Apollo Tyres Ltd

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

Apollo Tyres Ltd

₹ 386 -1.70%
30 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

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]

Website BSE NSE
  • 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
Edit ratios

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.

Peer comparison

Sector: Tyres Industry: Tyres

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
2,431 1,773 2,912 3,419 3,630 3,220 3,650 3,792 3,988 4,436 4,252 4,247 4,366
2,080 1,582 2,362 2,686 3,069 2,886 3,274 3,447 3,612 4,007 3,815 3,698 3,670
Operating Profit 351 191 550 733 561 334 376 345 376 429 437 548 696
OPM % 14% 11% 19% 21% 15% 10% 10% 9% 9% 10% 10% 13% 16%
2 14 24 17 55 37 31 19 38 29 19 10 17
Interest 74 103 102 89 86 89 90 95 108 106 121 123 118
Depreciation 174 171 174 177 191 192 195 203 234 216 223 227 242
Profit before tax 105 -68 298 483 340 89 123 66 72 136 113 209 353
Tax % -22% 22% 27% 31% 34% 24% 27% 26% 25% 23% 29% 34% 28%
Net Profit 128 -54 216 335 225 68 90 49 54 104 81 138 256
EPS in Rs 2.24 -0.94 3.78 5.28 3.54 1.07 1.41 0.77 0.85 1.64 1.27 2.17 4.03
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
41.65 41.75 37.61 37.31 37.60 37.34 37.34 37.34 37.34 37.34 37.34 37.34
19.69 20.03 20.80 24.27 22.87 20.48 19.66 19.43 20.71 21.75 22.88 22.35
18.18 15.62 12.36 11.54 15.66 18.04 18.39 18.55 17.47 17.88 17.13 17.78
1.75 1.75 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57 1.57
18.73 20.85 27.66 25.30 22.30 22.57 23.04 23.10 22.91 21.46 21.08 20.94

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls