Apollo Tyres Ltd

Apollo Tyres Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Apollo Tyres Ltd

₹ 394 -1.82%
15 May - close price
apollotyres.com BSE: 500877 NSE: APOLLOTYRE
About

Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original equipment manufacturers, and the replacement market. [1]

Key Points

Market Position
The company is one of India’s largest tyre manufacturers in terms of revenue. It is a prominent player in the domestic truck and bus radial (TBR), truck and bus bias, and passenger car radial (PCR) tyre segments. It had a 28%-29% market share in the truck and bus segment and around 20% in the PCR segment in FY24. [1] [2]

Website BSE NSE
  • Market Cap ₹ 25,055 Cr.
  • Current Price ₹ 394
  • High / Low ₹ 540 / 392
  • Stock P/E 13.3
  • Book Value ₹ 187
  • Dividend Yield 1.27 %
  • ROCE 15.6 %
  • ROE 16.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 20.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 34.7%

Cons

  • The company has delivered a poor sales growth of 11.0% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.7% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

Part of BSE 500 Nifty 500 BSE Auto Nifty500 Shariah BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
4,366 4,413 4,407 4,332 4,387 4,592 4,462 4,540 4,581 4,725 4,715 5,139 5,237
3,670 3,627 3,565 3,548 3,703 3,958 3,923 4,036 4,065 4,081 3,994 4,392 4,473
Operating Profit 696 787 841 784 684 633 539 504 515 645 721 747 764
OPM % 16% 18% 19% 18% 16% 14% 12% 11% 11% 14% 15% 15% 15%
17 15 22 -2 25 -22 21 19 46 13 27 205 34
Interest 118 110 106 100 88 87 87 96 95 86 83 85 75
Depreciation 242 226 228 228 235 229 233 233 234 235 234 238 236
Profit before tax 353 466 530 454 386 295 240 193 232 338 430 629 487
Tax % 32% 35% 35% 35% 45% 35% 31% 36% 36% 34% 36% 29% -85%
239 303 344 296 212 192 165 124 149 222 277 449 903
EPS in Rs 3.76 4.77 5.42 4.65 3.33 3.02 2.59 1.94 2.35 3.50 4.36 7.07 14.22
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8,967 8,757 8,934 10,302 12,354 11,068 11,733 14,649 17,301 17,539 18,174 19,816
7,646 7,185 7,600 9,050 10,871 9,665 9,696 13,215 15,188 14,440 15,971 16,940
Operating Profit 1,322 1,572 1,334 1,252 1,483 1,403 2,038 1,435 2,113 3,100 2,203 2,876
OPM % 15% 18% 15% 12% 12% 13% 17% 10% 12% 18% 12% 15%
35 202 132 120 -89 29 111 126 75 60 54 279
Interest 176 94 92 140 142 229 383 386 469 407 368 329
Depreciation 247 265 288 364 446 621 713 824 907 916 929 942
Profit before tax 934 1,415 1,086 867 806 581 1,052 350 812 1,837 960 1,884
Tax % 31% 29% 26% 28% 27% 13% 31% 25% 36% 37% 34% 2%
645 1,002 803 622 592 509 723 261 520 1,154 629 1,852
EPS in Rs 12.67 19.69 15.77 10.88 10.35 8.89 11.38 4.11 8.19 18.17 9.91 29.16
Dividend Payout % 16% 10% 19% 28% 31% 34% 31% 79% 55% 33% 50% 21%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 5%
TTM: 9%
Compounded Profit Growth
10 Years: 6%
5 Years: 21%
3 Years: 54%
TTM: 183%
Stock Price CAGR
10 Years: 10%
5 Years: 13%
3 Years: 2%
1 Year: -20%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 12%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 51 51 51 57 57 57 64 64 64 64 64 64
Reserves 3,220 4,607 5,280 7,203 7,584 7,635 9,409 9,455 9,537 10,376 10,609 11,833
1,102 783 1,806 2,545 2,750 4,394 4,882 4,938 4,569 3,663 3,374 2,784
1,748 2,079 2,739 3,337 3,257 4,396 4,809 6,112 5,939 5,942 6,264 5,852
Total Liabilities 6,121 7,520 9,876 13,143 13,649 16,482 19,163 20,569 20,108 20,044 20,310 20,532
3,107 3,300 4,795 5,714 6,400 9,285 10,234 11,829 11,814 11,296 10,911 10,508
CWIP 130 416 621 672 655 1,272 1,030 548 134 190 210 479
Investments 752 1,506 1,399 2,978 2,233 2,410 2,500 2,865 2,823 2,919 2,429 2,439
2,133 2,297 3,060 3,778 4,362 3,515 5,400 5,326 5,337 5,638 6,760 7,106
Total Assets 6,121 7,520 9,876 13,143 13,649 16,482 19,163 20,569 20,108 20,044 20,310 20,532

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
962 1,785 330 933 593 1,895 1,494 1,615 1,534 2,085 1,153 2,211
-367 -1,078 -1,395 -2,754 -457 -2,675 -2,161 -868 -234 -435 -134 -475
-607 -641 906 1,934 -178 807 667 -658 -1,115 -1,656 -1,115 -1,701
Net Cash Flow -12 66 -159 113 -42 27 -0 90 184 -5 -96 36
Free Cash Flow 686 1,097 -1,221 -279 -1,040 -619 522 79 1,022 1,692 717 1,325
CFO/OP 88% 131% 44% 90% 53% 144% 82% 119% 81% 77% 60% 88%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 13 12 16 19 23 15 23 38 34 39 46 43
Inventory Days 76 75 121 96 93 97 109 90 71 81 94 93
Days Payable 42 63 73 84 62 86 101 102 77 68 69 62
Cash Conversion Cycle 46 24 64 31 54 25 31 27 27 51 70 73
Working Capital Days -15 -19 -9 7 19 -47 -29 -38 -25 -7 7 15
ROCE % 26% 31% 19% 12% 11% 7% 11% 5% 9% 16% 10% 16%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Consolidated Production Volume
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Emission Intensity
tCO2eq/MT
India Branded Retail Outlets
Number
Water Withdrawal Intensity
Kl/MT
India Truck Bus Radial (TBR) Replacement Market Share
%
Consolidated Capacity Utilization
%
India Passenger Car Radial (PCR) Replacement Market Share
%
India Rural Touchpoints
Number
India Standalone Volume Growth
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
37.34% 37.34% 37.34% 37.36% 37.36% 37.36% 37.36% 37.36% 36.95% 36.95% 36.93% 36.93%
23.41% 22.10% 17.96% 18.16% 14.46% 14.55% 14.21% 13.43% 12.27% 11.90% 12.26% 12.15%
17.22% 17.74% 22.02% 21.99% 25.12% 25.56% 26.12% 26.51% 27.54% 27.93% 27.89% 27.56%
1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57%
20.46% 21.26% 21.10% 20.93% 21.48% 20.97% 20.73% 21.13% 21.44% 21.38% 21.06% 21.38%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.22% 0.26% 0.28% 0.40%
No. of Shareholders 2,86,7773,33,8273,36,8463,72,3724,24,2064,29,2514,17,8614,27,2484,21,8134,24,1044,01,0814,08,704

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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