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Apollo Tyres Limited.
(APOLLOTYRE)
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Rating:70Outperform
Price Target:
₹429.00
▼(-3.66% Downside)
Action:Upgraded
Date:08/17/26
The score is driven primarily by solid financial performance—especially improved leverage and balance-sheet resilience—tempered by softer profitability versus FY2024 and uneven cash-flow conversion. Technicals are supportive in the short-to-medium term but weaker versus the 200-day trend, and valuation is only moderately attractive with a low dividend yield.
Positive Factors
Steady Revenue Growth
Consistent multi-year revenue expansion indicates sustained demand across Apollo Tyres’ vehicle segments and sales channels. Continued top-line growth can support operating scale, strengthen customer relationships, and provide a foundation for restoring profitability if product mix and pricing improve.
Negative Factors
Profitability Compression
Profitability has cooled despite continued revenue growth, showing that additional sales have not translated into proportionate earnings. Persistent margin pressure could reduce reinvestment capacity and weaken returns unless Apollo Tyres improves pricing, product mix, utilization, or cost management.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent multi-year revenue expansion indicates sustained demand across Apollo Tyres’ vehicle segments and sales channels. Continued top-line growth can support operating scale, strengthen customer relationships, and provide a foundation for restoring profitability if product mix and pricing improve.
Read all positive factors
Apollo Tyres Limited. (APOLLOTYRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹261.98B
Dividend Yield1.48%
Average Volume (3M)97.67K
Price to Earnings (P/E)15.0
Beta (1Y)1.32
Revenue Growth11.23%
EPS Growth105.46%
CountryIN
Employees17,118
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)26.97
Shares Outstanding635,100,950
10 Day Avg. Volume69,267
30 Day Avg. Volume97,671
Financial Highlights & Ratios
PEG Ratio0.84
Price to Book (P/B)1.56
Price to Sales (P/S)0.92
P/FCF Ratio13.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)25.36
Revenue Forecast (FY)₹322.23B
Apollo Tyres Limited. Business Overview & Revenue Model
Company Description
Apollo Tyres Limited, established in 1972 and headquartered in Gurugram, India, is a prominent manufacturer and distributor of automotive tires, tubes, and flaps. The company's operational reach extends globally, encompassing the Asia Pacific regi...
How the Company Makes Money
Apollo Tyres makes money primarily by selling tyres across multiple vehicle segments through two major channels: (1) OEM sales, where tyres are supplied directly to vehicle manufacturers for fitment on new vehicles, and (2) replacement/aftermarket...
Apollo Tyres Limited. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 293.08B | 284.71B | 257.81B | 250.20B | 241.22B | 205.81B |
| Gross Profit | 105.65B | 78.32B | 109.51B | 112.24B | 93.40B | 80.59B |
| EBITDA | 35.95B | 32.44B | 34.78B | 45.13B | 33.63B | 26.74B |
| Net Income | 17.08B | 13.72B | 11.21B | 17.22B | 10.46B | 6.39B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 292.40B | 273.06B | 269.57B | 273.53B | 271.46B |
| Cash, Cash Equivalents and Short-Term Investments | 11.05B | 11.05B | 11.07B | 14.05B | 12.39B | 15.40B |
| Total Debt | 0.00 | 36.75B | 44.10B | 49.05B | 64.21B | 70.61B |
| Total Liabilities | -167.15B | 125.25B | 125.40B | 130.55B | 147.75B | 153.94B |
| Stockholders Equity | 167.15B | 167.15B | 147.66B | 139.02B | 125.78B | 117.52B |
Cash Flow | ||||||
| Free Cash Flow | 7.45B | 19.23B | 10.55B | 27.09B | 13.60B | 3.07B |
| Operating Cash Flow | 13.15B | 33.26B | 18.23B | 34.40B | 21.37B | 21.54B |
| Investing Cash Flow | -5.65B | -13.64B | -2.02B | -7.11B | -4.78B | -11.72B |
| Financing Cash Flow | -7.62B | -18.12B | -16.47B | -26.59B | -16.92B | -10.81B |
Apollo Tyres Limited. Technical Analysis
Negative
445.30
Price Trends
426.95
Negative
418.36
Negative
439.91
Negative
Market Momentum
-8.12
Positive
43.16
Neutral
35.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APOLLOTYRE, the sentiment is Negative. The current price of 445.3 is above the 20-day moving average (MA) of 412.65, above the 50-day MA of 426.95, and above the 200-day MA of 439.91, indicating a bearish trend. The MACD of -8.12 indicates Positive momentum. The RSI at 43.16 is Neutral, neither overbought nor oversold. The STOCH value of 35.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APOLLOTYRE.
Apollo Tyres Limited. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹131.01B | 22.35 | ― | 1.07% | 21.48% | 36.97% | |
70 Outperform | ₹261.98B | 15.01 | ― | 1.48% | 11.23% | 105.46% | |
67 Neutral | ₹410.72B | 29.12 | ― | 0.75% | 9.78% | -3.28% | |
67 Neutral | ₹522.63B | 22.00 | ― | 0.19% | 11.37% | 34.26% | |
58 Neutral | ₹33.89B | 36.78 | ― | 0.84% | 18.56% | 244.54% | |
56 Neutral | ₹96.58B | 14.99 | ― | 1.15% | 9.93% | 40.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:APOLLOTYRE
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Apollo Tyres Limited. Corporate Events
Apollo Tyres Files SEBI Demat Compliance Certificate for June Quarter
Jul 9, 2026
Apollo Tyres Limited has notified the Indian stock exchanges that it has obtained a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The certificate, i...
Apollo Tyres Sets July 29 AGM, Proposes FY26 Dividend and Auditor Pay
Jul 6, 2026
Apollo Tyres Limited has scheduled its 53rd Annual General Meeting for July 29, 2026, to be held via video conferencing, with its Kochi registered office deemed the venue. The company has dispatched its FY26 annual report and AGM notice to shareho...
Apollo Tyres Publishes Assured Sustainability Report for FY26
Jul 6, 2026
Apollo Tyres Ltd. has released its Business Responsibility and Sustainability Report for the financial year 2025–26, prepared on a standalone basis and forming an integral part of the company’s annual report. The BRSR is accompanied by...
Apollo Tyres Moves AGM and Investor Communications Fully Online
Jul 6, 2026
Apollo Tyres has notified stock exchanges that it is sending letters to shareholders and debenture holders whose email addresses are not registered, directing them to a web link where the FY 2025-26 annual report and notice of the 53rd Annual Gene...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.