Apl Apollo Tubes share price: We will achieve double digit margins in 3 to 4 years: Deepak Goyal, APL Apollo Tubes

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Wadia Group-owned airline Go First has sought approval to restart flights with 22 planes for the next five months. The Directorate General of Civil Aviation (DGCA) had asked for a resumption plan last week after meeting the Go First management.

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You are confident of 30% kind of top line growth, volume growth, even from here on for the next one year. Talk to us about where the visibility is actually coming from for this kind of guidance? When you talk about the transition and the potential as well. I was going through your presentation and you yourself very helpfully point out how the margin of the company is single digit at 6% and if you compare with the global peers, they actually have the margin profile of around 15-20%. What is the timeline you have in mind to reach that double digit margin figure? I want to also ask you that after looking at your business model last 5 years, many others in your field, I do not want to take names but many of your peers have also upped their game. At least five companies I know who are raising their capacities very sharply and the game is getting competitive. Will that cast a pressure on your profitability as well going forward? How is the competition in the sector? Your competition is actually far away but they are kind of expanding. Could you quickly tell us what is the expectation of increasing the value added product profile and what is the target for EBITDA per metric tonne going forward as well Because that will tell about your spreads as well?