Pipes and fitting stocks are in the accumulation phase after 18 months of consolidation.
Apollo Pipes
We can expect a significant upside move after breaking the resistance zone.
#apollopipes
Apollo Pipes
We can expect a significant upside move after breaking the resistance zone.
#apollopipes
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Apollo Pipes
#Q3FY24 Concall Highlights
Revenue Guidance of 25% to 30% CAGR for the next four years
Expected 25% Volume Growth in Q4FY24
Targeting to double Apollo Pipes capacity to 286,000 metric tonnes in the next three years
Confident of hitting 25% to 30% of ROCE
FY2024 capex spends were around Rs.82 Crores and there will be another 50 Crores expected in Q4
210 Cr of Capex expected next year
EBITDA per ton should be around Rs.18,000 rupees in the next two to three years
#stockmarkets #StocksInFocus #apollopipes
#Q3FY24 Concall Highlights
Revenue Guidance of 25% to 30% CAGR for the next four years
Expected 25% Volume Growth in Q4FY24
Targeting to double Apollo Pipes capacity to 286,000 metric tonnes in the next three years
Confident of hitting 25% to 30% of ROCE
FY2024 capex spends were around Rs.82 Crores and there will be another 50 Crores expected in Q4
210 Cr of Capex expected next year
EBITDA per ton should be around Rs.18,000 rupees in the next two to three years
#stockmarkets #StocksInFocus #apollopipes
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