Apollo Tyres Ltd
NSE: APOLLOTYRE · Tyres & Rubber Products · sector
₹386.85NSE close 2026-10-26
Key numbers
Market cap₹24,569 cr
Price₹386.85
52w high / low₹540 / ₹365
P/E14.3xSector median 20.0x
P/B1.5xSector median 2.4x
Book value₹263.2
Dividend yield2.20%Sector median 0.98%
ROE10.8%Sector median 9.0%
ROCE11.0%Sector median 11.2%
OPM11.9%Sector median 5.6%
Debt / equity0.16xSector median 0.37x
EV/EBITDA7.5xSector median 14.4x
Interest cover5.5x
Current ratio1.32x
Sales growth 3y+5.0%Sector median +3.7%
Profit growth 3y+7.5%Sector median +13.1%
PEG1.89x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 17 companies in Tyres & Rubber Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,044 cr vs borrowings ₹2,632 cr (FY26): borrowings are higher by ₹1,588 cr.
- Borrowings fell in each of the last 3 years (₹5,588 cr → ₹2,632 cr).
- Operating profit covered interest 5.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹386.85 on 2026-10-26: -28.4% from the 52-week high, +5.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹547.85 · low ₹375.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,437 | 6,928 | 6,424 | 6,561 | 6,831 | 7,743 | 7,336 | 7,398 |
| EBITDA | 873 | 943 | 719 | 498 | 841 | 1,159 | 613 | 892 |
| OPM % | 13.6% | 13.6% | 11.2% | 7.6% | 12.3% | 15.0% | 8.4% | 12.1% |
| Other income | 22 | 8 | 28 | 19 | 30 | 50 | 35 | 58 |
| Net profit | 297 | 337 | 185 | 13 | 258 | 471 | 631 | 349 |
| EPS (₹) | 4.68 | 5.31 | 2.91 | 0.20 | 4.07 | 7.43 | 9.97 | 5.52 |
| Revenue YoY | +6.1% | +11.8% | +14.2% | +12.8% | ||||
| Profit YoY | -13.2% | +39.5% | +241.8% | +2,608.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 20,948 | 24,568 | 25,378 | 26,123 | 28,471 | 29,308 |
| EBITDA | 2,568 | 3,336 | 4,370 | 3,403 | 3,110 | 3,504 |
| Net profit | 639 | 1,105 | 1,722 | 1,121 | 1,372 | 1,708 |
| EPS (₹) | 10.06 | 17.39 | 27.11 | 17.66 | 21.66 | 26.99 |
| Revenue growth | +17.3% | +3.3% | +2.9% | +9.0% | +11.2% | |
| Profit growth | +73.0% | +55.9% | -34.9% | +22.4% | +105.3% | |
| Dividend / share (₹) | 3.50 | 3.25 | 4.00 | 6.00 | 8.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.0% | +10.4% | +11.2% |
| Net profit | +7.5% | +31.4% | +105.3% |
| EPS | +7.6% | +30.7% | – |
| Share price | – | -10.4% (2y) | -20.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 12,878 | 13,902 | 14,766 | 16,715 |
| Borrowings | – | 5,588 | 3,942 | 3,377 | 2,632 |
| Cash & equivalents | – | 1,248 | 1,416 | 898 | 1,044 |
| Total assets | – | 27,359 | 26,957 | 27,306 | 29,240 |
| Fixed assets | – | 16,685 | 15,141 | 14,576 | 14,547 |
| Capital work in progress | – | 199 | 283 | 325 | 918 |
| Investments | – | 29 | 33 | 39 | 56 |
| Receivables | – | 2,489 | 2,665 | 3,062 | 3,191 |
| Inventory | – | 4,428 | 4,246 | 5,131 | 5,452 |
| Payables | – | 3,354 | 2,979 | 2,874 | 3,224 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 2,239 | 2,134 | 3,440 | 1,823 | 3,667 |
| Cash from investing | -1,181 | -476 | -711 | -202 | -1,341 |
| Cash from financing | -1,175 | -1,692 | -2,659 | -1,647 | -2,177 |
| Capex | 1,846 | 775 | 730 | 769 | 1,403 |
| Free cash flow | 393 | 1,360 | 2,709 | 1,055 | 2,264 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.6% | 12.4% | 7.6% | 8.2% |
| ROCE % | – | 10.6% | 17.1% | 11.0% | 8.8% |
| Debtor days | – | 37 | 38 | 43 | 41 |
| Inventory days | – | 110 | 113 | 127 | 128 |
| Payable days | – | 84 | 80 | 71 | 76 |
| Cash conversion cycle (days) | – | 63 | 71 | 99 | 93 |
| Working capital days | – | 13 | 29 | 34 | 34 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 36.93% |
| FIIs | 10.08% |
| DIIs | 33.34% |
| of which Mutual funds | 21.87% |
| of which Insurance | 10.99% |
| Government | 1.57% |
| Public (non-institutions) | 17.68% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 37.36% | 37.36% | 36.95% | 36.95% | 36.93% | 36.93% | 36.93% | 36.93% |
| Promoter group | % |
|---|---|
| Sunrays Properties and Investment Company Private Ltd | 31.85% |
| Classic Industries and Exports Limited | 2.94% |
| PTL Enterprises Limited | 1.69% |
| Shalini Kanwar Chand | 0.31% |
| Neeraj Kanwar | 0.11% |
| Onkar Kanwar | 0.02% |
| RK Eternanova Ltd | 0.01% |
| Raaja R S Kanwar | 0.00% |
| Taru Kanwar | 0.00% |
| Global Capital Ltd | 0.00% |
| Apollo Green Energy Limited | 0.00% |
| Landmark Farms and Housing Private Ltd | 0.00% |
| Polar Energy and Infratech PVT Ltd | 0.00% |
| Fortune Peopmart PVT Ltd | 0.00% |
| Leto Realtors PVT Ltd | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Fund - HDFC BSE 500 ETF | 9.26% |
| Lici NEW Endowment Plus-growth Fund | 6.57% |
| Emerald Sage Investment Ltd | 5.67% |
| Kotak Large CAP Fund | 4.86% |
| ICICI Prudential Aggressive Hybrid Fund | 4.82% |
| Custodian | 2.93% |
| Custodian A/C - Ashwin Shantilal Mehta | 2.13% |
| DSP India T.i.g.e.r. Fund | 1.28% |
| SBI Life Insurance Co. Ltd | 1.08% |
4,20,920 shareholders. Pledged: 0.00% of promoter shares.
