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This Article is From Oct 14, 2021

APL Apollo Tubes - Growing Applications, Paving Way For A Growth Phase: Motilal Oswal

APL Apollo Tubes - Growing Applications, Paving Way For A Growth Phase: Motilal Oswal
Aluminum pipes are arranged for a photograph. (Photographer: Tomohiro Ohsumi/Bloomberg).

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

We analysed the shifting trends in the structural tube industry, driven by growing consumption of steel tubes in construction projects, coupled with growing acceptance and increasing applications of steel tubes.

Key drivers of APT Apollo Tubes Ltd.'s performance include:

  1. growing usage of structural tubes as a replacement to reinforced cement concrete,

  2. first-mover advantage by installing direct forming technology in India, and

  3. leadership position to help benefit from this shift.

Further several cost-control measures, kicking-in of operating leverage, and growing share of value added products is expected to lead to APL Apollo Tubes' improved margin and higher cash generation.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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