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Last Updated: April 2, 2026, 2:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500877 | NSE: APOLLOTYRE

Apollo Tyres Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹307.41Overvalued by 25.93%vs CMP ₹415.00

P/E (18.0) × ROE (8.6%) × BV (₹245.00) × DY (1.20%)

₹270.12Overvalued by 34.91%vs CMP ₹415.00
MoS: -53.6% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹331.0923%Over (-20.2%)
Graham NumberEarnings₹283.5016%Over (-31.7%)
Earnings PowerEarnings₹87.4011%Over (-78.9%)
DCFCash Flow₹149.5814%Over (-64%)
Net Asset ValueAssets₹244.427%Over (-41.1%)
EV/EBITDAEnterprise₹570.049%Under (+37.4%)
Earnings YieldEarnings₹145.807%Over (-64.9%)
ROCE CapitalReturns₹219.027%Over (-47.2%)
Revenue MultipleRevenue₹411.075%Fair (-0.9%)
Consensus (9 models)₹270.12100%Overvalued
Key Drivers: Wide model spread (₹87–₹570) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.7%

*Investments are subject to market risks

Investment Snapshot

56
Apollo Tyres Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health61/100 · Moderate
ROCE 11.4% AverageROE 8.6% AverageD/E 0.44 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -1.17% (6mo) SellingDII holding up 1.38% MF buyingPromoter holding at 36.9% Stable
Earnings Quality65/100 · Strong
OPM expanding (13% → 16%) Improving
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 4% YoY FlatProfit (4Q): -45% YoY Declining
Industry Rank60/100 · Moderate
P/E 18.0 vs industry 28.5 Cheaper than peersROCE 11.4% vs industry 12.4% Average3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:37 am

Market Cap 26,373 Cr.
Current Price 415
Intrinsic Value₹270.12
High / Low 540/368
Stock P/E18.0
Book Value 245
Dividend Yield1.20 %
ROCE11.4 %
ROE8.61 %
Face Value 1.00
PEG Ratio2.34

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Apollo Tyres Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Apollo Tyres Ltd 26,373 Cr. 415 540/36818.0 2451.20 %11.4 %8.61 % 1.00
CEAT Ltd 13,696 Cr. 3,386 4,438/2,32222.0 1,1300.89 %15.4 %11.8 % 10.0
Balkrishna Industries Ltd 41,130 Cr. 2,128 2,818/2,01531.3 5400.75 %16.7 %15.8 % 2.00
JK Tyre & Industries Ltd 11,353 Cr. 394 612/23215.6 1820.76 %12.8 %11.1 % 2.00
TVS Srichakra Ltd 2,600 Cr. 3,395 4,788/2,43055.5 1,5080.50 %5.36 %2.35 % 10.0
Industry Average16,128.83 Cr1,736.6728.50642.331.25%12.44%9.83%5.83

All Competitor Stocks of Apollo Tyres Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 5,9566,4236,2476,2456,2806,5956,2586,3356,4376,9286,4246,5616,831
Expenses 5,2445,5095,2495,1935,1205,3875,2305,4265,5595,9815,5865,6935,810
Operating Profit 7129139981,0511,1601,2081,0289098789478378681,021
OPM % 12%14%16%17%18%18%16%14%14%14%13%13%15%
Other Income 77402213338-10174-91-351-150
Interest 132142139135133123115107120111109101101
Depreciation 349354372362360368388370376376377378383
Profit before tax 23842452757668072156342339946526038386
Tax % 25%31%22%31%30%31%37%29%25%27%29%66%33%
Net Profit 17929241039747449735430229733718513258
EPS in Rs 2.824.606.466.257.477.825.584.764.685.312.910.204.06

Last Updated: January 2, 2026, 11:30 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 9:49 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 13,41212,81511,84913,18014,84317,54916,35017,39720,94824,56825,37826,12327,559
Expenses 11,52410,8769,84011,31313,17515,57314,39214,57918,35321,23520,90922,52823,647
Operating Profit 1,8881,9392,0081,8671,6681,9761,9582,8182,5953,3334,4683,5953,912
OPM % 14%15%17%14%11%11%12%16%12%14%18%14%14%
Other Income 48-31110148114-7724-4781186477-80-570
Interest 293189101118177199300463465551527470411
Depreciation 4113884274625938131,1381,3151,4001,4191,4781,4981,523
Profit before tax 1,2321,3311,5911,4361,0128885435618481,4272,5401,5471,407
Tax % 18%27%29%23%28%23%12%38%25%27%32%28%
Net Profit 1,0059781,1231,0997246804763506391,0461,7221,121926
EPS in Rs 19.9419.2122.0621.5912.6511.888.335.5110.0616.4727.1117.6614.58
Dividend Payout % 4%10%9%14%24%27%36%63%32%27%22%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-2.69%14.83%-2.14%-34.12%-6.08%-30.00%-26.47%82.57%63.69%64.63%-34.90%
Change in YoY Net Profit Growth (%)0.00%17.51%-16.96%-31.98%28.04%-23.92%3.53%109.04%-18.88%0.93%-99.53%

