Is Apollo Tyres a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apollo Tyres Ltd is a average quality company .

Is Apollo Tyres undervalued or overvalued?

The key valuation ratios of Apollo Tyres Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Apollo Tyres share price return in the past 10 years?

Apollo Tyres Ltd share price has appreciated 8.7% annually (CAGR) over the past ten years.

Is Apollo Tyres a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Apollo Tyres Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Apollo Tyres Ltd - Stock Valuation and Financial Performance

Name: Apollo Tyres
Brand: Apollo Tyres

BSE: 500877 | NSE: APOLLOTYRE | Tyres & Allied | Small Cap

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Apollo Tyres Share Price

₹501.05 3.65 0.73%
as on 31-Oct'24 16:01

10 Year X-Ray of Apollo Tyres:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	25.7%	30.8%	18.7%	11.9%	9.4%	7.2%	11.1%	5.3%	9.3%	16.4%	-
Value Creation Index ⓘ	0.9	1.3	0.4	-0.1	-0.3	-0.5	-0.2	-0.6	-0.2	0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	8,967	8,757	8,934	10,302	12,354	11,068	11,733	14,649	17,301	17,539	17,718
Sales YoY Gr.	-	-2.3%	2%	15.3%	19.9%	-10.4%	6%	24.9%	18.1%	1.4%	-
Adj EPS ⓘ	12.6	19.4	14.9	10.1	12.1	8.8	11.2	3.3	7.7	18.2	16.4
YoY Gr.	-	53.9%	-23%	-32.2%	19.4%	-27.5%	28.5%	-70.6%	133.8%	135.1%	-
BVPS (₹) ⓘ	64.2	91.4	104.7	126.9	133.5	134.4	149.1	149.8	151.1	164.3	167.4
Adj Net Profit ⓘ	641	986	759	578	690	501	714	210	491	1,156	1,043
Cash Flow from Ops. ⓘ	962	1,785	330	933	593	1,895	1,494	1,615	1,534	2,085	-
Debt/CF from Ops. ⓘ	1.2	0.4	5.5	2.7	4.6	2.3	2.9	2.7	2.7	1.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.7%	7.3%	14.3%	1.4%
Adj EPS ⓘ	4.2%	8.6%	17.4%	135.1%
BVPSⓘ	11%	4.2%	3.3%	8.8%
Share Price	8.7%	21.5%	31.4%	31.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	21.3	24.9	15.2	9.2	9.3	6.5	8.3	2.2	5.1	11.5	9.9
Op. Profit Mgn % ⓘ	14.7	18	14.9	12.2	12	12.7	17.4	9.8	12.2	17.7	16.6
Net Profit Mgn % ⓘ	7.2	11.3	8.5	5.6	5.6	4.5	6.1	1.4	2.8	6.6	5.9
Debt to Equity ⓘ	0.3	0.2	0.3	0.4	0.4	0.6	0.5	0.5	0.4	0.3	-
Working Cap Days ⓘ	106	118	143	169	168	189	181	167	126	104	56
Cash Conv. Cycle ⓘ	25	17	19	25	28	27	14	23	21	26	3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.90%

Sales growth is growing at healthy rate in last 3 years 14.34%

Net Profit is growing at healthy rate in last 3 years 17.43%

Sales growth is not so good in last 4 quarters at 2.55%

Latest Financials - Apollo Tyres Ltd.

	Standalone	Consolidated
TTM EPS (₹)	16.4	25.6
TTM Sales (₹ Cr.)	17,718	25,468
BVPS (₹.) ⓘ	167.4	223.6
Reserves (₹ Cr.) ⓘ	10,565	14,138
P/BV ⓘ	3.02	2.26
PE ⓘ	30.74	19.72

From the Market
52 Week Low / High (₹)	380.00 / 584.65
All Time Low / High (₹)	3.60 / 584.65
Market Cap (₹ Cr.)	32,076
Equity (₹ Cr.)	63.5
Face Value (₹)	1
Industry PE ⓘ	27.6

Management X-Ray of Apollo Tyres:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

3.05

1.07

1.16

* Pledged shares as % of Promoter's holding (%)

