MarketFriction

Apollo Tyres Ltd

NSE APOLLOTYRE · BSE 500877 · Tyres & Rubber Products
₹404.75 +0.01%
NSE close2026-10-01
52 week range365.30 - 540.50
Market cap₹25,833 Cr.
P/E12.1
Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 41.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6,2806,5956,2586,3356,4376,9286,4246,5616,8317,7437,3367,398
Expenses5,1205,3875,2305,4265,5595,9815,5865,6935,8106,5576,2676,530
Operating Profit1,1601,2081,0289098789478378681,0211,1861,069868
OPM %18%18%16%14%14%14%13%13%15%15%15%12%
Other Income13338-10174-91-351-15023-42182
Interest1331231151071201111091011011009091
Depreciation360368388370376376377378383385397391
Profit before tax68072156342339946526038386723162468
Tax %30%31%37%29%25%27%29%66%33%35%-290%25%
Net Profit47449735430229733718513258471631349
EPS in Rs7.477.825.584.764.685.312.910.204.067.419.935.49
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales11,84913,18014,84317,54916,35017,39720,94824,56825,37826,12328,47129,308
Expenses9,84011,31313,17515,57314,39214,57918,35321,23520,90922,52824,30025,164
Operating Profit2,0081,8671,6681,9761,9582,8182,5953,3334,4683,5954,1704,143
OPM %17%14%11%11%12%16%12%14%18%14%15%14%
Other Income110148114-7724-4781186477-80-900-466
Interest101118177199300463465551527470419382
Depreciation4274625938131,1381,3151,4001,4191,4781,4981,5431,556
Profit before tax1,5911,4361,0128885435618481,4272,5401,5471,3091,739
Tax %29%23%28%23%12%38%25%27%32%28%-5%
Net Profit1,1231,0997246804763506391,0461,7221,1211,3721,708
EPS in Rs22.0621.5912.6511.888.335.5110.0616.4727.1117.6621.6126.89
Dividend Payout %9%14%24%27%36%63%32%27%22%28%28%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%10%5%11%
Compounded Profit Growth7%24%26%73%
Stock Price CAGR6%13%3%-14%
Return on Equity9%10%12%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital515151575757646464646464
Reserves4,9916,5547,2399,7199,9839,87311,38011,68912,51513,83914,70216,652
Borrowings1,1061,5473,4374,6615,1116,7647,3347,0616,4214,9054,4103,675
Other Liabilities2,4513,4424,5075,6205,0006,5127,0408,2288,2828,0688,0518,643
Total Liabilities8,60011,59415,23320,05820,15123,20525,81627,04127,28126,87527,22729,034
Fixed Assets4,3825,2146,69210,40311,75415,44816,42017,59117,65317,00616,41116,487
CWIP2189942,9152,3041,5391,6421,1076182533484351,077
Investments1015063961,3426191104814365324562
Other Assets3,8994,8805,2306,0086,8526,0968,1818,3508,9408,98910,33511,408
Total Assets8,60011,59415,23320,05820,15123,20525,81627,04127,28126,87527,22729,034
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,4122,1229021,7201,0712,5172,4472,1542,1373,4401,8233,667
Cash from Investing Activity-796-2,226-3,368-3,891-1,027-2,817-2,342-1,172-478-704-205-1,344
Cash from Financing Activity-684-2551,8952,321-62472152-1,081-1,692-2,659-1,647-2,177
Net Cash Flow-68-358-571150-18173257-100-3476-28146
Free Cash Flow781507-2,361-1,348-1,203-2881,2913371,3742,7661,0932,312
CFO/OP88%125%66%118%65%133%94%88%71%86%62%98%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days273331352721293637384341
Inventory Days92119140128125129129122110113127128
Days Payable469592106749310910485737176
Cash Conversion Cycle735880577857495463799993
Working Capital Days142-5-020-22-27-23-682220
ROCE %26%23%16%9%9%5%9%7%10%16%11%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.34%37.34%37.36%37.36%37.36%37.36%37.36%36.95%36.95%36.93%36.93%36.93%
FIIs22.10%17.96%18.16%14.46%14.55%14.21%13.43%12.27%11.90%12.26%12.15%10.09%
DIIs17.74%22.02%21.99%25.12%25.56%26.12%26.51%27.54%27.93%27.89%27.56%29.05%
Government1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%1.57%
Public21.26%21.10%20.93%21.48%20.97%20.73%21.13%21.44%21.38%21.06%21.38%21.97%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.22%0.26%0.28%0.40%0.40%
No. of Shareholders3,33,8273,36,8463,72,3724,24,2064,29,2514,17,8614,27,2484,21,8134,24,1044,01,0814,08,7044,26,532

