Scripscan:Apollo Tyres Ltd
cmp:66
Code:500877
Story:Apollo Tyres Ltd. engages in the manufacture and sale of automobile tires, tubes, and flaps. It produces a range of passenger car, SUV, MUV, light truck, truck-bus, agriculture, industrial, and off-the-road tires; and retreading materials, retreaded tires, and alloy wheels. The company sells its products primarily under the Apollo, Vredestein, and Dunlop brands. It also offers truck-bus tires under the Regal and Kaizen brands; passenger car tires under the Maloya brand; retreaded tires under the brand name of DuraTyres; retreading material under the DuraTread brand; and alloy wheels for passenger cars under the Acelere Wheelz brand name. The company sells its products through branded and multi-product outlets primarily in India, Europe, and South Africa.I remain positive on the tyre industry in view of the structural shift that the industry is going through.I expect the company to deliver a strong revenue CAGR of 22.5% over FY2011–13E, as production ramp-up at the Chennai facility continues as per schedule.I expect the company’s operating margin to improve in FY2013 on gradual softening of raw-material prices. At Rs 66, APTY is trading at attractive levels of 7x FY2013 earnings.Buy it with a medium term price target of 80rs.
Search This Blog(Over 800 companies covered in the blog).
Please note
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
