APL Apollo Tubes Ltd (APLAPOLLO)

Anand Rathi Recommends 'Buy' Rating on APL Apollo Tubes - 16 May, 2024

Anand Rathi has recommended a 'Buy' rating on APL Apollo Tubes with a target price of Rs 1800. Despite Q4FY24 performance being below expectations, the company plans to sell 150kt from the Dubai plant in FY25 and overall export sales are expected to be around 200-250kt in FY25. The Raipur plant is expected to increase its utilization level to 70-75% in FY25. The company aims to reach 10 mn tonnes of capacity by FY30.

APL Apollo Tubes Ltd Up 1.29% on NSE - 15 May, 2024

APL Apollo Tubes Ltd is up 1.29% on the NSE, trading at Rs 1600.55 as of 12:49 IST. The stock has seen a 38.81% increase in the last year compared to a 21.36% jump in NIFTY and a 65.67% jump in the Nifty Metal index. The PE ratio based on TTM earnings ending March 24 is 96.61.

APL Apollo Tubes Discusses Potential for Solar Roofing in India - 14 May, 2024

Sanjay Gupta, Chairman & MD of APL Apollo Tubes Limited, discusses the potential for solar roofing to be integrated into modern construction in India. The company provides an end-to-end solution for clean energy needs through its patented assembly of ornate Inroof.

APL Apollo Tubes Reports Mixed Results for Q4 and FY24 - 13 May, 2024

APL Apollo Tubes reported a mixed bag of results for Q4 and FY24 with strong sales growth in value-added products, but weak demand ahead of elections and retail slowdown impacting Q4 performance. The company's shares have risen by 30.84% over the past year, but delivered -2.63% return in the last week.

APL Apollo Tubes Ltd's High P/E Ratio Justified by Expected Earnings Growth - 02 May, 2024

Despite having a high P/E ratio of 56.6x, APL Apollo Tubes Ltd is expected to grow its earnings per share at a rate of 39% per year over the next three years, justifying the premium price paid by shareholders.

APL Apollo Tubes Ltd Up 1.41% on NSE - 30 Apr, 2024

APL Apollo Tubes Ltd is up 1.41% on the NSE, trading at Rs 1578.15 as of 12:49 IST. The stock has seen a 31.55% increase in the last year compared to a 25.34% jump in NIFTY and a 57.18% jump in the Nifty Metal index. The PE ratio based on TTM earnings ending December 2023 is 78.76.

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%.