Apollo Tyres | Business Upturn

Apollo Tyres shares drop over 2% as Netherlands unit to discontinue tyre production

Aman Shukla — Mon, 28 Apr 2025 04:23:50 +0000

Apollo Tyres’ shares dropped over 2% in the morning trade on April 25, following the company’s announcement to discontinue tyre production at its Netherlands-based facility. As of 9:52 AM, the shares were trading 1.51% lower at Rs 454.45.

The decision comes as part of the company’s effort to address escalating production costs. The Netherlands subsidiary, ATNL, operates a plant in Enschede, and it has submitted a report to the ATNL Works Council to advise on discontinuing operations by the summer of 2026.

This move is in response to increasing manufacturing expenses that have made continued production in the region unsustainable. However, the decision is still pending approval from the ATNL Works Council, which represents the employees under the Dutch Works Councils Act. The council will provide its advice after the consultation period, which is a crucial legal requirement in the Netherlands. The ATNL Supervisory Board will also need to give its approval before the plan is finalized.

The discontinuation of operations at the Enschede plant will significantly impact the company’s European production capacity. This decision marks a strategic shift for Apollo Tyres as it navigates rising operational challenges in its global supply chain.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Apollo Tyres, MRF, Deepak Nitrite, Ramco Cement & Escorts Kubota to be removed from F&O from June series

Markets Desk — Fri, 21 Mar 2025 03:17:22 +0000

The National Stock Exchange of India (NSE) has announced the exclusion of futures and options (F&O) contracts for five securities, effective from the May 2025 expiry onwards. The move is in line with SEBI’s circular regarding the eligibility criteria for stocks in the F&O segment.

According to NSE’s circular (Ref No. 43/2025) dated March 20, 2025, the affected securities are:

Apollo Tyres Limited (APOLLOTYRE)
Deepak Nitrite Limited (DEEPAKNTR)
Escorts Kubota Limited (ESCORTS)
MRF Limited (MRF)
The Ramco Cements Limited (RAMCOCEM)

The exchange clarified that while fresh contracts will not be introduced for these securities, the existing contracts for expiries in March 2025, April 2025, and May 2025 will remain available for trading until their respective expiry dates. Additionally, new strike prices will continue to be introduced in these existing contracts.

However, starting May 27, 2025, no contracts for these stocks will be available for trading in the F&O segment.

This exclusion comes as part of regulatory measures to ensure liquidity and compliance with SEBI’s revised norms. Investors holding positions in these contracts are advised to adjust their strategies accordingly before the final expiry.

Apollo Tyres shares surge 3% as Q3 revenue jumps 5% YoY to Rs 6,928 crore

Aman Shukla — Fri, 07 Feb 2025 05:36:38 +0000

Apollo Tyres shares saw a 3% surge following the announcement of its Q3 FY25 results. As of 11:03 AM, the shares were trading 2.80% higher at Rs 428.05.

The company reported a 5% increase in revenue, reaching Rs 6,928 crore compared to Rs 6,595 crore in the previous year. Despite the revenue growth, Apollo Tyres faced a decline in its profitability. The company’s EBITDA dropped by 21.6%, standing at Rs 947 crore, down from Rs 1,208 crore in Q3FY24. As a result, the EBITDA margin contracted to 13.7% from 18.3% in the same period last year.

Net profit also took a significant hit, falling 32.1% to Rs 337 crore, down from Rs 497 crore in Q3FY24.

Apollo Tyres shares opened at ₹414.00 and reached a high of ₹429.90, maintaining a low of ₹414.00 during the trading session. The stock’s 52-week high stands at ₹584.90, while the 52-week low is ₹407.05.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Apollo Tyres shares rise nearly 3% as brokerages maintain positive outlook

Aditya Bhagchandani — Thu, 14 Nov 2024 03:58:26 +0000

Apollo Tyres shares gained nearly 3% following positive outlooks from major brokerages. JPMorgan reiterated its “Overweight” rating with a target price of ₹555, suggesting a 21.2% upside, while UBS maintained a “Buy” rating with a higher target price of ₹605, indicating a potential 32% upside from the current market price of ₹458.

