Apollo Tyres Share Price Target 2024, 2025 To 2030

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 ₹29,653 Cr.

Currently priced at ₹474 as of 15th May 2024.

Apollo Tyres Q4 FY24 Results Highlight

  • Net Profit Decline:
    • Apollo Tyres reported a net profit of ₹354 crore for Q4FY24, down 13.7% from ₹410.3 crore in Q4FY23.
  • Revenue Growth:
    • Revenue from operations increased slightly by 0.2% to ₹6,258 crore in Q4FY24, up from ₹6,247.3 crore in the same quarter last year.
  • EBITDA Improvement:
    • EBITDA rose by 3% to ₹1,028 crore in Q4FY24, compared to ₹998.4 crore in the year-ago period.
    • The EBITDA margin improved to 16.4% from 16% in Q4FY23.
  • Dividend Announcement:
    • The board recommended a dividend of ₹6 per equity share (600%) on the face value of ₹1 each for FY24.
    • The dividend is subject to shareholder approval and will be paid within 30 days from the AGM.
  • Share Performance:
    • Apollo Tyres’ shares closed at ₹474.15 on the BSE, down by ₹4.25 or 0.89%, following the results announcement.
  • Operational Metrics:
    • The company maintained stable revenue and improved operational efficiency, despite a challenging economic environment.

How to Purchase Apollo Tyres Shares?

Below are the trading platforms that you can use to purchase Apollo Tyres shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

Finances rule

➤ ICICIDirect

Apollo Tyres Share Price Target: 2024, 2025 to 2030

Apollo Tyres Share Price Target 2024

When Maximum Price Minimum Price
May 2024 483.60 420.53
June 2024 501.01 435.66
July 2024 496.00 431.31
August 2024 515.84 448.56
September 2024 536.48 466.50
October 2024 525.96 457.36
November 2024 547.00 475.65
December 2024 552.47 480.41

In May 2024, Apollo Tyres’ maximum price is projected to reach ₹483.60, while the minimum price is expected to be ₹420.53. By December 2024, the maximum price is anticipated to rise to ₹552.47, with the minimum price forecasted to be ₹480.41.

Apollo Tyres Share Price Target 2025

When Maximum Price Minimum Price
January 2025 557.99 429.22
February 2025 563.63 433.56
March 2025 575.46 442.66
April 2025 569.77 438.28
May 2025 553.17 425.52
June 2025 578.06 444.66
July 2025 566.73 435.95
August 2025 584.26 449.43
September 2025 591.27 454.82
October 2025 606.64 466.65
November 2025 621.81 478.31
December 2025 649.79 499.84

As we step into January 2025, Apollo Tyres’ maximum price is expected to reach ₹557.99, with the minimum price projected to be ₹429.22. By December 2025, the maximum price is anticipated to rise to ₹649.79, while the minimum price is forecasted to be ₹499.84. Throughout the year 2025, Apollo Tyres’ stock prices are projected to experience a gradual increase, reflecting positive market trends and investor confidence.

Apollo Tyres Share Price Prediction 2026

When Maximum Price Minimum Price
January 2026 669.28 514.83
February 2026 652.55 501.96
March 2026 665.60 512.00
April 2026 679.18 522.45
May 2026 672.46 517.28
June 2026 689.27 530.21
July 2026 675.76 519.81
August 2026 696.66 535.89
September 2026 710.59 546.61
October 2026 729.06 560.82
November 2026 747.29 574.84
December 2026 765.97 589.21

Apollo Tyres Share Price Target 2027

When Maximum Price Minimum Price
January 2027 773.63 595.10
February 2027 793.47 610.36
March 2027 824.41 634.17
April 2027 808.25 621.73
May 2027 784.71 603.62
June 2027 820.02 630.79
July 2027 803.94 618.42
August 2027 828.81 637.54
September 2027 857.81 659.86
October 2027 880.12 677.01
November 2027 902.12 693.94
December 2027 924.67 711.29

