Trending stocks: Apollo Tyres shares down nearly 2%

NEW DELHI: Shares of Apollo Tyres Ltd. traded 1.61 per cent down in Tuesday's trade at 11:36AM (IST). Around 116,092 shares changed hands on the counter.

The counter opened at Rs 117.4 and touched an intraday high and low of Rs 118.25 and Rs 115.55, respectively, in the session so far. Shares of the company of Apollo Tyres Ltd. quoted a 52-week high of Rs 196.7 and a 52-week low of Rs 73.55.

Total market cap of the Apollo Tyres Ltd. stood at Rs 6627.2 crore at the time of writing this report.


The company has decided to cut its capital expenditure (capex) by Rs 400 crore this fiscal amid a challenging business environment due to the coronavirus pandemic, according to a senior company official.

Key Financials
The company reported consolidated sales of Rs 3551.22 crore for the quarter ended 31-Mar-2020, down 18.31 per cent from previous quarter's Rs 4347.16 crore and down 14.97 per cent from the year-ago quarter's Rs 4176.26 crore.

The net profit for latest quarter stood at Rs 77.864 crore, down 7.3 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 16.05 per cent stake in the company, while foreign institutional investors held 22.89 per cent and the promoters 40.44 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.91 and a price-to-book ratio of 0.67. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Apollo Tyres Ltd. belongs to the Tyres & Tubes industry.