APL Apollo Tubes Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 12, 2025, 5:18 pm

Market Cap	38,832 Cr.
Current Price	1,399
High / Low	1,729/1,253
Stock P/E	61.2
Book Value	139
Dividend Yield	0.39 %
ROCE	25.2 %
ROE	22.0 %
Face Value	2.00
PEG Ratio	6.34

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for APL Apollo Tubes Ltd

Competitors of APL Apollo Tubes Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mukat Pipes Ltd	20.2 Cr.	17.1	26.0/11.4	155	5.76	0.00 %	%	%	5.00
Hariom Pipe Industries Ltd	1,094 Cr.	353	889/324	17.9	178	0.17 %	14.6 %	13.5 %	10.0
Earthstahl & Alloys Ltd	39.7 Cr.	32.4	55.5/0.00	26.3	30.7	0.00 %	8.22 %	5.21 %	10.0
Crimson Metal Engineering Company Ltd	4.57 Cr.	10.3	10.3/9.38		12.5	0.00 %	7.27 %	21.7 %	10.0
Welspun Corp Ltd	21,421 Cr.	816	842/440	14.5	230	0.59 %	20.2 %	19.8 %	5.00
Industry Average	8,391.46 Cr	465.74		40.51	139.12	0.42%	16.71%	14.57%	4.69

All Competitor Stocks of APL Apollo Tubes Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	3,230	4,215	3,439	3,969	4,327	4,431	4,545	4,630	4,178	4,766	4,974	4,774	5,433
Expenses	3,028	3,949	3,245	3,737	4,054	4,108	4,238	4,305	3,898	4,485	4,673	4,636	5,087
Operating Profit	202	266	194	232	273	323	307	325	280	280	302	138	346
OPM %	6%	6%	6%	6%	6%	7%	7%	7%	7%	6%	6%	3%	6%
Other Income	8	11	8	12	9	18	22	20	15	19	25	15	22
Interest	11	10	10	14	19	25	27	27	28	31	28	36	37
Depreciation	27	28	29	28	35	47	41	41	47	47	46	47	50
Profit before tax	172	239	163	202	229	269	261	277	219	221	252	70	280
Tax %	26%	26%	26%	26%	26%	25%	26%	27%	24%	23%	23%	23%	23%
Net Profit	128	177	121	150	169	202	194	203	166	170	193	54	217
EPS in Rs	5.11	6.51	4.82	6.00	6.10	7.28	6.98	7.32	5.96	6.14	6.96	1.94	7.82

Last Updated: March 3, 2025, 5:36 pm

Below is a detailed analysis of the quarterly data for APL Apollo Tubes Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹5,433.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,774.00 Cr. (Sep 2024) to ₹5,433.00 Cr., marking an increase of ₹659.00 Cr..
For Expenses, as of Dec 2024, the value is ₹5,087.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,636.00 Cr. (Sep 2024) to ₹5,087.00 Cr., marking an increase of ₹451.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹346.00 Cr.. The value appears strong and on an upward trend. It has increased from 138.00 Cr. (Sep 2024) to ₹346.00 Cr., marking an increase of ₹208.00 Cr..
For OPM %, as of Dec 2024, the value is 6.00%. The value appears strong and on an upward trend. It has increased from 3.00% (Sep 2024) to 6.00%, marking an increase of 3.00%.
For Other Income, as of Dec 2024, the value is ₹22.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Sep 2024) to ₹22.00 Cr., marking an increase of ₹7.00 Cr..
For Interest, as of Dec 2024, the value is ₹37.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 36.00 Cr. (Sep 2024) to ₹37.00 Cr., marking an increase of ₹1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹50.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 47.00 Cr. (Sep 2024) to ₹50.00 Cr., marking an increase of ₹3.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹280.00 Cr.. The value appears strong and on an upward trend. It has increased from 70.00 Cr. (Sep 2024) to ₹280.00 Cr., marking an increase of ₹210.00 Cr..
For Tax %, as of Dec 2024, the value is 23.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 23.00%.
For Net Profit, as of Dec 2024, the value is ₹217.00 Cr.. The value appears strong and on an upward trend. It has increased from 54.00 Cr. (Sep 2024) to ₹217.00 Cr., marking an increase of ₹163.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.82. The value appears strong and on an upward trend. It has increased from ₹1.94 (Sep 2024) to 7.82, marking an increase of ₹5.88.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:16 pm

