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

₹ 1,554 0.29%
26 Apr - close price
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 ₹ 43,140 Cr.
  • Current Price ₹ 1,554
  • High / Low ₹ 1,806 / 1,047
  • Stock P/E 78.7
  • Book Value ₹ 98.2
  • Dividend Yield 0.32 %
  • ROCE 27.0 %
  • ROE 21.7 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 35.4% CAGR over last 5 years
  • Company's median sales growth is 23.2% of last 10 years

Cons

  • Stock is trading at 15.8 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,802 1,841 1,678 2,670 2,895 3,767 3,061 3,771 3,761 3,686 3,649 3,725 3,146
1,708 1,754 1,597 2,490 2,731 3,537 2,894 3,585 3,552 3,451 3,416 3,517 2,977
Operating Profit 94 87 81 180 165 230 166 187 209 236 233 208 169
OPM % 5% 5% 5% 7% 6% 6% 5% 5% 6% 6% 6% 6% 5%
12 13 9 9 6 11 8 13 10 11 17 14 11
Interest 14 12 11 11 10 10 9 13 14 12 13 12 13
Depreciation 18 18 18 24 23 24 24 24 24 31 24 25 28
Profit before tax 75 70 62 154 138 208 142 163 180 204 214 185 139
Tax % 25% 22% 25% 25% 25% 26% 26% 26% 26% 26% 25% 28% 26%
56 54 46 115 103 155 105 121 133 152 161 133 103
EPS in Rs 2.23 2.17 1.84 4.62 4.12 6.18 4.21 4.85 4.80 5.48 5.79 4.79 3.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,078 1,609 2,007 2,067 2,949 3,106 4,336 5,868 5,931 6,008 11,590 14,279 14,205
1,006 1,515 1,914 1,973 2,836 2,884 4,101 5,581 5,693 5,724 10,825 13,482 13,360
Operating Profit 72 94 93 94 113 222 235 287 238 284 764 797 846
OPM % 7% 6% 5% 5% 4% 7% 5% 5% 4% 5% 7% 6% 6%
0 1 2 13 -4 4 35 42 27 44 35 42 53
Interest 23 32 46 50 49 63 70 101 82 55 43 48 50
Depreciation 6 8 10 12 19 40 44 53 69 68 94 102 107
Profit before tax 43 55 39 44 42 123 156 175 114 205 662 689 741
Tax % 33% 36% 33% 29% 26% 28% 28% 28% -1% 25% 25% 26%
29 35 26 31 31 88 113 126 115 154 494 512 548
EPS in Rs 1.35 1.55 1.12 1.34 1.31 3.74 4.74 5.30 4.63 6.16 19.75 18.46 19.77
Dividend Payout % 15% 32% 45% 45% 76% 32% 29% 26% 0% 0% 18% 27%
Compounded Sales Growth
10 Years: 24%
5 Years: 27%
3 Years: 34%
TTM: -1%
Compounded Profit Growth
10 Years: 31%
5 Years: 35%
3 Years: 65%
TTM: 7%
Stock Price CAGR
10 Years: 54%
5 Years: 59%
3 Years: 33%
1 Year: 30%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 21%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 21 22 23 23 23 24 24 24 25 25 50 55 55
Reserves 237 274 302 318 324 787 882 984 1,250 1,424 2,093 2,515 2,671
204 314 375 390 461 458 738 732 564 488 339 399 460
93 123 126 126 260 569 499 838 735 883 1,271 1,534 1,328
Total Liabilities 556 733 826 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,514
124 185 242 295 332 505 717 802 957 892 1,536 1,519 1,490
CWIP 34 8 18 24 26 117 40 22 6 53 52 36 43
Investments 77 78 87 88 90 391 392 392 396 526 539 961 995
321 462 480 451 621 825 994 1,361 1,215 1,350 1,626 1,988 1,985
Total Assets 556 733 826 858 1,068 1,838 2,143 2,577 2,574 2,820 3,753 4,504 4,514

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 -21 68 138 36 377 -60 268 305 618 614 915
-64 -53 -84 -75 -45 -181 -132 -123 -164 -545 -171 -837
18 81 10 -62 9 -196 192 -121 -127 -108 -349 -70
Net Cash Flow -15 7 -6 0 -0 -0 1 23 15 -36 94 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 42 38 33 20 33 30 29 26 19 5 12 3
Inventory Days 36 45 36 37 36 50 48 47 41 38 28 31
Days Payable 17 16 12 7 20 62 34 43 41 48 37 37
Cash Conversion Cycle 61 67 57 50 48 18 43 30 19 -5 3 -3
Working Capital Days 57 61 54 42 38 27 37 26 21 5 6 -1
ROCE % 16% 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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