Apollo Tyres Limited
Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. It offers commercial, passenger vehicles, two-wheelers, industrial, trucks and buses, off highway vehicals, light trucks, agricultural, earthmover, and bicycle tyres. The company provides its products under the Apollo Tyres and Vredestein brands. Apollo Tyres Limited was incorporated in 19… Read more
Apollo Tyres Limited (APOLLOTYRE) - Net Assets
Latest net assets as of September 2025: ₹155.33 Billion INR
Based on the latest financial reports, Apollo Tyres Limited (APOLLOTYRE) has net assets worth ₹155.33 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹290.09 Billion) and total liabilities (₹134.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹155.33 Billion |
| % of Total Assets | 53.55% |
| Annual Growth Rate | 16.44% |
| 5-Year Change | 29.04% |
| 10-Year Change | 138.84% |
| Growth Volatility | 13.81 |
Apollo Tyres Limited - Net Assets Trend (2004–2025)
This chart illustrates how Apollo Tyres Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Apollo Tyres Limited (2004–2025)
The table below shows the annual net assets of Apollo Tyres Limited from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹147.66 Billion | +6.21% |
| 2024-03-31 | ₹139.02 Billion | +10.53% |
| 2023-03-31 | ₹125.78 Billion | +7.03% |
| 2022-03-31 | ₹117.52 Billion | +2.70% |
| 2021-03-31 | ₹114.43 Billion | +15.24% |
| 2020-03-31 | ₹99.30 Billion | -1.09% |
| 2019-03-31 | ₹100.40 Billion | +2.69% |
| 2018-03-31 | ₹97.77 Billion | +34.11% |
| 2017-03-31 | ₹72.90 Billion | +17.92% |
| 2016-03-31 | ₹61.82 Billion | +22.61% |
| 2015-03-31 | ₹50.42 Billion | +10.22% |
| 2014-03-31 | ₹45.75 Billion | +34.51% |
| 2013-03-31 | ₹34.01 Billion | +20.02% |
| 2012-03-31 | ₹28.34 Billion | +17.41% |
| 2011-03-31 | ₹24.13 Billion | +22.64% |
| 2010-03-31 | ₹19.68 Billion | +45.80% |
| 2009-03-31 | ₹13.50 Billion | +14.14% |
| 2008-03-31 | ₹11.82 Billion | +26.50% |
| 2007-03-31 | ₹9.35 Billion | +47.45% |
| 2006-03-31 | ₹6.34 Billion | +4.90% |
| 2005-03-31 | ₹6.04 Billion | +0.05% |
| 2004-03-31 | ₹6.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Apollo Tyres Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7012.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹95.45 Billion | 64.64% |
| Common Stock | ₹635.10 Million | 0.43% |
| Other Components | ₹51.57 Billion | 34.93% |
| Total Equity | ₹147.66 Billion | 100.00% |
Apollo Tyres Limited Competitors by Market Cap
The table below lists competitors of Apollo Tyres Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atlantica Sustainable Infrastructure PLC
NASDAQ:AY
|
$1.47 Billion |
|
S&T Bancorp Inc
NASDAQ:STBA
|
$1.47 Billion |
|
Shandong Humon Smelting Co Ltd
SHE:002237
|
$1.48 Billion |
|
EUROCOMM.PR. CERT.10EO 10
F:N4SA
|
$1.48 Billion |
|
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
F:MGYB
|
$1.47 Billion |
|
Inspire Medical Systems Inc
NYSE:INSP
|
$1.47 Billion |
|
Procept Biorobotics Corp
NASDAQ:PRCT
|
$1.47 Billion |
|
Polestar Automotive Holding UK PLC Class C-1 ADS (ADW)
NASDAQ:PSNYW
|
$1.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Apollo Tyres Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 139,021,850,000 to 147,656,990,000, a change of 8,635,140,000 (6.2%).
- Net income of 11,213,200,000 contributed positively to equity growth.
- Dividend payments of 3,810,610,000 reduced retained earnings.
- Other comprehensive income decreased equity by 2,226,890,000.
