9 Key Insights for Swing Trading in APL Apollo Tubes Ltd (APLAPOLLO)
APL Apollo Tubes Ltd (APLAPOLLO) presents a strong opportunity for a swing trading. As we know, swing trading has the potential for higher returns per trade, and unlike day trading, it does not require constant market monitoring throughout the day, making it ideal for everyone.
About the company
Market Cap – ₹ 47,111 Cr.
APL Apollo Tubes Ltd. is a leading manufacturer of branded steel products in India. Headquartered in Delhi NCR, the company operates 10 manufacturing plants and offers a wide range of over 1,500 steel product variants including MS Black Pipes, Galvanized Tubes, Pre-Galvanized Tubes, ERW Structural Steel Tubes, and Hollow Sections. These products cater to sectors such as urban infrastructure, housing, irrigation, solar power, greenhouses, and engineering applications.
Key Highlights
1. Product Portfolio (FY24 Revenue Mix):
- Apollo Structural: 68%
- Apollo Z: 28%
- Apollo Galv: 4%
APL Apollo continues to de-commoditize its offerings, focusing on differentiated and value-added steel products.
2. Product Applications
APL Apollo’s steel tubes and structural products are widely used in:
- Buildings & Skyscrapers
- Residential Housing
- Warehouses & Factories
- Infrastructure & Commercial Projects
- Industrial and Agricultural Solutions
The company is the only global player offering steel tubes ranging from 10x10mm to 1000x1000mm in size and 0.23mm to 40mm in thickness. As of FY24, APL Apollo holds 16 registered patents.
3. Market Leadership
- Current Domestic Market Share: 50% (vs 27% in FY16)
- Target Market Share (by 2025): 60%
APL Apollo dominates the steel construction pipe segment in India.
4. Focus on Value-Added Products (VAP)
- VAP Share in FY24: 58% of sales (vs 56% in FY23)
- Contribution of Building Materials & Infrastructure to Revenue: 97%
The company is strategically expanding its VAP portfolio to drive growth and margins.
5. Innovations from Raipur Facility
APL Apollo has pioneered several industry-firsts:
- World’s first thick color-coated steel tubes
- World’s first color-coated structural steel tubes
- India’s first 500x500mm structural steel tubes
- India’s first and world’s second 1000x1000mm structural tubes
- India’s first CRCA black annealed tube
- India’s first AluZinc-coated steel tubes
6. Project Pipeline & Execution
APL Apollo’s products are used across a wide range of infrastructure and institutional projects, including:
- Hospitals
- Educational Institutions
- Residential & Commercial Buildings
- Railway Stations
- Airports
7. As of FY24, the company is actively engaged in 45 project inquiries, representing a total project area of 42 million sq. ft.
8. Subsidiaries: By the end of FY24, the company’s business structure included 7 subsidiaries, reflecting its diversified operations.
9. Capex: Over the past 4 years, the company has allocated around ₹2,370 crore towards capacity expansion, highlighting its strong focus on scaling up operations and future growth.
Daily Chart
Entry Price : around 1680-1700
SL Price : If price sustain around 1500, Exit .
Target Price : T1- 2000, T2- 2200, Exit when price comes near this labels.
Duration : 6-7 months
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