APAT is better placed in terms of negotiations with suppliers as it consumes ~2% of the total steel produced and ~10% of total HRCs (Hot rolled Coils).
It has continuously gained market share in the industry and is currently the market leader in the Indian Structural tubes industry, with a market share of ~55% in FY22 v/s 27% in FY17.
Would you be investing in APL Apollo Tubes Ltd.? Do let us know in the comments 💬 section.
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Posted On: 09 Jan 2023 9:00 PM
