Apollo Tyres Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Apollo Tyres Limited, situated in Gurgaon, India, is an Indian tire maker. It has five creation plants arranged in Kerala, Chennai, Andhra Pradesh and Gujarat; in addition to two further plants found abroad. Laid out in 1972, the Apollo Tyres Limited organization utilizes in excess of 18000 individuals and is at present under the chairmanship of Omkar Kanwar. The organization Apollo which was begun in year 1972 makes programmed predisposition and outspread Tyres . It has factories in Pune, Chennai, Kochi, Vadodara, and Pune.

Apollo Tyres Share Price Target 2024-2030

Indian tire manufacturer Apollo Tyres Limited has its headquarters in Gurgaon, India. It has two manufacturing facilities outside of India and five manufacturing facilities in Kerala, Chennai, Andhra Pradesh, and Gujarat. Established in 1972, Apollo Tyres Limited Organization utilizes north of 18,000 individuals and Omkar Kanwar is its Director. The Apollo Tyre NSE stock has reached its all-time high of Rs 557.90 per share since its initial public offering in 1975 for investors. This brand-new market for Apollo Tyres has emerged as a result of the expanding EV market in India.

Apollo Tyres Share Price Target Today Update

Putting resources into stocks requires informed decisions dependent absolutely upon exhaustive investigations and expert evaluation. If you’re considering Apollo Tyres shares, you’ve come to the right place. From 2024 to 2030, this blog will provide precise information regarding the Apollo Tyres percent charge goal. Our assessment is fundamentally put together most certainly absolutely with respect to the business endeavor venture’s increment, generally speaking execution, and fate prospects, ensuring you have were given the insights you really want to settle on a legitimate financing decision.

What Is Apollo Tyres Limited?

The multinational Tyres manufacturing company Apollo Tyres Limited is based in Gurgaon, India. Established in 1972, Apollo Tyres has establishment itself as a great tire producer with a global presence. The company makes tires for a variety of vehicles, including passenger cars, vans, and four-wheelers. With strong financial health and promising future opportunities, Apollo Tyres is a prominent player in the tire manufacturing industry. In light of our expert examination, Apollo Tyres shares are anticipated to perform appropriately inside the next few years.

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Apollo Tyres Business Profile

The company owns two tyres brands: Vredestein and Apollo. The tyres under the Apollo brand essentially take special care of the necessities of clients in India and its adjoining nations while Vredestein targets Europe where it has been in presence for north of 100 years and positioned among top tire makers around the world.

• Distribution Network: Its circulation network comprises of ~6,700 sellers across India and ~7,000 vendors across the Europe. It has increased its presence in rural India; in just three quarters, it increased its stores in rural areas from 1,300 in FY20 to 5,300.
• Manufacturing Capabilities: The business owns and operates five manufacturing facilities in India, as well as two European manufacturing facilities in the Netherlands and Hungary. In Europe, it has a total limit of 10 million tires yearly while in India it has a complete limit of 63 million tires every year.
• Revenue Distribution: In terms of where the money comes from, APMEA Region (Asia Pacific, Middle East) has contributed 72% of the company’s total revenue, while EA Region (Europe and the Americas) contributed 28% just last year. In India, Apollo tyres has a retail organization of 5000 in number. In addition to other things that deserve it many honors like Asia Dependable Business venture Grant.

Apollo Tyres Fundamentals & Quarterly Results

Metric	Value
Market Cap	₹ 30,834 Cr.
Current Price	₹ 486
High / Low	₹ 568 / 365
Stock P/E	18.2
Book Value	₹ 219
Dividend Yield	1.23 %
ROCE	16.4 %
ROE	13.2 %
Face Value	₹ 1.00
FCF Prev Ann	₹ 1,374 Cr.
Debt to equity	0.35
Debt preceding year	₹ 6,421 Cr.
Reserves	₹ 13,839 Cr.
Quick ratio	0.61
Current ratio	1.21
Free Cash Flow	₹ 2,766 Cr.

Apollo Tyres Quarterly Results

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales +	5,942	5,956	6,423	6,247	6,245	6,280	6,595	6,258	6,335
Expenses +	5,252	5,244	5,509	5,249	5,193	5,120	5,387	5,230	5,426
Operating Profit	690	712	913	998	1,051	1,160	1,208	1,028	909
OPM %	12%	12%	14%	16%	17%	18%	18%	16%	14%
Other Income +	11	7	7	40	22	13	3	38	-10
Interest	118	132	142	139	135	133	123	115	107
Depreciation	344	349	354	372	362	360	368	388	370
Profit Before Tax	238	238	424	527	576	680	721	563	423
Tax %	20%	25%	31%	22%	31%	30%	31%	37%	29%
Net Profit +	191	179	292	410	397	474	497	354	302
EPS in Rs	3.00	2.82	4.60	6.46	6.25	7.47	7.82	5.58	4.76

