Is APL Apollo Tubes a good quality company?

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

Is APL Apollo Tubes 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 .

What is APL Apollo Tubes share price return in the past 10 years?

APL Apollo Tubes Ltd share price has appreciated 46.7% annually (CAGR) over the past ten years.

Is APL Apollo Tubes 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.

APL Apollo Tubes Ltd - Stock Valuation and Financial Performance

Name: APL Apollo Tubes
Brand: APL Apollo Tubes

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

Place order

APL Apollo Tubes Share Price

₹1,439.80 14.80 1.04%
as on 20-Sep'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	17.4%	21.3%	22.9%	22.4%	19.8%	20.1%	27.8%	33.3%	26.9%	25.4%	-
Value Creation Index ⓘ	0.2	0.5	0.6	0.6	0.4	0.4	1.1	2.0	1.4	1.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,138	4,214	3,924	5,335	7,152	7,723	8,500	13,063	16,166	18,119	17,882
Sales YoY Gr.	-	34.3%	-6.9%	36%	34.1%	8%	10.1%	53.7%	23.8%	12.1%	-
Adj EPS ⓘ	2.7	5.3	6.4	7.3	6.3	9.4	14.4	24.3	22.9	26	26.4
YoY Gr.	-	97%	22.4%	13.4%	-14%	49.5%	53%	69.4%	-5.9%	13.6%	-
BVPS (₹) ⓘ	20.6	24.2	29.6	35.1	40.1	54.2	67.7	98.2	108.3	129.9	136.8
Adj Net Profit ⓘ	62.5	123	152	173	150	234	359	609	635	722	732
Cash Flow from Ops. ⓘ	315	11.3	315	91.4	358	510	977	652	691	1,112	-
Debt/CF from Ops. ⓘ	1.5	57.6	1.9	8.5	2.4	1.6	0.5	0.9	1.3	1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	21.5%	20.4%	28.7%	12.1%
Adj EPS ⓘ	28.8%	32.9%	21.9%	13.6%
BVPSⓘ	22.7%	26.5%	24.3%	19.9%
Share Price	46.7%	61.6%	17.7%	-10.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.6	23.2	23.9	22.5	16.6	20.1	23.5	29.3	23.2	21.9	19.8
Op. Profit Mgn % ⓘ	5.8	6.9	8.5	7.3	5.5	6.2	8	7.2	6.3	6.6	6.6
Net Profit Mgn % ⓘ	2	2.9	3.9	3.2	2.1	3.3	4.8	4.7	3.9	4	4.1
Debt to Equity ⓘ	1	1.2	0.9	0.9	0.9	0.6	0.3	0.2	0.3	0.3	-
Working Cap Days ⓘ	70	66	92	84	79	78	65	49	56	69	30
Cash Conv. Cycle ⓘ	34	30	33	31	30	23	9	1	-1	-5	7

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 28.70%

Net Profit is growing at healthy rate in last 3 years 21.90%

Return on Equity has declined versus last 3 years average to 19.80%

Sales growth is not so good in last 4 quarters at 7.01%

Latest Financials - APL Apollo Tubes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	13.9	26.4
TTM Sales (₹ Cr.)	13,308	17,882
BVPS (₹.) ⓘ	107.4	136.8
Reserves (₹ Cr.) ⓘ	2,926	3,742
P/BV ⓘ	13.40	10.52
PE ⓘ	103.63	54.59

From the Market
52 Week Low / High (₹)	1306.00 / 1789.00
All Time Low / High (₹)	2.25 / 1806.20
Market Cap (₹ Cr.)	39,958
Equity (₹ Cr.)	55.5
Face Value (₹)	2
Industry PE ⓘ	32.1

Management X-Ray of APL Apollo Tubes:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of APL Apollo Tubes

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

This is a premium feature, Please click here to check our solutions.

Key Ratios of APL Apollo Tubes

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,138	4,214	3,924	5,335	7,152	7,723	8,500	13,063	16,166	18,119
Operating Expenses ⓘ	2,957	3,932	3,591	4,964	6,764	7,246	7,821	12,118	15,144	16,927
Manufacturing Costs	71	99	112	115	136	186	193	258	337	405
Material Costs	2,683	3,551	3,232	4,548	6,308	6,576	7,165	11,223	14,027	15,617
Employee Cost	41	63	75	86	108	142	130	153	206	258
Other Costs ⓘ	161	219	172	214	212	342	333	483	574	647
Operating Profit ⓘ	182	282	333	371	389	477	679	945	1,022	1,192
Operating Profit Margin (%)	5.8%	6.7%	8.5%	7.0%	5.4%	6.2%	8.0%	7.2%	6.3%	6.6%
Other Income ⓘ	5	10	6	8	16	22	36	41	47	75
Interest ⓘ	66	70	72	81	113	107	66	44	67	113
Depreciation ⓘ	22	34	51	53	64	96	103	109	138	176
Exceptional Items ⓘ	0	-25	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	98	163	216	244	227	296	546	832	863	978
Tax ⓘ	34	62	64	86	79	40	138	213	221	245
Profit After Tax	64	101	152	158	148	256	408	619	642	732
PAT Margin (%)	2.0%	2.4%	3.9%	3.0%	2.1%	3.3%	4.8%	4.7%	4.0%	4.0%
Adjusted EPS (₹)	2.7	4.3	6.4	6.7	6.2	9.6	14.4	24.7	23.1	26.4
Dividend Payout Ratio (%)	22%	23%	19%	21%	23%	0%	0%	14%	22%	21%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	495	568	699	832	956	1,347	1,691	2,457	3,004	3,605
Share Capital ⓘ	23	23	24	24	24	25	25	50	55	56
Reserves ⓘ	472	544	675	808	933	1,322	1,666	2,407	2,948	3,549
Minority Interest	0	0	0	0	0	95	138	0	0	0
Debt	433	599	569	673	710	727	441	513	712	929
Long Term Debt	141	188	105	78	175	404	183	347	408	787
Short Term Debt	293	411	464	595	536	323	258	166	304	142
Trade Payables	205	254	392	379	699	764	786	1,059	1,597	1,982
Others Liabilities ⓘ	231	312	325	428	601	441	636	867	1,218	1,379
Total Liabilities ⓘ	1,364	1,733	1,985	2,313	2,966	3,375	3,693	4,897	6,531	7,894
Fixed Assets
Gross Block	690	772	703	973	1,191	1,958	2,076	2,277	3,144	3,984
Accumulated Depreciation	76	106	45	99	157	250	341	440	564	703
Net Fixed Assetsⓘ	614	666	658	875	1,034	1,708	1,736	1,837	2,580	3,281
CWIP ⓘ	24	32	122	46	27	10	108	504	374	203
Investmentsⓘ	19	13	0	1	49	2	1	91	96	103
Inventories	320	594	470	591	784	784	760	847	1,480	1,638
Trade Receivables	175	220	295	432	543	476	131	342	137	139
Cash Equivalents	19	1	2	7	48	46	358	376	352	348
Others Assetsⓘ	193	205	438	360	481	349	600	899	1,510	2,183
Total Assets ⓘ	1,364	1,733	1,985	2,313	2,966	3,375	3,693	4,897	6,531	7,894

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	315	11	315	91	358	510	977	652	691	1,112
PBT ⓘ	98	163	216	244	227	296	546	832	863	978
Adjustment ⓘ	87	125	129	141	169	193	139	134	192	232
Changes in Working Capital ⓘ	137	-233	33	-234	29	102	412	-115	-147	120
Tax Paid ⓘ	-7	-43	-63	-60	-67	-82	-119	-199	-216	-218
Cash Flow From Investing Activity ⓘ	-191	-93	-170	-165	-264	-435	-647	-530	-876	-916
Capex	-181	-111	-171	-168	-226	-296	-280	-587	-842	-662
Net Investments	-2	-2	0	0	-39	-143	-341	42	-39	-293
Others ⓘ	-8	20	1	2	1	4	-27	15	6	39
Cash Flow From Financing Activityⓘ	-124	81	-145	79	-53	-78	-359	26	143	27
Net Proceeds from Shares ⓘ	0	0	11	10	6	177	15	7	3	3
Net Proceeds from Borrowing ⓘ	3	47	-109	50	45	132	-246	152	155	385
Interest Paid ⓘ	-66	-70	-73	-77	-101	-119	-62	-41	-61	-94
Dividend Paid ⓘ	-12	-14	-23	-28	-33	-34	0	0	-88	-139
Others ⓘ	-50	117	49	125	31	-235	-65	-93	135	-129
Net Cash Flow ⓘ	0	-1	0	5	41	-3	-28	148	-41	222

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.21	19.14	24.03	20.67	16.58	22.23	26.84	29.85	23.51	22.17
ROCE (%)	17.42	21.29	22.9	22.38	19.81	20.12	27.78	33.34	26.88	25.35
Asset Turnover Ratio	2.77	3.01	2.36	2.58	2.76	2.52	2.47	3.11	2.94	2.61
PAT to CFO Conversion(x)	4.92	0.11	2.07	0.58	2.42	1.99	2.39	1.05	1.08	1.52
Working Capital Days
Receivable Days	22	16	21	24	24	23	13	6	5	3
Inventory Days	32	36	44	35	34	36	32	22	25	30
Payable Days	22	24	36	31	31	41	39	30	35	42

APL Apollo Tubes Ltd Stock News

APL Apollo Tubes Ltd FAQs

What is the share price of APL Apollo Tubes?

Company share prices are keep on changing according to the market conditions. The closing price of APL Apollo Tubes on 20-Sep-2024 16:01 is ₹1,439.8.

What is the market cap of APL Apollo Tubes?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of APL Apollo Tubes stood at ₹39,958.

What is the P/E ratio of APL Apollo Tubes?

The latest P/E ratio of APL Apollo Tubes as of 20-Sep-2024 16:01 is 103.6.

What is the P/B ratio of APL Apollo Tubes?

The latest P/B ratio of APL Apollo Tubes as of 20-Sep-2024 16:01 is 13.40.

What is the 52-week high and low of APL Apollo Tubes?

The 52-week high of APL Apollo Tubes is ₹1,789 and the 52-week low is ₹1,306.

What is the TTM revenue of APL Apollo Tubes?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of APL Apollo Tubes is ₹13,308 ( Cr.) .

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