Apollo Tyres Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 10, 2025, 6:39 am

Market Cap	29,634 Cr.
Current Price	467
High / Low	585/368
Stock P/E	22.0
Book Value	225
Dividend Yield	1.29 %
ROCE	16.4 %
ROE	13.2 %
Face Value	1.00
PEG Ratio	0.74

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Apollo Tyres Ltd

Competitors of Apollo Tyres Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Goodyear India Ltd	2,083 Cr.	903	1,260/806	45.2	255	1.66 %	22.0 %	16.0 %	10.0
TVS Srichakra Ltd	2,146 Cr.	2,801	4,900/2,430	51.0	1,404	1.69 %	11.1 %	10.6 %	10.0
JK Tyre & Industries Ltd	8,848 Cr.	323	511/232	14.6	172	1.39 %	19.3 %	20.6 %	2.00
Innovative Tyres & Tubes Ltd	10.2 Cr.	5.65	10.2/4.75		9.21	0.00 %	26.6 %	%	10.0
CEAT Ltd	15,233 Cr.	3,766	3,809/2,210	30.9	1,080	0.80 %	15.0 %	11.7 %	10.0
Industry Average	18,491.33 Cr	1,572.52		32.27	518.74	1.06%	18.29%	14.95%	6.43

All Competitor Stocks of Apollo Tyres Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	5,707	5,578	5,942	5,956	6,423	6,247	6,245	6,280	6,595	6,258	6,335	6,437	6,928
Expenses	4,965	4,952	5,252	5,244	5,509	5,249	5,193	5,120	5,387	5,230	5,426	5,559	5,981
Operating Profit	743	626	690	712	913	998	1,051	1,160	1,208	1,028	909	878	947
OPM %	13%	11%	12%	12%	14%	16%	17%	18%	18%	16%	14%	14%	14%
Other Income	16	37	11	7	7	40	22	13	3	38	-10	17	4
Interest	108	128	118	132	142	139	135	133	123	115	107	120	111
Depreciation	344	375	344	349	354	372	362	360	368	388	370	376	376
Profit before tax	307	160	238	238	424	527	576	680	721	563	423	399	465
Tax %	27%	29%	20%	25%	31%	22%	31%	30%	31%	37%	29%	25%	27%
Net Profit	224	113	191	179	292	410	397	474	497	354	302	297	337
EPS in Rs	3.52	1.79	3.00	2.82	4.60	6.46	6.25	7.47	7.82	5.58	4.76	4.68	5.31

