Apollo Tricoat Tubes Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 3,500 Cr.
  • Current Price 1,151
  • High / Low 1,235 / 270
  • Stock P/E 42.8
  • Book Value 76.4
  • Dividend Yield 0.00 %
  • ROCE 26.5 %
  • ROE 26.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 171.58% CAGR over last 5 years
  • Debtor days have improved from 37.28 to 20.88 days.

Cons

  • Stock is trading at 15.07 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
3 3 1 1 5 52 154 229 229 171 330 503
3 3 0 0 4 46 138 201 205 153 293 446
Operating Profit 0 -0 0 0 0 6 15 28 24 18 37 57
OPM % 10% -14% 80% 76% 4% 12% 10% 12% 11% 11% 11% 11%
Other Income 0 2 0 0 1 0 0 0 1 0 1 0
Interest 0 0 0 0 0 0 1 2 3 3 2 3
Depreciation 0 0 0 0 0 1 2 3 4 4 4 4
Profit before tax 0 2 1 1 1 5 13 24 18 12 32 51
Tax % -256% 24% 27% 9% 67% 27% 27% 23% 37% 25% 26% 25%
Net Profit 1 1 0 0 0 4 9 18 11 9 24 38
EPS in Rs 0.35 0.45 0.18 0.18 0.06 1.23 3.10 5.93 3.66 2.95 7.83 12.46

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
7 0 50 60 17 61 191 7 663 1,234
5 7 49 60 16 58 179 7 589 1,097
Operating Profit 1 -7 1 1 0 3 12 -0 74 137
OPM % 18% 1% 1% 1% 6% 6% -0% 11% 11%
Other Income 0 7 0 1 1 1 0 4 1 2
Interest 1 0 0 1 1 2 2 0 6 11
Depreciation 0 0 0 0 0 0 0 0 10 16
Profit before tax -0 0 1 0 0 2 10 4 59 112
Tax % 0% 0% 27% -189% 100% 37% 29% 28% 29%
Net Profit -0 0 1 0 -0 1 7 3 42 82
EPS in Rs -2.00 0.40 0.29 0.15 -0.01 0.78 2.72 0.96 13.90 26.90
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:62%
3 Years:121%
TTM:181%
Compounded Profit Growth
10 Years:%
5 Years:172%
3 Years:208%
TTM:161%
Stock Price CAGR
10 Years:%
5 Years:127%
3 Years:99%
1 Year:293%
Return on Equity
10 Years:%
5 Years:16%
3 Years:16%
Last Year:26%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
0 0 4 4 4 4 5 6 6 6
Reserves -1 -1 -1 -1 -1 1 93 119 193 226
Borrowings 1 6 2 12 16 33 0 56 113 59
18 1 6 6 0 2 35 41 144 148
Total Liabilities 19 6 10 21 19 39 133 222 456 439
0 0 0 0 15 25 25 95 302 311
CWIP 0 0 0 0 0 0 7 60 1 16
Investments 2 2 1 0 0 0 0 0 0 0
16 4 10 21 4 15 101 67 153 111
Total Assets 19 6 10 21 19 39 133 222 456 439

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 1 -10 0 -8 -54 48 83
7 0 1 0 -10 -7 -128 -145
-8 -1 9 0 19 67 73 67
Net Cash Flow -0 0 -0 0 1 7 -8 5

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 2% 16% 8% 6% 14% 17% 3% 26%
Debtor Days 226 55 98 46 15 13 78 21
Inventory Turnover 2.00 186.19 210.19 442.89 1.48 12.93

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
25.54 55.01 55.01 49.18 61.37 63.90 62.76 61.77 62.53 62.56 62.56 62.54
0.46 0.53 0.53 0.41 0.38 0.40 0.53 4.04 4.22 4.25 3.39 1.04
0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.65 1.85 1.75 1.44 1.55
74.00 44.45 44.46 50.41 38.25 35.70 36.71 32.54 31.40 31.44 32.61 34.87

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