Apollo Tyres Limited

NSEI:APOLLOTYRE Stock Report

Market Cap: ₹308.8b

Apollo Tyres Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (₹481.3) is trading above our estimate of fair value (₹352.95)

Significantly Below Fair Value: APOLLOTYRE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for APOLLOTYRE?

Key metric: As APOLLOTYRE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for APOLLOTYRE. This is calculated by dividing APOLLOTYRE's market cap by their current earnings.
What is APOLLOTYRE's PE Ratio?
PE Ratio21.1x
Earnings₹14.50b
Market Cap₹308.82b

Price to Earnings Ratio vs Peers

How does APOLLOTYRE's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.2x
502355 Balkrishna Industries
32.3x14.7%₹535.1b
MRF MRF
26.9x10.8%₹521.5b
500878 CEAT
20.1x19.5%₹114.3b
530007 JK Tyre & Industries
13.5x18.6%₹104.2b
APOLLOTYRE Apollo Tyres
21.1x17.8%₹308.8b

Price-To-Earnings vs Peers: APOLLOTYRE is good value based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

How does APOLLOTYRE's PE Ratio compare vs other companies in the IN Auto Components Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
513262 Steel Strips Wheels
4.8x-31.3%US$384.06m
INNOVATIVE Innovative Tyres & Tubes
0.3xn/aUS$1.22m
505100 India Radiators
0.8xn/aUS$94.74k
523415 Coventry Coil-O-Matic (Haryana)
0.9xn/aUS$88.40k
No more companies available in this PE range
APOLLOTYRE 21.1xIndustry Avg. 30.9xNo. of Companies17PE020406080100+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: APOLLOTYRE is good value based on its Price-To-Earnings Ratio (21.1x) compared to the Indian Auto Components industry average (30.9x).

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 Ratio21.1x
Fair PE Ratio32.8x

Price-To-Earnings vs Fair Ratio: APOLLOTYRE is good value based on its Price-To-Earnings Ratio (21.1x) compared to the estimated Fair Price-To-Earnings Ratio (32.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst APOLLOTYRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹481.30
₹538.50
+11.9%
11.0%₹635.00₹390.00n/a26
Nov ’25₹503.20
₹545.50
+8.4%
11.6%₹635.00₹410.00n/a26
Oct ’25₹550.75
₹539.33
-2.1%
11.5%₹635.00₹410.00n/a27
Sep ’25₹492.90
₹540.93
+9.7%
11.3%₹635.00₹410.00n/a28
Aug ’25₹551.60
₹547.89
-0.7%
12.2%₹640.00₹400.00n/a27
Jul ’25₹545.90
₹539.31
-1.2%
11.5%₹636.00₹400.00n/a26
Jun ’25₹463.50
₹532.38
+14.9%
11.5%₹636.00₹400.00n/a26
May ’25₹510.10
₹544.81
+6.8%
12.5%₹640.00₹375.00n/a26
Apr ’25₹465.30
₹545.50
+17.2%
13.5%₹640.00₹375.00n/a26
Mar ’25₹529.80
₹545.50
+3.0%
13.5%₹640.00₹375.00n/a26
Feb ’25₹533.95
₹473.32
-11.4%
12.3%₹562.00₹340.00n/a25
Jan ’25₹453.25
₹461.84
+1.9%
10.6%₹552.00₹340.00n/a25
Dec ’24₹442.45
₹449.44
+1.6%
12.4%₹552.00₹298.00n/a27
Nov ’24₹380.70
₹418.88
+10.0%
12.6%₹506.00₹290.00₹503.2026
Oct ’24₹368.65
₹419.92
+13.9%
12.2%₹506.00₹290.00₹550.7526
Sep ’24₹384.75
₹422.22
+9.7%
12.0%₹506.00₹290.00₹492.9027
Aug ’24₹427.25
₹417.26
-2.3%
12.4%₹519.00₹290.00₹551.6027
Jul ’24₹406.70
₹408.15
+0.4%
11.9%₹500.00₹290.00₹545.9026
Jun ’24₹391.00
₹398.35
+1.9%
11.2%₹457.00₹290.00₹463.5026
May ’24₹346.90
₹363.83
+4.9%
13.1%₹457.00₹260.00₹510.1024
Apr ’24₹319.90
₹362.58
+13.3%
12.9%₹457.00₹260.00₹465.3024
Mar ’24₹316.20
₹360.77
+14.1%
12.8%₹457.00₹260.00₹529.8026
Feb ’24₹329.45
₹330.12
+0.2%
14.5%₹421.00₹239.00₹533.9526
Jan ’24₹324.30
₹319.75
-1.4%
16.0%₹421.00₹184.00₹453.2527
Dec ’23₹315.50
₹319.75
+1.3%
16.0%₹421.00₹184.00₹442.4527
Nov ’23₹292.95
₹284.12
-3.0%
17.2%₹370.00₹184.00₹380.7026

Analyst Forecast: Target price is less than 20% higher than the current share price.

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