APL Apollo Tubes Ltd
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]
- Market Cap ₹ 32,586 Cr.
- Current Price ₹ 1,175
- High / Low ₹ 1,201 / 771
- Stock P/E 54.0
- Book Value ₹ 95.0
- Dividend Yield 0.30 %
- ROCE 34.7 %
- ROE 28.2 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 29.7% CAGR over last 5 years
- Company's median sales growth is 24.3% of last 10 years
Cons
- Stock is trading at 12.4 times its book value
- Promoter holding has decreased over last quarter: -3.37%
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
899 | 1,392 | 2,008 | 2,497 | 3,090 | 4,154 | 3,924 | 5,335 | 7,152 | 7,723 | 8,500 | 13,063 | 15,950 | |
809 | 1,277 | 1,849 | 2,332 | 2,908 | 3,872 | 3,590 | 4,964 | 6,759 | 7,246 | 7,821 | 12,118 | 14,985 | |
Operating Profit | 90 | 115 | 160 | 165 | 182 | 282 | 334 | 371 | 393 | 478 | 679 | 946 | 965 |
OPM % | 10% | 8% | 8% | 7% | 6% | 7% | 9% | 7% | 5% | 6% | 8% | 7% | 6% |
2 | 0 | 1 | 2 | 4 | -15 | 5 | 8 | 12 | 22 | 36 | 40 | 40 | |
Interest | 23 | 34 | 43 | 61 | 66 | 70 | 72 | 81 | 113 | 107 | 66 | 44 | 52 |
Depreciation | 6 | 9 | 13 | 16 | 22 | 34 | 51 | 53 | 64 | 96 | 103 | 109 | 119 |
Profit before tax | 63 | 72 | 105 | 89 | 98 | 163 | 216 | 244 | 227 | 296 | 546 | 832 | 833 |
Tax % | 31% | 32% | 35% | 34% | 35% | 38% | 30% | 35% | 35% | 14% | 25% | 26% | |
Net Profit | 43 | 49 | 69 | 59 | 64 | 101 | 152 | 158 | 148 | 256 | 408 | 619 | 617 |
EPS in Rs | 2.12 | 2.30 | 3.08 | 2.52 | 2.72 | 4.29 | 6.45 | 6.66 | 6.22 | 9.58 | 14.42 | 22.27 | 23.43 |
Dividend Payout % | 9% | 9% | 16% | 20% | 22% | 23% | 19% | 21% | 23% | 0% | 0% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 25% |
5 Years: | 27% |
3 Years: | 22% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | 27% |
5 Years: | 30% |
3 Years: | 56% |
TTM: | 12% |
Stock Price CAGR | |
---|---|
10 Years: | 49% |
5 Years: | 40% |
3 Years: | 80% |
1 Year: | 29% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 23% |
3 Years: | 25% |
Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
20 | 21 | 22 | 23 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 50 | 50 | |
Reserves | 209 | 270 | 341 | 402 | 472 | 544 | 680 | 814 | 940 | 1,331 | 1,670 | 2,214 | 2,578 |
239 | 311 | 445 | 505 | 482 | 651 | 594 | 775 | 858 | 834 | 520 | 581 | 952 | |
86 | 104 | 189 | 220 | 345 | 442 | 547 | 568 | 952 | 1,075 | 1,184 | 1,607 | 1,383 | |
Total Liabilities | 554 | 706 | 997 | 1,150 | 1,323 | 1,660 | 1,845 | 2,181 | 2,774 | 3,266 | 3,399 | 4,452 | 4,963 |
182 | 223 | 323 | 420 | 614 | 666 | 670 | 886 | 1,034 | 1,708 | 1,736 | 1,837 | 1,839 | |
CWIP | 19 | 46 | 15 | 28 | 24 | 32 | 122 | 46 | 27 | 10 | 108 | 504 | 774 |
Investments | 2 | 0 | 1 | 18 | 19 | 13 | 0 | 1 | 49 | 2 | 1 | 91 | 108 |
352 | 437 | 658 | 685 | 666 | 949 | 1,052 | 1,248 | 1,663 | 1,546 | 1,554 | 2,020 | 2,242 | |
Total Assets | 554 | 706 | 997 | 1,150 | 1,323 | 1,660 | 1,845 | 2,181 | 2,774 | 3,266 | 3,399 | 4,452 | 4,963 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 37 | 26 | 133 | 315 | 11 | 315 | 91 | 358 | 510 | 977 | 652 | |
-109 | -91 | -105 | -128 | -191 | -93 | -170 | -165 | -264 | -435 | -647 | -530 | |
71 | 37 | 88 | -9 | -124 | 81 | -145 | 79 | -53 | -78 | -359 | 26 | |
Net Cash Flow | -5 | -17 | 9 | -4 | -0 | -0 | 0 | 5 | 41 | -3 | -28 | 148 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 41 | 45 | 40 | 36 | 21 | 19 | 27 | 30 | 28 | 23 | 6 | 10 |
Inventory Days | 73 | 48 | 62 | 48 | 44 | 61 | 53 | 47 | 45 | 44 | 39 | 28 |
Days Payable | 13 | 11 | 21 | 20 | 28 | 26 | 44 | 30 | 40 | 42 | 40 | 34 |
Cash Conversion Cycle | 100 | 82 | 81 | 64 | 36 | 54 | 36 | 47 | 33 | 24 | 4 | 3 |
Working Capital Days | 97 | 80 | 75 | 62 | 32 | 43 | 41 | 41 | 27 | 24 | 9 | 7 |
ROCE % | 21% | 20% | 21% | 17% | 17% | 24% | 23% | 22% | 20% | 20% | 28% | 35% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - APL Apollo Tubes Limited has informed the Exchange about Link of Recording
- Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended December 31, 2022 2 Feb
- Board Meeting Outcome for Outcome Of Board Meeting Held On February 2, 2023 2 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
25 Jan - APL Apollo Tubes Limited has informed the Exchange about Schedule of Conference Call to discus Q3FY23 earnings with investors and analysts to be held on …
- Board Meeting Intimation for Board Meeting To Be Held On 2Nd February 2023 20 Jan
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Nov 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Dec 2017Transcript PPT
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Nov 2016TranscriptPPT
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Product Portfolio
The company has well diversified operations with product portfolio comprising of 4 primary products with different specification as per the customer need in each primary product category. the categories are:-
The categories are Apollo structural (63% of revenues), Apollo Z (18%), Apollo Tricoat (15%) & Apollo Galv (4%). The products find their use in buildings, houses, warehouses, factories, skyscrapers & industrial & agricultural activities. [1]