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APOLLOTYRE Share Price Target
Apollo Tyres Ltd.
Sector: Tyres
Sector: Tyres
APOLLOTYRE Share Price *
179.85 +0 (0%)
* (quote may be delayed)
APOLLOTYRE Share Price Forecast - Consensus
| No. of reports in last year | 13 |
| No. of analysts | 8 |
| Average Consensus Forecast | 237.62 |
| Consensus Potential | 22.01% |
APOLLOTYRE Share Price Target - Broker Reports - 2019
Geojit Financial Services
14-Aug-19
Price @ Call: 160.58
Target: 151
REDUCE
We expect the company to be weighed down by weak macro trends and recovery is expected to take longer. The stock is currently trading at 10.8x FY20E P/E multiple. We roll forward to FY21E and value Apollo Tyres Limited at ~9x FY21E EPS considering limited visibility on a turnaround. We downgrade the rating to REDUCE with a revised target price of Rs. 151.
Dolat Capital
2-Aug-19
Price @ Call: 148.59
Target: 190
BUY
We expect 9/10% Revenue/EBITDA CAGR over FY19-21E, however net profit is likely to have flat CAGR, suppressed by higher depreciation and interest cost due to significant capacity addition. We cut our EPS estimates by13/16% and value the India business at 150/share (15x FY21E EPS) and Europe at 40/share (12x FY21E EPS). We recommend BUY rating with TP of 190.
AnandRathi
2-Aug-19
Price @ Call: 148.59
Target: 255
BUY
Valuation. We expect revenue to clock a 12% CAGR over FY19-21, and earnings 13% to 11.23bn, leading to an EPS of 19.6. We maintain our Buy rating, at a price of 255 (13x FY21e EPS), earlier `258. Risks: 1) Lower volume growth in India and Europe. 2) Higher RM costs.
Sharekhan
26-Jun-19
Price @ Call: 200.43
Target: 230
BUY
Retain estimates; maintain Buy with unchanged PT of Rs. 230:
The CVD is unlikely to meaningfully drive demand for ATL. Hence, we retain our earnings estimates for FY2020 and FY2021. Nevertheless, ATL’s earnings are likely to grow in double digits during FY2020-2021 due to healthy growth in the domestic replacement market and a ramp up in European operations. We expect ATL to sustain margins, led by a strong pricing power and dominant market share in the passenger vehicle and commercial vehicle (CV) segments. Further, a low debt:equity ratio, peaking of capex cycle and a reasonable valuation of 11x FY21 earnings, give us comfort for investment. We maintain our Buy rating with an unchanged price target of (PT) of Rs. 230.
The CVD is unlikely to meaningfully drive demand for ATL. Hence, we retain our earnings estimates for FY2020 and FY2021. Nevertheless, ATL’s earnings are likely to grow in double digits during FY2020-2021 due to healthy growth in the domestic replacement market and a ramp up in European operations. We expect ATL to sustain margins, led by a strong pricing power and dominant market share in the passenger vehicle and commercial vehicle (CV) segments. Further, a low debt:equity ratio, peaking of capex cycle and a reasonable valuation of 11x FY21 earnings, give us comfort for investment. We maintain our Buy rating with an unchanged price target of (PT) of Rs. 230.
Elara Capital
11-Jun-19
Price @ Call: 194.54
Target: 232
BUY
We remain cautious on the Europe business, given market uncertainty, especially over pricing. The market share gains in India business, especially TBR, would continue. In our view, strong demand commentary in the replacement segment at the start of Q1FY20 is a positive, given the weak OEM demand scenario. We reiterate Buy with a TP of INR 232 on 11x FY21E P/E.
Reliance Securities
14-May-19
Price @ Call: 185.75
Target: 225
BUY
Dolat Capital
13-May-19
Price @ Call: 191.2
Target: 242
BUY
Sharekhan
13-May-19
Price @ Call: 191.2
Target: 230
BUY
AnandRathi
8-Feb-19
Price @ Call: 206.09
Target: 279
BUY
Reliance Securities
6-Feb-19
Price @ Call: 202.5
Target: 250
BUY
ICICIdirect.com
6-Feb-19
Price @ Call: 202.5
Target: 220
BUY
APOLLOTYRE Share Price Target - Broker Reports - 2018
Religare
22-Nov-18
Price @ Call: 221.68
Target: 305
BUY
Sharekhan
28-Sep-18
Price @ Call: 221.75
Target: 280
BUY
Kotak Securities
3-Aug-18
Price @ Call: 286.3
Target: 301
BUY
Sharekhan
3-Aug-18
Price @ Call: 286.3
Target: 315
BUY
AnandRathi
3-Aug-18
Price @ Call: 286.3
Target: 314
BUY
ICICIdirect.com
3-Aug-18
Price @ Call: 287.64
Target: 325
BUY
JM Financial
13-Jul-18
Price @ Call: 265.1
Target: 305
BUY
Elara Capital
25-Jun-18
Price @ Call: 273.7
Target: 336
BUY
IIFL
21-Jun-18
Price @ Call: 270.5
Target: 335
BUY
Kotak Securities
14-May-18
Price @ Call: 278.95
Target: 300
ACCUMULATE
Sharekhan
11-May-18
Price @ Call: 280.23
Target: 315
BUY
Reliance Securities
27-Mar-18
Price @ Call: 267.65
Target: 335
BUY
APOLLOTYRE Share Price Target - Broker Reports - 2017
Sharekhan
29-Dec-17
Price @ Call: 268.55
Target: 292
BUY
LKP Securities Limited
29-Nov-17
Price @ Call: 256.75
Target: 307
BUY
Reliance Securities
22-Nov-17
Price @ Call: 245.5
Target: 305
BUY
Sharekhan
13-Nov-17
Price @ Call: 236.93
Target: 245
HOLD
Kotak Securities
7-Nov-17
Price @ Call: 242.9
Target: 278
BUY
ICICIdirect.com
7-Nov-17
Price @ Call: 242.9
Target: 275
BUY
Powermywealth.com
1-Nov-17
Price @ Call: 244.65
Target: 355
HOLD
Indiabulls Ventures
30-Oct-17
Price @ Call: 243.55
Target: 285
BUY
Sharekhan
11-Aug-17
Price @ Call: 262.4
Target: 320
BUY
AnandRathi
10-Aug-17
Price @ Call: 270.55
Target: 366
BUY
KRChoksey
6-Jul-17
Price @ Call: 254.75
Target: 296
BUY
ICICIdirect.com
9-May-17
Price @ Call: 238
Target: 280
BUY
LKP Securities Limited
9-May-17
Price @ Call: 240
Target: 266
BUY
LKP Securities Limited
31-Mar-17
Price @ Call: 209
Target: 275
BUY
APOLLOTYRE Share Price Target - Broker Reports - 2016
ICICIdirect.com
15-Nov-16
Price @ Call: 193
Target: 225
BUY
ICICIdirect.com
11-Aug-16
Price @ Call: 172
Target: 180
HOLD