APL Apollo Tubes Sees Revision in Stock Evaluation Amid Strong Fundamentals and Growth Indicators

APL Apollo Tubes, a prominent player in the Steel/Sponge Iron/Pig Iron industry, has recently experienced a revision in its stock evaluation by MarketsMOJO. The adjustment reflects the company's robust long-term fundamentals, highlighted by an impressive average Return on Capital Employed (ROCE) of 25.30%. Additionally, APL Apollo Tubes has demonstrated healthy growth, with net sales increasing at an annual rate of 20.50% and operating profit rising by 23.27%.
Despite facing challenges, including a significant decline in profit after tax for the quarter ending September 2024, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.82 times. The stock's technical indicators have also shown improvement, transitioning from a Mildly Bearish to a Mildly Bullish range.

Moreover, APL Apollo Tubes has high institutional holdings at 47.83%, indicating confidence from larger investors who possess the resources to analyze the company's fundamentals effectively. This stock has been added to MarketsMOJO's list, reflecting its potential amidst the current market dynamics.