Stock Name : Apollo TriCoat Tubes Limited/Tips Open Buy : 677 Posted Date : Oct 28, 2020
Stopless/Horizon : 643.34 Target : 778 Results Achieved (Yes/No) :

Overview: Apollo TriCoat Tubes limited was established in 1983, it is a Small Cap company with a market capital of Rs 2008.22 Crore.

About the company: Earlier known as Best Steel Logistics, Apollo TriCoat Tubes became a part of India’s manufacturer of Tubes and Pipes, Sudesh Group of Companiesin 2018 (SG group has a manufacturing capacity of 2 million tons per annum, its marketed under the brand name of APL Apollo).

Fiscal 2020 was the first year of operations under theSG group’s leadership (earlier,the company’s operations were discontinued in fiscal 2019). Operations ramped up at a healthy pace with company recording revenues of Rs 435 crore, at a healthy operating margin of 11.6% for 9 months ending December 2019.

ATTL benefits from its parent, APL Apollo in various verticals including operational, technological, and financial support. Moreover, Apollo TriCoat also benefits from the strong distributer network and established brand of APL Apollo.

ATTL’s headquarters is located in New Delhi, and the company has its manufacturing facility in Malur Industrial Area, Bengaluru (total capacity of 50,000 tons).

Apollo Tricoat pioneers the launch of following products in India: (1) Triple coated In-line Galvanizing tubes, (2) Designer Galvanized tubes (Signature and Elegant), (3) Hybrid tubes (ILG + PVC) and (4) Narrow Sections.

Brands:Apollo Chaukhat, Apollo Elegant, Apollo Signature, Apollo Plank and Apollo Wondoor.

Management: Mr. Rahul Gupta is the Managing Director of the company.

Shareholding Pattern (As on 30-09-2020):
• Promoters: 62.56
• Foreign Institutions: 3.39
• NBFC and Mutual Funds : 1.39
• Others: 8.12
• General Public: 24.49
• Financial Institutions: 0.05

Key Product: The company’s key product is Steel & Steel Products, it contributed Rs 637.12 Crore to Sales Value, which accounts 96.05 % of the company’s total sales the year ending 31-Mar-2020.

Sales Report:For the quarter ended on 30th September 2020, Apollo TriCoat has posted a Standalone saleof Rs 330.48 Crore, which is up by 93.28 % from last quarter Sales of Rs 170.99 Crore and up by 115.09 % from previous year’s corresponding quarter’s Sales of Rs 153.65 Crore. Apollo TriCoat posted net profit after tax of Rs 23.81 Crore in latest quarter.

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