Valuation of Apollo Tyres

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Apollo Tyres

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	8,967	8,757	8,934	10,302	12,354	11,068	11,733	14,649	17,301	17,539
Operating Expenses ⓘ	7,648	7,188	7,603	9,050	10,871	9,665	9,696	13,215	15,188	14,440
Manufacturing Costs	656	731	662	751	752	693	733	934	1,029	1,070
Material Costs	5,699	4,992	5,216	6,545	8,058	6,838	6,940	9,992	11,702	10,491
Employee Cost	545	566	621	710	737	826	911	1,024	1,026	1,109
Other Costs ⓘ	748	899	1,104	1,044	1,324	1,309	1,112	1,265	1,432	1,770
Operating Profit ⓘ	1,319	1,570	1,331	1,252	1,483	1,403	2,038	1,435	2,113	3,100
Operating Profit Margin (%)	14.7%	17.9%	14.9%	12.2%	12.0%	12.7%	17.4%	9.8%	12.2%	17.7%
Other Income ⓘ	38	204	135	120	111	29	122	127	75	136
Interest ⓘ	176	94	92	140	142	229	383	386	469	407
Depreciation ⓘ	247	265	288	364	446	621	713	824	907	917
Exceptional Items ⓘ	0	0	0	0	-200	0	-11	-1	0	-76
Profit Before Tax ⓘ	934	1,415	1,086	867	806	581	1,052	350	812	1,837
Tax ⓘ	289	412	283	245	214	73	329	89	292	683
Profit After Tax	645	1,002	803	622	592	509	723	261	520	1,154
PAT Margin (%)	7.2%	11.4%	9.0%	6.0%	4.8%	4.6%	6.2%	1.8%	3.0%	6.6%
Adjusted EPS (₹)	12.7	19.7	15.8	10.9	10.4	8.9	11.4	4.1	8.2	18.2
Dividend Payout Ratio (%)	16%	10%	19%	28%	31%	34%	31%	79%	55%	33%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	3,271	4,658	5,331	7,261	7,641	7,692	9,473	9,518	9,600	10,439
Share Capital ⓘ	51	51	51	57	57	57	64	64	64	64
Reserves ⓘ	3,220	4,607	5,280	7,203	7,584	7,635	9,409	9,455	9,537	10,376
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	797	631	1,618	2,512	2,736	4,326	3,761	3,731	3,176	2,449
Long Term Debt	334	257	834	1,864	2,444	3,208	3,660	3,531	3,175	2,449
Short Term Debt	463	374	784	647	293	1,118	100	200	1	0
Trade Payables	663	857	1,041	1,513	1,369	1,611	1,929	2,784	2,471	2,138
Others Liabilities ⓘ	2,468	2,678	3,445	3,615	3,854	4,931	6,254	6,876	4,861	5,018
Total Liabilities ⓘ	7,198	8,823	11,435	14,900	15,600	18,560	21,417	22,910	20,108	20,044
Fixed Assets
Gross Block	4,924	5,489	7,223	8,472	9,579	13,041	14,660	17,025	17,832	18,082
Accumulated Depreciation	1,817	2,189	2,428	2,758	3,179	3,756	4,425	5,196	6,018	6,785
Net Fixed Assetsⓘ	3,107	3,300	4,795	5,714	6,400	9,285	10,234	11,829	11,814	11,296
CWIP ⓘ	130	416	621	672	655	1,272	1,030	548	134	190
Investmentsⓘ	752	1,506	1,399	2,978	2,233	2,410	2,500	2,865	2,823	2,919
Inventories	1,185	1,020	1,729	1,721	2,051	1,808	2,077	2,464	2,277	2,323
Trade Receivables	320	293	386	550	779	445	732	1,542	1,588	1,859
Cash Equivalents	208	291	139	261	218	237	1,400	525	511	505
Others Assetsⓘ	1,496	1,997	2,364	3,004	3,264	3,103	3,444	3,136	961	951
Total Assets ⓘ	7,198	8,823	11,435	14,900	15,600	18,560	21,417	22,910	20,108	20,044

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	962	1,785	330	933	593	1,895	1,494	1,615	1,534	2,085
PBT ⓘ	934	1,415	1,086	867	806	581	1,052	350	812	1,837
Adjustment ⓘ	426	160	303	354	559	694	834	989	1,164	1,154
Changes in Working Capital ⓘ	-198	483	-802	-90	-580	747	-217	364	-271	-596
Tax Paid ⓘ	-200	-273	-257	-198	-193	-127	-176	-88	-171	-310
Cash Flow From Investing Activity ⓘ	-367	-1,078	-1,395	-2,754	-457	-2,675	-2,161	-887	-234	-435
Capex	-276	-688	-1,551	-1,212	-1,633	-2,515	-972	-1,537	-511	-394
Net Investments	-99	-550	107	-1,565	343	-177	-1,255	607	254	-69
Others ⓘ	8	160	48	23	833	17	66	43	23	29
Cash Flow From Financing Activityⓘ	-607	-641	906	1,934	-178	807	667	-638	-1,115	-1,656
Net Proceeds from Shares ⓘ	32	0	0	1,476	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-699	-319	672	894	518	715	1,016	-60	-156	-845
Interest Paid ⓘ	-181	-98	-56	-109	-136	-179	-284	-342	-458	-424
Dividend Paid ⓘ	-45	-102	-102	-153	-172	-431	0	-222	-206	-286
Others ⓘ	285	-123	392	-175	-388	702	-65	-14	-295	-102
Net Cash Flow ⓘ	-12	66	-159	113	-42	27	0	90	184	-5

