APL Apollo Tubes: Best Start Since 2018, Analysts Bullish on Strong Q3 & Growth

• APL Apollo Tubes shares surged over 3% on Friday, extending gains after strong quarterly results, marking its best January start since 2018.
• The company reported robust Q3 results with volumes up to 917 kt and Value Added Products (VAP) contributing 57% to topline.
• APL Apollo Tubes maintains a strong financial position with a net cash balance of ₹560 crore and declining net working capital days.
• Management plans to double capacity to 10 MT by FY2030 and raised EBITDA per tonne guidance to ₹5,500 for FY2027.
• 15 out of 18 analysts recommend a 'buy' rating, reflecting strong market confidence in the stock's future performance.

Why It Matters: APL Apollo Tubes shows strong growth and analyst confidence, driven by robust Q3 results and ambitious expansion plans.