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Buy APL Apollo Tubes Ltd For Target Rs.1,740 - ICICI Securities Towards higher vistas... APL Apollo Tubes’ (APL) Q1FY24 EBITDA missed consensus estimates by 10% though it was broadly in line with ours. Key points: 1) destocking in Q1FY24 impacted margins with EBITDA/te declining 6.5% QoQ to INR4,645; 2) sales volume was up 56.8% YoY (1.8% QoQ) at 662kte; and 3) volume from Raipur plant was at 75kte, slightly up QoQ. Going ahead, management expects growth to be largely volume-driven with capacity rising to 5.0mtpa by end-FY25. Besides, EBITDA/te i...
Buy APL Apollo Tubes Ltd For Target Rs.1,740 - ICICI Securities
Buy APL Apollo Tubes Ltd For Target Rs.1,740 - ICICI Securities
Source: ICICI Securities
19/08/2023 9:39:15 AM
Buy APL Apollo Tubes For Target Rs.1,490 - Motilal Oswal Financial Services Structural tubes gaining traction under government schemes  APL Apollo Tubes (APAT) remains our top pick given its leadership position in the industry, which is witnessing growing applications, increasing adoption for government projects, rising consumption of structural steel tubes in public infrastructure, residential and commercial buildings, warehouses, factories, agriculture and other construction works.  *APAT’s structural steel tube was approved for one of the rai...
Buy APL Apollo Tubes For Target Rs.1,490 - Motilal Oswal Financial Services
Buy APL Apollo Tubes For Target Rs.1,490 - Motilal Oswal Financial Services
Source: Motilal Oswal
7/06/2023 4:48:01 PM
Buy APL Apollo Tubes Ltd For Target Rs.1,490 - Motilal Oswal Financial Services Strong demand drives volume growth * APAT reported a recovery in EBITDA/MT (up 3% YoY/10% QoQ) to INR4,970 on back of broad based improvements across the product portfolio, despite a lower VAP mix by 6pp YoY to 54% and higher costs for stabilizing the new Raipur plant. Volumes in 4QFY23 grew by 18% YoY/7% QoQ to 650KMT, ending FY23 with total sales volume of ~2.28MMT (up 30% YoY). * We maintain our FY24/FY25 earnings estimates as APAT is expected to maintain its growth trajectory on a s...
Buy APL Apollo Tubes Ltd For Target Rs.1,490 - Motilal Oswal Financial Services
Buy APL Apollo Tubes Ltd For Target Rs.1,490 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/05/2023 11:25:59 AM
Weekly Tech Picks: DLF Ltd, APL Apollo Tubes Ltd & NCC Ltd By Axis Securities DLF Ltd. * DLF on the weekly chart has decisively broken out above the “Consolidation zone ” between 370-342 levels with strong bullish candle indicating a positive bias. * The breakout is accompanied with an increase in volume confirming participation at breakout level 17 March, 2023 * Stock is holding above medium term upward sloping trendline which is in place from Mar 2022. * The weekly strength indicator RSI is in bullish mode and weekly RSI crossover above its re...
Weekly Tech Picks: DLF Ltd, APL Apollo Tubes Ltd & NCC Ltd By Axis Securities
Weekly Tech Picks: DLF Ltd, APL Apollo Tubes Ltd & NCC Ltd By Axis Securities
Source: Axis Securities Ltd
20/03/2023 11:11:43 AM
APL Apollo Tubes gains on reporting 32% rise in Q3 consolidated net profit APL Apollo Tubes is currently trading at Rs. 1193.10, up by 8.85 points or 0.75% from its previous closing of Rs. 1184.25 on the BSE. The scrip opened at Rs. 1189.05 and has touched a high and low of Rs. 1200.60 and Rs. 1184.90 respectively. So far 1564 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,200.60 on 3-Feb-2023 and a 52 week low of Rs. 771.00 on 24-Feb-2022. Last one week high and low of the scrip st...