Key Financial Highlights for Q2 FY25:

Revenue from Operations: Increased by 2.5% YoY to ₹6,437 crore, up from ₹6,279.57 crore in Q2 FY24. Sequentially, revenue grew by 1.6% from ₹6,334.85 crore in Q1 FY25.
Net Profit: Declined by 37.3% YoY to ₹297.45 crore, down from ₹474.25 crore in Q2 FY24, with a sequential dip of 1.5% from ₹302 crore in Q1 FY25.

Analyst Insights:

JPMorgan: Notes that the Q2 results were weak as anticipated, and guidance on H2 pricing will be crucial. The increase in net debt is attributed to seasonal working capital needs.
UBS: Highlights Apollo’s underperformance in India due to weak demand in the commercial vehicle (CV) segment. However, European operations have shown resilience, with 6% YoY revenue growth and 19% YoY growth in profit before interest and tax (PBIT).

Summary

Apollo Tyres’ moderate revenue growth and significant drop in profitability underscore challenges in managing operational costs amid sector pressures. While the company’s exposure to the CV market impacted its Q2 results, its strong European performance and favorable analyst outlook make Apollo Tyres a stock to watch as it navigates these headwinds in the coming quarters.

LIC raises stake in Apollo Tyres to 5.03% through open market purchase

Aditya Bhagchandani — Fri, 04 Oct 2024 12:22:12 +0000

Life Insurance Corporation of India (LIC) has increased its stake in Apollo Tyres Ltd. to 5.03%, up from 4.983%, following an open market purchase of 300,000 shares.

The acquisition brings LIC’s total holding to 31,950,845 shares in Apollo Tyres. This transaction was finalized on October 3, 2024, as per the latest disclosure made by LIC under SEBI’s (Substantial Acquisition of Shares and Takeovers) Regulations. The company’s total equity share capital remains unchanged at 63,51,00,946 shares post-acquisition.

LIC Shares: Life Insurance Corporation of India (LIC) shares closed at ₹970 on October 4, 2024, up by 0.27% from the previous close of ₹967.35. The stock reached an intraday high of ₹982 and a low of ₹960.70. The total traded volume stood at 13.45 lakhs with a traded value of ₹130.68 crores. LIC’s market capitalization is valued at ₹6,13,524.78 crores, with a 52-week high of ₹1,222 (recorded on August 1, 2024) and a 52-week low of ₹597.35 (on October 26, 2023). The stock’s current P/E ratio stands at 14.63, and it belongs to the NIFTY NEXT 50 index under the “Life Insurance” industry.

Apollo Tyres Shares: Apollo Tyres shares closed at ₹511, experiencing a decline of 2.81% from the previous close of ₹525.80. The stock opened at ₹525 and hit a high of ₹526.70 and a low of ₹508.65 during the trading session. The stock saw a traded volume of 26.65 lakhs with a total traded value of ₹137.32 crores. Apollo Tyres’ total market capitalization is ₹32,453.66 crores, and it trades within the NIFTY MIDCAP 100 index under the “Tyres & Rubber Products” sector. Its 52-week high was ₹584.90 on September 26, 2024, and the low was ₹366 on October 4, 2023. The adjusted P/E ratio is 19.47.

Apollo Tyres surges 7%, hits 52-week high

News Desk — Thu, 26 Sep 2024 09:55:23 +0000

Apollo Tyres continues its bullish run, soaring by 5.39% and trading at ₹573.90 as of 3:26 PM. The stock surged past its 200-day high and reached a day high of ₹572.10, approaching its 52-week high of ₹578.90.

The stock opened at ₹545.00 and has shown consistent upward momentum throughout the trading session, driven by strong investor interest and favorable market sentiment.

