Pranav Bhavsar

ASA Capital Management, founded by Pranav Bhavsar in 2013, provides research on consumer themes and companies operating in India or global companies that have significant exposure to India or the Indian economy. The research methodology focuses on carrying out on the ground channel checks that include Supplier/Distributor/Customer interactions, access to industry experts and bespoke primary data sources.

Indian Consumer Analyst

Actionable bottom-up long/short Insights on equities

Equity Bottom-Up

APL Apollo Tubes Ltd. manufactures and exports galvanized steel tubes, galvanized steel pipes, and welded black pipes and tubes.

<ul>
<li>We speak to a total of ten channels representing <a href="https://www.smartkarma.com/entities/apl-apollo-tubes-ltd" target="_blank" data-smartkarma-citation="entities:16132:1" rel="noopener">Apl Apollo Tubes (APAT IN)</a> , <a href="https://www.smartkarma.com/entities/kajaria-ceramics-ltd" target="_blank" data-smartkarma-citation="entities:13916:1" rel="noopener">Kajaria Ceramics (KJC IN)</a> and <a href="https://www.smartkarma.com/entities/somany-ceramics-ltd" target="_blank" data-smartkarma-citation="entities:10694:1" rel="noopener">Somany Ceramics (SOMC IN)</a> </li>
<li>There are some indications of Market share loss for <a href="https://www.smartkarma.com/entities/apl-apollo-tubes-ltd" target="_blank" data-smartkarma-citation="entities:16132:1" rel="noopener">Apl Apollo Tubes (APAT IN)</a> </li>
<li>Demand in metros remains strong and robust, while tier 2/3 locations seems to be grasping for growth. </li>
</ul>

India Independent Insight

India Independent Insight (Iii), is a collaborative initiative by Nitin Mangal and Pranav Bhavsar. Nitin Mangal is a SEBI registered Independent Analyst (SEBI Reg. INH 000004723) and Pranav Bhavsar is a SEBI registered Investment Advisor (SEBI Reg. INA 000011510). With Iii our endeavor is to deliver Independent & Unbiased research on Indian Mid to large cap companies. Iii typically provides counter consensus views which cover forensic research along with on-ground primary research. Our research process is a combination of a deep dive on accounting, governance and channel checks.

Apl Apollo Tubes

India Channel Insight #23 | APL Apollo, Kajaria, Somany