Last Updated: March 3, 2025, 5:35 pm

Below is a detailed analysis of the quarterly data for Apollo Tyres Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 6,928.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,437.00 Cr. (Sep 2024) to 6,928.00 Cr., marking an increase of 491.00 Cr..
For Expenses, as of Dec 2024, the value is 5,981.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,559.00 Cr. (Sep 2024) to 5,981.00 Cr., marking an increase of 422.00 Cr..
For Operating Profit, as of Dec 2024, the value is 947.00 Cr.. The value appears strong and on an upward trend. It has increased from 878.00 Cr. (Sep 2024) to 947.00 Cr., marking an increase of 69.00 Cr..
For OPM %, as of Dec 2024, the value is 14.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 14.00%.
For Other Income, as of Dec 2024, the value is 4.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17.00 Cr. (Sep 2024) to 4.00 Cr., marking a decrease of 13.00 Cr..
For Interest, as of Dec 2024, the value is 111.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 120.00 Cr. (Sep 2024) to 111.00 Cr., marking a decrease of 9.00 Cr..
For Depreciation, as of Dec 2024, the value is 376.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 376.00 Cr..
For Profit before tax, as of Dec 2024, the value is 465.00 Cr.. The value appears strong and on an upward trend. It has increased from 399.00 Cr. (Sep 2024) to 465.00 Cr., marking an increase of 66.00 Cr..
For Tax %, as of Dec 2024, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2024) to 27.00%, marking an increase of 2.00%.
For Net Profit, as of Dec 2024, the value is 337.00 Cr.. The value appears strong and on an upward trend. It has increased from 297.00 Cr. (Sep 2024) to 337.00 Cr., marking an increase of 40.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 5.31. The value appears strong and on an upward trend. It has increased from 4.68 (Sep 2024) to 5.31, marking an increase of 0.63.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:16 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	12,799	13,412	12,815	11,849	13,180	14,843	17,549	16,350	17,397	20,948	24,568	25,378	25,958
Expenses	11,328	11,524	10,876	9,840	11,313	13,175	15,573	14,392	14,579	18,353	21,235	20,909	22,196
Operating Profit	1,471	1,888	1,939	2,008	1,867	1,668	1,976	1,958	2,818	2,595	3,333	4,468	3,762
OPM %	11%	14%	15%	17%	14%	11%	11%	12%	16%	12%	14%	18%	14%
Other Income	107	48	-31	110	148	114	-77	24	-478	118	64	77	49
Interest	323	293	189	101	118	177	199	300	463	465	551	527	452
Depreciation	397	411	388	427	462	593	813	1,138	1,315	1,400	1,419	1,478	1,509
Profit before tax	859	1,232	1,331	1,591	1,436	1,012	888	543	561	848	1,427	2,540	1,850
Tax %	29%	18%	27%	29%	23%	28%	23%	12%	38%	25%	27%	32%
Net Profit	612	1,005	978	1,123	1,099	724	680	476	350	639	1,046	1,722	1,291
EPS in Rs	12.15	19.94	19.21	22.06	21.59	12.65	11.88	8.33	5.51	10.06	16.47	27.11	20.33
Dividend Payout %	4%	4%	10%	9%	14%	24%	27%	36%	63%	32%	27%	22%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	64.22%	-2.69%	14.83%	-2.14%	-34.12%	-6.08%	-30.00%	-26.47%	82.57%	63.69%	64.63%
Change in YoY Net Profit Growth (%)	0.00%	-66.90%	17.51%	-16.96%	-31.98%	28.04%	-23.92%	3.53%	109.04%	-18.88%	0.93%

Apollo Tyres Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	8%
3 Years:	13%
TTM:	2%

Compounded Profit Growth
10 Years:	5%
5 Years:	16%
3 Years:	35%
TTM:	-25%

Stock Price CAGR
10 Years:	11%
5 Years:	38%
3 Years:	32%
1 Year:	-3%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	9%
Last Year:	13%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 4:00 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	50	50	51	51	51	57	57	57	64	64	64	64	64
Reserves	3,350	4,524	4,991	6,554	7,239	9,719	9,983	9,873	11,380	11,689	12,515	13,839	14,245
Borrowings	2,651	1,613	1,106	1,547	3,437	4,661	5,111	6,764	7,334	7,061	6,421	4,905	4,801
Other Liabilities	2,503	2,846	2,451	3,442	4,507	5,620	5,000	6,512	7,040	8,228	8,282	8,068	8,396
Total Liabilities	8,554	9,034	8,600	11,594	15,233	20,058	20,151	23,205	25,816	27,041	27,281	26,875	27,505
Fixed Assets	4,313	4,593	4,382	5,214	6,692	10,403	11,754	15,448	16,420	17,591	17,653	17,006	16,774
CWIP	320	46	218	994	2,915	2,304	1,539	1,642	1,107	618	253	348	421
Investments	55	64	101	506	396	1,342	6	19	110	481	436	532	43
Other Assets	3,867	4,330	3,899	4,880	5,230	6,008	6,852	6,096	8,181	8,350	8,940	8,989	10,267
Total Assets	8,554	9,034	8,600	11,594	15,233	20,058	20,151	23,205	25,816	27,041	27,281	26,875	27,505

