Apollo Tyres Ltd.

•

apollotyres.comBSE: 500877NSE: APOLLOTYRE

Market Cap₹ 26,519 Cr.

Current Price

High / Low₹ 540 / 365

Stock P/E13.7

Book Value₹ 192

Price to Book2.20

Dividend Yield1.44 %

ROCE16.0 %

ROE16.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Automobile Tyres, Tubes & Flaps: 97.3% • Other Operatinig Revenues: 2.3% • Others: 0.3%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

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.

Confidence

74%

View full sector analysis →

PROS

Company has delivered good profit growth of 20.7% CAGR over last 5 years
Latest quarter profit grew 37.0% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.50x)
Stock looks reasonably valued - P/E of 13.7 is below its historical median
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesTyres & Allied

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY TOTAL MKT NIFTY 500

S.No.	Name
1.	MRF	128442.20	22.56	54474.17	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2165.45	29.78	41861.87	0.74	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	417.55	15.52	26518.64	1.44	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3280.45	22.51	13269.45	1.07	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	354.25	15.68	10212.66	1.13	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5144.15	42.64	3938.90	0.73	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	725.45	31.05	1673.36	3.65	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	89.49	10.86	353.56	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	4,413	4,407	4,332	4,387	4,592	4,462	4,540	4,581	4,725	4,715	5,139	5,237	5,462
	3,627	3,565	3,548	3,703	3,958	3,923	4,036	4,065	4,081	3,994	4,392	4,473	5,111
Operating Profit	787	841	784	684	633	539	504	515	645	721	747	764	351
OPM %	17.83%	19.09%	18.10%	15.60%	13.79%	12.08%	11.09%	11.25%	13.64%	15.28%	14.53%	14.59%	6.42%
	15	22	-2	25	-22	21	19	46	13	27	205	34	10
Interest	110	106	100	88	87	87	96	95	86	83	85	75	76
Depreciation	226	228	228	235	229	233	233	234	235	234	238	236	228
Profit before Tax	466	530	454	386	295	240	193	232	338	430	629	487	408
Tax %	35.07%	35.06%	34.93%	45.22%	34.91%	31.24%	36.11%	35.84%	34.21%	35.53%	28.62%	-85.37%	25.42%
Net Profit	303	344	296	212	192	165	124	149	222	277	449	903	304
	4.77	5.42	4.65	3.33	3.02	2.59	1.94	2.35	3.50	4.37	7.09	14.27	4.81

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	8,934	10,302	12,354	11,068	11,733	14,649	17,301	17,539	18,174	19,816	20,553
	7,603	9,050	10,871	9,665	9,696	13,215	15,188	14,440	15,981	16,937	17,971
Operating Profit	1,331	1,252	1,483	1,403	2,038	1,435	2,113	3,100	2,193	2,879	2,582
OPM %	14.90%	12.15%	12.00%	12.68%	17.37%	9.79%	12.21%	17.67%	12.07%	14.53%	12.56%
	135	120	-89	29	111	126	75	60	65	279	276
Interest	92	140	142	229	383	386	469	407	368	332	319
Depreciation	288	364	446	621	713	824	907	917	929	942	936
Profit before Tax	1,086	867	806	581	1,052	350	812	1,837	960	1,884	1,954
Tax %	26.06%	28.24%	26.57%	12.52%	31.29%	25.49%	35.95%	37.17%	34.46%	1.72%	1.05%
Net Profit	803	622	592	509	723	261	520	1,154	629	1,852	1,934
EPS	15.77	11.55	10.35	8.89	11.72	4.11	8.19	18.17	9.91	29.16	—
Dividend Payout %	19.02%	27.57%	31.40%	33.74%	30.75%	79.06%	54.97%	33.02%	50.45%	20.58%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 11%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: 21%
3 Years:: 53%

