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Apollo Tyres Ltd (APOLLOTYRE)

₹494.051.94%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Insights on Apollo Tyres Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 17.96% to 18.15% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

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    In the last 7 days, APOLLOTYRE stock has moved up by 1.7%

  • imgPOSITIVE IMPACT

    Promoter Holding Up

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    Promoters have increased holdings from 37.34% to 37.36% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, JK Tyre & Industries Ltd has given 166.2% return, outperforming this stock by 51.9%

  • imgNO EFFECT

    Against Peers

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    In the last 1 year, JK Tyre & Industries Ltd has given 106.1% return, outperforming this stock by 87.6%

  • imgNEGATIVE IMPACT

    Profit Down

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    Netprofit is down for the last 2 quarters, 496.63 Cr → 354.08 Cr (in ₹), with an average decrease of 28.7% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

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    Mutual Funds have decreased holdings from 17.42% to 16.77% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

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    Revenue is down for the last 2 quarters, 6.61K Cr → 6.33K Cr (in ₹), with an average decrease of 4.3% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 21.10% to 20.93% in Mar 2024 quarter

Performance

  • Day's Low

    Day's High

    ₹483.4
    ₹495.9
  • 52 Week's Low

    52 Week's High

    ₹365
    ₹557.9
1 Month Return+ 0.42 %
3 Month Return+ 7.21 %
1 Year Return+ 18.51 %
Previous Close₹484.65
Open₹485.00
Volume42.38L
Upper Circuit-
Lower Circuit-
Market Cap₹30,780.17Cr

Analyst Rating

based on 26 analysts

BUY
66.67%
Buy
18.52%
Hold
14.81%
Sell

Based on 26 analysts offering long term price targets for Apollo Tyres Ltd. An average target of ₹532.38

Source: S&P Global Market Intelligence

Company Information

Apollo Tyres Ltd is a leading multinational tyre manufacturer founded in 1972 and headquartered in India. The company has operations in more than 100 countries across six continents. Apollo Tyres is one of the world's leading tyre manufacturers and has a wide range of products and brands.

Apollo Tyres Ltd manufactures and sells a wide range of tyres for cars, light trucks, SUVs, buses, vans, and trucks. The company's product range includes tyres for passenger cars, light trucks, SUVs, buses, vans, and trucks. The company also manufactures and sells tubes and flaps.

The company's popular brands include Apollo, Vredestein, Regal, and Kaizen. Apollo is the company's flagship brand and is known for its superior performance and quality. Vredestein is a premium brand that offers superior performance and comfort. Regal is a value brand that offers great value for money. Kaizen is a budget brand that offers great value for money.

Share Price: ₹494.05 per share as on 20 Jun, 2024 04:01 PM
Market Capitalisation: ₹30,780.17Cr as of today
Revenue: ₹6,258.20Cr as on March 2024 (Q1 24)
Net Profit: ₹354.08Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: Onkar S Kanwar
OrganisationApollo Tyres Ltd
Headquarters
IndustryTyres
E-voting on sharesClick here to vote

Key events for Apollo Tyres Ltd

  • Apollo Tyres' EPS Soars by 56% in One Year - 08 Jun, 2024

    Apollo Tyres has seen a massive growth in earnings per share over the last year, with an increase from ₹17.39 to ₹27.11, resulting in a gain of 56%. The company is also growing revenues and improving EBIT margins, indicating positive signs of growth.

  • Apollo Tyres Ltd Up 2.4% on NSE - 07 Jun, 2024

    Apollo Tyres Ltd is up 2.4% on the NSE, with a 21.73% gain in the last year compared to a 24.64% gain in NIFTY and a 68.55% gain in the Nifty Auto index. The stock has a PE of 24.89 based on TTM earnings ending March 24.

  • Apollo Tyres Down as ICICI Securities Recommends Reducing Stock - 29 May, 2024

    Apollo Tyres Ltd has lost around 7.73% in the last month, with ICICI Securities recommending reducing the stock due to margin miss and lower-than-expected revenue. Meanwhile, the Nifty Auto index has increased around 5.83%, but Apollo Tyres is down for the fifth straight session.

  • Apollo Tyres Faces Stake Sale - 22 May, 2024

    Private equity major Warburg Pincus has exited Apollo Tyres by selling its entire 3.54% stake for Rs 1,073 crore while White Iris Investments is set to sell a 3.5% stake for Rs 1,041 crore through a block deal. Shares rose nearly 6% on the news.