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	21.53	25.3	16.08	9.89	7.95	6.64	8.43	2.75	5.44	11.52
ROCE (%)	25.74	30.76	18.74	11.89	9.39	7.22	11.08	5.31	9.29	16.44
Asset Turnover Ratio	1.41	1.22	0.98	0.8	0.81	0.65	0.59	0.66	0.8	0.87
PAT to CFO Conversion(x)	1.49	1.78	0.41	1.5	1	3.72	2.07	6.19	2.95	1.81
Working Capital Days
Receivable Days	10	11	12	16	20	20	18	28	33	36
Inventory Days	45	41	51	60	56	64	60	57	50	48
Payable Days	41	50	64	70	64	80	93	86	82	80

Apollo Tyres Ltd Stock News

Apollo Tyres Ltd FAQs

What is the share price of Apollo Tyres?

Company share prices are keep on changing according to the market conditions. The closing price of Apollo Tyres on 31-Oct-2024 16:01 is ₹501.1.

What is the market cap of Apollo Tyres?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Oct-2024 16:01 the market cap of Apollo Tyres stood at ₹32,075.8.

What is the P/E ratio of Apollo Tyres?

The latest P/E ratio of Apollo Tyres as of 31-Oct-2024 16:01 is 30.74.

What is the P/B ratio of Apollo Tyres?

The latest P/B ratio of Apollo Tyres as of 31-Oct-2024 16:01 is 3.02.

What is the 52-week high and low of Apollo Tyres?

The 52-week high of Apollo Tyres is ₹584.6 and the 52-week low is ₹380.0.

What is the TTM revenue of Apollo Tyres?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apollo Tyres is ₹17,718 ( Cr.) .

About Apollo Tyres Ltd

Apollo Tyres came into inception in 1972 and has since been a trusted name in the business of manufacture and sale of tyres. With its corporate headquarters in Gurgaon, India, the company caters to over a many countries across the globe. The company markets its products under its two global brands: Apollo and Vredestein. These products are available in countries across the globe through a vast network of branded, exclusive and multi-product outlets. Each brand from the company is equipped with its own distinctive visual language and targeted to a specific customer need. This approach has enabled the company to provide a wide range of products for various applications, across geographies-ending with a delighted customer.

Business area of the company

The company is in the business of manufacture and sale of Tyres. While the company focuses on its 2 key brands--Apollo and Vredestein, it also owns two smaller and region specific brand-- Kaizen and Regal. Brands Apollo and Vredestein comprise of tyres for passenger, commercial and off highway vehicles. Brands Regal and Kaizen focus on the truck-bus tyre segment.

Products of the company

Passenger Car Tyres
Alloy Wheels
Sports Utility Tyres
Van Tyres
Passenger Winter Tyres
Heavy Commercial Tyres
Light Commercial Tyres
Small Commercial Tyres
Agriculture Radial Tyres
Agriculture Cross ply Tyres
Off-The-Road Tyres
Speciality Vehicles Tyres

