Apollo Tricoat Ltd(ATL)

Great numbers from tricoat:

  1. Core business ROCE of 60% (on full capacity utilization). Working capital at 0 days.
  2. Total capital employed = Gross block = Rs 9820/ton
  3. EBITDA for Q3 at 57cr, 100% YoY increase. 54% increase QoQ.
  4. Net profit at 38 cr. 100% YoY growth and 58% QoQ growth.
  5. Operating cash flow was Rs 110 cr in 9MFY21 (99% of EBITDA)
  6. Revenue of 500cr, growth of 51% QoQ.
  7. EBITDA/ton at Rs 7872 vs 6137/ton in Q2. (This level of EBITDA might not be sustainable. No word from management in this regard yet. Will watch concalls for more updates regarding this).
  8. Target to achieve full capacity utilization in next 2 years.

Disc: Invested, full pf here.

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