APL Apollo Tubes gains on reporting 32% rise in Q3 consolidated net profit
APL Apollo Tubes gains on reporting 32% rise in Q3 consolidated net profit
Source: Accord Fintech
3/02/2023 9:51:39 AM
Key News - Dr Lal PathLabs Ltd ,Titan Ltd , Kalpataru Power Transmission Ltd, APL Apollo Ltd By ARETE Securities Key News Dr Lal PathLabs Q3 net down 7% to Rs 54 cr, revenue declines to Rs 489 cr: Dr Lal PathLabs on Thursday said its consolidated profit after tax declined 7 per cent to Rs 54 crore for the December quarter. The company had reported a net profit of Rs 58 crore in the October-December quarter of the previous fiscal. Revenue also declined to Rs 489 crore for the period under review as compared with Rs 497 crore in the year-ago period, the company said in a regulatory filing. Titan ...
Key News - Dr Lal PathLabs Ltd ,Titan Ltd , Kalpataru Power Transmission Ltd, APL Apollo Ltd By ARETE Securities
Key News - Dr Lal PathLabs Ltd ,Titan Ltd , Kalpataru Power Transmission Ltd, APL Apollo Ltd By ARETE Securities
Source: ARETE Securities Ltd
3/02/2023 9:32:59 AM
India`s APL Apollo Tubes misses Q3 profit view on higher costs  Steel tube maker APL Apollo Tubes Ltd reported a smaller-than-expected rise in quarterly profit on Thursday, hurt by higher raw material costs. The company said its consolidated profit rose 32% to 1.69 billion rupees ($20.61 million) for the third quarter ended Dec. 31, from 1.28 billion rupees a year earlier. Analysts, on an average, had expected a profit of 1.78 billion rupees, according to IBES data from Refinitiv. The company recorded its biggest-ever quarterly sales, while...
India`s APL Apollo Tubes misses Q3 profit view on higher costs
India`s APL Apollo Tubes misses Q3 profit view on higher costs
Source: Reuters
2/02/2023 3:30:50 PM
Post Budget Quote : The annual allocation of Rs 10000 crore for urban infrastructure development will lead to demand creation for steel Says Sanjay Gupta, APL Apollo Tubes Below is Post Budget Quote By Mr. Sanjay Gupta, CMD, APL Apollo Tubes "Considered as the backbone of the country’s infrastructure growth, the steel industry is here to get a considerable boost with the inclusion of infrastructure development into the seven priorities of Budget 2023. We equally welcome the respected Finance Minister’s comprehensive focus on proposing 100 critical transport infrastructures for last and first-mile connectivity with an investment of Rs 75...
Post Budget Quote : The annual allocation of Rs 10000 crore for urban infrastructure development will lead to demand creation for steel Says Sanjay Gupta, APL Apollo Tubes
Post Budget Quote : The annual allocation of Rs 10000 crore for urban infrastructure development will lead to demand creation for steel Says Sanjay Gupta, APL Apollo Tubes
Source: PR Agency
2/02/2023 12:10:04 PM
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities APL Apollo Tubes Ltd • The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias • The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments. • On the daily chart, the stock has confirmed “rounding bottom” formation which denotes continuation of prior uptrend • The daily and weekly strength...
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities
Source: Axis Securities Ltd
23/01/2023 12:04:27 PM
Buy APL Apollo Tubes Ltd For Target Rs.1,400 - Motilal Oswal Financial Services Leading from the front * APAT over the years has created a moat with its strong execution capability, scalability, a wider distributor network, diversified plant locations and innovation of diverse applications for structural tubes. * The company is far ahead of its competitor with large manufacturing capacity of 2.6MMT (excluding newly commissioned Raipur plant of 1MMT), a diversified portfolio of over 1,500 SKUs and a huge distribution network of over 800 distributors as on FY22. *...
Buy APL Apollo Tubes Ltd For Target Rs.1,400 - Motilal Oswal Financial Services
Buy APL Apollo Tubes Ltd For Target Rs.1,400 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
9/01/2023 2:55:29 PM
Buy Apl Apollo Tubes For Target Rs. 1,225 - Motilal Oswal Financial Services Sound prospects ahead APL Apollo’s (APL) performance undershot consensus estimates. Key takeaways: 1) Margin was impacted by channel destocking leading to higher discounts to distributors; 2) firm focus on maintaining market share led to shipments growth of 42% YoY to 602kt; 3) adverse product mix with lower share of value-added products; 4) sound working capital management resulted in higher cashflow from operations in H2FY23 despite lower earnings; and 5) slower than expected ramp ...
