APOLLOTYREAutomobile and Auto Components

Apollo Tyres Limited

Tyres & Rubber Products · ISIN INE438A01022 · BSE 500877 · NSE EQ · FV ₹1
Last price
₹402
+1.54%today
What this company does

Apollo Tyres Limited operates in Tyres & Rubber Products, part of the Automobile and Auto Components sector. It booked ₹7,968 cr of revenue in its latest quarter (Q2 FY27) and kept 3.7% of sales as profit. It is the 3rd largest of 8 Tyres & Rubber Products companies we track, by market value.

“Management Discussion and Analysis STATUTORY REPORTS 37 FINANCIAL STATEMENTS India The fiscal saw the continued push of bettering the product mix, aimed at catering to evolving customer preferences and positioning the Vredestein brand as a premium and luxury choice for consumers. Significant investments were made in brand building, network expansion and enhancing the overall customer experience.”
In the report:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 14–52 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns17

How much profit it earns on the money it employs

Balance sheet53

How much it owes, and whether earnings cover the interest

Cash quality96

Whether reported profit actually arrives as cash

Growth & consistency33

Whether sales and profit have grown, and how steadily

Valuation62

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 17% vs last year
✓ Profit up 13% vs last year
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 3.7% net margin
! Low 6.7% return on equity

