Apollo Tyres Share Price Target: Based in Gurgaon, India, Apollo Tyres Limited is an Indian tire manufacturer. It possesses two manufacturing facilities abroad and five manufacturing plants in Kerala, Chennai, Andhra Pradesh, and Gujarat. Omkar Kanwar is the chairman of Apollo Tyres Limited Company, which was established in 1972 and has over 18,000 employees. Investors were able to purchase APOLLO TYRE NSE stock in 1975 when it opened for initial public offering. At Rs 557.90 per share, the stock has since reached its all-time high. This new market area for Apollo Tires might propel them to the top of the Indian tire industry’s market leader rankings, given the growth of the country’s electric vehicle (EV) market. Investors will be guided through the primary aspects influencing Apollo Tyres Share Price Target 2024 and beyond by this article.
Apollo Tyres Company Details 2024
APOLLOTYRE (apollo Tyres Ltd) | |
Market Cap | ₹ 33,549 Cr. |
P/E | 19.2 |
Book Value | ₹ 219 |
52 Week High (08-Feb-2024) | ₹ 557.90 |
52 Week Low (28-Sep-2023) | ₹365.00 |
DIV. YIELD | 1.13 % |
Category: Stock Market
Apollo Tyres Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, To 2030
Apollo Tyres Share Price Target 2024 Rs 458.00, 2025 Rs 522.91, 2026 Rs 526.70, 2027 Rs 585.87, 2028 Rs 636.85, 2029 Rs 705.80, To 2030 Rs 780.95
Apollo Tyres Share Price Target 2024 To 2030 Forecast
Year | Maximum Target | Minimum Target |
2024 | Rs 591.62 | Rs 458.00 |
2025 | Rs 704.00 | Rs 522.91 |
2026 | Rs 818.22 | Rs 526.70 |
2027 | Rs 945.08 | Rs 585.87 |
2028 | Rs 1,067.13 | Rs 636.85 |
2029 | Rs 1,190.00 | Rs 705.80 |
2030 | Rs 1,427.05 | Rs 780.95 |
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Apollo Tyres Information
Apollo Tyres Share Price Today opened at Rs 471.50 per share against its previous close of Rs 470.10. Over its last five days on the stock exchange, APOLLOTYRE NSE stock hasn’t witnessed much disruption but has slid over the previous 30 days by -12.56% so far.
Apollo Trampler XR tyre is being used for the New Husqvarna Svartpilen 401 Bike. Customers of the Husqvarna Svartpilen 401 aren’t happy with the regulations in India on imported tyres. Due to the law of the land, Husqvarna Svartpilen 401 Bike, priced between 2-4 Lakhs, is forced to choose Indian Tyre Brands over Pirelli Tyres for the Motorcycle and Apollo Trampler XR tyre seemed good to go with for the manufacturer.
Apollo Tyres Limited in its recent disclosure to SEBI has revealed that the company’s Group Head of Marketing, Mr Vikram Garg is resigning from the APMEA by the end of the closing hours on March 31st, 2024, for personal reasons known best to him.