Below is a detailed analysis of the balance sheet data for Apollo Tyres Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹64.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 64.00 Cr..
For Reserves, as of Sep 2024, the value is ₹14,245.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,839.00 Cr. (Mar 2024) to ₹14,245.00 Cr., marking an increase of 406.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹4,801.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 4,905.00 Cr. (Mar 2024) to ₹4,801.00 Cr., marking a decrease of 104.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹8,396.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,068.00 Cr. (Mar 2024) to ₹8,396.00 Cr., marking an increase of 328.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹27,505.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 26,875.00 Cr. (Mar 2024) to ₹27,505.00 Cr., marking an increase of 630.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹16,774.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17,006.00 Cr. (Mar 2024) to ₹16,774.00 Cr., marking a decrease of 232.00 Cr..
For CWIP, as of Sep 2024, the value is ₹421.00 Cr.. The value appears strong and on an upward trend. It has increased from 348.00 Cr. (Mar 2024) to ₹421.00 Cr., marking an increase of 73.00 Cr..
For Investments, as of Sep 2024, the value is ₹43.00 Cr.. The value appears to be declining and may need further review. It has decreased from 532.00 Cr. (Mar 2024) to ₹43.00 Cr., marking a decrease of 489.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹10,267.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,989.00 Cr. (Mar 2024) to ₹10,267.00 Cr., marking an increase of 1,278.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹27,505.00 Cr.. The value appears strong and on an upward trend. It has increased from 26,875.00 Cr. (Mar 2024) to ₹27,505.00 Cr., marking an increase of 630.00 Cr..

Notably, the Reserves (14,245.00 Cr.) exceed the Borrowings (4,801.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	1,275	1,645	1,412	2,122	902	1,720	1,071	2,517	2,447	2,154	2,137	3,440
Cash from Investing Activity +	-599	-119	-796	-2,226	-3,368	-3,891	-1,027	-2,817	-2,342	-1,172	-478	-711
Cash from Financing Activity +	-505	-1,208	-684	-255	1,895	2,321	-62	472	152	-1,081	-1,692	-2,659
Net Cash Flow	171	319	-68	-358	-571	150	-18	173	257	-100	-34	70

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-1.00	0.00	0.00	1.00	-2.00	-3.00	-4.00	-5.00	-5.00	-5.00	-3.00	0.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	29	28	27	33	31	35	27	21	29	36	37	38
Inventory Days	93	97	92	119	140	128	125	129	129	122	110	113
Days Payable	46	59	46	95	92	106	74	93	109	104	85	80
Cash Conversion Cycle	76	67	73	58	80	57	78	57	49	54	63	72
Working Capital Days	32	19	27	25	25	18	31	10	11	12	24	30
ROCE %	20%	26%	26%	23%	16%	9%	9%	5%	9%	7%	10%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%	37.34%	37.36%	37.36%
FIIs	20.48%	19.66%	19.43%	20.71%	21.75%	22.88%	22.35%	23.41%	22.10%	17.96%	18.16%	14.46%
DIIs	18.04%	18.39%	18.55%	17.47%	17.88%	17.13%	17.78%	17.22%	17.74%	22.02%	21.99%	25.12%
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	22.57%	23.04%	23.10%	22.91%	21.46%	21.08%	20.94%	20.46%	21.26%	21.10%	20.93%	21.48%
No. of Shareholders	2,90,077	3,13,837	3,28,179	3,22,777	2,81,728	2,85,192	2,82,649	2,86,777	3,33,827	3,36,846	3,72,372	4,24,206