What if I invest in APOLLOTYRE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹402▲ +1.54%
latest close · 2026-11-04
1-year return
+68.4%
52-wk low ₹16552-wk high ₹467
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.8Average
LowAverageHigh
P/B ratio1.46Moderate
Below bookModerateHigh
EV / EBITDA8.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.7%Weak
WeakFairStrong ▸15%
Return on capital8.9%Fair
WeakFairStrong
Net margin3.7%Thin
ThinDecentStrong
EBITDA margin10.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.25Comfortable
LowModerateHigh ▸1
Interest cover5.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.22Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹25,556 cr
Book value
₹276
EPS
₹4.62
latest quarter
Net debt
₹3,343 cr
owes more than its cash
Enterprise value
₹28,899 cr
EBITDA
₹3,483 cr
annualised
EBIT
₹1,961 cr
annualised
Operating margin
6.2%
Return on assets
3.6%
Earnings yield
4.59%
P/S
0.80
Sales / share
₹501.9
Tax rate
26.2%
Face value
₹1
Shares
63.5 cr
Working capital
₹2,249 cr
Current assets
₹12,327 cr
Current liabilities
₹10,077 cr
Delivery %
46.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹258 vs market price ₹402 — price is 56% above it
Safety cushion-55.8%(target ≥ +20%)
Models span ₹186–₹330, midpoint ₹258
Model ₹258
Price ₹402
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹7,968 cr
Other Income₹42 cr
Total Income₹8,011 cr
Cost of Materials₹4,241 cr
Purchases of Stock-in-Trade₹849 cr
Inventory Change (±)₹-186 cr
Employee Benefit Expense₹831 cr
Finance Costs₹94 cr
Depreciation & Amortisation₹381 cr
Other Expenses₹1,378 cr
Total Expenses₹7,588 cr
Exceptional Items₹-27 cr
Profit before Tax₹396 cr
Tax Expense₹104 cr
Share of JV / Associates₹17.5 L
Net Profit₹292 cr
Net margin on total income3.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹4,904 cr61.4%
Employee benefit expense₹831 cr10.4%
Finance costs₹94 cr1.2%
Depreciation & amortisation₹381 cr4.8%
Other expenses₹1,378 cr17.3%
Tax expense₹104 cr1.3%
Profit for the period₹292 cr3.7%
Total income ₹8,011 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue7,336 cr7,398 cr7,968 cr
Total income7,371 cr7,456 cr8,011 cr
Expenses6,753 cr7,012 cr7,588 cr
Profit before tax161 cr468 cr396 cr
Tax-469 cr119 cr104 cr
Net profit (owners' share)631 cr349 cr292 cr
Net margin (owners' share, on revenue)8.6%4.7%3.7%
EPS (₹)9.975.524.62
YoY (latest quarter): total income +16.8% · net profit +13.3%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹32,208 cr
Shareholder equity
₹17,553 cr
parent shareholders
Total debt
₹4,316 cr
Cash
₹973 cr
Cash flow · H1 FY27
Operating
₹264 cr
Investing
₹-1,433 cr
Financing
₹1,108 cr
Peer comparison
Tyres & Rubber Products · by market value
CompanyPriceMarket capP/E
MRF Limited₹1,17,690₹49,901 cr25.2
Balkrishna Industries Limited₹2,191₹42,342 cr23.5
Apollo Tyres Limitedthis company₹396₹25,169 cr17.9
CEAT Limited₹3,331₹13,324 cr30.0
JK Tyre & Industries Limited₹325₹9,373 cr35.5
TVS Srichakra Limited₹4,175₹3,198 cr23.5
Tolins Tyres Limited₹82₹324 cr13.1
Modi Rubber Limited₹115₹289 cr17.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.49%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹2.5
ex 10 Jul 2026
ActionDetailEx-date
Dividend₹2.5 / share10 Jul 2026
Dividend₹3.5 / share10 Feb 2026
Dividend₹5 / share11 Jul 2025
Dividend₹6 / share5 Jul 2024
Dividend₹4 / share14 Jul 2023
Dividend₹0.5 / share14 Jul 2023
Who owns it · 2026-09-30
No pledge
Promoter
36.9%
FII / Foreign
10.1%
DII / Domestic
33.3%
Retail / others
19.3%
Promoter stake down 0.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSunrays Properties & Investment Co. Pvt. Ltd.sUNRAYS P · Promoter Group6.45 L · ₹14.2 cr14 Sep 21
SoldSunrays Properties & Investment Co. Pvt. Ltd.sUNRAYS P · Promoter Group3.25 L · ₹7.0 cr13 Sep 21
SoldSunrays Properties & Investment Co. Pvt. Ltd.sUNRAYS P · Promoter Group1.00 L · ₹2.2 cr9 Sep 21
Bulk / block deals
short— · NSE210 Sep 26
short— · NSE463 Sep 26
BoughtSBI LIFE INSURANCE COMPANY LIMITED · NSE56.32 L @ ₹43527 Aug 26
Stake changes
SoldCatalyst Trusteeship Ltd→ 0.00% · 6.31 cr26 Aug 26
BoughtCatalyst Trusteeship Limited→ 9.93% · 6.31 cr1 Dec 25
SoldCatalyst Trusteeship Limited→ 0.00% · 6.31 cr17 Nov 25
Promoter pledges
InvokedNuvama Wealth Finance Ltd24,000 · 0.00% held30 Jul 26
PledgedGangabase Barte Pvt Ltd1.27 L · 0.23% held17 May 25
ReleasedAxis Finance Ltd1.28 L · 0.24% held13 May 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Oct 2026
See the official result
1
Appointment of Mr. Rajeev Kumar Sinha (DIN: 02625404) as a Whole-Time Director
Backed by 99% of shareholders other than promotersneeded 50%
28.91 cr votes for, 19.17 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 36.9% between them · as of 2026-09-30
SUNRAYS PROPERTIES AND INVESTMENT COMPANY PRIVATE LTD31.85%
CLASSIC INDUSTRIES AND EXPORTS LIMITED2.94%
PTL ENTERPRISES LIMITED1.69%
SHALINI KANWAR CHAND0.31%
NEERAJ KANWAR0.11%
ONKAR KANWAR0.02%
RK ETERNANOVA LTD0.01%
APOLLO GREEN ENERGY LIMITEDno shares
Business done with them
FY2026 · 8 of the group
The company paid ₹716 cr to companies in the promoter group last year — about 2.5% of its ₹28,471 cr revenue and received ₹47 cr back from them.
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Bought goods from them · Disclosure of related party
also owns 2.94% of the company
₹510 cr
company paid
Mr. Neeraj Kanwar
Other payments to them · Disclosure of related party
also owns 0.11% of the company
₹78 cr
company paid
PTL ENTERPRISES LIMITED
Leases As Lessee · Disclosure of related party
also owns 1.69% of the company
₹61 cr
company received
PTL ENTERPRISES LIMITED
Other payments to them · Disclosure of related party
also owns 1.69% of the company
₹61 cr
company paid
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Bought property or assets from them · Disclosure of related party
also owns 2.94% of the company
₹46 cr
company paid
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Sold goods to them · Disclosure of related party
also owns 2.94% of the company
₹39 cr
company received
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Other payments to them · Disclosure of related party
also owns 2.94% of the company
₹15 cr
company paid
Apollo Green Energy Limited
Sold goods to them · Disclosure of related party
₹4 cr
company received
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Other income from them · Disclosure of related party
also owns 2.94% of the company
₹4 cr
company received
ARTEMIS MEDICARE SERVICES LIMITED
Paid them for services · Disclosure of related party
₹3 cr
company paid
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Paid them for services · Disclosure of related party
also owns 2.94% of the company
₹2 cr
company paid
Mr. Onkar Kanwar
Other payments to them · Disclosure of related party
also owns 0.02% of the company
₹76.1 L
company paid
Landmark Farms And Housing Private Limited
Leases As Lessee · Disclosure of related party
₹75 L
company received
ARTEMIS MEDICARE SERVICES LIMITED
Other payments to them · Disclosure of related party
₹32.7 L
company paid
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Leases As Lessor · Disclosure of related party
also owns 2.94% of the company
₹13.7 L
company received
PTL ENTERPRISES LIMITED
Other income from them · Disclosure of related party
also owns 1.69% of the company
₹8.5 L
company received
ARTEMIS MEDICARE SERVICES LIMITED
Other income from them · Disclosure of related party
₹6 L
company received
PTL ENTERPRISES LIMITED
Leases As Lessor · Disclosure of related party
also owns 1.69% of the company
₹4.4 L
company received
ARTEMIS MEDICARE SERVICES LIMITED
Leases As Lessor · Disclosure of related party
₹1.6 L
company received
CLASSIC INDUSTRIES AND EXPORTS LIMITED
Leases As Lessee · Disclosure of related party
also owns 2.94% of the company
₹1.3 L
company received
Indian Institute of Translational Research Private Limited
Leases As Lessor · Disclosure of related party
₹0.2 L
company received
Apollo Green Energy Limited
Other income from them · Disclosure of related party
₹0.1 L
company received

The company also transacted with 30 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.