By Kigakinos - 03.02.2020
Apollo apl tubes
APL Apollo Tubes Ltd., incorporated in the year , is a Mid Cap company (having a market cap of Rs Crore) operating in Metals - Ferrous sector. APL. APL Apollo Tubes Limited (APL Apollo) is one of India's leading manufacturers of branded steel products. APL Apollo's multi-product offerings include over
These strengths are partially offset by exposure to intense competition, and volatility in raw material prices.
Operating performance in fiscal is likely to be impacted following measures taken by various state governments as well as central government towards containment of COVID which includes temporary closure of non-critical establishments, inter-state transportation etc.
Since these measures are imposed at a broader level and across sectors, they are expected to impact the business profile of the apollo apl tubes in terms of temporary closure of production facility and closure of establishments apollo apl tubes dealer-distributors-retailers.
APL Apollo Tubes Ltd
Accordingly, working capital is also expected to be elongated temporarily as a result of the apollo apl tubes leading to pile up of inventory and slower realization of debtors. However, the same is expected to retract to normal levels once the economic activity apollo apl tubes normalcy later in Source Any disruption https://tovar-id.ru/account/create-apple-developer-account-2020.html operations, however, will be supported by apollo apl tubes company's healthy financial risk profile.
Liquidity apollo apl tubes also healthy with sufficient cushion available on fund based limits of Rs crore.
This is because the entities are in the same business, share common brand, apollo apl tubes benefit from central sourcing policy. They also have fungible cash flow among them. Also, APL Apollo has guaranteed entire debt of these entities.
Apollo apl tubes refer Annexure - List of Entities Consolidated, which captures the list of entities considered and their analytical treatment of consolidation.
Apl Apollo Tubes Employee Reviews
Company has plants across the northern, southern, eastern and western regions. Large scale enables the company to enjoy economies of scale in procuring raw material.
Also, it has better fixed cost absorption and is the price leader in the industry. Furthermore, the company has gradually reduced dependence on traditional segments such as irrigation and apollo apl tubes focus on segments automobiles that have better margins.
Apl Apollo Tubes Ltd
Business risk profile also benefits from geographical apollo apl tubes and product mix, thereby safeguarding against cyclicality and event-based risks and leading to the highest operating profit per tonne among ERW apollo apl tubes manufacturers.
Debt protection metrics are comfortable, with interest apollo apl tubes and net cash accrual to total debt ratios of 4. Working capital cycle is moderate, with gross apollo apl tubes assets of days. Financial risk profile is expected to continue to improve over the medium term apollo apl tubes the absence of any further large capex.Nitin Arora and Sophie Choudry get together for #SteelForGreen - Part 1
Apollo apl tubes industry is largely unorganized with few large organized players. Low margin, however, insulates the industry from imports.
Hence, margins are susceptible to fluctuations in prices of steel Hot rolled coil as can be seen in inventory loss of Rs 41 crores in Q3 fiscal with margins dropping 3.
APL Apollo Tubes Ltd Stock Price
Monthly pricing mechanism followed by the apollo apl tubes and prudent working apollo apl tubes management is expected to safeguard against apollo apl tubes significant price movements.
Liquidity Strong APL Apollo has strong liquidity driven by expected cash accruals of more than Rs crore per annum in fiscal 21 and fiscal 22 as against term debt obligations of around Rs crore per annum.Apollo Fencing Solution
APL Apollo also has capex plan of Rs crore per annum to be apollo apl tubes partially through debt and rest through internal accruals. CRISIL expects internal accruals, and unutilized bank lines to be sufficient to meet its repayment obligations as well as incremental working capital apollo apl tubes.
Distribution network is spread across India, apollo apl tubes warehouse-cum-branch offices in 20 cities and a portfolio of apollo apl tubes products. For the 9 months ended Decemberthe company reported a PAT of Rs crore on operating income of Rs 5, crore, as against a PAT of Rs 87 apollo apl tubes on operating income of Rs just click for source, crore for the same period of previous fiscal.
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