Apollo Tyres Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:10%
3 Years:8%
TTM:3%
Compounded Profit Growth
10 Years:2%
5 Years:21%
3 Years:25%
TTM:-27%
Stock Price CAGR
10 Years:11%
5 Years:32%
3 Years:24%
1 Year:-5%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:10%
Last Year:9%

Last Updated: September 4, 2025, 11:30 pm

Balance Sheet

Last Updated: December 10, 2025, 2:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 50515151575757646464646464
Reserves 4,5244,9916,5547,2399,7199,9839,87311,38011,68912,51513,83914,70215,469
Borrowings 1,6131,1061,5473,4374,6615,1116,7647,3347,0616,4214,9054,4104,518
Other Liabilities 2,8462,4513,4424,5075,6205,0006,5127,0408,2288,2828,0688,0518,958
Total Liabilities 9,0348,60011,59415,23320,05820,15123,20525,81627,04127,28126,87527,22729,009
Fixed Assets 4,5934,3825,2146,69210,40311,75415,44816,42017,59117,65317,00616,41116,923
CWIP 462189942,9152,3041,5391,6421,107618253348435647
Investments 641015063961,3426191104814365324552
Other Assets 4,3303,8994,8805,2306,0086,8526,0968,1818,3508,9408,98910,33511,387
Total Assets 9,0348,60011,59415,23320,05820,15123,20525,81627,04127,28126,87527,22729,009

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,6451,4122,1229021,7201,0712,5172,4472,1542,1373,4401,823
Cash from Investing Activity + -119-796-2,226-3,368-3,891-1,027-2,817-2,342-1,172-478-704-202
Cash from Financing Activity + -1,208-684-2551,8952,321-62472152-1,081-1,692-2,659-1,647
Net Cash Flow 319-68-358-571150-18173257-100-3476-25
Free Cash Flow 1,155781507-2,361-1,348-1,203-2881,2913371,3742,7661,093
CFO/OP 100%88%125%66%118%65%133%94%88%71%86%62%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.001.00-2.00-3.00-4.00-5.00-5.00-5.00-3.000.00-1.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 282733313527212936373843
Inventory Days 9792119140128125129129122110113127
Days Payable 594695921067493109104857371
Cash Conversion Cycle 677358805778574954637999
Working Capital Days 12142-5-020-22-27-23-6822
ROCE %26%26%23%16%9%9%5%9%7%10%16%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 37.34%37.34%37.34%37.34%37.36%37.36%37.36%37.36%37.36%36.95%36.95%36.93%
FIIs 22.35%23.41%22.10%17.96%18.16%14.46%14.55%14.21%13.43%12.27%11.90%12.26%
DIIs 17.78%17.22%17.74%22.02%21.99%25.12%25.56%26.12%26.51%27.54%27.93%27.89%
Government 1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%
Public 20.94%20.46%21.26%21.10%20.93%21.48%20.97%20.73%21.13%21.44%21.38%21.06%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.22%0.26%0.28%
No. of Shareholders 2,82,6492,86,7773,33,8273,36,8463,72,3724,24,2064,29,2514,17,8614,27,2484,21,8134,24,1044,01,081