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan	41,892,187	3.61	2172.11	41,892,187	2025-04-22 13:31:13	0%
HDFC Balanced Advantage Fund - Regular Plan	9,000,000	0.59	466.65	9,000,000	2025-04-22 17:25:42	0%
Kotak Equity Opportunities Fund - Regular Plan	8,200,000	2.23	425.17	8,200,000	2025-04-22 17:25:42	0%
Nippon India Small Cap Fund	6,354,380	0.72	329.47	6,354,380	2025-04-22 17:25:42	0%
Kotak Flexicap Fund - Regular Plan	5,600,000	0.64	290.36	5,600,000	2025-04-22 14:53:35	0%
Nippon India Growth Fund	4,399,185	0.93	228.1	4,399,185	2025-04-22 17:25:42	0%
Franklin India Prima Fund	3,044,174	1.55	157.84	3,044,174	2025-04-22 17:25:42	0%
Invesco India Mid Cap Fund	2,903,958	3.55	150.57	2,903,958	2025-04-22 17:25:42	0%
HDFC Large and Mid Cap Fund - Regular Plan	2,839,000	0.88	147.2	2,839,000	2025-04-22 17:25:42	0%
HDFC Childrens Gift Fund - Regular Plan	2,387,300	1.46	123.78	2,387,300	2025-04-22 17:25:42	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	27.11	17.39	10.06	5.68	8.33
Diluted EPS (Rs.)	27.11	17.39	10.06	5.68	8.33
Cash EPS (Rs.)	50.38	39.73	32.09	26.22	28.22
Book Value[Excl.RevalReserv]/Share (Rs.)	218.90	202.77	185.04	180.18	173.59
Book Value[Incl.RevalReserv]/Share (Rs.)	218.90	202.77	185.04	180.18	173.59
Revenue From Operations / Share (Rs.)	399.59	386.84	329.83	273.93	285.41
PBDIT / Share (Rs.)	72.44	52.82	42.47	46.08	34.30
PBIT / Share (Rs.)	49.17	30.48	20.44	25.38	14.41
PBT / Share (Rs.)	39.99	22.47	13.35	8.84	9.50
Net Profit / Share (Rs.)	27.11	17.39	10.05	5.51	8.33
NP After MI And SOA / Share (Rs.)	27.11	17.39	10.06	5.51	8.33
PBDIT Margin (%)	18.12	13.65	12.87	16.82	12.01
PBIT Margin (%)	12.30	7.87	6.19	9.26	5.04
PBT Margin (%)	10.00	5.80	4.04	3.22	3.32
Net Profit Margin (%)	6.78	4.49	3.04	2.01	2.91
NP After MI And SOA Margin (%)	6.78	4.49	3.04	2.01	2.91
Return on Networth / Equity (%)	12.38	8.57	5.43	3.06	4.79
Return on Capital Employeed (%)	15.68	10.00	6.74	8.33	4.70
Return On Assets (%)	6.38	4.03	2.39	1.34	2.04
Long Term Debt / Equity (X)	0.19	0.29	0.37	0.42	0.51
Total Debt / Equity (X)	0.28	0.43	0.52	0.44	0.66
Asset Turnover Ratio (%)	0.93	0.73	0.63	0.55	0.60
Current Ratio (X)	1.28	1.11	1.05	1.14	0.95
Quick Ratio (X)	0.67	0.55	0.49	0.64	0.39
Inventory Turnover Ratio (X)	2.55	3.33	3.28	2.36	2.29
Dividend Payout Ratio (NP) (%)	16.59	18.68	34.80	0.00	75.04
Dividend Payout Ratio (CP) (%)	8.93	8.17	10.90	0.00	22.14
Earning Retention Ratio (%)	83.41	81.32	65.20	0.00	24.96
Cash Earning Retention Ratio (%)	91.07	91.83	89.10	0.00	77.86
Interest Coverage Ratio (X)	9.09	6.31	6.07	6.61	6.99
Interest Coverage Ratio (Post Tax) (X)	4.56	3.04	2.45	3.16	2.70
Enterprise Value (Cr.)	32628.10	25055.09	17173.84	17176.10	10369.50
EV / Net Operating Revenue (X)	1.29	1.02	0.81	0.98	0.63
EV / EBITDA (X)	7.09	7.47	6.37	5.87	5.28
MarketCap / Net Operating Revenue (X)	1.17	0.82	0.57	0.81	0.27
Retention Ratios (%)	83.40	81.31	65.19	0.00	24.95
Price / BV (X)	2.13	1.58	1.03	1.24	0.45
Price / Net Operating Revenue (X)	1.17	0.82	0.57	0.81	0.27
EarningsYield	0.05	0.05	0.05	0.02	0.10

