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 45.9% 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

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APL Apollo Tubes Share Price

₹1,441.10 -23.70 -1.62%
as on 21-Nov'24 15:40

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 % ⓘ	13.3%	11.8%	17.9%	15.6%	16.4%	11%	13.8%	32%	27%	22.1%	-
Value Creation Index ⓘ	-0.1	-0.2	0.3	0.1	0.2	-0.2	0.0	1.8	1.4	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,101	2,996	3,106	4,336	5,868	5,931	6,008	11,590	14,279	13,859	12,911
Sales YoY Gr.	-	42.6%	3.7%	39.6%	35.4%	1.1%	1.3%	92.9%	23.2%	-2.9%	-
Adj EPS ⓘ	1.3	2.3	3.8	5.3	5.4	4.5	6.1	19.5	18.3	16.1	9.3
YoY Gr.	-	72.7%	64.9%	41%	0.9%	-16.1%	36.3%	218.8%	-6.5%	-12%	-
BVPS (₹) ⓘ	14.1	14.8	34.2	37.9	41.9	50.9	57.9	85.4	92.6	104.1	108.1
Adj Net Profit ⓘ	30.9	53.5	88.8	126	128	112	153	488	506	446	259
Cash Flow from Ops. ⓘ	138	36	377	-59.9	268	305	618	614	916	740	-
Debt/CF from Ops. ⓘ	2.8	12.8	1.2	-12.3	2.7	1.9	0.8	0.6	0.4	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	23.3%	18.8%	32.1%	-2.9%
Adj EPS ⓘ	32%	24.6%	37.9%	-12%
BVPSⓘ	24.9%	20%	21.6%	12.4%
Share Price	45.9%	56.2%	16.5%	-12.7%

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 % ⓘ	9.3	15.5	15.3	14.7	13.3	9.8	11.2	27.2	21.5	16.3	8.8
Op. Profit Mgn % ⓘ	4.5	4	7.1	5.9	4.9	4	4.7	6.6	5.6	5.1	3.5
Net Profit Mgn % ⓘ	1.5	1.8	2.9	2.9	2.2	1.9	2.5	4.2	3.6	3.2	2
Debt to Equity ⓘ	1.2	1.3	0.6	0.8	0.7	0.5	0.3	0.2	0.2	0.1	0.1
Working Cap Days ⓘ	73	61	80	77	78	83	69	43	49	57	22
Cash Conv. Cycle ⓘ	43	35	23	24	28	21	5	-2	-2	-8	1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 32.13%

Net Profit is growing at healthy rate in last 3 years 37.93%

Return on Equity has declined versus last 3 years average to 8.80%

Sales growth is not so good in last 4 quarters at -10.34%

Latest Financials - APL Apollo Tubes Ltd.

	Standalone	Consolidated
TTM EPS (₹)	9.3	21
TTM Sales (₹ Cr.)	12,911	18,020
BVPS (₹.) ⓘ	108.1	138.7
Reserves (₹ Cr.) ⓘ	2,943	3,793
P/BV ⓘ	13.56	10.56
PE ⓘ	157.19	69.74

From the Market
52 Week Low / High (₹)	1253.00 / 1773.00
All Time Low / High (₹)	2.25 / 1806.20
Market Cap (₹ Cr.)	40,652
Equity (₹ Cr.)	55.5
Face Value (₹)	2
Industry PE ⓘ	21.8

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

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Price to Earnings

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Dividend History

Analyst's Notes

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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	2,101	2,996	3,106	4,336	5,868	5,931	6,008	11,590	14,279	13,859
Operating Expenses ⓘ	2,007	2,883	2,885	4,101	5,584	5,693	5,724	10,826	13,482	13,153
Manufacturing Costs	43	46	75	77	87	108	82	201	239	219
Material Costs	1,832	2,665	2,624	3,790	5,245	5,237	5,349	10,120	12,644	12,373
Employee Cost	23	35	53	63	79	93	76	125	149	151
Other Costs ⓘ	110	136	134	171	172	256	217	380	450	410
Operating Profit ⓘ	94	113	221	235	285	238	284	764	797	706
Operating Profit Margin (%)	4.5%	3.8%	7.1%	5.4%	4.9%	4.0%	4.7%	6.6%	5.6%	5.1%
Other Income ⓘ	13	22	5	35	45	27	44	36	42	57
Interest ⓘ	50	49	63	70	101	82	55	43	48	50
Depreciation ⓘ	12	19	40	44	53	69	68	94	102	100
Exceptional Items ⓘ	0	-25	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	44	42	123	156	175	114	205	662	689	612
Tax ⓘ	13	11	35	43	49	-1	51	168	177	158
Profit After Tax	31	31	88	113	126	115	154	494	512	454
PAT Margin (%)	1.5%	1.0%	2.8%	2.6%	2.2%	1.9%	2.6%	4.3%	3.6%	3.3%
Adjusted EPS (₹)	1.3	1.3	3.7	4.8	5.3	4.6	6.2	19.8	18.5	16.4
Dividend Payout Ratio (%)	45%	76%	32%	29%	26%	0%	0%	18%	27%	34%

