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Apollo Tyres Limited APOLLOTYRE.NS

IN · National Stock Exchange of India · XNSE · stock · Consumer Cyclical · website

Apollo Tyres Limited statistics & valuation

Market cap₹280.9B
P / E20.5×
P / S1.0×
P / B1.7×
P / FCF12.4×
Net margin4.9%
FCF margin8.0%
Net debt₹26.5B
Enterprise value USD$3.2B
Earnings yield EBIT/EV8.7%
Return on capital12.6%
Graham number -19.2%₹358.77

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹358.77); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.30% 6.90% 4.30% 4.90% 2023202420252026
Gross margin (%)
38.70% 44.90% 42.50% 44.30% 2023202420252026
Operating margin (%)
7.90% 12.00% 8.10% 9.50% 2023202420252026
Return on equity (%)
8.30% 12.40% 7.60% 8.20% 2023202420252026
Shares outstanding
632.6M 632.6M 632.6M 632.6M 2023202420252026
Net debt (₹)
₹55.85B ₹39.94B ₹35.24B ₹26.46B 2023202420252026
Share buybacks (₹)
₹0 ₹1.13B 2023202420252026
Return on assets (%)
3.80% 6.40% 4.10% 4.70% 2023202420252026
Free cash flow margin (%)
5.60% 10.80% 4.10% 8.00% 2023202420252026
Debt / equity (×)
0.51× 0.35× 0.30× 0.22× 2023202420252026
EPS (₹)
₹16.47 ₹27.11 ₹17.66 ₹21.65 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Apollo Tyres Limited trades at about 20.5× earnings — near its 10-year norm (10-year range 18.8×–26.7×, median 21.1×).

18.8× 26.7×

Shaded band = 10-year range (18.8×–26.7×); dot = today's 20.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin44.3%42.5%44.9%38.7%
Operating margin9.5%8.1%12.0%7.9%
Net margin4.9%4.3%6.9%4.3%
FCF margin8.0%4.1%10.8%5.6%
Return on assets4.7%4.1%6.4%3.8%
Return on equity8.2%7.6%12.4%8.3%
Debt / equity0.09×0.12×0.19×0.30×
Current ratio1.321.331.281.11

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.