Awards

2007: FICCI–SEDF Social Responsibility Award 2007 for work in the area of HIV-AIDS Awareness and Prevention.
2009: Recognition from International Labor Organisation for implementing the workplace HIV-AIDS Awareness and Prevention Programme for its employees in 2006.
2011: Business Action on Health Award 2011 was given by GBC Health, under ‘Community Investment’ category, for the leadership in HIV/AIDS prevention and treatment services in India.
2012: Asia Responsible Entrepreneurship Award 2012 was given by Enterprise Asia, under ‘Health Promotion Award, category for HIV-AIDS Awareness and Prevention Programme.
2013: Global Sustainability Leadership Award 2013 was given by World CSR Congress under ‘Best Community Action’ category for HIV-AIDS Awareness and Prevention Programme.
2013: Asian CSR Leadership Award 2013 by World CSR Congress was given, under the ‘Health Care’ category for HIV-AIDS Awareness and Prevention Programme.
2015: ASIAN CSR Awards 2015 was given by Asian Forum on Corporate Social Responsibility, under the ‘Health Enhancement’ category.
2016: Global Green Future Leadership Award 2016 was given by World CSR Congress, under the ‘Best Waste Management’ category for Clean My Transport Nagar (CMTN) initiative.
2016: Bureaucracy Today (BT) - CSR Excellence Award 2016 was given by Bureaucracy Today media group, under the 'Best Waste Management’ category for Clean My Transport Nagar project.
2016: ‘NIPM Kerala Best Corporate Citizen Award 2016' was given by the Kerala Chapter of National Institute of Personnel Management (NIPM), for the exemplary CSR work done by Kerala CSR team.
2016: The company bagged multiple awards in the CSR Excellence Award - One for Best CSR Initiatives and three for Best Livelihood Initiatives.
2016: 'Sparsha Award 2016' was given by the National Institute of Industrial Engineering and LakshyaSM) for the valuable contribution done by the Vadodara (Gujarat) CSR team under ‘Livelihood Generation Initiatives’.
2017: Recognition plaque was given by FICCI Aditya Birla CSR for the exemplary work done by Apollo Tyres Foundation under women empowerment category.
2017: The Company received Asian Customer Engagement Forum (ACEF) CSR Award under Best Stakeholder Management category by Asian Customer Engagement Forum.
2017: The Company bagged Indywood CSR Excellence Award under Best CSR Campaign - Biodiversity and Climate Change category, organised by Indywood Film Carnival.
2018: Antyodaya Vadodara CSR Award 2018 was given by Institute of Leadership and Governance- Maharaja Sayaji Rao University of Baroda for successful implementation of livelihood generation programme for underprivileged women in Vadodara, Gujarat.
2018: The organisation received CSR Times Award 2018 under the Healthcare category for exceptional healthcare programme for its truck driver community.
2018: The organisation received CSR Excellence Award under Livelihood Creation category by Gujarat CSR Summit and Awards for its livelihood programme in Gujarat.
2018: NIPM CSR Award 2018 was given by the Kerala Chapter of National Institute of Personnel Management (NIPM), for the exemplary CSR work done by Kerala CSR team.
2018: CSR Health Impact Award 2018 was given under Health CSR Project category.
2019: Apollo Tyres has been honored with Gujarat CSR Authority Award (GCSRA) 2019. The Company has received the award under 'Sustainable and Impactful CSR Project' category under women empowerment initiative through Programme Navya in Gujarat, India.
2019: Apollo Tyres has been honored with the ASSOCHAM Women Achievers Award (AWAA) 2019 under the 'Best Organisation Supporting Women 360 degree' category.
2019: Apollo Tyres has been honoured with ICSI (The Institute of Company Secretaries of India) CSR Excellence Award 2019 under the 'Best Corporate in Large' category.

Major Events and Milestones

1977: First plant in Perambra, Kerala.
1991: Second plant in Limda, Gujarat.
1995: Acquired plant in Kalamassery, Kerala.
2009: Acquired Vredestein Banden BV, Netherlands.
2005: Acquired Dunlop Tyres, South Africa.
2010: Truck Radial Plant in Oragadam, Tamil Nadu.
2011: Sales & Marketing Office, Dubai.
2011: Ties-up with Kwik-Fit car service centres.
2011: Launches India's only full-service outlet for commercial vehicles.
2011: Apollo Tyres enters Sri Lanka market.
2012: Launch 57 inch off-highway tyre at IMME 2012.
2013: Sales & Marketing Office, Thailand
2013: Global R&D Centre Europe, Netherlands.
2013: Apollo Tyres extends its product range in Europe.
2013: Introduces 4G range of passenger car tyres for the Indian market.
2013: Global Marketing Office in London, UK.
2013: Partnered with Manchester United.
2014: Global R&D Centre Asia, India.
2014: Introduced Apterra H/P, an on-road High Performance summer tyre for SUVs.
2015: Acquired Reifencom- German Tyre Distribution Company.
2015: Laid foundation stone for the Hungary Greenfield Plant.
2015: First Apollo Zone inaugurated in Lebanon.
2015: Global Procurement Office, Singapore.
2016: Forays into the two-wheeler tyre segment.
2016: Signs MoU with Govt of Andhra Pradesh.
2017: Introduced Apollo Apterra HT2 for the growing 4x4 and SUV segment, whereas the actiZip F2 & actiZip R3 tubeless tyres has been launched for the motorcycles.
2017: Launch of the Hungary plant.
2017: TBR Launch in Europe.
2018: Laid foundation stone for the Apollo Tyres seventh manufacturing facility globally in Andhra Pradesh.
2018: Apollo Tyres' Hungarian facility begins commercial production of truck tyres.
2019: Opens its first tyre service centre in Malaysia.
2019: Introduces EnduMaxx brand of light truck tyres for the Indian market.
2019: Collaborates with Ashok Leyland.
2019: Entry into Saudi Arabia through a tie-up with Al-Jomaih Tyres Company.
2020: Inaugurated the Andhra Pradesh Plant.
2020: Apollo Vredestein launches full product offensive in NA.