Top Conviction Ideas - “Metals & Mining”
EBITDA stood at Rs 10,176 Cr (up 6%/28% YoY/QoQ), exceeding our pre-Novelis results estimate of Rs 8,970 Cr, led by strong upstream aluminium and...
28 Views
APL Apollo Tubes - Strong Margins Despite Disruptions
Despite late-quarter disruptions (war impact, energy shortages, destocking), the company delivered ~Rs 5,500+/t EBITDA, driven by strong brand...
96 Views
APL Apollo Tubes (Initiating Coverage): The Flywheel Keeps Spinning. ADD
We initiate coverage on APL Apollo Tubes Ltd (APAT) with an ADD rating and a 12‑month target price of INR 2,070 (35x FY28E adj EPS)
103 Views
PICK OF THE WEEK: APL Apollo Tubes Ltd - 21st March, 2026
APL Apollo Tubes Limited is India’s largest structural steel tube manufacturer, with an existing production capacity of approximately 5 mtpa.
113 Views
APL Apollo Tubes: Next Growth Drivers ~ Solar, PEB, and Urban Infrastructure
​Apl Apollo Tubes dominates India's structural tubes market with 55% share, focusing on high-margin products and aiming for Net Zero emissions. Key...
222 Views