Dive into an in-depth analysis and future projections of Apl Apollo Tubes Share Price, covering technical indicators, chart patterns, and market trends to inform your investment decisions.
Welcome to the dynamic world of APL Apollo Tubes Limited, where innovation meets excellence in the steel industry. In this introduction, we’ll delve into the intricacies of APL Apollo Tubes Share Price, exploring the factors that influence its fluctuation and understanding the company’s position in the market. Join us on a journey through the realm of APL Apollo Tubes Share Price as we uncover the secrets behind this integral aspect of APL Apollo’s performance.
Table of Contents
In the heart of India’s industrial landscape lies APL Apollo Tubes Limited, a pioneering producer of structural steel tubes. With a commitment to quality, innovation, and reliability, APL Apollo has become synonymous with excellence in the steel manufacturing sector. Let’s delve into what makes APL Apollo the leader it is today.
At APL Apollo Tubes Limited, excellence is not just a goal; it’s a standard. The company specializes in the production of electric resistance welded (ERW) steel tubes, offering a diverse range of products to meet various industrial needs.
Diversity is the cornerstone of APL Apollo’s product offerings. With over 1,100 varieties of pre-galvanized tubes, structural steel tubes, galvanized tubes, MS black pipes, and hollow sections, APL Apollo caters to a wide array of applications. From agricultural and plumbing to firefighting, furniture, and beyond, APL Apollo’s products are integral to numerous industries.
Underpinning APL Apollo’s success are its trusted brands. From Apollo Fabritech to Apollo Green, each brand represents a commitment to quality, durability, and performance. With a strong focus on customer satisfaction, APL Apollo ensures that every product bearing its name meets the highest standards of excellence.
APL Apollo’s manufacturing process is unrivalled in India. With state-of-the-art facilities strategically located in Uttar Pradesh, Tamil Nadu, Chhattisgarh, Maharashtra, and Telangana, the company has a production capacity of 3.6 million tonnes per annum. This makes APL Apollo the largest producer of structural steel tubes in the country, further solidifying its position as an industry leader.
While APL Apollo’s roots are firmly planted in India, its reach extends far beyond national borders. With an extensive distribution network comprising warehouses and branch offices in 29 cities across India and operations spanning 20 countries worldwide, APL Apollo is truly a global player in the steel industry.
Headquartered in Delhi NCR, APL Apollo is at the forefront of India’s infrastructural development. With a focus on the Make in India initiative, the company is dedicated to strengthening the nation’s infrastructural backbone. Through its structural tubes and hollow sections, APL Apollo is contributing to the growth and development of India’s key sectors.
Subsidiaries of APL Apollo Tubes Ltd
Apollo Metalex Pvt. Ltd.: Established in 2006, Apollo Metalex Pvt. Ltd. is a non-government company registered in Delhi. It specializes in manufacturing basic iron and steel, with an authorized share capital of Rs. 30,000,000 and a paid-up capital of Rs. 27,111,000.
APL Apollo Building Products Pvt Ltd.: Founded in 2019, APL Apollo Building Products Pvt Ltd. is another non-government company based in Delhi. It focuses on producing basic precious and non-ferrous metals, boasting an authorized share capital of Rs. 3,000,000,000 and a paid-up capital of Rs. 2,600,000,000.
Shri Lakshmi Metal Udyog Limited: Established in 1994, Shri Lakshmi Metal Udyog Limited operates as a public company in Delhi. It primarily engages in human health activities, with an authorized share capital of Rs. 70,000,000 and a paid-up capital of Rs. 58,950,000.
Lloyds Line Pipes Limited: Founded in 2008, Lloyds Line Pipes Limited is a public company registered in Delhi. It specializes in metal casting, with an authorized share capital of Rs. 200,000,000 and a paid-up capital of Rs. 200,000,000.