Apollo Tyres Share Price history

Day	Open	Close	Day’s change
Wed, Sep 25 2024	₹535.00	₹544.55	+3.01%
Tue, Sep 24 2024	₹520.00	₹528.65	+1.65%
Mon, Sep 23 2024	₹516.95	₹520.05	+0.86%
Fri, Sep 20 2024	₹518.45	₹515.60	-0.55%
Thu, Sep 19 2024	₹512.70	₹518.45	+1.48%
Wed, Sep 18 2024	₹518.25	₹510.90	-1.42%
Tue, Sep 17 2024	₹527.90	₹518.25	-1.54%
Mon, Sep 16 2024	₹529.70	₹526.35	-0.07%

Stocks at 52-Week Highs: Apollo Tyres, Eclerx, Piramal Pharma, Tata Communications, Power Grid among top gainers

News Desk — Wed, 25 Sep 2024 06:00:38 +0000

Several stocks have hit their 52-week highs today, showing strong upward momentum across multiple sectors:

Eclerx surged 11.02% to ₹3,025.55, reaching a new 52-week high of ₹3,092.00. The stock opened at ₹2,703.35 and continues to see strong buying interest.
Piramal Pharma (PPLPHARMA) also hit a new high, rising 4.88% to ₹228.29, with its 52-week peak recorded at ₹243.99. The stock opened at ₹229.99 and saw steady upward movement.
Tata Communications (TATACOMM) climbed 3.66% to ₹2,097.00, marking a new high of ₹2,099.90. This stock opened at ₹2,025.00 and has seen consistent buying interest.
Power Grid Corporation (POWERGRID) rose 3.53% to ₹362.40, reaching a 52-week high of ₹366.25. The stock continues to perform well, supported by strong market sentiment.
KEC International (KEC) also touched a new high, gaining 3.57% to ₹1,017.80, with a peak of ₹1,040.00. The stock opened at ₹985.05.
Apollo Tyres (APOLLOTYRE) rose 3.36% to ₹546.40, reaching a new high of ₹568.05. The stock opened at ₹535.00 and has been gaining traction in the market.
Mahanagar Gas Ltd (MGL) hit a 52-week high of ₹1,988.00, rising 2.80% to ₹1,983.00. The stock opened at ₹1,912.00 and showed steady gains.
CESC Ltd gained 2.37% to ₹205.58, marking a new high of ₹206.50. The stock opened at ₹200.80 and is seeing strong momentum.
IPCA Laboratories (IPCALAB) rose 2.38% to ₹1,515.15, reaching a 52-week high of ₹1,519.85. The stock opened at ₹1,482.00 and continues to perform well in the pharma sector.
Campus Activewear (CAMPUS) touched a new high of ₹366.80, rising 2.04% to ₹362.90. The stock opened at ₹353.15 and has shown consistent growth.

These stocks have demonstrated strong performance in today’s trading, reaching their 52-week highs across diverse sectors such as pharmaceuticals, infrastructure, communication, and utilities. Investors are showing strong confidence in these stocks as they continue to push upwards.

Apollo Tyres shares fall over 2% as company’s Q1 net profit declines to Rs 302 crore

Aditya Bhagchandani — Thu, 08 Aug 2024 04:58:20 +0000

Apollo Tyres’ shares fell over 2% following the release of disappointing Q1 results for FY25. The company’s net profit dropped to Rs 302 crore, down from Rs 397 crore in the same period last year, and also lower than the Rs 354 crore recorded in the March quarter.

Key Financial Highlights

Net Profit: Rs 302 crore, down from Rs 397 crore year-on-year.
Revenue from Operations: Rs 6,334.8 crore, slightly up from Rs 6,244.5 crore in the previous fiscal year and Rs 6,258.2 crore in the March quarter.
EBITDA: Rs 909.4 crore, a 13.5% drop from Rs 1,051.4 crore year-on-year.
EBITDA Margin: 14.4%, down from 16.8% in the same period last year.

Factors Affecting Performance

The decline in net profit is attributed to lower sales and increased raw material costs. The EBITDA margin also fell, indicating decreased profitability.

Market Reaction

As of 10:24 AM, Apollo Tyres’ shares were trading 2.12% lower at ₹509.15 on the NSE.

