391.1500 -0.60 (-0.15%)
NSE Jun 03, 2026 15:31 PM
Volume: 541.7K
 

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Apollo Tyres Ltd.
06 Feb 2026
391.15
-0.15%
ICICI Direct
Debt on B/S substantially reduced, calibrated Growth Capex on anvil: Tyre industry is known to have bloated balance sheets owning to high capex intensity. Apollo tyre has done considerable work in this domain with net debt down from ~ 6,000 crore in FY20 to ~ 1,300 crore as of Q3FY26 end, a reduction of substantial ~ 4,700 crore. In this timeframe its EBITDA has improved from ~ 1,900 crore in FY20 to ~ 3,600 crore in FY25 with consequent Net Debt: EBITDA now placed at 0.4x as of Q3FY26. This financial flexibility allows the company to undertake a capacity...
Apollo Tyres Ltd. is trading below all available SMAs
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