Manufactures and sells tyres, primarily for passenger vehicles and trucks, across three reporting regions. APMEA (Asia Pacific, Middle East and Africa) is the largest, accounting for 63.2% of FY26 segment revenue at ₹20,206.263 crore, with both replacement and original equipment (OE) channels in India posting strong volume growth. Europe operations contributed 27.7% at ₹8,855.83 crore, with manufacturing now consolidated in Hungary following the closure of the Enschede plant in the Netherlands on June 30, 2026. The Others segment (Americas and other regions) contributed 9.1% at ₹2,907.453 crore. Consolidated Q4 FY26 revenue reached ₹73.4 bn (+14% YoY) at a 14.6% EBITDA margin. Fresh passenger-vehicle OE approvals were secured from BMW, MINI, Genesis, KIA and Mahindra. Capacity utilisation stood at 90% across India and Europe operations. The largest cost line is raw materials at 46.4% of revenue, followed by other operating expenses at 18.4% and employees at 12.4%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. APMEA (63%), Europe (28%), Others (9%). Cyclical, asset-heavy multi-region tyre manufacturer exposed to natural rubber price volatility
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 20,948 | 24,568 | 25,378 | 26,123 | 28,471 |
| EBITDA (ex other income) | 2,568 | 3,336 | 4,370 | 3,403 | 3,110 |
| margin % | 12.3 | 13.6 | 17.2 | 13.0 | 10.9 |
| Owners' profit | 639 | 1,105 | 1,722 | 1,121 | 1,372 |
| EPS, as reported (₹) | 10.06 | 17.39 | 27.11 | 17.66 | 21.66 |
| ROE % · ROCE % | 5.4 · 6.7 | 8.6 · 10.1 | 12.4 · 15.3 | 7.6 · 10.0 | 8.2 · 8.0 |
| Debt / equity (x) | 0.52 | 0.43 | 0.28 | 0.23 | 0.16 |
| Cash from operations | 2,239 | 2,134 | 3,440 | 1,823 | 3,667 |
| Capex | (1,846) | (775) | (730) | (769) | (1,403) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,437 | 6,928 | 6,424 | 6,561 | 6,831 | 7,743 | 7,336 | 7,398 |
| Profit before tax | 399 | 464 | 260 | 38 | 386 | 723 | 161 | 468 |
| Net profit | 297 | 337 | 185 | 13 | 258 | 471 | 631 | 349 |
| EPS (₹) | 4.68 | 5.31 | 2.91 | 0.20 | 4.07 | 7.43 | 9.97 | 5.52 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| APMEA | 20,206 | 63.2 |
| Europe | 8,856 | 27.7 |
| Others | 2,907 | 9.1 |
| Total, before eliminations | 31,970 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MRF LTD | 54,594 | 22.6 | 2.60 | 10.6 | 11.6 | 14.0 | 14.0 | 14.1 |
| BALKRISHNA IND. LTD |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Apollo Tyres announces postal ballot remote e-voting dates | compliance | minimal | — | — |
| 7 Sept 2026 · Apollo Tyres: Postal Ballot for Whole-time Director Appointment | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Apollo Tyres gets ESG rating of 68 from NSE Sustainability for FY2026 | business updates | medium | — | — |
| 29 Aug 2026 · Pledge on 9.93 percent Apollo Tyres shares released | ownership changes | medium | — | — |
| 25 Aug 2026 · Apollo Tyres fixes cut-off date for postal ballot on director appointment | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Apollo Tyres appoints Rajeev Kumar Sinha as Executive Director | management changes | high | — | — |
| 13 Aug 2026 · Apollo Tyres appoints Rajeev Kumar Sinha as Whole-time Director for 5 years | management changes | high | — | — |
| 12 Aug 2026 · Apollo Tyres: Monthly report on physical share transfer requests | compliance | minimal | — | — |
| 11 Aug 2026 · Apollo Tyres Q1 FY27 call: CFO resigns, margins under raw material pressure | investor communications | medium | — | — |
| 10 Aug 2026 · Apollo Tyres promoter Raaja Kanwar: pledge invoked on 24,000 shares | ownership changes | critical | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 41,830 |
| 29.8 |
| 3.82 |
| 18.0 |
| 11.3 |
| 13.0 |
| 13.4 |
| 24.4 |
| APOLLO TYRES LTD ◆ | 26,554 | 15.5 | 1.59 | 8.7 | 8.2 | 6.2 | 10.4 | 12.8 |
| CEAT LIMITED | 13,140 | 22.5 | 2.60 | 8.0 | 13.8 | 12.8 | 15.6 | 8.4 |
| JK TYRE & INDUSTRIES LTD | 10,235 | 15.3 | 1.69 | 7.6 | 12.8 | 9.9 | 12.4 | 7.1 |
| TVS SRICHAKRA LIMITED | 3,982 | 43.1 | 3.35 | 16.0 | 6.0 | 6.3 | 13.4 | 8.8 |
| GOODYEAR INDIA LIMITED | 1,661 | 27.0 | 2.74 | — | 10.1 | 12.2 | — | 4.3 |
| MEGAMONT LIMITED | 537 | 58.5 | 15.90 | 56.6 | 18.4 | 21.3 | — | 2.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.5 | 22.6 | 5 of 15 | 71% |
| P/B | 1.6 | 2.6 | 6 of 16 | 67% |
| ROCE | 6.2 | 9.9 | 11 of 17 | 38% |
| ROE | 8.2 | 9.9 | 10 of 17 | 44% |
| Debt / Equity | 0.2 | 0.4 | 8 of 17 | 56% |
| EBITDA margin | 12.8 | 7.6 | 3 of 16 | 87% |
| Revenue growth | 12.8 | 10.1 | 6 of 15 | 64% |
| Profit growth | 2609.1 | (5.8) | 1 of 16 | 100% |
| Market cap | 26554 | 352 | 3 of 17 | 88% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
