Emkay Global has buy call on with a target price of Rs 290. The current market price of Apollo Tyres Ltd. is Rs 217.95.
Time period given by analyst is one year when Apollo Tyres Ltd. price can reach defined target.
Apollo Tyres Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 13857.90 Crore) operating in Tyres sector.
Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps, Other Operating Revenue, Others and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 5106.21 Crore, up 10.41 % from last quarter Total Income of Rs 4624.92 Crore and up 18.17 % from last year same quarter Total Income of Rs 4321.11 Crore. Company reported net profit after tax of Rs 173.72 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 37.34 per cent stake in the company as of 30-Sep-2021, while FIIs owned 24.07 per cent, DIIs 14.44 per cent.
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