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14 Apr 2025 |
APL Apollo Tubes
|
Consensus Share Price Target
|
1517.35 |
1789.81 |
- |
17.96 |
buy
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31 Oct 2023
|
APL Apollo Tubes
|
Axis Direct
|
1517.35
|
1950.00
|
1565.30
(-3.06%)
|
|
Buy
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Incremental production from the Raipur plant will drive higher EBITDA. We maintain our BUY rating.
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31 Oct 2023
|
APL Apollo Tubes
|
Motilal Oswal
|
1517.35
|
1930.00
|
1565.30
(-3.06%)
|
|
Buy
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03 Oct 2023
|
APL Apollo Tubes
|
Motilal Oswal
|
1517.35
|
1930.00
|
1640.35
(-7.50%)
|
|
Buy
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01 Sep 2023
|
APL Apollo Tubes
|
Sharekhan
|
1517.35
|
2000.00
|
1729.50
(-12.27%)
|
|
Buy
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08 Aug 2023
|
APL Apollo Tubes
|
Axis Direct
|
1517.35
|
1630.00
|
1474.05
(2.94%)
|
Target met |
Buy
|
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Recommendation: Incremental production from the Raipur plant will drive higher EBITDA/t. However, post the recent rally in the stock price, the valuation is not very attractive which caps a higher upside on the stock from the CMP.
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08 Aug 2023
|
APL Apollo Tubes
|
ICICI Securities Limited
|
1517.35
|
1740.00
|
1477.30
(2.71%)
|
Target met |
Buy
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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.
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14 Jul 2023
|
APL Apollo Tubes
|
Sharekhan
|
1517.35
|
1560.00
|
1375.10
(10.34%)
|
Target met |
Buy
|
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02 Jun 2023
|
APL Apollo Tubes
|
Motilal Oswal
|
1517.35
|
1490.00
|
1135.45
(33.63%)
|
Target met |
Buy
|
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20 May 2023
|
APL Apollo Tubes
|
Axis Direct
|
1517.35
|
1200.00
|
1092.70
(38.86%)
|
Target met |
Buy
|
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Recommendation: We recommend a BUY with a near-term TP of Rs 1200 share, implying an upside of 10% from the CMP.
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15 May 2023
|
APL Apollo Tubes
|
ICICI Securities Limited
|
1517.35
|
1415.00
|
1152.05
(31.71%)
|
Target met |
Buy
|
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APL Apollo’s (APL) Q4FY23 EBITDA was 2% and 13% ahead of street and our estimates, respectively. Key takeaways: 1) sales volume touched a record 650kte (up 18% YoY) on higher shipments across segments; 2) profitability improved in all segments driven by favourable costs and higher volumes.
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