Searching for Apollo Tyres share price target is a common practice among investors because the target price provides them with peace of mind. If you are one of those individuals, you are most welcome to this page, where I have included the target prices for 2024, 2025, 2026, and up to 2050.
Not only have I provided the target prices, but I have also covered stock fundamental analysis, growth factors, etc., as they are the most important considerations when predicting the stock price’s future.
This information will help you learn to predict and analyze a stock for trading or investing, making you more self-reliant. So, without further ado, let’s begin the analysis.
About Apollo Tyres
Apollo Tyres Limited is an Indian multinational tire manufacturing company with its headquarters in Gurugram, Haryana. Established in 1972, the company’s first plant was commissioned in Perambra, Chalakudy, Kerala.
The company boasts an extensive network of nearly 5,000 dealerships in India, with over 2,500 exclusive outlets. A significant portion of its revenue, 69%, is generated domestically, while 26% comes from Europe, and the remaining 5% is derived from other countries.
Apollo Tyres Limited owns two tire brands, namely Apollo and Vredestein. The Apollo brand primarily focuses on manufacturing tires for the Indian Subcontinent. On the other hand, the Vredestein brand, with over 110 years of history, operates in Europe and holds a distinguished premium status in the industry.
In terms of revenue distribution, the majority, 42%, comes from trucks and buses tires, followed by passenger vehicles at 36%. Farm/off-highway tires contribute 11%, light truck tires make up 5%, and other products account for the remaining 6% of revenues.
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Apollo Stock Fundamental Analysis
Data As of 15th December 2023
Current Market Price | Rs. 451 |
Market Cap | Rs. 28,614 Crore |
P/E Ratio | 18 |
EPS | 25.05 |
52 Week High | Rs. 476 |
52 Week Low | Rs. 302 |
Book Value | Rs. 204 |
Dividend Yield | 0.89% |
ROCE | 10.2% |
ROE | 8.77% |
Promoters Holding | 37.34% |
FIIs Holding | 22.10% |
DIIs Holding | 17.74% |
Public Holding | 21.26% |
Apollo Tyres maintains a comfortable debt-to-equity ratio of 0.43. Over the past 10 years, the company has experienced a compounded sales growth rate of 7%, which increased to 11% over the last 5 years, followed by a notable 15% over the past 3 years, and a steady 9% on a trailing twelve-month (TTM) basis.
In terms of profit, Apollo Tyres has demonstrated a compound annual growth rate (CAGR) of 6% over the last decade, escalating to 8% over the past 5 years, an impressive 32% over the last 3 years, and a remarkable 125% on a TTM basis.
Despite the modest sales and profit growth, the company’s stock price has delivered strong returns to investors. The compound annual growth rate for the stock price stands at 18% over the past 10 years, 14% over the last 5 years, a substantial 32% over the past 3 years, and a noteworthy 39% in the last year.
In summary, Apollo Tyres exhibits sound fundamentals and is poised to yield favorable returns in the future. Positioned in a growing market with moderate competition, the company’s main peers include MRF, CEAT, JK Tyre, and Balkrishna Industries.
Apollo Tyres Share Price Target 2024 to 2050
Pinpointing future stock prices is no easy feat, especially in the dynamic world of finance. But by scrutinizing a company’s fundamentals and growth prospects, we can gain valuable insights. In the case of Apollo Tyres, we see a strong contender poised to benefit from several promising trends.
We’ve carefully examined Apollo Tyres’ financial standing, market presence, expansion plans, and technological innovations. We’ve also considered the burgeoning electric vehicle market, government initiatives favoring domestic tyre production, and the company’s strategic acquisitions and partnerships.
![apollo tyres share price target 2024 to 2050](https://sharekingz.com/wp-content/uploads/2023/12/apollo-tyres-share-price-target-1024x588.webp)
With these critical factors in mind, we’ve formulated potential price targets for Apollo Tyres, venturing into the coming decades. Please find the Apollo Tyres stock price prediction in the table below:
Year | Apollo Tyres Share Price Target |
2024 | Rs. 544 |
2025 | Rs. 642 |
2026 | Rs. 752 |
2027 | Rs. 850 |
2028 | Rs. 986 |
2029 | Rs. 1,173 |
2030 | Rs. 1,290 |
2031 | Rs. 1,509 |
2032 | Rs. 1,675 |
2033 | Rs. 1,843 |
2034 | Rs. 2,138 |
2035 | Rs. 2,437 |
2036 | Rs. 2,730 |
2037 | Rs. 3,166 |
2038 | Rs. 3,641 |
2039 | Rs. 4,115 |
2040 | Rs. 4,855 |
2041 | Rs. 5,535 |
2042 | Rs. 6,254 |
2043 | Rs. 7,193 |
2044 | Rs. 7,696 |
2045 | Rs. 8,389 |
2046 | Rs. 9,395 |
2047 | Rs. 10,711 |
2048 | Rs. 12,532 |
2049 | Rs. 14,161 |
2050 | Rs. 15,718 |
It’s important to remember that these estimates are not set in stone. Unexpected events, economic swings, and unforeseen disruptions can always change the path.
However, this table serves as a guidepost, offering a possible view of what the future might hold for Apollo Tyres’ share price.
Factors Affecting Apollot Tyres Share Price
Several factors can potentially impact Apollo Tyres’ share price in the coming years. Some of them are as follows:
Financial Performance
Profitability, debt levels, operational efficiency, and dividend policy can all influence investor sentiment and impact the stock price.
Product Innovation
Successfully developing and launching new technologies or catering to new market segments (e.g., high-performance tyres for EVs) could boost growth and investor confidence.
Expansion Strategies
Expanding production capacity, acquiring competitors, or entering new markets could unlock new growth avenues but also carry risks.
Management & Sustainability
Strong leadership, robust governance practices, and commitment to sustainability can attract ethical investors and enhance brand value.
Industry Trends
The overall health of the global tyre industry, growth in key markets like Europe and India, and the rise of electric vehicles will significantly impact demand.
Competition
Intensifying competition from domestic and international players can put pressure on margins and market share.
Raw Material Prices
Fluctuations in the prices of rubber, oil, and other raw materials can affect production costs and profitability.
Government Policies
Policies favoring domestic tyre production, trade regulations, and environmental regulations can significantly impact the company’s operations and costs.
Macroeconomic Conditions
Economic growth, inflation levels, and interest rates can influence consumer spending and overall market sentiment, affecting the stock price.
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FAQs Related to Apollot Tyres Stock Price Forecast
How will the growth of the electric vehicle market impact Apollo Tyres?
The growth of the electric vehicle (EV) market presents both opportunities and challenges for Apollo Tyres. While there are clear opportunities for growth, adapting to the changing landscape will be crucial for long-term success.
Is the stock currently in a bull or bear market?
As per the technical analysis, Apollo Tyres is currently in the bull market. Almost technical indicators are suggesting the buy signal for this share. However, you must do your own analysis before investing in any stock.
Conclusion:
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Disclaimer: The information provided on this website is intended for educational purposes only. Kindly refrain from interpreting it as a trading or investing recommendation.
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