company background image
APOL

Apollo Tyres NSEI:APOLLOTYRE Stock Report

Last Price

₹250.15

Market Cap

₹158.9b

7D

9.3%

1Y

12.6%

Updated

16 Aug, 2022

Data

Company Financials +
APOLLOTYRE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends5/6

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

Summary of all time highs, changes and price drops for Apollo Tyres
Historical stock prices
Current Share Price₹250.15
52 Week High₹257.55
52 Week Low₹165.25
Beta1.06
1 Month Change18.47%
3 Month Change16.84%
1 Year Change12.60%
3 Year Change51.42%
5 Year Change-3.66%
Change since IPO92.35%

Recent News & Updates

Jul 30
Apollo Tyres Limited (NSE:APOLLOTYRE) Shares Could Be 30% Above Their Intrinsic Value Estimate

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...

Jul 11
Apollo Tyres (NSE:APOLLOTYRE) May Have Issues Allocating Its Capital

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...

Shareholder Returns

APOLLOTYREIN Auto ComponentsIN Market
7D9.3%1.7%1.9%
1Y12.6%5.7%9.1%

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.

Price Volatility

Is APOLLOTYRE's price volatile compared to industry and market?
APOLLOTYRE volatility
APOLLOTYRE Average Weekly Movement4.1%
Auto Components Industry Average Movement6.1%
Market Average Movement6.3%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

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

FoundedEmployeesCEOWebsite
197219,112Onkar Kanwarhttps://www.apollotyres.com

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

How do Apollo Tyres's earnings and revenue compare to its market cap?
APOLLOTYRE fundamental statistics
Market Cap₹158.87b
Earnings (TTM)₹7.01b
Revenue (TTM)₹219.38b

22.6x

P/E Ratio

0.7x

P/S Ratio

Is APOLLOTYRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
APOLLOTYRE income statement (TTM)
Revenue₹219.38b
Cost of Revenue₹136.98b
Gross Profit₹82.40b
Other Expenses₹75.39b
Earnings₹7.01b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Aug 16, 2022

Earnings per share (EPS)11.05
Gross Margin37.56%
Net Profit Margin3.20%
Debt/Equity Ratio59.4%

How did APOLLOTYRE perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is APOLLOTYRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

APOLLOTYRE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA9.1x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does APOLLOTYRE's PE Ratio compare to its peers?

APOLLOTYRE PE Ratio vs Peers
The above table shows the PE ratio for APOLLOTYRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average49.8x
500290 MRF
58.9x38.7%₹369.1b
500878 CEAT
97.7x49.0%₹55.2b
502355 Balkrishna Industries
30.2x11.7%₹426.7b
530007 JK Tyre & Industries
16.3x50.9%₹32.8b
APOLLOTYRE Apollo Tyres
22.6x27.3%₹158.9b

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.

APOLLOTYRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.6x
Fair PE Ratio29.1x

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.


Discover undervalued companies

Future Growth

How is Apollo Tyres forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.3%

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%).


Discover growth companies

Past Performance

How has Apollo Tyres performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-7.2%

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.


Discover strong past performing companies

Financial Health

How is Apollo Tyres's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


Discover healthy companies

Dividend

What is Apollo Tyres's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.30%

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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

8.6yrs

Average management tenure


CEO

Onkar Kanwar (80 yo)

16.58yrs

Tenure

₹140,140,000

Compensation

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.


Leadership Team

Experienced Management: APOLLOTYRE's management team is seasoned and experienced (8.6 years average tenure).


Board Members

Experienced Board: APOLLOTYRE's board of directors are considered experienced (8.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Apollo Tyres Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Apollo Tyres Limited
  • Apollo House
  • 7 Institutional Area
  • Gurugram
  • Haryana
  • 122001
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


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.