Revenue distribution by sectors:

• Automotive industry: approx. 70%
• Aftermarket: approx. 30%

TOP 3 markets:

1. India: approx. 50%
2. Europe: approx. 30%
3. Africa: approx. 10%

Apollo Tyres Limited generates the majority of its revenue from the automotive industry, with a significant portion also coming from the aftermarket. The Indian market is the largest single market for the company, followed by Europe and Africa. These markets are crucial for revenue growth and the strategic direction of the company.

Production sites of Apollo Tyres Limited:

1. India - Multiple plants, including in Chennai, Vadodara, and Kochi.
2. Netherlands - Plant in Enschede.
3. Hungary - Plant in Gyöngyöshalász.

Apollo Tyres Limited operates production facilities in various countries to serve both the domestic and international markets. In India, the main production sites are located, covering a large part of the production. The plants in the Netherlands and Hungary support the supply of the European market and help to make supply chains more efficient.

Revenue Growth: 10.5% (2024) Investment in Research and Development: 5% of revenue (2024)

Apollo Tyres Limited is pursuing a growth strategy that heavily focuses on innovation and geographical expansion. The company has increased its investments in research and development to develop new products that meet the changing demands of customers.

Another focus is on expanding into international markets, particularly in Europe and North America, to reduce dependence on the Indian market. This strategy is supported by strategic partnerships and expanding production capacities.

In addition, Apollo Tyres is committed to sustainability and has launched initiatives to reduce CO2 emissions and use environmentally friendly materials to meet the growing demand for eco-conscious products.

Main raw materials: Natural rubber, synthetic rubber, carbon black

Countries of origin:

• Natural rubber: Thailand, Indonesia, Malaysia
• Synthetic rubber: USA, Japan, South Korea
• Carbon black: China, Russia

Apollo Tyres Limited sources a variety of raw materials for the production of their tires. The most important raw material is natural rubber, which is mainly imported from Southeast Asia, especially from Thailand, Indonesia, and Malaysia. These countries are leading in the production of natural rubber and provide high-quality materials that are crucial for tire production.

In addition, the company imports synthetic rubber, which comes from countries such as the USA, Japan, and South Korea. These countries are known for their advanced petrochemical industries that produce synthetic rubber of high quality.

Carbon black, another essential material for tire production, is mainly sourced from China and Russia. These countries have significant production capacities for carbon black, which contributes to the reinforcement and durability of tires.

Market share in India: Approximately 30% (2023) Revenue growth: 10.5% (2023) EBITDA margin: 14.2% (2023)

Apollo Tyres Limited possesses a significant competitive advantage, especially in the Indian market, where the company holds a market share of around 30%. This strong market position is supported by a broad distribution network and a diversified product range that covers both the passenger car and commercial vehicle sectors.

In recent years, the company has consistently achieved revenue growth of over 10%, driven by increased demand and strategic expansions into international markets. The EBITDA margin of 14.2% also demonstrates an efficient cost structure and an ability to generate solid profits.

Apollo Tyres continuously invests in research and development to develop innovative products and differentiate itself from the competition. These investments, along with a strong brand presence and a focus on sustainability, further strengthen the company's competitive advantage.

Institutional Investor Share: approx. 35% (2025, estimated) Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Apollo Tyres Limited is around 35%, indicating a healthy interest from institutional investors. These investors typically include pension funds, investment funds, and other large financial institutions making long-term investments in the company.

In 2024, there were no significant insider buys or sells, suggesting that the management and other insiders are currently not making significant changes to their stake in the company. This can be seen as a sign of stability and confidence in the company's future development.

Market share of Apollo Tyres Limited: 6.5% (estimated for 2025)

Top competitors and their market shares:

1. MRF Limited: 10.2%
2. Bridgestone Corporation: 9.8%
3. Michelin: 8.5%
4. Continental AG: 7.9%
5. Goodyear Tire & Rubber Company: 7.3%
6. Apollo Tyres Limited: 6.5%
7. CEAT Limited: 5.4%
8. Yokohama Rubber Company: 4.8%
9. Hankook Tire & Technology: 4.2%
10. Pirelli & C. S.p.A.: 3.9%

Apollo Tyres Limited has a moderate market share in the global tire market. The company's moat lies in its strong presence in India and some other emerging markets, where it has an established brand and an extensive distribution network. Additionally, Apollo Tyres invests in research and development to offer innovative products tailored to the specific needs of these markets.

Compared to larger international competitors like MRF, Bridgestone, and Michelin, which have extensive resources and a global presence, Apollo Tyres' moat is less pronounced. These companies have strong brands, a wide range of products, and technological leadership that give them a significant competitive advantage.

Overall, Apollo Tyres has a solid but not outstanding moat compared to its larger international rivals. The competitive advantage could be strengthened through further expansions and innovations to increase market share and solidify its position in the global market.

Revenue Growth: 10% (2024) EBITDA Margin: 14% (2024) Market Share in India: 30% (2024)

Apollo Tyres Limited recorded a revenue growth of 10% in 2024, driven by strong demand in its core markets. The EBITDA margin of 14% indicates solid operational efficiency, reflecting good cost control and effective production processes.

The company holds a significant market share of 30% in India, highlighting its strong position in one of the fastest-growing automotive markets in the world. This market position provides Apollo Tyres with a competitive advantage and potential for further growth, especially due to increasing urbanization and rising vehicle sales in the region.

Additionally, Apollo Tyres is investing in research and development to develop innovative products that meet changing customer requirements. This could lead to a stronger market position and higher margins in the long run.

Overall, the financial health and strategic direction of Apollo Tyres suggest that it is a potentially attractive investment, especially for investors interested in engaging in the Asian market.

Dividend Yield: Estimate 2.5% (2025)

Apollo Tyres Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 2.5% for the year 2025, based on historical payouts and current stock price performance.

The reliability of Apollo Tyres' dividend payments can be considered stable. The company has a solid financial foundation and has maintained a consistent dividend policy. This is supported by a healthy balance sheet and continuous profits, allowing the company to pay dividends even in economically challenging times.