Buy Apl Apollo Tubes For Target Rs. 1,225 - Motilal Oswal Financial Services
Buy Apl Apollo Tubes For Target Rs. 1,225 - Motilal Oswal Financial Services
Source: ICICI Securities Ltd
7/12/2022 2:16:15 PM
Weekly Tech Picks: APL Apollo Tubes Ltd, L&T Finance Holdings Ltd, Coforge Ltd, Dalmia Bharat Ltd By Axis Securities APL Apollo Tubes Ltd. • APL Apollo Tubes Ltd on the weekly time frame has decisively broken out above the “multiple resistance zone” which was placed between 1150-1177 levels. • Stock is also respecting the upward sloping trendline and forming a higher high-low on weekly chart. This formation indicates a positive uptrend.. • The breakout is accompanied with an increase in volume confirming participation at breakout level. • The daily and weekly stre...
Weekly Tech Picks: APL Apollo Tubes Ltd, L&T Finance Holdings Ltd, Coforge Ltd, Dalmia Bharat Ltd By Axis Securities
Weekly Tech Picks: APL Apollo Tubes Ltd, L&T Finance Holdings Ltd, Coforge Ltd, Dalmia Bharat Ltd By Axis Securities
Source: Axis Securities Ltd
5/12/2022 12:32:10 PM
Buy Apl Apollo Tubes For Target Rs. 1,340 - Motilal Oswal Financial Services Adverse sales mix and channel destocking hurt earnings Earnings below our estimates * APAT reported a weak operating performance, with an 18%/26% YoY decline in gross profit/EBITDA per MT in 2QFY23. Margin was adversely impacted by an adverse sales mix (8pp YoY decline in VAP mix), channel destocking, and higher cost of the Raipur plant. * We retain our FY23E/FY24 earnings estimate on the back of a higher margin, with an increasing share of VAP and a ramp up of Raipur plant. We maint...
Buy Apl Apollo Tubes For Target Rs. 1,340 - Motilal Oswal Financial Services
Buy Apl Apollo Tubes For Target Rs. 1,340 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/11/2022 3:17:05 PM
Buy Apl Apollo Tubes For Target Rs. 1,330 - Motilal Oswal Financial Services APL Apollo Tubes (APAT)’s long-term growth story remains intact underpinned by growing application and rising consumption of structural steel tubes in residential & commercial buildings, warehouses, factories, agriculture and other infrastructure works. The industry, post-inventory destocking in the last quarter because of higher steel prices, is now witnessing channel re-stocking led by correction in steel prices From our channel checks, we sense the overall demand scenario to b...
Buy Apl Apollo Tubes For Target Rs. 1,330 - Motilal Oswal Financial Services
Buy Apl Apollo Tubes For Target Rs. 1,330 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/10/2022 2:43:09 PM
Permanent Capital: Answer to India's $10 Trillion Economy (Opinion) The development and expansion of Indian enterprises, especially in terms of improving capital use efficiency, can benefit from understanding global trends in money management and business efficiency. The one trend that has been in focus throughout the asset management industry, especially the private equity world, is "permanent capital". This is broadly defined as access to funds for long periods instead of the usual seven to ten-year fund horizon that has been the norm in the pr...
Permanent Capital: Answer to India's $10 Trillion Economy (Opinion)
Permanent Capital: Answer to India's $10 Trillion Economy (Opinion)
Source: IANS
22/09/2022 3:57:34 PM
Add APL Apollo Tubes Ltd Target Rs.941- Centrum Broking Profitability remains high  APL Apollo (APAT) recorded in line EBITDA of Rs1.94bn (CentrumE: Rs1.94bn), down 27% QoQ on account of lower volumes (down 23% QoQ) as customers defer purchase and destock in anticipation of fall in prices. APAT increased discounts in order to sell its products during the quarter which impacted its profitability. As a result, it recorded EBITDA/t of Rs4,587, down 5% QoQ. This performance is commendable as it comes at the backdrop of sharp decline ...
Add APL Apollo Tubes Ltd Target Rs.941- Centrum Broking
Add APL Apollo Tubes Ltd Target Rs.941- Centrum Broking
Source: Centrum Broking Ltd
3/09/2022 12:16:38 PM
Neutral APL Apollo Tubes Ltd For Target Rs. 1,157 - Sushil Finance Highlights from the Quarter: * Volume Growth: The company reported total volumes at 423 Ktons compared to 552 Ktons in Q4FY22 and 373 Ktons in Q1FY22. Volumes saw an de growth of ~24% & growth of ~13% on QoQ and YoY basis respectively. The volumes were adversely impacted by the industry-wide channel destocking prompted by the correction in domestic HRC prices and lower share of value added products (VAP). * Margin expectation: The management seem optimistic with respect to volume gr...
