|
12 Sep 2025 |
Apollo Tyres
|
Consensus Share Price Target
|
475.10 |
511.50 |
- |
7.66 |
buy
|
|
|
|
|
16 Nov 2022
|
Apollo Tyres
|
ICICI Direct
|
475.10
|
350.00
|
277.35
(71.30%)
|
Target met |
Buy
|
|
|
|
|
14 Sep 2022
|
Apollo Tyres
|
ICICI Securities Limited
|
475.10
|
329.00
|
279.50
(69.98%)
|
Target met |
Buy
|
|
|
After having doubled its gross debt on books during FY17-FY22, we believe Apollo Tyres (APTY) is now taking the right path, in terms of actively focusing on FCF generation.
|
|
09 Sep 2022
|
Apollo Tyres
|
ICICI Direct
|
475.10
|
335.00
|
299.65
(58.55%)
|
Target met |
Buy
|
|
|
|
|
17 Aug 2022
|
Apollo Tyres
|
ICICI Direct
|
475.10
|
290.00
|
260.00
(82.73%)
|
Target met |
Buy
|
|
|
|
|
15 Aug 2022
|
Apollo Tyres
|
ICICI Securities Limited
|
475.10
|
305.00
|
236.10
(101.23%)
|
Target met |
Buy
|
|
|
Apollo Tyres’ (ATPY) Q1FY23 operating margin was in line with our estimates as EBITDA margin came in at 11.6%, amidst an adverse raw material cost environment.
|
|
20 Jun 2022
|
Apollo Tyres
|
Sharekhan
|
475.10
|
222.00
|
181.30
(162.05%)
|
Target met |
Buy
|
|
|
|
|
20 Jun 2022
|
Apollo Tyres
|
Emkay
|
475.10
|
245.00
|
181.30
(162.05%)
|
Target met |
Buy
|
|
|
|
|
20 Jun 2022
|
Apollo Tyres
|
ICICI Securities Limited
|
475.10
|
305.00
|
175.55
(170.64%)
|
Target met |
Buy
|
|
|
We recently attended Apollo Tyres’ (APTY) annual investor day and following are the key takeaways from the event: 1) Revenue target of US$5bn (FY22: US$2.8bn) with >15% EBITDA margin for FY26.
|
|
20 Jun 2022
|
Apollo Tyres
|
ICICI Direct
|
475.10
|
230.00
|
176.45
(169.25%)
|
Target met |
Buy
|
|
|
|
|
18 Jun 2022
|
Apollo Tyres
|
Motilal Oswal
|
475.10
|
265.00
|
176.45
(169.25%)
|
Target met |
Buy
|
|
|
|