Apollo Tricoat Tubes Ltd
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]
- Market Cap ₹ 5,872 Cr.
- Current Price ₹ 1,060
- High / Low ₹ /
- Stock P/E 47.9
- 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 36.2%
- 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
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% | |
| -0 | 0 | 1 | 0 | -0 | 1 | 7 | 3 | 42 | 105 | 140 | 123 | |
| EPS in Rs | 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: | 41% |
| 5 Years: | 52% |
| 3 Years: | 11% |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 30% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.20 | 0.20 | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 6 | 12 |
| Reserves | 12 | -1 | -1 | -1 | -1 | 1 | 107 | 127 | 193 | 298 | 432 |
| 1 | 6 | 2 | 12 | 16 | 33 | 0 | 56 | 113 | 62 | 49 | |
| 6 | 1 | 6 | 6 | 0 | 2 | 20 | 33 | 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 % | 0% | 16% | 8% | 6% | 14% | 16% | 2% | 26% | 44% | 45% |
Documents
Announcements
-
Effective Date Of The Scheme Of Amalgamation And Arrangement
31 Oct 2022 - Apollo Tricoat Tubes Limited has informed about ''Effective Date'' of the Scheme of amalgamation and arrangement
- Revised Intimation Of ''Record Date' On November 4, 2022 21 Oct 2022
- Corporate Action- Fixes Records Date In The Matter Of Scheme Of Amalgamation And Arrangement 21 Oct 2022
- Receipt Of Certified True Copy Of The NCLT Order In The Matter Of Scheme Of Amalgamation And Arrangement 21 Oct 2022
- Pronouncement Of The Final Order By The Hon''ble NCLT In The Matter Of Scheme Of Amalgamation And Arrangement 15 Oct 2022
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:-