Arthneeti

Apollo Tyres Q1 FY27 Share Price & Earnings Call Analysis

₹386.35-0.19% today
Market cap
₹24,528 Cr
P/E
11.49
ROE
13.07%
PEG
0.43
Price to sales
0.86
Debt to equity
0.22
52W high / low
₹537 / ₹372
Sales growth (5Y)
10.35%
EBITDA margin
14.14%
Net profit margin
7.23%
Promoter holding
36.93%
Sales (last year)
₹29,308 Cr

Apollo, established in 1972, manufactures automatic bias and radial tyres, and tubes. It has plants in Kochi, Vadodara, Pune, and Chennai. The product profile includes prominent tyre brands in the T&B, light truck, passenger car, and farm vehicle segments in India, catering to both original equipment manufacturers, and the replacement market. [1]

Guidance scorecard · Q1 FY27 call

What Apollo Tyres Ltd's management guided
and where it ranks in Auto Components

#47of 66 in
Auto Components
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%

Ask what Apollo Tyres Ltd said on revenue →

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Apollo Tyres Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • CapEx for Q1 FY27 was INR 650 crores at consolidated level; net debt-to-EBITDA was 0.4 (absolute net debt ~INR 1,700 crores).
  • India CapEx in Q1 was INR 500 crores, significantly higher than previous annual levels (INR 1200-1300 crores).
  • CapEx is ongoing with expectations of increase in Q2 and Q3.
  • Full-year CapEx guidance exceeds INR 3,000 crores; company anticipates becoming a net borrower and slight increase in net debt-to-EBITDA ratio.
  • Hungary plant capacity expansion underway; ramp-up in H2 FY27, increasing passenger car tyre capacity from 17,000 to 21,000 units.
  • India capacity expansion to start end of this year, with further ramp-up planned through FY28.

2 more points from Apollo Tyres Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

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Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Demand remains healthy across categories and channels, with a strong start in July, indicating positive order momentum into Q2.
  • The company is experiencing mid- to high-teens growth in key product categories.
  • OEM price increase dialogues are ongoing, with some price increases beginning to flow from Q2, suggesting active order negotiations with OEMs.

2 more points from Apollo Tyres Ltd's call on the order book

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Full Q1 FY27 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Apollo Tyres Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

Sign up free to see every company in the sector ranking and track Apollo Tyres Ltd.

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Financials of Apollo Tyres Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Apollo Tyres Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +6,2476,2456,2806,5956,2586,3356,4376,9286,4246,5616,8317,7437,336
Expenses +5,2495,1935,1205,3875,2305,4265,5595,9815,5865,6935,8106,5576,267
Operating Profit9981,0511,1601,2081,0289098789478378681,0211,1861,069
OPM %16%17%18%18%16%14%14%14%13%13%15%15%15%
Other Income +402213338-10174-91-351-15023-421
Interest13913513312311510712011110910110110090
Depreciation372362360368388370376376377378383385397
Profit before tax52757668072156342339946526038386723162
Tax %22%31%30%31%37%29%25%27%29%66%33%35%-290%
Net Profit +41039747449735430229733718513258471631
EPS in Rs6.466.257.477.825.584.764.685.312.910.204.067.419.93

Financials of Apollo Tyres Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +12,81511,84913,18014,84317,54916,35017,39720,94824,56825,37826,12328,471
Expenses +10,8769,84011,31313,17515,57314,39214,57918,35321,23520,90922,52824,327
Operating Profit1,9392,0081,8671,6681,9761,9582,8182,5953,3334,4683,5954,143
OPM %15%17%14%11%11%12%16%12%14%18%14%15%
Other Income +-31110148114-7724-4781186477-80-900
Interest189101118177199300463465551527470392
Depreciation3884274625938131,1381,3151,4001,4191,4781,4981,543
Profit before tax1,3311,5911,4361,0128885435618481,4272,5401,5471,309
Tax %27%29%23%28%23%12%38%25%27%32%28%-5%
Net Profit +9781,1231,0997246804763506391,0461,7221,1211,372
EPS in Rs19.2122.0621.5912.6511.888.335.5110.0616.4727.1117.6621.61
Dividend Payout %10%9%14%24%27%36%63%32%27%22%28%28%

Financials of Apollo Tyres Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital515151575757646464646464
Reserves4,9916,5547,2399,7199,9839,87311,38011,68912,51513,83914,70216,652
Borrowings +1,1061,5473,4374,6615,1116,7647,3347,0616,4214,9054,4103,675
Other Liabilities +2,4513,4424,5075,6205,0006,5127,0408,2288,2828,0688,0518,849
Total Liabilities8,60011,59415,23320,05820,15123,20525,81627,04127,28126,87527,22729,240
Fixed Assets +4,3825,2146,69210,40311,75415,44816,42017,59117,65317,00616,41116,646
CWIP2189942,9152,3041,5391,6421,107618253348435918
Investments1015063961,3426191104814365324562
Other Assets +3,8994,8805,2306,0086,8526,0968,1818,3508,9408,98910,33511,614
Total Assets8,60011,59415,23320,05820,15123,20525,81627,04127,28126,87527,22729,240

Financials of Apollo Tyres Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,4122,1229021,7201,0712,5172,4472,1542,1373,4401,8233,667
Cash from Investing Activity +-796-2,226-3,368-3,891-1,027-2,817-2,342-1,172-478-704-202-1,341
Cash from Financing Activity +-684-2551,8952,321-62472152-1,081-1,692-2,659-1,647-2,177
Net Cash Flow-68-358-571150-18173257-100-3476-25149
Free Cash Flow781507-2,361-1,348-1,203-2881,2913371,3742,7661,0932,312
CFO/OP88%125%66%118%65%133%94%88%71%86%62%99%

Financials of Apollo Tyres Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days273331352721293637384341
Inventory Days92119140128125129129122110113127128
Days Payable469592106749310910485737176
Cash Conversion Cycle735880577857495463799993
Working Capital Days142-5-020-22-27-23-682220
ROCE %26%23%16%9%9%5%9%7%10%16%11%14%

Guidance history

How Apollo Tyres Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

20out of 100

Momentum score · price trend

20 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−23.6%32%
Last 6 months−5.4%44%
Last 3 months−8.7%44%

The price is 29.8% below its all-time high of ₹550.4 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 39 became 20.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Apollo Tyres Ltd: 0.4 × 32 + 0.4 × 44 + 0.2 × 44 = 39, halved to 20 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Apollo Tyres Ltd's management said in earlier quarters

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