Neutral APL Apollo Tubes Ltd For Target Rs. 1,157 - Sushil Finance
Neutral APL Apollo Tubes Ltd For Target Rs. 1,157 - Sushil Finance
Source: Sushil Finance Ltd
26/08/2022 1:21:43 PM
APL Apollo Tubes rises on raising Rs 50 crore through Commercial Paper APL Apollo Tubes is currently trading at Rs. 1061.05, up by 9.70 points or 0.92% from its previous closing of Rs. 1051.35 on the BSE. The scrip opened at Rs. 1060.00 and has touched a high and low of Rs. 1065.80 and Rs. 1058.60 respectively. So far 2330 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1146.25 on 16-Aug-2022 and a 52 week low of Rs. 742.50 on 24-Aug-2021. Last one week high and low of the scrip st...
APL Apollo Tubes rises on raising Rs 50 crore through Commercial Paper
APL Apollo Tubes rises on raising Rs 50 crore through Commercial Paper
Source: Accord Fintech
24/08/2022 10:32:49 AM
Neutral APL Apollo Tubes Ltd For Target Rs. 1,153 - Sushil Finance We had re-instated coverage on APL Apollo Tubes Ltd. on Feb.1, 2022 at a market price of Rs.863 for a target price of Rs.1,153, showcasing an upside of ~33%. Subsequently, the Target Price was revised to Rs.1,157 in our Q1 FY23 Result Update dated 28 July 2022. With the recent run-up in the share price, the stock is nearing our target price with today’s high of Rs.1,105. We advise our investors to book profits at current levels as we close our recommendation on the stock and change o...
Neutral APL Apollo Tubes Ltd For Target Rs. 1,153 - Sushil Finance
Neutral APL Apollo Tubes Ltd For Target Rs. 1,153 - Sushil Finance
Source: Sushil Finance
14/08/2022 12:04:28 PM
APL Apollo Tubes launches new brand `Apollo Navrang` APL Apollo Tubes has launched its new exciting brand ‘Apollo Navrang’. The company has come out with a wide range of colour coated coils and sheets for PEB Purlins under the brand umbrella of ‘Navrang’. The exciting productline has been manufactured at APL Apollo’s one of the largest Greenfield projects built over 500 acres of land in Chhatisgarh - the heart of India and an upcoming steel hub. The colour coated steel range promoted under ‘Apollo Navrang&...
APL Apollo Tubes launches new brand `Apollo Navrang`
APL Apollo Tubes launches new brand `Apollo Navrang`
Source: Accord Fintech
1/07/2022 11:38:17 AM
Investment Idea : Buy APL Apollo Tubes Ltd For Target Rs.1,270 - Motilal Oswal Best placed to benefit from growth in the Structural Steel Tubes industry We visited the site of the Guru Teg Bahadur (GTB) Hospital to observe the shifting trends in the Structural Tube industry, driven by the increasing acceptance of steel tubes and its growing consumption in Construction projects. The key drivers of APAT’s performance include: a) growing demand across product segments, b) increased product penetration, with a robust distribution network, c) an increase in the shar...
Investment Idea : Buy APL Apollo Tubes Ltd For Target Rs.1,270 - Motilal Oswal
Investment Idea : Buy APL Apollo Tubes Ltd For Target Rs.1,270 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/06/2022 12:48:57 PM
Add APL Apollo Tubes Ltd Target Rs.994 - Centrum Broking Volume led growth APL Apollo (APAT) recorded in-line EBITDA of Rs2.66bn (CentrumE: Rs2.59bn), up 31.5% QoQ on account of higher volumes. APAT came back strongly in Q4FY22 with sales volume of 552kt, up 37% QoQ/27% YoY as it pushed low-margin general structures. As a result, proportion of value added products (VAP) fell to 60% v/s 65% in Q3FY22. This reflects the strength of APAT that it can push volumes, if required. Despite lower sale of VAP, it recorded EBITDA/t of Rs4,823, down 4% QoQ. ...
