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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

<div class="paragraphs"><p>Aluminum pipes are arranged for a photograph. (Photographer: Tomohiro Ohsumi/Bloomberg).</p></div>
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:

Motilal Oswal APL Apollo Tubes Company Update.pdf

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