Apollo Tyres Ltd
APOLLOTYREApollo Tyres Ltd
APOLLOTYREPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
19.97 | 2.34 | 1.17% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
42.92 | 7.32 | 0.46% |
Forecast & Ratings
Detailed Forecast from 25 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Apollo Tyres Limited is engaged in manufacturing and sale of automotive tires. The Company's segments include India, Europe and Others.
Peers
Compare with peersMRF Ltd
Balkrishna Industries Ltd
CEAT Ltd
JK Tyre & Industries Ltd
Kesoram Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 11,961.14 | 13,331.55 | 14,957.06 | 17,672.08 | 16,373.88 | 17,526.41 | 21,071.16 | 24,632.04 | 25,531.65 | 25,617.19 | ||||||||||
Raw Materials | 5,959.97 | 7,125.70 | 8,542.95 | 10,608.65 | 8,883.94 | 9,074.64 | 13,161.46 | 14,940.23 | 13,432.21 | 21,267.35 | ||||||||||
Power & Fuel Cost | 329.00 | 326.72 | 379.16 | 488.86 | 428.25 | 469.30 | 632.58 | 793.03 | 791.87 | |||||||||||
Employee Cost | 1,570.79 | 1,926.97 | 2,156.65 | 2,429.58 | 2,482.20 | 2,513.37 | 2,574.24 | 2,619.92 | 2,964.00 | |||||||||||
Selling & Administrative Expenses | 1,457.81 | 1,723.63 | 1,768.60 | 1,812.63 | 1,634.36 | 1,433.91 | 1,934.83 | 2,278.39 | 2,370.43 | |||||||||||
Operating & Other expenses | 525.09 | 213.55 | 327.46 | 432.94 | 963.39 | 1,695.94 | 55.53 | 603.52 | 1,428.08 | |||||||||||
EBITDA | 2,118.48 | 2,014.98 | 1,782.24 | 1,899.42 | 1,981.74 | 2,339.25 | 2,712.52 | 3,396.95 | 4,545.06 | 4,349.84 | ||||||||||
Depreciation/Amortization | 426.79 | 461.81 | 592.55 | 812.67 | 1,138.12 | 1,314.95 | 1,399.67 | 1,419.14 | 1,477.83 | 1,485.37 | ||||||||||
PBIT | 1,691.69 | 1,553.17 | 1,189.69 | 1,086.75 | 843.62 | 1,024.30 | 1,312.85 | 1,977.81 | 3,067.23 | 2,864.47 | ||||||||||
Interest & Other Items | 101.04 | 117.62 | 177.36 | 198.63 | 300.17 | 463.09 | 465.16 | 550.62 | 527.03 | 477.44 | ||||||||||
PBT | 1,590.65 | 1,435.55 | 1,012.33 | 888.12 | 543.45 | 561.21 | 847.69 | 1,427.19 | 2,540.20 | 2,387.03 | ||||||||||
Taxes & Other Items | 467.69 | 336.55 | 288.45 | 208.29 | 67.05 | 211.01 | 209.08 | 381.34 | 818.34 | 760.08 | ||||||||||
Net Income | 1,122.96 | 1,099.00 | 723.88 | 679.83 | 476.40 | 350.20 | 638.61 | 1,045.85 | 1,721.86 | 1,626.95 | ||||||||||
EPS | 22.06 | 21.59 | 13.39 | 11.88 | 8.33 | 5.80 | 10.06 | 16.47 | 27.11 | 25.62 | ||||||||||
DPS | 2.00 | 3.00 | 3.00 | 3.25 | 3.00 | 3.50 | 3.25 | 4.50 | 6.00 | 4.50 | ||||||||||
Payout ratio | 0.09 | 0.14 | 0.22 | 0.27 | 0.36 | 0.60 | 0.32 | 0.27 | 0.22 | 0.18 |
Company Updates
Peers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Apollo Tyres Ltd | 18.87 | 2.34 | 1.17% |
MRF Ltd | 27.19 | 3.39 | 0.15% |
Balkrishna Industries Ltd | 37.57 | 6.24 | 0.56% |
CEAT Ltd | 19.23 | 3.05 | 0.98% |
Price Comparison
Compare APOLLOTYRE with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 3.70%
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 6.3557% | Percentage of the fund’s portfolio invested in the stock 2.74% | Change in the portfolio weight of the stock over the last 3 months -0.47% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 8/76 (-5) |
HDFC Balanced Advantage Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3654% | Percentage of the fund’s portfolio invested in the stock 0.47% | Change in the portfolio weight of the stock over the last 3 months -0.08% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 31/293 (-2) |
Kotak Equity Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2441% | Percentage of the fund’s portfolio invested in the stock 1.60% | Change in the portfolio weight of the stock over the last 3 months -0.25% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 22/73 (-5) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Trend In Dividends
APOLLOTYRE has shown inconsistent dividend trend over the last 5 years
Dividend Yield
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
Dividend/Share
₹6.00
Ex DateEx Date
Jul 5, 2024
Cash Dividend
Ex DateEx DateJul 14, 2023
Dividend/Share
₹0.50
Ex DateEx Date
Jul 14, 2023
Cash Dividend
Ex DateEx DateJul 14, 2023
Dividend/Share
₹4.00
Ex DateEx Date
Jul 14, 2023
Cash Dividend
Ex DateEx DateJun 16, 2022
Dividend/Share
₹3.25
Ex DateEx Date
Jun 16, 2022
Cash Dividend
Ex DateEx DateJul 15, 2021
Dividend/Share
₹3.50
Ex DateEx Date
Jul 15, 2021
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
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
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
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
Apollo Tyres will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live
Apollo Tyres Ltd soars 1.71%, rises for third straight session
Apollo Tyres plans to become net zero by 2050, says Chairman
Apollo Tyres among 8 stocks with White Marubozu Pattern
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
Marico, Apollo Tyres among top picks by Chandan Taparia of MOFSL
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.64%, vs industry avg of 8.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 26.89% to 25.54%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 20.43%, vs industry avg of 18.19%