APOLLOTYRE

Apollo Tyres exhibits several positive fundamental attributes. The company maintains a strong ability to service its debt, with a low Debt to EBITDA ratio of 1.23 times and a debt-equity ratio of just 0.29 times as of the half-year. Operating profit margins have grown at an annual rate of 16.45%, while net sales have increased by 11.60% annually, signalling healthy long-term growth. The latest quarterly results show profit before tax (excluding other income) at ₹700.70 crore, a robust 61.3% increase compared to the previous four-quarter average. Additionally, the operating profit to interest coverage ratio stands at a high 11.85 times, underscoring financial resilience.