APOLLOTYRE Stock Overview
Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in the Asia Pacific, the Middle East, Africa, Europe, and internationally.
Apollo Tyres Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹250.15|
|52 Week High||₹257.55|
|52 Week Low||₹165.25|
|1 Month Change||18.47%|
|3 Month Change||16.84%|
|1 Year Change||12.60%|
|3 Year Change||51.42%|
|5 Year Change||-3.66%|
|Change since IPO||92.35%|
Recent News & Updates
Apollo Tyres Limited (NSE:APOLLOTYRE) Shares Could Be 30% Above Their Intrinsic Value Estimate
In this article we are going to estimate the intrinsic value of Apollo Tyres Limited ( NSE:APOLLOTYRE ) by projecting...
Apollo Tyres (NSE:APOLLOTYRE) May Have Issues Allocating Its Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
|APOLLOTYRE||IN Auto Components||IN Market|
Return vs Industry: APOLLOTYRE exceeded the Indian Auto Components industry which returned 3.3% over the past year.
Return vs Market: APOLLOTYRE exceeded the Indian Market which returned 8.3% over the past year.
|APOLLOTYRE Average Weekly Movement||4.1%|
|Auto Components Industry Average Movement||6.1%|
|Market Average Movement||6.3%|
|10% most volatile stocks in IN Market||9.0%|
|10% least volatile stocks in IN Market||4.1%|
Stable Share Price: APOLLOTYRE is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: APOLLOTYRE's weekly volatility (4%) has been stable over the past year.
About the Company
Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in the Asia Pacific, the Middle East, Africa, Europe, and internationally. It offers passenger car, sports utility vehicle, multi utility vehicle, light truck, truck-bus, agriculture, industrial, specialty, bicycle, off highway, and two-wheeler tires; retreading materials and tires; and alloy wheels. The company provides its products under the Apollo and Vredestein brands.
Apollo Tyres Fundamentals Summary
|APOLLOTYRE fundamental statistics|
Is APOLLOTYRE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|APOLLOTYRE income statement (TTM)|
|Cost of Revenue||₹136.98b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Aug 16, 2022
|Earnings per share (EPS)||11.05|
|Net Profit Margin||3.20%|
How did APOLLOTYRE perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is APOLLOTYRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for APOLLOTYRE?
Other financial metrics that can be useful for relative valuation.
|What is APOLLOTYRE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does APOLLOTYRE's PE Ratio compare to its peers?
|APOLLOTYRE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
502355 Balkrishna Industries
530007 JK Tyre & Industries
APOLLOTYRE Apollo Tyres
Price-To-Earnings vs Peers: APOLLOTYRE is good value based on its Price-To-Earnings Ratio (22.6x) compared to the peer average (49.8x).
Price to Earnings Ratio vs Industry
How does APOLLOTYRE's PE Ratio compare vs other companies in the IN Auto Components Industry?
Price-To-Earnings vs Industry: APOLLOTYRE is expensive based on its Price-To-Earnings Ratio (22.6x) compared to the Indian Auto Components industry average (22.1x)
Price to Earnings Ratio vs Fair Ratio
What is APOLLOTYRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||22.6x|
|Fair PE Ratio||29.1x|
Price-To-Earnings vs Fair Ratio: APOLLOTYRE is good value based on its Price-To-Earnings Ratio (22.6x) compared to the estimated Fair Price-To-Earnings Ratio (29.1x).
Share Price vs Fair Value
What is the Fair Price of APOLLOTYRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: APOLLOTYRE (₹250.15) is trading above our estimate of fair value (₹189.28)
Significantly Below Fair Value: APOLLOTYRE is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
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How is Apollo Tyres forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: APOLLOTYRE's forecast earnings growth (27.3% per year) is above the savings rate (6.8%).
Earnings vs Market: APOLLOTYRE's earnings (27.3% per year) are forecast to grow faster than the Indian market (18.5% per year).
High Growth Earnings: APOLLOTYRE's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: APOLLOTYRE's revenue (9.4% per year) is forecast to grow slower than the Indian market (10.5% per year).
High Growth Revenue: APOLLOTYRE's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: APOLLOTYRE's Return on Equity is forecast to be low in 3 years time (9.2%).
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How has Apollo Tyres performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APOLLOTYRE has high quality earnings.
Growing Profit Margin: APOLLOTYRE's current net profit margins (3.2%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: APOLLOTYRE's earnings have declined by 7.2% per year over the past 5 years.
Accelerating Growth: APOLLOTYRE's earnings growth over the past year (14.5%) exceeds its 5-year average (-7.2% per year).
Earnings vs Industry: APOLLOTYRE earnings growth over the past year (14.5%) underperformed the Auto Components industry 14.9%.
Return on Equity
High ROE: APOLLOTYRE's Return on Equity (6%) is considered low.
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How is Apollo Tyres's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: APOLLOTYRE's short term assets (₹78.5B) exceed its short term liabilities (₹74.5B).
Long Term Liabilities: APOLLOTYRE's short term assets (₹78.5B) exceed its long term liabilities (₹75.0B).
Debt to Equity History and Analysis
Debt Level: APOLLOTYRE's net debt to equity ratio (46.3%) is considered high.
Reducing Debt: APOLLOTYRE's debt to equity ratio has increased from 47.1% to 59.4% over the past 5 years.
Debt Coverage: APOLLOTYRE's debt is well covered by operating cash flow (32.1%).
Interest Coverage: APOLLOTYRE's interest payments on its debt are well covered by EBIT (3.2x coverage).
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What is Apollo Tyres's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APOLLOTYRE's dividend (1.3%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).
High Dividend: APOLLOTYRE's dividend (1.3%) is low compared to the top 25% of dividend payers in the Indian market (1.7%).
Stability and Growth of Payments
Stable Dividend: APOLLOTYRE's dividends per share have been stable in the past 10 years.
Growing Dividend: APOLLOTYRE's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.4%), APOLLOTYRE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.6%), APOLLOTYRE's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Onkar Kanwar (80 yo)
Mr. Onkar Singh Kanwar, B.Sc., Bach. of Admn., founded Apollo International Limited in 1994. Mr. Kanwar has been the Managing Director and Member of Management Board at Apollo Tyres Limited since January 2...
CEO Compensation Analysis
Compensation vs Market: Onkar's total compensation ($USD1.76M) is above average for companies of similar size in the Indian market ($USD565.27K).
Compensation vs Earnings: Onkar's compensation has been consistent with company performance over the past year.
Experienced Management: APOLLOTYRE's management team is seasoned and experienced (8.6 years average tenure).
Experienced Board: APOLLOTYRE's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Apollo Tyres Limited's employee growth, exchange listings and data sources
- Name: Apollo Tyres Limited
- Ticker: APOLLOTYRE
- Exchange: NSEI
- Founded: 1972
- Industry: Tires and Rubber
- Sector: Automobiles
- Implied Market Cap: ₹158.871b
- Shares outstanding: 635.10m
- Website: https://www.apollotyres.com
Number of Employees
- Apollo Tyres Limited
- Apollo House
- 7 Institutional Area
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/16 00:00|
|End of Day Share Price||2022/08/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.