APL Apollo Tubes Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 15,591 Cr.
  • Current Price 1,249
  • High / Low 1,448 / 231
  • Stock P/E 52.4
  • Book Value 115
  • Dividend Yield 0.00 %
  • ROCE 20.1 %
  • ROE 20.5 %
  • Face Value 2.00

Pros

  • Company's median sales growth is 34.07% of last 10 years

Cons

  • Stock is trading at 10.89 times its book value
  • Promoter holding has decreased over last quarter: -2.47%

Peer comparison

Sector: Steel Industry: Steel - Large

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,519 1,677 1,690 1,691 2,094 2,072 1,647 2,116 1,888 1,110 2,202 2,601
1,417 1,568 1,604 1,632 1,955 1,947 1,575 1,955 1,769 1,039 2,033 2,369
Operating Profit 103 109 86 59 139 125 72 161 120 71 169 232
OPM % 7% 6% 5% 4% 7% 6% 4% 8% 6% 6% 8% 9%
Other Income 2 4 2 3 3 5 5 5 8 5 10 8
Interest 23 26 31 27 29 28 27 28 24 21 16 15
Depreciation 15 15 16 16 17 20 24 26 25 24 25 26
Profit before tax 67 71 41 20 95 81 26 111 79 31 138 200
Tax % 36% 34% 35% 34% 35% 36% -132% 25% 23% 29% 26% 25%
Net Profit 43 47 27 13 62 52 55 74 57 17 92 132
EPS in Rs 3.60 3.96 2.25 1.09 5.17 4.27 4.54 5.97 4.57 1.35 7.39 10.58

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
522 610 899 1,392 2,008 2,497 3,090 4,154 3,924 5,335 7,152 7,723 7,801
499 557 809 1,277 1,849 2,332 2,908 3,872 3,591 4,964 6,759 7,246 7,209
Operating Profit 23 53 90 115 160 165 182 282 333 371 393 477 592
OPM % 4% 9% 10% 8% 8% 7% 6% 7% 8% 7% 5% 6% 8%
Other Income 6 13 2 0 1 2 4 -15 6 8 12 22 32
Interest 19 17 23 34 43 61 66 70 72 81 113 107 76
Depreciation 2 4 6 9 13 16 22 34 51 53 64 96 101
Profit before tax 8 45 63 72 105 89 98 163 216 244 227 296 447
Tax % 67% 34% 31% 32% 35% 34% 35% 38% 30% 35% 35% 14%
Net Profit 3 30 43 49 69 59 64 101 152 158 148 238 298
EPS in Rs 0.25 2.93 4.25 4.61 6.15 5.03 5.44 8.58 12.89 13.33 12.43 19.14 23.89
Dividend Payout % 0% 14% 9% 9% 16% 20% 22% 23% 19% 21% 23% 0%
Compounded Sales Growth
10 Years:29%
5 Years:20%
3 Years:25%
TTM:-2%
Compounded Profit Growth
10 Years:24%
5 Years:30%
3 Years:16%
TTM:23%
Stock Price CAGR
10 Years:47%
5 Years:49%
3 Years:44%
1 Year:421%
Return on Equity
10 Years:19%
5 Years:20%
3 Years:19%
Last Year:21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
20 20 20 21 22 23 23 23 24 24 24 25 25
Reserves 146 171 209 270 341 402 472 544 680 814 940 1,331 1,407
Borrowings 179 157 239 311 445 505 482 651 594 775 858 834 689
26 47 86 104 189 220 345 442 547 568 952 1,075 1,139
Total Liabilities 371 395 554 706 997 1,150 1,323 1,660 1,845 2,181 2,774 3,266 3,260
59 101 182 223 323 420 614 666 670 886 1,034 1,708 1,703
CWIP 12 20 19 46 15 28 24 32 122 46 27 10 42
Investments 2 0 2 0 1 18 19 13 0 1 49 2 2
298 274 352 437 658 685 666 949 1,052 1,248 1,663 1,546 1,513
Total Assets 371 395 554 706 997 1,150 1,323 1,660 1,845 2,181 2,774 3,266 3,260

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1 14 33 37 26 133 315 11 315 91 358 510
-64 -36 -109 -91 -105 -128 -191 -93 -170 -165 -264 -435
152 -44 71 37 88 -9 -124 81 -145 79 -53 -78
Net Cash Flow 89 -67 -5 -17 9 -4 -0 -0 0 5 41 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 13% 17% 21% 20% 21% 17% 17% 24% 23% 22% 20% 20%
Debtor Days 51 47 41 45 40 36 21 19 27 30 28 23
Inventory Turnover 8.82 8.31 6.59 7.90 7.89 7.81 8.97 7.89 6.19 8.70 9.29 8.53

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
37.25 37.25 37.25 37.07 37.18 37.18 38.26 38.40 38.40 39.52 39.47 37.00
0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17.81 24.20
11.94 13.06 13.64 13.93 12.58 14.84 14.95 13.70 15.53 13.47 11.80 10.04
50.79 49.69 49.11 49.00 50.25 47.98 46.79 47.90 46.07 47.01 30.92 28.76

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