Apollo Tyres Ltd


BSE: 500877 | NSE: APOLLOTYRE | ISIN: INE438A01022 
Market Cap: [Rs.Cr.] 4,350 | Face Value: [Rs.] 1
Industry: Tyres

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Board Meet

10-May-13 
Apollo Tyres Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 09, 2013, to consider Audited Financial Results for the quarter ended March 31, 2013 alongwith Audited Financial Results for the year ended March 31, 2013 and recommendation for payment of dividend. With reference to the earlier announcement dated April 10, 2013 regarding FY13 results on May 09, 2013, Apollo Tyres Ltd has now informed BSE that the meeting of the Board of Directors of the Company for considering Audited Financial Results for the quarter ended March 31, 2013 alongwith Audited Financial Results for the year ended March 31, 2013 and recommendation for payment of dividend has been re-scheduled for May, 10 2013. (As per BSE Announcement Dated on 17.04.2013) (Revised) (As Per BSE Bulletin Dated On 17.04.2013) Apollo Tyres Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 10, 2013, inter alia, has recommended final dividend @ Re. 0.50 per share, amounting to Rs. 252.01 Million on Equity Shares of Re. 1/- each for the year, subject to approval from the shareholders. (As per BSE Announcement Dated on 10.09.2013) 
06-Feb-13 
Apollo Tyres Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 06,2013, for consideration of Un-audited Financial Results for the quarter ended December 31, 2012 (Q3). 
02-Nov-12 
Apollo Tyres Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 02, 2012 for consideration of Un-audited Financial Results for the quarter/half year ended September 30, 2012 (Q2). With reference to the earlier announcement dated October 16, 2012 regarding Intimation of Board Meeting to be held on November 02, 2012 for consideration of un-audited quarterly/half yearly results for the period ended September 30, 2012, Apollo Tyres Ltd has now informed BSE that the above meeting will also consider for approval the proposal for raising of funds by way of preferential allotment of securities to Promoters of the Company, subject to the approval of the shareholders and all applicable laws (As per BSE Announcement Dated on 29.10.2012) Apollo Tyres Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 02, 2012, has considered and approved, subject to necessary approvals from members and others, wherever required, the following :- - Preferential issue of convertible warrants not exceeding 2.75 crore to members of the promoters/promoter group, subject to the approval of the shareholders under the Companies Act, 1956 and other applicable laws. The Board has decided to seek the approval of the members through Postal Ballot u/s 192 (A) of the Companies Act, 1956 for which Notices are being dispatched to all the members separately. (As per BSE Announcement Dated on 02.11.2012) Apollo Tyres Ltd has informed BSE that in the meeting of the Board of Directors of the Company held on November 02, 2012, it was decided to seek the approval of shareholders through passing of resolution by means of ostal Ballot' pursuant to the provisions of Section 192A of the Companies Act, 1956 read with Companies (Passing of the Resolution by Postal Ballot) Rules, 2011 for the following item: - Preferential issue of convertible warrants not exceeding 2.75 crore to members of the promoters/promoter group, subject to the approval of the shareholders under the Companies Act, 1956 and other applicable laws. In this regard, the Company has submitted to BSE a copy of schedule for the completion of the Postal Ballot Activity. (As per BSE Announcement Dated on 03.11.2012) Apollo Tyres Ltd has informed BSE that pursuant to the authorization from Shareholders, the Committee of Directors (Preferential Issue) at its meeting held on December 21, 2012 have allotted 50 lac Warrants to Sacred Heart Investment Co. Pvt. Ltd. (an entity belonging to Promoter Group) @ Rs. 86.20 per Warrant in accordance with the provisions of Chapter VII of SEBI ICDR Regulations, 2009. The Company have received upfront payment of 25% of the issue price from the allottees in accordance of the said regulations. Issue of these warrants were earlier approved by the Board of Directors in their meeting held on November 02, 2012 and by the members by way of a postal ballot on December 07, 2012. The Warrants are convertible into equity shares of Rs. 1/- each at any time before the expiry of 18 months from the date of allotment. (As per BSE Announcement Dated on 21.12.2012)n  
01-Oct-12 
Apollo Tyres Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 01, 2012, inter alia, to consider and approve, raising of funds including by way of preferential allotment of securities to eligible investors including Qualified Institutional Buyers and/or Promoters of the Company, in each case subject to the approval of the shareholders and all applicable laws. Apollo Tyres Ltd has informed BSE regarding Outcome of Board Meeting held on October 01, 2012. (As Per BSE Announcement Dated on 01.10.2012) Apollo Tyres Ltd 01/10/2012 has considered and approved the following; 1. Qualified institutions placement to qualified institutional buyers ('QIBs') up to US$ 150 million (equivalent to approx.Rs.800 crore) in accordance with applicable law; and 2. Increase in the investment limit for Foreign Institutional Investors ('FIIs') from 30% to 40% of the Company's paid-up capital,and intimation to the Reserve Bank of India as required under applicable law. The Board has decided to seek the approval of the members through Postal Ballot u/s 192(A) of the Companies Act,1956 for which Notices are being dispatched to all the members separately. (As Per Bulletin Dated On 01.10.2012) 
09-Aug-12 
Apollo Tyres Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 09, 2012, for consideration of Un-audited Financial Results for the qarter ended June, 2012. 

