Apollo Tyres Ltd.
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ABOUT
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company has delivered good profit growth of 31.4% CAGR over last 5 years
- Latest quarter profit grew 2609.1% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.12x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- Company has a low return on equity of 9.9% over last 3 years
- Recurring exceptional / one-off items are inflating headline profit
- Growth is decelerating - 3Y profit CAGR (9.5%) trails the 5Y trend (31.4%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MRF | 128210.50 | 22.52 | 54375.91 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| BALKRISIND | 2194.50 | 30.18 | 42423.46 | 0.73 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| APOLLOTYRE | 419.40 | 15.59 | 26636.13 | 1.43 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| CEATLTD | 3294.20 | 22.60 | 13325.07 | 1.06 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| JKTYRE | 357.60 | 15.83 | 10309.23 | 1.12 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| TVSSRICHAK | 5221.35 | 43.28 | 3998.01 | 0.72 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| GOODYEAR | 724.95 | 31.02 | 1672.21 | 3.66 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| TOLINS | 91.05 | 11.04 | 359.73 | 0.00 | 6.19 | -33.46 | 79.27 | -11.67 | 21.30 | 11.24 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,245 | 6,280 | 6,595 | 6,258 | 6,335 | 6,437 | 6,928 | 6,424 | 6,561 | 6,831 | 7,743 | 7,336 | 7,398 | |
| 5,193 | 5,120 | 5,387 | 5,230 | 5,426 | 5,559 | 5,981 | 5,586 | 5,693 | 5,810 | 6,557 | 6,267 | 7,012 | |
| Operating Profit | 1,051 | 1,160 | 1,208 | 1,028 | 909 | 878 | 947 | 837 | 868 | 1,021 | 1,186 | 1,069 | 386 |
| OPM % | 16.84% | 18.47% | 18.32% | 16.43% | 14.35% | 13.64% | 13.67% | 13.04% | 13.23% | 14.94% | 15.32% | 14.57% | 5.21% |
| 22 | 13 | 3 | 38 | -10 | 16 | 4 | -91 | -351 | -150 | 22 | -421 | 35 | |
| Interest | 135 | 133 | 123 | 115 | 107 | 120 | 111 | 109 | 101 | 101 | 100 | 90 | 91 |
| Depreciation | 362 | 360 | 368 | 388 | 370 | 376 | 376 | 377 | 378 | 383 | 385 | 397 | 391 |
| Profit before Tax | 576 | 680 | 721 | 563 | 423 | 399 | 464 | 260 | 38 | 386 | 723 | 161 | 468 |
| Tax % | 31.14% | 30.27% | 31.10% | 37.12% | 28.65% | 25.44% | 27.42% | 29.00% | 66.53% | 33.17% | 34.94% | -290.78% | 25.41% |
| Net Profit | 0 | 0 | 0 | 0 | 302 | 297 | 337 | 185 | 13 | 258 | 471 | 631 | 349 |
| 6.25 | 7.47 | 7.82 | 5.58 | 4.76 | 4.68 | 5.31 | 2.91 | 0.20 | 4.07 | 7.43 | 9.97 | 5.52 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,180 | 14,843 | 17,549 | 16,350 | 17,397 | 20,948 | 24,568 | 25,378 | 26,123 | 28,471 | 29,308 | |
| 11,317 | 13,175 | 15,573 | 14,392 | 14,579 | 18,353 | 21,235 | 20,909 | 22,528 | 24,300 | 25,646 | |
| Operating Profit | 1,863 | 1,668 | 1,976 | 1,958 | 2,818 | 2,595 | 3,333 | 4,468 | 3,595 | 4,170 | 3,661 |
| OPM % | 14.14% | 11.24% | 11.26% | 11.98% | 16.20% | 12.39% | 13.57% | 17.61% | 13.76% | 14.65% | 12.49% |
| 152 | 114 | -77 | 24 | -478 | 118 | 64 | 76 | -81 | -900 | -514 | |
| Interest | 118 | 177 | 199 | 300 | 463 | 465 | 551 | 527 | 470 | 419 | 382 |
| Depreciation | 462 | 593 | 813 | 1,138 | 1,315 | 1,400 | 1,419 | 1,478 | 1,498 | 1,543 | 1,556 |
| Profit before Tax | 1,436 | 1,012 | 888 | 543 | 561 | 848 | 1,427 | 2,540 | 1,547 | 1,309 | 1,738 |
| Tax % | 23.44% | 28.49% | 23.45% | 12.34% | 37.60% | 24.66% | 26.72% | 32.22% | 27.50% | -4.83% | 1.73% |
