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 ₹ 30,875 Cr.
- Current Price ₹ 486
- High / Low ₹ 585 / 368
- Stock P/E 24.8
- Book Value ₹ 232
- Dividend Yield 1.22 %
- ROCE 11.4 %
- ROE 8.68 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 25.9%
Cons
- The company has delivered a poor sales growth of 9.83% over past five years.
- Company has a low return on equity of 10.1% 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
Part of BSE 500 Nifty 500 BSE Auto BSE SmallCap Nifty Midcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13,412 | 12,815 | 11,849 | 13,180 | 14,843 | 17,549 | 16,350 | 17,397 | 20,948 | 24,568 | 25,378 | 26,123 | |
11,524 | 10,876 | 9,840 | 11,313 | 13,175 | 15,573 | 14,392 | 14,579 | 18,353 | 21,235 | 20,909 | 22,552 | |
Operating Profit | 1,888 | 1,939 | 2,008 | 1,867 | 1,668 | 1,976 | 1,958 | 2,818 | 2,595 | 3,333 | 4,468 | 3,572 |
OPM % | 14% | 15% | 17% | 14% | 11% | 11% | 12% | 16% | 12% | 14% | 18% | 14% |
48 | -31 | 110 | 148 | 114 | -77 | 24 | -478 | 118 | 64 | 77 | -80 | |
Interest | 293 | 189 | 101 | 118 | 177 | 199 | 300 | 463 | 465 | 551 | 527 | 447 |
Depreciation | 411 | 388 | 427 | 462 | 593 | 813 | 1,138 | 1,315 | 1,400 | 1,419 | 1,478 | 1,498 |
Profit before tax | 1,232 | 1,331 | 1,591 | 1,436 | 1,012 | 888 | 543 | 561 | 848 | 1,427 | 2,540 | 1,547 |
Tax % | 18% | 27% | 29% | 23% | 28% | 23% | 12% | 38% | 25% | 27% | 32% | 28% |
1,005 | 978 | 1,123 | 1,099 | 724 | 680 | 476 | 350 | 639 | 1,046 | 1,722 | 1,121 | |
EPS in Rs | 19.94 | 19.21 | 22.06 | 21.59 | 12.65 | 11.88 | 8.33 | 5.51 | 10.06 | 16.47 | 27.11 | 17.66 |
Dividend Payout % | 4% | 10% | 9% | 14% | 24% | 27% | 36% | 63% | 32% | 27% | 22% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 10% |
3 Years: | 8% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 2% |
5 Years: | 21% |
3 Years: | 25% |
TTM: | -29% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 40% |
3 Years: | 31% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 4,524 | 4,991 | 6,554 | 7,239 | 9,719 | 9,983 | 9,873 | 11,380 | 11,689 | 12,515 | 13,839 | 14,702 |
1,613 | 1,106 | 1,547 | 3,437 | 4,661 | 5,111 | 6,764 | 7,334 | 7,061 | 6,421 | 4,905 | 4,410 | |
2,846 | 2,451 | 3,442 | 4,507 | 5,620 | 5,000 | 6,512 | 7,040 | 8,228 | 8,282 | 8,068 | 8,130 | |
Total Liabilities | 9,034 | 8,600 | 11,594 | 15,233 | 20,058 | 20,151 | 23,205 | 25,816 | 27,041 | 27,281 | 26,875 | 27,306 |
4,593 | 4,382 | 5,214 | 6,692 | 10,403 | 11,754 | 15,448 | 16,420 | 17,591 | 17,653 | 17,006 | 16,521 | |
CWIP | 46 | 218 | 994 | 2,915 | 2,304 | 1,539 | 1,642 | 1,107 | 618 | 253 | 348 | 325 |
Investments | 64 | 101 | 506 | 396 | 1,342 | 6 | 19 | 110 | 481 | 436 | 532 | 45 |
4,330 | 3,899 | 4,880 | 5,230 | 6,008 | 6,852 | 6,096 | 8,181 | 8,350 | 8,940 | 8,989 | 10,414 | |
Total Assets | 9,034 | 8,600 | 11,594 | 15,233 | 20,058 | 20,151 | 23,205 | 25,816 | 27,041 | 27,281 | 26,875 | 27,306 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,645 | 1,412 | 2,122 | 902 | 1,720 | 1,071 | 2,517 | 2,447 | 2,154 | 2,137 | 3,440 | 1,823 | |
-119 | -796 | -2,226 | -3,368 | -3,891 | -1,027 | -2,817 | -2,342 | -1,172 | -478 | -711 | -202 | |
-1,208 | -684 | -255 | 1,895 | 2,321 | -62 | 472 | 152 | -1,081 | -1,692 | -2,659 | -1,647 | |
Net Cash Flow | 319 | -68 | -358 | -571 | 150 | -18 | 173 | 257 | -100 | -34 | 70 | -26 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 28 | 27 | 33 | 31 | 35 | 27 | 21 | 29 | 36 | 37 | 38 | 43 |
Inventory Days | 97 | 92 | 119 | 140 | 128 | 125 | 129 | 129 | 122 | 110 | 113 | 127 |
Days Payable | 59 | 46 | 95 | 92 | 106 | 74 | 93 | 109 | 104 | 85 | 80 | 71 |
Cash Conversion Cycle | 67 | 73 | 58 | 80 | 57 | 78 | 57 | 49 | 54 | 63 | 72 | 99 |
Working Capital Days | 19 | 27 | 25 | 25 | 18 | 31 | 10 | 11 | 12 | 24 | 30 | 47 |
ROCE % | 26% | 26% | 23% | 16% | 9% | 9% | 5% | 9% | 7% | 10% | 16% | 11% |
Documents
Announcements
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Grant Of Options Under Apollo Tyres Limited Employees Stock Option Scheme-2025
17h - Grant of 26.69 lakh ESOPs at Rs.450 each under Apollo Tyres Employees Stock Option Scheme 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Q4 FY25 investor call recording available on Apollo Tyres website as per SEBI norms.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 15 May
- Announcement under Regulation 30 (LODR)-Investor Presentation 15 May
- Corporate Action-Board approves Dividend 14 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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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 2018
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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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Concalls
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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]