MoneyWorks4Me

Apollo Tyres Ltd (APOLLOTYRE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500877 NSE: APOLLOTYRE Tyres & Allied | Small Cap | Apollo Tyres Share Price

₹405.95 3.45 (0.86%)

As on 23-Sep'26 16:59

Apollo Tyres Ltd (APOLLOTYRE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500877 NSE: APOLLOTYRE Tyres & Allied | Small Cap | Apollo Tyres Share Price

₹405.95 3.45 (0.86%)

As on 23-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹25,782 Cr.
Current Price
₹406
52-Week Low / High
₹365 / 540
TTM EPS
₹26.9
TTM Sales
₹29,308 Cr.
Book Value per Share
₹268.4
P/E Ratio
15.09
Lower than its 5-year historical median
Industry PE
20.9
Price to Book (P/B)
1.51
Lower than its 5-year historical median
Price to Sales (P/S)
0.88
Lower than its 5-year historical median
EV/EBITDA
6.34
Lower than its 5-year historical median
Dividend Yield
1.48%
Profitability Efficiency
Return on Equity (ROE)
8.73%
Underperforms industry median
Return on Capital Employed (ROCE)
9.22%
Underperforms industry median
Return on Assets (ROA)
4.88%
Operating Profit Margin
14.6%
Net Profit Margin
4.82%
Gross Profit Margin
13.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.04%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.99%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
22.39%
Asset Quality
Promoter Holding
36.93%
Pledged shares (%) of Promoter's holding (%)
0.01%
Reserves
₹16,981 Cr.
Equity
₹63.5 Cr.
Face Value
₹1
All Time Low / High
₹3.60 / 584.65

Apollo Tyres stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Weak
Q.1 Is Apollo Tyres Ltd a good quality company?
Apollo Tyres Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Apollo Tyres Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Apollo Tyres Ltd vs industry peers?
Apollo Tyres Ltd revenue CAGR is 10.35%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Apollo Tyres Ltd?
Promoters hold 36.93% of the Apollo Tyres Ltd, with 0.01% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Apollo Tyres Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Apollo Tyres Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 18.7%11.9%9.4%7.2%11.1%5.3%9.3%16.4%9.8%16%-
Value Creation
Index
0.4-0.1-0.3-0.5-0.2-0.6-0.20.5-0.10.4-

Growth Parameters

Sales 8,93410,30212,35411,06811,73314,64917,30117,53918,17419,81620,553
Sales YoY Gr.-15.3%19.9%-10.4%6%24.9%18.1%1.4%3.6%9%-
Adj EPS 14.910.112.18.811.23.37.718.21028.730.5
YoY Gr.--32.2%19.4%-27.5%28.5%-70.6%133.8%135.1%-45.3%188.6%-
BVPS (₹) 104.7126.9133.5134.4149.1149.8151.1164.3168187191.8
Adj Net
Profit
7595786905017142104911,1566331,8261,934
Cash Flow from Ops. 3309335931,8951,4941,6151,5342,0851,1532,211-
Debt/CF from Ops. 5.52.74.62.32.92.72.71.52.51.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.3%11.1%4.6%9%
Adj EPS 7.6%20.7%54.9%188.6%
BVPS6.7%4.6%7.4%11.3%
Share Price 6.3% 12.2% 3% -17.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.29.29.36.58.32.25.111.5616.216.1
Op. Profit
Mgn %
14.912.21212.717.49.812.217.712.114.514
Net Profit
Mgn %
8.55.65.64.56.11.42.86.63.59.29.4
Debt to
Equity
0.30.40.40.60.50.50.40.30.30.2-
Working Cap
Days
14316916818918116712610411512060
Cash Conv.
Cycle
1925282714232128485210

Valuation of Apollo Tyres - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.071.161.161.161.160.070.050.010.010.01
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales13,18014,84317,54916,35017,39720,94824,56825,37826,12328,471
Operating Expenses + 11,31713,17515,57314,39214,57918,35321,23520,90922,52824,300
Manufacturing Costs8399681,0639329661,2221,4111,4261,4961,577
Material Costs6,8908,39610,1389,0769,39512,38614,63713,66314,69515,554
Employee Cost 1,9272,1572,4302,4822,5132,5742,6202,9643,1303,542
Other Costs 1,6611,6551,9421,9021,7062,1712,5672,8563,2083,629
Operating Profit 1,8631,6681,9761,9582,8182,5953,3334,4683,5954,170
Operating Profit Margin (%) 14.1%11.2%11.3%12.0%16.2%12.4%13.6%17.6%13.8%14.6%
Other Income + 152114123241291234115488133
Exceptional Items 00-2000-608-623-77-169-1,034
Interest 118177199300463465551527470419
Depreciation 4625938131,1381,3151,4001,4191,4781,4981,543
Profit Before Tax 1,4361,0128885435618481,4272,5401,5471,309
Tax 33728820867211209381818425-63
Profit After Tax 1,0997246804763506391,0461,7221,1211,372
PAT Margin (%) 8.3%4.9%3.9%2.9%2.0%3.1%4.3%6.8%4.3%4.8%
Adjusted EPS (₹)21.612.711.98.35.510.116.527.117.721.6
Dividend Payout Ratio (%)13.90%23.70%27.40%36%63.50%32.30%27.30%22.10%28.30%27.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 7,2909,77710,0409,93011,44311,75212,57813,90214,76616,699
Share Capital 50.9057.2157.2157.2163.5163.5163.5163.5163.5163.51
Reserves 7,2399,7199,9839,87311,38011,68912,51513,83914,70216,635
Debt +3,2454,4464,7216,5805,0905,2924,3643,0082,7302,299
Long Term Debt2,1563,7004,1665,1484,7864,4083,7902,6731,8291,502
Short Term Debt1,0897455551,432303884575335901797
Minority Interest0000000000
Trade Payables1,7322,4472,0662,3092,8073,5313,3962,7262,8743,224
Others Liabilities 4,5295,1475,2766,6198,8928,8106,9437,2396,8566,812
Total Liabilities 16,79521,81622,10425,43728,23229,38627,28126,87527,22729,034

Fixed Assets

Net Fixed Assets +6,69210,40311,75415,44816,42017,59117,65317,00616,55116,918
Gross Block12,62817,42619,26724,34126,78328,99729,88030,41231,01534,002
Accumulated Depreciation5,9377,0237,5138,89310,36411,40612,22713,40614,46417,083
CWIP 2,9152,3041,5391,6421,1076182533484351,077
Investments 3961,3426191104814365324562
Inventories2,6462,9453,4843,2073,3194,1554,4284,2465,1315,452
Trade Receivables1,1271,4351,3149401,3812,0512,4892,6653,0623,191
Cash Equivalents 3375995637502,1461,0818469228981,044
Others Assets 2,6822,7873,4433,4313,7513,4081,1771,1561,1041,289
Total Assets 16,79521,81622,10425,43728,23229,38627,28126,87527,22729,034
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 9021,7201,0712,5172,4472,1542,1373,4401,8233,667
PBT 1,4361,0128885435618481,4272,5401,5471,309
Adjustment 5166389461,2711,6281,6111,7111,7871,9352,309
Changes in Working Capital -723315-543795462-183-784-503-1266480
Tax Paid -326-246-220-92-204-122-217-384-393-431
Cash Flow From Investing Activity + -2,952-3,863-996-2,796-2,344-1,172-478-711-202-1,341
Capex -3,264-3,067-2,274-2,806-1,156-1,816-763-674-731-1,355
Net Investments 108-9311,137-13-1,255596251-72497-9
Others 20413614123674833353123
Cash Flow From Financing Activity + 1,8952,321-62472152-1,081-1,692-2,659-1,647-2,177
Net Proceeds from Shares 01,47600000000
Net Proceeds from Borrowing 1,6231,334681540776-764-406-1,366-1,079-647
Interest Paid -66-132-182-223-341-402-526-525-472-423
Dividend Paid -102-153-172-4310-222-206-286-381-539
Others 439-204-390587-283307-553-482285-569
Net Cash Flow -15517813194255-100-3470-26149
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)15.838.496.864.773.285.518.613.017.828.73
ROCE (%)16.469.467.355.35.937.3410.9617.0411.219.22
Asset Turnover Ratio0.950.780.80.690.650.730.870.940.971.01
PAT to CFO Conversion(x)0.822.381.585.296.993.372.0421.632.67
Working Capital Days
Receivable Days28.503128.6025.2024.3029.9033.7037.104040.10
Inventory Days59.1067.6066.9074.7068.5065.1063.8062.4065.5067.80
Payable Days75.6076.5074.108899.4093.4086.4081.8069.6071.60

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Apollo Tyres Ltd FAQs

The current trading price of Apollo Tyres on 23-Sep-2026 16:59 is ₹405.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Sep-2026 the market cap of Apollo Tyres stood at ₹25,781.9 Cr

The latest P/E ratio of Apollo Tyres as of 22-Sep-2026 is 13.33.

The latest P/B ratio of Apollo Tyres as of 22-Sep-2026 is 2.12.

The 52-week high of Apollo Tyres is ₹540.3 and the 52-week low is ₹365.4.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apollo Tyres is ₹20,553 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apollo Tyres Ltd is a average quality company.

The key valuation ratios of Apollo Tyres Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Apollo Tyres Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Apollo Tyres Ltd

Apollo Tyres came into inception in 1972 and has since been a trusted name in the business of manufacture and sale of tyres. With its corporate headquarters in Gurgaon, India, the company caters to over a many countries across the globe. The company markets its products under its two global brands: Apollo and Vredestein. These products are available in countries across the globe through a vast network of branded, exclusive and multi-product outlets. Each brand from the company is equipped with its own distinctive visual language and targeted to a specific customer need. This approach has enabled the company to provide a wide range of products for various applications, across geographies-ending with a delighted customer.

Business area of the company

The company is an international tyre manufacturer and the leading tyre brand in India. The company markets its products under its two global brands - Apollo and Vredestein, and its products are available in various countries through a vast network of branded, exclusive and multi-product outlets. The product portfolio of the company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tyres, and retreading material and tyres.

Products of the company

  • Car, SUV & Van Tyres
  • Bike and Scooter Tyres
  • Tractor Tyres
  • Truck, Bus, & LCV Tyres
  • Industrial Tyres
  • Off-The-Road Earthmover Tyres

Awards

  • 2007: FICCI–SEDF Social Responsibility Award 2007 for work in the area of HIV-AIDS Awareness and Prevention.
  • 2009: Recognition from International Labor Organisation for implementing the workplace HIV-AIDS Awareness and Prevention Programme for its employees in 2006.
  • 2011: Business Action on Health Award 2011 was given by GBC Health, under ‘Community Investment’ category, for the leadership in HIV/AIDS prevention and treatment services in India.
  • 2012: Asia Responsible Entrepreneurship Award 2012 was given by Enterprise Asia, under ‘Health Promotion Award, category for HIV-AIDS Awareness and Prevention Programme.
  • 2013: Global Sustainability Leadership Award 2013 was given by World CSR Congress under ‘Best Community Action’ category for HIV-AIDS Awareness and Prevention Programme. 
  • 2013: Asian CSR Leadership Award 2013 by World CSR Congress was given, under the ‘Health Care’ category for HIV-AIDS Awareness and Prevention Programme.
  • 2015: ASIAN CSR Awards 2015 was given by Asian Forum on Corporate Social Responsibility, under the ‘Health Enhancement’ category. 
  • 2016: Global Green Future Leadership Award 2016 was given by World CSR Congress, under the ‘Best Waste Management’ category for Clean My Transport Nagar (CMTN) initiative.
  • 2016: Bureaucracy Today (BT) - CSR Excellence Award 2016 was given by Bureaucracy Today media group, under the 'Best Waste Management’ category for Clean My Transport Nagar project.
  • 2016: ‘NIPM Kerala Best Corporate Citizen Award 2016' was given by the Kerala Chapter of National Institute of Personnel Management (NIPM), for the exemplary CSR work done by Kerala CSR team.
  • 2016: The company bagged multiple awards in the CSR Excellence Award - One for Best CSR Initiatives and three for Best Livelihood Initiatives. 
  • 2016: 'Sparsha Award 2016' was given by the National Institute of Industrial Engineering and LakshyaSM) for the valuable contribution done by the Vadodara (Gujarat) CSR team under ‘Livelihood Generation Initiatives’. 
  • 2017: Recognition plaque was given by FICCI Aditya Birla CSR for the exemplary work done by Apollo Tyres Foundation under women empowerment category. 
  • 2017: The Company received Asian Customer Engagement Forum (ACEF) CSR Award under Best Stakeholder Management category by Asian Customer Engagement Forum.
  • 2017: The Company bagged Indywood CSR Excellence Award under Best CSR Campaign - Biodiversity and Climate Change category, organised by Indywood Film Carnival.
  • 2018: Antyodaya Vadodara CSR Award 2018 was given by Institute of Leadership and Governance- Maharaja Sayaji Rao University of Baroda for successful implementation of livelihood generation programme for underprivileged women in Vadodara, Gujarat.
  • 2018: The organisation received CSR Times Award 2018 under the Healthcare category for exceptional healthcare programme for its truck driver community.
  • 2018: The organisation received CSR Excellence Award under Livelihood Creation category by Gujarat CSR Summit and Awards for its livelihood programme in Gujarat.
  • 2018: NIPM CSR Award 2018 was given by the Kerala Chapter of National Institute of Personnel Management (NIPM), for the exemplary CSR work done by Kerala CSR team. 
  • 2018: CSR Health Impact Award 2018 was given under Health CSR Project category. 
  • 2019: Apollo Tyres has been honored with Gujarat CSR Authority Award (GCSRA) 2019. The Company has received the award under 'Sustainable and Impactful CSR Project' category under women empowerment initiative through Programme Navya in Gujarat, India. 
  • 2019: Apollo Tyres has been honored with the ASSOCHAM Women Achievers Award (AWAA) 2019 under the 'Best Organisation Supporting Women 360 degree' category. 
  • 2019: Apollo Tyres has been honoured with ICSI (The Institute of Company Secretaries of India) CSR Excellence Award 2019 under the 'Best Corporate in Large' category. 
  • 2021: Recognition for 'Exemplary' contribution under TB eradication initiative by CSR Times Award 2021.
  • 2021: Gold - CSR Health Impact Award 2021 under ‘Health CSR Project – Health Campaign of the Year’ category.
  • 2021: ET SDG Award 2021 awarded by ‘The Economic Times’ for exceptional work undertaken in ‘Sustainability’ space. 
  • 2023: Apollo Tyres won Silver Award under the category of CSR Water Body Revival Project. The award was given by IHW Council.
  • 2023: Apollo Tyres Foundation received an award for Miyawaki Afforestation project under the category; Seeding Sustainability.
  • 2023: Apollo Tyres Foundation received CSR Times Gold award in healthcare category.
  • 2023: The Chennai Plant won the 3rd prize under the Best Industry Category for its water conservation efforts.
  • 2024: Apollo Tyres' Plants in Kerala, India won the Kerala Management Association Awards 2024 in the Environment category.
  • 2024: The Chennai Plant received the 2nd Prize in the 5th National Water Awards from Minister for Jal Shakti.
  • 2024: Apollo Tyres has been honoured with the Mahatma Award 2024 for 'Sustainable and Responsible Business Practices'.
  • 2024: Apollo Tyres ranked 1st among Top 3 India’s Most Sustainable Companies in the Automotive Components sector.
  • 2024: The Chennai Plant received the 1st Prize for Industrial Water Use Efficiency at the 12th edition of FICCI water award.
  • 2024: The Chennai Plant wins Water Management Award at Aqua Foundation’s Excellence award 2024.
  • 2025: Apollo Tyres has proudly been awarded the Mahatma Award 2025 for Corporate Environment Responsibility Excellence.

Major Events and Milestones

  • 1977: First plant in Perambra, Kerala.
  • 1991: Second plant in Limda, Gujarat.
  • 1995: Acquired plant in Kalamassery, Kerala.
  • 2009: Acquired Vredestein Banden BV, Netherlands.
  • 2005: Acquired Dunlop Tyres, South Africa.
  • 2010: Truck Radial Plant in Oragadam, Tamil Nadu.
  • 2011: Sales & Marketing Office, Dubai.
  • 2011: Ties-up with Kwik-Fit car service centres.
  • 2011: Launches India's only full-service outlet for commercial vehicles.
  • 2011: Apollo Tyres enters Sri Lanka market. 
  • 2012: Launch 57 inch off-highway tyre at IMME 2012.
  • 2013: Sales & Marketing Office, Thailand
  • 2013: Global R&D Centre Europe, Netherlands.
  • 2013: Apollo Tyres extends its product range in Europe.
  • 2013: Introduces 4G range of passenger car tyres for the Indian market.
  • 2013: Global Marketing Office in London, UK.
  • 2013: Partnered with Manchester United.
  • 2014: Global R&D Centre Asia, India.
  • 2014: Introduced Apterra H/P, an on-road High Performance summer tyre for SUVs.
  • 2015: Acquired Reifencom- German Tyre Distribution Company.
  • 2015: Laid foundation stone for the Hungary Greenfield Plant.
  • 2015: First Apollo Zone inaugurated in Lebanon.
  • 2015: Global Procurement Office, Singapore.
  • 2016: Forays into the two-wheeler tyre segment.
  • 2016: Signs MoU with Govt of Andhra Pradesh.
  • 2017: Introduced Apollo Apterra HT2 for the growing 4x4 and SUV segment, whereas the actiZip F2 & actiZip R3 tubeless tyres has been launched for the motorcycles. 
  • 2017: Launch of the Hungary plant.
  • 2017: TBR Launch in Europe.
  • 2018: Laid foundation stone for the Apollo Tyres seventh manufacturing facility globally in Andhra Pradesh.
  • 2018: Apollo Tyres' Hungarian facility begins commercial production of truck tyres.
  • 2019: Opens its first tyre service centre in Malaysia.
  • 2019: Introduces EnduMaxx brand of light truck tyres for the Indian market.
  • 2019: Collaborates with Ashok Leyland.
  • 2019: Entry into Saudi Arabia through a tie-up with Al-Jomaih Tyres Company.
  • 2020: Inaugurated the Andhra Pradesh Plant.
  • 2020: Apollo Vredestein launches full product offensive in NA.
  • 2021: Apollo inaugurates a specialised Service Centre for tyres.
  • 2021: Apollo introduces future-ready Amazer XP tyres.
  • 2021: Apollo introduces Apterra Cross tyres.
  • 2021: Apollo Tyres is now accredited with ISO 17025 for track tests.
  • 2021: Apollo Tyres’ CV Zones gets TUV – IRF certification.
  • 2021: Apollo launches EnduRace RAT, an all-wheel fitment TBR tyre.
  • 2021: Apollo Tyres brings in premium tyre brand Vredestein to India.
  • 2022: Apollo Tyres deploys EVs for last mile deliveries.
  • 2022: Apollo Tyres partners Tata Power to deploy EV charging stations.
  • 2022: Apollo Tyres Opens Digital Innovation Hub in UK.
  • 2022: Apollo Tyres launches new gen agri tyres.
  • 2022: Apollo Tyres Launches EV Specific Tyres for Passenger Cars and Two Wheelers.
  • 2022: Apollo Tyres receives 5-star ratings for LCV tyres.
  • 2022: Tramplr series of enduro tyres launched.
  • 2022: Apollo Tyres revamps its offering for the mining segment.
  • 2022: Advanced R&D Tyre Testing facility inaugurated.
  • 2023: Digital Innovation Centre opened in Hyderabad.
  • 2023: Apollo develops tyres with 75% sustainable materials.
  • 2023: Vredestein Pinza AT launched in India.
  • 2024: Apollo Tyres rolls out Trumigo.
  • 2024: Vredestein expands SUV range in India.
  • 2025: Apollo Tyres Launches Ultra-High Performance (UHP) Range, Aspire 5; To Be Sold Worldwide For Luxury Cars.
  • 2025: Apollo Tyres achieves ISCC+ Certification for Hungary Facility, Reinforcing Commitment to Sustainability.
  • 2025: Apollo Tyres Super Premium Retail Outlet Inaugurated, Redefining the Tyre and Mobility Experience.
  • 2025: Apollo Tyres Chennai and Limda Plants awarded prestigious 5-star rating by British Safety Council.
  • 2025: Apollo Tyres Ltd and KIIT Announce India’s First Strategic Academic Collaboration.
  • 2026: Apollo Tyres launches new truck-bus bias tyre range.
  • 2026: Apollo Tyres Formally Inaugurates Dedicated Outdoor Tyre Testing Facility.
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