Business Standard

Apollo Tyres stock

NCLAT orders NCLT to hear afresh insolvency plea by APL Apollo Tubes

The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to hear afresh the insolvency plea filed by APL Apollo Tubes against one of its purchasers of goods. A two-member bench came down heavily on the Bengaluru bench of the National Company Law Tribunal (NCLT) for rejecting claims of APL Apollo Tubes on the "hypothetical interpretation". The NCLAT said the tribunal "should refrain from stepping into the shoes of a litigating party by substituting their own finding in the absence of there being any pleading evidence". The appellate tribunal has directed the NCLT to make all efforts to decide proceedings as expeditiously as possible. The NCLAT order came over a petition filed by APL Apollo Tubes against an order of the NCLT, which, on September 9, 2019, dismissed its insolvency plea filed as an operational creditor against Tanisha Scaffolding. Tanisha Scaffolding was engaged in marketing the products manufactured by APL Apollo Tubes. Some amount against supplies wa

NCLAT orders NCLT to hear afresh insolvency plea by APL Apollo Tubes
Updated On : 17 Jun 2024 | 7:26 PM IST

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l

European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent

Stocks to Watch, May 22: Apollo Tyres, Biocon, Gulf Oil, Ircon Int'l
Updated On : 22 May 2024 | 8:09 AM IST

Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here's why

Auto, tyre stock update: Shares of auto and tyre makers rallied up to 5 per cent in intra-day deals on Tuesday, lifting the Nifty Auto index to a new all-time high on upbeat outlook.

Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here's why
Updated On : 30 Apr 2024 | 11:51 AM IST

Investor sells 4.5% stake worth Rs 1,281 cr in Apollo Tyres by block deal

The key buyers included Nippon India Mutual Fund, ICICI Prudential Mutual Fund, and Edelweiss Mutual Fund, among others

Investor sells 4.5% stake worth Rs 1,281 cr in Apollo Tyres by block deal
Updated On : 19 Dec 2023 | 8:35 PM IST

Apollo Tyres: Valuations reflect positives, margin expansion a key trigger

The stock is trading at 16 times its estimated FY25 consolidated earnings per share

Apollo Tyres: Valuations reflect positives, margin expansion a key trigger
Updated On : 26 Jun 2023 | 9:15 PM IST

Stocks to Watch: L&T, Tata Motors, Siemens, Apollo Tyres, HCC, HP Adhesives

Stocks to Watch Today: Bandhan Bank, BoB, Eicher Motors, Escorts, REC, SBI, Tech Mahindra and UCO Bank are likely to be in focus ahead of Q4 results; Delhivery and Venus Pipes IPOs close on Friday.

Stocks to Watch: L&T, Tata Motors, Siemens, Apollo Tyres, HCC, HP Adhesives
Updated On : 13 May 2022 | 8:30 AM IST

Apollo Tyres Q4 profit drops 61% to Rs 113 cr; revenue rises 11%

Apollo Tyres on Thursday said its consolidated net profit has declined by 61 per cent to Rs 113 crore for the fourth quarter ended March. The company had reported a consolidated net profit of Rs 287 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations rose by 11 per cent to Rs 5,578 crore, as against Rs 5,026 crore in the fourth quarter of FY21, Apollo Tyres said in a statement. For the year ended March 31, 2022, the tyre major said its net profit increased by 82 per cent to Rs 639 crore, as compared to Rs 350 crore in 2020-21. Revenue from operations rose by 20 per cent to Rs 20,948 crore, as against Rs 17,397 crores in FY21, the company said. "The unprecedented rise in input costs in FY22, have taken a toll on our margins, despite our internal cost control measures, and multiple rounds of price corrections undertaken in different product categories," Apollo Tyres Chairman Onkar Kanwar noted. The robust demand witnessed by the company's European operatio

Apollo Tyres Q4 profit drops 61% to Rs 113 cr; revenue rises 11%
Updated On : 12 May 2022 | 9:46 PM IST

Enough research to show road infra's huge multiplier effect: Onkar S Kanwar

In a Q&A, the chairman of Apollo Tyres sees multiple growth triggers for the domestic industry ahead, but notes that relentless commodity inflation is the biggest pain point for companies

Enough research to show road infra's huge multiplier effect: Onkar S Kanwar
Updated On : 13 Dec 2021 | 10:38 PM IST

We made significant progress in bolstering our balance sheet: Onkar Kanwar

The strategy going forward is really to sweat our assets and get our utilisation levels to reach 90-95% in all our plants, said Kanwar

We made significant progress in bolstering our balance sheet: Onkar Kanwar
Updated On : 01 Apr 2021 | 11:36 PM IST

High valuation and margin concern may limit rally in Apollo Tyres

Healthy volume outlook, focus on debt reduction are key positives, say analysts

High valuation and margin concern may limit rally in Apollo Tyres
Updated On : 04 Feb 2021 | 11:13 PM IST

OEM recovery, robust replacement demand to boost Apollo Tyres revenues

Price hikes to offset some of the the surge in raw material costs

OEM recovery, robust replacement demand to boost Apollo Tyres revenues
Updated On : 17 Dec 2020 | 12:33 AM IST

Apollo Tyres decides to reduce capex by Rs 400 crore over coronavirus

The company had initially planned around Rs 1,400-1,500 crore in India and about 20 million pounds for its European facility

Apollo Tyres decides to reduce capex by Rs 400 crore over coronavirus
Updated On : 07 Jul 2020 | 11:18 AM IST

Apollo Tyres stock: Higher volume, steady raw material prices are positives

The Indian tyre industry is expected to grow at 8-10 per cent for FY18

Apollo Tyres stock: Higher volume, steady raw material prices are positives
Updated On : 08 Apr 2018 | 8:32 PM IST