Apollo Tyres Share Price Target 2024, 2025, 2030, 2040, 2050
Apollo Tyres is one of the oldest companies which makes and sells tyres. It was established in 1972. The headquarters is in Haryana. It has multiple factories in the country and it also supplies its products outside the country. The company made tyres for multiple vehicles.
What is Apollo Tyres Ltd NSE: APOLLOTYRE?
Contents
- 1 What is Apollo Tyres Ltd NSE: APOLLOTYRE?
- 2 Apollo Tyres share price Target Tomorrow
- 3 Apollo Tyres Share Price Target 2024
- 4 Apollo Tyres Share Price Target 2025
- 5 Share Price Target 2030
- 6 Share Price Target 2040
- 7 Share Price Target 2050
- 8 Should I Buy Apollo Tyres Stock?
- 9 Apollo Tyres Ltd Earning Results
- 10 Is Apollo Tyres Stock Good to Buy? (Bull case & Bear case)
- 11 Conclusion
- 12 FAQs
Apollo started in 1972 and makes different types of tyres and tubes. It has five factories in India two in Cochin and one each in Vadodara, Chennai, and Andhra Pradesh. Its tyres are used for trucks, small trucks, cars, and farm vehicles in India. The company sells tyres to both new vehicle makers and to replace old tyres. It sells its products in Asia, the Middle East, Africa, Europe, and other regions. It also has other companies like Apollo Tyres (NL) B.V. and Apollo Tyres AG.
It is best to wait and see how it moves in the first half of the day. Because the overall trend is up but for the day time frame it is stuck in range and it is in the middle of support and resistance, if it makes and reveals a candle in price level 480 you can go with an upward direction. If it looks weak in the second half, it might stay weak tomorrow. If it looks strong in the second half, it could stay strong in the next trading session too. For tomorrow its price target would be ₹532.
The price would be between -₹14 to +₹18.
| day | Minimum Price (Rs) | Maximum Price (Rs) |
| tomorrow | -₹14 | +₹18 |
It is a popular tyre brand in India and worldwide. The company makes tyres for all kinds of vehicles. As the auto industry is growing well every year, it is helping this company’s business too. Because it is a strong company, it is likely to benefit from this growth and its financial performance should get better. As demand for tyres goes up, Apollo Tyres’ share price target will be ₹750 in 2024.
The price will be between ₹442 to ₹750 in 2024.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 442 | 750 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 442 | 541 |
| February | 494 | 551 |
| March | 436 | 539 |
| April | 447 | 511 |
| May | 450 | 512 |
| June | 424 | 541 |
| July | 500 | 558 |
| August | 447 | 560 |
| September | 480 | 600 |
| October | 493 | 613 |
| November | 495 | 650 |
| December | 502 | 750 |
The company is working hard to grow its business in India and other countries. In Europe, it has about 7,000 dealers and 11 sales offices. The company plans to grow its business in 6 more countries and open 38 new stores in Germany. The company is changing its products to meet the needs of foreign markets, which is helping it to slowly grow its business internationally. Most of its money comes from India, the company is making new plans to grow in other markets, which could lead to fast growth in exports in the next few years. As Apollo Tyres expands into new markets, its share price target for 2025 could be ₹880.
In 2025, its price would be between ₹500 to ₹880.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 500 | 880 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 500 | 723 |
| February | 510 | 730 |
| March | 528 | 741 |
| April | 540 | 753 |
| May | 551 | 772 |
| June | 560 | 780 |
| July | 588 | 800 |
| August | 595 | 811 |
| September | 607 | 824 |
| October | 616 | 832 |
| November | 630 | 840 |
| December | 655 | 880 |
The company has added many new dealers, which has helped it expand its market. In the future, this company plans to add more dealers in rural areas where there is less competition. This will help the company grow its market share faster. They recently introduced a new product called Vredestein in India, which is also helpful in the agriculture sector.
Also, this company invest in research and development which can lead to new and exciting tyre technologies, such as self-healing tyres or tyres that change pressure based on the road. These improvements will help it stay a top brand and make its products more valuable. In 2030, its share price target would be ₹1900.
