INSUBCONTINENT EXCLUSIVE:
Independent analyst Kunal Bothra has a buy call on Apollo Tyres Ltd
with a target price of Rs 236
The current market price of Apollo Tyres Ltd
is Rs 222.4 Time period given by the analyst is Intra Day when Apollo Tyres Ltd
price can reach the defined target
Kunal Bothra recommended to keep stoploss at Rs 215
Apollo Tyres Ltd., incorporated in 1972, is a midcap company with a market cap of Rs 12722.39 crore.
Apollo Tyres Ltd
key Products/Revenue Segments include Tyres, Tubes Flaps which contributed Rs 9806.62 Crore to Sales Value (98.82 % of Total Sales),
Subsidy which contributed Rs 46.45 Crore to Sales Value (0.46 % of Total Sales), Other Operating Revenue which contributed Rs 41.28 Crore to
Sales Value (0.41 % of Total Sales), Scrap which contributed Rs 29.34 Crore to Sales Value (0.29 % of Total Sales)for the year ending
For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 4192.37 Crore, down -1.34 % from last quarter Sales
of Rs 4249.40 Crore and up 22.66 % from last year same quarter Sales of Rs 3418.01 Crore Company has reported net profit after tax of Rs
146.02 Crore in latest quarter
The company’s top management includes Dr.M Beena, Dr.S Narayan, GeneralBikram Singh, Mr.Akshay Chudasama, Mr.Francesco Gori, Mr.Neeraj
Kanwar, Mr.Nimesh N Kampani, Mr.Onkar S Kanwar, Mr.Robert Steinmetz, Mr.Sunam Sarkar, Mr.Vikram S Mehta, Mr.Vinod Rai, Mrs.Pallavi Shroff
Company has Deloitte Haskins Sells as its auditoRs As on 30-09-2018, the company has a total of 572,049,980 shares outstanding.