Metric	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
Sales	2,008	2,497	3,090	4,154	3,924	5,335	7,152	7,723	8,500	13,063	16,166	18,119	19,947
Expenses	1,849	2,332	2,908	3,872	3,590	4,964	6,759	7,246	7,821	12,118	15,143	16,926	18,881
Operating Profit	160	165	182	282	334	371	393	478	679	946	1,022	1,193	1,066
OPM %	8%	7%	6%	7%	9%	7%	5%	6%	8%	7%	6%	7%	5%
Other Income	1	2	4	-15	5	8	12	22	36	40	46	74	80
Interest	43	61	66	70	72	81	113	107	66	44	67	113	132
Depreciation	13	16	22	34	51	53	64	96	103	109	138	176	190
Profit before tax	105	89	98	163	216	244	227	296	546	832	863	978	823
Tax %	35%	34%	35%	38%	30%	35%	35%	14%	25%	26%	26%	25%
Net Profit	69	59	64	101	152	158	148	256	408	619	642	732	634
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	22.86
Dividend Payout %	16%	20%	22%	23%	19%	21%	23%	0%	0%	14%	22%	21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-14.49%	8.47%	57.81%	50.50%	3.95%	-6.33%	72.97%	59.38%	51.72%	3.72%	14.02%
Change in YoY Net Profit Growth (%)	0.00%	22.97%	49.34%	-7.32%	-46.55%	-10.28%	79.30%	-13.60%	-7.66%	-48.00%	10.30%

APL Apollo Tubes Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	22%
5 Years:	20%
3 Years:	29%
TTM:	12%

Compounded Profit Growth
10 Years:	29%
5 Years:	38%
3 Years:	26%
TTM:	-17%

Stock Price CAGR
10 Years:	43%
5 Years:	56%
3 Years:	16%
1 Year:	-12%

Return on Equity
10 Years:	23%
5 Years:	24%
3 Years:	25%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:01 pm

Month	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	345	402	472	544	680	814	940	1,331	1,670	2,414	2,950	3,549	3,793
Borrowings	445	505	482	651	594	775	858	834	520	581	873	1,144	1,023
Other Liabilities	185	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
Fixed Assets	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
Other Assets	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

Below is a detailed analysis of the balance sheet data for APL Apollo Tubes Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹56.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹56.00 Cr..
For Reserves, as of Sep 2024, the value is ₹3,793.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,549.00 Cr. (Mar 2024) to ₹3,793.00 Cr., marking an increase of 244.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹1,023.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹1,144.00 Cr. (Mar 2024) to ₹1,023.00 Cr., marking a decrease of 121.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹2,355.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹2,438.00 Cr. (Mar 2024) to ₹2,355.00 Cr., marking a decrease of 83.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹7,227.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹7,187.00 Cr. (Mar 2024) to ₹7,227.00 Cr., marking an increase of 40.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹3,481.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,281.00 Cr. (Mar 2024) to ₹3,481.00 Cr., marking an increase of 200.00 Cr..
For CWIP, as of Sep 2024, the value is ₹217.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹203.00 Cr. (Mar 2024) to ₹217.00 Cr., marking an increase of 14.00 Cr..
For Investments, as of Sep 2024, the value is ₹97.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹103.00 Cr. (Mar 2024) to ₹97.00 Cr., marking a decrease of 6.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹3,432.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹3,600.00 Cr. (Mar 2024) to ₹3,432.00 Cr., marking a decrease of 168.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹7,227.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹7,187.00 Cr. (Mar 2024) to ₹7,227.00 Cr., marking an increase of 40.00 Cr..

