APL Apollo Tubes Limited has informed the Exchange about Transcript

APL Apollo reported FY'25 sales volume of 3.1 million tons, making it the world's largest downstream steel player outside China. Net cash on balance sheet stood at over Rs. 300 crore (second consecutive year), with operating cash flow to EBITDA exceeding 100% and ROCE at 25%. Blended EBITDA per ton was depressed at Rs. 3,900 due to a sharp 25% steel price correction over the past 18 months, but management guided FY'26 EBITDA per ton to recover to near Rs. 5,000 and improve further. The company announced a capacity expansion from 5 million tons to 7 million tons at a CAPEX of Rs. 1,500 crore (~Rs. 500 crore/year, fully funded from internal cash flows), with a longer-term target of 10 million tons by 2030. Key growth drivers include entry into East India (2 plants, 500,000 tons), Dubai (200,000 tons), South India (360,000 tons), roofing sheets (500,000 tons), heavy structures (100,000 tons), and an export-focused Bhuj plant (300,000 tons). Management committed to 20% YoY volume growth for the next 3-4 years, ROCE of 35% within 12 months and 50%+ within 2-3 years, while targeting employee cost reduction from Rs. 1,000 to Rs. 600 per ton.