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Apollo Tyres Ltd

APOLLOTYRE

Apollo Tyres Ltd

APOLLOTYRE
Consumer DiscretionaryTires & Rubber
MidcapWith a market cap of ₹32,488 cr, stock is ranked 249
Moderate RiskStock is 2.21x as volatile as Nifty
502.251.82% (-9.30)
502.251.82% (-9.30)

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Consumer DiscretionaryTires & Rubber
MidcapWith a market cap of ₹32,488 cr, stock is ranked 249
Moderate RiskStock is 2.21x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryTires & Rubber
MidcapWith a market cap of ₹32,488 cr, stock is ranked 249
Moderate RiskStock is 2.21x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
19.972.341.17%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
42.927.320.46%

Forecast & Ratings

Detailed Forecast 
68%
Analysts have suggested that investors can buy this stock

from 25 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Apollo Tyres Limited is engaged in manufacturing and sale of automotive tires. The Company's segments include India, Europe and Others.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 7.64%, vs industry avg of 8.67%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 26.89% to 25.54%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 20.43%, vs industry avg of 18.19%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue11,961.1413,331.5514,957.0617,672.0816,373.8817,526.4121,071.1624,632.0425,531.6525,617.19
Raw Materialssubtract5,959.977,125.708,542.9510,608.658,883.949,074.6413,161.4614,940.2313,432.2121,267.35
Power & Fuel Costsubtract329.00326.72379.16488.86428.25469.30632.58793.03791.87
Employee Costsubtract1,570.791,926.972,156.652,429.582,482.202,513.372,574.242,619.922,964.00
Selling & Administrative Expensessubtract1,457.811,723.631,768.601,812.631,634.361,433.911,934.832,278.392,370.43
Operating & Other expensessubtract525.09213.55327.46432.94963.391,695.9455.53603.521,428.08
Depreciation/Amortizationsubtract426.79461.81592.55812.671,138.121,314.951,399.671,419.141,477.831,485.37
Interest & Other Itemssubtract101.04117.62177.36198.63300.17463.09465.16550.62527.03477.44
Taxes & Other Itemssubtract467.69336.55288.45208.2967.05211.01209.08381.34818.34760.08
EPS22.0621.5913.3911.888.335.8010.0616.4727.1125.62
DPS2.003.003.003.253.003.503.254.506.004.50
Payout ratio0.090.140.220.270.360.600.320.270.220.18

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Jun 17PDF
May 13PDF
Feb 3PDF
+2 more
FY 2023

Annual report

PDF

Investor Presentation

Jun 23PDF
Feb 6PDF
Nov 16PDF
+2 more
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTires & Rubber

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Apollo Tyres Ltd18.872.341.17%
MRF Ltd27.193.390.15%
Balkrishna Industries Ltd37.576.240.56%
CEAT Ltd19.233.050.98%

Price Comparison

Compare APOLLOTYRE with any stock or ETF
Compare APOLLOTYRE with any stock or ETF
APOLLOTYRE
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 3.70%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding37.36%19.23%5.89%14.46%23.06%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun22.36%23.41%22.10%17.96%18.15%14.46%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 2.47%

Top 5 Mutual Funds holding Apollo Tyres Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan

Growth
6.3557%2.74%-0.47%8/76 (-5)
HDFC Balanced Advantage Fund - Growth - Direct Plan

Growth
1.3654%0.47%-0.08%31/293 (-2)
Kotak Equity Opportunities Fund - Growth - Direct Plan

Growth
1.2441%1.60%-0.25%22/73 (-5)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Apollo Tyres Ltd

Events

Dividend Trend

No Trend In Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

APOLLOTYRE has shown inconsistent dividend trend over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.09%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.89 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 5, 2024

Final
Final | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

Jul 5, 2024

Cash Dividend

Ex DateEx DateJul 14, 2023

Special
Special | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Jul 14, 2023

Cash Dividend

Ex DateEx DateJul 14, 2023

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Jul 14, 2023

Cash Dividend

Ex DateEx DateJun 16, 2022

Final
Final | Div/Share: ₹3.25

Dividend/Share

3.25

Ex DateEx Date

Jun 16, 2022

Cash Dividend

Ex DateEx DateJul 15, 2021

Final
Final | Div/Share: ₹3.50

Dividend/Share

3.50

Ex DateEx Date

Jul 15, 2021

News & Opinions
Spotlight
Apollo Tyres Ltd gains for fifth session

Apollo Tyres Ltd gained for a fifth straight session today. The stock is quoting at Rs 513.5, up 0.94% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.05% on the day, quoting at 25185.05. The Sensex is at 82289.75, down 0.08%. Apollo Tyres Ltd has dropped around 0.36% in last one month. Meanwhile, Nifty Auto index of which Apollo Tyres Ltd is a constituent, has dropped around 5.83% in last one month and is currently quoting at 25934.25, up 0.06% on the day. The volume in the stock stood at 10.24 lakh shares today, compared to the daily average of 20.34 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 511.55, up 0.87% on the day. Apollo Tyres Ltd is up 34.34% in last one year as compared to a 28.42% gain in NIFTY and a 62.99% gain in the Nifty Auto index.The PE of the stock is 28.97 based on TTM earnings ending June 24.Powered by Capital Market - Live

