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Apollo Tyres Limited (APOLLOTYRE) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹276B

AT Apollo Tyres Limited APOLLOTYRE · BSE
Price₹428.60
Fair Value₹476.74
Upside+11.2%
Quality60/100
Healthy Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Narrow moat 33/100
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Evidence: High Range ₹357.23 – ₹595.93 Share as image

Fair value as of: Aug 3, 2026

From 24 valuation models · updated today

Share price −0.8% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • Our model range runs from ₹357.23 (bear) to ₹595.93 (bull), base ₹476.74. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 60/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹548.18 ₹162.44 Fair Value ₹476.74 Mar 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 3, 2026.

How to read this chart

60‑month range ₹162.44 – ₹548.18 · fair‑value band ₹357.23 – ₹595.93 · the ₹428.60 price screens below the ₹476.74 fair value. Dashed = 300-day average. As of Aug 3, 2026.

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Analysis

Apollo Tyres Limited (APOLLOTYRE) currently trades at ₹428.60, while our model-based Fair Value estimate is ₹476.74, implying the stock looks roughly 11.2% undervalued today. We read business quality at 60/100 (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 ₹267B at a net margin of 3.0%. Revenue grew 6.1% year over year. It earns a return on equity of 5.3%. Net debt stands at ₹16.0B. Fundamentals as of Aug 3, 2026

Our scenario range runs from ₹357.23 (bear case) to ₹595.93 (bull case); at ₹428.60, the current price sits within that range. The share trades about 20% below its 52-week high and 18% 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 11%, 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 BearBaseBull Evidence
Highest evidence
Growth DCF ₹436.78 ₹680.13 ₹1,052 80
Residual Income ₹224.64 ₹243.38 ₹311.37 76
Rev-Margin DCF ₹383.62 ₹624.22 ₹906.43 74
All 24 models by family
DCF Models
FCF DCF ₹429.24 ₹705.82 ₹1,158 38
Owner Earnings ₹284.21 ₹468.93 ₹770.90 31
5Y Revenue Exit ₹383.62 ₹624.63 ₹934.26 39
5Y EBITDA Exit ₹526.26 ₹895.68 ₹1,332 41
5Y P/E Exit ₹331.93 ₹526.40 ₹731.28 38
10Y Revenue Exit ₹383.12 ₹612.16 ₹924.98 36
10Y EBITDA Exit ₹489.17 ₹806.35 ₹1,241 37
10Y P/E Exit ₹361.67 ₹541.80 ₹764.12 35
Earnings-Based
Graham-Dodd ₹147.36 ₹493.27 ₹660.62 54
Lynch FV ₹112.10 ₹160.14 ₹208.18 50
PEG = 1.0 ₹112.10 ₹160.14 ₹208.18 46
EPV ₹372.04 ₹439.01 ₹498.54 59
Multiples
P/E Multiple ₹325.05 ₹433.40 ₹541.75 63
P/S Multiple ₹276.29 ₹368.39 ₹460.49 58
P/B Multiple ₹276.29 ₹368.39 ₹460.49 55
EV/EBIT ₹561.80 ₹751.55 ₹941.30 53
EV/EBITDA ₹641.22 ₹857.44 ₹1,074 54
EV/Revenue ₹376.26 ₹540.71 ₹705.16 43
Asset-Based
NCAV (Graham) ₹131.96 ₹176.83 ₹263.93 50
Growth DCF
Growth DCF ₹436.78 ₹680.13 ₹1,052 80
Rev-Margin DCF ₹383.62 ₹624.22 ₹906.43 74
Economic Profit
Residual Income ₹224.64 ₹243.38 ₹311.37 76
ROIC Compounder ₹398.71 ₹524.22 ₹684.53 72
Growth Earnings
Growth-Adj P/E ₹277.38 ₹396.26 ₹515.14 68

Widest divergence: Growth DCF (₹624.22) versus Earnings-Based (₹160.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹267B
Revenue growth (YoY) +6.1%
Net margin 3.0%
Return on equity 5.3%
Free cash flow ₹22.6B FY2026
P/E ratio 29.8
More key figures
Operating margin 9.3%
EPS (TTM) ₹14.60
EPS growth (YoY) -13.0%
Net debt ₹16.0B FY2026

Figures from reported company fundamentals · as of Aug 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 65 · Market factors (momentum, volatility) 51

Profitability 51
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 84
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 the Asia Pacific, the Middle East, Africa, Europe, and internationally. It offers commercial, passenger vehicles, two-wheelers, farm, industrial, trucks and buses, off highway, light trucks, agricultural, and bicycle tyres.

Full company description

Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in the Asia Pacific, the Middle East, Africa, Europe, and internationally. It offers commercial, passenger vehicles, two-wheelers, farm, industrial, trucks and buses, off highway, light trucks, agricultural, 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 ₹282B in FY2026 versus ₹209B in FY2022, a compound +7.7%/yr. Reported net income was ₹13.7B in FY2026, compounding +21.1%/yr from FY2022.

Growth Quality 81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹282B
Latest YoY
+8.0%
Avg. growth/yr (3Y)
+4.7%
Avg. growth/yr (5Y)
+10.2%
Avg. growth/yr (12Y)
+6.5%
Revenue +7.7%/yr
FY22 ₹209B
FY23 ₹246B
FY24 ₹254B
FY25 ₹261B
FY26 ₹282B
Net income +21.1%/yr
FY22 ₹6.4B
FY23 ₹10.5B
FY24 ₹17.2B
FY25 ₹11.2B
FY26 ₹13.7B

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

Peer Group

Auto Parts · 657 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 60 · Top 25%
Fair Value upside +11% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 5% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.09× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 29.8× · Pricier than median
P/B 1.65× · Cheaper than median
P/S (TTM) 1.03× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 8.6× · Cheaper than median
PEG 0.27× · Cheaper than 75% of peers

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 3, 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%
Sona BLW Precision Forgings Limited SONACOMS ₹660.10 ₹207.06 -69%

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Frequently asked questions

Is Apollo Tyres Limited (APOLLOTYRE) overvalued or undervalued?
As of Aug 3, 2026, our model estimates a fair value of ₹476.74 versus a price of ₹428.60, about +11% (undervalued).
What is the fair value of APOLLOTYRE?
Our model-based fair value for Apollo Tyres Limited is ₹476.74 (as of Aug 3, 2026), built from audited fundamentals. The current price is ₹428.60.
What is the quality score of APOLLOTYRE?
Apollo Tyres Limited has a Quality Score of 60/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Apollo Tyres Limited (APOLLOTYRE)?
Apollo Tyres Limited reported trailing-twelve-month revenue of about ₹267B (latest available figure, as of Aug 3, 2026).
What is the net profit margin of APOLLOTYRE?
The net profit margin of Apollo Tyres Limited is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.

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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