STOCK PRICE CAGR

10 Years:: 7%
5 Years:: 14%
3 Years:: 3%
1 Year:: -13%

RETURN ON EQUITY

10 Years:: 9%
5 Years:: 8%
3 Years:: 11%
Last Year:: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	5,280	7,203	7,584	7,635	9,409	9,455	9,537	10,376	10,609	11,817
	2,108	2,901	3,040	5,301	5,325	5,249	4,737	3,470	3,282	2,622
Trade Payables	1,041	1,513	1,369	1,611	1,929	2,784	2,471	1,961	2,224	2,097
	2,955	3,226	3,550	3,956	4,690	5,359	3,300	4,174	4,132	3,933
Total Liabilities	11,435	14,900	15,600	18,560	21,417	22,910	20,108	20,044	20,310	20,532
	4,795	5,714	6,400	9,285	10,234	11,829	11,814	11,296	10,911	10,458
Capital Work in Progress	621	672	655	1,272	1,030	542	116	175	181	479
	1,399	2,978	2,233	2,410	2,500	2,865	2,823	2,919	2,429	2,439
	1,729	1,721	2,051	1,808	2,077	2,464	2,277	2,323	3,007	3,116
	0	0	0	0	0	0	0	1,859	2,278	2,310
Cash & Bank	139	261	218	237	1,400	525	511	505	409	448
	2,751	3,554	4,044	3,549	4,176	4,684	2,568	966	1,094	1,282
Total Assets	11,435	14,900	15,600	18,560	21,417	22,910	20,108	20,044	20,310	20,532

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	587	1,132	786	2,022	1,669	1,703	1,705	2,085	1,153	2,211
Cash from Investing	-1,395	-2,754	-457	-2,675	-2,161	-887	-234	-435	-134	-475
Cash from Financing	906	1,934	-178	807	667	-638	-1,115	-1,656	-1,115	-1,701
	-159	113	-42	27	-0	90	184	-5	-96	36

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
37.36	37.36	37.36	37.36	36.95	36.95	36.93	36.93	36.93
14.38	14.47	14.13	13.35	12.19	11.82	12.18	12.07	10.01
25.13	25.56	26.12	26.51	27.54	27.93	27.89	27.56	29.05
1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.57
21.48	20.96	20.73	21.13	21.66	21.65	21.34	21.78	22.37

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Apollo Tyres Limited has informed the Exchange about Copy of Newspaper Publication for Postal Ballot Notice

2026-09-07

Shareholders meeting

2026-09-07 - Apollo Tyres Limited has informed the Exchange regarding Notice of Postal Ballot

2026-09-03

General Updates

2026-09-03 - Apollo Tyres Limited has informed the Exchange about ESG Rating

2026-08-25

General Updates

2026-08-25 - Apollo Tyres Limited has informed the Exchange about cut-off date for postal ballot

2026-08-14

General Updates

2026-08-14 - Apollo Tyres Limited has informed the Exchange about ESG Rating

2026-08-13

Appointment

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

Outcome of Board Meeting

2026-08-13 - Apollo Tyres Limited has informed the Exchange regarding Outcome of Board Meeting held on August 13, 2026.

2026-08-12

General Updates

2026-08-12 - Apollo Tyres Limited has informed the Exchange about report on Re-Lodgement of Transfer Requests of Physical Shares

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

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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Free 5nance Account

