Apollo Tyres, established in 1972, is a prominent manufacturer of automatic bias, radial tires, and tubes. Boasting a network of nearly 5,000 dealerships in India, over 2,500 of which are exclusive outlets, Apollo Tyres has etched its mark in the industry.
This article delves into every facet of this company, exploring its history, innovations, market influence, and the driving factors that have propelled Apollo Tyres to the forefront of the tire manufacturing landscape.
About Apollo Tyres
Apollo Tyres Limited has carved a formidable presence in the tire manufacturing domain since its inception in 1972. With manufacturing units across India, the Netherlands, and Hungary, the company has marked its global footprint. Boasting a robust network of over 5,000 dealerships, 2,500 of which are exclusive outlets in India, Apollo commands a market cap of ₹32,708 Cr.
Currently priced at ₹515 as of 29th February 2024.
Apollo Tyres Q3 Results Highlight
- Apollo Tyres’ Q3 FY 2023-24:
- Consolidated net profit surged by 78% to Rs 497 crore.
- Revenue from operations increased by 3% to Rs 6,595 crore.
- European operations stood out, outperforming the market.
- Chairman Onkar Kanwar noted positive signs of recovery in the European market.
- Focus on achieving higher ROCE and profitable growth.
- Improved product and market mix, along with stable raw material prices, drove performance.
- Overall, strong performance driven by strategic initiatives and favorable market conditions.
Below are the trading platforms that you can use to purchase Apollo Tyres shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| March 2024 | ₹528.00 | ₹459.13 |
| April 2024 | ₹512.62 | ₹445.76 |
| May 2024 | ₹505.05 | ₹439.17 |
| June 2024 | ₹523.23 | ₹454.98 |
| July 2024 | ₹518.00 | ₹450.43 |
| August 2024 | ₹538.71 | ₹468.45 |
| September 2024 | ₹560.26 | ₹487.19 |
| October 2024 | ₹549.28 | ₹477.63 |
| November 2024 | ₹565.76 | ₹491.96 |
| December 2024 | ₹579.90 | ₹504.26 |
In March 2024, the maximum price of Apollo Tyres is projected to reach ₹528.00, while the minimum price is expected to be ₹459.13. As April approaches, the maximum and minimum prices of Apollo Tyres are anticipated to be ₹512.62 and ₹445.76, respectively. Moving into December 2024, the maximum and minimum prices of Apollo Tyres are forecasted to rise to ₹579.90 and ₹504.26, respectively.
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| January 2025 | ₹591.50 | ₹455.00 |
| February 2025 | ₹606.66 | ₹466.67 |
| March 2025 | ₹630.32 | ₹484.87 |
| April 2025 | ₹617.97 | ₹475.36 |
| May 2025 | ₹599.97 | ₹461.51 |
| June 2025 | ₹626.96 | ₹482.28 |
| July 2025 | ₹614.67 | ₹472.82 |
| August 2025 | ₹633.68 | ₹487.45 |
| September 2025 | ₹655.86 | ₹504.51 |
| October 2025 | ₹672.91 | ₹517.63 |
| November 2025 | ₹689.74 | ₹530.57 |
| December 2025 | ₹706.98 | ₹543.83 |
Throughout 2025, the maximum and minimum prices of Apollo Tyres are forecasted to fluctuate. For instance, in January 2025, the maximum price is expected to rise to ₹591.50, with a corresponding minimum of ₹455.00. As the year progresses, reaching December 2025, both the maximum and minimum prices are projected to peak at ₹706.98 and ₹543.83, respectively.