- Other factors increased equity by 3,459,440,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹11.21 Billion | +7.59% |
| Dividends Paid | ₹3.81 Billion | -2.58% |
| Other Comprehensive Income | ₹-2.23 Billion | -1.51% |
| Other Changes | ₹3.46 Billion | +2.34% |
| Total Change | ₹- | 6.21% |
Book Value vs Market Value Analysis
This analysis compares Apollo Tyres Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.37x to 1.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹18.05 | ₹421.95 | x |
| 2005-03-31 | ₹15.68 | ₹421.95 | x |
| 2006-03-31 | ₹16.54 | ₹421.95 | x |
| 2007-03-31 | ₹22.32 | ₹421.95 | x |
| 2008-03-31 | ₹25.01 | ₹421.95 | x |
| 2009-03-31 | ₹26.81 | ₹421.95 | x |
| 2010-03-31 | ₹39.04 | ₹421.95 | x |
| 2011-03-31 | ₹47.87 | ₹421.95 | x |
| 2012-03-31 | ₹56.20 | ₹421.95 | x |
| 2013-03-31 | ₹67.47 | ₹421.95 | x |
| 2014-03-31 | ₹90.65 | ₹421.95 | x |
| 2015-03-31 | ₹99.18 | ₹421.95 | x |
| 2016-03-31 | ₹121.45 | ₹421.95 | x |
| 2017-03-31 | ₹143.21 | ₹421.95 | x |
| 2018-03-31 | ₹181.42 | ₹421.95 | x |
| 2019-03-31 | ₹175.51 | ₹421.95 | x |
| 2020-03-31 | ₹173.59 | ₹421.95 | x |
| 2021-03-31 | ₹185.48 | ₹421.95 | x |
| 2022-03-31 | ₹185.04 | ₹421.95 | x |
| 2023-03-31 | ₹198.05 | ₹421.95 | x |
| 2024-03-31 | ₹218.90 | ₹421.95 | x |
| 2025-03-31 | ₹232.49 | ₹421.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Apollo Tyres Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.29%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.85x
- Recent ROE (7.59%) is below the historical average (13.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 12.01% | 3.77% | 1.31x | 2.43x | ₹121.19 Million |
| 2005 | 10.49% | 2.83% | 1.33x | 2.78x | ₹29.70 Million |
| 2006 | 14.27% | 3.45% | 1.36x | 3.04x | ₹270.96 Million |
| 2007 | 12.52% | 2.72% | 1.54x | 2.99x | ₹235.84 Million |
| 2008 | 22.81% | 5.75% | 1.67x | 2.37x | ₹1.51 Billion |
| 2009 | 10.31% | 2.55% | 1.74x | 2.32x | ₹41.90 Million |
| 2010 | 33.20% | 8.02% | 1.47x | 2.82x | ₹4.57 Billion |
| 2011 | 18.27% | 4.97% | 1.21x | 3.04x | ₹2.00 Billion |
| 2012 | 14.47% | 3.37% | 1.45x | 2.96x | ₹1.27 Billion |
| 2013 | 18.01% | 4.79% | 1.50x | 2.52x | ₹2.73 Billion |
| 2014 | 21.97% | 7.55% | 1.47x | 1.98x | ₹5.48 Billion |
| 2015 | 19.39% | 7.68% | 1.48x | 1.71x | ₹4.73 Billion |
| 2016 | 18.16% | 9.57% | 1.06x | 1.80x | ₹5.05 Billion |
| 2017 | 15.08% | 8.41% | 0.85x | 2.10x | ₹3.70 Billion |
| 2018 | 7.40% | 4.93% | 0.73x | 2.06x | ₹-2.54 Billion |
| 2019 | 6.77% | 3.94% | 0.85x | 2.01x | ₹-3.24 Billion |
| 2020 | 4.80% | 2.96% | 0.69x | 2.34x | ₹-5.17 Billion |
| 2021 | 3.06% | 2.07% | 0.65x | 2.28x | ₹-7.94 Billion |
| 2022 | 5.43% | 3.10% | 0.76x | 2.31x | ₹-5.37 Billion |
| 2023 | 8.31% | 4.34% | 0.88x | 2.17x | ₹-2.12 Billion |
| 2024 | 12.39% | 6.88% | 0.93x | 1.94x | ₹3.32 Billion |
| 2025 | 7.59% | 4.29% | 0.96x | 1.85x | ₹-3.55 Billion |
Industry Comparison
This section compares Apollo Tyres Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $10,717,465,806
- Average return on equity (ROE) among peers: 16.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Apollo Tyres Limited (APOLLOTYRE) | ₹155.33 Billion | 12.01% | 0.87x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |