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Apollo Tyres Ltd

BSE: 500877 | NSE: APOLLOTYRE ISIN: INE438A01022
Market Cap: [Rs.Cr.] 9,569.67 Face Value: [Rs.] 1
Industry: Tyres

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Company Profile

Apollo Tyres Ltd is the leading tyre manufacturing company in India. They are engaged in manufacturing automobile tyres and tubes. They are having their manufacturing facilities at Trichur in Kerala and Vadodara in Gujarat. They are the first Indian tyre company to launch exclusive branded outlets for truck tyres and also the first Indian company to introduce radial tyres for the farm category. The company was incorporated on September 28, 1972. They started their production in the year 1977 at Perambra in Kerala. In the year 1991, the company commissioned their second plant at Limda in Gujarat. In the year 1995, they acquired Premier Tyres at Kalamassery in Kerala. In the year 1996, exclusive tubes plant commissioned in Ranjangoan in Maharashtra and in the year 2000, they established exclusive radial capacity in Limda. On Novermber 17, 2003, the company entered into an strategic alliance Michelin, France for setting up a joint venture company namely Michelin Apollo Tyres Pvt Ltd for producing dual branded truck & bus radial tyres in India. In the year 2004, they produced India's first H-speed rated tubeless passenger car radial tyres. Also they increased the production capacity of Automobile Tyres and Automobiles Tubes by 1283560 Nos and 414000 Nos respectively and in the next year, they further increased the production capacity by 1466432 Nos and 1567200 Nos respectively. During the year 2005-06, the company incorporated a wholly owned subsidiary company, Apollo (Mauritius) Holdings Pvt Ltd in Mauritius and they also formed Apollo Automotive Tyres Ltd and Apollo Radial Tyres Ltd as wholly owned subsidiaries of the company. In the same year, PTL Enterprises Ltd ceased to be a subsidiary company. Also, the company realigned their relationaship with Michelin and exited from the joint venture company Michelin Apollo Tyres (P) Ltd. The company increased the production capacity of Automobiles Tyres and Automobile Tubes by 1045632 Nos and 1379360 Nos respectively during the year 2005-06 and they further increased the production capaity by 888340 Nos and 218440 Nos during the next year. During the year 2007-08, they increased the production capacity of Automobile Tyres by 836620 Nos. Thus the total capacity for Automobile Tyres and Automobile Tubes increased to 9659232 Nos and 6741000 Nos. On April 21, 2006, the company acquired Dunlop Tyres International (Pty) Ltd, South Africa. During the year 2006-07, they increased the manyfacturing capacity of Camel Back/Pre Cured Tread Rubber by 217000 Nos to 220000 Nos and in the next year they further inceased to 248040 Nos. The company incorporated Apollo Tyres AG, Switzerland as a wholly owned subsidiary with effect for July 4, 2007. Also, two subsidiaries namely Apollo Automotive Tyres Ltd and Apollo Radical Tyres Ltd have been desubsidiarized with effect from December 21 2007. The company is in the process of setting up of a greenfield plant for the manufacture of radial tyres in Hungary with the estimated cost of Rs 12000 million. They are also in the process of setting up a manufacturinig facility for production of bias OTR tyres at Limda plant with the production capacity of 10 MT/day. The company has commenced the project activities of setting up a manufacturing base for production of 3.5 million passenger car tyres per year at Oragadam in Tamilnadu. In May 2008, the company opened their first full-services branded commercial vehicle tyre outlet called Apollo Trust in Salem, Tamilnadu. In Spetember 2008, Apollo Tyres launches XT-100K which is a cross-ply tyres designed for unmatched performances.

Futures & Options Quote
Expiry Date :
177.45    1.05 (0.60%)
Instrument: FUTSTK
Expiry Date: 31-Jul-2014
Open Price: 176.90
Average Price: 177.69
No. of Contracts Traded: 2,459
Open Interest: 64,96,000
Underlying: APOLLOTYRE
Market Lot: 2,000
Previous Close: 177.45
Day's High | Low: 180 | 175.65
Turnover (Cr.): 87.39
Open Int. Change: 0,13,98,000 ([17.71]% )
Key Information

Key Executives:

S Narayan , Director

Onkar S Kanwar , Chairman & Managing Director

Robert Steinmetz , Director

Neeraj Kanwar , Vice Chairman & M.D.

Company Head Office / Quarters:

6th Floor Cherupushpam Bldg,
Shanmugham Road,
Phone : Kerala-91-484-2381808-2372676 / Kerala-
Fax : Kerala-91-484-2370351 / Kerala-
E-mail : investor@apollotyres.com
Web : http://www.apollotyres.com


Apollo Tyres Ltd
Apollo House,7 Institutional Area,Sectro-32,Gurgaon - 122 001

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