1 month agoCapital Market - Live
Live Market Update
Barometers turn rangebound; metal stocks under pressure

The key equity benchmarks traded in a narrow range with modest losses in mid-afternoon trade. The Nifty traded below the 24,200 level after hitting the day's high of 24,340.50 in afternoon trade. Metal shares declined after advancing for the past two consecutive trading sessions. Trading was volatile due to weekly F Q2 at 7.2%; Q3 at 7.3%; and Q4 at 7.2%. Real GDP growth for Q1:2025-26 is projected at 7.2%. The projected CPI inflation for 2024-25 remains unchanged at 4.5%. The quarterly breakdown is as follows: Q2 at 4.4%; Q3 at 4.7%; and Q4 at 4.3%. CPI inflation for Q1:2025-26 is projected at 4.4%. During the recent policy meeting, Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shaktikanta Das voted to keep the policy repo rate unchanged at 6.50%. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted to reduce the policy repo rate by 25 basis points. The minutes of the MPC's meeting will be published on August 22, 2024. The next meeting of the MPC is scheduled during October 7 to 9, 2024. Buzzing Index: The Nifty Metal index fell 1.17% to 9,021.70. The index added 1.43% in the past two consecutive trading sessions. Steel Authority of India (down 3.3%), National Aluminium Company (down 3.07%), Jindal Steel & Power (down 2.11%), Tata Steel (down 1.92%), NMDC (down 1.67%), JSW Steel (down 1.41%), Hindalco Industries (down 1.28%), Vedanta (down 1.23%), Jindal Stainless (down 0.86%) and Welspun Corp (down 0.35%) declined. On the other hand, Hindustan Copper (up 0.71%),Adani Enterprises (up 0.6%) and APL Apollo Tubes (up 0.16%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal rallied 1.81% to 6.986 as compared with previous close 6.983. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9600, compared with its close of 83.9500 during the previous trading session. MCX Gold futures for 5 October 2024 settlement rose 0.01% to Rs 68,971. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.20% to 103. The United States 10-year bond yield fell 1.22% to 3.918. In the commodities market, Brent crude for October 2024 settlement lost 28 cents or 0.36% to $78.05 a barrel. Stocks in Spotlight: Apollo Tyres declined 1.90% after the company's consolidated net profit slipped 23.91% to Rs 302 crore in Q1 FY25 as against Rs 396.91 crore recorded in Q1 FY24. Revenue from operations grew by 1.45% to Rs 6,334.85 crore in Q1 FY25 as compared to Rs 6,244.58 crore posted in the same period a year ago. Balaji Amines tumbled 6.61% after the company's consolidated net profit declined 17.90% to Rs 43.29 crore in Q1 FY25 as against Rs 52.73 crore posted in Q1 FY24. Revenue from operations was at Rs 384.75 crore in Q1 FY25, down 17.02% from Rs 463.67 crore recorded in the corresponding quarter previous year. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Apollo Tyres slips as Q1 PAT drops 24% YoY to Rs 302 cr

Revenue from operations grew by 1.45% to Rs 6,334.85 crore in Q1 FY25 as compared to Rs 6,244.58 crore posted in the same period a year ago. Indian operations reported a steady growth in revenue, while European operations performed well under challenging conditions and in traditionally, one of their seasonally lower quarters, the company stated in the press release. Profit before exceptional items and tax stood at Rs 463.66 crore in Q1 FY25, down 21.36% from Rs 589.6 crore posted in Q1 FY24. Exceptional items were at Rs 40.41 crore during the quarter. EBITDA was at Rs 909.3 crore in the June quarter, registering a decline of 13.51% as against Rs 1,051.5 crore recorded in Q1 FY24. EBITDA margin reduced to 14.4% in the June quarter as compared to 16.8% reported in Q1 FY24. Onkar Kanwar, chairman, Apollo Tyres, said, 'The replacement and exports from India have witnessed a good growth, and we expect the same to continue in the coming quarters as well. Europe continues to perform well under current market conditions.' Apollo Tyres principal business activity is manufacturing and sale of automotive tyres. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Apollo Tyres consolidated net profit declines 23.91% in the June 2024 quarter

Net profit of Apollo Tyres declined 23.91% to Rs 302.00 crore in the quarter ended June 2024 as against Rs 396.91 crore during the previous quarter ended June 2023. Sales rose 1.45% to Rs 6334.85 crore in the quarter ended June 2024 as against Rs 6244.58 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales6334.856244.58 1 OPM %14.3516.84 - PBDT833.16951.58 -12 PBT463.66589.60 -21 NP302.00396.91 -24 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Apollo Tyres to table results

Apollo Tyres will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live

Apollo Tyres Ltd soars 1.71%, rises for third straight session

2 months agoBusiness Standard

Apollo Tyres plans to become net zero by 2050, says Chairman

2 months agoThe Hindu

​Apollo Tyres among 8 stocks with White Marubozu Pattern

2 months agoEconomic Times

Sensex Today | Stock Market LIVE Updates | Opening Bell: Sensex, Nifty turn negative after starting at record highs; Infosys surges 4%, Apollo Tyres declines 8% - The Economic Times

2 months agoEconomic Times

Marico, Apollo Tyres among top picks by Chandan Taparia of MOFSL

2 months agoBusiness Standard