Attended the Amulya AGM yesterday.
Apollo pipes is into plastic pipes as well as fittings.
Current production is 2500 T per month.. Largest players in industry are at 15-17 kT per month. We are in top 10-15 players in industry. This is a fragmented industry with only few large players.
Capacity is 3200 T per month.
So, utilization is 80%. This is as good as full as can't operate at more than 80-85%.
New production is coming up with 700-800 T in next month.
Then working on Gujarat expansion.. Looking for land there.. Plan is 1000 T per month from there.
So, final = 5000 T.. We will be in Top-6 then.. Funded largely by internal accrual.
No agreement with Apl Apollo. Just some distributors may be common and promoters are common.
Industry has 40% capacity with unorganized players. Gst will help organized.
Major push now on branding.. Doing plumber meeting, dealer meeting.
Target= 25% growth.
We try to maintain prices (new capacity coming up, so we are not taking price cuts to sell that).
Realization per kg= 80 rs.
Crude movement affects revenue but not ebdita.
Ebdita/kg stays nearly same.
WC cycle= 90 days.
15-45 days is usual credit period.
Merger- got exchange approval recently.
Now to go to Court.
Expect to do in 6-7 months.
Special thanks to @jk321 for compiling the notes.