Summary Table

Metric	Q1 FY25	Q1 FY24	Q4 FY24
Net Profit	Rs 302 crore	Rs 397 crore	Rs 354 crore
Revenue from Operations	Rs 6,334.8 crore	Rs 6,244.5 crore	Rs 6,258.2 crore
EBITDA	Rs 909.4 crore	Rs 1,051.4 crore
EBITDA Margin	14.4%	16.8%

Warbug Pincus entity White Iris to sell 3% stake in Apollo Tyres via block deal: Report

Dimple Gehlot — Mon, 18 Dec 2023 17:37:13 +0000

White Iris Investment is reportedly considering the sale of a 3% equity stake of Apollo Tyres, with an option for additional shares, sources told CNBC. The investment firm is looking to raise $100 million through this equity offering.

The proposed floor price for the anticipated Apollo Tyres block deal stands at Rs 440 per share, representing a 2% discount to the current market price.

Investors should note that a 90-day lock-in period will be implemented following the share sale.

Apollo Tyres Limited, a Gurgaon-based Indian multinational tire manufacturing company, has its roots dating back to its establishment in 1972. The inaugural production facility was set up in Perambra, situated in Chalakudy, Kerala. Presently, Apollo Tyres operates five manufacturing units within India, in addition to one in the Netherlands and another in Hungary.

Apollo Tyres Surges Over 6% on Strong Q2 Performance

Aditya Bhagchandani — Wed, 08 Nov 2023 07:21:41 +0000

Shares of Apollo Tyres Ltd witnessed a remarkable upswing, soaring by 6% during Wednesday’s trading session. This surge followed the company’s impressive financial results for the quarter ending on September 30, 2023. Apollo Tyres’ robust performance was underscored by a substantial increase in net profit, attributed to a significant decline in raw material costs.

In the Q2 FY24 report, Apollo Tyres reported a remarkable 2.5-fold surge in its consolidated net profit, reaching Rs 474.26 crore on a year-on-year (YoY) basis. This substantial growth was propelled by higher revenue figures and reduced expenditure on raw materials, contrasting sharply with the previous fiscal year’s performance when the company had recorded a consolidated net profit of Rs 179.39 crore.

During the September 2023 quarter, the company’s consolidated revenue from operations experienced a slight uptick, reaching Rs 6,279.67 crore compared to the previous year’s figure of Rs 5,956.05 crore. Notably, Apollo Tyres managed to curtail its cost of materials consumed, which stood at Rs 2,634.92 crore in Q2 FY24, significantly lower than the Rs 3,101.56 crore reported in the corresponding quarter of the previous financial year.

The positive financial report had an immediate impact on the market, with Apollo Tyres’ stock price surging by as much as 6% to reach Rs 407.75 on Wednesday. This surge in share value translated to a total market capitalization of nearly Rs 26,000 crore. To put this into perspective, the stock had settled at Rs 385.30 apiece during the previous trading session on Tuesday.

One of the standout metrics from the Q2 FY24 report was Apollo Tyres’ EBITDA, which witnessed an impressive 63% YoY growth, reaching Rs 1,159.8 crore, up from Rs 711.9 crore reported in the corresponding period last year. Additionally, the company’s EBITDA margins for the July-September 2023 period stood at 18.5%, a significant improvement from the 12% recorded during the same period in the previous fiscal year.

At the time of reporting (12:50 pm) the shares were trading 6.29% higher at ₹408.25

Apollo Tyres expects 10% revenue growth in India, aims for $5 Billion revenues by 2025: Report

Aditya Bhagchandani — Wed, 28 Jun 2023 08:26:02 +0000

Apollo Tyres expects a 10% growth in its business revenue in India for the fiscal year 2023-24, driven by strong demand in the domestic market. In the previous fiscal year, the company reported a 73% increase in net profit and a 17.3% rise in revenue.

Apollo Tyres aims to achieve revenues of US$ 5 billion by the fiscal year 2025-26 and is focused on factors like the growth of the passenger vehicle segment, premiumisation trends, and market share gains in premium categories.

