Buy APL Apollo Tubes, target price Rs 1930: Motilal Oswal

Motilal Oswal has buy call on APL Apollo Tubes Ltd. with a target price of Rs 1930. The current market price of APL Apollo Tubes Ltd. is Rs 1575.25.

APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 44476.93 Crore) operating in Metals - Ferrous sector.

APL Apollo Tubes Ltd. key Products/Revenue Segments include Pipes & Tubes Steel, Scrap and Export Incentives for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 4650.01 Crore, up 1.83 % from last quarter Total Income of Rs 4566.57 Crore and up 16.81 % from last year same quarter Total Income of Rs 3980.81 Crore. Company reported net profit after tax of Rs 202.87 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 29.67 per cent stake in the company as of 30-Sep-2023, while FIIs owned 28.66 per cent, DIIs 12.69 per cent.