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Apollo Tyres to add Rs 450-700 crore to operating margin over the next few years

14 Jun 2013 Evaluate

Apollo Tyres hopes to add Rs 450-700 crore to operating margin over the next few years. Meanwhile, the company which has agreed to US-based Cooper Tire & Rubber Company in an all-cash transaction valued at $2.5 billion, will take a loan of about $450 million on its books, the remaining $2.1 billion will be combined debt that will be in the books of Cooper and Vredestein that they have acquired.

Of this $2.1 billion, $1.9 billion will be raised via dollar-denominated bonds and the remaining $200 million will be asset-based loans. Post this acquisition, Apollo Tyres’ total debt-equity ratio would be about 1:9. This too is expected to steadily come down over the next few years and at a consolidated level their debt-equity ratio would be 1:4.

Apollo Tyres Share Price

445.30 1.55 (0.35%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
MRF 139772.66
Apollo Tyres 445.30
CEAT 3713.55
Balkrishna Inds. 2329.80
JK Tyres & Inds. 428.30
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