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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
APL Apollo Tubes Limited is a producer of structural steel tubes in India. It is engaged in the business of producing electric resistance welded (ERW) steel tubes. Its multi-product offerings include over 3000 varieties of pre-galvanized tubes, structural steel tubes,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history.
APL Apollo Tubes is scored on the commodity / cyclical framework. It keeps a slim 5.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.75× reported profit. Free cash flow is worth about 1.2% of its market value.
Over the last 3 years revenue compounded at 13%/yr and profit at 23%/yr. Book value itself has compounded 21%/yr — the hallmark of a genuine compounder. Return on equity is an elite 22.8%. In the latest quarter profit grew 45% versus the prior quarter.
At 50× earnings, the stock sits at the 17th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price already implies ~20%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 46.33 | 21.11 | worse |
| P/B | 10.57 | 2.12 | worse |
| EV/EBITDA | 28.75 | 8.94 | worse |
| ROE | 22.82 | 18.05 | better |
| ROCE | 27.17 | 11.11 | better |
| ROA | 13.17 | 3.13 | better |
| Quick Ratio | 0.84 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 13% CAGR over 3 years — steady double-digit compounder.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (23% vs 13%) — margin expansion is at work. The latest year saw a +59% swing — check if it's a one-off or structural.
Operating margins have been stable around 7% — no major structural shift.
ROE at 23% — the business earns well above its cost of equity. High ROE despite single-digit margins — an asset-turn play with high capital velocity.
EPS has grown every year — each share earns more than the last, consistently. 23% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.7× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 25% sequentially — momentum is building.
Profit jumped 45% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold just 28.2% — widely held; sentiment-driven. MF holding up 2.2pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.