APL Apollo Tubes Ltd
APL Apollo Tubes Ltd (APLAPOLLO)

APL Apollo Tubes Ltd (APLAPOLLO)

₹1119.952.63%

Key Stats

₹1077
Day's Price Range
₹1128.4
₹741.43
52-Week Price Range
₹1128.4
1 Month Return26.72 %
3 Month Return25.33 %
1 Year Return30.39 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 8
48.93
EPS
Rank 7
₹22.29
BVPS
Rank 10
₹67.84
Dividend Yield
Rank 9
ROE
Rank 7
11.29%
Price To Book Ratio
Rank 11
16.08
Debt To Asset
Rank 6
0.5

Company Information

APL Apollo Tubes Limited APL Apollo is one of Indias leading manufacturers of branded steel products. APL Apollos multiproduct offerings include over 1100 varieties of MS Black pipes Galvanized Tubes PreGalvanized Tubes Structural ERW Steel tubes and Hollow Sections. With stateoftheartmanufacturing facilities The Company serves as a onestop shop for a wide spectrum of steel structural products catering to an array of industrial applications such as urban infrastructure automobile construction housing energy irrigation solar plants greenhouses and engineering. Headquartered at Delhi NCR the Company operates 11 manufacturing facilities with a total capacity of 2.55 MTPA. It has a PANIndian presence with units strategically located in Sikandarabad 4 units Malur Bengaluru Hosur Dujana Raipur Murbad and Telangana. The Companys vast 3tier distribution network of over 790 dealers is spread all across India with warehouses cum branch offices in over 29 cities. The company has eight manufacturing units four at Sikandrabad Uttar Pradesh one in Hosur Tamilnadu one at Raipur Chhattisgarh one in Bengaluru Karnataka and one in Murbad Maharashtra. The Company had three wholly owned subsidiaries as on March 31 2019 namely Shri Lakshmi Metal Udyog Limited SLMUL Apollo Metalex Private Limited AMPL and Blue Ocean Projects Private Limited. APL Apollo Tubes Ltd was incorporated on February 24 1986 as a private limited company. The company started a unit at Sikandrabad UP to manufacture M. S. Pipe. And then they also set up facilities to manufacture G. I. Pipes. In October 19 1993 the company was converted into a public limited company. In 1995 they entered in to capital market by way of a public issue amounting to Rs 438 lakh. In 2002 the company modernized their plant. During the year 200910 the company commissioned worldscale manufacturing facilities at Hosur Tamil Nadu with installed capacity of 200000 MTPA and extend the brand APL Apollo in promising markets. They transformed five of their branches in Ghaziabad Gurgaon Jaipur Pune and Ludhiana to a fullfledged steel product retail chain under the name of APL Apollo Steel World. Also the name of the company was changed from Bihar Tubes Ltd to APL Apollo Tubes Ltd to attain a strategic image makeover and brand building.During the year 201011 the company strategically acquired 100 shares of M/s Lloyds Line Pipes Limited hereinafter known as LLPL from its erstwhile shareholders in all cash deal interalia making it the Companys whollyowned subsidiary on November 11 2010. They opened five additional warehousescum branches at Nagpur Goa Bengaluru Hyderabad and Cochin to cater to the burgeoning demand in various industrial applications thereby strengthening the APL Apollo brand.The companys equity shares were listed on National Stock Exchange Ltd NSE with effect from December 14 2011.The company allotted 1500000 warrants to Mr. Ashok Kumar Gupta a person considered as promoter on a preferential basis on 14 February 2012 at a price of Rs 145/ each wherein each warrant entitled Mr. Ashok Kumar Gupta to subscribe for one Equity Share of the Company. Out of these fifteen lacs warrants 385000 warrants were converted in to equity shares on 23 March 2013.On June 21 2012 M/s. APL Infrastructure Private Limited a promoter group entity exercised its right to convert balance 641953 warrants into Equity Shares at a price of Rs.176 each. Accordingly 641953 Equity Shares having a nominal value of Rs.10 each were allotted to M/s. APL Infrastructure Private Limited on 21 June 2012 at a premium of Rs.166 per share aggregating to Rs.11.30 crore.During the financial year ended 31 March 2013 APL Apollo Tubes achieved the highest ever volume of 464000 tonnes despite the deceleration in the global and domestic economy. The completion of the debottlenecking measures and the functioning of the new line at Murbad near Mumbai has aided in increased operational efficiency and higher production in the financial year under review. Three additional warehousecumbranches were opened at Solan and two in Ahmedabad to cater to the burgeoning demand in various industrial applications thereby strengthening the APL Apollo brand.During the financial year ended 31 March 2014 APL Apollo Tubes achieved the highest ever volume turnover despite the deceleration in the global and domestic economy. The company achieved a volume growth of above 25 for the year. The company extended its geographical reach to the endusers strengthen its presence in tier II and tier III cities either via own warehouse cum branches or through dealerdistributors network. Additional warehousecumbranches were opened at Ananthapur Dehradun and Jodhpur to cater to the burgeoning demand in various industrial applications thereby strengthening the APL Apollo brand.The company increased its production from 464000 tonnes in FY201213 to 572000 tonnes in FY201314 a growth of 24. During the year under review the company completed a capex of Rs 1100 million.On 13 August 2013 APL Apollo Tubes allotted 1115000 Equity Shares having a nominal value of Rs 10/ each to Mr. Ashok Kumar Gupta a person considered as promoter upon conversion of equal number of warrants. During the financial year ended 31 March 2015 APL Apollo Tubes recorded the highest ever volume despite the adverse conditions across the