After reviewing the key financial ratios for Apollo Tyres Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 27.11. This value is within the healthy range. It has increased from 17.39 (Mar 23) to 27.11, marking an increase of 9.72.
For Diluted EPS (Rs.), as of Mar 24, the value is 27.11. This value is within the healthy range. It has increased from 17.39 (Mar 23) to 27.11, marking an increase of 9.72.
For Cash EPS (Rs.), as of Mar 24, the value is 50.38. This value is within the healthy range. It has increased from 39.73 (Mar 23) to 50.38, marking an increase of 10.65.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 218.90. It has increased from 202.77 (Mar 23) to 218.90, marking an increase of 16.13.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 218.90. It has increased from 202.77 (Mar 23) to 218.90, marking an increase of 16.13.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 399.59. It has increased from 386.84 (Mar 23) to 399.59, marking an increase of 12.75.
For PBDIT / Share (Rs.), as of Mar 24, the value is 72.44. This value is within the healthy range. It has increased from 52.82 (Mar 23) to 72.44, marking an increase of 19.62.
For PBIT / Share (Rs.), as of Mar 24, the value is 49.17. This value is within the healthy range. It has increased from 30.48 (Mar 23) to 49.17, marking an increase of 18.69.
For PBT / Share (Rs.), as of Mar 24, the value is 39.99. This value is within the healthy range. It has increased from 22.47 (Mar 23) to 39.99, marking an increase of 17.52.
For Net Profit / Share (Rs.), as of Mar 24, the value is 27.11. This value is within the healthy range. It has increased from 17.39 (Mar 23) to 27.11, marking an increase of 9.72.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 27.11. This value is within the healthy range. It has increased from 17.39 (Mar 23) to 27.11, marking an increase of 9.72.
For PBDIT Margin (%), as of Mar 24, the value is 18.12. This value is within the healthy range. It has increased from 13.65 (Mar 23) to 18.12, marking an increase of 4.47.
For PBIT Margin (%), as of Mar 24, the value is 12.30. This value is within the healthy range. It has increased from 7.87 (Mar 23) to 12.30, marking an increase of 4.43.
For PBT Margin (%), as of Mar 24, the value is 10.00. This value is within the healthy range. It has increased from 5.80 (Mar 23) to 10.00, marking an increase of 4.20.
For Net Profit Margin (%), as of Mar 24, the value is 6.78. This value is within the healthy range. It has increased from 4.49 (Mar 23) to 6.78, marking an increase of 2.29.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.78. This value is below the healthy minimum of 8. It has increased from 4.49 (Mar 23) to 6.78, marking an increase of 2.29.
For Return on Networth / Equity (%), as of Mar 24, the value is 12.38. This value is below the healthy minimum of 15. It has increased from 8.57 (Mar 23) to 12.38, marking an increase of 3.81.
For Return on Capital Employeed (%), as of Mar 24, the value is 15.68. This value is within the healthy range. It has increased from 10.00 (Mar 23) to 15.68, marking an increase of 5.68.
For Return On Assets (%), as of Mar 24, the value is 6.38. This value is within the healthy range. It has increased from 4.03 (Mar 23) to 6.38, marking an increase of 2.35.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.19. This value is below the healthy minimum of 0.2. It has decreased from 0.29 (Mar 23) to 0.19, marking a decrease of 0.10.
For Total Debt / Equity (X), as of Mar 24, the value is 0.28. This value is within the healthy range. It has decreased from 0.43 (Mar 23) to 0.28, marking a decrease of 0.15.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.93. It has increased from 0.73 (Mar 23) to 0.93, marking an increase of 0.20.
For Current Ratio (X), as of Mar 24, the value is 1.28. This value is below the healthy minimum of 1.5. It has increased from 1.11 (Mar 23) to 1.28, marking an increase of 0.17.
For Quick Ratio (X), as of Mar 24, the value is 0.67. This value is below the healthy minimum of 1. It has increased from 0.55 (Mar 23) to 0.67, marking an increase of 0.12.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.55. This value is below the healthy minimum of 4. It has decreased from 3.33 (Mar 23) to 2.55, marking a decrease of 0.78.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 16.59. This value is below the healthy minimum of 20. It has decreased from 18.68 (Mar 23) to 16.59, marking a decrease of 2.09.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 8.93. This value is below the healthy minimum of 20. It has increased from 8.17 (Mar 23) to 8.93, marking an increase of 0.76.
For Earning Retention Ratio (%), as of Mar 24, the value is 83.41. This value exceeds the healthy maximum of 70. It has increased from 81.32 (Mar 23) to 83.41, marking an increase of 2.09.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 91.07. This value exceeds the healthy maximum of 70. It has decreased from 91.83 (Mar 23) to 91.07, marking a decrease of 0.76.
For Interest Coverage Ratio (X), as of Mar 24, the value is 9.09. This value is within the healthy range. It has increased from 6.31 (Mar 23) to 9.09, marking an increase of 2.78.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 4.56. This value is within the healthy range. It has increased from 3.04 (Mar 23) to 4.56, marking an increase of 1.52.
For Enterprise Value (Cr.), as of Mar 24, the value is 32,628.10. It has increased from 25,055.09 (Mar 23) to 32,628.10, marking an increase of 7,573.01.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.29. This value is within the healthy range. It has increased from 1.02 (Mar 23) to 1.29, marking an increase of 0.27.
For EV / EBITDA (X), as of Mar 24, the value is 7.09. This value is within the healthy range. It has decreased from 7.47 (Mar 23) to 7.09, marking a decrease of 0.38.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.17. This value is within the healthy range. It has increased from 0.82 (Mar 23) to 1.17, marking an increase of 0.35.
For Retention Ratios (%), as of Mar 24, the value is 83.40. This value exceeds the healthy maximum of 70. It has increased from 81.31 (Mar 23) to 83.40, marking an increase of 2.09.
For Price / BV (X), as of Mar 24, the value is 2.13. This value is within the healthy range. It has increased from 1.58 (Mar 23) to 2.13, marking an increase of 0.55.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.17. This value is within the healthy range. It has increased from 0.82 (Mar 23) to 1.17, marking an increase of 0.35.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apollo Tyres Ltd as of May 12, 2025 is: 529.46

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 12, 2025, Apollo Tyres Ltd is Undervalued by 13.37% compared to the current share price 467.00

Intrinsic Value of Apollo Tyres Ltd as of May 12, 2025 is: 687.43

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 12, 2025, Apollo Tyres Ltd is Undervalued by 47.20% compared to the current share price 467.00

Last 5 Year EPS CAGR: 29.84%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 22.00, which is a positive sign. The company has higher reserves (9,223.15 cr) compared to borrowings (4,416.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (16.85 cr) and profit (285.23 cr) over the years.	The stock has a low average ROCE of 14.67%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 65.33, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Apollo Tyres Ltd:
1. Net Profit Margin: 6.78%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 15.68% (Industry Average ROCE: 18.29%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 12.38% (Industry Average ROE: 14.95%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.56
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.67
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 22 (Industry average Stock P/E: 32.27)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.28
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 17539.33 Cr. and Equity Capital is Rs. 63.51 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Tyres & Tubes	3rd Floor, Areekal Mansion, Kochi Kerala 682036	investors@apollotyres.com http://www.apollotyres.com

Management
Name	Position Held
Mr. Onkar Kanwar	Chairman
Mr. Neeraj Kanwar	Vice Chairman & Mng.Director
Mr. Gaurav Kumar	WholeTime Director & CFO
Mr. Francesco Crispino	Director
Mr. Francesco Gori	Director
Ms. Lakshmi Puri	Director
Mr. Vishal Mahadevia	Director
Dr. Jaimini Bhagwati	Director
Mr. Sunam Sarkar	Director
Mr. Akshay Chudasama	Director
Mr. Vinod Rai	Director
Mr. Vikram S Mehta	Director

FAQ

What is the intrinsic value of Apollo Tyres Ltd?

Apollo Tyres Ltd's intrinsic value (as of 11 May 2025) is ₹529.46 — 13.37% higher the current market price of 467.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 29,634 Cr. market cap, FY2025-2026 high/low of ₹585/368, reserves of 14,245 Cr, and liabilities of 27,505 Cr.

What is the Market Cap of Apollo Tyres Ltd?

The Market Cap of Apollo Tyres Ltd is 29,634 Cr..

What is the current Stock Price of Apollo Tyres Ltd as on 11 May 2025?

The current stock price of Apollo Tyres Ltd as on 11 May 2025 is 467.

What is the High / Low of Apollo Tyres Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Apollo Tyres Ltd stocks is ₹585/368.

What is the Stock P/E of Apollo Tyres Ltd?

The Stock P/E of Apollo Tyres Ltd is 22.0.

What is the Book Value of Apollo Tyres Ltd?

The Book Value of Apollo Tyres Ltd is 225.

What is the Dividend Yield of Apollo Tyres Ltd?

The Dividend Yield of Apollo Tyres Ltd is 1.29 %.

What is the ROCE of Apollo Tyres Ltd?

The ROCE of Apollo Tyres Ltd is 16.4 %.

What is the ROE of Apollo Tyres Ltd?

The ROE of Apollo Tyres Ltd is 13.2 %.

What is the Face Value of Apollo Tyres Ltd?

The Face Value of Apollo Tyres Ltd is 1.00.