BUY - Apollo Tricoat Tubes Ltd at Rs. 825
BUY - Apollo Tricoat Tubes Ltd at Rs. 825 Overview of Apollo Tricoat Tubes Ltd (ATTL) The company primarily produces steel designer roofing and steel door frames. It is a subsidiary of Shri Lakshmi Metal Udyog , a wholly-owned subsidiary of APL Apollo Tubes Ltd . It has 5 brands in its portfolio which are named as follows: Apollo Chaukhat; Apollo Elegant; Apollo Signature; Apollo Steel Plank; and (5) Apollo Wondoor Financials Net Revenue rose by 45% YoY A steep rise in materials consumed has led to a decline in the PAT and PBIDT by 25% The rationale for buying ATTL at Rs. 825 Draft Scheme of amalgamation was approved with APL Apollo Tubes Ltd. This will benefit ATTL in many ways: it will have a good platform with stable cash flows. Consequently, the Balance Sheet will reflect a stronger position. lower distribution costs a superior premium de-risking of earnings with the addition of APL Apollo's products Acquired 26% stake by entering into a PPA with Radiance Ka Sunrise