APL Apollo Tubes Ltd

APL Apollo Tubes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

APL Apollo Tubes Ltd

₹ 1,441 -1.62%
21 Nov 4:00 p.m.
aplapollo.com BSE: 533758 NSE: APLAPOLLO
About

APL Apollo Tubes Limited (APL Apollo) is one of India’s leading branded steel products manufacturers. Headquartered at Delhi NCR, the Company runs 10 manufacturing facilities churning out over 1,500 varieties of MS Black Pipes, Galvanised Tubes, Pre-Galvanised Tubes, Structural ERW Steel Tubes and Hollow Sections to serve industry applications like urban infrastructures, housing, irrigation, solar plants, greenhouses and engineering. [1]

Key Points

Product Portfolio
As of FY24, The company's product portfolio comprises:
Apollo structural (68% of revenues),
Apollo Z (28%),
Apollo Galv (4%)[1]

Website BSE NSE
  • Market Cap ₹ 39,994 Cr.
  • Current Price ₹ 1,441
  • High / Low ₹ 1,774 / 1,253
  • Stock P/E 68.6
  • Book Value ₹ 139
  • Dividend Yield 0.37 %
  • ROCE 25.2 %
  • ROE 22.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 37.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.9%
  • Company's median sales growth is 23.7% of last 10 years

Cons

  • Stock is trading at 10.4 times its book value
  • Promoter holding has decreased over last 3 years: -8.52%

* 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.

Peer comparison

Sector: Steel Industry: Steel - Large

Part of BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty Midcap150 Quality 50 Nifty Metal Nifty 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,084 3,230 4,215 3,439 3,969 4,327 4,431 4,545 4,630 4,178 4,766 4,974 4,774
2,862 3,028 3,949 3,245 3,737 4,054 4,108 4,238 4,305 3,898 4,485 4,673 4,636
Operating Profit 222 202 266 194 232 273 323 307 325 280 280 302 138
OPM % 7% 6% 6% 6% 6% 6% 7% 7% 7% 7% 6% 6% 3%
11 8 11 8 12 9 18 22 20 15 19 25 15
Interest 11 11 10 10 14 19 25 27 27 28 31 28 36
Depreciation 27 27 28 29 28 35 47 41 41 47 47 46 47
Profit before tax 196 172 239 163 202 229 269 261 277 219 221 252 70
Tax % 25% 26% 26% 26% 26% 26% 25% 26% 27% 24% 23% 23% 23%
146 128 177 121 150 169 202 194 203 166 170 193 54
EPS in Rs 5.85 5.11 6.51 4.82 6.00 6.10 7.28 6.98 7.32 5.96 6.14 6.96 1.94
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,008 2,497 3,090 4,154 3,924 5,335 7,152 7,723 8,500 13,063 16,166 18,119 18,692
1,849 2,332 2,908 3,872 3,590 4,964 6,759 7,246 7,821 12,118 15,143 16,926 17,692
Operating Profit 160 165 182 282 334 371 393 478 679 946 1,022 1,193 1,000
OPM % 8% 7% 6% 7% 9% 7% 5% 6% 8% 7% 6% 7% 5%
1 2 4 -15 5 8 12 22 36 40 46 74 73
Interest 43 61 66 70 72 81 113 107 66 44 67 113 124
Depreciation 13 16 22 34 51 53 64 96 103 109 138 176 187
Profit before tax 105 89 98 163 216 244 227 296 546 832 863 978 762
Tax % 35% 34% 35% 38% 30% 35% 35% 14% 25% 26% 26% 25%
69 59 64 101 152 158 148 256 408 619 642 732 583
EPS in Rs 3.08 2.52 2.72 4.29 6.45 6.66 6.22 9.58 14.42 24.73 23.14 26.39 21.00
Dividend Payout % 16% 20% 22% 23% 19% 21% 23% 0% 0% 14% 22% 21%
Compounded Sales Growth
10 Years: 22%
5 Years: 20%
3 Years: 29%
TTM: 4%
Compounded Profit Growth
10 Years: 29%
5 Years: 38%
3 Years: 26%
TTM: -24%
Stock Price CAGR
10 Years: 46%
5 Years: 57%
3 Years: 18%
1 Year: -12%
Return on Equity
10 Years: 23%
5 Years: 24%
3 Years: 25%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 22 23 23 23 24 24 24 25 25 50 55 56 56
Reserves 341 402 472 544 680 814 940 1,331 1,670 2,414 2,950 3,549 3,793
445 505 482 651 594 775 858 834 520 581 873 1,144 1,023
189 220 345 442 547 568 952 1,075 1,184 1,407 1,973 2,438 2,355
Total Liabilities 997 1,150 1,323 1,660 1,845 2,181 2,774 3,266 3,399 4,452 5,852 7,187 7,227
323 420 614 666 670 886 1,034 1,708 1,736 1,837 2,580 3,281 3,481
CWIP 15 28 24 32 122 46 27 10 108 504 374 203 217
Investments 1 18 19 13 0 1 49 2 1 91 96 103 97
658 685 666 949 1,052 1,248 1,663 1,546 1,554 2,020 2,801 3,600 3,432
Total Assets 997 1,150 1,323 1,660 1,845 2,181 2,774 3,266 3,399 4,452 5,852 7,187 7,227

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
26 133 315 11 315 91 358 510 977 652 691 1,112
-105 -128 -191 -93 -170 -165 -264 -435 -647 -530 -876 -916
88 -9 -124 81 -145 79 -53 -78 -359 26 143 27
Net Cash Flow 9 -4 -0 -0 0 5 41 -3 -28 148 -41 222

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 36 21 19 27 30 28 23 6 10 3 3
Inventory Days 62 48 44 61 53 47 45 44 39 28 39 38
Days Payable 21 20 28 26 44 30 40 42 40 34 42 46
Cash Conversion Cycle 81 64 36 54 36 47 33 24 4 3 0 -5
Working Capital Days 75 62 32 43 41 41 27 24 9 7 11 17
ROCE % 21% 17% 17% 24% 23% 22% 20% 20% 26% 32% 27% 25%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
34.54% 34.52% 34.52% 34.52% 31.16% 31.16% 30.61% 29.67% 29.56% 29.44% 28.33% 28.32%
24.59% 23.29% 24.64% 24.69% 24.31% 25.71% 25.07% 28.66% 29.25% 30.69% 31.55% 31.94%
10.72% 11.12% 11.18% 10.91% 10.42% 11.08% 12.73% 12.69% 13.75% 14.06% 14.90% 15.89%
30.14% 31.07% 29.66% 29.88% 34.14% 32.05% 31.59% 28.99% 27.41% 25.81% 25.23% 23.84%
No. of Shareholders 1,48,7351,56,0551,54,8181,50,4401,77,0761,81,4661,82,7541,91,7182,05,8452,03,7201,94,1922,17,648

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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