Add APL Apollo Tubes Ltd Target Rs.994 - Centrum Broking
Add APL Apollo Tubes Ltd Target Rs.994 - Centrum Broking
Source: Centrum Broking Ltd
20/05/2022 11:10:42 AM
APL Apollo Tubes surges on posting 26.73% growth in sales volume in Q4FY22 APL Apollo Tubes is currently trading at Rs. 941.00, up by 26.90 points or 2.94% from its previous closing of Rs. 914.10 on the BSE. The scrip opened at Rs. 914.75 and has touched a high and low of Rs. 941.45 and Rs. 914.75 respectively. So far 5797 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1113.65 on 16-Dec-2021 and a 52 week low of Rs. 585.08 on 19-Apr-2021. Last one week high and low of the scrip stood ...
APL Apollo Tubes surges on posting 26.73% growth in sales volume in Q4FY22
APL Apollo Tubes surges on posting 26.73% growth in sales volume in Q4FY22
Source: Accord Fintech
1/04/2022 1:30:09 PM
Buy APL Apollo Ltd For Target Rs.1,200 - Motilal Oswal Acquires minority stake in Shankara Building Products APAT announced a minority equity investment of INR1,805m by Apollo Mart, a wholly-owned subsidiary, in Shankara Building Products through a purchase of secondary promoter shares and proposed preferential allotment of convertible warrants valuing the investment at 0.8x TTM EV/sales of Shankara.   Investment highlights * APAT, through its wholly-owned subsidiary APL Apollo Mart (Apollo Mart), acquired 4.38% stake in Shankara...
Buy APL Apollo Ltd For Target Rs.1,200 - Motilal Oswal
Buy APL Apollo Ltd For Target Rs.1,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
26/03/2022 12:32:56 PM
Buy APL Apollo Tubes Ltd Target Rs.1,153 - Sushil Finance Strong business moat will enable the company to scale its business, its product offerings and its margins APL Apollo is India’s leading steel tubes manufacturer with 2,600 KTPA capacity with growth of ~18% over the last decade. The growth in production has been ~24% CAGR over the last 11 years with a 50% market share in structural steel tubes. Capacity expansions have been via both, the organic & inorganic routes, while volume growth is driven by launch of new products buoyed by ...
Buy APL Apollo Tubes Ltd Target Rs.1,153 - Sushil Finance
Buy APL Apollo Tubes Ltd Target Rs.1,153 - Sushil Finance
Source: Sushil Finance Ltd
1/02/2022 9:10:36 AM
Buy APL Apollo Tubes Ltd For Target Rs.1,020 - ICICI Securities Heavy structural tubes to drive volumes/margins APL Apollo (APL) continues to chart a lead role in catalysing steel tubes market in India. Strong growth guidance (4mtpa by FY25E) along with increasing value added mix (70-75% by FY25E) along with intense efforts towards market creation are clear earnings triggers. Underlying business RoCEs are already at 50%, and should reflect in the print as 4mtpa volume runrate is achieved. We expect APL’s market share gains to accelerate with the ...
Buy APL Apollo Tubes Ltd For Target Rs.1,020 - ICICI Securities
Buy APL Apollo Tubes Ltd For Target Rs.1,020 - ICICI Securities
Source: ICICI Securities
29/11/2021 9:22:57 AM
APL Apollo Tubes Q2 net profit jumps 57.71% at Rs 67.50 cr The company reported standalone net profit of Rs 67.50 crore for the quarter ended September 30, 2021 as compared to Rs 42.80 crore in the same period last year, registering a year-on-year growth of 57.71 per cent. Net revenue of the company rose substantially by 37.45 per cent at Rs 2,100.63 crore in July-September quarter of this fiscal as against Rs 1,528.24 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 32.27 per cent to Rs 1...
APL Apollo Tubes Q2 net profit jumps 57.71% at Rs 67.50 cr
APL Apollo Tubes Q2 net profit jumps 57.71% at Rs 67.50 cr
Source: Dion Global Solutions Ltd
29/10/2021 12:18:37 PM
Buy APL Apollo Tubes Ltd For Target Rs.1,020 - ICICI Securities Heavy structural tubes to drive volumes/margins APL Apollo (APL) continues to chart a lead role in catalysing steel tubes market in India. Strong growth guidance (4mtpa by FY25E) along with increasing value added mix (70-75% by FY25E) along with intense efforts towards market creation are clear earnings triggers. Underlying business RoCEs are already at 50%, and should reflect in the print as 4mtpa volume runrate is achieved. We expect APL’s market share gains to accelerate with the ...
