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Buy Apollo Pipes Ltd For Target Rs.600 - Yes Securities Ltd Outperformance to continue, Reiterate BUY!   Result Synopsis Apollo Pipes Ltd reported decent volume growth of 6.5%YoY & 7%QoQ to 15,465Te (3?year CAGR 14%). However, decline in ASP from Rs143/Rs152 in Q2FY22/Q1FY23 respectively to Rs134/Kg lead to a revenue decline of 5%QoQ & remained flattish YoY to Rs2.07Bn. H1FY23 volumes stood at 29,871Te, reporting a 20%YoY growth & revenue increased by 23%YoY to Rs4.26Bn. During the quarter continuous fall in PVC resin price...
Buy Apollo Pipes Ltd For Target Rs.600 - Yes Securities Ltd
Buy Apollo Pipes Ltd For Target Rs.600 - Yes Securities Ltd
Source: Yes Securities Ltd
8/12/2022 11:19:39 AM
Buy Apollo Pipes Ltd For Target Rs.667 - Yes Securities Ltd Contraction in PVC prices dents overall performance! Our view and valuation Apollo Pipes Ltd (APL) registered a decent quarter wherein volumes grew by 38.5%YoY (low base) & declined by 12.6% sequentially due to channel de-stocking owing to sharp correction in PVC prices. Hence, EBITDA/Kg contracted to Rs14 from Rs17. However, company expanded the contribution from value-added products which enabled them to cushion the degrowth. During the quarter company incurred capex of Rs360Mn fo...
Buy Apollo Pipes Ltd For Target Rs.667 - Yes Securities Ltd
Buy Apollo Pipes Ltd For Target Rs.667 - Yes Securities Ltd
Source: Yes Securities Ltd
1/09/2022 11:01:57 AM
Buy Apollo Pipes Ltd For Target Rs.1,070 - Yes Securities Expanding footprints across Natio * Apollo Pipes Ltd (APL) is one of the leading plastic pipe manufacturers in India, having an installed manufacturing capacity of 125,000TPA across 4-manufacturing facilities located at Bangalore, Ahmedabad, Dadri & Raipur. APL offers wide range of product portfolio which includes PVC, CPVC, HDPE pipes, Fittings & water tanks. * Formerly company’s 80% revenue was constituted from Northen region. However, APL is strategically expanding thei...
Buy Apollo Pipes Ltd For Target Rs.1,070 - Yes Securities
Buy Apollo Pipes Ltd For Target Rs.1,070 - Yes Securities
Source: Yes Securities Ltd
7/01/2022 11:06:10 AM
Buy Apollo Pipes Ltd For Target Rs.2,142 - Yes Securities On strong growth trajectory! Our view On the back of strong growth from real‐estate segment, Apollo Pipes Ltd reported healthy volume growth of 18%y/y & 40%q/q, which was above our expectations. The growth in volumes was driven by strong contribution from CPVC & HDPE pipes. Building materials & Agri segment contributed 50% each to total revenue, wherein building materials reported 30% volume & 50% value growth. Company’s operational margins were largely in‐line ...
Buy Apollo Pipes Ltd For Target Rs.2,142 - Yes Securities
Buy Apollo Pipes Ltd For Target Rs.2,142 - Yes Securities
Source: Yes Securities Ltd
27/10/2021 9:28:45 AM