The company is a manufacturer of structural steel tubes. Electric resistance welded (ERW) steel tube production is the company’s line of business. 

The company operates ten manufacturing facilities that produce more than 1,500 different types of hollow sections, structural ERW steel tubes, galvanized tubes, and MS black pipes for the industry. 

APL Apollo Tubes Ltd belongs to the Mid-cap category with a market capitalization of Rs 46,629.02 crores. On Friday, company shares closed at Rs 1,681.34 apiece. 

APL Apollo Tubes Ltd (APL Apollo) is one of India’s leading branded steel products manufacturers, having a rainwater harvesting pit capacity of around 353 cubic meters. 

APL Apollo is the sole manufacturer of heavy structural steel tubes measuring 500 x 500 mm, and it holds an impressive 55 percent domestic market share in this business. They have extended their portfolio to 300 x 300 mm structural steel tubes. 

APL Apollo planning to increase their market share up to 60 percent by FY24 and reach a 5 MnT capability in 2025. The business is establishing operational facilities in Dubai and Kolkata to do this. Furthermore, in current plants, APL Apollo will be putting significant de-bottlenecking initiatives into place. To accomplish the goal, will require an investment of roughly C400 crore. 

APL Apollo is the only company producing steel tubes with dimensions ranging from 8 x 8 mm to 1000 x 1000 mm and thicknesses from 0.8 mm to 40 mm. 

APL Apollo Ltd shares have gained a return of 45.81 percent in the last six months and 56.61 percent in a year. 

APL Apollo Tubes Ltd. revenue increased by 16.6 percent from Rs 3,969.21 Cr in Q2FY23 to 4,630.4 Cr in Q2FY24. Further, During the same period, profits increased by 30.5 percent from Rs 150.19 Cr to Rs 202.87 Cr. 

Written by:- Abhishek Singh 


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