Notably, the Reserves (₹3,793.00 Cr.) exceed the Borrowings (1,023.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	26	133	315	11	315	91	358	510	977	652	691	1,112
Cash from Investing Activity +	-105	-128	-191	-93	-170	-165	-264	-435	-647	-530	-876	-916
Cash from Financing Activity +	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

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-285.00	-340.00	-300.00	-369.00	-260.00	-404.00	-465.00	-356.00	159.00	365.00	-872.00	0.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	34.52%	34.52%	34.52%	31.16%	31.16%	30.61%	29.67%	29.56%	29.44%	28.33%	28.32%	28.31%
FIIs	23.29%	24.64%	24.69%	24.31%	25.71%	25.07%	28.66%	29.25%	30.69%	31.55%	31.94%	31.72%
DIIs	11.12%	11.18%	10.91%	10.42%	11.08%	12.73%	12.69%	13.75%	14.06%	14.90%	15.89%	16.51%
Public	31.07%	29.66%	29.88%	34.14%	32.05%	31.59%	28.99%	27.41%	25.81%	25.23%	23.84%	23.45%
No. of Shareholders	1,56,055	1,54,818	1,50,440	1,77,076	1,81,466	1,82,754	1,91,718	2,05,845	2,03,720	1,94,192	2,17,648	1,94,598

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Mid Cap Fund	1,572,347	1.17	233.57	945,053	2025-03-10	66.38%
DSP Flexi Cap Fund	1,105,588	1.38	164.24	945,053	2025-03-10	16.99%
DSP Equity Opportunities Fund	1,056,190	1.13	156.9	945,053	2025-03-10	11.76%
ICICI Prudential MidCap Fund	947,934	2.11	140.82	945,053	2025-03-10	0.3%
Canara Robeco Emerging Equities	945,053	0.57	140.39	945,053	2025-03-10	0%
Kotak Small Cap Fund - Regular Plan	917,377	0.78	136.28	945,053	2025-03-10	-2.93%
Canara Robeco Flexi Cap Fund	790,000	0.87	117.35	945,053	2025-03-10	-16.41%
DSP Equity & Bond Fund	760,780	1.12	113.01	945,053	2025-03-10	-19.5%
UTI Mid Cap Fund	704,856	0.84	104.71	945,053	2025-03-10	-25.42%
Sundaram Mid Cap Fund	404,954	0.48	60.16	945,053	2025-03-10	-57.15%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	26.40	23.15	22.30	28.91	19.43
Diluted EPS (Rs.)	26.40	23.14	22.26	28.81	19.26
Cash EPS (Rs.)	32.73	28.13	29.08	40.87	141.50
Book Value[Excl.RevalReserv]/Share (Rs.)	129.87	108.37	98.44	146.75	583.66
Book Value[Incl.RevalReserv]/Share (Rs.)	129.87	108.37	98.44	146.75	583.66
Revenue From Operations / Share (Rs.)	652.81	582.87	521.91	680.52	3105.44
PBDIT / Share (Rs.)	45.65	38.53	39.38	57.22	200.85
PBIT / Share (Rs.)	39.31	33.55	35.03	48.99	162.29
PBT / Share (Rs.)	35.23	31.13	33.25	43.70	119.16
Net Profit / Share (Rs.)	26.39	23.14	24.73	32.64	102.94
NP After MI And SOA / Share (Rs.)	26.39	23.14	22.26	28.84	95.69
PBDIT Margin (%)	6.99	6.61	7.54	8.40	6.46
PBIT Margin (%)	6.02	5.75	6.71	7.19	5.22
PBT Margin (%)	5.39	5.34	6.37	6.42	3.83
Net Profit Margin (%)	4.04	3.97	4.73	4.79	3.31
NP After MI And SOA Margin (%)	4.04	3.97	4.26	4.23	3.08
Return on Networth / Equity (%)	20.31	21.35	24.61	21.25	17.54
Return on Capital Employeed (%)	23.25	25.34	29.00	27.55	19.77
Return On Assets (%)	10.19	10.96	12.51	10.59	7.28
Long Term Debt / Equity (X)	0.21	0.13	0.15	0.10	0.29
Total Debt / Equity (X)	0.31	0.29	0.25	0.26	0.53
Asset Turnover Ratio (%)	2.78	3.14	2.74	1.97	2.22
Current Ratio (X)	1.34	1.17	1.28	1.19	1.18
Quick Ratio (X)	0.68	0.49	0.68	0.54	0.54
Inventory Turnover Ratio (X)	9.86	12.30	9.74	6.71	6.86
Dividend Payout Ratio (NP) (%)	18.93	13.64	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	15.26	11.22	0.00	0.00	0.00
Earning Retention Ratio (%)	81.07	86.36	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	84.74	88.78	0.00	0.00	0.00
Interest Coverage Ratio (X)	11.17	15.93	22.17	10.81	4.66
Interest Coverage Ratio (Post Tax) (X)	7.46	10.57	14.92	7.17	3.39
Enterprise Value (Cr.)	42276.23	33907.84	23284.10	17714.73	3876.90
EV / Net Operating Revenue (X)	2.33	2.10	1.78	2.08	0.50
EV / EBITDA (X)	33.37	31.73	23.62	24.79	7.76
MarketCap / Net Operating Revenue (X)	2.29	2.07	1.75	2.06	0.40
Retention Ratios (%)	81.06	86.35	0.00	0.00	0.00
Price / BV (X)	11.51	11.11	10.11	10.32	2.29
Price / Net Operating Revenue (X)	2.29	2.07	1.75	2.06	0.40
EarningsYield	0.01	0.01	0.02	0.02	0.07

