|
16 Sep 2025 |
Apollo Tyres
|
Consensus Share Price Target
|
479.20 |
511.50 |
- |
6.74 |
buy
|
|
|
|
|
16 Nov 2022
|
Apollo Tyres
|
ICICI Direct
|
479.20
|
350.00
|
277.35
(72.78%)
|
Target met |
Buy
|
|
|
|
|
14 Sep 2022
|
Apollo Tyres
|
ICICI Securities Limited
|
479.20
|
329.00
|
279.50
(71.45%)
|
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
|
479.20
|
335.00
|
299.65
(59.92%)
|
Target met |
Buy
|
|
|
|
|
17 Aug 2022
|
Apollo Tyres
|
ICICI Direct
|
479.20
|
290.00
|
260.00
(84.31%)
|
Target met |
Buy
|
|
|
|
|
15 Aug 2022
|
Apollo Tyres
|
ICICI Securities Limited
|
479.20
|
305.00
|
236.10
(102.96%)
|
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
|
479.20
|
222.00
|
181.30
(164.31%)
|
Target met |
Buy
|
|
|
|
|
20 Jun 2022
|
Apollo Tyres
|
Emkay
|
479.20
|
245.00
|
181.30
(164.31%)
|
Target met |
Buy
|
|
|
|
|
20 Jun 2022
|
Apollo Tyres
|
ICICI Securities Limited
|
479.20
|
305.00
|
175.55
(172.97%)
|
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
|
479.20
|
230.00
|
176.45
(171.58%)
|
Target met |
Buy
|
|
|
|
|
18 Jun 2022
|
Apollo Tyres
|
Motilal Oswal
|
479.20
|
265.00
|
176.45
(171.58%)
|
Target met |
Buy
|
|
|
|