.9%36%34.1%8%10.1%-
Adj EPS 2.33.12.52.75.36.57.36.39.414.322.3
YoY Gr. Rt. %-33.6%-18.7%6%97%22.6%12.7%-13.6%49.5%52.7%-
BVPS (₹) 13.61617.620.624.229.635.140.154.267.790.5
Adj Net Profit 49.469.259.262.5123152173150234358557
Cash Flow from Ops. 37.325.613331511.331591.4358510977-
Debt/CF from Ops. 8.317.43.81.557.61.98.52.41.60.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22.3%15.1%16.8%10.1%
Adj EPS 22.4%22.2%25.4%52.7%
BVPS 19.622.824.525
Share Price 49.5% 39.4% 72% 3.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 18.420.714.913.623.223.922.416.620.123.528.2
Op. Profit Mgn % 8.27.96.65.86.98.57.35.56.287.5
Net Profit Mgn % 3.63.42.422.93.93.22.13.34.84.4
Debt to Equity 1.11.21.211.20.90.90.90.60.30.2
Working Cap Days 9087857066928480786540
Cash Conv. Cycle 59555134303331302399

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 28.20%

Sales growth is growing at healthy rate in last 3 years 16.80%

Net Profit is growing at healthy rate in last 3 years 25.41%

Debt to equity has declined versus last 3 years average to 0.31

Sales growth is good in last 4 quarters at 63.50%

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Latest Financials - APL Apollo Tubes Ltd.

Standalone Consolidated
TTM EPS (₹) 11.5 22.3
TTM Sales (₹ Cr.) 8,773 12,625
BVPS (₹.) 69.7 90.5
Reserves (₹ Cr.) 1,695 2,214
P/BV 12.14 9.33
PE 73.76 37.92
From the Market
52 Week Low / High (₹) 720.00 / 1113.65
All Time Low / High (₹) 2.25 / 1113.65
Market Cap (₹ Cr.) 21,179
Equity (₹ Cr.) 50.1
Face Value (₹) 2
Industry PE 5.3

Management X-Ray of APL Apollo Tubes :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.770.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About APL Apollo Tubes Ltd

APL Apollo Tubes, earlier known as Bihar Tubes was incorporated in 1986, founded by late Sudesh Kumar Gupta, and since then has carved an unparalleled position in the global market by making relentless endeavour to cater to its clients with premium quality pipes & tubes. Under the chairmanship of its founder member, Late. Sh. Sudesh Kumar Gupta, its  excellence in engineering, a genuine team spirit, clear objectives, ethical business practices and well-defined goals have infused an accelerated pace of growth in the market expansion of the company.

With a capacity to produce multi Million Tonnes per annum, APL Apollo Tubes Limited is the largest producer of Structural Steel Tubes in India. The company has an extended distribution network of warehouses and branch offices in various cities across the country catering to domestic as well as many countries worldwide.

Business area of the company

The Company is engaged in the business of production of Electric Resistance Welded (ERW) steel tubes. The company’s multi-product offerings include huge varieties of Pre- Galvanized Tubes, Structural Steel Tubes, Galvanized Tubes, MS Black Pipes and Hollow Sections, which make APL Apollo one of leading branded steel products manufacturers in India.

Awards and recognitions

  • 2016: APL APOLLO has won the “Fastest Growing Manufacturing Company” award at the IPF Industrial Excellence Awards.
  • 2017: APL Apollo Tubes Ltd received “India’s Best Company of The Year” award received from International Brand Consulting Corporation, USA.
  • 2018: APL Apollo Tubes being facilitated by CREDAI.
  • 2019: Times Power Icons 2019 for North region certificate of recognition received by Sanjay Gupta (The Chairman, APL Apollo Tubes Ltd) for exemplary contribution in the field of excellence in the field of steel pipes and section.
  • 2019: APL Apollo Tubes Ltd received Emerging Brand award for the Year 2019 from ABP news Brands Excellence Awards.

History and Milestones

1986

  • Year of Incorporation
  • Setting-up of the first manufacturing plant in Sikandrabad, Ghaziabad

1994-95

  • Commissioned a new Galvanizing plant
  • Received ISI Certification
  • Listed on the Stock Exchanges (BSE & NSE)

2000-02

  • Commissioned a new tube mill and modern Gallium mill
  • Received ISO 9001:2000 certification

2003-04

  • Developed in-house Hollow Sections across a wide range of sizes
  • First in India to launch Pre-Galvanized pipes

2007-08

  • Acquired Apollo Metalex Private Limited
  • Awarded with Star Export House Status
  • Acquired Shri Lakshmi Metal Udyog Limited in Bengaluru

2009-10

  • Commissioned a plant in Hosur, Tamil Nadu
  • A Greenfield venture with state-of-the-art mills
  • Started multiple warehouses across India

2011-12

  • Name changed to APL Apollo Tubes Limited from Bihar Tubes
  • Received UL, CE, SGF France Certifications and other approvals
  • Acquired Lloyds Line Pipes Limited plant near Mumbai

2013-14

  • Procured CRFH Coils from JSW Steel to expand the product range
  • Launched Door sections, Window sections, and Railing tubes

2015

  • First in India to achieve a capacity of 1 MTPA in steel pipes

2016-17

  • Established India’s first-ever Direct Forming Technology Line in Hosur
  • Commissioned Greenfield facility at Raipur & Chhattisgarh with Direct Forming Technology
  • Awarded patents for six product designs

2018-19

  • Apollo Tricoat and entered into home improvement solution offerings with focused consumer products like door frames, designer tubes, electrical conduits, ceiling products

2019-20

  • 40% market share in structural steel tubing industry
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