|
18 May 2025 |
APL Apollo Tubes
|
Consensus Share Price Target
|
1785.40 |
1825.12 |
- |
2.22 |
buy
|
|
|
|
|
23 Dec 2023
|
APL Apollo Tubes
|
Axis Direct
|
1785.40
|
1750.00
|
1588.15
(12.42%)
|
|
Buy
|
|
|
We recommend a BUY with a near-term TP of Rs 1,750/sh, implying an upside of 10% from the CMP.
|
|
31 Oct 2023
|
APL Apollo Tubes
|
Motilal Oswal
|
1785.40
|
1930.00
|
1565.30
(14.06%)
|
|
Buy
|
|
|
|
|
31 Oct 2023
|
APL Apollo Tubes
|
Axis Direct
|
1785.40
|
1950.00
|
1565.30
(14.06%)
|
|
Buy
|
|
|
Incremental production from the Raipur plant will drive higher EBITDA. We maintain our BUY rating.
|
|
31 Oct 2023
|
APL Apollo Tubes
|
ICICI Securities Limited
|
1785.40
|
1900.00
|
1603.75
(11.33%)
|
|
Buy
|
|
|
APL Apollo Tubes (APL) performance undershot our/street’s estimates. Key points: 1) Sales volume rose to a record 675kte; however, the proportion of Value Added Products (VAP) sales declined. 2) EBITDA rose 40.4% YoY mainly due to the ramp-up of Raipur plant.
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|
03 Oct 2023
|
APL Apollo Tubes
|
Motilal Oswal
|
1785.40
|
1930.00
|
1640.35
(8.84%)
|
|
Buy
|
|
|
|
|
01 Sep 2023
|
APL Apollo Tubes
|
Sharekhan
|
1785.40
|
2000.00
|
1729.50
(3.23%)
|
|
Buy
|
|
|
|
|
08 Aug 2023
|
APL Apollo Tubes
|
Axis Direct
|
1785.40
|
1630.00
|
1474.05
(21.12%)
|
Target met |
Buy
|
|
|
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
|
1785.40
|
1740.00
|
1477.30
(20.86%)
|
Target met |
Buy
|
|
|
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.
|
|
14 Jul 2023
|
APL Apollo Tubes
|
Sharekhan
|
1785.40
|
1560.00
|
1375.10
(29.84%)
|
Target met |
Buy
|
|
|
|
|
02 Jun 2023
|
APL Apollo Tubes
|
Motilal Oswal
|
1785.40
|
1490.00
|
1135.45
(57.24%)
|
Target met |
Buy
|
|
|
|