Apollo Tyres Ltd

Apollo Tyres Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Apollo Tyres Ltd

₹ 535 -0.13%
03 Jul - close price
apollotyres.com BSE: 500877 NSE: APOLLOTYRE
About

Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original equipment manufacturers, and the replacement market. [1]

Key Points

Brands
Company is the owner of 2 brands of tyres, Apollo & Vredestein. Apollo brand primarily manufactures tyres for the Indian Sub-continent. The Vredestein brand operates in Europe and is over 110 years old & has achieved premium brand premium brand status in the industry. [1]

Website BSE NSE
  • Market Cap ₹ 33,965 Cr.
  • Current Price ₹ 535
  • High / Low ₹ 560 / 365
  • Stock P/E 28.7
  • Book Value ₹ 164
  • Dividend Yield 1.12 %
  • ROCE 16.2 %
  • ROE 11.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 55.7%

Cons

  • Stock is trading at 3.25 times its book value
  • The company has delivered a poor sales growth of 7.26% over past five years.
  • Company has a low return on equity of 6.71% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,630 3,220 3,650 3,792 3,988 4,436 4,252 4,247 4,366 4,413 4,407 4,332 4,387
3,069 2,886 3,274 3,447 3,612 4,007 3,815 3,698 3,670 3,627 3,565 3,548 3,703
Operating Profit 561 334 376 345 376 429 437 548 696 787 841 784 684
OPM % 15% 10% 10% 9% 9% 10% 10% 13% 16% 18% 19% 18% 16%
55 37 31 19 38 29 19 10 17 15 22 -2 25
Interest 86 89 90 95 108 106 121 123 118 110 106 100 88
Depreciation 191 192 195 203 234 216 223 227 242 226 228 228 235
Profit before tax 340 89 123 66 72 136 113 209 353 466 530 454 386
Tax % 34% 24% 27% 26% 25% 23% 42% 34% 32% 35% 35% 35% 45%
225 68 90 49 54 104 66 138 239 303 344 296 212
EPS in Rs 3.54 1.07 1.41 0.77 0.85 1.64 1.04 2.17 3.76 4.77 5.42 4.65 3.33
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8,512 8,712 8,967 8,757 8,934 10,302 12,354 11,068 11,733 14,649 17,301 17,539
7,603 7,605 7,646 7,185 7,600 9,050 10,871 9,665 9,696 13,215 15,188 14,440
Operating Profit 908 1,107 1,322 1,572 1,334 1,252 1,483 1,403 2,038 1,435 2,113 3,100
OPM % 11% 13% 15% 18% 15% 12% 12% 13% 17% 10% 12% 18%
53 6 35 202 132 120 -89 29 111 126 75 60
Interest 267 250 176 94 92 140 142 229 383 386 469 407
Depreciation 220 248 247 265 288 364 446 621 713 824 907 916
Profit before tax 475 614 934 1,415 1,086 867 806 581 1,052 350 812 1,837
Tax % 34% 28% 31% 29% 26% 28% 27% 13% 31% 25% 36% 37%
313 443 645 1,002 803 622 592 509 723 261 520 1,154
EPS in Rs 6.20 8.78 12.67 19.69 15.77 10.88 10.35 8.89 11.38 4.11 8.19 18.17
Dividend Payout % 8% 9% 16% 10% 19% 28% 31% 34% 31% 79% 55% 33%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 14%
TTM: 1%
Compounded Profit Growth
10 Years: 9%
5 Years: 10%
3 Years: 18%
TTM: 130%
Stock Price CAGR
10 Years: 10%
5 Years: 22%
3 Years: 33%
1 Year: 35%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 7%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 50 50 51 51 51 57 57 57 64 64 64 64
Reserves 2,280 2,679 3,220 4,607 5,280 7,203 7,584 7,635 9,409 9,455 9,537 10,376
2,102 1,519 1,102 783 1,806 2,545 2,750 4,394 4,882 4,938 4,569 3,663
1,433 1,864 1,748 2,079 2,739 3,337 3,257 4,396 4,809 6,112 5,939 5,942
Total Liabilities 5,866 6,112 6,121 7,520 9,876 13,143 13,649 16,482 19,163 20,569 20,108 20,044
3,071 3,254 3,107 3,300 4,795 5,714 6,400 9,285 10,234 11,829 11,814 11,296
CWIP 249 35 130 416 621 672 655 1,272 1,030 548 134 190
Investments 613 651 752 1,506 1,399 2,978 2,233 2,410 2,500 2,865 2,823 2,919
1,933 2,172 2,133 2,297 3,060 3,778 4,362 3,515 5,400 5,326 5,337 5,638
Total Assets 5,866 6,112 6,121 7,520 9,876 13,143 13,649 16,482 19,163 20,569 20,108 20,044

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
767 1,127 962 1,785 330 933 593 1,895 1,494 1,615 1,534 2,085
-403 -203 -367 -1,078 -1,395 -2,754 -457 -2,675 -2,161 -868 -234 -435
-321 -857 -607 -641 906 1,934 -178 807 667 -658 -1,115 -1,656
Net Cash Flow 44 67 -12 66 -159 113 -42 27 -0 90 184 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 13 10 13 12 16 19 23 15 23 38 34 39
Inventory Days 67 80 76 75 121 96 93 97 109 90 71 81
Days Payable 36 56 42 63 73 84 62 86 101 102 77 74
Cash Conversion Cycle 44 34 46 24 64 31 54 25 31 27 27 45
Working Capital Days 14 -11 3 -3 23 30 28 -10 -5 -14 -4 11
ROCE % 17% 22% 26% 31% 19% 12% 11% 7% 11% 5% 9% 16%

Shareholding Pattern

Numbers in percentages

20 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.60% 37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.34% 37.36%
22.87% 20.48% 19.66% 19.43% 20.71% 21.75% 22.88% 22.35% 23.41% 22.10% 17.96% 18.16%
15.66% 18.04% 18.39% 18.55% 17.47% 17.88% 17.13% 17.78% 17.22% 17.74% 22.02% 21.99%
1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57% 1.57%
22.30% 22.57% 23.04% 23.10% 22.91% 21.46% 21.08% 20.94% 20.46% 21.26% 21.10% 20.93%
No. of Shareholders 2,67,2182,90,0773,13,8373,28,1793,22,7772,81,7282,85,1922,82,6492,86,7773,33,8273,36,8463,72,372

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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Credit ratings

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