After reviewing the key financial ratios for APL Apollo Tubes Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 26.40. This value is within the healthy range. It has increased from 23.15 (Mar 23) to 26.40, marking an increase of 3.25.
For Diluted EPS (Rs.), as of Mar 24, the value is 26.40. This value is within the healthy range. It has increased from 23.14 (Mar 23) to 26.40, marking an increase of 3.26.
For Cash EPS (Rs.), as of Mar 24, the value is 32.73. This value is within the healthy range. It has increased from 28.13 (Mar 23) to 32.73, marking an increase of 4.60.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 129.87. It has increased from 108.37 (Mar 23) to 129.87, marking an increase of 21.50.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 129.87. It has increased from 108.37 (Mar 23) to 129.87, marking an increase of 21.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 652.81. It has increased from 582.87 (Mar 23) to 652.81, marking an increase of 69.94.
For PBDIT / Share (Rs.), as of Mar 24, the value is 45.65. This value is within the healthy range. It has increased from 38.53 (Mar 23) to 45.65, marking an increase of 7.12.
For PBIT / Share (Rs.), as of Mar 24, the value is 39.31. This value is within the healthy range. It has increased from 33.55 (Mar 23) to 39.31, marking an increase of 5.76.
For PBT / Share (Rs.), as of Mar 24, the value is 35.23. This value is within the healthy range. It has increased from 31.13 (Mar 23) to 35.23, marking an increase of 4.10.
For Net Profit / Share (Rs.), as of Mar 24, the value is 26.39. This value is within the healthy range. It has increased from 23.14 (Mar 23) to 26.39, marking an increase of 3.25.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 26.39. This value is within the healthy range. It has increased from 23.14 (Mar 23) to 26.39, marking an increase of 3.25.
For PBDIT Margin (%), as of Mar 24, the value is 6.99. This value is below the healthy minimum of 10. It has increased from 6.61 (Mar 23) to 6.99, marking an increase of 0.38.
For PBIT Margin (%), as of Mar 24, the value is 6.02. This value is below the healthy minimum of 10. It has increased from 5.75 (Mar 23) to 6.02, marking an increase of 0.27.
For PBT Margin (%), as of Mar 24, the value is 5.39. This value is below the healthy minimum of 10. It has increased from 5.34 (Mar 23) to 5.39, marking an increase of 0.05.
For Net Profit Margin (%), as of Mar 24, the value is 4.04. This value is below the healthy minimum of 5. It has increased from 3.97 (Mar 23) to 4.04, marking an increase of 0.07.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 4.04. This value is below the healthy minimum of 8. It has increased from 3.97 (Mar 23) to 4.04, marking an increase of 0.07.
For Return on Networth / Equity (%), as of Mar 24, the value is 20.31. This value is within the healthy range. It has decreased from 21.35 (Mar 23) to 20.31, marking a decrease of 1.04.
For Return on Capital Employeed (%), as of Mar 24, the value is 23.25. This value is within the healthy range. It has decreased from 25.34 (Mar 23) to 23.25, marking a decrease of 2.09.
For Return On Assets (%), as of Mar 24, the value is 10.19. This value is within the healthy range. It has decreased from 10.96 (Mar 23) to 10.19, marking a decrease of 0.77.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.21. This value is within the healthy range. It has increased from 0.13 (Mar 23) to 0.21, marking an increase of 0.08.
