forum

APOLLOTYRE Share Price Target

Apollo Tyres Ltd.
Sector: Tyres
... Read more
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.
... Read more

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.
... Read more

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.
... Read more

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.
... Read more

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.
... Read more

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

  • APOLLOTYRE - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Geojit Financial Services151-19.11%
    Dolat Capital1905.34%
    AnandRathi25529.47%
    Sharekhan23021.80%
    Elara Capital23222.48%