Buy APL Apollo Tubes Ltd For Target Rs.1,020 - ICICI Securities
Buy APL Apollo Tubes Ltd For Target Rs.1,020 - ICICI Securities
Source: ICICI Securities Ltd
29/10/2021 11:46:02 AM
Buy APL Apollo Tubes Ltd For Target Rs.1,035 - Motilal Oswal Growing applications, paving way for a growth phase We analyzed the shifting trends in the Structural Tube industry, driven by growing consumption of steel tubes in Construction projects, coupled with growing acceptance and increasing applications of steel tubes. Key drivers of APAT’s performance include: a) growing usage of structural tubes as a replacement to RCC, b) first-mover advantage by installing DFT in India, and c) leadership position to help benefit from this shift. &nb...
Buy APL Apollo Tubes Ltd For Target Rs.1,035 - Motilal Oswal
Buy APL Apollo Tubes Ltd For Target Rs.1,035 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/10/2021 11:37:11 AM
APL Apollo Tubes jumps as its 6 innovative products gets registrations from Patent Office APL Apollo Tubes is currently trading at Rs. 1886.00, up by 31.20 points or 1.68% from its previous closing of Rs. 1854.80 on the BSE. The scrip opened at Rs. 1869.00 and has touched a high and low of Rs. 1889.40 and Rs. 1841.60 respectively. So far 12949 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1908.70 on 13-Sep-2021 and a 52 week low of Rs. 460.00 on 24-Sep-2020. Last one week high and low of the scrip ...
APL Apollo Tubes jumps as its 6 innovative products gets registrations from Patent Office
APL Apollo Tubes jumps as its 6 innovative products gets registrations from Patent Office
Source: Accord Fintech
14/09/2021 12:37:15 PM
Buy APL Apollo Tubes Ltd For Target Rs.2,065 - Motilal Oswal APL Apollo Tubes (APAT) is the largest manufacturer of Structural Steel Tubes in India, which finds applications in residential and commercial buildings, warehouses, factories, Agriculture, and other Infrastructure works. It enjoys ~50% market share in India, and operates through a network of 10 plants, over 800 distributors, more than 1,500 SKUs, and 200,000 fabricators serving over 50,000 retailers. The new normal! * APAT’s diversified product portfolio and pan-India presence he...
Buy APL Apollo Tubes Ltd For Target Rs.2,065 - Motilal Oswal
Buy APL Apollo Tubes Ltd For Target Rs.2,065 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/09/2021 9:40:56 AM
Neutral APL Apollo Tubes Ltd Book Profit For Target Rs. 1,835 - Sushil Finance We had initiated coverage on APL Apollo Tubes Ltd with a Buy rating on March 31st, 2021 at Rs.1,394 for a target price of Rs.1,835 showcasing an upside of ~40%.   With the recent run-up in the share price the stock has met our target price. Hence, we advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL.   To Read Complete Report & Disclaimer Click Here   Please refer discla...
Neutral APL Apollo Tubes Ltd Book Profit For Target Rs. 1,835 - Sushil Finance
Neutral APL Apollo Tubes Ltd Book Profit For Target Rs. 1,835 - Sushil Finance
Source: Sushil Finance
28/07/2021 11:17:04 AM
Buy APL Apollo Tubes Ltd For Target Rs.1,835 - Sushil Finance Highlights from the Quarter (Q4-FY21): * Volume and margin outlook: Management has guided for 10%-15% YoY volume growth in FY22 provided the COVID situation is normalized and India doesn’t suffer with the third wave. In terms of margins, the company is confident to maintain margin above Rs. 5,000/ tonne for products from existing capacity of 2.6 MTPA and in the range of Rs. 6,000-7,000/ tonne for new products for products such as colour coated pipes and 500/500 square pipes for buil...
