Apollo Tyres Ltd
About
With a turnover of 2.3 billion dollars, Apollo Tyres Ltd. is one of the leading tire manufacturers in India. The company has 7 manufacturing units all over the world, 5 of which are in India and 1 each in the Netherlands and Hungary. Apollo Tyres acquired Apollo Vredestein BV (originally Vredestein Banden BV) of the Netherlands in 2009 and Reifencom GmbH of Germany in 2015. Its products are also sold under two brands—Apollo and Vredestein—to over 100 countries all over the world. Its tire ranges include the Amazer, the Apterra, and the Alnac, among others. Its portfolio includes passenger cars, SUVs, MUVs, truck-buses, two-wheelers, light trucks, agriculture, industrial, specialty, bicycle, and off-road tires, as well as retreading material and tires.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 25301 1.5% | 24935 14.1% | 21847 27.0% | 17207 6.3% | 16182 -10.8% | 18142 20.1% | 15105 11.3% | 13567 13.4% | 11966 -6.0% | 12723 -6.0% | 13541 4.6% | 12950 4.1% | 12442 32.5% | 9392 17.1% | 8020 59.5% | 5027 - |
| Net Operating Income (INR Cr) | 25378 3.30% | 24568 17.28% | 20948 20.41% | 17397 6.40% | 16350 -6.83% | 17549 18.23% | 14843 12.62% | 13180 11.24% | 11849 -7.54% | 12815 -4.45% | 13412 4.79% | 12799 5.31% | 12153 37.05% | 8868 9.20% | 8121 62.93% | 4984 6.15% |
| Profit (INR Cr) | 1722 64.6% | 1046 63.8% | 639 82.4% | 350 -26.5% | 476 -29.9% | 680 -6.1% | 724 -34.1% | 1099 -2.1% | 1123 14.9% | 978 -2.7% | 1005 64.1% | 613 49.5% | 410 -6.9% | 440 -32.6% | 653 369.6% | 139 - |
| Assets (INR Cr) | 19779 -1.6% | 20106 -0.2% | 20152 -0.3% | 20202 9.8% | 18405 15.4% | 15950 4.2% | 15313 34.6% | 11376 35.4% | 8403 33.8% | 6282 -0.8% | 6332 2.3% | 6188 6.0% | 5839 16.3% | 5022 36.6% | 3675 64.0% | 2240 - |
| Net Worth (INR Cr) | 13899 10.5% | 12575 7.0% | 11749 2.7% | 11440 15.2% | 9927 -1.1% | 10037 2.7% | 9774 34.1% | 7287 10.4% | 6601 31.0% | 5039 10.2% | 4572 34.6% | 3398 20.1% | 2830 17.4% | 2409 22.6% | 1965 45.9% | 1347 14.2% |
| Employee Cost (INR Cr) | 2964 13.1% | 2620 1.8% | 2574 2.4% | 2513 1.3% | 2482 2.2% | 2430 12.7% | 2157 11.9% | 1927 22.7% | 1571 -2.5% | 1611 1.9% | 1581 7.5% | 1471 10.2% | 1335 17.7% | 1134 4.2% | 1088 162.3% | 415 - |
| Interest Cost (INR Cr) | 527 | 551 | 465 | 463 | 300 | 199 | 177 | 118 | 101 | 189 | 293 | 323 | 297 | 204 | 134 | 112 |
| Cash & Bank Balance (INR Cr) | 922 | 846 | 1081 | 2146 | 750 | 563 | 599 | 337 | 594 | 595 | 654 | 335 | 173 | 191 | 349 | 362 |
| Total Debt (INR Cr) | 4905 | 6421 | 7061 | 7334 | 6764 | 5111 | 4661 | 3437 | 1547 | 1106 | 1613 | 2651 | 2872 | 2480 | 1707 | 891 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.8% | 4.2% | 2.9% | 2.0% | 2.9% | 3.8% | 4.8% | 8.1% | 9.4% | 7.7% | 7.4% | 4.7% | 3.3% | 4.7% | 8.2% | 2.8% |
| Profit As % Of Assets | 8.7% | 5.2% | 3.2% | 1.7% | 2.6% | 4.3% | 4.7% | 9.7% | 13.4% | 15.6% | 15.9% | 9.9% | 7.0% | 8.8% | 17.8% | 6.2% |
| Profit As % Of Networth | 12.4% | 8.3% | 5.4% | 3.1% | 4.8% | 6.8% | 7.4% | 15.1% | 17.0% | 19.4% | 22.0% | 18.0% | 14.5% | 18.3% | 33.3% | 10.3% |
| Interest Cost to EBITDA % | 12.0% | 16.5% | 18.0% | 21.0% | 15.3% | 11.2% | 10.6% | 6.3% | 5.0% | 9.8% | 15.9% | 21.9% | 25.9% | 21.0% | 11.3% | 26.5% |
| Debt to Equity Ratio | 0.35 | 0.51 | 0.60 | 0.64 | 0.68 | 0.51 | 0.48 | 0.47 | 0.23 | 0.22 | 0.35 | 0.78 | 1.01 | 1.03 | 0.87 | 0.66 |
| RONW | 13.0% | 8.6% | 5.5% | 6.7% | 4.8% | 8.4% | 8.5% | 15.8% | 19.3% | 20.3% | 25.2% | 19.7% | 15.7% | 20.2% | 39.5% | 11.0% |
| ROCE | 15.4% | 9.8% | 6.5% | 8.4% | 4.9% | 8.2% | 8.9% | 15.7% | 23.1% | 24.1% | 24.4% | 19.7% | 15.7% | 17.3% | 35.5% | 16.0% |