Apollo Tyres Ltd.

APOLLOTYRE

₹470.45

2.24% (10.3)

Market Cap

₹29,885 Cr.

P/E

23.15

About

Apollo Tyres Limited is a leading international tyre manufacturer based in India. The company specializes in manufacturing and selling automotive tyres under the brands Apollo and Vredestein, catering… Read more

Apollo Tyres Limited is a leading international tyre manufacturer based in India. The company … Read more

Low

371

52W Range

High

585

Timeline

Key company specific updates

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Forensics

10 Yes

Positive for this company

1 Neutral

Neutral for this company

6 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Depreciation Effect

Depreciation accounting is not leading to increase in profits
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Retail Holding

Retail has been selling the stock which is usually a good time to buy
Promoter Holding

Promoter has not sold any shares in the last 90 days
Revenue Recognition

Chances of aggressive revenue recognition - operating profit of company is not getting converted to cash and recievables rising faster than sales

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
ROE

Net profit margin is responsible for roe increase over last 10 years
Working Capital

Working capital of the company seems to be under control
Debt

Company should not have issues servicing its debt
Balance Sheet Strength

Balance sheet of the company is strong. it shouldnt have solvency or liquidity issues
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Share price

Share price has increased over last 10 years but more due to rerating
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

3 %

(as of Mar 19)

Source/Historic

Aftermarket Car Tyres Segment Market Share in Europe

21 %

(as of Mar 23)

Source/Historic

Tyres for Passenger Vehicles - Market Share

19 %

(as of Mar 18)

Historic

Tyres for Tractors - Market Share

31 %

(as of Mar 23)

Source/Historic

Tyres for Trucks & Buses - Market Share

7 %

(as of Mar 19)

Historic

Tyres for Two Wheeler Aftermarket Segment Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Customer Segment

Operating Profit Break-Up

OEM vs Aftermarket

Raw Material Break-Up

Asset Break-Up

Operational Metrics

R&D as a % of Total Sales (%)
Source

Peer Comparison

Corporate Actions

Consolidated

DATE

DETAILS

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Showing 5 of 15

Customers

Ashok Leyland Ltd.
Mahindra & Mahindra Ltd.
Maruti Suzuki India Ltd.
Tata Motors Ltd.
Audi
Fiat
Ford
General Motors
Hyundai
John Deere India
Mercedes-Benz
Toyota
Volkswagen
Volvo

Showing 5 of 14

FAQs on Apollo Tyres Ltd. Business

What does Apollo Tyres do?

Apollo Tyres Limited is a leading tyre brand in India that manufactures and sells automotive tyres under Apollo and Vredestein brands. The company offers a wide range of tyres and has a vast network of outlets across the world.

Who are the competitors of Apollo Tyres?

Apollo Tyres major competitors are CEAT, Balkrishna Inds., JK Tyres & Inds., MRF, TVS Srichakra, Goodyear India, PTL Enterprises.
Market Cap of Apollo Tyres is ₹29,224 Crs.
While the median market cap of its peers are ₹8,489 Crs.

Is Apollo Tyres financially stable compared to its competitors?

Apollo Tyres seems to be financially stable compared to its competitors.
The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.

View FAQ's On Shareprice

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