The company plans to maintain disciplined pricing strategies and pass on commodity inflation to the replacement market to improve margins. While the premium car segment is relatively small, Apollo Tyres aims to gain market share with its Vredestein brand.

The company has a significant market share in the domestic PCR segment and is strategizing to enhance return on capital employed and keep net debt below two times its EBITDA.

Apollo Tyres is adopting a capex light model, focusing on maintenance, digitalization, and sustainability-related investments, and is running its manufacturing plants at around 80% capacity utilization in India.

CCI undertakes investigations against CEAT, Apollo & Continental: Report

Sathvika Chelakani — Wed, 30 Mar 2022 13:54:01 +0000

India’s antitrust body raided the offices of tyre companies including India’s CEAT, Apollo Tyres, and Germany’s Continental AG on Wednesday in an alleged case of competition law violations, four sources told Reuters.

The raids were carried out by officers of the Competition Commission of India (CCI) across multiple cities as reported by Reuters. The case is related to an antitrust investigation into the use of unfair trade practices and bid-rigging while supplying tyres for public transportation vehicles in the northern state of Haryana.

According to Reuters, the CCI was conducting an investigation in 2020 in response to a complaint from the Haryana state government. The CCI launched a broad investigation into many tyre companies in 2020 after receiving a complaint from the Haryana state government. At the time, the CCI stated that “there appears to be some arrangement or understanding amongst the tyre manufacturers.”

A bid-rigging conviction could result in a fine of up to three times the profit made in each year the prices were fixed by the companies, or 10% of annual revenue, whichever is greater.

Stocks in news: HAL, Indiabulls, Apollo Tyres, Apollo Hospitals, Vedanta, Star Cements

Nishi Trivedi — Fri, 26 Jun 2020 05:46:02 +0000

On Friday, the indices opened on a positive note with Nifty above 10,300 level. At 11.00 IST, Sensex was up by 216 points or 0.6 percent at 35,058.21. Meanwhile, Nifty was trading positively at 10,360.15, up 0.6 percent.

Currently, Infosys, IOC, BPCL, and Wipro are among the Nifty gainers. On the other hand, Kotak Mahindra, Shree Cements, Bharti Infratel, and Bajaj Finance are trading on the losers list. Among the sectors, except Nifty Fin Service, FMCG, and Realty, all are trading on the green mark.

Here are some of the stocks in focus in the trading session as of June 26, 2020:

HAL:

The company posted a net profit at Rs. 1,250 crore in the fourth quarter ended in March. This was compared to net profit in the same quarter last year at Rs. 1,239 crore. The firm’s revenue for the quarter under review stands at Rs. 10,323 crore against Rs 10,513 crore, previous fiscal same quarter.

Indiabulls Ventures:

The firm posted a net loss for the fourth quarter at Rs. 333.63 crore. This was in comparison to the profit at Rs 109.81 crore in the same quarter last fiscal. The company’s revenue stood at Rs. 628.28 crore against Rs 599.58 crore in Q4FY19.

Apollo Tyres:

As reported by Money Control, the company has authorized the greenfield facility in Andhra Pradesh.

Apollo Hospitals:

The Company reported its consolidated net profit to stand at Rs 209.60 crore in the fourth quarter ended in March. Earlier, the company reported a net profit in the same quarter last year at Rs. 72.80 crore. Its consolidated revenue from operations was posted by the company at Rs 2,922.43 crore against Rs. 2,499.50 crore for the same quarter last fiscal.

Star Cement:

The firm posted its quarter-four results and said that it saw a 4.4 percent decline in its net profit at Rs. 85 crore. Moreover, it posted a profit in the same quarter last fiscal year at Rs 89.77 crore. However, the revenue for the quarter rose up by 2.8 percent to Rs 549 crore against Rs 534 crore, last year.

In addition, some of the other stocks in news comprise Vedanta, Ashok Leyland, Engineers India, TAJGVK, among others.