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

₹ 1,600 1.26%
15 May 12:49 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
The company's product portfolio comprises:
** Apollo structural (69% of revenues), Apollo Z (27%), & Apollo Galv (4%). The products find their use in buildings, houses, warehouses, factories, skyscrapers & industrial & agricultural activities. The company is gradually De-commoditizing its Product Portfolio**.[1]
The company innovated[2] to be the world’s only company to make steel tubes with size range of 10x10mm to 1000x1000mm and thickness range of 0.23 mm to 40mm.[3] As of FY23, company has 16 registered patents in its name.[4]

Website BSE NSE
  • Market Cap ₹ 44,404 Cr.
  • Current Price ₹ 1,600
  • High / Low ₹ 1,806 / 1,047
  • Stock P/E 97.9
  • Book Value ₹ 104
  • Dividend Yield 0.31 %
  • ROCE 22.1 %
  • ROE 16.6 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.2%

Cons

  • Stock is trading at 15.3 times its book value
  • Promoter holding has decreased over last 3 years: -7.56%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,841 1,678 2,670 2,895 3,767 3,061 3,771 3,761 3,686 3,649 3,725 3,146 3,339
1,754 1,597 2,490 2,731 3,537 2,894 3,585 3,552 3,451 3,416 3,517 2,977 3,244
Operating Profit 87 81 180 165 230 166 187 209 236 233 208 169 96
OPM % 5% 5% 7% 6% 6% 5% 5% 6% 6% 6% 6% 5% 3%
13 9 9 6 11 8 13 10 11 17 14 11 14
Interest 12 11 11 10 10 9 13 14 12 13 12 13 12
Depreciation 18 18 24 23 24 24 24 24 31 24 25 28 24
Profit before tax 70 62 154 138 208 142 163 180 204 214 185 139 75
Tax % 22% 25% 25% 25% 26% 26% 26% 26% 26% 25% 28% 26% 23%
54 46 115 103 155 105 121 133 152 161 133 103 57
EPS in Rs 2.17 1.84 4.62 4.12 6.18 4.21 4.85 4.80 5.48 5.79 4.79 3.71 2.07
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,609 2,007 2,067 2,949 3,106 4,336 5,868 5,931 6,008 11,590 14,279 13,859
1,515 1,914 1,973 2,836 2,884 4,101 5,581 5,693 5,724 10,825 13,482 13,153
Operating Profit 94 93 94 113 222 235 287 238 284 764 797 706
OPM % 6% 5% 5% 4% 7% 5% 5% 4% 5% 7% 6% 5%
1 2 13 -4 4 35 42 27 44 35 42 57
Interest 32 46 50 49 63 70 101 82 55 43 48 50
Depreciation 8 10 12 19 40 44 53 69 68 94 102 100
Profit before tax 55 39 44 42 123 156 175 114 205 662 689 612
Tax % 36% 33% 29% 26% 28% 28% 28% -1% 25% 25% 26% 26%
35 26 31 31 88 113 126 115 154 494 512 454
EPS in Rs 1.55 1.12 1.34 1.31 3.74 4.74 5.30 4.63 6.16 19.75 18.46 16.35
Dividend Payout % 32% 45% 45% 76% 32% 29% 26% 0% 0% 18% 27% 34%
Compounded Sales Growth
10 Years: 21%
5 Years: 19%
3 Years: 32%
TTM: -3%
Compounded Profit Growth
10 Years: 33%
5 Years: 29%
3 Years: 43%
TTM: -11%
Stock Price CAGR
10 Years: 55%
5 Years: 61%
3 Years: 38%
1 Year: 37%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 21%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 23 23 23 24 24 24 25 25 50 55 56
Reserves 274 302 318 324 787 882 984 1,250 1,424 2,093 2,515 2,834
314 375 390 461 458 738 732 564 488 339 399 130
123 126 126 260 569 499 838 735 883 1,271 1,534 1,570
Total Liabilities 733 826 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,590
185 242 295 332 505 717 802 957 892 1,536 1,519 1,438
CWIP 8 18 24 26 117 40 22 6 53 52 36 117
Investments 78 87 88 90 391 392 392 396 526 539 961 1,345
462 480 451 621 825 994 1,361 1,215 1,350 1,626 1,988 1,690
Total Assets 733 826 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,590

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-21 68 138 36 377 -60 268 305 618 614 915 740
-53 -84 -75 -45 -181 -132 -123 -164 -545 -171 -837 -334
81 10 -62 9 -196 192 -121 -127 -108 -349 -70 -450
Net Cash Flow 7 -6 0 -0 -0 1 23 15 -36 94 8 -44

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 38 33 20 33 30 29 26 19 5 12 3 1
Inventory Days 45 36 37 36 50 48 47 41 38 28 31 29
Days Payable 16 12 7 20 62 34 43 41 48 37 37 38
Cash Conversion Cycle 67 57 50 48 18 43 30 19 -5 3 -3 -8
Working Capital Days 61 54 42 38 27 37 26 21 5 6 -1 1
ROCE % 16% 13% 13% 15% 18% 16% 16% 11% 14% 32% 27%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
36.88% 36.84% 34.54% 34.52% 34.52% 34.52% 31.16% 31.16% 30.61% 29.67% 29.56% 29.44%
25.69% 25.24% 24.59% 23.29% 24.64% 24.69% 24.31% 25.71% 25.07% 28.66% 29.25% 30.69%
9.39% 8.42% 10.72% 11.12% 11.18% 10.91% 10.42% 11.08% 12.73% 12.69% 13.75% 14.06%
28.04% 29.50% 30.14% 31.07% 29.66% 29.88% 34.14% 32.05% 31.59% 28.99% 27.41% 25.81%
No. of Shareholders 65,6951,24,0861,48,7351,56,0551,54,8181,50,4401,77,0761,81,4661,82,7541,91,7182,05,8452,03,720

* 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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