Reasons for buying:
Market Cap: ₹26,104.26 Cr
Debt to Equity: 0.31
Return on Equity 5Y Avg: 22.07%
EPS - 5Y Growth: 30.08%
Price-earnings to growth (5Y): 1.46
5Y RoE Consistency - Sustained without losing 20% in any year
Buy date: 26-Apr-2022
Qty: 9 Buy Price: ₹1,050.80 Buy EPS: 20.51 Buy PE: 51.23
Will continue to add when a stock falls 10% as long as the ratios remain the same. High PE stock will take years to make money for me.
APL Apollo Tubes is a steel pipe and tubes manufacturer. Its product consists of MS Black pipes, Galvanized Tubes, Pre-Galvanized Tubes, and Hallow sections used for structural application household structural applications, solar plants and agriculture structures, engineering, and greenhouses. It operates in a single segment that is the production of ERW steel tubes. Geographically, It operates only in India.
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