Apollo Tyres Ltd logo

Apollo Tyres Ltd

APOLLOTYRE NSE

Key Fundamentals

SmallcapTyresAutomobiles
Market Cap
₹28,043 Cr
Volatility
Moderate
P/E Ratio
16.52
EBITDA
₹4,277 Cr
Return on Equity
8.21%
Debt to Equity
0.22
Book Value
₹264.92
EPS
₹26.73
52W High
₹540.5
52W Low
₹365.3

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • 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%

Weaknesses

3
  • 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.

Growth Rate

Revenue Growth
9.13% ↗
Net Income Growth
22.39% ↗
Cash Flow Change
101.16% ↗
ROE
8.17% ↗
ROCE
-19.52% ↘
EBITDA Margin (Avg.)
7.09% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Apollo Tyres Ltd is a mid-cap tyre manufacturer with a market cap of ₹28,179 Cr, trading at a PE of 16.5x with strong recent profit growth of 73% TTM but modest sales growth of 11% TTM. The company has improved its ROE to 13% in the last year from a 10-year average of 9%, while maintaining a dividend yield of 1.35%.

Bull Case 7
  • Strong profit growth with 73% TTM compounded profit growth and 26% CAGR over 3 years, indicating significant margin expansion
  • 5-year compounded profit CAGR of 24% substantially outpaces the 10-year CAGR of 7%, showing accelerating earnings momentum
  • Reasonable valuation at PE of 16.5x given the strong profit growth trajectory, with price-to-book at 1.68x
  • ROE has improved from a 10-year average of 9% to 13% in the last year, reflecting better capital efficiency
  • Consistent dividend payout of 26.1% with a current yield of 1.35%, providing income visibility to shareholders
  • 5-year stock CAGR of 15% and 10-year CAGR of 10% demonstrate sustained long-term wealth creation
  • TTM sales growth of 11% shows an acceleration compared to the 3-year compounded sales growth of 5%
Bear Case 7
  • Poor sales growth of only 10% CAGR over 5 years in a cyclical industry suggests limited top-line pricing power or volume expansion
  • 3-year ROE of only 12% and 5-year ROE of 10% remain below desirable thresholds for a capital-intensive manufacturer
  • 1-year stock CAGR of 0% indicates the market has not rewarded the company despite strong profit growth, suggesting concerns about sustainability
  • 3-year compounded sales growth of only 5% is significantly below inflation-adjusted growth expectations for an auto-ancillary business
  • The divergence between 73% TTM profit growth and 11% TTM sales growth suggests margin gains may be cyclical (raw material tailwinds) rather than structural
  • Low reported tax rate raises questions about the sustainability of net profit figures and effective tax normalization risk
  • 10-year compounded profit CAGR of only 7% reveals the recent profit surge is not representative of long-term earning power

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • CFO resigns as Whole-time Director Aug 6

    Gaurav Kumar, CFO, resigned as Whole-time Director effective August 6, 2026. Leadership transition at a senior finance role introduces near-term uncertainty.

Positives 3
  • Q1FY26 profit surges 26x YoY Aug 6

    Consolidated net profit jumped to ₹3,489 million in Q1FY26 from ₹129 million a year ago, a 26x increase reflecting strong operational performance.

  • ₹2.50 dividend, 250% payout approved Jul 29

    53rd AGM on July 29 approved a 250% final dividend (₹2.50 per share) and reappointed key board members including Ms. Lakshmi Puri.

  • New WTD appointment strengthens board Aug 13

    Rajeev Kumar Sinha, a 36-year company veteran and Chief Manufacturing & Sustainability Officer, appointed Whole-time Director effective August 13, 2026.

Neutral 2
  • Dual-geography capacity expansion planned Aug 10

    Apollo Tyres plans to raise daily car tyre output from 17,000 to 21,000 units at its Hungary facility in H2, while India capacity is set to launch by end of FY27 and ramp through FY28.

  • Q1FY27 earnings call scheduled Jul 30

    Investor conference call to discuss Q1FY27 financials scheduled for August 7, 2026 at 3:30 PM IST.

