APL Apollo Tubes Ltd.

Financial

	APL Apollo Tubes	Welspun Corp	Ratnamani Metals
Operational Metrics
Steel Sector
EBITDA/Tonne - Steel	4683.0 Rs/Tonne	29434.95 Rs/Tonne	n/a
Quarterly Sales Volume - Steel Pipes	794000.0 Tonnes	190250.0 Tonnes	n/a
Manufacturing Capacity - Steel Tubes	4500000.0 MTPA	n/a	n/a
Financials
5 yr Average ROE	21.12 %	15.68 %	16.53 %
5yr average Equity Multiplier	2.2	2.3	1.34
5yr Average Asset Turnover Ratio	2.41	0.92	1.09
5yr Avg Net Profit Margin	4.01 %	7.93 %	11.3 %
Price to Book	10.62	3.11	4.51
P/E	55.78	11.55	28.76
5yr Avg Cash Conversion Cycle	-8.87 Days	76.45 Days	132.97 Days
Inventory Days	29.12 Days	89.16 Days	98.26 Days
Days Receivable	2.68 Days	46.48 Days	77.18 Days
Days Payable	37.3 Days	42.14 Days	47.57 Days
5yr Average Interest Coverage Ratio	11.25	7.49	20.27
5yr Avg ROCE	23.72 %	14.27 %	21.34 %
5yr Avg Operating Profit Margin	6.86 %	8.72 %	16.81 %
5 yr average Debt to Equity	0.35	0.37	0.07
5yr CAGR Net Profit	25.21 %	19.98 %	14.53 %
5yr Average Return on Assets	9.71 %	7.47 %	12.3 %
Shareholdings
Promoter Holding	28.31 %	49.84 %	59.77 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-6.21 %	-0.17 %	-0.39 %
Change in Mutual Fund Holding (3 Yrs)	4.12 %	4.7 %	2.86 %

Business

	APL Apollo Tubes	Welspun Corp	Ratnamani Metals
Product Wise Break-Up	Product Wise Break-Up Hollow sections 64.0 Pre-galvanized tubes (GP) 32.0 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 4.0	Product Wise Break-Up Steel tubes and pipes 0 ERW Pipe 8.24 Black round pipes 0 Galvanized tubes 0 Bearing Rings 0 LSAW Pipe 15.94 Wind mills 0 Pre-galvanized tubes (GP) 0 HSAW 75.82 Hollow sections 0	Product Wise Break-Up Steel Pipes & Tubes 92.56 ERW Pipe 0 Black round pipes 0 Galvanized tubes 0 Bearing Rings 4.79 LSAW Pipe 0 Wind mills 0 Pre-galvanized tubes (GP) 0 HSAW Pipe 0 Hollow sections 0 Others 2.65
Location Wise Break-Up	Location Wise Break-Up India 94.0 Rest of the World 6.0	Location Wise Break-Up India 66.82 Rest of the World 33.18	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 Tricoat 0 Apollo Standard 0 Apollo Galv 0 Apollo Z 0 Apollo Structural 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 64.0 Apollo Z 32.0 Apollo Galv 4.0 Apollo Tricoat 0 Apollo Standard 0	-	-