APL has a strong pan India distribution network and it has been increasing its market share in the structural tubes segment leading to cost efficiencies which coupled with an increasing contribution from value-added products has resulted in strong growth in profits and cash accruals, it said.
Further, notwithstanding the persistence of the Covid-19 pandemic, the company reported strong consolidated PBILDT per tonne of Rs 3,528 during H1FY21 (H1FY20: Rs. 2738 per tonne) and sales volume of 7.19 lakh MT on back of recovery of demand in Q2FY21 and the company’s established ability to continue gaining market share from smaller players due to its cost efficiencies, a wide product portfolio and strong marketing network. The company reported healthy cash accruals of Rs 177.31 crores during H1FY21 (H1FY20: Rs. 127.82 crore), the rating agency said.
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