Apollo Tyres Ltd (APOLLOTYRE)

Apollo Tyres Plans Price Hike Amid Weak Q4 Earnings - 17 May, 2024

Apollo Tyres plans to raise prices due to increased raw material costs, while analysts suggest that margins may have peaked. The company reported weak Q4 earnings, but its focus on profitability has led to improved free cash flow and return on capital employed.

Apollo Tyres Stock Upgraded by Brokerages After Weak Q4 Results - 16 May, 2024

Despite a 14% YoY decline in net profit for Q4 FY24, Apollo Tyres' stock surged over 7% as brokerages Nomura and JP Morgan upgraded the stock. The company's focus on pricing and capex discipline is expected to lead to a re-rating of its stock, while price hikes and reduced interest costs are anticipated to support earnings for the full year.

Apollo Tyres Posts Q4 Results; JPMorgan Maintains Neutral Rating - 15 May, 2024

Apollo Tyres' Q4 FY24 net profit falls 13.7% YoY to Rs 354 crore, while revenue from operations rises marginally. JPMorgan maintains neutral rating with a target price of Rs 535 due to weak growth and margins in the EU business.

Apollo Tyres Reports Decline in Q4 Profit, Recommends Dividend - 14 May, 2024

Apollo Tyres reported a 13.7% YoY decline in Q4FY24 net profit at Rs 354 crore, missing estimates due to exceptional item and EPR provision expenses. The board recommended a dividend of Rs 6 per equity share for FY24, subject to shareholder approval.

Apollo Tyres Q3 Revenue and Net Profits Increase - 12 May, 2024

Apollo Tyres Ltd reported a 5% increase in revenue from Rs. 6,280 crores to Rs. 6,595 crores and a 4% increase in net profits from Rs. 474 crores to Rs. 497 crores between September and December quarters.

Apollo Tyres Shares Fall Over 5% - 07 May, 2024

Apollo Tyres shares fell over 5% along with other tyre stocks due to weak market sentiments and limited positive triggers for the industry, according to Elara Capital.

Apollo Tyres Ltd Up 1.27% on NSE - 02 May, 2024

Apollo Tyres Ltd is up 1.27% on the NSE, trading at Rs 516.6 as of 12:49 IST. The stock has seen a 45.38% increase in the last year compared to a 25.35% spurt in NIFTY and a 71.25% spurt in the Nifty Auto index. The PE ratio based on TTM earnings ending December 2023 is 26.44.

Samco Securities Recommends Buying Apollo Tyres for Short-Term Returns - 01 May, 2024

Apollo Tyres Ltd's stock has undergone an extended consolidation phase and has established a strong support base around the Rs 490 level. Samco Securities recommends buying the stock for short-term returns of up to 10%, as it sustains above the Rs 500-505 zone with decent volumes. Positive crossovers are indicated in MACD, while RSI stands at 63.

Apollo Tyres' Fundamentals Look Decent Despite Sliding Stock - 29 Apr, 2024

Despite the sliding stock, Apollo Tyres has a decent ROE of 14%, similar to the industry average. The company's net income grew significantly at a rate of 25% over the last five years. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 21% over the next three years.

Apollo Tyres Chairman Onkar Kanwar Receives Lifetime Achievement Award - 27 Apr, 2024

Onkar Kanwar, the Chairman of Apollo Tyres Ltd, was honored with the Lifetime Achievement Award at the Managing India Awards ceremony organized by AIMA for his visionary business acumen and exemplary leadership. The award celebrates achievers from diverse fields who have demonstrated exceptional leadership, foresight, and innovation.

Apollo Tyres Ltd up for fifth straight session - 25 Apr, 2024

Apollo Tyres Ltd has risen around 3.36% in the last month and is currently quoting at Rs 487.3, up 0.15% on the day. The Nifty Auto index has risen around 4.4% in the last month. The stock's PE ratio based on TTM earnings ending December 23 is 25.26.