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Balance sheet of APL Apollo Tubes is strong.
But short term working capital might become an issue for this company.
Yes, The debt of APL Apollo Tubes is increasing.
Latest debt of APL Apollo Tubes is ₹799 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹430 Crs.
The profit is oscillating.
The profit of APL Apollo Tubes is ₹634 Crs for TTM, ₹732 Crs for Mar 2024 and ₹642 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
APL Apollo Tubes latest dividend payout ratio is 20.84% and 3yr average dividend payout ratio is 18.87%
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Short Term Loans & Advances