Mehabe score: 7 G Factor: 6 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 6 and Piotski score of 8.
Description
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.
Main Points
Acquisition by APl Apollo Tubes
In June 2019, APL Apollo Tubes Ltd (NSE: APLAPOLLO) #, 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.Site:538566Main Symbol:APOLLOTRI
Stock trades at 1627.0, above its 50dma 1468.39. It also trades above its 200dma 1117.75. The stock remains bullish on techicals
The 52 week high is at 1728.25 and the 52week low is at 484.70
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 537.18% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 28.54%
Weakness
– Stock is trading at 16.25 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
Competition
– The industry trades at a mean P/E of 15.5x. Ratnamani Metals trades at the industry’s max P/E of 36.69x. 538566 trades at a P/E of 34.4x
– Industry’s mean G-Factor is 6.0 while the mean Piotski score is 8.0. 538566 has a G-Factor of 6 and Piotski scoreof 8.
– Average 1 month return for industry is 4.3%. The max 1- month return was given by Sarda Energy: a return of 21.03 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 582.0 cr compared to Rs 171.0 cr for period ended Jun 2020, a rise of 240.4%
Operating Profits reported at Rs 70.0 cr for period ended Jun 2021 vis-vis 18.0 for period ended Jun 2020 .
Operating Margins expanded 150.1 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 15.69 compared to Rs 11.3 for previous quarter ended Mar 2021 and Rs 2.95 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 1883.0 cr for period ended TTM vis-vis sales of Rs 1473.0 cr for the period ended Mar 2021, a healthy growth of 21.8%. The 3 year sales cagr stood at 545.5%.
Net Profit reported at Rs 144.0 cr for period ended TTM vis-vis sales of Rs 105.0 cr for the period ended Mar 2021, rising 27.1%.
Company recorded a healthy Net Profit CAGR of 263.4% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 115.0 cr for period ended Mar 2021 vis-vis Rs 83.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 42.0% compared to 29.0% over the last 3 Years. – The stock has given a return of 228% on a 1 Year basis vis-vis a return of 121% over the last 3 Years. – The compounded sales growth on a TTM bassis is 141% vis-vis a compounded sales growth of 98% over the last 3 Years. – The compounded profit growth on a TTM basis is 202% vis-vis a compounded profit growth of 147% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 1.79% vis-vis 1.54% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 40.95% vis-vis 41.06% for Mar 2021
Conclusion
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 537.18% CAGR over last 5 years
– has a good return on equity (ROE) track record: 3 Years ROE 28.54% – Stock is trading at 16.25 times its book value
-Though the company is reporting repeated profits, it is not paying out dividend