Shareholding Pattern Chart

No. of Shareholders

Apollo Tyres Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 41,892,187 2.24 2061.72N/AN/AN/A
Kotak Midcap Fund 11,102,076 0.93 546.39N/AN/AN/A
Kotak Large & Midcap Fund 9,500,000 1.56 467.548,800,0002025-12-15 01:21:487.95%
HDFC Balanced Advantage Fund 9,000,000 0.41 442.94N/AN/AN/A
DSP Mid Cap Fund 6,148,780 1.59 302.61N/AN/AN/A
Kotak Flexicap Fund 5,600,000 0.49 275.6N/AN/AN/A
Sundaram Mid Cap Fund 3,107,607 1.18 152.943,193,3132026-02-23 01:38:46-2.68%
HDFC Large and Mid Cap Fund 2,839,000 0.49 139.72N/AN/AN/A
ICICI Prudential India Opportunities Fund 2,798,719 0.39 137.742,464,5622026-02-23 01:21:5913.56%
HDFC Multi Cap Fund 2,631,100 0.68 129.492,381,1002026-02-23 01:38:4610.5%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 17.6627.1117.3910.065.68
Diluted EPS (Rs.) 17.6627.1117.3910.065.68
Cash EPS (Rs.) 41.2450.3839.7332.0926.22
Book Value[Excl.RevalReserv]/Share (Rs.) 232.49218.90202.77185.04180.18
Book Value[Incl.RevalReserv]/Share (Rs.) 232.49218.90202.77185.04180.18
Revenue From Operations / Share (Rs.) 411.33399.59386.84329.83273.93
PBDIT / Share (Rs.) 57.6272.4452.8242.4746.08
PBIT / Share (Rs.) 34.0349.1730.4820.4425.38
PBT / Share (Rs.) 24.3439.9922.4713.358.84
Net Profit / Share (Rs.) 17.6527.1117.3910.055.51
NP After MI And SOA / Share (Rs.) 17.6627.1117.3910.065.51
PBDIT Margin (%) 14.0018.1213.6512.8716.82
PBIT Margin (%) 8.2712.307.876.199.26
PBT Margin (%) 5.9110.005.804.043.22
Net Profit Margin (%) 4.286.784.493.042.01
NP After MI And SOA Margin (%) 4.296.784.493.042.01
Return on Networth / Equity (%) 7.5912.388.575.433.06
Return on Capital Employeed (%) 10.8315.6810.006.748.33
Return On Assets (%) 4.106.384.032.391.34
Long Term Debt / Equity (X) 0.120.190.290.370.42
Total Debt / Equity (X) 0.220.280.430.520.44
Asset Turnover Ratio (%) 0.960.930.730.630.55
Current Ratio (X) 1.331.281.111.051.14
Quick Ratio (X) 0.630.670.550.490.64
Inventory Turnover Ratio (X) 5.572.553.333.282.36
Dividend Payout Ratio (NP) (%) 33.9816.5918.6834.800.00
Dividend Payout Ratio (CP) (%) 14.548.938.1710.900.00
Earning Retention Ratio (%) 66.0283.4181.3265.200.00
Cash Earning Retention Ratio (%) 85.4691.0791.8389.100.00
Interest Coverage Ratio (X) 8.199.096.316.076.61
Interest Coverage Ratio (Post Tax) (X) 3.894.563.042.453.16
Enterprise Value (Cr.) 29452.2932628.1025055.0917173.8417176.10
EV / Net Operating Revenue (X) 1.131.291.020.810.98
EV / EBITDA (X) 8.057.097.476.375.87
MarketCap / Net Operating Revenue (X) 1.031.170.820.570.81
Retention Ratios (%) 66.0183.4081.3165.190.00
Price / BV (X) 1.832.131.581.031.24
Price / Net Operating Revenue (X) 1.031.170.820.570.81
EarningsYield 0.040.050.050.050.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Apollo Tyres Ltd. is a Public Limited Listed company incorporated on 28/09/1972 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L25111KL1972PLC002449 and registration number is 002449. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes for motor vehicles, motorcycles, scooters, three-wheelers, tractors and aircraft. Company's Total Operating Revenue is Rs. 18173.61 Cr. and Equity Capital is Rs. 63.51 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Tyres & Tubes3rd Floor, Areekal Mansion, Kochi Kerala 682036Contact not found
Management
NamePosition Held
Mr. Onkar KanwarChairman
Mr. Neeraj KanwarVice Chairman & Mng.Director
Mr. Gaurav KumarWholeTime Director & CFO
Mr. Francesco CrispinoDirector
Mr. Francesco GoriDirector
Ms. Lakshmi PuriDirector
Mr. Vishal MahadeviaDirector
Dr. Jaimini BhagwatiDirector
Mr. Sunam SarkarDirector
Mr. Vinod RaiDirector
Mr. Sumit DayalIndependent Director
Mr. Berjis DesaiIndependent Director

FAQ

What is the intrinsic value of Apollo Tyres Ltd and is it undervalued?

As of 07 April 2026, Apollo Tyres Ltd's intrinsic value is ₹270.12, which is 34.91% lower than the current market price of ₹415.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.61 %), book value (₹245), dividend yield (1.20 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Apollo Tyres Ltd?

Apollo Tyres Ltd is trading at ₹415.00 as of 07 April 2026, with a FY2026-2027 high of ₹540 and low of ₹368. The stock is currently in the middle of its 52-week range. Market cap stands at ₹26,373 Cr..

How does Apollo Tyres Ltd's P/E ratio compare to its industry?

Apollo Tyres Ltd has a P/E ratio of 18.0, which is below the industry average of 28.50. This is broadly in line with or below the industry average.

Is Apollo Tyres Ltd financially healthy?

Key indicators for Apollo Tyres Ltd: ROCE of 11.4 % is moderate. Dividend yield is 1.20 %.

Is Apollo Tyres Ltd profitable and how is the profit trend?

Apollo Tyres Ltd reported a net profit of ₹1,121 Cr in Mar 2025 on revenue of ₹26,123 Cr. Compared to ₹639 Cr in Mar 2022, the net profit shows an improving trend.

Does Apollo Tyres Ltd pay dividends?

Apollo Tyres Ltd has a dividend yield of 1.20 % at the current price of ₹415.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apollo Tyres Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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