Name

MRF

128442.20

22.56

54474.17

0.18

495.35

-1.02

8415.50

9.64

16.04

11.77

BALKRISIND

2165.45

29.78

41861.87

0.74

450.77

56.35

3455.27

25.19

12.38

21.54

APOLLOTYRE

417.55

15.52

26518.64

1.44

348.87

2609.05

7397.79

12.76

9.22

11.73

CEATLTD

3280.45

22.51

13269.45

1.07

4.00

-96.44

4318.00

22.34

18.60

8.57

JKTYRE

354.25

15.68

10212.66

1.13

44.09

-73.01

3946.24

2.00

14.30

6.58

TVSSRICHAK

5144.15

42.64

3938.90

0.73

34.02

165.16

1067.61

30.29

4.80

7.57

GOODYEAR

725.45

31.05

1673.36

3.65

6.51

-53.86

774.35

18.00

14.67

1.30

TOLINS

89.49

10.86

353.56

0.00

6.19

-33.46

79.27

-11.67

21.30

11.24

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

4,413

4,407

4,332

4,387

4,592

4,462

4,540

4,581

4,725

4,715

5,139

5,237

5,462

3,627

3,565

3,548

3,703

3,958

3,923

4,036

4,065

4,081

3,994

4,392

4,473

5,111

Operating Profit

787

841

784

684

633

539

504

515

645

721

747

764

351

OPM %

17.83%

19.09%

18.10%

15.60%

13.79%

12.08%

11.09%

11.25%

13.64%

15.28%

14.53%

14.59%

6.42%

-2

-22

205

Interest

110

106

100

Depreciation

226

228

235

229

233

234

235

234

238

236

228

Profit before Tax

466

530

454

386

295

240

193

232

338

430

629

487

408

Tax %

35.07%

35.06%

34.93%

45.22%

34.91%

31.24%

36.11%

35.84%

34.21%

35.53%

28.62%

-85.37%

25.42%

Net Profit

303

344

296

212

192

165

124

149

222

277

449

903

304

4.77

5.42

4.65

3.33

3.02

2.59

1.94

2.35

3.50

4.37

7.09

14.27

4.81

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

8,934

10,302

12,354

11,068

11,733

14,649

17,301

17,539

18,174

19,816

20,553

7,603

9,050

10,871

9,665

9,696

13,215

15,188

14,440

15,981

16,937

17,971

Operating Profit

1,331

1,252

1,483

1,403

2,038

1,435

2,113

3,100

2,193

2,879

2,582

OPM %

14.90%

12.15%

12.00%

12.68%

17.37%

9.79%

12.21%

17.67%

12.07%

14.53%

12.56%

135

120

-89

111

126

279

276

Interest

140

142

229

383

386

469

407

368

332

319

Depreciation

288

364

446

621

713

824

907

917

929

942

936

Profit before Tax

1,086

867

806

581

1,052

350

812

1,837

960

1,884

1,954

Tax %

26.06%

28.24%

26.57%

12.52%

31.29%

25.49%

35.95%

37.17%

34.46%

1.72%

1.05%

Net Profit

803

622

592

509

723

261

520

1,154

629

1,852

1,934

EPS

15.77

11.55

10.35

8.89

11.72

4.11

8.19

18.17

9.91

29.16

—

Dividend Payout %

19.02%

27.57%

31.40%

33.74%

30.75%

79.06%

54.97%

33.02%

50.45%

20.58%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

5,280

7,203

7,584

7,635

9,409

9,455

9,537

10,376

10,609

11,817

2,108

2,901

3,040

5,301

5,325

5,249

4,737

3,470

3,282

2,622

Trade Payables

1,041

1,513

1,369

1,611

1,929

2,784

2,471

1,961

2,224

2,097

2,955

3,226

3,550

3,956

4,690

5,359

3,300

4,174

4,132

3,933

Total Liabilities

11,435

14,900

15,600

18,560

21,417

22,910

20,108

20,044

20,310

20,532

4,795

5,714

6,400

9,285

10,234

11,829

11,814

11,296

10,911

10,458

Capital Work in Progress

621

672

655

1,272

1,030

542

116

175

181

479

1,399

2,978

2,233

2,410

2,500

2,865

2,823

2,919

2,429

2,439

1,729

1,721

2,051

1,808

2,077

2,464

2,277

2,323

3,007

3,116

1,859

2,278

2,310

Cash & Bank

139

261

218

237

1,400

525

511

505

409

448

2,751

3,554

4,044

3,549

4,176

4,684

2,568

966

1,094

1,282

Total Assets

11,435

14,900

15,600

18,560

21,417

22,910

20,108

20,044

20,310

20,532

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

587

1,132

786

2,022

1,669

1,703

1,705

2,085

1,153

2,211

Cash from Investing

-1,395

-2,754

-457

-2,675

-2,161

-887

-234

-435

-134

-475

Cash from Financing

906

1,934

-178

807

667

-638

-1,115

-1,656

-1,115

-1,701

-159

113

-42

-0

184

-5

-96

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

37.36

36.95

36.93

14.38

14.47

14.13

13.35

12.19

11.82

12.18

12.07

10.01

25.13

25.56

26.12

26.51

27.54

27.93

27.89

27.56

29.05

1.57

21.48

20.96

20.73

21.13

21.66

21.65

21.34

21.78

22.37

Apollo Tyres Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Apollo Tyres Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI