Welspun Corp vs APL Apollo Tubes: Which Stock Has the Better Earnings Growth, Order Visibility and ROCE?
India, Aug. 22 -- Two of India's biggest names in steel pipes are once again being compared by investors, and this time the debate is around who has the stronger all-round scorecard. One is a play on global pipeline infrastructure with a big presence in the US and Saudi Arabia. The other is India's largest manufacturer of structural steel pipes, with a massive domestic footprint. Both released their June quarter numbers recently, and they tell very different stories about growth, order books and returns on capital. Here's how they stack up against each other.
The ROCE Story: A Clear Gap
If you look at Return on Capital Employed, which basically tells you how well a company is using its money to generate profits, APL Apollo Tubes comes ou...
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