APL Apollo sales grow 27% to over 5.5 lakh tonnes in Jan-Mar
APL Apollo Tubes Limited has performed very well in the last couple of years. This leading manufacturing company of branded steel offers various products, including black pipes, Galvanized tubes, Pre-Galvanized tubes, etc. It has become a one-stop solution for all steel structural products with world-class manufacturing facilities.
Let’s look at the short history of APL Apollo and how it has grown
This pan India company is located in various cities: Bengaluru, Hosur, Raipur, Telangana, and Sikandrabad. At the end of 2011, the company’s equity shares were listed on NSE. The company stock price started growing more and more with every passing year. In 2013, APL Apollo Tubes sold the highest amount, up to 4,64,000 tonnes, when the domestic and global economy was decelerating.
The same thing happened in 2015. The company again achieved the highest volume in tonnes despite the global economic crisis. Also, the company used strategies and took steps toward expanding the companies to a new level. They introduced a new range of products in the Structural Steel Tube & Pipe segment using innovative technologies. Become a pioneer manufacturer in the colour-coated pipes, which are more in demand in rural and urban areas of the country. That boosts the sales of the company to an extraordinary level.
Since 2013, the company has never looked back and achieved the highest volume ever each year. Using cutting-edge technology, the company has tasted another success and incorporated Shri Lakshmi Metal Udyog with Apollo Tricot.
Stunning performance by APL Apollo Tubes Company in FY 2021-22.
Now, let us check the company’s portfolio in FY 2021-22. APL Apollo Company saw growth in sales by 27% in the fourth quarter of the last financial year. From Jan to March 2020-21, the company had sold 4,35,348 tonnes of products. In Jan-March 2022, the recorded sale was 5,51,723 tonnes showing exponential growth in sales.
The value-added products contributed 65% to last year’s sales. Structural steel tubes and Apollo
Z product segments are more in demand, which results in growing the company’s profits margins. For the entire 2021-22 fiscal, APL Apollo registered a sales of 17,54,963 tonnes compared to 16,40,353 tonnes in FY 2020-21.
APL Apollo stunned the market with its outstanding performance. There is no doubt that the company will achieve 75% growth in sales in the upcoming years. The value-added products will expand the company’s geographical reach and strengthen its presence in Tier 2 and Tier 3 cities.
Effective and cost-efficient solutions result in strong sales. Along with 10 active manufacturing plants, the company is expanding its production process with its upcoming state of the art unit being constructed in Raipur. It will be a 400-acre wide plant with a production capacity of 1.5 million tonnes. So the total current capacity of 2.6 million tonnes will go up to 4.1 million tonnes.
APL Apollo’s multi-product offerings include over 1,500 construction and building materials varieties. They serve a wide spectrum of products and cater to industrial applications such as urban infrastructure, real estate, rural housing, commercial construction, greenhouse structures, and engineering applications. A vast 3-tier distribution network of over 800 Distributors is spread across India, with a presence in over 300 towns and cities. The stock price of Apollo is pushing the sky.