NSE: APOLLOTYRE | BSE: 500877

Mid-range Performer

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506.05 25.60 (5.33%)

36.44% Gain from 52W Low

2.3M NSE+BSE Volume

NSE 16 May, 2025 10:28 AM (IST)

32,139.3

Market Cap

High in industry

1.1

Beta 1Year

High Volatility

Estimates Miss

Apollo Tyres' Q4FY25 net profit and revenue miss Forecaster estimates by 36% and 1.5%, respectively 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.

20 May 2020

506.05

5.33%

Apollo Tyres

Buy: Apollo Tyres Ltd.

Recommendation Target

Sharekhan

Q4FY20 operating results of Apollo Tyres limited (ATL) were ahead of our as well as street estimates. The company posted better than expected margin performance. Despite a steep fall in the topline, margins improved driven by soft commodity prices and cost control measures. Going ahead, ATL expects replacement demand to pick up faster in both India and Europe once the lockdown norms are relaxed by the Governments. Resumption of business activity and increased usage of personal vehicles post CONVID-19 would drive replacement demand. ATL continues to outpace industry growth in...

Apollo Tyres Ltd. has gained 22.47% in the last 3 Months

Apollo Tyres Ltd.

20 May 2020

506.05

5.33%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Target

ICICI Securities Limited

While European operations (~30% of consolidated sales) already have a structurally lower margin profile, plant utilisation levels there and in India are expected to come under additional stress (especially in H1FY21E) on the back of slow resumption of manufacturing activities. However, the impact of lower capacity utilisation would be counteracted by improvement of channel mix in favour of aftermarket and cost rationalisation initiatives (ATL is targeting 20% reduction in fixed costs during FY21E). Benign prices of key inputs i.e. rubber and crude oil derivatives are an added tailwind. We build...

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

Apollo Tyres Ltd.

27 Apr 2020

506.05

5.33%

APOLLO TYRES

Hold: Apollo Tyres Ltd.

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. has gained 15.25% in the last 1 Month

Apollo Tyres Ltd.

27 Feb 2020

506.05

5.33%

Apollo Tyres

Hold: Apollo Tyres Ltd.

ICICI Securities Limited

Our interaction with ATL suggests the action is primarily aimed at strengthening the balance sheet (FY20E total gross debt at | 6,380 crore; debt to equity at 0.6x). Also, the company is not planning any inorganic acquisition or fresh greenfield capex out of the same. As per the company's internal benchmarking, net debt to EBITDA at ~3x levels was approaching the higher end of the comfort range, which necessitated this step. We believe leverage on books, while significant, was not at alarming levels. However, the step is directionally positive for the company and would...

Apollo Tyres Ltd. is trading above all available SMAs

Apollo Tyres Ltd.

11 Feb 2020

506.05

5.33%

APOLLO TYRES

Hold: Apollo Tyres Ltd.

Recommendation Target

Geojit BNP Paribas

Apollo Tyres Ltd. has gained 15.25% in the last 1 Month

Apollo Tyres Ltd.

06 Feb 2020

506.05

5.33%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Target

ICICI Securities Limited

Aftermarket to support demand; margin recovery to be moderate! Amid continued tepid demand prospects on OEM front both domestically, globally, tyre players (including ATL) would increasingly rely on steady state support from replacement side. In this context, ATL's healthy India replacement market share and strong brand recall stand it in good stead. In Europe, product mix is seen improving in favour of premium segment along with overall volume market share gains, albeit in a low growth industry. Europe (~30% of consolidated sales) stays a margin drag given structurally...

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

Apollo Tyres Ltd.

05 Feb 2020

506.05

5.33%

Apollo Tyres - 3QFY20 Result Update

Apollo Tyres Ltd.

Reliance Securities

Apollo Tyres Ltd. has gained 15.25% in the last 1 Month

Apollo Tyres Ltd.

06 Nov 2019

506.05

5.33%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Recommendation Target

Sharekhan

Apollo Tyres Limited's (ATL) Q2FY2020 results missed our estimates as lower-than-anticipated topline growth coupled with increased depreciation and interest expenses led to net profit falling sharply by 55%. We expect topline growth to remain muted in near term, given demand headwinds in domestic CV OEMs. Domestic CV players have undertaken production cuts in October and November 2019, indicating weak demand. Moreover, European operations growth has moderated sharply given the fall in industry demand. Muted topline in intensive...

Apollo Tyres Ltd. has gained 15.25% in the last 1 Month

Apollo Tyres Ltd.

06 Nov 2019

506.05

5.33%

Apollo Tyres

Hold: Apollo Tyres Ltd.

Target

ICICI Securities Limited

Stable replacement demand to mitigate muted OEM volumes ATL is a differentiated player in the tyre pack, with diversified presence across geographies and segments (as of FY19:- India 70%, Europe 29%; CV 50%, PV 37%, off highway 10%). While fresh vehicle sales remain muted in India and globally, consumable suppliers like ATL enjoy steady state support from replacement demand. Replacement segment for ATL (~66% of India sales mix) grew 6% in H1FY20 vs. 40% fall in OEM volumes (22% of India sales mix). We expect this trend to continue over the medium term given...

Apollo Tyres Ltd. is trading above all available SMAs

Apollo Tyres Ltd.

05 Nov 2019

506.05

5.33%

Apollo Tyres - 2QFY20 Result Update

Buy: Apollo Tyres Ltd.

Target

Reliance Securities

Likely to Witness Steady Improvement; Maintain BUY Apollo tyres (ATL) has delivered a weak performance in 2QFY20 with its consolidated revenue, EBITDA and adjusted PAT declining both on YoY and QoQ basis due to 45% YoY decline in OEM business. Its replacement segment reported a decent 6% YoY growth, while exports witnessed strong growth. Its revenue and EBIDTA declined by 6% YoY/8% QoQ and 8% YoY/9% QoQ to Rs39.8bn and Rs4.3bn vs. our estimate Rs42bn and Rs4.3bn. Its EBITDA margin fell by 14bps YoY/13bps QoQ to 10.8% vs. our estimate of 10.1%, aided by better product-mix and higher contribution of replacement segment. Overall volume declined by 13% YoY, while improved...

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

Is Apollo Tyres Ltd. worth buying?

666 Votes:

Buy 79.13%

Sell 9.76%

Hold 11.11%

RESEARCH REPORTS

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Buy SEE REPORTS >

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