Apollo Pipes - Stellar Growth In Q4, Momentum To Continue: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Apollo Pipes Ltd. reported a strong topline growth of 42%YoY and 29.7% QoQ on account of robust volume growth of 27%YoY and 31.7% QoQ which was largely driven by healthy growth in value‐added products. We believe, Apollo Pipes to maintain their growth momentum on account of sturdy demand from real estate and expected revival in rural segment coupled with company’s focus on expanding their regional presence in South, West and east along with strengthening their position in North.Hence, we expect strong volume growth of 27% compound annual growth rate over FY22‐FY24. Moreover, company is committed to grow their chlorinated polyvinyl chloride, high-density polyethylene and value‐added products of fittings at faster pace along with enhancing the contribution of non‐agri portfolio from 50% of revenue in FY22 to 60%‐ 65% going ahead..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Apollo Pipes - Stellar Growth In Q4, Momentum To Continue: Yes Securities

Apollo Pipes - Stellar Growth In Q4, Momentum To Continue: Yes Securities

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