apl apollo share price

APL Apollo tubes share price are bearish these days but before that let’s go through some overview first. It is having 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.

Topics covered

  1. Overview
  2. Results
  3. How much returns to expect ?

1. Overview

APL Apollo tubes limited ( APL Apollo ) is one of the India’s leading manufacturers of branded steel products.

Apollo’s multi product offerings include over 1100 varieties of MS black pipes , galvanised tubes , hollow sections etc. Company is having 11 manufacturing facilities with a total capacity of 2.55 MTPA.

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.

During FY 2019 the Company undertook certain de-bottlenecking 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

How they got the name Apollo tubes?

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 2010-11 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 inter-alia making it the Company’s wholly-owned subsidiary on November 11 2010.

They opened five additional warehouses-cum- branches at Nagpur Goa Bengaluru Hyderabad and Cochin to cater to the burgeoning demand in various industrial applications thereby strengthening the APL Apollo brand.

2. Results

Here is company’s ” must look into ” ratios since december 2019.

apl apollo share price reports

Gradual increase in the total income, Profit after tax and net profit margin are showing positive growth in company.

3. How much returns to expect?

Talking about the key matrices and figureswhich we should know while analysing any stock.

Company is surely good for long term hold. 721% growth in 5 years is amazing .

company's ratio

Stock went down 2% but that’s daiy corrections which is most common in any stock exchange. As the traders buys and sells shares, it keeps rishing and falling according to the market conditions. APL Apollo tubes share price is 1302.25 as of 30th May 2021.

For more valuable updates, stay tuned, keep learning.


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