APL Apollo Tubes Financial Statements

Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 44.80 36 (6.90) 34.30
Op profit growth 28.60 11.40 18.20 55.10
EBIT growth 23.90 13.10 11.70 57.10
Net profit growth 50.50 3.96 51.20 57.80
Profitability ratios (%)        
OPM 6.18 6.96 8.49 6.68
EBIT margin 5.23 6.10 7.34 6.12
Net profit margin 3.08 2.96 3.88 2.39
RoCE 19.60 20.90 21.30 21.90
RoNW 5.42 5.13 5.98 4.73
RoA 2.89 2.54 2.82 2.13
Per share ratios ()        
EPS 103 66.60 64.50 40.90
Dividend per share -- 14 12 10
Cash EPS 57.10 44.10 42.90 28.40
Book value per share 545 353 298 242
Valuation ratios        
P/E 12.10 29.90 18.20 16.30
P/CEPS 21.80 45.20 27.30 23.40
P/B 2.29 5.65 3.93 2.75
EV/EBIDTA 7.78 14.50 9.89 7.56
Payout (%)        
Dividend payout -- 21 18.60 28
Tax payout (14) (35) (30) (33)
Liquidity ratios        
Debtor days 21.50 24.90 24 17.10
Inventory days 32.50 36.30 49.50 39.60
Creditor days (29) (29) (34) (22)
Leverage ratios        
Interest coverage (3.80) (4) (4) (3.70)
Net debt / equity 0.58 0.92 0.84 1.14
Net debt / op. profit 1.65 2.07 1.78 2.30
Cost breakup ()        
Material costs (85) (85) (82) (84)
Employee costs (1.80) (1.60) (1.90) (1.50)
Other costs (6.80) (6.20) (7.20) (7.40)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 7,723 5,335 3,924 4,214
yoy growth (%) 44.80 36 (6.90) 34.30
Raw materials (6,579) (4,548) (3,232) (3,559)
As % of sales 85.20 85.30 82.40 84.50
Employee costs (142) (86) (75) (63)
As % of sales 1.84 1.62 1.92 1.50
Other costs (525) (329) (283) (310)
As % of sales 6.80 6.17 7.22 7.36
Operating profit 477 371 333 282
OPM 6.18 6.96 8.49 6.68
Depreciation (96) (53) (51) (34)
Interest expense (107) (81) (72) (70)
Other income 22.20 8.01 5.97 10.30
Profit before tax 296 244 216 188
Taxes (40) (86) (64) (62)
Tax rate (14) (35) (30) (33)
Minorities and other (18) -- -- --
Adj. profit 238 158 152 126
Exceptional items -- -- -- (25)
Net profit 238 158 152 101
yoy growth (%) 50.50 3.96 51.20 57.80
NPM 3.08 2.96 3.88 2.39
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 296 244 216 188
Depreciation (96) (53) (51) (34)
Tax paid (40) (86) (64) (62)
Working capital 394 383 18 77
Other operating items -- -- -- --
Operating cashflow 554 488 119 169
Capital expenditure 1,757 735 354 298
Free cash flow 2,311 1,223 473 466
Equity raised 1,314 970 903 869
Investments (0.80) 1.06 (0.80) (4.40)
Debt financing/disposal 595 465 149 146
Dividends paid -- 33.20 28.30 23.40
Other items -- -- -- --
Net in cash 4,219 2,691 1,553 1,500
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 24.90 23.90 23.70 23.60
Preference capital -- -- -- --
Reserves 1,331 940 814 680
Net worth 1,356 964 838 703
Minority interest
Debt 834 858 775 594
Deferred tax liabilities (net) 108 126 111 95.30
Total liabilities 2,394 1,948 1,724 1,393
Fixed assets 1,718 1,061 932 792
Intangible assets
Investments 1.52 49.40 1.11 0.44
Deferred tax asset (net) 6.48 6.18 11.60 14
Net working capital 622 784 773 585
Inventories 784 784 591 470
Inventory Days 37.10 -- 40.50 43.70
Sundry debtors 476 543 432 295
Debtor days 22.50 -- 29.60 27.40
Other current assets 240 289 218 286
Sundry creditors (767) (708) (390) (404)
Creditor days 36.30 -- 26.70 37.60
Other current liabilities (111) (124) (79) (62)
Cash 45.60 47.80 6.80 1.57
Total assets 2,394 1,948 1,724 1,393
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015
Gross Sales 5,618 4,871 3,839 3,081 2,957
Excise Duty -- -- 138 331 --
Net Sales 5,618 4,871 3,702 2,750 2,957
Other Operating Income 217 188 114 91.20 76.40
Other Income 13.90 8.87 6.11 6.81 5.93
Total Income 5,849 5,067 3,821 2,848 3,039
Total Expenditure ** 5,477 4,804 3,547 2,594 2,854
PBIDT 371 263 275 254 185
Interest 83.20 84.40 58.70 56.60 51.30
PBDT 288 179 216 197 133
Depreciation 70.40 47.10 38.50 37.80 23.10
Minority Interest Before NP -- -- -- -- --
Tax 46 40.80 54.10 56.20 37.10
Deferred Tax (24) 4.16 7.81 1.26 --
Reported Profit After Tax 195 86.50 115 102 73.10
Minority Interest After NP 14.10 -- -- -- --
Net Profit after Minority Interest 181 86.50 115 102 73.10
Extra-ordinary Items -- -- -- -- (12)
Adjusted Profit After Extra-ordinary item 181 86.50 115 102 84.70
EPS (Unit Curr.) 80.10 36.50 48.80 43.40 31.20
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 24.90 23.70 23.70 23.60 23.40
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 6.61 5.40 7.42 9.24 6.24
PBDTM(%) 5.13 3.67 5.83 7.18 4.51
PATM(%) 3.47 1.78 3.12 3.72 2.47