APL Apollo: 10x rise in five years

APL Apollo Tubes , a structural steel pipe (used as construction material) manufacturer, has been on a dream run. The stock has multiplied more than ten times in the last five years. This rally is no happenstance. The company's financial performance has been in line with its rising share price. In the last five years, it has grown its sales and net profit annually by 24.8 and 32.3 per cent, respectively. Its capital efficiency has also remained impressive, with a five-year median ROE of 23.5 per cent. Revenue and profit have scaled remarkably A significant bump can be seen in FY22 Year Revenue (Rs cr) PAT (Rs cr) ROE (%) FY18 5335 158 20.7 FY19 7152 148 16.6 FY20 7723 238 22.2 FY21 8500 360 26.8 FY22