NSE: APOLLOTYRE | BSE: 500877

Mid-range Performer

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494.30 0.05 (0.01%)

33.27% Gain from 52W Low

712.8K NSE+BSE Volume

NSE 19 May, 2025 12:19 PM (IST)

31,393

Market Cap

High in industry

1.1

Beta 1Year

Average volatility

Apollo Tyres Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for APOLLOTYRE, BSE:500877 Apollo Tyres Ltd.

Apollo Tyres Ltd.

15 Nov 2016

494.30

0.01%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Apollo Tyres' (ATL) consolidated revenues came in at | 3,085 crore (up 2.4% YoY) vs. our estimate of | 3,348 crore. Revenues from standalone business, largely Asia Pacific Middle East and Africa (APMEA) declined 7.9% YoY (volumes & price down 2% YoY & 6% YoY) to | 2,366 crore while revenue from Europe & America (EA) subsidiary increased 30% YoY to | 994 crore Consolidated EBITDA margins came in at 14.2% (down 193 bps YoY...

Apollo Tyres Ltd. is trading above all available SMAs

Apollo Tyres Ltd.

11 Nov 2016

494.30

0.01%

Master Pick- Apollo Tyres Ltd.

Buy: Apollo Tyres Ltd.

Religare

Demand from the CV industry accounts for 60% of tyre industry demand and is based on the growth of the economy. With growth slowing and anticipating the shift towards radialisation manufacturers adding capacity of 6 mn TBR (truck and bus radial), utilisation rates could be lower in the next 2-3 years. Also, over the past two years the manufacturers have been in a capex phase, companies tried to add radial capacity due to the sudden shift in demand towards radial tyres and hence the industry managed good pricing discipline. It will be interesting to see if this discipline continues with lower utilisations.

Apollo Tyres Ltd. has an average target of 550.17 from 6 brokers.

Apollo Tyres Ltd.

11 Aug 2016

494.30

0.01%

Apollo Tyres Q1FY17 11Aug2016

Neutral: Apollo Tyres Ltd.

Target

Phillip Capital

competition and cutthroat competition from Chinese imports. Our checks showed that a couple of Chinese players are now offering warranty on tyres this addresses the quality concern.Despiterecentpricecuts,tyrepricesofincumbentsintheTBRsegmentarestill20 25%morethantheirChinesepeers.Wecontinuetobelievethatonlygovernmentactionin terms of antidumping duties can allay extreme competitive pressures, which in our mind...

Apollo Tyres Ltd. is trading above all available SMAs

Apollo Tyres Ltd.

11 Aug 2016

494.30

0.01%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Target

ICICI Securities Limited

Apollo Tyres’ (ATL) consolidated revenues grew 16.1% YoY to | 3,304 crore (vs. our estimate of | 2,923 crore). Growth was primarily volume driven, up 13% YoY & 8% YoY for Indian & European operations, respectively.Revenues from Asia Pacific Middle East & Africa (APMEA) increased 4.7% YoY to | 2,554 crore while revenue from Europe & America (EA) increased 23.5% YoY to | 1058 crore. Its acquisition of Reifencom clocked revenue of ~| 310 crore in Q1FY17. Consolidated EBITDA margins were at 16.3% (up 34 bps QoQ) vs. our estimate of 15.2% mainly on the back of gross margin expansion of 56 bps QoQ (despite higher NR prices) & lower employee expense .Higher-than-expected revenue & margins improved profitability, with PAT at | 315 crore (up 8.3% YoY) vs. our estimate of | 220 crore. ICICI Securities Limited retain their HOLD rating, valuing the stock at 8x FY18E EPS to arrive at a target of | 180.

Number of FII/FPI investors decreased from 295 to 271 in Mar 2025 qtr

Apollo Tyres Ltd.

13 May 2016

494.30

0.01%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Apollo Tyres' (ATL) standalone business was marginally above our expectations. However, lower-than-expected performance from...

Number of FII/FPI investors decreased from 295 to 271 in Mar 2025 qtr

Apollo Tyres Ltd.

10 Feb 2016

494.30

0.01%

Apollo Tyres 10Feb2016

Neutral: Apollo Tyres Ltd.

Phillip Capital

that the industry has taken 1015% price cuts in the TBR (truck bias and radial) segment, mainly initiated by MRF. Bridgestone and Michelin launching lowcost tyres (without warranty)haveonlyaddedtoourworry.Despiterecentpricecuts,tyrepricesofincumbents...