APL Apollo Tubes - Growing Applications, Paving Way For A Growth Phase: Motilal Oswal
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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:
growing usage of structural tubes as a replacement to reinforced cement concrete,
first-mover advantage by installing direct forming technology in India, and
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.
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