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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Apollo Tyres Limited is engaged in the manufacturing and sale of automotive tires. The Company operates through the automobile tires, automobile tubes and automobile flaps segment. Its geographical segments include Asia Pacific, Middle East, and Africa (APMEA), Europe and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, slow-growing business, reasonably priced.
Apollo Tyres is scored on the general / industrial framework. It keeps a slim 4.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 2.67× reported profit. It throws off free cash worth 8.8% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 5%/yr and profit at 10%/yr. Book value has grown 10%/yr. Return on equity is a modest 11.8%. In the latest quarter profit fell 45% versus the prior quarter.
At 19× earnings, the stock sits at the 30th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~5%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 15.16 | 24.21 | better |
| P/B | 1.51 | 2.34 | better |
| EV/EBITDA | 8.46 | 10.36 | better |
| ROE | 11.78 | 10.47 | better |
| ROCE | 11.1 | 12.17 | worse |
| ROA | 5.41 | 4.93 | better |
| Quick Ratio | 0.65 | 0.85 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| MRF | 22.0 | 2.5 | 11.6% |
| Balkrishna Ind | 32.6 | 4.0 | 12.2% |
| CEAT | 27.8 | 2.9 | 11.5% |
Revenue has grown every year across all 4 financial years shown. 5% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is growing faster than revenue (9% vs 5%) — margin expansion is at work.
Operating margins have been stable around 5% — no major structural shift.
ROE at 8% — modest; the capital isn't working hard.
10% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 2.7× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating.
Profit fell 45% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 36.9% — dispersed ownership; institutional flows drive the stock. FIIs trimmed 2.2pp — foreign money is rotating out. MF holding up 4.2pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.