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Balance sheet of Apollo Tyres is strong.
But short term working capital might become an issue for this company.
Yes, The debt of Apollo Tyres is increasing.
Latest debt of Apollo Tyres is ₹2,984 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹2,296 Crs.
The profit is oscillating.
The profit of Apollo Tyres is ₹1,290 Crs for TTM, ₹1,722 Crs for Mar 2024 and ₹1,046 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Apollo Tyres latest dividend payout ratio is 22.13% and 3yr average dividend payout ratio is 27.26%
Companies resources are majorly tied in miscellaneous assets