NSE: APLAPOLLO | BSE: 533758

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1728.40 -5.90 (-0.34%)

35.81% Gain from 52W Low

167.6K NSE+BSE Volume

NSE 02 Dec, 2025 1:14 PM (IST)

47,986.6

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APL Apollo Tubes Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for APLAPOLLO, BSE:533758 APL Apollo Tubes Ltd.

APL Apollo Tubes Ltd.

14 Nov 2019

1728.40

-0.34%

APL Apollo Tubes: Q2FY20 Result Review

Buy: APL Apollo Tubes Ltd.

IDBI Capital

APL Apollo Tubes (APL) reported better than expected profitability for Q2FY20. Although EBITDA/tonne fell to Rs1,977 (-30.3% YoY, -38.5% QoQ), it was better than our forecast of Rs1,800. EBITDA fell 42.4% QoQ to Rs720 mn due to inventory loss as steel prices fell sharply (Rs5,000/tonne) during the quarter. There was a tax reversal of Rs341 mn vs. our estimate of Rs3 mn. Hence, net profit at Rs598 mn was significantly above our forecast. Cash flow from operations improved to Rs3 bn in H1FY20 compared...

APL Apollo Tubes Ltd. is trading above its 200 day SMA of 1658.8

APL Apollo Tubes Ltd.

30 Sep 2019

1728.40

-0.34%

Company Initiation

Buy: APL Apollo Tubes Ltd.

Prabhudas Lilladhar

APL Apollo Tubes (APAT) is the largest producer of Electric Resistance Welded (ERW) Steel Pipes and Sections in India with a manufacturing capacity of 2.55 mn MTPA. With pan India manufacturing capacities and extensive distribution network, they are able to cater to customers effectively and efficiently (95% of the revenues come from the dealer-distributor network). APAT has always been a pioneer in new technologies & innovative products which has helped it grow faster than its peers. They also invest continuously in enhancing brand awareness and develop the brand which in turn is creating entry barriers for new entrants....

APL Apollo Tubes Ltd. is trading above its 200 day SMA of 1658.8

APL Apollo Tubes Ltd.

30 Sep 2019

1728.40

-0.34%

Company Initiation

Buy: APL Apollo Tubes Ltd.

Prabhudas Lilladhar

APL Apollo Tubes Ltd. is trading below its 30 day SMA of 1760.4

APL Apollo Tubes Ltd.

24 Sep 2019

1728.40

-0.34%

APL Apollo Tubes: Initiating Coverage

Buy: APL Apollo Tubes Ltd.

IDBI Capital

We initiate coverage on APL Apollo Tubes (APL) with a BUY rating and a target price of Rs1,920. APL is India's largest manufacturer of Electric Resistance Welded (ERW) pipes. It is also one of the lowest cost producers of ERW pipes with wide range of products and a large distribution network. In the past decade, APL has outperformed industry growth by gaining market share from small and unorganized players. These factors have resulted in strong return ratios for APL (Average ROE of 19% over FY10-19). With expanded capacity in place, we expect its volumes to grow at a CAGR of 20% over FY19-21E. Also, its EBITDA/net profit are expected to grow at CAGR of 24%/45% over...

APL Apollo Tubes Ltd. is trading above its 200 day SMA of 1658.8

APL Apollo Tubes Ltd.

16 Sep 2019

1728.40

-0.34%

Result Update:APL Apollo

Buy: APL Apollo Tubes Ltd.

Target

Axis Direct

APAT reported a strong volume growth of 29% YoY on consolidated basis for Q1FY20 at 3.8lakh ton. We note that Hollow sections its core product (including DFT) offering reported 31% YoY growth at 219kt indicating growing acceptance of DFT, technologically superior product.

Number of FII/FPI investors decreased from 753 to 719 in Sep 2025 qtr

APL Apollo Tubes Ltd.

07 Aug 2019

1728.40

-0.34%

APL Apollo

Not Rated: APL Apollo Tubes Ltd.

ICICI Securities Limited

APL Apollo is India's largest producer of electric resistance welded (ERW) steel pipes. Over the years, through organic and inorganic initiatives, the company enhanced its ERW capacity, which is currently ~2.5x its nearest peer. APL Apollo has an ERW capacity of 2.3 million tonne (MT) (inclusive of recently acquired 200000 tonnes capacity from Shankara Building Products), which has increased more than 8x in the last nine years. In the current decade itself, APL Apollo has witnessed notable growth in its capacity/volume thereby increasing its market share. APL Apollo's installed...

APL Apollo Tubes Ltd. is trading below its 30 day SMA of 1760.4

APL Apollo Tubes Ltd.

08 Jul 2019

1728.40

-0.34%

Pick of the Week:08 JULY 2019

Buy: APL Apollo Tubes Ltd.

Target

Axis Direct

APL Apollo Tubes Ltd. is trading above its 200 day SMA of 1658.8

APL Apollo Tubes Ltd.

04 Jul 2019

1728.40

-0.34%

Result Update:APL Apollo

Buy: APL Apollo Tubes Ltd.

Target

Axis Direct

APAT reported a strong volume growth of 29% YoY on consolidated basis for Q1FY20. This is the second consecutive quarter of healthy volume growth as was reported in Q4FY19 (39% YoY growth).

APL Apollo Tubes Ltd. is trading below its 30 day SMA of 1760.4

APL Apollo Tubes Ltd.

15 Apr 2019

1728.40

-0.34%

APAT has announced the acquisition of a 200k ton plant in Hyderabad from Shankara Buildin...

Buy: APL Apollo Tubes Ltd.

Target

Emkay

Refer to important disclosures at the end of this report A rejuvenated 2019; reiterate Buy APAT has announced the acquisition of a 200k ton plant in Hyderabad from Shankara Building Products for Rs700mn after a solid 4Q sales volume growth (+39% yoy). APAT's total capacity is now 2.3mn tons, which is 28% of the Indian steel pipe industry. Key benefits from this plant are: high-margin products of 155k tons, reduction in logistics costs for Andhra Pradesh market and 29acres of land area (viable for future expansion). To add, Shankara will buy 250k tons of pipes from APAT annually....

APL Apollo Tubes Ltd. has an average target of 1935.80 from 5 brokers.

APL Apollo Tubes Ltd.

05 Feb 2019

1728.40

-0.34%

Revenue grew 17% yoy to Rs47.2bn (Emkay est: Rs47.6bn), driven by 17% growth in the APMEA...

Buy: APL Apollo Tubes Ltd.

Emkay

EBITDA margin expanded 20bps qoq to 11.2% (Emkay est: 11.4%; consensus est: 11.3%). EBIT margin expansion was constrained to 50bps qoq, despite a 600bps improvement in Europe margin, due to a 50bps contraction in APMEA margin. We expect...

APL Apollo Tubes Ltd. is trading below its 30 day SMA of 1760.4

Is APL Apollo Tubes Ltd. worth buying?

298 Votes:

Buy 79.53%

Sell 11.41%

Hold 9.06%

RESEARCH REPORTS

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