You’ve come to the right spot if you’re interested in the future share price targets of APL Apollo Tubes Ltd. But before we get into the nitty-gritty of stock predictions, let’s take a step back and learn more about the company itself, as well as some important technical details.
About APL Apollo Tubes Ltd.
APL Apollo Tubes Ltd. is a leading manufacturer of steel pipes and tubes in India. The company was founded in 1986 and has since grown to become one of the largest producers of steel pipes in the country. APL Apollo Tubes Ltd. has a wide range of products including black pipes, galvanized pipes, pre-galvanized pipes, hollow sections, and scaffolding pipes.
The company has a strong focus on innovation and has introduced several new products to the market over the years. APL Apollo Tubes Ltd. has a strong presence in both domestic and international markets and has won several awards for its quality and innovation.
Fundamentals of APL Apollo Tubes Ltd.
Let’s look at the fundamentals of APL Apollo Tubes, based on which we can get a clear understanding of the expertise in the Steel & Iron Products sector.
- Current Market Cap: The current market cap of APL Apollo Tubes as of 3/11/2023, is ₹ 33,059.22
- P/E Ratio: The current price-to-earning ratio of APL Apollo Tubes is 77.75
- Sales Growth: Sales growth in last 1 year for APL Apollo Tubes is 53.69 %
- Profit Growth: Profit growth is around 51.82 % in last 1 year
APL Apollo Tubes Ltd. Share Price Target Details
We have done a complete analysis of APL Apollo Tubes and have come up with its share price targets for upcoming years.
APL Apollo Tubes’s Current Share Price is ₹1,192
Note: These price targets of “APL Apollo Tubes” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition are not covered in this analysis.
| Year | APL Apollo Tubes Share Price Targets (₹) |
|---|---|
2023 | 1502 |
2024 | 1657 |
2025 | 1812 |
2026 | 1967 |
2027 | 2122 |
2028 | 2277 |
2029 | 2432 |
2030 | 2587 |
APL Apollo Tubes share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of APL Apollo Tubes for the year 2023 will be ₹1502
APL Apollo Tubes share price target 2024
The target share price of APL Apollo Tubes for the year 2024 will be ₹1657
APL Apollo Tubes share price target 2025
The target share price of APL Apollo Tubes for the year 2025 will be ₹1812
APL Apollo Tubes share price target 2026
The target price of APL Apollo Tubes for the year 2026 will be ₹1967
APL Apollo Tubes share price target 2027 to 2030
The target share price of APL Apollo Tubes for the years 2027, 2028, 2029, and 2030 will be ₹2122, ₹2277, ₹2432, and ₹2587 respectively.
Technical Analysis of APL Apollo Tubes Ltd.
- Current Price: ₹ 1,578 as of 22 Sep 2023
52-Week High and Low
- 52-Week High: ₹ 1,806
- 52-Week Low: ₹ 988
Bullish Targets
- Initial Target: ₹ 1,650
- Reason: The stock has shown a strong support level at ₹ 1,500. A break above this could easily see it move to ₹ 1,650.
- Intermediate Target: ₹ 1,750
- Reason: The next resistance level is at ₹ 1,750, which aligns with Fibonacci retracement levels.
- Advanced Target: ₹ 1,800
- Reason: This is close to its 52-week high and will act as a strong psychological resistance level.
Bearish Targets
- Initial Target: ₹ 1,450
- Reason: The stock has a minor support level at ₹ 1,450, breaking which could trigger a bearish trend.
- Intermediate Target: ₹ 1,300
- Reason: The stock has another support level at ₹ 1,300, which if broken could lead to further downside.
- Advanced Target: ₹ 1,200
- Reason: This is a strong support level, and breaking this could indicate a long-term bearish trend.
Line Chart: 52-Week High, Low, and Current Stock Price
Bar Chart: Quarterly Revenue
Quarterly Revenue Results
| Quarter | Revenue (in Rs. Crores) |
|---|---|
| Jun 2023 | 4545 |
| Mar 2023 | 4431 |
| Dec 2022 | 4327 |
| Sep 2022 | 3969 |
Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | ₹ 43,770 Cr. |
| Stock P/E | 61.2 |
| Book Value | ₹ 108 |
| Dividend Yield | 0.32% |
| ROCE | 26.9% |
| ROE | 23.5% |
Conclusion
Based on the technical analysis, APL Apollo Tubes Ltd. has a current stock price of ₹ 1,578, with a 52-week high and low of ₹ 1,806 and ₹ 988, respectively. The quarterly revenue has shown consistent growth, and key financial metrics like ROCE and ROE are strong. The stock has well-defined support at ₹ 1,200 and resistance at ₹ 1,800, which are crucial for setting bullish and bearish targets. The company’s strong financials and consistent growth make it a promising candidate for long-term investment. The identified targets provide a roadmap for potential price movements, making it easier for investors to make informed decisions.
In my opinion, considering the robust financials and technical indicators, the stock appears to be a good long-term investment.
