Apollo Tricoat Tubes Ltd

₹ 1,060 0.00%
02 Nov - close price
About

Headquartered in New Delhi, India, Apollo TriCoat is part of the APL Apollo Group. What makes Apollo different is its unusual approach to the business. The Company is not into conventional products, and remains focused on absorbing contemporary technology from various geographies to manufacture new-age products, which are often the first to be introduced to India. [1]

Key Points

Acquisition by APL Apollo Tubes
In June 2019, APL Apollo Tubes Ltd (NSE: APLAPOLLO) [1], through its wholly owned subsidiary Shri Lakshmi Metal Udyog Ltd acquired a majority stake in the company and became the new parent. It is one of leading branded steel tube manufacturers in the domestic market of India. [2]

The business is divided into 4 major brands:-

  • Market Cap 6,443 Cr.
  • Current Price 1,060
  • High / Low 1,115 / 650
  • Stock P/E 52.5
  • Book Value 73.0
  • Dividend Yield 0.00 %
  • ROCE 44.7 %
  • ROE 37.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 150% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.4%
  • Company's median sales growth is 85.5% of last 10 years

Cons

  • Stock is trading at 14.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last 3 years: -6.94%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
52 154 229 229 171 330 503 468 582 600 720 830 794
46 138 201 205 153 293 446 417 512 550 677 784 748
Operating Profit 6 15 28 24 18 37 57 51 70 50 43 46 45
OPM % 12% 10% 12% 11% 11% 11% 11% 11% 12% 8% 6% 6% 6%
0 0 0 1 0 1 0 0 0 1 1 1 2
Interest 0 1 2 3 3 2 3 2 2 1 1 1 1
Depreciation 1 2 3 4 4 4 4 5 4 5 5 5 5
Profit before tax 5 13 24 18 12 32 51 45 64 45 37 41 41
Tax % 27% 27% 23% 37% 25% 26% 25% 23% 25% 25% 26% 25% 26%
Net Profit 4 9 18 11 9 24 38 34 48 33 28 31 31
EPS in Rs 0.62 1.55 2.96 1.83 1.47 3.92 6.23 5.65 7.84 5.50 4.56 5.07 5.05
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
7 0 50 60 17 61 191 7 663 1,473 2,732 2,944
5 7 49 60 16 58 179 7 589 1,309 2,523 2,760
Operating Profit 1 -7 1 1 0 3 12 -0 74 164 209 184
OPM % 18% 1% 1% 1% 6% 6% -0% 11% 11% 8% 6%
0 7 0 1 1 1 0 4 1 2 2 4
Interest 1 0 0 1 1 2 2 0 6 10 5 4
Depreciation 0 0 0 0 0 0 0 0 10 17 19 20
Profit before tax -0 0 1 0 0 2 10 4 59 139 187 164
Tax % 0% 0% 27% -189% 100% 37% 29% 28% 29% 25% 25%
Net Profit -0 0 1 0 -0 1 7 3 42 105 140 123
EPS in Rs -1.00 0.20 0.14 0.07 -0.00 0.39 1.36 0.48 6.95 17.27 22.97 20.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 83%
5 Years: 114%
3 Years: 625%
TTM: 56%
Compounded Profit Growth
10 Years: 93%
5 Years: 150%
3 Years: 275%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: 81%
3 Years: 99%
1 Year: 40%
Return on Equity
10 Years: %
5 Years: 31%
3 Years: 36%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 0 4 4 4 4 5 6 6 6 12
Reserves -1 -1 -1 -1 -1 1 93 119 193 298 432
1 6 2 12 16 33 0 56 113 62 49
18 1 6 6 0 2 35 41 143 90 214
Total Liabilities 19 6 10 21 19 39 133 222 455 456 707
0 0 0 0 15 25 25 95 302 337 386
CWIP 0 0 0 0 0 0 7 60 1 12 9
Investments 2 2 1 0 0 0 0 0 0 0 1
16 4 10 21 4 15 101 67 152 107 311
Total Assets 19 6 10 21 19 39 133 222 455 456 707

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 1 -10 0 -8 -54 48 63 115 238
7 0 1 0 -10 -7 -128 -134 -50 -177
-8 -1 9 0 19 67 73 76 -60 -18
Net Cash Flow -0 0 -0 0 1 7 -8 5 5 43

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 226 55 98 46 15 13 78 21 3 5
Inventory Days 408 0 4 0 0 2 454 52 20 13
Days Payable 359 42 1 22 76 10 19
Cash Conversion Cycle 275 17 98 46 15 14 510 -3 12 -2
Working Capital Days 594 27 90 82 60 76 61 4 9 -5
ROCE % 2% 16% 8% 6% 14% 17% 3% 26% 44% 45%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
61.77 62.53 62.56 62.56 62.54 55.82 55.82 55.82 55.82 55.82 55.82 55.82
4.04 4.22 4.25 3.39 1.04 1.54 1.79 1.82 2.07 2.03 2.29 2.39
1.65 1.85 1.75 1.44 1.55 1.58 1.44 1.43 1.52 1.68 2.14 2.42
32.54 31.40 31.44 32.61 34.87 41.06 40.95 40.93 40.59 40.47 39.75 39.37

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