For Total Debt / Equity (X), as of Mar 24, the value is 0.31. This value is within the healthy range. It has increased from 0.29 (Mar 23) to 0.31, marking an increase of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 2.78. It has decreased from 3.14 (Mar 23) to 2.78, marking a decrease of 0.36.
For Current Ratio (X), as of Mar 24, the value is 1.34. This value is below the healthy minimum of 1.5. It has increased from 1.17 (Mar 23) to 1.34, marking an increase of 0.17.
For Quick Ratio (X), as of Mar 24, the value is 0.68. This value is below the healthy minimum of 1. It has increased from 0.49 (Mar 23) to 0.68, marking an increase of 0.19.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 9.86. This value exceeds the healthy maximum of 8. It has decreased from 12.30 (Mar 23) to 9.86, marking a decrease of 2.44.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 18.93. This value is below the healthy minimum of 20. It has increased from 13.64 (Mar 23) to 18.93, marking an increase of 5.29.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 15.26. This value is below the healthy minimum of 20. It has increased from 11.22 (Mar 23) to 15.26, marking an increase of 4.04.
For Earning Retention Ratio (%), as of Mar 24, the value is 81.07. This value exceeds the healthy maximum of 70. It has decreased from 86.36 (Mar 23) to 81.07, marking a decrease of 5.29.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 84.74. This value exceeds the healthy maximum of 70. It has decreased from 88.78 (Mar 23) to 84.74, marking a decrease of 4.04.
For Interest Coverage Ratio (X), as of Mar 24, the value is 11.17. This value is within the healthy range. It has decreased from 15.93 (Mar 23) to 11.17, marking a decrease of 4.76.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 7.46. This value is within the healthy range. It has decreased from 10.57 (Mar 23) to 7.46, marking a decrease of 3.11.
For Enterprise Value (Cr.), as of Mar 24, the value is 42,276.23. It has increased from 33,907.84 (Mar 23) to 42,276.23, marking an increase of 8,368.39.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.33. This value is within the healthy range. It has increased from 2.10 (Mar 23) to 2.33, marking an increase of 0.23.
For EV / EBITDA (X), as of Mar 24, the value is 33.37. This value exceeds the healthy maximum of 15. It has increased from 31.73 (Mar 23) to 33.37, marking an increase of 1.64.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.29. This value is within the healthy range. It has increased from 2.07 (Mar 23) to 2.29, marking an increase of 0.22.
For Retention Ratios (%), as of Mar 24, the value is 81.06. This value exceeds the healthy maximum of 70. It has decreased from 86.35 (Mar 23) to 81.06, marking a decrease of 5.29.
For Price / BV (X), as of Mar 24, the value is 11.51. This value exceeds the healthy maximum of 3. It has increased from 11.11 (Mar 23) to 11.51, marking an increase of 0.40.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.29. This value is within the healthy range. It has increased from 2.07 (Mar 23) to 2.29, marking an increase of 0.22.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of APL Apollo Tubes Ltd as of March 12, 2025 is: ₹1,503.04