Fundamentals

Market Cap₹ 25,833 Cr.
Current Price₹ 407
Stock P/E12.1
Book Value₹ 263
ROCE13.9 %
ROE13.1 %
Dividend Yield1.48 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)73%
Consolidated figures.
Valuation
Market capRs 25,706 Cr
Enterprise valueRs 28,337 Cr
P/E (TTM)15.05x
Price to book1.54x
Price to sales0.88x
EV / EBITDA7.71x
EV / EBIT13.36x
EV / sales0.97x
Price to cash flow7.01x
Earnings yield6.65%
Dividend yield1.48%
P/E, 3-year average20.14x
P/B, 3-year average1.84x
P/E, 5-year average19.77x
P/B, 5-year average1.64x
Profitability
Operating margin (excl. other income)14.65%
Operating margin (incl. other income)11.49%
EBITDA margin12.55%
Pre-tax margin5.93%
Net profit margin5.83%
Net margin, latest quarter4.72%
ROE8.72%
ROCE8.73%
ROA4.88%
ROE, 3-year average9.85%
ROCE, 3-year average11.86%
ROA, 3-year average5.13%
ROE, 5-year average8.73%
ROCE, 5-year average10.61%
ROA, 5-year average4.33%
ROIC (approx.)11.49%
Tax rate-4.83%
Other income / net worth-5.38%
Growth
Sales growth (latest year)8.98%
Profit growth (latest year)22.39%
Sales CAGR, 3 years5.04%
Sales CAGR, 5 years10.35%
Profit CAGR, 3 years9.48%
Profit CAGR, 5 years31.41%
Sales growth QoQ0.85%
Profit growth QoQ-44.71%
Sales growth YoY (latest quarter)12.76%
Profit growth YoY (latest quarter)2608.62%
Per share
EPS (TTM)Rs 26.90
EPS (latest year)Rs 21.61
EPS (latest quarter)Rs 5.49
EPS, 3-year averageRs 22.13
EPS, 5-year averageRs 18.58
Book value per shareRs 263.19
Sales per shareRs 461.46
Cash flow per shareRs 57.74
Free cash flow per shareRs 36.40
Dividend per share (latest year)Rs 6.00
Dividend per share, 3-year averageRs 5.67
Dividend per share, 5-year averageRs 4.95
Dividends
Dividend payout27.77%
Dividend payout, 3-year average26.07%
Dividend payout, 5-year average27.57%
Efficiency
Asset turnover0.98x
Fixed asset turnover1.73x
Inventory turnover3.14x
Inventory days116 days
Debtor days41 days
Debtors turnover8.92x
Creditor days76 days
Cash conversion cycle93 days
Working capital days20 days
Leverage
Total debtRs 3,675 Cr
Cash and bankRs 1,044 Cr
Net debtRs 2,631 Cr
Debt to equity0.22x
Net debt / EBITDA0.72x
Interest coverage5.55x
Current ratio (filing 2026-03-31)1.32x
Quick ratio (filing 2026-03-31)0.65x
Trade payables (filing 2026-03-31)Rs 3,224 Cr
Owners' fund to total sources57.57%
Debt to assets12.66%
Cash flow
Cash from Operating Activity (latest year)Rs 3,667 Cr
Cash from Investing Activity (latest year)Rs -1,344 Cr
Cash from Financing Activity (latest year)Rs -2,177 Cr
Net Cash Flow (latest year)Rs 146 Cr
Free cash flow (latest year)Rs 2,312 Cr
FCFE (approx.: FCF + change in debt)Rs 1,577 Cr
