Apollo Tricoat Tubes Ltd(Merged)
Apollo Tricoat Tubes Ltd(Merged)
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Key Insights
Strengths
5- 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
Weaknesses
2- Stock is trading at 14.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Quarterly Results
| Particulars | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 52 | 154 | 229 | 229 | 171 | 330 | 503 | 468 | 582 | 600 | 720 | 830 | 794 |
| Expenses | 46 | 138 | 201 | 205 | 153 | 293 | 446 | 417 | 512 | 550 | 677 | 784 | 748 |
| Operating Profit | 6 | 15 | 28 | 24 | 18 | 37 | 57 | 51 | 70 | 50 | 43 | 46 | 45 |
| OPM % | 12% | 10% | 12% | 11% | 11% | 11% | 11% | 11% | 12% | 8% | 6% | 6% | 6% |
| Other Income | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 2 |
| Interest | 0 | 1 | 2 | 3 | 3 | 2 | 3 | 2 | 2 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 2 | 3 | 4 | 4 | 4 | 4 | 5 | 4 | 5 | 5 | 5 | 5 |
| PBT | 5 | 13 | 24 | 18 | 12 | 32 | 51 | 45 | 64 | 45 | 37 | 41 | 41 |
| Tax % | 27% | 27% | 23% | 37% | 25% | 26% | 25% | 23% | 25% | 25% | 26% | 25% | 26% |
| Net Profit | 4 | 9 | 18 | 11 | 9 | 24 | 38 | 34 | 48 | 33 | 28 | 31 | 31 |
| EPS in Rs | 0.62 | 1.55 | 2.96 | 1.83 | 1.47 | 3.92 | 6.23 | 5.65 | 7.84 | 5.5 | 4.56 | 5.07 | 5.05 |
Profit & Loss
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 0 | 50 | 60 | 17 | 61 | 191 | 7 | 663 | 1,473 | 2,732 | 2,944 |
| Expenses | 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% | — | 1.3% | 1.1% | 1.1% | 6% | 6% | -0.4% | 11% | 11% | 8% | 6% |
| Other Income | 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 |
| PBT | 0 | 0 | 1 | 0 | 0 | 2 | 10 | 4 | 59 | 139 | 187 | 164 |
| Tax % | 0% | 0% | 27% | -189% | 100% | 37% | 29% | 28% | 29% | 25% | 25% | — |
| Net Profit | 0 | 0 | 1 | 0 | 0 | 1 | 7 | 3 | 42 | 105 | 140 | 123 |
| EPS in Rs | — | — | 0.14 | 0.07 | 0 | 0.39 | 1.36 | 0.48 | 6.95 | 17.27 | 22.97 | 20.18 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.2 | 0.2 | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 6 | 12 |
| Reserves | 12 | -1 | -1 | -1 | -1 | 1 | 107 | 127 | 193 | 298 | 432 |
| Borrowings | 1 | 6 | 2 | 12 | 16 | 33 | 0 | 56 | 113 | 62 | 49 |
| Other Liabilities | 6 | 1 | 6 | 6 | 0 | 2 | 20 | 33 | 143 | 90 | 214 |
| Total Liabilities | 19 | 6 | 10 | 21 | 19 | 39 | 133 | 222 | 455 | 456 | 707 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
| Particulars | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 2 | 1 | -10 | 0 | -8 | -54 | 48 | 63 | 115 | 238 |
| Investing | — | 7 | 0 | 1 | 0 | -10 | -7 | -128 | -134 | -50 | -177 |
| Financing | — | -8 | -1 | 9 | 0 | 19 | 67 | 73 | 76 | -60 | -18 |
| Net Cash Flow | — | 0 | 0 | 0 | 0 | 1 | 7 | -8 | 5 | 5 | 43 |
| Free Cash Flow | — | 2 | 1 | -10 | 0 | -18 | -61 | -82 | -71 | 65 | 175 |
| CFO/OP | — | -25 | 122 | -1,560 | 0 | -228 | -437 | -1,63,767 | 97 | 88 | 117 |
Ratios
| Particulars | 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 | 527 | — | 27 | 64 | -21 | 60 | 76 | -1,236 | 1 | 6 | -6 |
| ROCE % | — | 0% | 16% | 8% | 6% | 14% | 16% | 2% | 26% | 44% | 45% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY14–FY22.
Documents
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Company Information
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]
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