CAGR Report

	10 Years	5 Years	3 Years	TTM / 1 Year
Compounded Sales Growth	7%	8%	13%	2%
Compounded Profit Growth	5%	16%	35%	34%
Stock Price CAGR	12%	24%	29%	22%
Return on Equity	10%	8%	9%	13%

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Apollo Tyres Shareholding Pattern

Category	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters	40.32%	40.90%	40.90%	37.31%	37.34%	37.34%	37.36%	37.36%
FIIs	24.34%	19.35%	22.89%	24.27%	19.43%	22.35%	18.16%	14.46%
DIIs	19.97%	21.87%	17.06%	11.54%	18.55%	17.78%	21.99%	25.12%
Government	1.75%	1.75%	1.75%	1.57%	1.57%	1.57%	1.57%	1.57%
Public	13.61%	16.13%	17.40%	25.30%	23.10%	20.94%	20.93%	21.48%
No. of Shareholders	1,33,736	1,65,148	1,93,296	2,37,503	3,28,179	2,82,649	3,72,372	4,24,206

Apollo Tyres Share Price Target 2024-2030

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹639.24	₹755.9	₹825.91
2025	₹842	₹792	₹946
2026	₹965	₹908	₹1083
2027	₹1105	₹1039	₹1240
2028	₹1265	₹1189	₹1419
2029	₹1447	₹1361	₹1625
2030	₹1658	₹1558	₹1859

Apollo Tyres Share Price Target 2025

Month	Target
January	₹842
February	₹859
March	₹876
April	₹847
May	₹819
June	₹792
July	₹824
August	₹857
September	₹891
October	₹909
November	₹927
December	₹946

Apollo Tyres Share Price Target 2026

Month	Target
January	₹965
February	₹984
March	₹1004
April	₹971
May	₹939
June	₹908
July	₹944
August	₹982
September	₹1021
October	₹1041
November	₹1062
December	₹1083

Apollo Tyres Share Price Target 2027

Month	Target
January	₹1105
February	₹1127
March	₹1150
April	₹1112
May	₹1075
June	₹1039
July	₹1081
August	₹1124
September	₹1169
October	₹1192
November	₹1216
December	₹1240

Apollo Tyres Share Price Target 2028

Month	Target
January	₹1265
February	₹1290
March	₹1316
April	₹1272
May	₹1230
June	₹1189
July	₹1237
August	₹1286
September	₹1337
October	₹1364
November	₹1391
December	₹1419

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Apollo Tyres Share Price Target 2029

Month	Target
January	₹1447
February	₹1476
March	₹1506
April	₹1456
May	₹1408
June	₹1361
July	₹1415
August	₹1472
September	₹1531
October	₹1562
November	₹1593
December	₹1625

Apollo Tyres Share Price Target 2030

Month	Target
January	₹1658
February	₹1691
March	₹1725
April	₹1668
May	₹1612
June	₹1558
July	₹1620
August	₹1685
September	₹1752
October	₹1787
November	₹1823
December	₹1859

Points Before Investing in Apollo Tyres Stock

• The Tyre Market in India is one of the most serious market enterprises to break. As far as Market Capitalisation, Balakrishnan Tires has the lead over others however MRF Tyres holds the edge on generally producing volume in the Indian market. Apollo Tyres is on its way to consolidating its position among the top three in India.
• At this point, Apollo Tires is third on the rundown of the most significant tire producing organizations in India with a cap of 29,856 crores.
• According to the Tyres manufacturer, Apollo Tyres was the first company in India to introduce an electric vehicle tire with a five-star rating.
• The EV tire Industry is simply going to get overflowed with request and Apollo Tire Restricted will profit from being one of the main three makers of tires in India.
• Apollo Tyres Income saw an irrelevant potential gain development of 2.68% (YOY) in Q4FY24, to Rs 65.95 Billion. Be that as it may, the EBITDA and Net gain of Apollo Tyres Limited detailed strong development of 35.34% YOY and 70.02% YOY in the final quarter of FY 2024. This demonstrates the company’s effective operational management and steady growth.

Final Words

Apollo Tyres Share Price History recommends to us an exceptionally consistent and safe investment opportunity for financial backers on the Public Stock Trade with a positive direction for the majority of the long term exchanging venture. APOLLOTYRE NSE stock has provided investors with a return on investment of 7,019% since January 1, 1999 on the stock exchange, despite some of the significant drawbacks. The most recent five years for the Apollo Tyres Share Price on the stock trade mirror a controlled and positive direction of the stock.