Apollo TriCoat Tubes | Let’s know more about it

Apollo TriCoat Tubes is India’s leading steel pipe and tube manufacturer. Apollo TriCoat is part of the APL Apollo Group.

History of Apollo TriCoat Tubes

Apollo TriCoat Tubes born in Apr 2018. It was before Best Steel Logistics.

Shri Lakshmi Metal Udyog Limited (SLMUL), a wholly-owned subsidiary of APL Apollo Tubes acquired a 40.4% (diluted basis) stake of Apollo TriCoat in Oct 2018.

In Jan 2019 through open offer and market purchases, SLMUL again acquired ~10.2% of Apollo TriCoat stakes. Now it owns a total of ~50.6% stake in Apollo TriCoat.

Headquarter

Apollo TriCoat Tubes headquarters are located in New Delhi, India.

Products

The versatile products of the company have a wide array of applications – from greenhouse tubing to rooftop sheds and electrical conduitswhere triple coated technology is being used. The Company is also setting up two production lines at its greenfield facility at Dadri, Uttar Pradesh for manufacturing narrow sections and door frames.

Brands

Here are the brands under Apollo TriCoat Tubes.

Apollo TriCoat Tubes
Apollo TriCoat Tubes
Apollo TriCoat Tubes
Apollo TriCoat Tubes
Apollo TriCoat Tubes

BOARD OF DIRECTORS

Apollo TriCoat Tubes
SH. RAHUL GUPTA [Managing Director]
Apollo TriCoat Tubes
SH. ROMI SEHGAL [Whole Time Director]

Non-Executive Director: SH. VINAY GUPTA

Non-Executive Independent Director’s: MS. NEERU ABROL || SH. ANIL KUMAR BANSAL || SH. BHARAT BUSHAN SAHNY.

Fundamentals of Apollo TriCoat Tubes

Apollo TriCoat Tubes
As on 14/03/2022

Apollo Tricoat Share Price

In 5yrs stock give more than 1600% return. Before 5yrs its price was at Rs. 47 & now apollo tricoat share price is 812.

Apollo TriCoat Tubes
Apollo TriCoat Tubes

And from the starting, it gives more than 4000%+ return so far.

Ratios

Apollo TriCoat Tubes

Apollo TriCoat Tubes shows continuous growth in its sales, profit, roe & roce.

The company is virtually debt-free. And also 0% Promoter Pledging.

Negative Points

Stock is trading at 12.88 times its book value & the company not paying out dividends.

Balance Sheet

Apollo TriCoat Tubes

Reserves of this company continuously increasing & borrowings decreasing which shows how fundamentally strong this company is.

Share Holding Pattern

Apollo TriCoat Tubes

Past Corporate Actions

In past company gives 2 times Corporate Actions.

1:1 Bonus on Sep 16, 2021, & Stock Splits at the ratio of 1:5 on Dec 31, 2014.

Conclusion

Apollo TriCoat Tubes is no doubt a fundamentally strong company. Also, the management team of this company is well educated & have good expertise in this field. They use their expertise & experience to grow this company at new highs.

Let us know what do you think about this company & its future. Also, you can share something that we missed to share in this article.

Disclaimer: This article is only for educational purposes only. We don’t suggest buying or selling this stock. All data was collected from publically available resources. Always do your own research before buying or selling any stock.

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