Apollo Tyres Ltd logo

Apollo Tyres Ltd

APOLLOTYRE NSE

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]

AI Verdict: HOLD Confidence: 5%

Apollo Tyres trades at a PE of 19.8x with strong profit CAGR of 27% over 3 years, but tepid sales growth of 5% over the same period and a low ROE of 12% over 3 years suggest limited re-rating potential. The stock has returned -3% over the past year, indicating near-term momentum is weak despite decent long-term fundamentals.

Key Fundamentals

SmallcapTyresAutomobiles
Market Cap
₹27,611 Cr
Volatility
Moderate
P/E Ratio
19.94
EBITDA
₹3,110 Cr
Return on Equity
12.39%
Debt to Equity
0.33
Book Value
₹263.14
EPS
₹26.73
52W High
₹540.5
52W Low
₹365.3

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 23.8% 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 11.7% over last 3 years.

Growth Rate

Revenue Growth
8.62% ↗
Net Income Growth
-21.03% ↘
Cash Flow Change
-46.99% ↘
ROE
-38.74% ↘
ROCE
-34.71% ↗
EBITDA Margin (Avg.)
-22.13% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
HOLD
Risk medium

Apollo Tyres trades at a PE of 19.8x with strong profit CAGR of 27% over 3 years, but tepid sales growth of 5% over the same period and a low ROE of 12% over 3 years suggest limited re-rating potential. The stock has returned -3% over the past year, indicating near-term momentum is weak despite decent long-term fundamentals.

Bull Case 8
  • Strong compounded profit growth of 27% CAGR over 3 years demonstrates improving operational efficiency and margin expansion
  • TTM profit growth of 68% signals a significant earnings inflection in the most recent period
  • 5-year compounded profit CAGR of 24% is well above the sector median for auto ancillary companies
  • Healthy dividend payout ratio of 26.1% provides income support with a current yield of 0.82%
  • Majority analyst consensus is bullish with 54.17% recommending Buy (13 out of 24 analysts)
  • 10-year stock CAGR of 11% shows the company has created long-term shareholder value
  • ROE trending upward from 9% (10-year average) to 13% (last year) indicates improving capital efficiency
  • Price-to-book of 1.63x is reasonable for a company with improving return ratios
Bear Case 8
  • Poor compounded sales growth of only 5% over 3 years indicates weak top-line momentum
  • Stock has delivered -3% return over the past 1 year, underperforming broader market indices significantly
  • 3-year ROE of only 12% remains below the 15% threshold typically expected for quality compounders
  • 16.67% of analysts (4 out of 24) recommend Sell, reflecting meaningful skepticism on valuation
  • 3-year stock CAGR of just 1% suggests the market has not rewarded recent profit growth with multiple expansion
  • 10-year compounded profit growth of only 7% reveals that recent profit surge may not be structurally sustainable
  • TTM sales growth of 9% is modest for a consumer discretionary company in a growing economy like India
  • Low tax rate flagged as a concern — normalization of tax could compress earnings by 10-15%

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

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 1
  • GST penalty orders in Bihar Jun 5

    Apollo Tyres received GST penalty orders totaling Rs. 71 lacs from Deputy Commissioner, Bihar regarding Input Tax Credit and E-way Bill disputes. The company plans to appeal the orders.

Neutral 5
  • July 10 dividend record date fixed Jun 18

    Apollo Tyres fixed July 10, 2026 as the record date for FY26 final dividend. The 53rd AGM is scheduled for July 29, 2026.

  • ₹24.11 Cr block trade on NSE Jun 17

    Approximately 548,738 shares traded at ₹439.45 per share in a single block deal worth ₹24.11 crores, indicating institutional activity.

  • ₹31.72 Cr block trade on NSE May 26

    Approximately 805,483 shares traded at ₹393.80 per share in a block deal worth ₹31.72 crores, representing sizeable institutional transaction.

  • BofA India Conference participation May 27

    Apollo Tyres participated in the BofA India Conference on June 2, 2026 in Mumbai under SEBI regulations, signaling active institutional engagement.

  • Chief Quality Officer retires Jun 1

    Mr. Yoichi Sato, Chief-Quality & HSE Officer, retired effective May 31, 2026. A routine leadership transition with no stated operational disruption.

TL;DR: Apollo Tyres is in a relatively quiet news phase with no major operational or earnings catalysts. Institutional block trades at rising prices (₹393.80 on May 26 vs ₹439.45 on Jun 17) suggest steady demand. The GST penalty of Rs. 71 lacs is immaterial to a company of this size and is being contested. Near-term focus shifts to the AGM on July 29 and the FY26 final dividend payout.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
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
Expenses
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%
Other Income
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
PBT
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%
Net Profit
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
0.2
4.06
7.41
9.93
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
Expenses
10,876
9,840
11,313
13,175
15,573
14,392
14,579
18,353
21,235
20,909
22,528
24,327
Operating Profit
1,939
2,008
1,867
1,668
1,976
1,958
2,818
2,595
3,333
4,468
3,595
4,143
OPM %
15%
17%
14%
11%
11%
12%
16%
12%
14%
18%
14%
15%
Other Income
-31
110
148
114
-77
24
-478
118
64
77
-80
-900
Interest
189
101
118
177
199
300
463
465
551
527
470
392
Depreciation
388
427
462
593
813
1,138
1,315
1,400
1,419
1,478
1,498
1,543
PBT
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%
Net Profit
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
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
8,849
Total Liabilities
8,600
11,594
15,233
20,058
20,151
23,205
25,816
27,041
27,281
26,875
27,227
29,240
Fixed Assets
4,382
5,214
6,692
10,403
11,754
15,448
16,420
17,591
17,653
17,006
16,411
16,646
CWIP
218
994
2,915
2,304
1,539
1,642
1,107
618
253
348
435
918
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
11,614
Total Assets
8,600
11,594
15,233
20,058
20,151
23,205
25,816
27,041
27,281
26,875
27,227
29,240
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
-202
-1,341
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
-25
149
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
99
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 Mar 2026
Promoters 36.93%
DIIs 27.56%
Others 14.64%
FIIs 12.15%
Public 7.14%
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 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%
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%
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%
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%
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%
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%
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

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 Consumer Discretionary sector within the Auto Components 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 ₹27611.01 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 19.94. 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 1.42%. 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 12.39%. 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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