Apollo Tyres Ltd Share Price (APOLLOTYRE)

Apollo Tyres Receives Tax Demand and Penalty from GST Authority - 17 Apr, 2024

Apollo Tyres has received a tax demand and penalty of Rs 2.06 crore from the GST authority in Tamil Nadu over input tax credit availment and other issues. The company will file an appeal before the appellate authority, but there is no material impact on its financial or operational activities due to the issue.

Apollo Tyres Faces Tax Demand and Rating Downgrade - 16 Apr, 2024

Apollo Tyres faces a tax demand and penalty of Rs 2.06 crore from the GST authority in Tamil Nadu, while Morgan Stanley maintains an Equal Weight rating with a target price of Rs 475 due to rising industry competition and margin pressure.

Private Companies and Institutions Profit from Increase in Apollo Tyres Stock Price - 11 Apr, 2024

Last week, private companies and institutions who own 50% and 31% of Apollo Tyres respectively saw an increase in their holdings value following a 4.3% rise in the stock price. The top three shareholders hold 53% of the business.

Husqvarna Svartpilen 401 to use locally made Apollo Tramplr XR tyres - 05 Apr, 2024

Due to a new government regulation, the Husqvarna Svartpilen 401 will now come with Apollo Tramplr XR tyres instead of Pirelli Scorpion Rally STR dual-purpose tyres. This is positive news for Apollo Tyres Ltd as it indicates an increase in demand for their products.

Apollo Tyres' Debt Falls and Capex Intensity Expected to Remain Low - 02 Apr, 2024

Despite caution from investors due to a recent spike in rubber prices, Apollo Tyres has high-margin segments growing their share and falling debt. The Indian market is moving towards premiumisation, which bodes well for return ratios and the health of the balance sheet. Capital expenditure guidance for FY24 is around ₹1,100 crore and expected to be used for de-bottlenecking, digitisation, and maintenance activities.

Apollo Tyres Group Head of Marketing Resigns - 28 Mar, 2024

Vikram Garga, the Group Head of Marketing (APMEA) at Apollo Tyres, has resigned citing personal reasons. The company is searching for a suitable successor to ensure operational continuity.

Apollo Tyres Trading at Lower P/E Ratio Than Market - 27 Mar, 2024

Apollo Tyres' P/E ratio of 16.3x is lower than the market due to limited future growth expectations, despite recent rising earnings and a 1,136% overall rise in EPS over three years. Analysts predict 11% annual earnings growth for the next three years compared to the broader market's forecasted 20%.

Apollo Tyres' Stock Affected by Raw Material Prices; Showcases EnduTrax Range - 21 Mar, 2024

Apollo Tyres' stock has dropped 10-20% due to surging raw material prices. However, the company showcased the toughness and durability of its EnduTrax range through a successful experiential drive.

Nomura Cautions About Rising Rubber Prices Impacting Tyre Companies - 19 Mar, 2024

Apollo Tyres and MRF Ltd shares fell up to 2% after Nomura warned that rising natural rubber prices pose a threat to the tyre sector's margins. Domestic fund houses may retreat from Apollo Tyres.