Apollo Tyres Share Price Target 2024
Month (2024) | Maximum Target | MinimumTarget |
November | Rs 586.03 | Rs 450.87 |
December | Rs 591.62 | Rs 458.00 |
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Apollo Tyres Share Price Target 2025
Month (2025) | Maximum Target | MinimumTarget |
January | Rs 603.13 | Rs 460.89 |
February | Rs 616.06 | Rs 465.54 |
March | Rs 620.00 | Rs 471.80 |
April | Rs 629.91 | Rs 476.04 |
May | Rs 634.05 | Rs 483.16 |
June | Rs 643.60 | Rs 490.03 |
July | Rs 655.51 | Rs 497.86 |
August | Rs 665.00 | Rs 504.00 |
September | Rs 671.42 | Rs 509.76 |
October | Rs 680.12 | Rs 514.74 |
November | Rs 691.22 | Rs 519.90 |
December | Rs 704.00 | Rs 522.91 |
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Apollo Tyres Share Price Target 2026 to 2030 Forecast
Year | Maximum Target | Minimum Target |
2026 | Rs 818.22 | Rs 526.70 |
2027 | Rs 945.08 | Rs 585.87 |
2028 | Rs 1,067.13 | Rs 636.85 |
2029 | Rs 1,190.00 | Rs 705.80 |
2030 | Rs 1,427.05 | Rs 780.95 |
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Apollo Tyres: NSE Financials 2024
- Apollo Tyres Market Capitalisation: 29,856.10 Crores INR
- Tyres Reserves and Borrowings: 9,836.39 Cr INR and 3,174.81 Cr INR (March 2023) Respectively
- Apollo Tyres 52 Week High-Low: Rs 557.90 – Rs 315.00
Revenue | 241.22 Billion INR | 17.21% YOY |
Operating expense | 72.06 Billion INR | 8.08% YOY |
Net Income | 11.05 Billion INR | 72.98% YOY |
Net Profit Margin | 4.58 | 47.74% YOY |
Earnings Per Share | 17.11 | 69.03% |
EBITDA | 29.66 Billion INR | 34.02% |
Effective Tax Rate | 22.60% | |
Total Assets | 273.59 Billion INR | 0.79% YOY |
Total Liabilities | 144.81 Billion INR | 5.93% YOY |
Total Equity | 128.78 Billion INR | |
Return on assets | 3.15% | |
Return on Capital | 4.35% | |
P/E Ratio | 17.22% | |
Dividend Yield | 0.84% |
Apollo Tyres Ltd Shareholding Pattern
- Promoters: 37.34%
- FII: 17.96%
- DII: 23.59%
- Public: 21.1%
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Apollo Tyres Ltd Competitors (Market Cap: 29,856.10 crores INR
- MRF Tyres Market Cap: 58,143.02 crores INR
- Balkrishna Ind Ltd Market Cap: 45,090.27 crores INR
- JK Tyre & Ind Ltd Market Cap: 11,209.81 crores INR
- Ceat Ltd Market Cap: 10,626.24 crores INR
Points To Consider Before Investing In Apollo Tyres Stock
- The Tyre Market in India is one of the most competitive market industries to crack. In terms of Market Capitalisation, Balakrishnan Tyres has the lead over others but MRF Tyres holds the edge on overall manufacturing volume in the Indian market. Apollo Tyres is amongst the in India towards cementing its position amongst the top three of the list. As of now, Apollo Tyres is third on the list of the most valuable tyre manufacturing companies in India with a cap of 29,856 crores.
- Apollo Tyres was the first one in India to introduce a five-star rated Electric Vehicle Tyre, as claimed by the tyre manufacturer. The EV tyre Industry is only going to get flooded with demand and Apollo Tyre Limited will benefit from being one of the top three manufacturers of tyres in India.
- Apollo Tyres Revenue witnessed a negligible upside growth of 2.68% (YOY) in Q4FY24, to Rs 65.95 Billion. However, the EBITDA and Net Income of Apollo Tyres Limited reported solid growth of 35.34% YOY and 70.02% YOY in the fourth quarter of FY 2024. This reflects stable business growth with an efficient operational management of the company.
Disclaimer
This article serves only for providing information and should not be taken as investment advice. The price targets or forecasts given are produced by a specialized algorithm utilizing deep learning and are subject to alterations influenced by market variations, volume changes, and market trends. It is highly advised not to make investment decisions solely based on the mentioned target price.
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FAQs
What is the NSE Apollo Tyres Share Price Target 2024?
The target share price for Apollo Tyres by 2024 is between Rs 511 and Rs 412.
What is the Apollo Tyres Share Price Prediction 2025?
The projected range for the share price of Apollo Tyres in 2025 is Rs 704–Rs 460.
What is the Apollo Tyres Share Price Target 2026?
Apollo Tyres Share Price Target for the year 2026 is between Rs 818 and Rs 526.
What is the Apollo Tyres Share Price Target 2027?
Apollo Tyres Share Price Target 2027 is between Rs 945 and Rs 585.
What is the Apollo Tyres Share Price Target 2028?
Apollo Tyres Share Price Target 2028 is between Rs 1,067 and Rs 636.
What is the Apollo Tyres Share Price Target 2029?
Between Rs 1,190 and Rs 705 is the target price for Apollo Tyres’ shares by 2029.
What is the NSE Apollo Tyres Share Price Target 2030?
It is anticipated that Apollo Tyres Share Price Target 2030 would stay in the range of Rs 1,427 and Rs 780.