Apollo Tyres Share Price Target 2024-2030 Fundamentals & Quarterly Results

Apollo Tyres Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –Apollo Tyres Limited, based in Gurgaon, India, is an Indian tyre producer. It has five production plants situated in Kerala, Chennai, Andhra Pradesh and Gujarat; plus two further plants located abroad. Established in 1972, the Apollo tyres limited company employs more than 18000 people and is currently under the chairmanship of Omkar Kanwar.

Latest Update -Apollo Tyres declared its results for the quarter covering April to June of FY 2024-25 (Q1FY25) and reported a decline in net profit by 24% from ₹397 crore in Q1FY24 to ₹302 crore in Q1FY25. During this period, Chennai-based tire producer’s revenue from operations was up 1.4% at ₹6,335 crore as opposed to ₹6,244 crore during the corresponding period last year.

Apollo Tyres Overview

Contents

1 Apollo Tyres Overview
2 Apollo Tyres Business Profile
3 Apollo Tyres Fundamentals & Quarterly Results
4 Apollo Tyres Share Price Target 2024-2030

The company Apollo which was started in year 1972 makes automatic bias and radial tyres. It has several factories in Kochi, Vadodara, Pune as well as Chennai. Its portfolio of products includes well-known names of T&B tyres among others that are used by both OEMs as well as aftermarket customers for light trucks, passenger cars and farming vehicles within India.

Company Name	Apollo Tyres Ltd
Listed	NSE & BSE
Head Office	Apollo House, 7 Institutional Area, Sector 32, Gurgaon, Haryana, 122001
Board Of Director	Mr.Onkar Kanwar Chairman Mr.Vishal Mahadevia Director Mr.Akshay Chudasama Director Mr.Vikram S Mehta Director Mr.Francesco Gori Director Mr.Vinod Rai Director Mr.Sunam Sarkar Director Ms.Lakshmi Puri Director Mr.Francesco Crispino Director Dr.Jaimini Bhagwati Director Mr.Neeraj Kanwar Vice Chairman & Mng.Director Mr.Gaurav Kumar WholeTime Director & CFO
Official Website	apollotyres.com

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Apollo Tyres Business Profile

Apollo & Vredestein are the two brands of tyres owned by the company. The tyres under the Apollo brand mainly cater to the needs of customers in India and its neighboring countries while Vredestein targets Europe where it has been in existence for over a hundred years and ranked amongst top tire producers worldwide.

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Distribution Network

Its distribution network consists of ~6,700 dealers across India and ~7,000 dealers across the Europe. It has been increasing its presence in the rural India; It increased its stores in rural areas from 1,300 in FY20 to 5,300 in just 3 Quarters.

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Manufacturing Capabilities

The organization runs and manages five production facilities in India, as well as two production facilities in Europe which are located in the Netherlands and Hungary. In Europe, it has an aggregate capacity of 10 million tires annually while in India it has a total capacity of 63 million tires each year.

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Apollo Tyres Products

Contains more than 16,000 workers and a revenue of around 2 billion dollars for the multifaceted enterprise in over 100 nations across the globe; furthermore, it sells its goods to about 118 countries.

● 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

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Revenue Distribution

As for where the money comes from, APMEA Region (Asia Pacific, Middle East) has contributed 72% of the total revenue of the company whereas just last year EA Region (Europe and Americas) accounted for 28%. In India, Apollo tyres has a retail network of 5000 strong. Among other things that have earned it many awards like – Asia Responsible Entrepreneurship Award for HIV/AIDS initiative and Global Sustainability Leadership Awards 2014. There’s a clear vision to provide the quality service that customers deserve. In reality Apollo Tyres is moving fast towards becoming one of the most prominent players in tire market at this time. With this position, it is currently the 17th largest tire manufacturer globally.

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Apollo Tyres Fundamentals & Quarterly Results

Metric	Value
Market Cap	₹ 30,834 Cr.
Current Price	₹ 486
High / Low	₹ 568 / 365
Stock P/E	18.2
Book Value	₹ 219
Dividend Yield	1.23 %
ROCE	16.4 %
ROE	13.2 %
Face Value	₹ 1.00
FCF Prev Ann	₹ 1,374 Cr.
Debt to equity	0.35
Debt preceding year	₹ 6,421 Cr.
Reserves	₹ 13,839 Cr.
Quick ratio	0.61
Current ratio	1.21
Free Cash Flow	₹ 2,766 Cr.

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Apollo Tyres Quarterly Results

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales +	5,942	5,956	6,423	6,247	6,245	6,280	6,595	6,258	6,335
Expenses +	5,252	5,244	5,509	5,249	5,193	5,120	5,387	5,230	5,426
Operating Profit	690	712	913	998	1,051	1,160	1,208	1,028	909
OPM %	12%	12%	14%	16%	17%	18%	18%	16%	14%
Other Income +	11	7	7	40	22	13	3	38	-10
Interest	118	132	142	139	135	133	123	115	107
Depreciation	344	349	354	372	362	360	368	388	370
Profit Before Tax	238	238	424	527	576	680	721	563	423
Tax %	20%	25%	31%	22%	31%	30%	31%	37%	29%
Net Profit +	191	179	292	410	397	474	497	354	302
EPS in Rs	3.00	2.82	4.60	6.46	6.25	7.47	7.82	5.58	4.76

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CAGR Report

	10 Years	5 Years	3 Years	TTM / 1 Year
Compounded Sales Growth	7%	8%	13%	2%
Compounded Profit Growth	5%	16%	35%	34%
Stock Price CAGR	12%	24%	29%	22%
Return on Equity	10%	8%	9%	13%

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Apollo Tyres Shareholding Pattern

Category	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters	40.32%	40.90%	40.90%	37.31%	37.34%	37.34%	37.36%	37.36%
FIIs	24.34%	19.35%	22.89%	24.27%	19.43%	22.35%	18.16%	14.46%
DIIs	19.97%	21.87%	17.06%	11.54%	18.55%	17.78%	21.99%	25.12%
Government	1.75%	1.75%	1.75%	1.57%	1.57%	1.57%	1.57%	1.57%
Public	13.61%	16.13%	17.40%	25.30%	23.10%	20.94%	20.93%	21.48%
No. of Shareholders	1,33,736	1,65,148	1,93,296	2,37,503	3,28,179	2,82,649	3,72,372	4,24,206

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