Inside Out: An in-depth analysis of APL Apollo Tubes and Sequent Scientific

In this special show ‘Inside Out’, the focus is on APL Apollo Tubes — a structural steel-based manufacturer in India. The company has close to around 10 manufacturing units across the country. Its multi-product offerings include 1,500 varieties for multiple building material structural steel applications. The company serves as a one-stop shop for a wide range of products catering to a whole host of industries in India.

The company looks at avenues in which structural steel can be used to replace the existing material. Its target segment includes pre-engineered buildings, door frames, home decor, and the company is well placed because indications are that India has a huge potential for structural steel tubes.

Speaking to CNBC-TV18, Anubhav Gupta, Group Chief Strategy Officer of APL Apollo Tubes, said, “We believe is that we should be able to achieve 4 million tonne sales volume by FY25, that is by March 2025. This suggests a 30 percent CAGR versus the 1.7 million tonne what we closed in FY22. So, we do believe that this a 25 to 30 percent CAGR.”