globe. The strategy and steps taken by the company in designing new products in steel tubes and pipes segment by innovative means has succeeded in a big way with the production and launch products like color coated pipes for the first time in India and window / door frames which have been designed and patented by the company will further boost the sales of the company as demand for these products is expected to grow significantly in rural and semiurban areas of the country. The launch of color coated pipes is seen as a testimony to the companys strength and abilities in the Steel Tubes and Pipe segment. During the year under review the company opened an additional warehousecum branch at Chandigarh to cater to the burgeoning demand for its products across various industrial applications thereby strengthening the APL Apollo brand.During the year under review the company raised its capacity to almost 1.05 million tonnes and this represents a 31 rise in capacity over the last year.During the year under review credit rating agency M/s ICRA Limited upgraded the longterm rating from ICRA A to ICRA A and has reaffirmed the shortterm rating of ICRA A1 to the company. The outlook on the longterm rating is stable. During the financial year ended 31 March 2016 APL Apollo Tubes achieved the highest ever volume once again and break its previous volume despite the adverse conditions across the globe. The continued focus on brand image exercise and extending the geographical reach to the endusers strengthened the companys presence in Tier II and Tier III cities either via own warehouse cum branches or through dealerdistribution network. The dealerdistribution network increased significantly to 600. The effective steps towards measures to enhance cost efficiency across the verticals innovative approach in production and distribution of the products helped the company to control the manufacturing selling and distribution cost.During the year under review the company commissioned 5 new lines across all existing plant thereby enhancing the capacity from 10.50 lacs TPA to 13 lacs TPA. During the year under review the company ordered 8 lines of new HSU technology mills that will add over 5 lacs TPA at the existing sites and Raipur in FY 2017.The Board of Directors of APL Apollo Tubes at its Meeting held on 13 June 2015 approved the Scheme of Amalgamation of Lloyds Line Pipes Limited wholly owned subsidiary with the company to enable consolidation and further expansion of the company. The amalgamation would achieve economies of scale and other operational synergies which would result in the optimization of operation and capital expenditure and lead to increased competitive strength cost reduction and efficiencies productivity gains by pooling the financial managerial and technical resources personnel capabilities skill expertise and technologies of both the companies.During the financial year ended 31 March 2017 APL Apollo Tubes achieved the highest ever volume number. During the year under review the company ordered nine lines of new DFT technology mills out of which two commissioned and seven will be commissioned between July 2017 and March 2018 that will add over 0.5 MTPA at the existing sites. During the year under review the company started commissioning of Greenfield plant at Raipur to be fully operational by September 2017. During the year under review M/s Blue Ocean Projects Private Limited became subsidiary of APL Apollo Tubes.During the year under review the company appointed branding consultant as part of a comprehensive integrated marketing strategy to create the name APL APOLLO synonymous with the ERW steel pipes.The Company through its wholly owned subsidiary Shri Lakshmi Metal Udyog Limited SLMUL acquired stake in Apollo Tricoat in FY19. The acquisition was made to enable the company expand its product portfolio in highmargin coated pipe segment and to exploit synergies between the businesses of Shri Lakshmi Metal Udyog and Apollo Tricoat. The Tricoat products span three variants SureCoat DuraCoat and SuperCoat and are made through the latest Galvant technology. These InLine Galvanizing IGL pipes and Hybrid pipes PVCGP are ecofriendly and can be used as a substitute of PVC electrical Conduit Pipes. During FY 2019 the Company undertook certain debottlenecking initiatives at the latest Direct Forming Technology DFT lines. This led to capacity enhancement of 1 lakh MTPA taking the DFT capacity to 6 lakh MTPA and the total capacity to 2.1 million MTPA.During the year 2019 the Board of Directors in their meeting held on October 18 2018 approved acquisition of majority stake of Apollo TriCoat Tubes Limited AATL by Shri Lakshmi Metal Udyog Limited SLMUL a wholly owned subsidiary of Company by way of entering into a Share Purchase agreement SPA for acquisition of 8030030 equity shares and options attached to 4300000 warrants. Pursuant to the Agreement SLMUL made an open offer which got completed on February 01 2019. SLMUL acquired 1325000 equity shares representing 5.16 of the paidup share capital of AATL from open market and 1536209 equity shares representing 5.98 of the paidup share capital of AATL as tendered under open offer.During the financial year 2019 the Company allotted 117076 equity shares of Rs. 10 each at a price of Rs. 452.60 including premium of Rs. 442.60 and allotted 3500 equity shares of Rs. 10 each at a price of Rs. 1028.80 including premium of Rs. 1018.80. Subsequent to year end the Company allotted of 400000 Equity shares and 500000 fully convertible warrants on preferential basis to APL Infrastructure Private Limited an entity belonging to Promoter category at an issue price of Rs. 1800/ per share and Rs. 2000/ per warrant respectively.
OrganisationAPL Apollo Tubes Ltd
HeadquartersNew Delhi
IndustrySteel