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	342	347	806	900	1,000	1,266	1,445	2,137	2,569	2,889
Share Capital ⓘ	23	23	24	24	24	25	25	50	55	56
Reserves ⓘ	318	324	782	876	976	1,241	1,420	2,086	2,514	2,834
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	356	425	439	640	592	490	433	271	336	92
Long Term Debt	84	143	98	75	140	245	224	108	65	35
Short Term Debt	272	282	341	565	452	245	208	163	271	57
Trade Payables	38	146	443	353	624	588	697	1,029	1,265	1,296
Others Liabilities ⓘ	123	182	170	303	541	316	377	665	876	963
Total Liabilities ⓘ	858	1,100	1,857	2,195	2,757	2,660	2,952	4,101	5,045	5,241
Fixed Assets
Gross Block	341	395	532	790	936	1,156	1,147	1,856	1,929	1,916
Accumulated Depreciation	46	63	40	84	134	199	256	383	473	541
Net Fixed Assetsⓘ	295	332	493	706	802	957	892	1,473	1,456	1,375
CWIP ⓘ	24	26	117	40	22	6	53	52	36	117
Investmentsⓘ	88	90	391	392	392	396	526	539	961	1,345
Inventories	183	262	362	504	680	590	550	778	1,058	994
Trade Receivables	116	263	253	339	422	307	87	373	104	24
Cash Equivalents	9	1	1	1	25	40	344	288	256	73
Others Assetsⓘ	142	126	241	214	414	364	500	598	1,175	1,313
Total Assets ⓘ	858	1,100	1,857	2,195	2,757	2,660	2,952	4,101	5,045	5,241

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 ⓘ	138	36	377	-60	268	305	618	614	916	740
PBT ⓘ	44	42	123	156	175	114	205	662	689	612
Adjustment ⓘ	57	81	108	91	114	132	83	117	132	105
Changes in Working Capital ⓘ	40	-80	170	-274	5	98	371	-13	267	181
Tax Paid ⓘ	-4	-7	-24	-33	-27	-39	-41	-152	-172	-157
Cash Flow From Investing Activity ⓘ	-75	-45	-181	-132	-123	-164	-545	-171	-837	-334
Capex	-80	-67	-148	-163	-157	-171	-106	-115	-120	-88
Net Investments	-2	-2	1	1	0	-1	-340	153	44	-125
Others ⓘ	6	23	-34	30	34	8	-99	-209	-761	-121
Cash Flow From Financing Activityⓘ	-62	9	-196	192	-121	-127	-108	-349	-71	-450
Net Proceeds from Shares ⓘ	0	0	8	7	6	177	15	7	3	3
Net Proceeds from Borrowing ⓘ	-10	59	-86	56	108	39	-38	-265	-50	-51
Interest Paid ⓘ	-50	-49	-63	-66	-87	-95	-50	-45	-44	-49
Dividend Paid ⓘ	-12	-14	-23	-28	-33	-34	0	0	-88	-139
Others ⓘ	10	12	-31	224	-113	-215	-37	-46	108	-215
Net Cash Flow ⓘ	0	0	0	1	23	15	-36	94	8	-44

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 (%)	9.59	9.1	15.32	13.22	13.31	10.15	11.34	27.6	21.76	16.62
ROCE (%)	13.29	11.84	17.93	15.55	16.36	10.95	13.77	31.95	27.03	22.11
Asset Turnover Ratio	2.73	3.28	2.32	2.22	2.41	2.25	2.2	3.36	3.24	2.79
PAT to CFO Conversion(x)	4.45	1.16	4.28	-0.53	2.13	2.65	4.01	1.24	1.79	1.63
Working Capital Days
Receivable Days	24	22	27	24	23	22	12	7	6	2
Inventory Days	29	25	33	35	36	38	34	20	23	26
Payable Days	10	13	41	38	34	42	44	31	33	38

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 21-Nov-2024 15:40 is ₹1,441.1.

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 21-Nov-2024 15:40 the market cap of APL Apollo Tubes stood at ₹40,651.8.

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

The latest P/E ratio of APL Apollo Tubes as of 21-Nov-2024 15:40 is 157.2.

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

The latest P/B ratio of APL Apollo Tubes as of 21-Nov-2024 15:40 is 13.56.

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

The 52-week high of APL Apollo Tubes is ₹1,773 and the 52-week low is ₹1,253.

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 ₹12,911 ( 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