TL;DR: Apollo Tyres is delivering strong earnings growth with Q1FY26 profit surging 26x YoY to ₹3,489 million, supported by shareholder-friendly actions like a 250% dividend. Capacity expansion in Hungary and India signals confidence in demand. The CFO's resignation introduces mild leadership transition risk, but a swift WTD appointment suggests continuity. The trend is improving with earnings momentum and growth capex intact heading into FY27-28.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
6,245
6,280
6,595
6,258
6,335
6,437
6,928
6,424
6,561
6,831
7,743
7,336
7,398
Expenses
5,193
5,120
5,387
5,230
5,426
5,559
5,981
5,586
5,693
5,810
6,557
6,267
6,530
Operating Profit
1,051
1,160
1,208
1,028
909
878
947
837
868
1,021
1,186
1,069
868
OPM %
17%
18%
18%
16%
14%
14%
14%
13%
13%
15%
15%
15%
12%
Other Income
22
13
3
38
-10
17
4
-91
-351
-150
23
-421
82
Interest
135
133
123
115
107
120
111
109
101
101
100
90
91
Depreciation
362
360
368
388
370
376
376
377
378
383
385
397
391
PBT
576
680
721
563
423
399
465
260
38
386
723
162
468
Tax %
31%
30%
31%
37%
29%
25%
27%
29%
66%
33%
35%
-290%
25%
Net Profit
397
474
497
354
302
297
337
185
13
258
471
631
349
EPS in Rs
6.25
7.47
7.82
5.58
4.76
4.68
5.31
2.91
0.2
4.06
7.41
9.93
5.49
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
12,815
11,849
13,180
14,843
17,549
16,350
17,397
20,948
24,568
25,378
26,123
28,471
29,308
Expenses
10,876
9,840
11,313
13,175
15,573
14,392
14,579
18,353
21,235
20,909
22,528
24,300
25,164
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
4,143
OPM %
15%
17%
14%
11%
11%
12%
16%
12%
14%
18%
14%
15%
14%
Other Income
-31
110
148
114
-77
24
-478
118
64
77
-80
-900
-466
Interest
189
101
118
177
199
300
463
465
551
527
470
419
382
Depreciation
388
427
462
593
813
1,138
1,315
1,400
1,419
1,478
1,498
1,543
1,556
PBT
1,331
1,591
1,436
1,012
888
543
561
848
1,427
2,540
1,547
1,309
1,739
Tax %
27%
29%
23%
28%
23%
12%
38%
25%
27%
32%
28%
-5%
—
Net Profit
978
1,123
1,099
724
680
476
350
639
1,046
1,722
1,121
1,372
1,708
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
26.89
Div. Payout %
10%
9%
14%
24%
27%
36%
63%
32%
27%
22%
28%
28%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
1,106
1,547
3,437
4,661
5,111
6,764
7,334
7,061
6,421
4,905
4,410
3,675
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,412
2,122
902
1,720
1,071
2,517
2,447
2,154
2,137
3,440
1,823
3,667
Investing
-796
-2,226
-3,368
-3,891
-1,027
-2,817
-2,342
-1,172
-478
-704
-205
-1,344
Financing
-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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 36.93%
DIIs 29.04%
Others 14.73%
FIIs 10.08%
Public 7.64%
Government 1.57%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
37.31%
37.60%
37.34%
37.34%
37.34%
37.34%
37.34%
37.34%
37.34%
37.34%
37.34%
37.34%
37.36%
37.36%
37.36%
37.36%
37.36%
36.95%
36.95%
36.93%
36.93%
36.93%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.11%
0.12%
0.08%
0.08%
22.10%
0.08%
18.15%
14.46%
14.55%
14.21%
13.43%
12.27%
11.90%
12.26%
12.15%
10.08%
DIIs
11.54%
11.58%
14.38%
14.71%
14.36%
13.42%
17.87%
17.13%
17.77%
17.22%
17.74%
21.73%
21.98%
25.13%
25.56%
26.12%
26.51%
27.53%
27.93%
27.90%
27.56%
29.04%
Government
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
1.57%
Public
7.48%
7.99%
8.29%
8.73%
8.88%
8.65%
7.11%
6.79%
6.80%
6.39%
7.17%
6.62%
6.69%
7.29%
6.80%
6.58%
6.94%
7.17%
7.16%
6.82%
7.14%
7.64%
Others
42.10%
41.26%
38.42%
37.65%
37.84%
39.01%
35.99%
37.05%
36.43%
37.39%
14.08%
32.66%
14.24%
14.19%
14.16%
14.16%
14.19%
14.49%
14.49%
14.51%
14.64%
14.73%
No. of Shareholders
2,37,503
2,67,218
2,90,077
3,13,837
3,28,179
3,22,777
2,81,728
2,85,192
2,82,649
2,86,777
3,33,827
3,36,846
3,72,372
4,24,206
4,29,251
4,17,861
4,27,248
4,21,813
4,24,104
4,01,081
4,08,704
4,26,532

Documents

Frequently Asked Questions about Apollo Tyres Ltd

What does Apollo Tyres Ltd do?
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 equip...
Where is Apollo Tyres Ltd (APOLLOTYRE) listed?
Apollo Tyres Ltd is listed on the Indian stock exchanges. It is listed on NSE: APOLLOTYRE and BSE: 500877. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Apollo Tyres Ltd belong to?
Apollo Tyres Ltd operates in the Automobiles sector within the Tyres industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Apollo Tyres Ltd?
Apollo Tyres Ltd has a market capitalisation of approximately ₹28042.88 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Apollo Tyres Ltd?
The Price-to-Earnings (PE) ratio of Apollo Tyres Ltd is 16.52. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Apollo Tyres Ltd?
Over the past 52 weeks, Apollo Tyres Ltd has traded between a low of ₹365.3 and a high of ₹540.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Apollo Tyres Ltd pay dividends?
Yes, Apollo Tyres Ltd has a dividend yield of 1.35%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Apollo Tyres Ltd?
Apollo Tyres Ltd has a Return on Equity (ROE) of 8.21%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Apollo Tyres Ltd on Tapetide?
On Tapetide, you can view Apollo Tyres Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website apollotyres.com
CEO Mr. Onkar Singh Kanwar B Sc
Employees 7,302
Listed 1995-05-31
Face Value ₹ 1
Issued Size 63,51,00,946

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