Buy Apollo Tyres, target price Rs 250: Emkay Global

Emkay Global has buy call on Apollo Tyres Ltd. with a target price of Rs 250. The current market price of Apollo Tyres Ltd. is Rs 204.1. 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 12962.41 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 31-12-2021, the company reported a Consolidated Total Income of Rs 5724.43 Crore, up 12.11 % from last quarter Total Income of Rs 5106.21 Crore and up 9.72 % from last year same quarter Total Income of Rs 5217.42 Crore. Company reported net profit after tax of Rs 223.50 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 37.34 per cent stake in the company as of 31-Mar-2022, while FIIs owned 23.51 per cent, DIIs 14.47 per cent.