Buy APL Apollo Tubes; target of Rs 1270: Motilal Oswal

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Motilal Oswal's research report on APL Apollo Tubes

APL Apollo Tubes (APAT) reported a robust operating performance. This was particularly led by strong 27% YoY volume growth and higher Gross Profit/ MT of INR9,639 (up 8% YoY) due to strong demand for structural tubes and higher mix of value-added products. EBITDA/MT remained flat at INR4,823. We retain our FY23E/FY24E earnings as APAT is expected to maintain its growth trajectory on a strong demand outlook.

Outlook

We value the stock at 35x FY24E EPS to arrive at our TP of INR1,270. We reiterate our BUY rating.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More