Appollo Ispat Complex Ltd.
DDSE:APOLOISPAT2.40
BDT
+0.10
(+4.35%)
ISIN
BD0233AICL00
Return %
Stock
S&P 500
1Y
-4.00
14.20
3Y
-70.73
81.12
5Y
-75.76
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Dhaka Bangladesh
- IPO Date
- Dec 20, 2012
- Similar Companies
- Business
- Appollo Ispat Complex Limited is a Bangladesh-based steel manufacturing company primarily engaged in the production, processing, and distribution of corrugated iron sheets and galvanized steel products for the construction, industrial, and agricultural sectors. Founded in 1994 and headquartered in Dhaka, Bangladesh, the company operates an integrated industrial complex located in Shimrail, Narayanganj, utilizing continuous galvanizing lines and cold rolling mills to transform imported hot rolled steel coils into finished building materials marketed primarily under the Rani Marka brand name. The company offers a systematic portfolio of steel products and processing services, comprising Corrugated Iron (CI) sheets in diverse thicknesses and corrugated profiles for residential roofing, siding, and boundary fencing; Galvanized Plain (GP) sheets utilized in ventilation ducting, automotive body fabrication, storage containers, and general engineering works; Cold Rolled (CR) coils produced as intermediate feedstock for continuous galvanizing and third-party industrial use; and color-coated profiled sheets engineered for commercial warehouses, poultry sheds, agro-industrial facilities, and structural roofing applications. Appollo Ispat Complex Limited serves domestic distributors, wholesale building material dealers, rural retailers, civil engineering contractors, and industrial clients across Bangladesh. In recent developments, the company has encountered substantial operational and financial headwind, resulting in the temporary suspension and inactive operational status of its Narayanganj manufacturing plant amid liquidity constraints and working capital shortages. Listed on the Dhaka Stock Exchange under the trading symbol APOLOISPAT, the company has been relegated to the Z category following consecutive non-dividend fiscal periods and audited going concern disclosures. Furthermore, the company has been engaged in loan default litigations and debt resolution proceedings with commercial lending institutions, such as Jamuna Bank, while exploring comprehensive corporate restructuring, pursuing strategic equity partnerships, and coordinating under Bangladesh Securities and Exchange Commission oversight to restructure institutional liabilities, recapitalize the business, and resume factory operations.