APL Apollo Tubes Ltd (APLAPOLLO)

ICICI Securities Recommends Buy Call on APL Apollo Tubes - 22 Apr, 2024

ICICI Securities has recommended a buy call on APL Apollo Tubes with a target price of Rs 1775. The company reported a consolidated total income of Rs 4192.78 crore for the quarter ended December 31, 2023, down -9.83% from the last quarter and -3.31% from the same quarter last year. Promoters held 29.44% stake in the company as of March 31, 2024, while FIIs owned 30.68%, DIIs 14.06%.

APL Apollo Tubes Ltd ROE Higher Than Industry Average - 09 Apr, 2024

APL Apollo Tubes Ltd's return on equity (ROE) is 23%, higher than the industry average of 13%. The company is retaining 82% of its profits and reinvesting heavily to grow its business, resulting in a significant growth in earnings. The expected drop in payout ratio explains the anticipated rise in future ROE to 30% over the next three years.

APL Apollo Tubes Ranks High in ESG Assessment - 08 Apr, 2024

APL Apollo Tubes has improved its ranking on the S&P Global Corporate Sustainability Assessment, standing at the 86th percentile in the steel industry for ESG rankings. The company scored 40 in the assessment, up from 80th percentile in 2022 and 56th percentile in 2021.

Mixed Outlook for APL Apollo Tubes Ltd. - 03 Apr, 2024

Despite an unfavorable demand scenario leading to near-term pain, Motilal Oswal maintains its Buy rating with a target price of Rs 1800 for APL Apollo Tubes. The company is expected to recover post-general elections aided by infrastructure spending and restocking of inventory by dealers.

APL Apollo Tubes Ltd Rises for Third Straight Session - 02 Apr, 2024

APL Apollo Tubes Ltd rose 3.94% to Rs 1562.5 on the NSE, while the benchmark NIFTY is down around 0.18%. The stock has added around 1.36% in the last month and has a PE of 75.71 based on TTM earnings ending December 23.

APL Apollo Tubes Reports Highest Quarterly Sales Volume - 01 Apr, 2024

APL Apollo Tubes reported its Q4FY24 business update, registering the highest quarterly sales volume of 6.78 lakh tonne and a YoY increase in sales volume of 15% for FY24. The company's de-commoditization strategy is intact with an increased contribution from the value-added segment to 58%. APL Apollo expects further boost in sales volume post general elections due to expansion of construction-led demand.

APL Apollo Tubes Acquires Majority Stake in Kisan Mouldings - 27 Mar, 2024

APL Apollo Tubes has acquired a 53.57% majority stake in Kisan Mouldings for Rs 118.40 crore, solidifying its position in the PVC pipes and fittings sector and unlocking synergistic benefits to support geographical expansion.