Apollo Tyres Ltd

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

Apollo Tyres Ltd

₹ 438 -0.27%
09 Jul 12:52 p.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 ₹ 27,817 Cr.
  • Current Price ₹ 438
  • High / Low ₹ 540 / 365
  • Stock P/E 13.5
  • Book Value ₹ 263
  • Dividend Yield 1.37 %
  • ROCE 13.9 %
  • ROE 13.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 23.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.1%

Cons

  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.6% 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 BSE Consumer Discretionary BSE SmallCap Select Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
6,247 6,245 6,280 6,595 6,258 6,335 6,437 6,928 6,424 6,561 6,831 7,743 7,336
5,249 5,193 5,120 5,387 5,230 5,426 5,559 5,981 5,586 5,693 5,810 6,557 6,267
Operating Profit 998 1,051 1,160 1,208 1,028 909 878 947 837 868 1,021 1,186 1,069
OPM % 16% 17% 18% 18% 16% 14% 14% 14% 13% 13% 15% 15% 15%
40 22 13 3 38 -10 17 4 -91 -351 -150 23 -421
Interest 139 135 133 123 115 107 120 111 109 101 101 100 90
Depreciation 372 362 360 368 388 370 376 376 377 378 383 385 397
Profit before tax 527 576 680 721 563 423 399 465 260 38 386 723 162
Tax % 22% 31% 30% 31% 37% 29% 25% 27% 29% 66% 33% 35% -290%
410 397 474 497 354 302 297 337 185 13 258 471 631
EPS in Rs 6.46 6.25 7.47 7.82 5.58 4.76 4.68 5.31 2.91 0.20 4.06 7.41 9.93
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
12,815 11,849 13,180 14,843 17,549 16,350 17,397 20,948 24,568 25,378 26,123 28,471
10,876 9,840 11,313 13,175 15,573 14,392 14,579 18,353 21,235 20,909 22,528 24,300
Operating Profit 1,939 2,008 1,867 1,668 1,976 1,958 2,818 2,595 3,333 4,468 3,595 4,170
OPM % 15% 17% 14% 11% 11% 12% 16% 12% 14% 18% 14% 15%
-31 110 148 114 -77 24 -478 118 64 77 -80 -900
Interest 189 101 118 177 199 300 463 465 551 527 470 419
Depreciation 388 427 462 593 813 1,138 1,315 1,400 1,419 1,478 1,498 1,543
Profit before tax 1,331 1,591 1,436 1,012 888 543 561 848 1,427 2,540 1,547 1,309
Tax % 27% 29% 23% 28% 23% 12% 38% 25% 27% 32% 28% -5%
978 1,123 1,099 724 680 476 350 639 1,046 1,722 1,121 1,372
EPS in Rs 19.21 22.06 21.59 12.65 11.88 8.33 5.51 10.06 16.47 27.11 17.66 21.61
Dividend Payout % 10% 9% 14% 24% 27% 36% 63% 32% 27% 22% 28% 28%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 5%
TTM: 9%
Compounded Profit Growth
10 Years: 7%
5 Years: 24%
3 Years: 26%
TTM: 67%
Stock Price CAGR
10 Years: 11%
5 Years: 14%
3 Years: 1%
1 Year: -7%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 4,991 6,554 7,239 9,719 9,983 9,873 11,380 11,689 12,515 13,839 14,702 16,652
1,106 1,547 3,437 4,661 5,111 6,764 7,334 7,061 6,421 4,905 4,410 3,675
2,451 3,442 4,507 5,620 5,000 6,512 7,040 8,228 8,282 8,068 8,051 8,643
Total Liabilities 8,600 11,594 15,233 20,058 20,151 23,205 25,816 27,041 27,281 26,875 27,227 29,034
4,382 5,214 6,692 10,403 11,754 15,448 16,420 17,591 17,653 17,006 16,411 16,487
CWIP 218 994 2,915 2,304 1,539 1,642 1,107 618 253 348 435 1,077
Investments 101 506 396 1,342 6 19 110 481 436 532 45 62
3,899 4,880 5,230 6,008 6,852 6,096 8,181 8,350 8,940 8,989 10,335 11,408
Total Assets 8,600 11,594 15,233 20,058 20,151 23,205 25,816 27,041 27,281 26,875 27,227 29,034

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,412 2,122 902 1,720 1,071 2,517 2,447 2,154 2,137 3,440 1,823 3,667
-796 -2,226 -3,368 -3,891 -1,027 -2,817 -2,342 -1,172 -478 -704 -205 -1,344
-684 -255 1,895 2,321 -62 472 152 -1,081 -1,692 -2,659 -1,647 -2,177
Net Cash Flow -68 -358 -571 150 -18 173 257 -100 -34 76 -28 146
Free Cash Flow 781 507 -2,361 -1,348 -1,203 -288 1,291 337 1,374 2,766 1,093 2,312
CFO/OP 88% 125% 66% 118% 65% 133% 94% 88% 71% 86% 62% 98%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 27 33 31 35 27 21 29 36 37 38 43 41
Inventory Days 92 119 140 128 125 129 129 122 110 113 127 128
Days Payable 46 95 92 106 74 93 109 104 85 73 71 76
Cash Conversion Cycle 73 58 80 57 78 57 49 54 63 79 99 93
Working Capital Days 14 2 -5 -0 20 -22 -27 -23 -6 8 22 20
ROCE % 26% 23% 16% 9% 9% 5% 9% 7% 10% 16% 11% 14%

Insights

In beta
Mar 2016 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Passenger Vehicle Revenue Mix (Consolidated)
%

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Replacement Channel Mix (Consolidated)
%
Truck & Bus Revenue Mix (Consolidated)
%
Capacity Utilization - Europe
% ・Standalone data
Capacity Utilization - India
% ・Standalone data
Dealer Network - India
count ・Standalone data
Dealer Network - Europe
count ・Standalone data
UHP/UUHP Mix in Europe (Premiumization)
% ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

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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