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| January 2026 | ₹728.19 | ₹560.15 |
| February 2026 | ₹746.86 | ₹574.51 |
| March 2026 | ₹775.99 | ₹596.91 |
| April 2026 | ₹760.77 | ₹585.21 |
| May 2026 | ₹738.61 | ₹568.16 |
| June 2026 | ₹771.85 | ₹593.73 |
| July 2026 | ₹756.72 | ₹582.09 |
| August 2026 | ₹780.12 | ₹600.09 |
| September 2026 | ₹807.43 | ₹621.10 |
| October 2026 | ₹828.42 | ₹637.24 |
| November 2026 | ₹849.13 | ₹653.18 |
| December 2026 | ₹870.36 | ₹669.51 |
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| January 2027 | ₹887.76 | ₹682.90 |
| February 2027 | ₹910.53 | ₹700.41 |
| March 2027 | ₹946.04 | ₹727.72 |
| April 2027 | ₹927.49 | ₹713.45 |
| May 2027 | ₹900.47 | ₹692.67 |
| June 2027 | ₹941.00 | ₹723.84 |
| July 2027 | ₹922.54 | ₹709.65 |
| August 2027 | ₹951.08 | ₹731.60 |
| September 2027 | ₹984.36 | ₹757.20 |
| October 2027 | ₹1,009.96 | ₹776.89 |
| November 2027 | ₹1,035.21 | ₹796.31 |
| December 2027 | ₹1,061.09 | ₹816.22 |
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| January 2028 | ₹1,082.31 | ₹832.54 |
| February 2028 | ₹1,110.06 | ₹853.89 |
| March 2028 | ₹1,153.35 | ₹887.19 |
| April 2028 | ₹1,130.74 | ₹869.80 |
| May 2028 | ₹1,097.80 | ₹844.46 |
| June 2028 | ₹1,147.20 | ₹882.47 |
| July 2028 | ₹1,124.71 | ₹865.16 |
| August 2028 | ₹1,159.50 | ₹891.92 |
| September 2028 | ₹1,200.08 | ₹923.14 |
| October 2028 | ₹1,231.28 | ₹947.14 |
| November 2028 | ₹1,262.06 | ₹970.82 |
| December 2028 | ₹1,293.61 | ₹995.09 |
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| January 2029 | ₹1,319.49 | ₹1,014.99 |
| February 2029 | ₹1,353.32 | ₹1,041.01 |
| March 2029 | ₹1,406.10 | ₹1,081.61 |
| April 2029 | ₹1,378.53 | ₹1,060.41 |
| May 2029 | ₹1,338.38 | ₹1,029.52 |
| June 2029 | ₹1,398.60 | ₹1,075.85 |
| July 2029 | ₹1,371.18 | ₹1,054.75 |
| August 2029 | ₹1,413.59 | ₹1,087.37 |
| September 2029 | ₹1,463.06 | ₹1,125.43 |
| October 2029 | ₹1,501.10 | ₹1,154.69 |
| November 2029 | ₹1,538.63 | ₹1,183.56 |
| December 2029 | ₹1,577.10 | ₹1,213.15 |
| Month | Maximum Price (INR) | Minimum Price (INR) |
|---|---|---|
| January 2030 | ₹1,608.64 | ₹1,237.41 |
| February 2030 | ₹1,649.88 | ₹1,269.14 |
| March 2030 | ₹1,714.23 | ₹1,318.64 |
| April 2030 | ₹1,680.62 | ₹1,292.78 |
| May 2030 | ₹1,631.67 | ₹1,255.13 |
| June 2030 | ₹1,705.09 | ₹1,311.61 |
| July 2030 | ₹1,671.66 | ₹1,285.89 |
| August 2030 | ₹1,723.36 | ₹1,325.66 |
| September 2030 | ₹1,783.68 | ₹1,372.06 |
| October 2030 | ₹1,830.05 | ₹1,407.73 |
| November 2030 | ₹1,875.80 | ₹1,442.93 |
| December 2030 | ₹1,922.70 | ₹1,479.00 |
In the forthcoming year of 2030, each month will unveil fluctuations in the prices of Apollo Tyres. For instance, in January, the maximum price is expected to reach ₹1,608.64, while the minimum will likely stand at ₹1,237.41. As the year progresses, by December 2030, both the maximum and minimum prices are forecasted to peak at ₹1,922.70 and ₹1,479.00, respectively, showcasing the dynamic nature of the market.