Peers in Tyres & Rubber Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MRF | ₹49,769 cr | 20.6x | 2.4x | 12.2% | 15.2% | 14.9% | +10.6% | 0.20% |
| BALKRISIND | ₹40,775 cr | 29.0x | 3.7x | 14.4% | 13.2% | 22.0% | +3.5% | 0.76% |
| APOLLOTYRE | ₹24,569 cr | 14.3x | 1.5x | 10.8% | 11.0% | 11.9% | +5.0% | 2.20% |
| CEATLTD | ₹12,479 cr | 24.4x | 2.5x | 9.0% | 13.4% | 10.8% | +11.5% | 0.98% |
| JKTYRE | ₹8,661 cr | 13.0x | 1.4x | 11.9% | 12.0% | 10.6% | +3.7% | 0.95% |
| TVSSRICHAK | ₹3,167 cr | 34.3x | 2.7x | 7.2% | 9.0% | 7.6% | +6.9% | 0.40% |
| GOODYEAR | ₹1,515 cr | 28.1x | 2.5x | 8.9% | 13.1% | 4.2% | -5.4% | 3.64% |
| MEGAMONT | ₹446 cr | 49.8x | 13.2x | 55.7% | 17.8% | 1.1% | – | – |
| TOLINS | ₹315 cr | 9.7x | 0.9x | 9.5% | 11.2% | 13.7% | – | – |
| MODIRUBBER | ₹271 cr | – | 0.4x | 0.0% | -2.0% | -73.7% | +86.0% | 1.56% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| APMEA | ₹20,206 cr | 63.2% | ₹2,129 cr | 10.5% |
| Europe | ₹8,856 cr | 27.7% | ₹554 cr | 6.3% |
| Others | ₹2,908 cr | 9.1% | ₹51 cr | 1.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-10 | Dividend | Dividend - Rs2.50 Per Share |
| 2026-02-10 | Dividend | Interim Dividend - Rs 3.50 Per Share |
| 2025-07-11 | Dividend | Dividend - Rs 5 Per Share |
| 2024-07-05 | Dividend | Dividend - Rs 6 Per Share |
| 2023-07-14 | Dividend | Dividend - Rs 4 Per Share/ Special Dividend - Re 0.50 Per Share |
| 2022-06-16 | Dividend | Annual General Meeting/Dividend - Rs 3.25 Per Share |
| 2021-07-15 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2020-08-12 | Other | Annual General Meeting |
| 2020-03-04 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-07-23 | Dividend | Annual General Meeting/ Dividend - Rs 3.25 Per Share |
| 2018-07-18 | Dividend | Dividend-Rs 3 Per Share |
| 2017-06-27 | Dividend | Annual General Meeting/Dividend - Rs 3/- Per Share |
| 2016-08-01 | Dividend | Annual General Meeting/ Dividend - Rs 2/- Per Share |
| 2015-08-04 | Dividend | Annual General Meeting/ Dividend - Rs 2/- Per Share |
| 2014-07-17 | Dividend | Annual General Meeting And Dividend Re.0.75 Per Share |
| 2013-07-18 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2012-07-30 | Dividend | Annual General Meeting/Dividend Re 0.50 Per Share |
| 2011-07-26 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2010-07-14 | Dividend | Annual General Meeting And Dividend Re.0.75 Per Share |
| 2009-06-29 | Other | Agm/Div-Re0.45 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Tyres, tubes, and flaps
| Sector | Consumer Discretionary |
| Industry | Tyres & Rubber Products |
| Sub-industry | Tyres & Rubber Products |
| Symbol | APOLLOTYRE |
| BSE code | 500877 |
| ISIN | INE438A01022 |
| Face value | ₹1.0 |
| Incorporated | 1972-09-28 |
| Website | www.apollotyres.com |
| Plants (India / abroad) | 5 / 2 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.