Apollo Tyres Ltd (APOLLOTYRE)

Apollo Tyres Targets $5bn Revenue by FY26 - 19 Jul, 2024

Apollo Tyres aims to achieve USD 5 bn revenue and more than 15% EBITDA by FY 2025-26, focusing on sustainability, digitalisation, technology & innovation, people, and brand. The company plans to double its Net Debt to EBITDA in FY26 while maintaining an ROCE of 12%-15%. Apollo Tyres has deployed new-age cloud-native automated cyber technologies with Advanced Manufacturing Execution System (AMES) and Digital Maintenance platform across its manufacturing facilities to enhance efficiency.

Apollo Tyres Stock Surges Despite Decline in Q4 Revenue and Profit - 17 Jul, 2024

Shares of Apollo Tyres surged 3.3% on BSE despite a YoY decline of around 4% in total revenue and a fall of 48.5% YoY in net profit during Q4 FY23-24. The stock has delivered positive returns of nearly 85.5% over the past year and about 72.3% YTD.

Mixed Analyst Views for Apollo Tyres Ltd - 16 Jul, 2024

Analysts suggest that while Apollo Tyres' earnings growth is superior to most companies, its low P/E ratio may indicate limited future growth. Morgan Stanley has an equal-weight rating with a target price of Rs 472 due to limited earnings upside and rising costs.

MRF, Apollo Tyres, CEAT and JK Tyres raise prices by 3% - 15 Jul, 2024

Apollo Tyres reported a consolidated net profit of Rs 396 crore in Q4 FY24, up 16% YoY. However, the profit after tax was down by 22% on a sequential basis. Revenue from operations for the quarter stood at Rs 6,349 crore, up 9% YoY.

Apollo Tyres Achieves Efficiency Gains with AI/ML - 13 Jul, 2024

Apollo Tyres has achieved 8-10% efficiency gains by using data along with AI/ML in the tyre compound mixing process. The company is now working on improving its sales forecasting by using AI to check weather conditions, exchange rates, etc.

Apollo Tyres Stock Delivers Impressive Returns - 10 Jul, 2024

Apollo Tyres Ltd's stock has provided substantial growth to investors with a 22% return in the past twelve months and a 181% return over five years. Mutual funds' stake in the company also increased to 19.23%.

Apollo Tyres Ltd drops for fifth straight session - 08 Jul, 2024

Apollo Tyres Ltd stock dropped by 0.08% to Rs 523.95 on NSE, while the benchmark NIFTY and Sensex are down around 0.08% and 0.07%, respectively. The company has gained around 7.55% in the last one month. The volume of shares traded today was lower than the daily average of the last one month.

Cusat to Offer Tailor-Made M.Tech Programme for Apollo Tyres Employees - 05 Jul, 2024

The Cochin University of Science and Technology (Cusat) will launch a new two-year M.Tech programme in Polymer Science and Rubber Technology, tailor-made for employees of Apollo Tyres Limited. The initiative is part of efforts to enhance industry linkages, with the varsity providing faculty members with adequate qualifications and experience to conduct the programme as per schedules agreed upon by the company.

ICICI Direct Recommends Buy on Apollo Tyres with Target Price of Rs 635 - 03 Jul, 2024

Brokerage house ICICI Direct has recommended a buy on Apollo Tyres, setting the target price at Rs 635. The stock has surged by about 18% this year and is expected to see a jump of over 18%. The company's balance sheet is strong, and it will become net debt-free by FY26.

Apollo Tyres Set to Trade Ex-Dividend; Analyst Recommends Buy - 01 Jul, 2024

Apollo Tyres is set to trade ex-dividend in three days, with a dividend payment of ₹6.00 per share. Technical analyst Chandan Taparia recommends the stock as a buy with a target price of ₹565 and a stop loss of ₹528.

Apollo Tyres Declares Final Dividend of Rs. 6 per Share - 29 Jun, 2024

Apollo Tyres has declared a final dividend of Rs. 6 per equity share with a face value of Rs. 1, representing a 600% payout. The record date for determining eligible shareholders is July 5, 2024, and the dividend yield stands at 1.11 percent.

Apollo Tyres Surges Due to Improving Demand Outlook and Price Hike by Domestic Tyre Companies - 28 Jun, 2024

Apollo Tyres sees a surge in its stock price due to an improving demand outlook and domestic tyre companies' price hike of 1-2.5%. Analysts have given a Buy call for the stock with target prices ranging from Rs 570-720.

Apollo Tyres in Steady Uptrend, Expected to Test Upper Boundary of Broadening Pattern - 27 Jun, 2024

Apollo Tyres has been trading in a broadening pattern and recently bounced off the lower end. It recorded a breakout from a down-sloping resistance trendline, indicating that the bullish tone is likely to continue. The stock is expected to gradually inch higher and test the upper boundary of the mentioned pattern.

Apollo Tyres Stock Gains Momentum, Targeting Rs 550 - 26 Jun, 2024

Apollo Tyres stock is gaining momentum with experts suggesting a buy and traders targeting Rs 550 in the coming weeks. The broad region between Rs 510 and Rs 500 will act as good support. Moving average cross overs on the daily chart strengthen the bullish case.

Apollo Tyres' Stock Performance Tracks Earnings Growth - 23 Jun, 2024

Over the last five years, Apollo Tyres has grown its earnings per share at 18% a year, which is close to the annualized share price gain of 20%. This suggests that market sentiment around the company hasn't changed much over time.