Financial condition Of Apollo Tyres: Las 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 17,549 | 16,350 | 17,397 | 20,948 | 24,568 |
| Expenses (Rs. Crores) | 15,573 | 14,392 | 14,579 | 18,353 | 21,235 |
| Operating Profit (Rs. Crores) | 1,976 | 1,958 | 2,818 | 2,595 | 3,333 |
| Other Income (Rs. Crores) | 114 | 24 | -478 | 118 | 64 |
| Interest (Rs. Crores) | 199 | 300 | 463 | 465 | 551 |
| Depreciation (Rs. Crores) | 813 | 1,138 | 1,315 | 1,400 | 1,419 |
| Profit before tax (Rs. Crores) | 888 | 543 | 561 | 848 | 1,427 |
| Net Profit (Rs. Crores) | 680 | 476 | 350 | 639 | 1,105 |
| EPS (Rs.) | 11.88 | 8.33 | 5.51 | 10.06 | 17.39 |
| Dividend Payout (%) | 27% | 36% | 63% | 32% | 26% |
Over the last five years, Apollo Tyres has showcased a notable financial performance, witnessing consistent growth in both sales and expenses. Despite increased expenses, the company’s operating profit has steadily increased, reaching Rs. 3,333 crores in 2023 from Rs. 1,976 crores in 2019. The increase in net profit, from Rs. 680 crores to Rs. 1,105 crores during this period, signifies a robust financial upturn. The EPS rose significantly from 11.88 in 2019 to 17.39 in 2023.
The dividend payout fluctuated but remained relatively stable over the period. The compounded profit growth indicates a strong trajectory, especially in the last three years, demonstrating remarkable growth with a 32% increase and an outstanding 125% growth in the trailing twelve months (TTM). The consistent performance suggests a steady and promising financial outlook for Apollo Tyres.
FAQs
What is Apollo Tyres’ current market capitalization?
Apollo Tyres’ current market capitalization stands at ₹32,708 Crores.
The current share price target for Apollo Tyres is ₹515.
The projected share price target for Apollo Tyres in 2025 ranges from ₹455.00 to ₹706.98.
The projected share price target for Apollo Tyres in 2030 varies from ₹1,237.41 to ₹1,922.70.
What is Apollo Tyres’ current P/E ratio?
The current P/E ratio for Apollo Tyres stands at 18.1.
How has Apollo Tyres’ net profit grown over the past five years?
Apollo Tyres’ net profit has shown significant growth, reaching ₹1,105 Crores in 2023 from ₹680 Crores in 2019.
What is the compounded profit growth for Apollo Tyres over different timeframes?
The compounded profit growth for Apollo Tyres is 6% over 10 years, 8% over 5 years, and an impressive 32% over the last 3 years. The trailing twelve-month (TTM) growth stands at 125%.
What has been the trend in Apollo Tyres’ operating profit over the last five years?
Apollo Tyres’ operating profit has shown steady growth, increasing from ₹1,976 Crores in 2019 to ₹3,333 Crores in 2023.
What was the revenue trend for Apollo Tyres from 2019 to 2023?
Apollo Tyres’ revenue increased from ₹17,549 Crores in 2019 to ₹24,568 Crores in 2023
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Conclusion
Apollo Tyres stands as a formidable force in the tire manufacturing industry, with a rich history of innovation and a global footprint. Despite market fluctuations, the company has consistently demonstrated resilience and growth, as evidenced by its strong financial performance over the past five years. With a strong network of dealerships and strategic initiatives driving profitability, Apollo Tyres is well-positioned for continued success in the years to come. Investors can look forward to the promising trajectory of this industry leader, marked by steady revenue growth, increasing operating profit, and a commitment to delivering value to shareholders.
What did we learn?
- 1 About Apollo Tyres
- 2 Apollo Tyres Q3 Results Highlight
- 3 How to Purchase Apollo Tyres Shares?
- 4 Apollo Tyres Share Price Target: 2024, 2025 To 2030
- 5 Financial condition Of Apollo Tyres: Las 5 years
- 6 FAQs
- 6.1 What is Apollo Tyres’ current market capitalization?
- 6.2 What is the current share price target for Apollo Tyres?
- 6.3 What is the projected share price target for Apollo Tyres in 2025?
- 6.4 What is the projected share price target for Apollo Tyres in 2030?
- 6.5 What is Apollo Tyres’ current P/E ratio?
- 6.6 How has Apollo Tyres’ net profit grown over the past five years?
- 6.7 What is the compounded profit growth for Apollo Tyres over different timeframes?
- 6.8 What has been the trend in Apollo Tyres’ operating profit over the last five years?
- 7 Conclusion