| Net Profit | 1,099 | 724 | 680 | 476 | 350 | 639 | 1,046 | 1,722 | 1,121 | 1,372 | 1,708 |
| EPS | 21.59 | 13.43 | 11.88 | 8.33 | 5.68 | 10.06 | 16.47 | 27.11 | 17.66 | 21.61 | — |
| Dividend Payout % | 13.90% | 23.71% | 27.35% | 36.02% | 63.47% | 32.32% | 27.33% | 22.13% | 28.32% | 27.77% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 9%
- 5 Years:
- 10%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 2%
- 5 Years:
- 31%
- 3 Years:
- 9%
STOCK PRICE CAGR
- 10 Years:
- 7%
- 5 Years:
- 14%
- 3 Years:
- 3%
- 1 Year:
- -13%
RETURN ON EQUITY
- 10 Years:
- 8%
- 5 Years:
- 9%
- 3 Years:
- 10%
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 51 | 57 | 57 | 57 | 64 | 64 | 64 | 64 | 64 | 64 |
| 7,239 | 9,719 | 9,983 | 9,873 | 11,380 | 11,689 | 12,515 | 13,839 | 14,702 | 16,635 | |
| 4,018 | 5,388 | 5,763 | 8,307 | 8,410 | 8,025 | 7,175 | 4,936 | 4,612 | 3,728 | |
| Trade Payables | 1,732 | 2,447 | 2,066 | 2,309 | 2,807 | 3,531 | 3,396 | 2,726 | 2,874 | 3,224 |
| 3,755 | 4,205 | 4,234 | 4,891 | 5,572 | 6,078 | 4,133 | 5,311 | 4,975 | 5,383 | |
| Total Liabilities | 16,795 | 21,816 | 22,104 | 25,437 | 28,232 | 29,386 | 27,281 | 26,875 | 27,227 | 29,034 |
| 6,692 | 10,403 | 11,754 | 15,448 | 16,420 | 17,591 | 17,653 | 17,006 | 16,411 | 16,487 | |
| Capital Work in Progress | 2,872 | 2,268 | 1,526 | 1,642 | 1,107 | 595 | 199 | 283 | 325 | 918 |
| 396 | 1,342 | 6 | 19 | 110 | 481 | 436 | 532 | 45 | 62 | |
| 2,646 | 2,945 | 3,484 | 3,207 | 3,319 | 4,155 | 4,428 | 4,246 | 5,131 | 5,452 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,665 | 3,062 | 3,191 | |
| Cash & Bank | 337 | 599 | 563 | 750 | 2,146 | 1,081 | 846 | 922 | 898 | 1,044 |
| 3,852 | 4,258 | 4,771 | 4,371 | 5,132 | 5,483 | 3,718 | 1,221 | 1,355 | 1,879 | |
| Total Assets | 16,795 | 21,816 | 22,104 | 25,437 | 28,232 | 29,386 | 27,281 | 26,875 | 27,227 | 29,034 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,229 | 1,966 | 1,291 | 2,610 | 2,650 | 2,276 | 2,354 | 3,440 | 1,823 | 3,667 | |
| Cash from Investing | -2,952 | -3,863 | -996 | -2,796 | -2,344 | -1,172 | -478 | -711 | -202 | -1,341 |
| Cash from Financing | 1,895 | 2,321 | -62 | 472 | 152 | -1,081 | -1,692 | -2,659 | -1,647 | -2,177 |
| -155 | 178 | 13 | 194 | 255 | -100 | -34 | 70 | -26 | 149 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Apollo Tyres Limited has informed the Exchange about Copy of Newspaper Publication for Postal Ballot Notice
2026-09-07 - Apollo Tyres Limited has informed the Exchange regarding Notice of Postal Ballot
2026-09-03 - Apollo Tyres Limited has informed the Exchange about ESG Rating
2026-08-25 - Apollo Tyres Limited has informed the Exchange about cut-off date for postal ballot
2026-08-14 - Apollo Tyres Limited has informed the Exchange about ESG Rating
2026-08-13 - Apollo Tyres Limited has informed the Exchange regarding Appointment of Mr Rajeev Kumar Sinha as Executive Director of the company w.e.f. August 13, 2026.
2026-08-13 - Apollo Tyres Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.
2026-08-12 - Apollo Tyres Limited has informed the Exchange about report on Re-Lodgement of Transfer Requests of Physical Shares
2026-08-11 - Apollo Tyres Limited has informed the Exchange about Transcript
News
Recent coverage and analyst commentary for APOLLOTYRE
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Apollo Tyres Ltd.
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