Share Holding Pattern of APL Apollo Tubes Ltd
These figures represent significant actions taken by a company that directly influence shareholder value. They signify material changes within the company and have an impact on its stakeholders:
- Promoter Shareholding: 29.44%
- FII (Foreign Institutional Investor) Shareholding: 30.69%
- DII (Domestic Institutional Investor) Shareholding: 5.30%
- MF (Mutual Fund) Shareholding: 8.76%
- Retail and Others: 25.81%
In analysing the fundamental data of APL Apollo Tubes Ltd from March 2021 to March 2024, we gain valuable insights into the company’s financial performance across various key ratios.
Fundamental Analysis of APL Apollo Tubes Ltd | ||||
Ratio | March 2024 | March 2023 | March 2022 | March 2021 |
Profitability Ratio | ||||
Gross Profit Margin | 10.43% | 10.25% | 10.73% | 10.19% |
Net Profit Margin | 4.04% | 3.97% | 4.74% | 4.80% |
Return on Equity (ROE) | 20.32% | 21.36% | 27.34% | 24.06% |
Liquidity Ratio | ||||
Current Ratio | 1.34 | 1.17 | 1.28 | 1.19 |
Quick Ratio (Acid-Test Ratio) | 0.683 | 0.494 | 0.685 | 0.542 |
Solvency Ratio | ||||
Debt to Equity Ratio | 0.218 | 0.290 | 0.256 | 0.307 |
Interest Coverage Ratio | 9.62 | 13.87 | 19.72 | 9.26 |
Efficient Ratio | ||||
Inventory Turnover Ratio | 10.02 | 12.05 | 13.97 | 9.52 |
Account Receivable Turnover Ratio | 131.05 | 117.62 | 54.53 | 63.42 |
Valuation Ratio | ||||
Price to earning Ratio (P/E) | 56.66 | 52.07 | 36.93 | 42.91 |
Price to Book Ratio (P/B) | 11.51 | 11.12 | 9.28 | 9.54 |
Growth Ratio | ||||
Earning per Share (EPS) Growth | 26.40 | 23.15 | 24.77 | 16.32 |
Revenue Growth | 13,915.48 | 14,321.20 | 9,097.42 | 6,052.07 |
Profitability Ratio
Gross Profit Margin:
APL Apollo Tubes has maintained a relatively stable gross profit margin over the years, hovering around 10%. This indicates consistent efficiency in managing production costs.
Net Profit Margin:
While there has been some fluctuation, the net profit margin has generally remained within a narrow range of 4%, reflecting a moderate level of profitability after accounting for all expenses.
Return on Equity (ROE):
The return on equity demonstrates the company’s ability to generate profits from shareholders’ equity. Although there has been a slight decline from 2022 to 2024, APL Apollo Tubes still maintains a healthy ROE above 20%, showcasing efficient utilization of shareholder funds.
Liquidity Ratio
Current Ratio:
APL Apollo Tubes’ current ratio has shown an increasing trend, indicating improved liquidity and the ability to meet short-term obligations comfortably.
Quick Ratio (Acid-Test Ratio):
The quick ratio measures the company’s ability to meet short-term liabilities using its most liquid assets. APL Apollo Tubes’ quick ratio has also seen an upward trend, suggesting enhanced financial flexibility.
Solvency Ratio
Debt to Equity Ratio:
A decreasing trend in the debt to equity ratio indicates a reduction in financial leverage, which is positive for the company’s long-term solvency and stability.
Interest Coverage Ratio:
A high interest coverage ratio indicates APL Apollo Tubes’ capability to comfortably cover interest expenses with its earnings, ensuring financial sustainability.
Efficiency Ratio
Inventory Turnover Ratio:
The inventory turnover ratio reflects how efficiently the company manages its inventory. APL Apollo Tubes has shown a consistent improvement in inventory turnover, indicating effective inventory management practices.
Account Receivable Turnover Ratio:
A rising trend in the accounts receivable turnover ratio suggests efficient collection of receivables, leading to improved cash flow and liquidity.
Valuation Ratio
Price to Earning Ratio (P/E):
A higher P/E ratio implies that investors are willing to pay more for each unit of earnings. The increasing trend in APL Apollo Tubes’ P/E ratio reflects growing investor confidence in the company’s future earnings potential.
Price to Book Ratio (P/B):
The P/B ratio compares the market price of a company’s shares to its book value per share. APL Apollo Tubes’ P/B ratio has shown a slight increase over the years, indicating a relatively higher valuation compared to its book value.
Growth Ratio
Earning per Share (EPS) Growth:
A rising EPS growth rate indicates increasing profitability on a per-share basis, which is a positive sign for investors. APL Apollo Tubes has demonstrated consistent growth in EPS over the period under review.
Revenue Growth:
A significant increase in revenue growth from 2021 to 2024 signifies the company’s expanding business operations and market presence, which bodes well for its future prospects.
In conclusion, the fundamental analysis of APL Apollo Tubes Ltd reveals a company with solid financial performance, efficient operations, improving liquidity, and promising growth potential, making it an attractive investment opportunity in the steel industry.
Technical Analysis of Apl Apollo Tubes Share Price
Technical analysis of Apl Apollo Tubes Share Price involves evaluating price movements and trading volumes to forecast future price movements. Technical analysis depends on charts and statistical indicators. analysts use various techniques, such as trend analysis, chart patterns, and technical indicators like moving averages or relative strength index (RSI), to identify potential buying or selling opportunities for Apl Apollo Tubes Share Price. The main goal of technical analysis of Apl Apollo Tubes Share Price is to predict future price movements based on historical data and market psychology, helping investors make informed decisions about when to enter or exit trades. So, bellow we are explaining Various techniques as of 16th May 2024 for technical analysis of Apl Apollo Tubes Limited.
Price Action
Price action and price level of Apl Apollo Tubes Share Price (As of 16th May 2024) | |||
Price action | Daily Timeframe | Weekly Timeframe | Monthly Timeframe |
Candlestick | Strong Bullish Continuous Candlestick pattern | Strong Bullish Engulfing Candlestick pattern | Hammer Candlestick is forming |
Chart Pattern | Symmetrical Triangle Pattern | Inverted Head and Shoulder Pattern | Symmetrical Triangle Pattern |
Price Support Level | 1565-1575 | 1450-1475 | 1370-1400 |
Price Level | 1635 is Current Apl Apollo Tubes Share Price | 52 weeks High 1800 | 52 weeks low 1047 |
As of May 16th, 2024, the price action and price levels of APL Apollo Tubes Share Price provide valuable insights for investors, revealing trends and patterns across different timeframes.
Price Level
The current APL Apollo Tubes Share Price stands at 1635. However, it’s important to note that this price may vary slightly after the market closes.
The 52-week high for APL Apollo Tubes Share Price is at 1800, representing the highest price level reached in the past year. This serves as a significant milestone and may act as a resistance level for further upward movement.
Conversely, the 52-week low for APL Apollo Tubes Share Price is at 1047, marking the lowest price level observed during the same period. This indicates the extreme end of the price spectrum and serves as a reference point for assessing price fluctuations.
Daily Timeframe
Candlestick pattern:
A strong bullish continuous candlestick pattern is observed, indicating robust upward momentum in the daily timeframe. Notably, APL Apollo Tubes Share Price has decisively broken the 1600 level, suggesting a bullish trend after undergoing a substantial correction of approximately 27% from its peak.
Chart Pattern:
A symmetrical triangle pattern has been activated in the daily timeframe. APL Apollo Tubes Share Price has broken the resistance line of the price action pattern, indicating a potential bullish trend. On May 13th, there was an attempt to break below 1520, but strong buying pressure prevented the price from declining, leading to a rally to the upside.
Price Support Level:
The daily timeframe indicates a price support level between 1565-1575. This suggests that if APL Apollo Tubes Share Price experiences a downward movement, it may find support in this range.
