Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Oct - Copy of newspaper publication regarding Re-lodgement of transfer requests of physical shares.
Source: Bse
Apollo Tyres Limited (APOLLOTYRE)
Large CapAuto stocks · Large cap · NSE
Apollo Tyres Ltd. is an Indian tire manufacturer with significant operations in India and Europe. The company produces a range of tires for passenger vehicles, trucks, buses, farm, and light commercial vehicles, focusing on both OEM and replacement markets.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result06 Aug, 11:22 pm IST
Score22 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
41NeutralSMA20 -5.4% / mo · MACD + · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 41
Sector RS: 42
Sector 3M: -9.6% vs Nifty 500 -5.9%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
APOLLOTYRED candles · FIT view-4.3%Latest close ₹410.05 on 2026-10-21
Bar
-1.2%
RSI
50
MACD hist
2.35
52W pos
26%
2026-10-21O ₹415.00H ₹416.10L ₹403.05C ₹410.05Vol 6.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
APOLLOTYRENifty AutoNifty 500
- APOLLOTYRE
- -4.3%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- +2.2 pp
Chart stats
21 Oct 2026- From 52W high
- -24.1%
- 52W range position
- 26%
- ATR (14)
- 2.9%
- Volume vs 20D
- 0.77x
- Avg traded value
- ₹32.8 Cr
- 20D price channel
- ₹386.3 - ₹438.5
₹540.5
₹365.3 - ₹540.5
₹11.8
Latest completed session
20-session average
27.8% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED67
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good57
Revenue +12.8% · PAT +2584.6% YoY
Technical
Neutral41
Price trend and sector-relative-strength timing.
Valuation
Legacy model+60.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 57/100Rev +13% YoY · PAT +2585% YoY · operating leverage · margin compression
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹7,398 Cr | +12.8% | +0.8% |
| EBITDA | ₹868 Cr | +0.0% | -18.8% |
| Operating margin | 12.0% | -100 bps | -300 bps |
| PAT | ₹349 Cr | +2584.6% | -44.7% |
| PAT margin | 4.7% | +452 bps | -388 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.40
- P/B
- 1.59
- EV/EBITDA
- 5.29
- Market Cap
- 26468.00Cr
Profitability
- ROE
- 13.10%
- ROCE
- 13.90%
- ROA
- 5.88%
- Dividend Y
- 1.50%
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- 24.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.22
- Interest Coverage
- 10.85×
- Altman Z
- 3.78
- Book Value
- 263.00
Cash Flow
- FCF Yield
- 8.78%
- FCF Positive Y
- 8/5
- OCF
- 3667.00 Cr
- EPS TTM
- 26.89
Shareholding
- Promoter Hold
- 36.93%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 30%
Financial History
Updated 22/10/2026
Revenue
₹ CrLatest: 28.5k+9.0% vs prev
Net Profit
₹ CrLatest: 1,372+22.4% vs prev
Return on Equity
%Latest: 8.2+8.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 50. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~5.7% over last month) — short-term momentum negative.
- RSI(14) at 50 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 24% off 52W high · 12% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
44
RS percentile
Stage 1 Base / Transition
1M return
+0.2%
3M return
-4.3%
6M return
-5.2%
1Y return
-18.9%
RS 1D
+1
RS 20D
+16
Sector rank
#9
Industry rank
#14
Stage evidence
- Price is within 2.0% of the 30-week proxy.
- The 30-week proxy changed -1.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 91.71-0.69%
RS vs Nifty 50092
Valuation & peers
U-Score 67 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 67 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Growth at Value
Fundamental score breakdown
U band · UNDERVALUEDValuation19/30
Growth19/25
Quality3/20
Balance Sheet11/15
Cash Flow10/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
67
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
67/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 8.8%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 60.4%.
Main drags
- Quality is weaker at 3/20; verify the latest quarterly trend.
- Valuation is weaker at 19/30; verify the latest quarterly trend.
- Balance sheet is weaker at 11/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
12.4
PB
1.6
EV/EBITDA
5.3
ROE
13.1%
ROCE
13.9%
FCF Yield
8.8%
Debt/Equity
0.2
MoS
+60.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 22 Oct 2026
v4.3-runtime-valuation
Final score
67
Previous: 67
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+60.4%
Previous: +60.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
22 Oct 2026
v4.3-runtime-valuation
68
68
68
68
68
68
68
68
68
67
67
67
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹398.9
-2.8% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹1,036.61
+60.4% MoS
PEG
0.50
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
JKTYRE
Large
JK Tyre & Industries Limited
Auto Components
match 165
78
13.5
16.0%
+63%
DEEP VALUE
CEATLTD
Large
CEAT Limited
Auto Components
match 161
48
23.3
16.1%
+19%
FAIR VALUE
TOLINS
Small
Tolins Tyres Limited
Auto Components
match 155
56
10.3
10.4%
+49%
FAIR VALUE
MRF
Mid
MRF Limited
Auto Components
match 152
56
21.0
12.5%
+45%
FAIR VALUE
GOODYEAR
Small
Goodyear India Limited
Auto Components
match 150
34
26.1
12.6%
-696%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-03T16:24:49.611Z
Management commentary snapshot
Q4 FY26 consolidated revenue grew 14.2% YoY to INR 73,357 Mn, with EBITDA up 27.6% YoY to INR 10,688 Mn, expanding margins by 153 bps to 14.6%. Full-year FY26 revenue grew 9.0% YoY.
