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Apollo Tyres

APOLLOTYRE NSE
₹402.40 No trade today
P/E
14.96
View as Markdown
MCP
Close 4 Nov 2026 ₹402.40 −103.40 −20.4% 1Y
Start ₹505.80

Key Fundamentals

SmallcapAuto ComponentsConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
13.90%
Debt to Equity
0.22
EPS (TTM)
₹26.89
Book Value
₹264.92
Market Cap
—
P/E (TTM)
14.96
P/B
1.52
ROE
13.10%
Dividend Yield
1.51%
EBITDA
₹4,277 Cr
52W High
₹540.50
52W Low
₹365.30
Volume
0

Peer Comparison

Consumer Discretionary › Automobiles › Tyres › Tyres & Rubber Products

Apollo Tyres peer comparison
MRF
₹1,17,985.0020.70₹49,969 Cr2.390.20%12.50%15.70%₹31,889 Cr₹2,418 Cr
Balkrishna Industries
₹2,243.7030.86₹42,899 Cr3.960.18%9.66%11.20%₹11,518 Cr₹1,405 Cr
Apollo Tyres (this company)
₹402.4014.96₹25,493 Cr1.521.51%13.10%13.90%₹29,308 Cr₹1,709 Cr
CEAT
₹3,415.1026.78₹13,601 Cr2.781.05%16.10%19.20%₹17,456 Cr₹515 Cr
JK Tyre & Industries
₹332.8514.35₹9,612 Cr1.581.23%16.00%15.50%₹16,404 Cr₹657 Cr
TVS Srichakra
₹4,235.3035.11₹3,250 Cr2.730.91%5.75%7.85%₹3,892 Cr₹92 Cr
Goodyear
₹667.2528.55₹1,538 Cr2.553.99%12.60%17.40%₹2,594 Cr₹54 Cr
Median 7 companies₹2,243.7026.78₹13,601 Cr2.551.05%12.60%15.50%₹16,404 Cr₹657 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

60 Good

Data confidence 100/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
94
Strong
Cheap vs sector & own history 24% weight
Growth
35
Poor
Sales & profit trajectory 9% weight
Financial Health
35
Poor
Solvency, leverage, coverage 9% weight
Momentum
29
Poor
Trend strength, vol-adjusted 12% weight
Ownership
70
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 23.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.1%

Weaknesses

3
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.6% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
52.03
Neutral
MACD (12,26,9)
−4.94
Bullish
SMA (50)
410.16
Bearish
SMA (200)
429.78
Bearish

As of

Analyst Rating

Based on 24 analysts
BUY63%

15 of 24 analysts rate Buy, 6 Hold, 3 Sell.

As of

BUY
15
63%
HOLD
6
25%
SELL
3
13%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.16%
5Y+10.35%
3Y+5.04%
1Y+8.99%
TTM+11.23%

Net profit

Net profit growth by window
10Y+2.02%
5Y+31.42%
3Y+9.46%
1Y+22.39%
TTM+105.41%

Operating cash flow

Operating cash flow growth by window
10Y+5.62%
5Y+8.43%
3Y+19.72%
1Y+101.15%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−2.30 pp
5Y−1.55 pp
3Y+1.08 pp
1Y+0.89 pp
TTM+0.74 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹13,180 Cr
Mar 2018₹14,843 Cr
Mar 2019₹17,549 Cr
Mar 2020₹16,350 Cr
Mar 2021₹17,397 Cr
Mar 2022₹20,948 Cr
Mar 2023₹24,568 Cr
Mar 2024₹25,378 Cr
Mar 2025₹26,123 Cr
Mar 2026₹28,471 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1,099 Cr
Mar 2018₹724 Cr
Mar 2019₹680 Cr
Mar 2020₹476 Cr
Mar 2021₹350 Cr
Mar 2022₹639 Cr
Mar 2023₹1,046 Cr
Mar 2024₹1,722 Cr
Mar 2025₹1,121 Cr
Mar 2026₹1,372 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹901 Cr −5.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk medium

Apollo Tyres Ltd trades at ₹396.3 as of 2026-11-03 with a market cap of ₹25,292.9 crore. The stock sits at a P/E of 14.74x on TTM EPS of ₹26.89, with a comfortable debt-to-equity ratio of 0.22 and a dividend yield of 1.54%. The company has shown strong profit growth over recent years but faces headwinds on sales growth and return ratios.

