Apollo Tyres - Outlines Vision 2026: ICICI Direct

The Apollo Tyres Ltd. tire range stands on display at the company’s Apollo Super Zone retail outlet in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

Apollo Tyres - Outlines Vision 2026: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

In its virtual investor event, Apollo Tyres Ltd. outlined Vision 2026 targets for key performance parameters. It includes:

  1. Revenues of $5 billion

  2. Ebitda margins in excess of 15%

  3. Pre-tax return on capital employed of 12-15%

  4. Less than two times net debt to Ebitda.

It reiterated its intent of sweating of assets in the near term, de-leveraging balance sheet, augmenting capital efficiency and calibrated capex spend.

Click on the attachment to read the full report:

ICICI Direct Apollo Tyres Company Update.pdf

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