On 6 Nov 2026, Apollo Tyres was priced at ₹415.95, or 15.1× trailing earnings, against an industry P/E of 25.6×, and the shares are 23% below their 52-week high. Sales and net profit grew 5.4% and 9.5% a year over 3 years; its ROCE of 8.0% is the lowest among the 7 largest Auto Parts peers. Debt is 0.31× equity, and its dividend yield is 1.4%. It is a small-cap company with a market cap of ₹26,312 Cr, ranked 15th of 140 Auto Parts companies by market cap; the shares fell 20% over the past year.
- ₹415.75
- ₹417.20
- ₹408.00
- ₹418.85
- 7.8 L
Health check
- ReturnsBehind
−19.8% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 15.1 vs industry 25.6.
- GrowthSlow
Sales +5.4%, profit +9.5% a year over 3 years.
- ProfitabilityWeak
ROCE 8.0% vs peer median 15.6%.
- Balance sheetFair
Debt 0.31× equity, interest covered 4.4×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹26,312 Cr
- Small cap
- P/E
- 15.1
- Industry 25.6
- Price to book
- 1.50
- Peers 8.75
- Dividend yield
- 1.44%
- ROE
- 10.5%
- Peers 12.3%
- ROCE
- 8.0%
- Peers 15.6%
- Debt to equity
- 0.31
- Debt ₹5,513 Cr
- EPS (TTM)
- ₹27.54
- Face value ₹1
- OPM (TTM)
- 11.7%
- Net margin 5.7%
- Sales growth
- +16.6%
- Latest quarter vs a year ago
- Profit growth
- +13.3%
- Latest quarter vs a year ago
- Price to sales
- 0.86
- EV/EBITDA 8.7
Strengths and risks
Strengths
- Quarterly sales up 16.6% on a year ago.
- P/E of 15.1 against an industry P/E of 25.6.
- Positive operating cash flow in each of the last 4 years.
About Apollo Tyres
Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. It offers tires for commercial and passenger vehicles, two-wheelers, trucks and buses, off-highway vehicles, light trucks, earthmovers, and bicycles, as well as for agricultural, farm, and industrial applications. The company provides its products under the Apollo Tyres and Vredestein Tyres brands. Apollo Tyres Limited was incorporated in 1972 and…
- Headquarters
- Gurugram
- Employees
- 17,118
- Sector
- Consumer Cyclical
- ISIN
- INE438A01022
- Website
- apollotyres.com
Price range
- Avg volume (3M)
- 8.3 L
- 1-year return
- minus 19.8%
- From 52-week high
- minus 23.0%
Analyst consensus
Next results expected around 3 Feb 2027
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| APOLLOTYREApollo Tyres | 415.95 | minus 0.69% | 26,312 | 15.1 | 1.50 | 8.0% | 10.5% | 11.7% | 5.4% | 9.5% | 1.44% | minus 19.8% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 6,831 | 7,743 | 7,336 | 7,398 | 7,968 | |
| 5,810 | 6,557 | 6,688 | 6,530 | 7,113 | |
| 1,021 | 1,186 | 648 | 868 | 855 | |
| 14.9% | 15.3% | 8.8% | 11.7% | 10.7% | |
| 29.8 | 49.7 | 456 | 58.4 | 42.5 | |
| 101 | 100 | 89.8 | 91.5 | 94.2 | |
| 383 | 385 | 397 | 391 | 381 | |
| −180 | −27.1 | −456 | 23.5 | −26.9 | |
| 386 | 723 | 162 | 468 | 396 | |
| 33.2% | 34.9% | −290.3% | 25.4% | 26.2% | |
| 258 | 471 | 631 | 349 | 292 | |
| 4.07 | 7.43 | 9.97 | 5.52 | 4.62 |
Profit & loss
- Sales CAGR 3Y
- +5.4%
- Profit CAGR 3Y
- +9.5%
- EPS CAGR 3Y
- +9.5%
- ROE
- 10.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24,122 | 25,020 | 25,781 | 28,214 | |
| – | +3.7% | +3.0% | +9.4% | |
| 20,788 | 20,552 | 22,186 | 24,974 | |
| 3,334 | 4,468 | 3,595 | 3,240 | |
| 13.8% | 17.9% | 13.9% | 11.5% | |
| 1.8 | 111 | 38.4 | 1,057 | |
| 516 | 495 | 433 | 388 | |
| 1,419 | 1,478 | 1,498 | 1,543 | |
| 26.6 | −65.8 | −156 | −1,057 | |
| 1,427 | 2,540 | 1,547 | 1,309 | |
| 26.7% | 32.2% | 27.5% | −4.8% | |
| 1,046 | 1,722 | 1,121 | 1,372 | |
| – | +64.6% | minus 34.9% | +22.4% | |
| 16.47 | 27.11 | 17.66 | 21.65 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 63.5 | 63.5 | 63.5 | 63.5 | |
| 12,515 | 13,839 | 14,702 | 16,652 | |
| 6,421 | 4,905 | 4,410 | 3,675 | |
| 8,354 | 8,150 | 8,130 | 8,849 | |
| 27,353 | 26,957 | 27,306 | 29,240 | |
| 16,885 | 16,338 | 15,876 | 16,440 | |
| 199 | 283 | 325 | 918 | |
| 29.1 | 32.9 | 39.1 | 55.6 | |
| 1,239 | 1,405 | 889 | 1,105 | |
| 9,001 | 8,898 | 10,177 | 10,721 | |
| 27,353 | 26,957 | 27,306 | 29,240 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,137 | 3,440 | 1,823 | 3,667 | |
| −478 | −711 | −202 | −1,341 | |
| −1,692 | −2,659 | −1,647 | −2,177 | |
| −33.6 | 69.8 | −25.7 | 149 | |
| −777 | −730 | −769 | −1,403 | |
| 1,360 | 2,709 | 1,055 | 2,264 | |
| −206 | −286 | −381 | −539 |
Shareholding pattern
- Promoters36.93%
- Public62.67%
- Employee trusts0.40%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 36.93% | 62.67% | 0.00 | |
| 30 Jun 2026 | 36.93% | 62.67% | 0.00 | |
| 31 Mar 2026 | 36.93% | 62.67% | 0.00 | |
| 31 Dec 2025 | 36.93% | 62.79% | minus 0.02 | |
| 30 Sep 2025 | 36.95% | 62.78% | – |
Major shareholders
Filings & events
News
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