Bull Case 8
  • TTM profit growth of 73% signals a sharp earnings acceleration, significantly ahead of the 5-year compounded profit growth of 24%
  • Compounded profit CAGR of 23.6% over the last 5 years demonstrates sustained earnings improvement over a meaningful period
  • Debt-to-equity ratio of just 0.22 indicates a conservatively leveraged balance sheet, providing financial flexibility
  • P/E of 14.74x on TTM earnings is modest for an auto-ancillary company that has delivered double-digit profit compounding
  • Consistent dividend payout of 26.1% of profits and a current yield of 1.54% provide tangible shareholder returns
  • 10-year compounded sales CAGR of 9% and profit CAGR of 7% show the business has scaled through multiple cycles
  • P/B ratio of 1.5x is undemanding given the improving profitability trajectory and low leverage on the balance sheet
  • TTM sales growth of 11% shows a pickup from the 3-year compounded sales CAGR of 5%, suggesting revenue momentum is improving
Bear Case 7
  • Stock is down 16% over the past 1 year and trades 26.7% below its 52-week high of ₹540.5, reflecting sustained negative price momentum
  • Compounded sales growth of only 5% over 3 years and 10.4% over 5 years is tepid for a mid-cap industrial company
  • ROE of 8.21% and ROCE of 8.04% as of the latest period are below the cost of equity for most investors, indicating subpar capital efficiency
  • 3-year average ROE of 12% and 5-year average ROE of 10% remain low, suggesting structural challenges in generating high returns on capital
  • The 5-year stock CAGR of 11% has barely kept pace with the broader market despite a 24% profit CAGR, implying valuation de-rating
  • Tax rate appears low, which means reported earnings may overstate normalized profitability; any normalization could compress EPS
  • The tyre industry is exposed to raw material cost volatility — natural rubber and crude-linked inputs can swing margins sharply in either direction

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Apollo Tyres is delivering solid top-line and profit growth with Q2FY27 revenue up 16.6% and net profit up 13% YoY. However, a sharp margin contraction from 14.94% to 10.73% signals rising cost pressures that could weigh on profitability. Leadership transition at the CFO level adds near-term uncertainty, though a replacement has been named. The key watch item going forward is whether margin recovery materializes in H2FY27 amid input cost trends.

Headwinds 2
  • Operating margin contracts sharply Nov 04

    Operating margin fell to 10.73% in Q2FY27 from 14.94% a year ago, a contraction of over 420 basis points YoY despite revenue growth.

  • CFO resignation mid-year Oct 07

    CFO Gaurav Kumar resigned effective October 6, 2026, citing personal and professional challenges. The departure creates a leadership transition risk at a key finance role.

Positives 3
  • Revenue grows 16.6% YoY Nov 04

    Revenue from operations rose 16.6% YoY to ₹79,681.50 million in Q2FY27, indicating healthy top-line momentum.

  • Net profit up 13% YoY Nov 04

    Consolidated net profit increased 13.2% YoY to ₹2,922.87 million in Q2FY27.

  • New WTD approved overwhelmingly Oct 08

    Shareholders approved Rajeev Kumar Sinha as Whole-time Director with 99.64% votes in favour, signaling strong board confidence.

Neutral 2
  • New CFO appointed Nov 04

    Board appointed Ravi Kumar Shingari as new CFO, filling the vacancy created by Gaurav Kumar's resignation.

  • NCD issue up to ₹10,000M Nov 04

    Board authorized a non-convertible debenture issue of up to ₹10,000 million via private placement to support funding needs.

Quarterly Results

₹ Cr
APOLLOTYRE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
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
Expenses
5,193
5,120
5,387
5,230
5,426
5,559
5,981
5,586
5,693
5,810
6,557
6,267
6,530
Operating Profit
1,051
1,160
1,208
1,028
909
878
947
837
868
1,021
1,186
1,069
868
OPM %
17%
18%
18%
16%
14%
14%
14%
13%
13%
15%
15%
15%
12%
Other Income
22
13
3
38
−10
17
4
−91
−351
−150
23
−421
82
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
PBT
576
680
721
563
423
399
464
260
38
386
723
162
468
Tax %
31%
30%
31%
37%
29%
25%
27%
29%
66%
33%
35%
−290%
25%
Net Profit
397
474
497
354
302
297
337
185
13
258
471
631
349
EPS (₹)
6.25
7.47
7.82
5.58
4.76
4.68
5.31
2.91
0.2
4.06
7.41
9.93
5.49

Profit & Loss

₹ Cr
APOLLOTYRE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
12,815
11,849
13,180
14,843
17,549
16,350
17,397
20,948
24,568
25,378
26,123
28,471
29,308
Expenses
10,876
9,840
11,313
13,175
15,573
14,392
14,579
18,353
21,235
20,909
22,528
24,300
25,164
Operating Profit
1,939
2,008
1,867
1,668
1,976
1,958
2,818
2,595
3,333
4,468
3,595
4,170
4,143
OPM %
15%
17%
14%
11%
11%
12%
16%
12%
14%
18%
14%
15%
14%
Other Income
−31
110
148
114
−77
24
−478
118
64
77
−80
−900
−466
Interest
189
101
118
177
199
300
463
465
551
527
470
419
382
Depreciation
388
427
462
593
813
1,138
1,315
1,400
1,419
1,478
1,498
1,543
1,556
PBT
1,331
1,591
1,436
1,012
888
543
561
848
1,427
2,540
1,547
1,309
1,739
Tax %
27%
29%
23%
28%
23%
12%
38%
25%
27%
32%
28%
−5%
—
Net Profit
978
1,123
1,099
724
680
476
350
639
1,046
1,722
1,121
1,372
1,708
EPS (₹)
19.21
22.06
21.59
12.65
11.88
8.33
5.51
10.06
16.47
27.11
17.66
21.61
26.89
Div. Payout %
10%
9%
14%
24%
27%
36%
63%
32%
27%
22%
28%
28%
—

Balance Sheet

₹ Cr
APOLLOTYRE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
51
51
51
57
57
57
64
64
64
64
64
64
Reserves
4,991
6,554
7,239
9,719
9,983
9,873
11,380
11,689
12,515
13,839
14,702
16,652
Borrowings
1,106
1,547
3,437
4,661
5,111
6,764
7,334
7,061
6,421
4,905
4,410
3,675
Other Liabilities
2,451
3,442
4,507
5,620
5,000
6,512
7,040
8,228
8,282
8,068
8,051
8,643
Total Liabilities
8,600
11,594
15,233
20,058
20,151
23,205
25,816
27,041
27,281
26,875
27,227
29,034
Fixed Assets
4,382
5,214
6,692
10,403
11,754
15,448
16,420
17,591
17,653
17,006
16,411
16,487
CWIP
218
994
2,915
2,304
1,539
1,642
1,107
618
253
348
435
1,077
Investments
101
506
396
1,342
6
19
110
481
436
532
45
62
Other Assets
3,899
4,880
5,230
6,008
6,852
6,096
8,181
8,350
8,940
8,989
10,335
11,408
Total Assets
8,600
11,594
15,233
20,058
20,151
23,205
25,816
27,041
27,281
26,875
27,227
29,034

Cash Flow

₹ Cr
APOLLOTYRE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,412
2,122
902
1,720
1,071
2,517
2,447
2,154
2,137
3,440
1,823
3,667
Investing
−796
−2,226
−3,368
−3,891
−1,027
−2,817
−2,342
−1,172
−478
−704
−205
−1,344
Financing
−684
−255
1,895
2,321
−62
472
152
−1,081
−1,692
−2,659
−1,647
−2,177
Net Cash Flow
−68
−358
−571
150
−18
173
257
−100
−34
76
−28
146
Free Cash Flow
781
507
−2,361
−1,348
−1,203
−288
1,291
337
1,374
2,766
1,093
2,312
CFO/EBITDA
88
125
66
118
65
133
94
88
71
86
62
98

Ratios

APOLLOTYRE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
27
33
31
35
27
21
29
36
37
38
43
41
Inventory Days
92
119
140
128
125
129
129
122
110
113
127
128
Days Payable
46
95
92
106
74
93
109
104
85
73
71
76
Cash Conversion Cycle
73
58
80
57
78
57
49
54
63
79
99
93
Working Capital Days
14
2
−5
0
20
−22
−27
−23
−6
8
22
20
ROCE %
26%
23%
16%
9%
9%
5%
9%
7%
10%
16%
11%
14%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Apollo Tyres insights

62 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 36.93%
  • DIIs 33.34%
  • Others 10.51%
  • FIIs 10.08%
  • Public 7.56%
  • Government 1.57%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Apollo Tyres

What does Apollo Tyres Ltd do?
Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original…
Where is Apollo Tyres Ltd (APOLLOTYRE) listed?
Apollo Tyres Ltd trades as APOLLOTYRE on the NSE and under code 500877 on the BSE.
Which sector does Apollo Tyres Ltd belong to?
Apollo Tyres Ltd is classified under the Automobiles sector, in the Tyres industry.
What is the PE ratio of Apollo Tyres Ltd?
Apollo Tyres Ltd trades at a PE ratio of 14.96 as of 4 Nov 2026, on earnings per share of ₹26.89, against a book value of ₹264.92 per share.
What is the 52-week high and low of Apollo Tyres Ltd?
Over the last 52 weeks Apollo Tyres Ltd has traded between ₹365.3 and ₹540.5 as of 4 Nov 2026.
Does Apollo Tyres Ltd pay dividends?
Apollo Tyres Ltd has a dividend yield of 1.51%.
What is the Return on Equity (ROE) of Apollo Tyres Ltd?
Apollo Tyres Ltd reported a return on equity of 13.10%. Its debt-to-equity ratio is 0.22.

Company Information

Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original equipment manufacturers, and the replacement market.

Website apollotyres.com
CEO Mr. Onkar Singh Kanwar B Sc
Employees 7,302
Listed 31 May 1995
Face Value ₹1

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