The shares of APL Apollo Tubes recently enjoyed a significant rally and reached a 52-week high on the stock exchanges. The stock remained in the spotlight due to its impressive performance in the otherwise lacklustre market sessions as well as the majority of brokerage houses’ optimism about its future growth. In the following paragraphs, we will analyse company's financial performance and valuation to arrive at conclusion if it is right time for readers to get exposure to this counter.
With its headquarters in Delhi NCR, APL Apollo Tubes Limited is the largest producer of structural steel tubes in India, with an annual production capacity of 3.6 million tonnes. The company is able to successfully manage a three-tier distribution and supply network thanks to its network of over 800 distributors and more than 2 lakh retailers and fabricators. It also serves 20 other countries in addition to the domestic market through a network of warehouses and branch offices spread across 29 cities across India. The company operates 11 strategically placed manufacturing facilities in Sikandrabad, Malur, Bengaluru, Hosur, Dujana, Raipur, Murbad and Hyderabad.
All facilities have access to green energy and two plants are more than 85 per cent dependent on it. The company’s products are grouped into categories such as Apollo Structural, Apollo Standard, Apollo Exclusive, Apollo Galv, Apollo Tricoat, Apollo Concept and Apollo Z. More than 1,100 distinct pre-galvanised tubes, structural steel tubes, galvanised tubes, MS black pipes and hollow sections are among the company’s diverse range of goods. The vision of the company is to replace conventional construction products with new ones that use innovative processes to improve the life of steel.
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