Cash from ops / profit, 5 years2.24x
Sales to cash flow7.76x
Statement figures
Net sales (TTM)Rs 29,308 Cr
Net sales (latest year)Rs 28,471 Cr
Sales (latest quarter)Rs 7,398 Cr
Operating profit excl. other income (latest year)Rs 4,170 Cr
Operating profit (latest quarter)Rs 868 Cr
Other income (TTM)Rs -466 Cr
EBITDA (TTM)Rs 3,677 Cr
PBDT (TTM)Rs 3,295 Cr
Profit before tax (TTM)Rs 1,739 Cr
Tax (latest year)Rs -63 Cr
Net profit (TTM)Rs 1,708 Cr
Net profit (latest year)Rs 1,372 Cr
Net profit (latest quarter)Rs 349 Cr
Depreciation (TTM)Rs 1,556 Cr
Depreciation (latest quarter)Rs 391 Cr
Interest (TTM)Rs 382 Cr
Cost of goods sold (latest year)Rs 17,130 Cr
Total expenditure (latest year)Rs 24,300 Cr
Total income (latest year)Rs 27,571 Cr
Share capitalRs 64 Cr
ReservesRs 16,652 Cr
Shareholders' fundsRs 16,715 Cr
Total assetsRs 29,034 Cr
Net blockRs 16,487 Cr
Capital work in progressRs 1,077 Cr
InvestmentsRs 62 Cr
ReceivablesRs 3,191 Cr
InventoryRs 5,452 Cr
Other liabilitiesRs 8,643 Cr
Shares outstanding (crore)63.51
Ownership
Promoter holding36.93% (-0.02 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.1 is at the 12th percentile of its own 9.4-year range (median 22.1, low 7.4, high 41.2).
P/B 1.54 is at the 42th percentile (median 1.67).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAPOLLOTYRENifty 50Difference
1 week+1.7%-2.8% +4.5 pts
1 month-8.6%-6.8% -1.8 pts
3 months-9.8%-7.6% -2.1 pts
6 months-1.8%+0.4% -2.2 pts
1 year-17.9%-9.9% -8.0 pts
2 years-22.2%-13.6% -8.6 pts
3 years+9.8%+14.2% -4.4 pts
5 years+80.5%+27.9% +52.6 pts
87 mutual fund schemes hold about ₹6,360 Cr. Over three months 74 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund1.70%1,839 +5%
ICICI Pru Value Fund1.51%905 +100%
Kotak Mid Cap Fund0.68%487 +7%
Kotak Large & Mid Cap Fund1.29%417 +9%
HDFC Balanced Advantage Fund0.37%395 +12%
DSP Midcap Fund1.28%270 +9%
Kotak Flexi Cap Fund0.44%246 +12%
Kotak Flexi Cap Fund0.44%245 +12%
ICICI Pru India Opp Fund0.49%189 +10%
Quant Small Cap Fund0.46%162 -4%
HDFC Large & Mid Cap Fund0.41%125 +9%
HDFC Multi Cap Fund0.56%115 +11%
Kotak Large Cap Fund0.91%99 +11%
ICICI Pru Aggressive Hybrid Fund(A0.18%95 +18%
ICICI Pru Multi Cap Fund0.47%92 +100%
ICICI Pru Multi Cap Fund0.47%88 +100%
Kotak Balanced Advantage Fund0.42%73 +13%
Nippon India Power & Infra Fund0.66%53 +22%
JioBlackRock Flexi Cap Fund1.54%50 +13%
HDFC Transportation and Logistics Fund2.28%48 -4%
DSP India T.I.G.E.R Fund0.68%44 +10%
UTI Transportation & Logistics Fund0.92%40 -9%
HDFC Dividend Yield Fund0.63%35 +14%
DSP Multi Asset Allocation Fund0.28%31 +4%
ICICI Pru ELSS-Tax Saver Fund0.19%27 +21%

Red flags

F-score 8 of 8
lookRegulator order or action Regulator order or action 2026-06-05: Apollo Tyres Limited has informed the Exchange about Action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-09-15Sunrays Properties & Investment CoPromoter Groupsell644,540Rs 14.21 CrMarket Sale
2021-09-13Sunrays Properties & Investment CoPromoter Groupsell325,000Rs 6.97 CrMarket Sale
2021-09-09Sunrays Properties & Investment CoPromoter Groupsell100,000Rs 2.16 CrMarket Sale
2021-09-07Sunrays Properties & Investment CoPromoter Groupsell75,460Rs 1.64 CrMarket Sale
2021-08-25PTL Enterprises LimitedPromoter Groupbuy30,000Rs 0.62 CrMarket Purchase
2021-08-24PTL Enterprises LimitedPromoter Groupbuy100,000Rs 2.06 CrMarket Purchase
2021-08-18APOLLO FINANCE LTD.Promoter Groupother3,000Rs 0.07 CrRevokation of Pledge
2021-08-11Sunrays Properties & Investment CoPromoter Groupother121,600Rs 2.60 CrRevokation of Pledge
2021-08-03APOLLO FINANCE LTD.Promoter Groupother30,000Rs 0.69 CrRevokation of Pledge
2021-08-03Sunrays Properties & Investment CoPromoter Groupother3,405,000Rs 78.16 CrRevokation of Pledge
2021-07-30Sunrays Properties & Investment CoPromoter Groupother1,630,000Rs 36.42 CrRevokation of Pledge
2021-06-15PTL Enterprises LimitedPromoter Groupbuy150,000Rs 3.57 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹7,398 Cr +12.8% vs Jun 2025. Net profit ₹349 Cr +2584.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-10Dividend - Rs2.50 Per Share
2026-02-10Interim Dividend - Rs 3.50 Per Share
2025-07-11Dividend - Rs 5 Per Share
2024-07-05Dividend - Rs 6 Per Share
2023-07-14Dividend - Rs 4 Per Share/ Special Dividend - Re 0.50 Per Share
2022-06-16Annual General Meeting/Dividend - Rs 3.25 Per Share
2021-07-15 Annual General Meeting/Dividend - Rs 3.50 Per Share
2020-08-12 Annual General Meeting
2020-03-04 Interim Dividend - Rs 3 Per Share
2019-07-23 Annual General Meeting/ Dividend - Rs 3.25 Per Share
2018-07-18 Dividend-Rs 3 Per Share
2017-06-27 Annual General Meeting/Dividend - Rs 3/- Per Share
2016-08-01 Annual General Meeting/ Dividend - Rs 2/- Per Share
2015-08-04Annual General Meeting/ Dividend - Rs 2/- Per Share
2014-07-17Annual General Meeting And Dividend Re.0.75 Per Share
2013-07-18Annual General Meeting And Dividend Re.0.50 Per Share
2012-07-30Annual General Meeting/Dividend Re 0.50 Per Share
2011-07-26Annual General Meeting And Dividend Re.0.50 Per Share
2010-07-14Annual General Meeting And Dividend Re.0.75 Per Share
2009-06-29Agm/Div-Re0.45 Per Share
2008-06-27Agm/Dividend - 50%
2007-08-17Fv Split Rs.10/- To Re.1/0.1000
2007-07-12Annual General Meeting
2007-03-23Int Div-Rs.4.50 Per Share
2006-08-21Agm/Div-Rs.4.50 Per Sh
DateTypeWhat it says
2026-09-30AllotmentAllotment of 50000 securities pursuant to Non Convertible Securities at its meeting held on September 30, 2026
2026-09-22General UpdatesReport on re-lodgement of transfer requests of physical shares
2026-09-18General UpdatesESG Rating
2026-09-07Shareholder meetingNotice of Postal Ballot
2026-09-03General UpdatesESG Rating
2026-08-25General UpdatesCut-off date for postal ballot
2026-08-14General UpdatesESG Rating
2026-08-13AppointmentAppointment of Mr Rajeev Kumar Sinha as Executive Director of the company w.e.f. August 13, 2026.
2026-08-13Board meeting outcomeOutcome of Board Meeting held on August 13, 2026.
2026-08-12General UpdatesReport on Re-Lodgement of Transfer Requests of Physical Shares
2026-08-11Concall / analyst meetTranscript
2026-08-07General UpdatesESG Rating
2026-08-07Concall / analyst meetLink of Recording
2026-08-07Concall / analyst meetPresentation
2026-08-06ResignationResignation of Director/KMP/SMP
2026-08-06Change in ManagementChange in Management
2026-08-06Director changeChange in Director(s) of the company.
2026-08-06Board meeting outcomeApollo Tyres Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-30Concall / analyst meetSchedule of meet
2026-07-30Shareholder meetingVoting results.
2026-07-29Shareholder meetingProceedings of Annual General Meeting held on July 29, 2026
2026-07-16General UpdatesReport on Re-lodgement of Transfer Requests of Physical Shares.
2026-07-09Disclosure under SEBI TakeovApollo Tyres Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substant...
2026-07-06General UpdatesIntimation under Regulation 30 of SEBI LODR - Letter to the Shareholders/ Debentureholders of the Company.
2026-07-06UpdatesBusiness Responsibility and Sustainability Report for FY26.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Apollo Tyres Ltd?

Apollo Tyres Ltd (APOLLOTYRE) has a market capitalisation of Rs 25,833 Cr. at the 2026-10-01 close.

What is the P/E ratio of Apollo Tyres Ltd?

Apollo Tyres Ltd trades at a P/E of 12.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Apollo Tyres Ltd's latest quarterly results?

In the Jun 2026 quarter, Apollo Tyres Ltd sales was Rs 7,398 Cr (+12.8% vs Jun 2025) and net profit was Rs 349 Cr.

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

The 52-week high is Rs 540.50 and the 52-week low is Rs 365.30.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03