Apollo Tyres Share Price Target 2028

When Maximum Price Minimum Price
January 2028 943.17 725.51
February 2028 967.35 744.12
March 2028 1,005.08 773.14
April 2028 985.37 757.98
May 2028 956.67 735.90
June 2028 999.72 769.02
July 2028 980.12 753.94
August 2028 1,010.43 777.25
September 2028 1,045.80 804.46
October 2028 1,072.99 825.37
November 2028 1,099.81 846.01
December 2028 1,127.31 867.16

Apollo Tyres Share Price Target 2029

When Maximum Price Minimum Price
January 2029 1,149.85 884.50
February 2029 1,179.34 907.18
March 2029 1,225.33 942.56
April 2029 1,201.30 924.08
May 2029 1,166.31 897.16
June 2029 1,218.80 937.54
July 2029 1,194.90 919.15
August 2029 1,231.86 947.58
September 2029 1,274.97 980.75
October 2029 1,308.12 1,006.25
November 2029 1,340.82 1,031.40
December 2029 1,374.34 1,057.19

Apollo Tyres Share Price Prediction 2030

When Maximum Price Minimum Price
January 2030 1,401.83 1,078.33
February 2030 1,437.78 1,105.98
March 2030 1,493.85 1,149.11
April 2030 1,464.56 1,126.58
May 2030 1,421.90 1,093.77
June 2030 1,485.89 1,142.99
July 2030 1,456.75 1,120.58
August 2030 1,501.80 1,155.23
September 2030 1,554.37 1,195.67
October 2030 1,594.78 1,226.75
November 2030 1,634.65 1,257.42
December 2030 1,675.52 1,288.86

As we step into January 2030, Apollo Tyres’ maximum price is expected to reach ₹1,401.83, with the minimum price projected to be ₹1,078.33. By December 2030, the maximum price is anticipated to rise to ₹1,675.52, while the minimum price is forecasted to be ₹1,288.86. Throughout the year 2030.

Financial Strength of Apollo Tyres (2020 to 2024)

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 16,350 17,397 20,948 24,568 25,378
Expenses + 14,392 14,579 18,353 21,235 20,930
Operating Profit 1,958 2,818 2,595 3,333 4,447
OPM % 12% 16% 12% 14% 18%
Other Income + 24 -478 118 64 77
Interest 300 463 465 551 506
Depreciation 1,138 1,315 1,400 1,419 1,478
Profit before tax 543 561 848 1,427 2,540
Tax % 12% 38% 25% 23% 32%
Net Profit + 476 350 639 1,105 1,722
EPS in Rs 8.33 5.51 10.06 17.39 27.11
Dividend Payout % 36% 63% 32% 26% 22%
  • Sales have shown a consistent upward trend from March 2020 to March 2024, increasing from ₹16,350 crore to ₹25,378 crore, indicating robust revenue growth over the years.
  • Despite fluctuations in expenses, operating profit has steadily increased from ₹1,958 crore in March 2020 to ₹4,447 crore in March 2024, with an improving operating profit margin (OPM) reaching 18% in March 2024.
  • Net profit has also exhibited significant growth, rising from ₹476 crore in March 2020 to ₹1,722 crore in March 2024, with a corresponding increase in earnings per share (EPS) from ₹8.33 to ₹27.11 during the same period.
  • The dividend payout percentage has gradually decreased from 36% in March 2020 to 22% in March 2024, indicating a shift towards reinvestment for future growth and strengthening financial position.

Sharekhan on Apollo Tyres share price Target

Sharekhan, a leading financial advisory firm, recommends investors to consider purchasing shares of Apollo Tyres, suggesting a target price of Rs 619.00.

FAQs

What is Apollo Tyres’ current market capitalization?

Apollo Tyres’ current market capitalization stands at ₹29,653 Crores.

What is the current share price target for Apollo Tyres?

The current share price target for Apollo Tyres is ₹474.

What is the projected share price target for Apollo Tyres in 2025?

The projected share price target for Apollo Tyres in 2025 ranges from ₹425.52 to ₹649.79.

What is the projected share price target for Apollo Tyres in 2030?

The projected share price target for Apollo Tyres in 2030 varies from ₹1,078.33 to ₹1,675.52.

What is Apollo Tyres’ current P/E ratio?

The current P/E ratio for Apollo Tyres stands at 16.7.

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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.

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Author: Sneha Saha

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