Apollo Tyres Ltd stands as a leading international tire manufacturer and India’s foremost tire brand, renowned for its unwavering commitment to product reliability and strong stakeholder relationships. With manufacturing units strategically located across India, the Netherlands, and Hungary, including an upcoming facility in Andhra Pradesh, Apollo Tyres boasts a formidable global presence. Its product range, marketed under the Apollo and Vredestein brands, caters to diverse segments and is available in over 100 countries through an extensive network of outlets. Headquartered in Gurgaon, India, Apollo Tyres maintains a turnover of US$ 2.3 billion, securing its position among the top 20 tire manufacturers globally. Notable for its workplace culture, community engagement, and sustainability initiatives, Apollo Tyres continues to reinforce its industry leadership through strategic acquisitions and a steadfast commitment to innovation and excellence.
About Apollo Tyres
Since its establishment in 1972, Apollo Tyres Limited has established a strong foothold in the tire manufacturing industry. With manufacturing facilities in India, the Netherlands, and Hungary, the company has expanded its global presence significantly. With over 5,000 dealerships, including 2,500 exclusive outlets in India alone, Apollo boasts a substantial market capitalization of ₹29,653 Cr. As of May 15th, 2024, the company’s stock is priced at ₹474.
Apollo Tyres Q4 FY24 Results: Net Profit Dips, EBITDA Improves, Dividend Recommended
- Net profit for Q4FY24: ₹354 crore, marking a 13.7% decline from Q4FY23’s ₹410.3 crore.
- Revenue from operations in Q4FY24: ₹6,258 crore, a marginal increase of 0.2% compared to the same period last year.
- EBITDA for Q4FY24: ₹1,028 crore, up by 3% from ₹998.4 crore in the previous year.
- EBITDA margin in Q4FY24: Improved to 16.4% from 16% in Q4FY23.
- Dividend recommendation for FY24: ₹6 per equity share (600%) on the face value of ₹1 each, subject to shareholder approval.
- Share performance: Apollo Tyres’ shares closed at ₹474.15 on the BSE, witnessing a decrease of ₹4.25 or 0.89% following the results announcement.
- Operational metrics: Despite economic challenges, the company maintained stable revenue and enhanced operational efficiency.
How to Purchase Apollo Tyres Shares?
Below are the trading platforms that you can use to purchase Apollo Tyres shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Apollo Tyres Share Price Target: 2024, 2025 to 2030
Apollo Tyres Share Price Target 2024
| When | Maximum Price | Minimum Price |
| May 2024 | 490.20 | 426.26 |
| June 2024 | 507.85 | 441.61 |
| July 2024 | 502.77 | 437.19 |
| August 2024 | 522.88 | 454.68 |
| September 2024 | 543.80 | 472.87 |
| October 2024 | 533.14 | 463.60 |
| November 2024 | 554.46 | 482.14 |
| December 2024 | 560.01 | 486.96 |
In May 2024, Apollo Tyres’ stock is expected to reach a maximum price of ₹490.20 and a minimum price of ₹426.26. As we move into June, the maximum price is anticipated to rise to ₹507.85, with the minimum price projected to be ₹441.61. Continuing into July, the stock is forecasted to have a maximum price of ₹502.77 and a minimum price of ₹437.19. As the year progresses, August sees a potential increase in the maximum price to ₹522.88 and a minimum price of ₹454.68. In September, the maximum price is predicted to climb to ₹543.80, while the minimum price could reach ₹472.87. October may witness a maximum price of ₹533.14 and a minimum price of ₹463.60. In November, the maximum price is expected to rise to ₹554.46, with the minimum price projected to be ₹482.14. By December, the stock’s maximum price is anticipated to reach ₹560.01, while the minimum price may be around ₹486.96.
Apollo Tyres Share Price Prediction 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 565.61 | 435.08 |
| February 2025 | 571.32 | 439.48 |
| March 2025 | 583.32 | 448.71 |
| April 2025 | 577.54 | 444.26 |
| May 2025 | 560.72 | 431.32 |
| June 2025 | 585.95 | 450.73 |
| July 2025 | 574.46 | 441.90 |
| August 2025 | 592.23 | 455.56 |
| September 2025 | 599.34 | 461.03 |
| October 2025 | 614.92 | 473.02 |
| November 2025 | 630.29 | 484.84 |
| December 2025 | 658.66 | 506.66 |
As we step into January 2025, Apollo Tyres’ share prices are expected to reach a maximum of ₹565.61 and a minimum of ₹435.08. By December 2025, the maximum price is anticipated to rise to ₹658.66, with the minimum price forecasted to be ₹506.66. Throughout the year 2025, Apollo Tyres’ shares are projected to experience fluctuations in line with market trends and investor sentiment.
Apollo Tyres Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 678.42 | 521.86 |
| February 2026 | 661.46 | 508.81 |
| March 2026 | 674.68 | 518.99 |
| April 2026 | 688.45 | 529.58 |
| May 2026 | 681.64 | 524.34 |
| June 2026 | 698.68 | 537.44 |
| July 2026 | 684.98 | 526.91 |
| August 2026 | 706.16 | 543.20 |
| September 2026 | 720.29 | 554.07 |
| October 2026 | 739.01 | 568.47 |
| November 2026 | 757.49 | 582.68 |
| December 2026 | 776.43 | 597.25 |
Apollo Tyres Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 784.19 | 603.22 |
| February 2027 | 804.30 | 618.69 |
| March 2027 | 835.67 | 642.82 |
| April 2027 | 819.28 | 630.22 |
| May 2027 | 795.42 | 611.86 |
| June 2027 | 831.21 | 639.39 |
| July 2027 | 814.91 | 626.86 |
| August 2027 | 840.12 | 646.24 |
| September 2027 | 869.52 | 668.86 |
| October 2027 | 892.13 | 686.25 |
| November 2027 | 914.43 | 703.41 |
| December 2027 | 937.29 | 720.99 |
Apollo Tyres Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 956.04 | 735.41 |
| February 2028 | 980.55 | 754.27 |
| March 2028 | 1,018.79 | 783.69 |
| April 2028 | 998.82 | 768.32 |
| May 2028 | 969.73 | 745.94 |
| June 2028 | 1,013.36 | 779.51 |
| July 2028 | 993.49 | 764.23 |
| August 2028 | 1,024.22 | 787.86 |
| September 2028 | 1,060.07 | 815.44 |
| October 2028 | 1,087.63 | 836.64 |
| November 2028 | 1,114.82 | 857.55 |
| December 2028 | 1,142.69 | 878.99 |
Apollo Tyres Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,165.54 | 896.57 |
| February 2029 | 1,195.43 | 919.56 |
| March 2029 | 1,242.05 | 955.42 |
| April 2029 | 1,217.70 | 936.69 |
| May 2029 | 1,182.23 | 909.41 |
| June 2029 | 1,235.43 | 950.33 |
| July 2029 | 1,211.21 | 931.70 |
| August 2029 | 1,248.67 | 960.51 |
| September 2029 | 1,292.37 | 994.13 |
| October 2029 | 1,325.97 | 1,019.98 |
| November 2029 | 1,359.12 | 1,045.48 |
| December 2029 | 1,393.10 | 1,071.62 |
Apollo Tyres Share Price Prediction 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,420.96 | 1,093.05 |
| February 2030 | 1,457.40 | 1,121.07 |
| March 2030 | 1,514.24 | 1,164.80 |
| April 2030 | 1,484.54 | 1,141.96 |
| May 2030 | 1,441.31 | 1,108.70 |
| June 2030 | 1,506.16 | 1,158.59 |
| July 2030 | 1,476.63 | 1,135.87 |
| August 2030 | 1,522.30 | 1,171.00 |
| September 2030 | 1,575.58 | 1,211.99 |
| October 2030 | 1,616.55 | 1,243.50 |
| November 2030 | 1,656.96 | 1,274.58 |
| December 2030 | 1,698.38 | 1,306.45 |
As we step into January 2030, Apollo Tyres’ share prices are projected to reach a maximum of ₹1,420.96 and a minimum of ₹1,093.05. By December 2030, the maximum price is anticipated to rise to ₹1,698.38, while the minimum price is forecasted to be ₹1,306.45. Throughout the year 2030, Apollo Tyres’ shares are expected to experience fluctuations influenced by market dynamics and investor behavior.
