āagman

Not investment advice. Data and computed figures, for information only.

Apollo Tyres Ltd

NSE: APOLLOTYRE
₹408.85
−₹5.05 (−1.22%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹25,407 Cr
CMP
₹408.85
52-wk High / Low
₹541 / 365
P/E
11.9
P/B
1.5
Book Value
₹263.0
Div Yield
1.50%
ROCE
14.0%
ROE
13.1%
Face Value
₹1
D/E
0.22

Price−15.8% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹358
√(22.5 × EPS × book value per share)
ROIC
12.9%
vs 11.5% sector median
Cash flow to profit
2.67
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−150
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.8%
ROE × earnings retention ratio
ROE stability
2.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −2.06DII +1.49
Latest quarter vs the previous one
Cash-accrual divergence
−8.2%
of assets
Low = accruals track cash flow
Strengths
+Piotroski F-Score of 8/9 is in the strong band (≥7)
+PE of 11.9x is below the sector median of 35.7x
Watch-outs
−Latest ROCE of 14% trails the sector median of 18.5%
−Borrowings are up 137.6% since FY2016 (1547 to 3675)
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 0.4pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6,2456,2806,5956,2586,3356,4376,9286,4246,5616,8317,7437,3367,398
Expenses5,1935,1205,3875,2305,4265,5595,9815,5865,6935,8106,5576,2676,530
Operating Profit1,0511,1601,2081,0289098789478378681,0211,1861,069868
OPM %16.8%18.5%18.3%16.4%14.3%13.6%13.7%13.0%13.2%14.9%15.3%14.6%11.7%
Other Income2213338−10174−91−351−15023−42182
Interest1351331231151071201111091011011009091
Depreciation362360368388370376376377378383385397391
Profit before tax57668072156342339946526038386723162468
Net Profit39747449735430229733718513258471631349
EPS (₹)6.257.477.825.584.764.685.312.910.204.067.419.935.49

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales12,81511,84913,18014,84317,54916,35017,39720,94824,56825,37826,12328,47129,308
Expenses10,8769,84011,31313,17515,57314,39214,57918,35321,23520,90922,52824,30025,164
Operating Profit1,9392,0081,8671,6681,9761,9582,8182,5953,3334,4683,5954,1704,143
OPM %15.1%16.9%14.2%11.2%11.3%12.0%16.2%12.4%13.6%17.6%13.8%14.6%14.1%
Other Income−31110148114−7724−4781186477−80−900−466
Interest189101118177199300463465551527470419382
Depreciation3884274625938131,1381,3151,4001,4191,4781,4981,5431,556
Profit before tax1,3311,5911,4361,0128885435618481,4272,5401,5471,3091,739
Net Profit9781,1231,0997246804763506391,0461,7221,1211,3721,708
EPS (₹)19.2122.0621.5912.6511.888.335.5110.0616.4727.1117.6621.6126.89

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,6451,4122,1229021,7201,0712,5172,4472,1542,1373,4401,8233,667
Cash from Investing Activity−119−796−2,226−3,368−3,891−1,027−2,817−2,342−1,172−478−704−205−1,344
Cash from Financing Activity−1,208−684−2551,8952,321−62472152−1,081−1,692−2,659−1,647−2,177
Net Cash Flow319−68−358−571150−18173257−100−3476−28146

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %26.026.023.016.09.09.05.09.07.010.016.011.014.0
ROE %————————————13.1
EPS (₹)19.9419.2122.0621.5912.6511.888.335.5110.0616.4727.1117.6621.61
Book Value (₹)————————————263.0
Face Value (₹)————————————1
P/E————————————11.9
Div Yield %————————————1.50
NPM %7.57.79.48.24.83.92.92.13.04.26.84.35.0
OPM %14.015.017.014.011.011.012.016.012.014.018.014.015.0
D/E0.350.220.230.470.480.510.680.640.600.510.350.300.22
P/B————————————1.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+9.0%
5 years+10.0%
3 years+5.0%
TTM+11.0%
Compounded profit growth
10 years+7.0%
5 years+24.0%
3 years+26.0%
TTM+73.0%
Stock price CAGR
10 years+6.0%
5 years+11.0%
3 years+2.0%
Last year−18.0%
Return on equity
10 years9.0%
5 years10.0%
3 years12.0%
Last year13.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters44.15%44.15%40.32%40.90%40.90%37.31%37.34%37.34%37.36%37.36%36.93%36.93%
FIIs31.16%31.16%24.34%19.35%22.89%24.27%19.43%22.35%18.16%13.43%12.15%10.09%
DIIs8.29%8.29%19.97%21.87%17.06%11.54%18.55%17.78%21.99%26.51%27.56%29.05%
Government1.96%1.96%1.75%1.75%1.75%1.57%1.57%1.57%1.57%1.57%1.57%1.57%
Public14.44%14.44%13.61%16.13%17.40%25.30%23.10%20.94%20.93%21.13%21.38%21.97%
No. of shareholders1,35,5391,35,5391,33,7361,65,1481,93,2962,37,5033,28,1792,82,6493,72,3724,27,2484,08,7044,26,532
Change since Jun 2023 (pp)
Promoters −7.22FIIs −21.07DIIs +20.76Public +7.53

Documents

As of 11 Oct 2026
Announcements
Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotShareholder Meeting / Postal Ballot-Scrutinizer"s ReportCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Change in Management
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTAug 2025TranscriptAug 2025PPT

Corporate actions

As of 10 Jul 2026
10 Jul 2026DIVIDENDDividend - Rs2.50 Per Share—
10 Feb 2026DIVIDENDInterim Dividend - Rs 3.50 Per Share—
11 Jul 2025DIVIDENDDividend - Rs 5 Per Share—
5 Jul 2024DIVIDENDDividend - Rs 6 Per Share—
14 Jul 2023DIVIDENDDividend - Rs 4 Per Share/ Special Dividend - Re 0.50 Per Share—
16 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3.25 Per Share—
15 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 3.50 Per Share—
4 Mar 2020DIVIDEND Interim Dividend - Rs 3 Per Share—
23 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 3.25 Per Share—
18 Jul 2018DIVIDEND Dividend-Rs 3 Per Share—
27 Jun 2017DIVIDEND Annual General Meeting/Dividend - Rs 3/- Per Share—
1 Aug 2016DIVIDEND Annual General Meeting/ Dividend - Rs 2/- Per Share—
4 Aug 2015DIVIDENDAnnual General Meeting/ Dividend - Rs 2/- Per Share—
17 Jul 2014DIVIDENDAnnual General Meeting And Dividend Re.0.75 Per Share—
18 Jul 2013DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
30 Jul 2012DIVIDENDAnnual General Meeting/Dividend Re 0.50 Per Share—
26 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
14 Jul 2010DIVIDENDAnnual General Meeting And Dividend Re.0.75 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman