Apollo Tricoat Tubes Ltd

₹ 1,060 None%
02 Nov 2022
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 %
  • ROE %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 14.5 times its book value
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022
600 720 830 794
550 677 784 748
Operating Profit 50 43 46 45
OPM % 8% 6% 6% 6%
1 1 1 2
Interest 1 1 1 1
Depreciation 5 5 5 5
Profit before tax 45 37 41 41
Tax % 25% 26% 25% 26%
Net Profit 33 28 31 31
EPS in Rs 5.50 4.56 5.07 5.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 TTM
2,732 2,944
2,523 2,760
Operating Profit 209 184
OPM % 8% 6%
2 4
Interest 5 4
Depreciation 19 20
Profit before tax 187 164
Tax % 25%
Net Profit 140 123
EPS in Rs 22.97 20.18
Dividend Payout % 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Stock Price CAGR
10 Years: %
5 Years: 72%
3 Years: 85%
1 Year: 43%
Return on Equity
10 Years: %
5 Years: %
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Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
12
Reserves 432
49
214
Total Liabilities 707
386
CWIP 9
Investments 1
311
Total Assets 707

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
238
-177
-18
Net Cash Flow 43

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
Debtor Days 5
Inventory Days 13
Days Payable 19
Cash Conversion Cycle -2
Working Capital Days -5
ROCE %

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

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents