Apollo Tires Ltd.
Introduction to Apollo Tires
Apollo Tires Limited is a stock market company in the tires manufacturing sector. The company, founded in 1972 in Gurgaon, India, manufactures and sells tires under its two brands, Apollo and Vredestein. Apollo Tires produces a wide range of tires, including passenger car tires, alloy wheels, winter tires, commercial tires, agricultural radial tires, and bike tires.
Apollo Tires Share Company Information
The market cap of Apollo Tires Ltd. is Rs 24,314.84 crore, with a current debt of Rs 4,075.46 crore. The company’s promoter holding stands at 37.34%, and it has free cash availability of Rs 510.66 crore. The sales growth of the company is recorded at 18.10%, with a profit growth of 121.68%. If the company reduces its debt, the Apollo Tires share price target for 2023 could reach Rs 410 and Rs 450.
Apollo Tires Share Price Target 2024
Apollo Tires has delivered impressive returns to its investors, with 24% returns in the last 6 months, 53% returns in the last 1 year, 48.6% returns in the last 3 years, and 9% returns in the last 5 years. Looking ahead, the Apollo Tires share price target for 2024 could reach Rs 475 for the first target and Rs 500 for the second target.
Apollo Tires Share Price Target 2025
Apollo Tires achieved an annual net profit of Rs 578 crore in March 2023, surpassing its previous annual result in 2022. The company’s quarterly net profit in June 2023 reached Rs 302 crore, indicating strong growth on both a quarterly and yearly basis. If this growth continues, the Apollo Tires share price target for 2025 could reach Rs 530 for the first target and Rs 560 for the second target.
Apollo Tires Share Price Target 2030
Considering the share holding pattern of Apollo Tires Ltd., the promoter’s holding stands at 37.34%, while FII holds 23.33%, the public holds 20.45%, and DII holds 18.87%. If the company increases its promoter holding in the future, the Apollo Tires share price target for 2030 could reach Rs 1100 for the first target and Rs 1200 for the second target.
Apollo Tires Share Strengths
- The company has free cash availability of Rs 510 crore.
- Apollo Tires has delivered a 53% return in the last 1 year.
- The company has registered a revenue growth of 16% in the last 3 years.
Apollo Tires Share Weaknesses
- The company has a debt of Rs 4,075 crore.
- The promoter holding of the company is recorded at 37.34%.
- The company has registered a profit growth of 4% in the last 3 years.
Conclusion: Apollo Tires Ltd. is a company with certain strengths and weaknesses. It has a debt of Rs 4,075 crore, but its promoter holding is considered good at 37.34%. If you are considering investing in Apollo Tires, it is advisable to consult a special advisor for expert advice.
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