APL Apollo Tubes Achieves 52-Week High Amid Strong Financial Performance and Market Resilience

APL Apollo Tubes has reached a significant milestone today, hitting a new 52-week high of Rs. 1785. This achievement comes amid a broader market environment where the Sensex opened lower but remains close to its own 52-week high. APL Apollo Tubes has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong technical position.
The company has demonstrated robust financial health, with a remarkable Return on Capital Employed (ROCE) of 26.81% and a low Debt to EBITDA ratio of 0.34 times, showcasing its ability to manage debt effectively. Over the past year, APL Apollo Tubes has achieved an 8.98% return, while its net sales have grown at an impressive annual rate of 22.03%. The latest quarterly results reflect this growth, with net sales reaching Rs. 5,508.60 crore and an operating profit margin of 7.51%.

With high institutional holdings at 48.52%, APL Apollo Tubes stands out as a strong player in the iron and steel products industry, consistently delivering returns and maintaining a solid market position.