Financial Strength of Apollo Tyres (2020 to 2024)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 16,350 | 17,397 | 20,948 | 24,568 | 25,378 |
| Expenses + | 14,392 | 14,579 | 18,353 | 21,235 | 20,930 |
| Operating Profit | 1,958 | 2,818 | 2,595 | 3,333 | 4,447 |
| OPM % | 12% | 16% | 12% | 14% | 18% |
| Other Income + | 24 | -478 | 118 | 64 | 77 |
| Interest | 300 | 463 | 465 | 551 | 506 |
| Depreciation | 1,138 | 1,315 | 1,400 | 1,419 | 1,478 |
| Profit before tax | 543 | 561 | 848 | 1,427 | 2,540 |
| Tax % | 12% | 38% | 25% | 23% | 32% |
| Net Profit + | 476 | 350 | 639 | 1,105 | 1,722 |
| EPS in Rs | 8.33 | 5.51 | 10.06 | 17.39 | 27.11 |
| Dividend Payout % | 36% | 63% | 32% | 26% | 22% |
Apollo Tyres has demonstrated impressive financial performance over the past five years, marked by consistent sales growth, improved operating efficiency, and significant profitability. With a steady increase in sales from ₹16,350 crore in March 2020 to ₹25,378 crore in March 2024, the company has successfully expanded its market presence and revenue streams. Moreover, Apollo Tyres’ focus on operational excellence is evident in the rise of its operating profit from ₹1,958 crore to ₹4,447 crore during the same period, showcasing effective cost management and resource utilization. This growth trajectory is further reinforced by the substantial increase in net profit from ₹476 crore to ₹1,722 crore, highlighting the company’s ability to generate sustainable returns for its shareholders. Additionally, the consistent improvement in earnings per share from ₹8.33 to ₹27.11 underscores Apollo Tyres’ commitment to enhancing shareholder value. Despite a slight decrease in the dividend payout percentage, Apollo Tyres’ prudent financial management and strategic reinvestment of earnings position it well for continued success in the future.
Sharekhan on Apollo Tyres share price Target
Sharekhan, a prominent financial advisory firm, suggests that investors should consider buying shares of Apollo Tyres, proposing a target price of Rs 619.00.
FAQs
What is Apollo Tyres’ current market capitalization?
Apollo Tyres’ current market capitalization stands at ₹29,653 Crores.
What is the current share price target for Apollo Tyres?
The current share price target for Apollo Tyres is ₹474.
What is the projected share price target for Apollo Tyres in 2025?
The projected share price target for Apollo Tyres in 2025 ranges from ₹431.32 to ₹658.66.
What is the projected share price target for Apollo Tyres in 2030?
The projected share price target for Apollo Tyres in 2030 varies from ₹1,093.05 to ₹1,698.38.
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Conclusion
Apollo Tyres’ Q4 results demonstrate resilience and strategic prowess amidst challenging economic conditions. Despite a slight decline in net profit, the company has showcased stability and growth in key financial metrics. The increase in revenue from operations and improved EBITDA underscore Apollo Tyres’ commitment to operational excellence and efficient management practices. Moreover, the dividend announcement reflects the company’s dedication to delivering value to its shareholders. With a strong market position, strategic foresight, and a track record of resilience, Apollo Tyres instills confidence in its continued growth trajectory. As it continues to navigate through dynamic market conditions, Apollo Tyres remains poised for sustainable success, reaffirming its position as a leader in the tire manufacturing industry.
However, it’s important to note that we are not financial advisors. Please consult with a SEBI-registered financial advisor before making any investment decisions regarding Apollo Tyres. This discussion on Apollo Tyres’s share price target from 2024 to 2030 is provided for educational purposes only.
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