  • Warburg Pincus Subsidiary to Sell Stake in Apollo Tyres - 21 May, 2024

    White Iris Investment, a Warburg Pincus subsidiary, is set to sell a 3.5% stake in Apollo Tyres through a block deal expected to raise Rs 1,040 crore. The tyre manufacturer's shares dropped by 2% on May 21 after the news broke. Additionally, Apollo Tyres reported a 14% decline in consolidated net profit for the March 2024 quarter.

  • Emkay Recommends Buying Apollo Tyres with Target Price of Rs 600 - 20 May, 2024

    Despite soft Q4 results, Emkay recommends buying Apollo Tyres due to improving demand outlook and sustained focus on profitability. Recent stock price fall attributed to raw material costs and CV softness. Emkay retains BUY due to ongoing price increase, drop in RM from recent highs, improved volume outlook, structural tailwinds, and improved performance.

  • Apollo Tyres Plans Price Hike Amid Weak Q4 Earnings - 17 May, 2024

    Apollo Tyres plans to raise prices due to increased raw material costs, while analysts suggest that margins may have peaked. The company reported weak Q4 earnings, but its focus on profitability has led to improved free cash flow and return on capital employed.

  • Apollo Tyres Stock Upgraded by Brokerages After Weak Q4 Results - 16 May, 2024

    Despite a 14% YoY decline in net profit for Q4 FY24, Apollo Tyres' stock surged over 7% as brokerages Nomura and JP Morgan upgraded the stock. The company's focus on pricing and capex discipline is expected to lead to a re-rating of its stock, while price hikes and reduced interest costs are anticipated to support earnings for the full year.

  • Apollo Tyres Posts Q4 Results; JPMorgan Maintains Neutral Rating - 15 May, 2024

    Apollo Tyres' Q4 FY24 net profit falls 13.7% YoY to Rs 354 crore, while revenue from operations rises marginally. JPMorgan maintains neutral rating with a target price of Rs 535 due to weak growth and margins in the EU business.

  • Apollo Tyres Reports Decline in Q4 Profit, Recommends Dividend - 14 May, 2024

    Apollo Tyres reported a 13.7% YoY decline in Q4FY24 net profit at Rs 354 crore, missing estimates due to exceptional item and EPR provision expenses. The board recommended a dividend of Rs 6 per equity share for FY24, subject to shareholder approval.

  • Apollo Tyres Q3 Revenue and Net Profits Increase - 12 May, 2024

    Apollo Tyres Ltd reported a 5% increase in revenue from Rs. 6,280 crores to Rs. 6,595 crores and a 4% increase in net profits from Rs. 474 crores to Rs. 497 crores between September and December quarters.

Apollo Tyres Ltd Valuation

Apollo Tyres Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-760.19x)

December 17, 2020

Today (17.87x)

June 19, 2024

Industry (66.33x)

June 19, 2024

Highest (69.82x)

March 4, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Mid-Cap Opportunities Fund -Direct Plan - Growth OptionHDFC Mid-Cap Opportunities Fund -Direct Plan - Growth Option2.97%
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option0.48%
Kotak Equity Opportunities Direct GrowthKotak Equity Opportunities Direct Growth1.7%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth0.54%
Mirae Asset Large & Midcap Fund Direct Plan GrowthMirae Asset Large & Midcap Fund Direct Plan Growth0.64%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
37.36%
0.00
Foreign Institutions
18.15%
0.00
Mutual Funds
16.77%
0.00
Retail Investors
20.93%
0.00
Others
6.79%
0.00

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Apollo Tyres Ltd (APOLLOTYRE) share price today is ₹494.05

Apollo Tyres Ltd is listed on NSE

Apollo Tyres Ltd is listed on BSE

  • Today’s highest price of Apollo Tyres Ltd is ₹495.9.
  • Today’s lowest price of Apollo Tyres Ltd is ₹483.4.

PE Ratio of Apollo Tyres Ltd is 17.87

PE ratio = Apollo Tyres Ltd Market price per share / Apollo Tyres Ltd Earnings per share

Today’s traded volume of Apollo Tyres Ltd(APOLLOTYRE) is 42.38L.

Today’s market capitalisation of Apollo Tyres Ltd(APOLLOTYRE) is ₹30780.17Cr.

Apollo Tyres Ltd(APOLLOTYREPrice
52 Week High
₹557.9
52 Week Low
₹365

Apollo Tyres Ltd(APOLLOTYRE) share price is ₹494.05. It is down -11.44% from its 52 Week High price of ₹557.9

Apollo Tyres Ltd(APOLLOTYRE) share price is ₹494.05. It is up 35.36% from its 52 Week Low price of ₹365

Apollo Tyres Ltd(APOLLOTYREReturns
1 Day Returns
9.4%
1 Month Returns
0.42%
3 Month Returns
7.21%
1 Year Returns
18.51%