Apollo Tyres Ltd

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

Apollo Tyres Ltd

₹ 496 0.30%
19 May 10:13 a.m.
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 ₹ 31,498 Cr.
  • Current Price ₹ 496
  • High / Low ₹ 585 / 368
  • Stock P/E 47.6
  • Book Value ₹ 168
  • Dividend Yield 1.20 %
  • ROCE 9.78 %
  • ROE 6.28 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 46.2%

Cons

  • Stock is trading at 2.94 times its book value
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 7.83% 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

Sector: Tyres Industry: Tyres

Part of Nifty Midcap 100 Nifty Midcap 150 Nifty MidSmallcap 400 BSE SmallCap Select Index BSE 150 MidCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
3,988 4,436 4,252 4,247 4,366 4,413 4,407 4,332 4,387 4,592 4,462 4,540 4,581
3,612 4,007 3,815 3,698 3,670 3,627 3,565 3,548 3,703 3,958 3,923 4,036 4,065
Operating Profit 376 429 437 548 696 787 841 784 684 633 539 504 515
OPM % 9% 10% 10% 13% 16% 18% 19% 18% 16% 14% 12% 11% 11%
38 29 19 10 17 15 22 -2 25 -22 21 19 46
Interest 108 106 121 123 118 110 106 100 88 87 87 96 95
Depreciation 234 216 223 227 242 226 228 228 235 229 233 233 234
Profit before tax 72 136 113 209 353 466 530 454 386 295 240 193 232
Tax % 25% 23% 42% 34% 32% 35% 35% 35% 45% 35% 31% 36% 36%
54 104 66 138 239 303 344 296 212 192 165 124 149
EPS in Rs 0.85 1.64 1.04 2.17 3.76 4.77 5.42 4.65 3.33 3.02 2.59 1.94 2.35
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
8,712 8,967 8,757 8,934 10,302 12,354 11,068 11,733 14,649 17,301 17,539 18,174
7,605 7,646 7,185 7,600 9,050 10,871 9,665 9,696 13,215 15,188 14,440 15,983
Operating Profit 1,107 1,322 1,572 1,334 1,252 1,483 1,403 2,038 1,435 2,113 3,100 2,191
OPM % 13% 15% 18% 15% 12% 12% 13% 17% 10% 12% 18% 12%
6 35 202 132 120 -89 29 111 126 75 60 65
Interest 250 176 94 92 140 142 229 383 386 469 407 366
Depreciation 248 247 265 288 364 446 621 713 824 907 916 929
Profit before tax 614 934 1,415 1,086 867 806 581 1,052 350 812 1,837 960
Tax % 28% 31% 29% 26% 28% 27% 13% 31% 25% 36% 37% 34%
443 645 1,002 803 622 592 509 723 261 520 1,154 629
EPS in Rs 8.78 12.67 19.69 15.77 10.88 10.35 8.89 11.38 4.11 8.19 18.17 9.91
Dividend Payout % 9% 16% 10% 19% 28% 31% 34% 31% 79% 55% 33% 50%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 7%
TTM: 4%
Compounded Profit Growth
10 Years: 0%
5 Years: 5%
3 Years: 38%
TTM: -44%
Stock Price CAGR
10 Years: 10%
5 Years: 40%
3 Years: 32%
1 Year: 0%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 8%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 50 51 51 51 57 57 57 64 64 64 64 64
Reserves 2,689 3,220 4,607 5,280 7,203 7,584 7,635 9,409 9,455 9,537 10,376 10,609
1,519 1,102 783 1,806 2,545 2,750 4,394 4,882 4,938 4,569 3,663 3,374
1,853 1,748 2,079 2,739 3,337 3,257 4,396 4,809 6,112 5,939 5,942 6,264
Total Liabilities 6,112 6,121 7,520 9,876 13,143 13,649 16,482 19,163 20,569 20,108 20,044 20,310
3,254 3,107 3,300 4,795 5,714 6,400 9,285 10,234 11,829 11,814 11,296 10,940
CWIP 35 130 416 621 672 655 1,272 1,030 548 134 190 181
Investments 651 752 1,506 1,399 2,978 2,233 2,410 2,500 2,865 2,823 2,919 2,429
2,172 2,133 2,297 3,060 3,778 4,362 3,515 5,400 5,326 5,337 5,638 6,760
Total Assets 6,112 6,121 7,520 9,876 13,143 13,649 16,482 19,163 20,569 20,108 20,044 20,310

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,127 962 1,785 330 933 593 1,895 1,494 1,615 1,534 2,085 1,153
-203 -367 -1,078 -1,395 -2,754 -457 -2,675 -2,161 -868 -234 -435 -134
-857 -607 -641 906 1,934 -178 807 667 -658 -1,115 -1,656 -1,115
Net Cash Flow 67 -12 66 -159 113 -42 27 -0 90 184 -5 -96

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 10 13 12 16 19 23 15 23 38 34 39 46
Inventory Days 80 76 75 121 96 93 97 109 90 71 81 94
Days Payable 56 42 63 73 84 62 86 101 102 77 74 69
Cash Conversion Cycle 34 46 24 64 31 54 25 31 27 27 45 70
Working Capital Days -11 3 -3 23 30 28 -10 -5 -14 -4 11 31
ROCE % 22% 26% 31% 19% 12% 11% 7% 11% 5% 9% 16% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.36% 37.36% 37.36% 37.36% 37.36%
20.71% 21.75% 22.88% 22.35% 23.41% 22.10% 17.96% 18.16% 14.46% 14.55% 14.21% 13.43%
17.47% 17.88% 17.13% 17.78% 17.22% 17.74% 22.02% 21.99% 25.12% 25.56% 26.12% 26.51%
1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57%
22.91% 21.46% 21.08% 20.94% 20.46% 21.26% 21.10% 20.93% 21.48% 20.97% 20.73% 21.13%
No. of Shareholders 3,22,7772,81,7282,85,1922,82,6492,86,7773,33,8273,36,8463,72,3724,24,2064,29,2514,17,8614,27,248

* 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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Documents

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Credit ratings

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