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Apollo Tyres Limited (APOLLOTYRE) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹272B

AT Apollo Tyres Limited APOLLOTYRE · NSE
Price₹445.15
Fair Value₹477.30
Upside+7.2%
Quality59/100
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Healthy Growth
Thin margins · 4.8% net margin
Low debt · generates free cash flow
1.42% dividend yield
Ranks above peers (12/14)
Narrow moat 38/100
Evidence: High Range ₹343.14 – ₹596.63 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Share price +1.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹343.14 (bear) to ₹596.63 (bull), base ₹477.30. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹554.41 ₹162.02 Fair Value ₹477.30 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹162.02 – ₹554.41 · fair‑value band ₹343.14 – ₹596.63 · the ₹445.15 price screens below the ₹477.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Apollo Tyres Limited (APOLLOTYRE) currently trades at ₹445.15, while our model-based Fair Value estimate is ₹477.30, implying the stock looks roughly 7.2% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Apollo Tyres Limited generated revenue of ₹285B at a net margin of 4.8%. Revenue grew 14.2% year over year. It earns a return on equity of 8.7%. Net debt stands at ₹26.3B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹343.14 (bear case) to ₹596.63 (bull case); at ₹445.15, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 7%, APOLLOTYRE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹387.80 ₹671.99 ₹1,166 80
Residual Income ₹225.29 ₹244.12 ₹310.89 76
Rev-Margin DCF ₹366.58 ₹626.31 ₹946.79 74
All 26 models by family
DCF Models
FCF DCF ₹385.29 ₹677.69 ₹1,183 38
Owner Earnings ₹301.50 ₹531.47 ₹928.94 31
5Y Revenue Exit ₹366.58 ₹630.87 ₹981.33 39
5Y EBITDA Exit ₹483.76 ₹863.11 ₹1,327 41
5Y P/E Exit ₹340.01 ₹578.20 ₹840.23 38
10Y Revenue Exit ₹356.99 ₹610.09 ₹979.21 36
10Y EBITDA Exit ₹447.96 ₹780.37 ₹1,265 37
10Y P/E Exit ₹352.04 ₹571.47 ₹862.85 35
Earnings-Based
Graham-Dodd ₹147.53 ₹591.00 ₹803.49 54
Lynch FV ₹147.01 ₹210.01 ₹273.02 50
PEG = 1.0 ₹147.01 ₹210.01 ₹273.02 46
EPV ₹362.71 ₹427.99 ₹486.02 59
Dividend Discount
Gordon GGM ₹81.89 ₹178.77 ₹300.79 70
DDM Multi-Stage ₹81.89 ₹146.45 ₹186.31 61
Multiples
P/E Multiple ₹357.98 ₹477.30 ₹596.63 63
P/S Multiple ₹276.62 ₹368.82 ₹461.03 58
P/B Multiple ₹276.62 ₹368.82 ₹461.03 55
EV/EBIT ₹547.68 ₹732.65 ₹917.62 53
EV/EBITDA ₹582.24 ₹778.73 ₹975.22 54
EV/Revenue ₹366.82 ₹527.13 ₹687.44 43
Asset-Based
NCAV (Graham) ₹132.12 ₹177.04 ₹264.24 50
Growth DCF
Growth DCF ₹387.80 ₹671.99 ₹1,166 80
Rev-Margin DCF ₹366.58 ₹626.31 ₹946.79 74
Economic Profit
Residual Income ₹225.29 ₹244.12 ₹310.89 76
ROIC Compounder ₹397.68 ₹544.84 ₹748.59 72
Growth Earnings
Growth-Adj P/E ₹265.36 ₹379.09 ₹492.82 68

Widest divergence: Growth DCF (₹626.31) versus Dividend Discount (₹146.45). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹285B
Revenue growth (YoY) +14.2%
Net margin 4.8%
Return on equity 8.7%
Free cash flow ₹19.2B FY2026
P/E ratio 19.9
More key figures
Operating margin 9.2%
EPS (TTM) ₹21.66
Dividend yield 1.4%
EPS growth (YoY) +243%
Net debt ₹26.3B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 54

Profitability 46
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. It offers commercial, passenger vehicles, two-wheelers, industrial, trucks and buses, off highway vehicals, light trucks, agricultural, earthmover, and bicycle tyres. The company provides its products under the Apollo Tyres and Vredestein brands.

Full company description

Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. It offers commercial, passenger vehicles, two-wheelers, industrial, trucks and buses, off highway vehicals, light trucks, agricultural, earthmover, and bicycle tyres. The company provides its products under the Apollo Tyres and Vredestein brands. Apollo Tyres Limited was incorporated in 1972 and is headquartered in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Apollo Tyres Limited reported revenue of ₹285B in FY2026 versus ₹206B in FY2022, a compound +8.5%/yr. Reported net income was ₹13.7B in FY2026, compounding +21.1%/yr from FY2022.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹285B
Latest YoY
+10.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.9%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.0%
Revenue +8.5%/yr
FY22 ₹206B
FY23 ₹241B
FY24 ₹250B
FY25 ₹258B
FY26 ₹285B
Net income +21.1%/yr
FY22 ₹6.4B
FY23 ₹10.5B
FY24 ₹17.2B
FY25 ₹11.2B
FY26 ₹13.7B
Character of growth · EPS growth decomposed (2015-2026) +0.6 % p.a.
Revenue per share +6.0 pp

of which total revenue +8.7 pp · buybacks/dilution −2.6 pp

EBIT margin −2.4 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −3.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Apollo Tyres Limited Fair Value". https://www.fairvalue-calculator.com/stock/APOLLOTYRE

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Auto Parts · 643 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside +7% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 19.9× · Cheaper than median
P/B 1.63× · Pricier than median
P/S (TTM) 0.96× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 6.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 43 · sector 17
FUTURE 71 · sector 24
PAST 35 · sector 26
HEALTH 96 · sector 95
DIVIDEND 28 · sector 30

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

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Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
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Frequently asked questions

Is Apollo Tyres Limited (APOLLOTYRE) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹477.30 versus a price of ₹445.15, about +7% (fairly valued).
What is the fair value of APOLLOTYRE?
Our model-based fair value for Apollo Tyres Limited is ₹477.30 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹445.15.
What is the quality score of APOLLOTYRE?
Apollo Tyres Limited has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Apollo Tyres Limited (APOLLOTYRE)?
Apollo Tyres Limited reported trailing-twelve-month revenue of about ₹285B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of APOLLOTYRE?
The net profit margin of Apollo Tyres Limited is about 4.8%, meaning it keeps roughly 4.8% of revenue as net income. Based on the latest reported figures.
Does Apollo Tyres Limited pay a dividend?
Apollo Tyres Limited currently shows a dividend yield of about 1.42% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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