Buy APL Apollo Tubes Ltd For Target Rs.1,835 - Sushil Finance
Buy APL Apollo Tubes Ltd For Target Rs.1,835 - Sushil Finance
Source: Sushil Finance Ltd
5/06/2021 10:52:10 AM
APL Apollo Tubes - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd Below are Quote On APL Apollo Tubes -4QFY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd For 4QFY2021, APL Apollo Tubes (APL)’s net sales grew by ~37% to Rs2,587cr (volume increased by 8.5% yoy).  On the operating front, the company reported margin improvement (up by 163bp YoY to 8%), primarily on account better price realization. The reported net profit grew by ~110% YoY to Rs119cr due to higher taxes...
APL Apollo Tubes - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd
APL Apollo Tubes - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
3/06/2021 4:04:16 PM
Buy APL Apollo Tubes Ltd For Target Rs.1,835 - Sushil Finance Track record of healthy growth in volumes, margin focus and strong business moat is expected to scale the company’s business and product variants. APL Apollo is India’s leading steel tubes manufacturer with 2,600 KTPA capacity with a growth of ~19% over the last decade. The growth in production has been ~25% CAGR over the last 10 years with a 50% market share in structural steel tubes. Capacity expansions have been via both, the organic & inorganic routes, while volume gro...
Buy APL Apollo Tubes Ltd For Target Rs.1,835 - Sushil Finance
Buy APL Apollo Tubes Ltd For Target Rs.1,835 - Sushil Finance
Source: Sushil Finance Ltd
1/04/2021 11:03:23 AM
APL Apollo Tubes trades higher on the BSE APL Apollo Tubes is currently trading at Rs. 1075.55, up by 15.10 points or 1.42% from its previous closing of Rs. 1060.45 on the BSE. The scrip opened at Rs. 1059.00 and has touched a high and low of Rs. 1087.00 and Rs. 1025.65 respectively. So far 2412 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,087.00 on 26-Feb-2021 and a 52 week low of Rs. 205.00 on 19-Mar-2020. Last one week high and low of the scrip ...
APL Apollo Tubes trades higher on the BSE
APL Apollo Tubes trades higher on the BSE
Source: Accord Fintech
26/02/2021 10:28:35 AM
APL Apollo Tubes zooms on unveiling India's first closed steel door, window frames ‘Apollo Chaukhat’ APL Apollo Tubes is currently trading at Rs. 1050.00, up by 40.60 points or 4.02% from its previous closing of Rs. 1009.40 on the BSE. The scrip opened at Rs. 1025.00 and has touched a high and low of Rs. 1073.00 and Rs. 1020.10 respectively. So far 13164 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,073.00 on 25-Feb-2021 and a 52 week low of Rs. 205.00 on 19-Mar-2020. Last one week high and low of the scrip...
APL Apollo Tubes zooms on unveiling India's first closed steel door, window frames ‘Apollo Chaukhat’
APL Apollo Tubes zooms on unveiling India's first closed steel door, window frames ‘Apollo Chaukhat’
Source: Accord Fintech
25/02/2021 3:13:35 PM
APL Apollo Tubes gains even after APL Infrastructure offloads 30 lakh shares of company APL Apollo Tubes is currently trading at Rs. 978.80, up by 22.55 points or 2.36% from its previous closing of Rs. 956.25 on the BSE. The scrip opened at Rs. 954.25 and has touched a high and low of Rs. 989.40 and Rs. 954.25 respectively. So far 286336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 998.95 on 16-Feb-2021 and a 52 week low of Rs. 205.00 on 19-Mar-2020. Last one week high and low of the scrip stood...
APL Apollo Tubes gains even after APL Infrastructure offloads 30 lakh shares of company
APL Apollo Tubes gains even after APL Infrastructure offloads 30 lakh shares of company
Source: Accord Fintech
17/02/2021 5:28:49 PM
APL Apollo Tubes Q3 net profit up 31.95% at Rs 55.75 cr The company reported standalone net profit of Rs 55.75 crore for the quarter ended December 31, 2020 as compared to Rs 42.25 crore in the same period last year, registering a year-on-year growth of 31.95 per cent. Net revenue of the company rose moderately by 12.45 per cent at Rs 1,738.16 crore in October-December quarter of this fiscal as against Rs 1,545.70 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 12.74 per cent to Rs 1...
APL Apollo Tubes Q3 net profit up 31.95% at Rs 55.75 cr
APL Apollo Tubes Q3 net profit up 31.95% at Rs 55.75 cr
Source: Dion Global Solutions Ltd
25/01/2021 4:24:38 PM