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, APL Apollo Tubes Ltd is Undervalued by 7.44% compared to the current share price 1,399.00

Intrinsic Value of APL Apollo Tubes Ltd as of March 12, 2025 is: 1,648.13

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, APL Apollo Tubes Ltd is Undervalued by 17.81% compared to the current share price 1,399.00

Last 5 Year EPS CAGR: 9.65%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 22.83%, which is a positive sign. The company has higher reserves (1,531.08 cr) compared to borrowings (714.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (8.23 cr) and profit (421.54 cr) over the years.	The stock has a high average Working Capital Days of 32.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 31.42, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in APL Apollo Tubes Ltd:
1. Net Profit Margin: 4.04%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 23.25% (Industry Average ROCE: 14.62%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 20.31% (Industry Average ROE: 12.75%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 7.46
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.68
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 61.2 (Industry average Stock P/E: 37.98)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.31
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

APL Apollo Tubes Ltd. is a Public Limited Listed company incorporated on 24/02/1986 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1986PLC023443 and registration number is 023443. Currently Company is involved in the business activities of Manufacture of tubes, pipes and hollow profiles and of tube or pipe fittings of cast-iron/cast-steel. Company's Total Operating Revenue is Rs. 13858.81 Cr. and Equity Capital is Rs. 55.51 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel - Tubes/Pipes	37, Hargobind Enclave, New Delhi Delhi 110092	investors@aplapollo.com http://www.aplapollo.com

Management
Name	Position Held
Mr. Sanjay Gupta	Chairman & Managing Director
Mr. Ashok K Gupta	Vice Chairman
Mr. Dinesh Kumar Mittal	Director
Mr. Vinay Gupta	Director
Mr. Virendra Singh Jain	Director
Ms. Neeru Abrol	Director
Mr. Anil Kumar Bansal	Director
Mr. Abhilash Lal	Director
Mr. Rahul Gupta	Director
Mr. Rajeev Anand	Director
Mr. H S Upendra Kamath	Director
Mrs. Asha Anil Agarwal	Director
Mr. Deepak Goyal	Director & Group CFO

FAQ

What is the latest intrinsic value of APL Apollo Tubes Ltd?

The latest intrinsic value of APL Apollo Tubes Ltd as on 12 March 2025 is ₹1503.04, which is 7.44% higher than the current market price of ₹1,399.00, indicating the stock is undervalued by 7.44%. The intrinsic value of APL Apollo Tubes Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹38,832 Cr. and recorded a high/low of ₹1,729/1,253 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,793 Cr and total liabilities of ₹7,227 Cr.

What is the Market Cap of APL Apollo Tubes Ltd?

The Market Cap of APL Apollo Tubes Ltd is 38,832 Cr..

What is the current Stock Price of APL Apollo Tubes Ltd as on 12 March 2025?

The current stock price of APL Apollo Tubes Ltd as on 12 March 2025 is ₹1,399.

What is the High / Low of APL Apollo Tubes Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of APL Apollo Tubes Ltd stocks is ₹1,729/1,253.

What is the Stock P/E of APL Apollo Tubes Ltd?

The Stock P/E of APL Apollo Tubes Ltd is 61.2.

What is the Book Value of APL Apollo Tubes Ltd?

The Book Value of APL Apollo Tubes Ltd is 139.

What is the Dividend Yield of APL Apollo Tubes Ltd?

The Dividend Yield of APL Apollo Tubes Ltd is 0.39 %.

What is the ROCE of APL Apollo Tubes Ltd?

The ROCE of APL Apollo Tubes Ltd is 25.2 %.

What is the ROE of APL Apollo Tubes Ltd?

The ROE of APL Apollo Tubes Ltd is 22.0 %.

What is the Face Value of APL Apollo Tubes Ltd?

The Face Value of APL Apollo Tubes Ltd is 2.00.