Weekly Timeframe
Candlestick pattern:
The weekly timeframe reveals the formation of a strong bullish engulfing candlestick pattern. The size of the candle suggests that APL Apollo Tubes Share Price could easily surpass the 1650 level. Moreover, this candle has broken the price range observed over the past 10 weeks, further reinforcing the bullish sentiment.
Chart Pattern:
An inverted head and shoulders pattern is observed in the weekly timeframe. The neckline resistance has been decisively broken, signalling a reversal of the previous downtrend. According to this pattern, APL Apollo Tubes Share Price has the potential to move up to 2000 or even higher.
Price Support Level:
In the weekly timeframe, a lower price support level of 1450-1475 is identified. This level serves as a backup in case the price action pattern fails to hold. It indicates a zone where buyers may step in to prevent further decline in APL Apollo Tubes Share Price.
Monthly Timeframe
Candlestick pattern:
In the monthly timeframe, a hammer candlestick pattern is forming, signalling consolidation in APL Apollo Tubes Share Price over the past four months. Particularly, the month of February witnessed the emergence of a strong hammer candle. If market conditions remain favourable, there is a high likelihood of APL Apollo Tubes Share Price reaching the 1800 level within the next month, representing its 52-week high price.
Chart Pattern:
A symmetrical triangle pattern is identified in the monthly timeframe. Additionally, there has been strong consolidation since September 2023. This consolidation suggests a reduced likelihood of downward movement in APL Apollo Tubes Share Price.
Price Support Level:
The monthly timeframe reveals a worst-case scenario price support level of 1370-1400. In the event of a significant downturn, APL Apollo Tubes Share Price may retreat to this range, representing a substantial decline from current levels.
In conclusion, the analysis of APL Apollo Tubes Share Price reveals a bullish sentiment across various timeframes, supported by strong candlestick patterns, chart patterns, and price support levels. Investors may consider these insights when making informed decisions regarding their investment strategies in APL Apollo Tubes Limited.
Indicators Use for Technical Analysis
Bolinger Band (BB):
Bolinger Band Price level in Apl Apollo Tubes Share Price (As of 16th May 2024) | |||
| Upper Band | Median | Lower Band |
Bolinger Band | 1610.10 | 1564.60 | 1518.80 |
The upper band of the Bollinger Bands stands at 1610.10. APL Apollo Tubes Share Price has crossed the daily candle and broken above the upper band. This indicates a potential uptrend and suggests that the price may continue to rise in the short term.
The median, or middle band, of the Bollinger Bands is at 1564.60. This level is identified as a strong support level in the short-term chart. It suggests that APL Apollo Tubes Share Price may find stability around this level in the near future.
The lower band of the Bollinger Bands is at 1518.80. This level is considered a strong support level in both the short-term and medium-term charts. It indicates that even in the event of a price decline, APL Apollo Tubes Share Price may find significant support around this level.
Moving Average (MA):
Moving Average price level in daily candlestick of Apl Apollo Tubes Share Price (As of 16th May 2024) | ||
Moving Average | 100 Day | 200 Day |
Simple Moving Average (SMA) | 1519.70 | 1572 |
Exponential Moving Average (EMA) | 1939.80 | 1503.72 |
Simple Moving Average (SMA):
The 100-day Simple Moving Average (SMA) is calculated to be 1519.70. This level is identified as a strong support level in both the short-term and medium-term charts. It suggests that APL Apollo Tubes Share Price may find significant stability around this level in the near future.
The 200-day Simple Moving Average (SMA) is calculated to be 1572. This level is considered a strong support level in the short-term chart. It indicates that APL Apollo Tubes Share Price may find support around this level, providing stability in the short term.
Exponential Moving Average (EMA):
The 100-day Exponential Moving Average (EMA) stands at 1939.80. This level is identified as a strong support level in both the short-term and medium-term charts. It suggests that APL Apollo Tubes Share Price may find significant support around this level in the near future.
