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Last Updated on: 19 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 533758 | NSE: APLAPOLLO

APL Apollo Tubes Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 18, 2024, 10:15 pm

Market Cap 43,740 Cr.
Current Price 1,578
High / Low 1,729/1,253
Stock P/E75.0
Book Value 139
Dividend Yield0.35 %
ROCE25.2 %
ROE22.0 %
Face Value 2.00
PEG Ratio5.84

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

View Share Price Target for APL Apollo Tubes Ltd

Competitors of APL Apollo Tubes Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mukat Pipes Ltd 24.2 Cr. 20.4 26.0/9.54173 5.760.00 %%% 5.00
Hariom Pipe Industries Ltd 1,753 Cr. 565 889/44029.3 1780.11 %14.6 %13.5 % 10.0
Earthstahl & Alloys Ltd 51.4 Cr. 42.0 66.0/0.0034.0 30.70.00 %8.22 %5.21 % 10.0
Crimson Metal Engineering Company Ltd 4.57 Cr. 10.3 10.3/9.38 12.50.00 %7.27 %21.7 % 10.0
Welspun Corp Ltd 20,664 Cr. 788 824/44018.8 2300.63 %20.2 %19.8 % 5.00
Industry Average9,803.23 Cr611.4350.85145.940.33%16.71%14.57%4.69

All Competitor Stocks of APL Apollo Tubes Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales2,5343,0843,2304,2153,4393,9694,3274,4314,5454,6304,1784,7664,974
Expenses2,2802,8623,0283,9493,2453,7374,0544,1084,2384,3053,8984,4854,673
Operating Profit255222202266194232273323307325280280302
OPM %10%7%6%6%6%6%6%7%7%7%7%6%6%
Other Income10118118129182220151925
Interest13111110101419252727283128
Depreciation27272728292835474141474746
Profit before tax226196172239163202229269261277219221252
Tax %25%25%26%26%26%26%26%25%26%27%24%23%23%
Net Profit168146128177121150169202194203166170193
EPS in Rs5.905.855.116.514.826.006.107.286.987.325.966.146.96

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2,0082,4973,0904,1543,9245,3357,1527,7238,50013,06316,16618,11918,548
Expenses1,8492,3322,9083,8723,5904,9646,7597,2467,82112,11815,14316,92617,362
Operating Profit1601651822823343713934786799461,0221,1931,187
OPM %8%7%6%7%9%7%5%6%8%7%6%7%6%
Other Income124-155812223640467478
Interest436166707281113107664467113114
Depreciation1316223451536496103109138176182
Profit before tax1058998163216244227296546832863978969
Tax %35%34%35%38%30%35%35%14%25%26%26%25%
Net Profit695964101152158148256408619642732732
EPS in Rs3.082.522.724.296.456.666.229.5814.4224.7323.1426.3926.38
Dividend Payout %16%20%22%23%19%21%23%0%0%14%22%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
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:4%
Compounded Profit Growth
10 Years:29%
5 Years:38%
3 Years:26%
TTM:-24%
Stock Price CAGR
10 Years:47%
5 Years:57%
3 Years:16%
1 Year:0%
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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital22232323242424252550555656
Reserves3454024725446808149401,3311,6702,4142,9503,5493,793
Borrowings4455054826515947758588345205818731,1441,023
Other Liabilities1852203454425475689521,0751,1841,4071,9732,4382,355
Total Liabilities9971,1501,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,227
Fixed Assets3234206146666708861,0341,7081,7361,8372,5803,2813,481
CWIP15282432122462710108504374203217
Investments1181913014921919610397
Other Assets6586856669491,0521,2481,6631,5461,5542,0202,8013,6003,432
Total Assets9971,1501,3231,6601,8452,1812,7743,2663,3994,4525,8527,1877,227

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2613331511315913585109776526911,112
Cash from Investing Activity +-105-128-191-93-170-165-264-435-647-530-876-916
Cash from Financing Activity +88-9-12481-14579-53-78-3592614327
Net Cash Flow9-4-0-00541-3-28148-41222

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-285.00-340.00-300.00-369.00-260.00-404.00-465.00-356.00159.00365.00-872.000.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days403621192730282361033
Inventory Days624844615347454439283938
Days Payable212028264430404240344246
Cash Conversion Cycle8164365436473324430-5
Working Capital Days7562324341412724971117
ROCE %21%17%17%24%23%22%20%20%26%32%27%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters34.54%34.52%34.52%34.52%31.16%31.16%30.61%29.67%29.56%29.44%28.33%28.32%
FIIs24.59%23.29%24.64%24.69%24.31%25.71%25.07%28.66%29.25%30.69%31.55%31.94%
DIIs10.72%11.12%11.18%10.91%10.42%11.08%12.73%12.69%13.75%14.06%14.90%15.89%
Public30.14%31.07%29.66%29.88%34.14%32.05%31.59%28.99%27.41%25.81%25.23%23.84%
No. of Shareholders1,48,7351,56,0551,54,8181,50,4401,77,0761,81,4661,82,7541,91,7182,05,8452,03,7201,94,1922,17,648