AGM

07-Aug-13
AGM 07.08.2013 
09-Aug-12
Apollo Tyres Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 01, 2012 to August 09, 2012 for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on August 09, 2012. Apollo Tyres Ltd has informed BSE that the 39th Annual General Meeting (AGM) of the Company will be held on August 09, 2012. (As Per BSE Announcement Website Dated on 17/07/2012) Apollo Tyres Ltd has submitted to BSE a copy of Voting Results at the 39th Annual General Meeting (AGM) of the Company was held on August 09, 2012, under Clause 35A. (As Per BSE Announcement Dated on 10.08.2012) 
11-Aug-11
AGM 11/08/2011 Apollo Tyres Ltd has informed BSE that has informed BSE that the members at the 38th Annual General Meeting (AGM) of the Company held on August 11, 2011, inter alia, have transact to the following: 1. Adoption of the Audited Accounts of the Company for the year ended March 31, 2011 and the Reports of the Directors and of the Auditors thereon. 2. Declaration of the dividend @ Re. 0.50 per Equity Share on 50,40,24,770 Equity Shares of the Company relating to the year ended March 31, 2011. 3. Re-appointment of Mr. T. Balakrishnan, as a Director of the Company. 4. Re-appointment of Mr. Robert Steinmetz, as a Director of the Company. 5. Re-appointment of Mr. A. K. Purwar, as a Director of the Company. 6. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, the retiring auditors, as auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company for auditing the accounts of the Company, on remuneration, terms & conditions. 7. Appointment of Mr. Shardul S. Shroff, as Director of the Company, liable to retire by rotation. 8. Accorded consent for payment of a sum, not exceeding one percent per annum of the net profits of the Company, calculated in accordance with the provisions of Sections 198, 349 and 350 of the Act, to the Directors of the Company or to some/any of them (other than the Managing/Whole Time Directors) in such amounts or proportions and in such manner as may be decided by the Board of Directors for each year and such payments shall be made in respect of the profits of the Company for a period of 5 years commencing from April 01, 2012 to March 31, 2017, subject to necessary provisions and approvals. (As Per BSE Announcement Website dated on 08.09.2011) 
29-Jul-10
AGM 29/07/2010 
23-Jul-09
AGM 23/07/2009 

EGM

15-Dec-03
EGM 15/12/2003 Preferential Allotment of 5712500 equity shares in favour of "Compagnie Financiere Michelin, France". Apollo Tyres Ltd has informed the Exchange regarding the notice convening the EGM of the members of the Company on December 15, 2003 to issue, offer for subscription and allot upto 5712500 number of equity shares of Rs.10/- each (representing 14.90% of expanded share capital) in the Equity Share Capital of the Company, for cash at a price of Rs.236/- per share aggregating to Rs.134.82 crores to Compagnie Financiere Michelin, France on preferential issue basis in one or more tranches. (As per NSE bulletin dated on 28/11/2003)  

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
MRF 6,310.86 9.01 2.21 4.64 22.2 19.3 0.64
Apollo Tyres 4,349.52 13.92 1.87 8.73 9.2 12.6 1.03
Balkrishna Inds 2,596.50 7.47 2.40 7.50 28.1 18.1 1.19
Goodyear India 610.20 9.22 1.74 5.37 17.0 25.2 0.00
JK Tyre & Indust 463.98 3.76 0.74 7.20 1.6 7.2 2.45
CEAT 360.38 2.85 0.49 5.64 1.5 11.5 1.73
PTL Enterprises 158.55 9.39 2.22 8.10 30.5 22.6 1.31
TVS Srichakra 143.24 18.37 0.84 4.46 31.1 25.1 2.33
Dunlop India 96.00 0.00 0.33 0.00 -4.9 -0.4 1.37
Falcon Tyres 46.86 22.92 0.26 64.62 0.0 0.0 3.26
Modi Rubber 44.45 1.03 0.42 1.01 -8.3 -13.8 0.39
Govind Rubber 42.15 2.91 1.39 5.54 19.9 11.7 4.09
Krypton Inds. 23.45 61.35 0.98 31.29 -3.8 4.9 0.74
Surya Indl. Corp 13.14 0.00 -4.73 0.00 1.2 0.8 0.00
Modistone 3.74 0.00 -0.07 0.00 0.0 0.0 0.00

Futures & Options Quote

 
Expiry Date
86.00 0.60  [0.7]%
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 86.70
Average Price: 86.05
No. of Contracts Traded: 312,000
Open Interest: 5,736,000
Underlying: APOLLOTYRE
Market Lot: 4000
Previous Close: 86.60
Day’s High | Low: 87.10 | 85.40
Turnover (Cr.): 2.68
Open Int. Change: 80,000.00 (1.4% )
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Key Information

Key Executives:

S Narayan , Director  

Onkar S Kanwar , Chairman & Managing Director  

M R B Punja , Director  

Robert Steinmetz , Director  


Company Head Office / Quarters:
6th Floor Cherupushpam Bldg,
Shanmugham Road,
Kochi,
Kerala-682031
Phone : 91-484-2381902-3
Fax : 91-484-2370351
E-mail : info@apollotyres.com
Web : http://www.apollotyres.com
Registrars:
Apollo Tyres Ltd
Apollo House
7 Institutional Area
Sectro-32
Gurgaon - 122 001

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