Apollo Tyres Ltd
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]
- Market Cap ₹ 24,493 Cr.
- Current Price ₹ 386
- High / Low ₹ 396 / 167
- Stock P/E 42.3
- Book Value ₹ 156
- Dividend Yield 0.84 %
- ROCE 8.84 %
- ROE 5.96 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 53.1%
Cons
- Company has a low return on equity of 5.63% over last 3 years.
- Promoter holding has decreased over last 3 years: -3.57%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8,158 | 8,512 | 8,712 | 8,967 | 8,757 | 8,934 | 10,302 | 12,354 | 11,068 | 11,733 | 14,649 | 17,301 | |
7,484 | 7,603 | 7,605 | 7,646 | 7,185 | 7,600 | 9,050 | 10,871 | 9,665 | 9,696 | 13,215 | 15,190 | |
Operating Profit | 674 | 908 | 1,107 | 1,322 | 1,572 | 1,334 | 1,252 | 1,483 | 1,403 | 2,038 | 1,435 | 2,111 |
OPM % | 8% | 11% | 13% | 15% | 18% | 15% | 12% | 12% | 13% | 17% | 10% | 12% |
17 | 53 | 6 | 35 | 202 | 132 | 120 | -89 | 29 | 111 | 126 | 75 | |
Interest | 247 | 267 | 250 | 176 | 94 | 92 | 140 | 142 | 229 | 383 | 386 | 467 |
Depreciation | 186 | 220 | 248 | 247 | 265 | 288 | 364 | 446 | 621 | 713 | 824 | 907 |
Profit before tax | 258 | 475 | 614 | 934 | 1,415 | 1,086 | 867 | 806 | 581 | 1,052 | 350 | 812 |
Tax % | 30% | 34% | 28% | 31% | 29% | 26% | 28% | 27% | 13% | 31% | 25% | 29% |
Net Profit | 181 | 313 | 443 | 645 | 1,002 | 803 | 622 | 592 | 509 | 723 | 261 | 579 |
EPS in Rs | 3.60 | 6.20 | 8.78 | 12.67 | 19.69 | 15.77 | 10.88 | 10.35 | 8.89 | 11.38 | 4.11 | 9.11 |
Dividend Payout % | 14% | 8% | 9% | 16% | 10% | 19% | 28% | 31% | 34% | 31% | 79% | 49% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 11% |
3 Years: | 16% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | -1% |
3 Years: | 4% |
TTM: | 126% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 8% |
3 Years: | 58% |
1 Year: | 77% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 6% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | 50 | 50 | 51 | 51 | 51 | 57 | 57 | 57 | 64 | 64 | 64 | |
Reserves | 1,997 | 2,280 | 2,679 | 3,220 | 4,607 | 5,280 | 7,203 | 7,584 | 7,635 | 9,409 | 9,455 | 9,836 |
2,148 | 2,102 | 1,519 | 1,102 | 783 | 1,806 | 2,545 | 2,750 | 4,394 | 4,882 | 4,938 | 4,569 | |
1,570 | 1,433 | 1,864 | 1,748 | 2,079 | 2,739 | 3,337 | 3,257 | 4,396 | 4,809 | 5,566 | 5,646 | |
Total Liabilities | 5,766 | 5,866 | 6,112 | 6,121 | 7,520 | 9,876 | 13,143 | 13,649 | 16,482 | 19,163 | 20,023 | 20,115 |
2,851 | 3,071 | 3,254 | 3,107 | 3,300 | 4,795 | 5,714 | 6,400 | 9,285 | 10,234 | 11,829 | 11,832 | |
CWIP | 311 | 249 | 35 | 130 | 416 | 621 | 672 | 655 | 1,272 | 1,030 | 548 | 116 |
Investments | 563 | 613 | 651 | 752 | 1,506 | 1,399 | 2,978 | 2,233 | 2,410 | 2,500 | 2,875 | 2,823 |
2,042 | 1,933 | 2,172 | 2,133 | 2,297 | 3,060 | 3,778 | 4,362 | 3,515 | 5,400 | 4,771 | 5,343 | |
Total Assets | 5,766 | 5,866 | 6,112 | 6,121 | 7,520 | 9,876 | 13,143 | 13,649 | 16,482 | 19,163 | 20,023 | 20,115 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
539 | 767 | 1,127 | 962 | 1,785 | 330 | 933 | 593 | 1,895 | 1,494 | 1,644 | 1,531 | |
-547 | -403 | -203 | -367 | -1,078 | -1,395 | -2,754 | -457 | -2,675 | -2,161 | -896 | -232 | |
-21 | -321 | -857 | -607 | -641 | 906 | 1,934 | -178 | 807 | 667 | -658 | -1,115 | |
Net Cash Flow | -29 | 44 | 67 | -12 | 66 | -159 | 113 | -42 | 27 | -0 | 90 | 184 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 16 | 13 | 10 | 13 | 12 | 16 | 19 | 23 | 15 | 23 | 25 | 34 |
Inventory Days | 65 | 67 | 80 | 76 | 75 | 121 | 96 | 93 | 97 | 109 | 90 | 71 |
Days Payable | 49 | 36 | 56 | 42 | 63 | 73 | 84 | 62 | 86 | 101 | 102 | 76 |
Cash Conversion Cycle | 32 | 44 | 34 | 46 | 24 | 64 | 31 | 54 | 25 | 31 | 13 | 29 |
Working Capital Days | 14 | 14 | -11 | 3 | -3 | 23 | 30 | 28 | -10 | -5 | -10 | 5 |
ROCE % | 13% | 17% | 22% | 26% | 31% | 19% | 12% | 11% | 7% | 11% | 5% | 9% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
25 May - In compliance with Regulation 24A of SEBI (LODR) Regulations, 2015, the Annual Compliance Report for the year ended March 31, 2023, issued by PI & …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
17 May - A Conference Call for the analysts and investors to discuss the financial and operational performance of the Company for Q4 FY23 was held on May …
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Investors/Analyst Meet - Outcome
11 May - Recording of the Investor Conference Call - Q4 F23 held on May 10, 2023 at 4:00 PM (IST) had been made available on the website …
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Announcement under Regulation 30 (LODR)-Investor Presentation
10 May - Presentation to be shared at the Investors Conference Call scheduled to be held today i.e. May 10, 2023.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 May - Copy of audited financial results for the year ended March 31. 2023 published in the following newspapers :- - Business Standard (National daily newspaper) on …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Nov 2020Transcript PPT
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Nov 2020TranscriptNotesPPT
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Nov 2019TranscriptPPT
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Nov 2018TranscriptPPT
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Aug 2018Transcript PPT
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Nov 2017TranscriptPPT
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Nov 2016Transcript PPT
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Aug 2016TranscriptPPT
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Jun 2016TranscriptNotesPPT
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May 2016Transcript PPT
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Feb 2016TranscriptNotesPPT
Brands
Company is the owner of 2 brands of tyres, Apollo & Vredestein. Apollo brand primarily manufactures tyres for the Indian Sub-continent. The Vredestein brand operates in Europe and is over 110 years old & has achieved premium brand premium brand status in the industry. [1]