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Mid Cap Fund1,572,3471.17233.57947,9342024-12-1765.87%
DSP Flexi Cap Fund1,105,5881.38164.24947,9342024-12-1716.63%
DSP Equity Opportunities Fund1,056,1901.13156.9947,9342024-12-1711.42%
ICICI Prudential MidCap Fund947,9342.11140.82947,9342024-12-170%
Canara Robeco Emerging Equities945,0530.57140.39947,9342024-12-17-0.3%
Kotak Small Cap Fund - Regular Plan917,3770.78136.28947,9342024-12-17-3.22%
Canara Robeco Flexi Cap Fund790,0000.87117.35947,9342024-12-17-16.66%
DSP Equity & Bond Fund760,7801.12113.01947,9342024-12-17-19.74%
UTI Mid Cap Fund704,8560.84104.71947,9342024-12-17-25.64%
Sundaram Mid Cap Fund404,9540.4860.16947,9342024-12-17-57.28%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.0010.00
Basic EPS (Rs.)26.4023.1522.3028.9119.43
Diluted EPS (Rs.)26.4023.1422.2628.8119.26
Cash EPS (Rs.)32.7328.1329.0840.87141.50
Book Value[Excl.RevalReserv]/Share (Rs.)129.87108.3798.44146.75583.66
Book Value[Incl.RevalReserv]/Share (Rs.)129.87108.3798.44146.75583.66
Revenue From Operations / Share (Rs.)652.81582.87521.91680.523105.44
PBDIT / Share (Rs.)45.6538.5339.3857.22200.85
PBIT / Share (Rs.)39.3133.5535.0348.99162.29
PBT / Share (Rs.)35.2331.1333.2543.70119.16
Net Profit / Share (Rs.)26.3923.1424.7332.64102.94
NP After MI And SOA / Share (Rs.)26.3923.1422.2628.8495.69
PBDIT Margin (%)6.996.617.548.406.46
PBIT Margin (%)6.025.756.717.195.22
PBT Margin (%)5.395.346.376.423.83
Net Profit Margin (%)4.043.974.734.793.31
NP After MI And SOA Margin (%)4.043.974.264.233.08
Return on Networth / Equity (%)20.3121.3524.6121.2517.54
Return on Capital Employeed (%)23.2525.3429.0027.5519.77
Return On Assets (%)10.1910.9612.5110.597.28
Long Term Debt / Equity (X)0.210.130.150.100.29
Total Debt / Equity (X)0.310.290.250.260.53
Asset Turnover Ratio (%)2.783.192.741.972.22
Current Ratio (X)1.341.171.281.191.18
Quick Ratio (X)0.680.490.680.540.54
Inventory Turnover Ratio (X)9.8612.259.746.716.86
Dividend Payout Ratio (NP) (%)0.0013.640.000.000.00
Dividend Payout Ratio (CP) (%)0.0011.220.000.000.00
Earning Retention Ratio (%)0.0086.360.000.000.00
Cash Earning Retention Ratio (%)0.0088.780.000.000.00
Interest Coverage Ratio (X)11.1715.9322.1710.814.66
Interest Coverage Ratio (Post Tax) (X)7.4610.5714.927.173.39
Enterprise Value (Cr.)42276.2333907.8423284.1017714.733876.90
EV / Net Operating Revenue (X)2.332.101.782.080.50
EV / EBITDA (X)33.3731.7323.6224.797.76
MarketCap / Net Operating Revenue (X)2.292.071.752.060.40
Retention Ratios (%)0.0086.350.000.000.00
Price / BV (X)11.5111.1110.1110.322.29
Price / Net Operating Revenue (X)2.292.071.752.060.40
EarningsYield0.010.010.020.020.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of APL Apollo Tubes Ltd as of December 19, 2024 is: 2,301.53

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 December 19, 2024, APL Apollo Tubes Ltd is Undervalued by 45.85% compared to the current share price 1,578.00

Intrinsic Value of APL Apollo Tubes Ltd as of December 19, 2024 is: 2,597.04

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 December 19, 2024, APL Apollo Tubes Ltd is Undervalued by 64.58% compared to the current share price 1,578.00

Last 5 Year EPS CAGR: 12.84%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 22.83%, which is a positive sign.
  2. The company has higher reserves (1,531.08 cr) compared to borrowings (714.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (8.15 cr) and profit (432.77 cr) over the years.
  1. The stock has a high average Working Capital Days of 32.42, which may not be favorable.
  2. 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: 75 (Industry average Stock P/E: 47.67)
      • 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. 9062.40 Cr. and Equity Capital is Rs. 50.06 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Steel - Tubes/Pipes37, Hargobind Enclave, New Delhi Delhi 110092investors@aplapollo.com
http://www.aplapollo.com
Management
NamePosition Held
Mr. Sanjay GuptaChairman & Managing Director
Mr. Ashok K GuptaVice Chairman
Mr. Dinesh Kumar MittalDirector
Mr. Vinay GuptaDirector
Mr. Virendra Singh JainDirector
Ms. Neeru AbrolDirector
Mr. Anil Kumar BansalDirector
Mr. Abhilash LalDirector
Mr. Rahul GuptaDirector
Mr. Rajeev AnandDirector
Mr. H S Upendra KamathDirector
Mrs. Asha Anil AgarwalDirector
Mr. Deepak GoyalDirector & 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 19 December 2024 is ₹2301.53, which is 45.85% higher than the current market price of ₹1,578.00. The stock has a market capitalization of 43,740 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 43,740 Cr..

What is the current Stock Price of APL Apollo Tubes Ltd as on 19 December 2024?

The current stock price of APL Apollo Tubes Ltd as on 19 December 2024 is 1,578.

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 75.0.

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 0.35 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in APL Apollo Tubes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE