NSE: APOLLOTYRE | BSE: 500877

Strong Performer, Under Radar

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466.60 -18.00 (-3.71%)

25.80% Gain from 52W Low

2.9M NSE+BSE Volume

NSE 09 May, 2025 3:31 PM (IST)

29,633.8

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Board Meeting

The next board meeting for Apollo Tyres Ltd. is on 14 May 2025 for the purpose of Audited Results & Final Dividend See details

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.

16 May 2022

466.60

-3.71%

Apollo Tyres (Initiating Coverage): Sharp focus on boosting returns. ADD

Accumulate: Apollo Tyres Ltd.

HDFC Securities

While margins are likely to remain under pressure in near term, Apollo is expected to recover faster than peers once input costs stabilize; we factor in Apollo to post 37% earnings CAGR over FY22-24E. Given that it is nearing the end of the Capex cycle and with management's focus on sweating existing assets, we expect Apollo's leverage to reduce over FY22-24E, which would help shore up returns. Initiate with an ADD rating and a TP of INR229 / sh. Over the last few years, Apollo has invested in R&D, brand building, and expanding its distribution network. This has in turn led to market share improvement in both India and Europe. In India, while its share in TBR improved to 31% from 27% in FY18, its PCR share improved to 21% from 17% in FY18. It has also increased share in TBR and OHT segments in Europe in FY22. It has recently restructured its European business, leading to a sharp increase in EBITDA margin from 8% in FY20 to 18% in FY22. We expect Apollo to emerge as a major beneficiary of the favourable industry dynamics in India and continue to outperform Europe, given its lean cost structure.

Apollo Tyres Ltd. is trading below its 150 day SMA of 467.7

Apollo Tyres Ltd.

16 May 2022

466.60

-3.71%

Apollo Tyres (Initiating Coverage): Sharp focus on boosting returns. ADD

Accumulate: Apollo Tyres Ltd.

HDFC Securities

Apollo Tyres Ltd. has gained 16.23% in the last 1 Month

Apollo Tyres Ltd.

14 May 2022

466.60

-3.71%

Operating performance beat driven by India business

Buy: Apollo Tyres Ltd.

Target

Motilal Oswal

Apollo Tyres Ltd. is trading above its 100 day SMA of 448.8

Apollo Tyres Ltd.

14 May 2022

466.60

-3.71%

Apollo Tyres

Buy: Apollo Tyres Ltd.

ICICI Direct

Apollo Tyres Ltd. is trading above its 100 day SMA of 448.8

Apollo Tyres Ltd.

08 Feb 2022

466.60

-3.71%

APOLLO TYRES

Accumulate: Apollo Tyres Ltd.

Recommendation Target

Geojit BNP Paribas

Apollo Tyres Limited manufactures tires and tubes for cars, trucks, farm equipment, and light commercial vehicles. The company markets its products with two global brands: Apollo and Vredestein in APMEA (Asia...

Apollo Tyres Ltd. is trading below its 150 day SMA of 467.7

Apollo Tyres Ltd.

04 Feb 2022

466.60

-3.71%

Apollo Tyres

Buy: Apollo Tyres Ltd.

Target

ICICI Securities Limited

Apollo Tyres Ltd. is trading above its 100 day SMA of 448.8

Apollo Tyres Ltd.

13 Nov 2021

466.60

-3.71%

APOLLO TYRES

Buy: Apollo Tyres Ltd.

Hem Securities

YTD FY22 Product Mix: Truck & Bus (43%), PV (34%), Farm & Off Highway (12%), Light Truck (6%), Others (6%). YTD FY22 Channel Mix: Replacement (81%), OEM (19%)....

Apollo Tyres Ltd. is trading below its 150 day SMA of 467.7

Apollo Tyres Ltd.

02 Nov 2021

466.60

-3.71%

Apollo Tyres

Buy: Apollo Tyres Ltd.

ICICI Securities Limited

Expected India CV cyclical rebound, higher radialisation levels, pent up demand in PV and network expansion to be major topline drivers. We expect India-led 16.9% FY21-23E net sales CAGR Higher cost competitiveness post Dutch plant specialisation, Europe mix...

Apollo Tyres Ltd. is trading above its 100 day SMA of 448.8

Apollo Tyres Ltd.

01 Nov 2021

466.60

-3.71%

Strong revenue growth dilutes cost inflation

Buy: Apollo Tyres Ltd.

Motilal Oswal

Consolidated performance: Revenue grew 18% YoY (11% QoQ) to INR50.8b (v/s est. INR48.7b). EBITDA declined 10% YoY (+13% QoQ) to INR6.4b (v/s est. INR6.6b). Adj PAT grew 37% YoY/QoQ to INR 1.77b (v/s est. INR1.8b). Standalone revenue growth was strong at 25% YoY (13% QoQ) to INR36.5b (v/s INR33.8b), driven by 13% volume growth. The gross margin declined 160bp QoQ (9.7pp YoY) to 32.6% (v/s est. 35%), impacted by higher-than-estimated cost inflation. The EBITDA margin declined 8.6pp YoY (-10bp QoQ) to 10.3% (v/s est. 11.7%). Adj PAT declined...