By 2030, its price would be between ₹1600 to ₹1900.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 1600 | 1900 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1600 | 1642 |
| February | 1620 | 1670 |
| March | 1637 | 1677 |
| April | 1650 | 1680 |
| May | 1668 | 1693 |
| June | 1680 | 1700 |
| July | 1711 | 1738 |
| August | 1730 | 1753 |
| September | 1750 | 1768 |
| October | 1787 | 1800 |
| November | 1790 | 1843 |
| December | 1832 | 1900 |
This company makes a big impact in the tyre industry worldwide by partnering with well-known companies like Audi, Hyundai, Tata, Volvo, Toyota, BMW, and Mahindra. They provide all kinds of tyres for these companies. Because of these strong partnerships, more new companies are starting to trust it. The company is working to make tyres that meet customer needs, which should help them grow. So in 2040, its share price target would be ₹4100.
Its price would be between ₹3801 to ₹4100 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 3801 | 4100 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3801 | 3844 |
| February | 3823 | 3867 |
| March | 3850 | 3881 |
| April | 3864 | 3894 |
| May | 3880 | 3900 |
| June | 3894 | 3931 |
| July | 3900 | 3940 |
| August | 3921 | 3950 |
| September | 3949 | 4000 |
| October | 3980 | 4031 |
| November | 4005 | 4053 |
| December | 4038 | 4100 |
The company is constantly increasing its focus on all types of tyre manufacturing to be a big player in the market. The management is completely focused on building a strong brand value of its business in all types of tyre segments in the coming time, for this the company is also seen investing a large amount in its R&D. If you see it at the present time, the company leading market share in the truck and bus tyre segment, but gradually Apollo Tyres is also seen paying a lot of attention to all other types of small and big tyre segments. So, by seeing all the factors its share price target would be ₹9000 in 2050.
By 2050, its price target would be between ₹8200 to ₹9000.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 8200 | 9000 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 8200 | 8311 |
| February | 8241 | 8331 |
| March | 8260 | 8350 |
| April | 8300 | 8397 |
| May | 8348 | 8431 |
| June | 8411 | 8507 |
| July | 8470 | 8570 |
| August | 8560 | 8685 |
| September | 8640 | 8768 |
| October | 8700 | 8843 |
| November | 8812 | 8860 |
| December | 8890 | 9000 |
Should I Buy Apollo Tyres Stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2024 | 442 | 750 |
| 2025 | 500 | 880 |
| 2030 | 1600 | 1900 |
| 2040 | 3801 | 4100 |
| 2050 | 8200 | 9000 |
This company is one of the oldest companies which makes tyres for all types of vehicles. The company supplies its product not only in India but also in foreign countries. It has multiple factories in India and outside the country. The company is one of the top competitors in the market and it invests a lot of money in research and development to be in the top.
Apollo Tyres Ltd Earning Results
| Mcap Full (Cr.) | 32,199.62 |
| Turnover (Cr.) | 5.30 |
| TTQ (Lakh) | 1.05 |
| EPS (TTM) | 16.43 |
| CEPS (TTM) | 30.91 |
| PE/PB | 30.86 / 3.08 |
| ROE | 9.99 |
| Face Value1.00 | Face Value1.00 |
| OPM % | 13.32 |
| Cash EPS | 6.63 |
| EPS | 3.02 |
| Net Profit | 191.97 |
| Revenue | 4,591.59 |
Is Apollo Tyres Stock Good to Buy? (Bull case & Bear case)
Bull Case:
- The company works with big companies like Audi and Hyundai.
- The company is developing new tyre technologies, which could increase demand and growth.
- The company is growing in new areas, like India, and serving different types of vehicles.
- It gives very good returns to its investors every year.
Bear Case:
- The tyre industry has much competition.
- Problems with production or supply chains could affect the company’s performance.
- Stock prices can be unpredictable and may vary due to broader market conditions or company news.
Conclusion
This company is one of the tough competitors in the making sector. This is the type of product which is regularly used by the people who have vehicles and the big riches which have its work in daily routine is need its products at regular intervals of time. In short, we can say that the product is well demand. In this article, we have discussed about this companies all the details which we should know before investing.