The 200-day Exponential Moving Average (EMA) is calculated to be 1503.72. This level is considered a strong support level in the medium-term chart. It indicates that APL Apollo Tubes Share Price may find support around this level in the medium term, providing stability to the price movement.
Relative Strength Index (RSI):
Relative Strength Index (RSI) of Apl Apollo Tubes Share Price (As of 16th May 2024) | |||
| Daily | Weekly | Monthly |
Relative Strength Index (RSI) | 63.83 | 57.84 | 67.23 |
As of May 16th, 2024, APL Apollo Tubes Share Price shows a daily Relative Strength Index (RSI) of 63.83, indicating slight overbought conditions. In the weekly timeframe, the RSI is at 57.84, reflecting moderate strength. The monthly RSI stands at 67.23, suggesting positive momentum. These values imply potential for further upside in the coming weeks, with a balanced outlook across different timeframes.
Conclusion
Based on the comprehensive analysis of APL Apollo Tubes Ltd, we recommend this stock as a promising investment opportunity. The company demonstrates solid financial performance, efficient operations, and promising growth potential, making it an attractive option in the steel industry. APL Apollo’s commitment to quality, innovation, and reliability, coupled with its diverse product offerings and extensive distribution network, positions it as a leader in the market.
Additionally, the company’s focus on strengthening India’s infrastructural backbone aligns with the nation’s development goals, further enhancing its long-term prospects. Furthermore, technical analysis reveals a bullish sentiment in APL Apollo Tubes Share Price across various timeframes, supported by strong candlestick patterns, chart patterns, and price support levels. With robust fundamentals and positive technical indicators, APL Apollo Tubes Ltd emerges as a compelling investment opportunity for investors seeking growth potential and stability in the steel sector.
FAQs
- What is APL Apollo Tubes Share Price?
APL Apollo Tubes Share Price refers to the current market price of shares issued by APL Apollo Tubes Limited, a leading producer of structural steel tubes in India.
- How is APL Apollo Tubes Share Price determined?
APL Apollo Tubes Share Price is determined by the interaction of supply and demand in the stock market. Factors such as company performance, industry trends, and market sentiment influence its valuation.
- Where can I find APL Apollo Tubes Share Price?
APL Apollo Tubes Share Price can be found on various financial websites, stock market apps, and through brokerage platforms that provide real-time updates on stock prices.
- What factors affect APL Apollo Tubes Share Price?
Several factors can affect APL Apollo Tubes Share Price, including company earnings, economic conditions, industry competition, government policies, and investor sentiment.
- Is APL Apollo Tubes Share Price volatile?
Like most stocks, APL Apollo Tubes Share Price can experience volatility due to market fluctuations, news events, and changes in investor perceptions about the company’s prospects.
- How often does APL Apollo Tubes Share Price change?
APL Apollo Tubes Share Price can change frequently throughout the trading day as investors buy and sell shares, reacting to new information and market dynamics.
- What are the historical highs and lows of APL Apollo Tubes Share Price?
Historical highs and lows of APL Apollo Tubes Share Price represent the highest and lowest price levels the stock has reached over a specific period, providing insight into its price range.
- Can I invest in APL Apollo Tubes based on its share price?
Investing in APL Apollo Tubes should involve thorough research beyond just its share price, considering factors like company fundamentals, industry outlook, and personal investment goals.
- How can I analyse APL Apollo Tubes Share Price trends?
Investors can analyse APL Apollo Tubes Share Price trends using technical analysis tools, such as candlestick patterns, chart patterns, moving averages, and relative strength index (RSI).
- Is APL Apollo Tubes Share Price a good investment?
Whether APL Apollo Tubes Share Price is a good investment depends on individual investment objectives, risk tolerance, and the assessment of the company’s financial health, growth prospects, and market conditions. It’s advisable to consult with a financial advisor before making investment decisions.