Strong Q4 performance, particularly in India, driven by robust demand and premiumization, supported by favorable raw material costs. Europe shows volume growth but revenue decline due to other operating income. Debt reduction is a positive, but consolidated sequential performance softened.
Current business mix
Consolidated Revenue by Channel - FY26
Latest issuer-disclosed distribution across 2 reported categories.
Replacement79.0%
OEM21.0%
Growth engines
Robust India Demand
Strong high teens growth across Replacement and OE markets in India, driven by robust underlying demand.
Premiumization Strategy
Continuing with our premiumization journey, UHP mix for Europe improved to 50% in Q4 FY26. Premium mix in PCR continues to improve.
Brand Visibility
Enhanced brand equity and visibility due to BCCI sponsorship gave a boost to volumes and premiumization in India.
Future Growth Capex
Strong operational cash flows allow us to invest in future growth capex to drive growth over the next 2-3 years.
Capacity and execution
Future Capex Investment
Company plans to invest in future growth capex over the next 2-3 years, enabled by strong operational cash flows.
Tailwinds
Robust Underlying Demand
Demand remains very strong across categories and channels in India, driving Q4 FY26 growth.
GST Rate Reduction
Q4 FY26 growth in India was boosted by GST rate reduction.
Lower Raw Material Costs
Marginal improvement in Europe EBITDA margins by 27 bps on a YoY basis aided by lower RM cost.
Headwinds
Europe Other Operating Income Decline
Europe registered a 3.3% decline in overall topline YoY, primarily on account of decline in Other Operating Income, despite volume growth.
Risk radar
Raw Material Price Volatility
EBITDA margin improvement was aided by lower RM cost, indicating sensitivity to raw material price movements.
Europe Revenue Realization
Despite volume growth, Europe's topline declined due to 'Other Operating Income', suggesting potential challenges in overall revenue generation.
Sequential Performance Softness
Consolidated revenue declined 5.3% QoQ and EBITDA declined 9.9% QoQ in Q4 FY26, indicating potential sequential slowdown.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for assessing overall growth and margin expansion, especially given the seasonal nature of some demand. QoQ comparison is important to observe sequential momentum, which showed a consolidated revenue and EBITDA decline in Q4 FY26 from Q3 FY26.
Sector KPIs management disclosed
Consolidated Revenue Growth
Q4 FY26 Revenue: INR 73,357 Mn, +14.2% Y-o-Y. FY26 Revenue: INR 284,706 Mn, +9.0% Y-o-Y.
EBITDA Margins
Q4 FY26 Consolidated EBITDA Margins: 14.6% (+153 Bps Y-o-Y). FY26 Consolidated EBITDA Margins: 14.6% (+88 Bps Y-o-Y).
India Volume Growth
Strong high teens growth across Replacement and OE markets in Q4 FY26. TBR replacement delivered the highest ever quarter volumes.
Europe Volume Growth
Volumes witnessed a low single digit growth YoY in Q4 FY26.
Management forward view
Strong Demand Outlook (India)
Looking ahead, demand remains very strong across categories and channels in India.
Growth Momentum (Europe)
Looking ahead, a good growth momentum is expected in Q1 for Europe.
Future Capex Plans
Company will invest in future growth capex to drive growth over the next 2-3 years.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| India Revenue Growth | +14.3% YoY (Q4 FY26 Standalone) | Sustained high teens growth in replacement and OE markets. |
| Consolidated EBITDA Margins | 14.6% (Q4 FY26) | Stability or further expansion, especially with raw material cost trends. |
| Net Debt to EBITDA | 0.4x (FY26) | Prudent capital allocation and maintenance of healthy leverage ratios as capex increases. |
| Europe UHP Mix | 50% (Q4 FY26) | Continued improvement in premiumization and its impact on Europe's overall revenue. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 85th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 22 Oct 2026
management-trust-v1
144 docs text-extracted · 64 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · Auto: 85th pctile, median 74 · Large: 82nd pctile, median 73
Evidence depth
Financial-only
144 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
90
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 8.8%.
- ▸8 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸4 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Apollo Tyres Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment 30 Sep - Apollo Tyres allotted 50,000 secured NCDs worth Rs 500 crore at 7.81% for three years.
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI LODR 18 Sep - Apollo Tyres received voluntary ESG rating of 71 for FY25 and FY26.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - Copy of newspaper publication for Postal Ballot Notice
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI LODR 3 Sep - Apollo Tyres received voluntary ESG rating of 68 for FY 2026.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement Under Regulation 30 Of SEBI LODR 22 Sep - KFin reported nil re-lodgement requests for physical share transfers in August 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement Under Regulation 30 Of SEBI LODR 25 Aug - Apollo Tyres fixed August 28, 2026 cut-off for postal ballot on Rajeev Kumar Sinha’s whole-time director appointment.
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI LODR 14 Aug - Crisil assigned Apollo Tyres FY2026 ESG ratings: ESG 66 and Core ESG 70.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 13 Aug - Apollo Tyres appoints Rajeev Kumar Sinha as Whole-time Director for five years, subject to shareholder approval.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 13 Aug - Apollo Tyres appoints Rajeev Kumar Sinha as Whole-time Director for 5 years, subject to shareholder approval.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.