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APL Apollo Tubes Ltd Stock Analysis

Mid Cap
Evaluated by 1090 users | BSE: 533758 | NSE: APLAPOLLO |
Steel & Iron Products

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...

Analysis of Financial Track Record

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 14.2%13.33%13.95%11.68%11.43%15.66%16.1%15.77%13.34%15.03%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 9051,3922,0082,4973,1384,2143,9245,3357,1527,723
Y-o-Y Gr. Rt.-53.8%44.2%24.3%25.7%34.3%-6.9%36%34.1%8%
Adjusted EPS (Rs.) 4.264.646.25.055.3310.5112.914.5412.5618.79
Y-o-Y Gr. Rt.-8.9%33.6%-18.6%5.5%97.2%22.7%12.7%-13.6%49.6%
Book Value per Share (Rs.) 22.527.1232.0835.2841.2648.4359.2270.1180.2108.32
Adjusted Net Profit 43.249.469.259.262.5123152173150234
Net Op. Cash Flow (Rs. Cr.) 33.437.325.613331511.331591.4358510
Debt to Cash Flow from Ops 7.418.3317.43.81.5357.571.888.482.41.64
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
APL Apollo Tubes Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 26.9%19.7%25.3%8%
Adjusted EPS 17.9%28.7%13.4%49.6%
Book Value per Share 19.121.322.335.1
Share Price 48.1% 46.6% 24.7% 131%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 20.2118.4220.7414.9213.5823.1923.9422.3916.6320.14
Operating Profit Margin (%) 9.858.217.946.595.796.868.517.345.536.18
Net Profit Margin (%) 4.773.553.442.371.992.923.883.232.093.26
Debt to Equity 1.081.081.241.2211.150.850.930.90.62
Working Capital Days 107908785706692848080
Cash Conversion Cycle 68595551343033313023
Entity Percentage Holding
Promoters 39.47%
Institutions 29.61%
Non-Institutions 30.92%
Pledged *0.000.000.000.000.000.000.000.000.770.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of APL Apollo Tubes Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that APL Apollo Tubes Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of APL Apollo Tubes Ltd's performance infers:

APL Apollo Tubes Ltd earnings have grown by 28.7%, whereas share price has appreciated 46.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of APL Apollo Tubes Ltd share prices over the last 10 years. Here is what we found out:

APL Apollo Tubes Ltd share price has appreciated 42.2% annually over the past ten years.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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