APL Apollo Tubes Ltd.

Financial

	APL Apollo Tubes	Welspun Corp	Ratnamani Metals
Operational Metrics
Steel Sector
EBITDA/Tonne - Steel	4173.0 Rs/Tonne	26459.43 Rs/Tonne	n/a
Manufacturing Capacity - Steel Tubes	4300000.0 MTPA	n/a	n/a
Steel Tubes & Pipes
Quarterly Sales Volume - Steel Pipes	828000.0 Tonnes	241119.0 Tonnes	n/a
Financials
5 yr Average ROE	21.12 %	14.52 %	17.13 %
5yr average Equity Multiplier	2.2	2.39	1.37
5yr Average Asset Turnover Ratio	2.41	0.98	1.08
5yr Avg Net Profit Margin	4.01 %	6.48 %	11.58 %
Price to Book	11.7	3.35	5.75
P/E	71.01	13.69	35.77
5yr Avg Cash Conversion Cycle	-8.87 Days	80.02 Days	121.44 Days
Inventory Days	29.12 Days	88.62 Days	98.45 Days
Days Receivable	2.68 Days	30.86 Days	69.09 Days
Days Payable	37.3 Days	38.87 Days	50.72 Days
5yr Average Interest Coverage Ratio	11.25	7.61	20.2
5yr Avg ROCE	23.72 %	15.63 %	21.81 %
5yr Avg Operating Profit Margin	6.86 %	8.66 %	16.93 %
5 yr average Debt to Equity	0.35	0.41	0.09
5yr CAGR Net Profit	25.21 %	11.81 %	15.16 %
5yr Average Return on Assets	9.71 %	6.56 %	12.5 %
Shareholdings
Promoter Holding	28.31 %	50.01 %	59.77 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-6.21 %	0.0	-0.39 %
Change in Mutual Fund Holding (3 Yrs)	4.41 %	4.96 %	2.74 %

Business

	APL Apollo Tubes	Welspun Corp	Ratnamani Metals
Product Wise Break-Up	Product Wise Break-Up Hollow sections 70.0 Pre-galvanized tubes (GP) 27.0 Galvanized tubes 0 Black round pipes 0 LSAW Pipe 0 HSAW Pipe 0 ERW Pipe 0 Bearing Rings 0 Wind mills 0 Steel tubes and pipes 0 Others 3.0	Product Wise Break-Up Steel tubes and pipes 0 Bearing Rings 0 Wind mills 0 Galvanized tubes 0 Hollow sections 0 LSAW Pipe 15.94 HSAW 75.82 Black round pipes 0 Pre-galvanized tubes (GP) 0 ERW Pipe 8.24	Product Wise Break-Up Steel Pipes & Tubes 95.11 Bearing Rings 4.83 Wind mills 0 Galvanized tubes 0 Hollow sections 0 LSAW Pipe 0 HSAW Pipe 0 Black round pipes 0 Pre-galvanized tubes (GP) 0 ERW Pipe 0 Others 0.06
Location Wise Break-Up	Location Wise Break-Up India 94.0 Rest of the World 6.0	Location Wise Break-Up India 49.39 Rest of the World 50.61	Location Wise Break-Up India 75.45 Rest of the World 24.55
Operating Profit Break-Up	Operating Profit Break-Up Apollo Structural 38.48 Apollo Z 30.87 Apollo Tricoat 24.27 Apollo Galv 6.38 Apollo Standard 0	-	Operating Profit Break-Up Apollo Standard 0 Apollo Galv 0 Apollo Z 0 Apollo Structural 0 Apollo Tricoat 0 Others 100
Verticals	Verticals Residential 64.0 Construction 19.0 Infrastructure 13.0 Others 4.0	-	-
Capacity Break-Up	Capacity Break-Up South 35.0 Central 30.0 North 20.0 West 15.0	-	-
Brand Wise Break-Up	Brand Wise Break-Up Apollo Structural 69.0 Apollo Z 27.0 Apollo Galv 4.0 Apollo Tricoat 0 Apollo Standard 0	-	-