HEX CODE #9e15da

Stock Data (as

Recommendation : XXX on Nov 15, 2024)
CMP : INR 476.20 NIFTY : 23,532.70
Target Price : XXX 52 Weeks: 584.90/413.95
Market Ca: 30,186
o/s Shares:63.51
Dividend : 1.26
NSE Code: APOLLOTYRE

Pattern (as on
Sep, 2024)
Promoter: 37.4%
FIIs : 14.6%
DIIs : 27.1%
Public : 21.0%

Absolute Returns
1 Year : 10.9%
3 Year : 104.4%
5 Year : 183.1%

Financial Summary
IN INR Crs FY24A FY25E FY26E

Net Revenue 25377.7 27051.0 ###

YoY Growth % 3.3% 6.6% 6.1%
EBITDA 4468.4 4365.0 4835.0
EBITDA Margins 17.6% 16.3% 17.0%
PAT 1721.9 1846.5 2208.0
YoY Growth % 64.6% 5.1% 19.8%
ROE 13.0% 12.0% 12.9%
EPS (in INR) 27.1 29.0 34.1
EV/EBITDA 7.5 x 8.2 x 7.1 x

CONSENSUS ESTIMATE
Financial Summary - FY25
IN INR Crs GEOJIT SHAREKHAN I EMKAY MEDIANAVERAGE
Net Revenue 27154.0 26768.0
### 27342.1 27051.0 ###
YoY Growth % 7.0% 5.5%
### 7.7% 6.6% 6.6%
EBITDA 4046.0 4261.0
### 4730.0 4365.0 4376.5
EBITDA Margins % 14.9% 15.9%
### 17.3% 16.3% 16.2%
PAT 1648.0 1715.0
### 2034.1 1846.5 1843.8
YoY Growth % -8.4% -4.7%
### 18.1% 5.1% 5.0%
ROE 10.6% 11.1%
### 13.8% 12.0% 12.1%
EPS (in INR) 26.0 27.0
### 31.0 29.0 28.8
EV/EBITDA 8.7 x 8.5###
x 6.8 x 8.2 x 7.9 x

CONSENSUS ESTIMATE
Financial Summary - FY26
IN INR Crs GEOJIT SHAREKHAN I EMKAY MEDIANAVERAGE

Net Revenue 29326.0 28236.0

### 29007.4 28811.7 ###
YoY Growth % 8.0% 5.5%
### 6.1% 6.1% 6.4%
EBITDA 4648.0 4870.0
### 5106.5 4835.0 4856.1
EBITDA Margins % 15.8% 17.2%
### 17.6% 17.0% 16.9%
PAT 2077.0 2104.0
### 2325.3 2208.0 2204.6
YoY Growth % 26.0% 22.7%
### 14.3% 19.8% 20.0%
ROE 12.3% 12.1%
### 14.2% 12.9% 13.0%
EPS (in INR) 32.7 33.1
### 35.0 34.1 34.3
EV/EBITDA 7.5 x 7.4###
x 5.9 x 7.1 x 6.9 x
 NIFTY APOLLO
Date Price Price Vol. NIFTY Apollo
15-Nov-23 19,675.45 428.3 2.60M 1 1
16-Nov-23 19,765.20 427.85 2.03M 1.005 0.999
17-Nov-23 19,731.80 431 1.54M 1.003 1.006
20-Nov-23 19,694.00 425.85 1.19M 1.001 0.994
21-Nov-23 19,783.40 424.6 898.56K 1.005 0.991
22-Nov-23 19,811.85 420.85 672.43K 1.007 0.983
23-Nov-23 19,802.00 420.95 585.29K 1.006 0.983
24-Nov-23 19,794.70 414.6 1.14M 1.006 0.968
28-Nov-23 19,889.70 422.6 716.24K 1.011 0.987
29-Nov-23 20,096.60 426.1 1.21M 1.021 0.995
30-Nov-23 20,133.15 427.4 1.79M 1.023 0.998
1-Dec-23 20,267.90 442.45 4.87M 1.030 1.033
4-Dec-23 20,686.80 449.95 2.70M 1.051 1.051
5-Dec-23 20,855.10 458.65 3.24M 1.060 1.071
3 J an -2
6-Dec-23 20,937.70 462.45 1.90M 1.064 1.080 Nov-2
7-Dec-23 20,901.15 455.15 3.29M 1.062 1.063
8-Dec-23 20,969.40 458.55 2.77M 1.066 1.071
11-Dec-23 20,997.10 450.55 1.28M 1.067 1.052
12-Dec-23 20,906.40 449.85 1.34M 1.063 1.050
13-Dec-23 20,926.35 445.65 1.53M 1.064 1.041
14-Dec-23 21,182.70 450.85 3.15M 1.077 1.053
15-Dec-23 21,456.65 450.55 2.85M 1.091 1.052
19-Dec-23 21,453.10 455.35 12.19M 1.090 1.063
20-Dec-23 21,150.15 431.3 4.04M 1.075 1.007
21-Dec-23 21,255.05 430.25 4.26M 1.080 1.005
22-Dec-23 21,349.40 427.55 1.68M 1.085 0.998
26-Dec-23 21,441.35 430.35 1.60M 1.090 1.005
27-Dec-23 21,654.75 435.65 2.89M 1.101 1.017
28-Dec-23 21,778.70 438.9 3.22M 1.107 1.025
29-Dec-23 21,731.40 454.05 3.26M 1.104 1.060
1-Jan-24 21,741.90 453.25 1.68M 1.105 1.058
2-Jan-24 21,665.80 456.45 2.36M 1.101 1.066
3-Jan-24 21,517.35 457.75 1.16M 1.094 1.069
4-Jan-24 21,658.60 448.9 2.54M 1.101 1.048
5-Jan-24 21,710.80 460.5 4.67M 1.103 1.075
8-Jan-24 21,513.00 454.75 1.21M 1.093 1.062
9-Jan-24 21,544.85 468.35 4.40M 1.095 1.094
10-Jan-24 21,618.70 466.7 1.70M 1.099 1.090
11-Jan-24 21,647.20 468.9 2.52M 1.100 1.095
12-Jan-24 21,894.55 468.65 1.85M 1.113 1.094
15-Jan-24 22,097.45 472.3 1.01M 1.123 1.103
16-Jan-24 22,032.30 472.6 1.69M 1.120 1.103
17-Jan-24 21,571.95 471.75 2.72M 1.096 1.101
18-Jan-24 21,462.25 500.05 8.87M 1.091 1.168
19-Jan-24 21,622.40 503.45 2.35M 1.099 1.175
 20-Jan-24 21,571.80 524.95 6.02M 1.096 1.226
23-Jan-24 21,238.80 510.4 2.41M 1.079 1.192
24-Jan-24 21,453.95 525.75 1.69M 1.090 1.228
25-Jan-24 21,352.60 517.6 1.62M 1.085 1.208
29-Jan-24 21,737.60 527.25 1.33M 1.105 1.231
30-Jan-24 21,522.10 532 1.73M 1.094 1.242
31-Jan-24 21,725.70 540.5 3.94M 1.104 1.262
1-Feb-24 21,697.45 533.95 1.82M 1.103 1.247
2-Feb-24 21,853.80 539.7 895.83K 1.111 1.260
5-Feb-24 21,771.70 545.5 1.33M 1.107 1.274
6-Feb-24 21,929.40 553 1.63M 1.115 1.291
7-Feb-24 21,930.50 552.2 999.93K 1.115 1.289
8-Feb-24 21,717.95 538.8 2.21M 1.104 1.258
9-Feb-24 21,782.50 509.9 4.01M 1.107 1.191
12-Feb-24 21,616.05 512.65 2.57M 1.099 1.197
13-Feb-24 21,743.25 510.8 1.28M 1.105 1.193
14-Feb-24 21,840.05 517.95 1.57M 1.110 1.209
15-Feb-24 21,910.75 520.55 1.43M 1.114 1.215
16-Feb-24 22,040.70 528.65 1.56M 1.120 1.234
19-Feb-24 22,122.25 531.8 1.64M 1.124 1.242
20-Feb-24 22,196.95 518.2 1.79M 1.128 1.210
21-Feb-24 22,055.05 516.25 846.32K 1.121 1.205
22-Feb-24 22,217.45 522.85 716.24K 1.129 1.221
23-Feb-24 22,212.70 523.75 736.03K 1.129 1.223
26-Feb-24 22,122.05 526.25 1.06M 1.124 1.229
27-Feb-24 22,198.35 518.05 873.53K 1.128 1.210
28-Feb-24 21,951.15 507.5 1.01M 1.116 1.185
29-Feb-24 21,982.80 518.5 1.50M 1.117 1.211
1-Mar-24 22,338.75 529.8 1.38M 1.135 1.237
2-Mar-24 22,378.40 531.2 118.71K 1.137 1.240
4-Mar-24 22,405.60 535.1 1.62M 1.139 1.249
5-Mar-24 22,356.30 542 2.47M 1.136 1.265
6-Mar-24 22,474.05 535.3 1.09M 1.142 1.250
7-Mar-24 22,493.55 516.7 2.39M 1.143 1.206
11-Mar-24 22,332.65 510.65 3.07M 1.135 1.192
12-Mar-24 22,335.70 507.1 2.40M 1.135 1.184
13-Mar-24 21,997.70 492.1 2.85M 1.118 1.149
14-Mar-24 22,146.65 502.55 2.42M 1.126 1.173
15-Mar-24 22,023.35 472.95 2.92M 1.119 1.104
18-Mar-24 22,055.70 458.1 5.05M 1.121 1.070
19-Mar-24 21,817.45 454.95 2.47M 1.109 1.062
20-Mar-24 21,839.10 452.05 1.71M 1.110 1.055
21-Mar-24 22,011.95 461 1.35M 1.119 1.076
22-Mar-24 22,096.75 468.35 1.67M 1.123 1.094
26-Mar-24 22,004.70 471.45 1.49M 1.118 1.101
27-Mar-24 22,123.65 467.7 1.25M 1.124 1.092
28-Mar-24 22,326.90 466.45 1.16M 1.135 1.089
1-Apr-24 22,462.00 465.3 2.06M 1.142 1.086
 2-Apr-24 22,453.30 470.1 2.29M 1.141 1.098
3-Apr-24 22,434.65 468.65 1.30M 1.140 1.094
4-Apr-24 22,514.65 459.85 1.98M 1.144 1.074
5-Apr-24 22,513.70 468.45 2.78M 1.144 1.094
8-Apr-24 22,666.30 469.9 1.55M 1.152 1.097
9-Apr-24 22,642.75 469.85 1.40M 1.151 1.097
10-Apr-24 22,753.80 488.75 4.95M 1.156 1.141
12-Apr-24 22,519.40 482.3 1.96M 1.145 1.126
15-Apr-24 22,272.50 473.3 1.61M 1.132 1.105
16-Apr-24 22,147.90 477.55 2.47M 1.126 1.115
18-Apr-24 21,995.85 473.2 1.83M 1.118 1.105
19-Apr-24 22,147.00 473.4 1.68M 1.126 1.105
22-Apr-24 22,336.40 480.05 3.59M 1.135 1.121
23-Apr-24 22,368.00 486.4 1.45M 1.137 1.136
24-Apr-24 22,402.40 486.55 928.10K 1.139 1.136
25-Apr-24 22,570.35 499.3 1.97M 1.147 1.166
26-Apr-24 22,419.95 492.4 1.27M 1.139 1.150
29-Apr-24 22,643.40 494.65 1.83M 1.151 1.155
30-Apr-24 22,604.85 510.1 5.40M 1.149 1.191
2-May-24 22,648.20 513.35 1.49M 1.151 1.199
3-May-24 22,475.85 502.55 2.95M 1.142 1.173
6-May-24 22,442.70 482.7 2.69M 1.141 1.127
7-May-24 22,302.50 478.35 1.43M 1.134 1.117
8-May-24 22,302.50 479.2 1.25M 1.134 1.119
9-May-24 21,957.50 478.55 1.49M 1.116 1.117
10-May-24 22,055.20 480.75 1.25M 1.121 1.122
13-May-24 22,104.05 477.85 999.77K 1.123 1.116
14-May-24 22,217.85 474.15 1.96M 1.129 1.107
15-May-24 22,200.55 474.1 11.90M 1.128 1.107
16-May-24 22,403.85 488.15 15.58M 1.139 1.140
17-May-24 22,466.10 489.3 3.73M 1.142 1.142
18-May-24 22,502.00 492.6 218.79K 1.144 1.150
21-May-24 22,529.05 482.6 3.00M 1.145 1.127
22-May-24 22,597.80 490.75 9.51M 1.149 1.146
23-May-24 22,967.65 483.45 2.90M 1.167 1.129
24-May-24 22,957.10 481.65 1.70M 1.167 1.125
27-May-24 22,932.45 476.95 5.62M 1.166 1.114
28-May-24 22,888.15 473.95 2.89M 1.163 1.107
29-May-24 22,704.70 471.05 2.46M 1.154 1.100
30-May-24 22,488.65 465.75 4.05M 1.143 1.087
31-May-24 22,530.70 463.5 3.94M 1.145 1.082
3-Jun-24 23,263.90 476.65 2.12M 1.182 1.113
4-Jun-24 21,884.50 451.4 3.88M 1.112 1.054
5-Jun-24 22,620.35 470.15 2.21M 1.150 1.098
6-Jun-24 22,821.40 471 2.36M 1.160 1.100
7-Jun-24 23,290.15 485.05 3.26M 1.184 1.133
10-Jun-24 23,259.20 487.15 2.13M 1.182 1.137
11-Jun-24 23,264.85 481.35 2.19M 1.182 1.124
12-Jun-24 23,322.95 477.9 2.13M 1.185 1.116
13-Jun-24 23,398.90 476.7 1.64M 1.189 1.113
14-Jun-24 23,465.60 476.45 1.75M 1.193 1.112
18-Jun-24 23,557.90 484.8 3.17M 1.197 1.132
19-Jun-24 23,516.00 484.65 3.23M 1.195 1.132
20-Jun-24 23,567.00 494.05 4.24M 1.198 1.154
21-Jun-24 23,501.10 502.05 5.31M 1.194 1.172
24-Jun-24 23,537.85 499.15 3.17M 1.196 1.165
25-Jun-24 23,721.30 519.25 8.43M 1.206 1.212
26-Jun-24 23,868.80 517.75 6.27M 1.213 1.209
27-Jun-24 24,044.50 517.55 3.85M 1.222 1.208
28-Jun-24 24,010.60 541.9 11.40M 1.220 1.265
1-Jul-24 24,141.95 545.9 3.43M 1.227 1.275
2-Jul-24 24,123.85 535.5 2.74M 1.226 1.250
3-Jul-24 24,286.50 534.8 2.00M 1.234 1.249
4-Jul-24 24,302.15 528.5 2.99M 1.235 1.234
5-Jul-24 24,323.85 524.35 2.01M 1.236 1.224
8-Jul-24 24,320.55 522.35 2.08M 1.236 1.220
9-Jul-24 24,433.20 536.9 4.92M 1.242 1.254
10-Jul-24 24,324.45 527.85 3.20M 1.236 1.232
11-Jul-24 24,315.95 526.4 1.19M 1.236 1.229
12-Jul-24 24,502.15 518.8 1.11M 1.245 1.211
15-Jul-24 24,586.70 539.75 9.38M 1.250 1.260
16-Jul-24 24,613.00 550.45 5.55M 1.251 1.285
18-Jul-24 24,800.85 549.95 5.42M 1.260 1.284
19-Jul-24 24,530.90 525.6 13.12M 1.247 1.227
22-Jul-24 24,509.25 525.4 1.51M 1.246 1.227
23-Jul-24 24,479.05 518.6 2.98M 1.244 1.211
24-Jul-24 24,413.50 539.25 2.42M 1.241 1.259
25-Jul-24 24,406.10 537 1.85M 1.240 1.254
26-Jul-24 24,834.85 550.4 5.48M 1.262 1.285
29-Jul-24 24,836.10 551.75 2.85M 1.262 1.288
30-Jul-24 24,857.30 559.65 3.71M 1.263 1.307
31-Jul-24 24,951.15 555.7 1.23M 1.268 1.297
1-Aug-24 25,010.90 551.6 1.68M 1.271 1.288
2-Aug-24 24,717.70 536.65 2.29M 1.256 1.253
5-Aug-24 24,055.60 523.7 1.74M 1.223 1.223
6-Aug-24 23,992.55 515.35 1.21M 1.219 1.203
7-Aug-24 24,297.50 520.2 1.82M 1.235 1.215
8-Aug-24 24,117.00 511.5 6.06M 1.226 1.194
9-Aug-24 24,367.50 491.85 4.08M 1.238 1.148
12-Aug-24 24,347.00 493.5 1.95M 1.237 1.152
13-Aug-24 24,139.00 485.4 1.44M 1.227 1.133
14-Aug-24 24,143.75 486.4 1.51M 1.227 1.136
16-Aug-24 24,541.15 485.15 1.68M 1.247 1.133
19-Aug-24 24,572.65 483 1.26M 1.249 1.128
20-Aug-24 24,698.85 499.05 3.16M 1.255 1.165
21-Aug-24 24,770.20 506.25 2.79M 1.259 1.182
22-Aug-24 24,811.50 507.6 1.15M 1.261 1.185
23-Aug-24 24,823.15 508.6 1.16M 1.262 1.187
26-Aug-24 25,010.60 502.45 1.01M 1.271 1.173
27-Aug-24 25,017.75 504.4 2.14M 1.272 1.178
28-Aug-24 25,052.35 497.5 1.02M 1.273 1.162
29-Aug-24 25,151.95 492.35 2.59M 1.278 1.150
30-Aug-24 25,235.90 492.9 2.07M 1.283 1.151
2-Sep-24 25,278.70 499.35 1.15M 1.285 1.166
3-Sep-24 25,279.85 502.9 1.30M 1.285 1.174
4-Sep-24 25,198.70 508.7 2.14M 1.281 1.188
5-Sep-24 25,145.10 512 1.53M 1.278 1.195
6-Sep-24 24,852.15 507.75 2.35M 1.263 1.186
9-Sep-24 24,936.40 512.35 2.00M 1.267 1.196
10-Sep-24 25,041.10 518.65 1.29M 1.273 1.211
11-Sep-24 24,918.45 523.65 2.11M 1.266 1.223
12-Sep-24 25,388.90 518.05 1.65M 1.290 1.210
13-Sep-24 25,356.50 526.7 1.93M 1.289 1.230
16-Sep-24 25,383.75 526.35 2.22M 1.290 1.229
17-Sep-24 25,418.55 518.25 1.56M 1.292 1.210
18-Sep-24 25,377.55 510.9 1.01M 1.290 1.193
19-Sep-24 25,415.80 518.45 1.82M 1.292 1.210
20-Sep-24 25,790.95 515.6 1.69M 1.311 1.204
23-Sep-24 25,939.05 520.05 848.20K 1.318 1.214
24-Sep-24 25,940.40 528.65 1.63M 1.318 1.234
25-Sep-24 26,004.15 544.55 7.03M 1.322 1.271
26-Sep-24 26,216.05 564.25 3.35M 1.332 1.317
27-Sep-24 26,178.95 547.55 3.44M 1.331 1.278
30-Sep-24 25,810.85 547.85 1.38M 1.312 1.279
1-Oct-24 25,796.90 550.75 1.29M 1.311 1.286
3-Oct-24 25,250.10 525.8 2.54M 1.283 1.228
4-Oct-24 25,014.60 511.55 2.66M 1.271 1.194
7-Oct-24 24,795.75 502.25 1.81M 1.260 1.173
8-Oct-24 25,013.15 508.95 1.90M 1.271 1.188
9-Oct-24 24,981.95 507.15 1.90M 1.270 1.184
10-Oct-24 24,998.45 506.3 971.25K 1.271 1.182
11-Oct-24 24,964.25 505.05 914.55K 1.269 1.179
14-Oct-24 25,127.95 503.55 565.14K 1.277 1.176
15-Oct-24 25,057.35 515 2.52M 1.274 1.202
16-Oct-24 24,971.30 518.8 1.47M 1.269 1.211
17-Oct-24 24,749.85 504.25 1.45M 1.258 1.177
18-Oct-24 24,854.05 505.75 1.89M 1.263 1.181
21-Oct-24 24,781.10 510.3 1.26M 1.259 1.191
22-Oct-24 24,472.10 497.1 1.45M 1.244 1.161
23-Oct-24 24,435.50 493.8 1.46M 1.242 1.153
24-Oct-24 24,399.40 487.5 1.34M 1.240 1.138
25-Oct-24 24,180.80 480.05 1.16M 1.229 1.121
28-Oct-24 24,339.15 486.4 611.55K 1.237 1.136
29-Oct-24 24,466.85 499.05 1.36M 1.244 1.165
30-Oct-24 24,340.85 497.6 1.21M 1.237 1.162
31-Oct-24 24,205.35 504.95 1.06M 1.230 1.179
1-Nov-24 24,304.35 503.2 198.52K 1.235 1.175
4-Nov-24 23,995.35 485.2 1.71M 1.220 1.133
5-Nov-24 24,213.30 482.45 1.01M 1.231 1.126
6-Nov-24 24,484.05 490.4 902.85K 1.244 1.145
7-Nov-24 24,199.35 497.5 1.14M 1.230 1.162
8-Nov-24 24,148.20 491.05 701.72K 1.227 1.147
11-Nov-24 24,141.30 483.25 1.15M 1.227 1.128
12-Nov-24 23,883.45 471.35 1.27M 1.214 1.101
13-Nov-24 23,559.05 456.6 1.57M 1.197 1.066
14-Nov-24 23,532.70 475.3 4.07M 1.196 1.110
 NIFTY Apollo

Nov-2
3 J an -24 Mar-2
4
May-2
4 J u l-24 S ep -2
4
 Financial Summary
IN INR Crs FY24A FY25E FY26E
Net Revenue 25377.7 27051.0 28811.7
YoY Growth % 3.3% 6.6% 6.1%
EBITDA 4468.4 4365.0 4835.0
Margins % 17.6% 16.3% 17.0%
PAT 1721.9 1846.5 2208.0
YoY Growth % 64.6% 5.1% 19.8%
ROE 13.0% 12.0% 12.9%
EPS (in INR) 27.1 29.0 34.1
EV/EBITDA 7.5 x 8.2 x 7.1 x
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ABOUT THE COMPANY
HISTORY
MANUFACTURING PLANTS
R&D
REVENUE
KEY PRODUCTS
ABOUT US FROM THE COMPANY WEBSITE
TRENDLYNE - ABOUT THE COMPANY
RECENT ANNOUNCEMENTS

Apollo Tyres Ltd, hereinafter referred to as "Apollo Tyres" or "The Company", founded in 1972, is an international tyre manufa
25.56% of shareholding respectively. The company's core product portfolio includes a range of passsenger and industrial tyres
revenue from Asia Pacific, Middle East and Africa (APMEA) region while the remaining comes from Europe where it operates u
globally. During 2023, the Company introduced a Moto-Cross Tyre brand, `Tramplr' in the two-wheeler segment; launched Qu
Apollo Apterra AT2 in SUV segment, and Apollo Endutrax MA in the CV segment
KEY HIGHLIGHTS
LOOK IN RECENT CONCALLS AND Ars
TOPLINE GROWTH - YOY AND QOQ BASIS (MENTION YEARS)
GROSS MARGINS INCREASE OR DECREASE - YOY AND QOQ
VOLUME GROWTH
CAPEX
CAPACITY UTILISATION
ALSO CAN USE HIGHLIGHTS FROM RESEARCH REPORTS
VALUATION VIEW
MENTION KEY POINTS FROM VALUATION COMMENTARIES AND RESEARCH REPORTS