Apollo Tyres Ltd.

Financial

	Apollo Tyres	CEAT	JK Tyres & Inds.
Operational Metrics
Auto Ancillary Sector
Capacity Utilization - Tyres	n/a	n/a	n/a
Unclassified
R&D as a % of Total Sales	1.0 %	1.72 %	1.25 %
Financials
5 yr Average ROE	7.36 %	9.47 %	10.96 %
5yr average Equity Multiplier	2.18	2.62	3.62
5yr Average Asset Turnover Ratio	0.83	1.1	1.02
5yr Avg Net Profit Margin	4.08 %	3.41 %	3.13 %
Price to Book	1.89	2.95	1.85
P/E	24.91	29.93	18.09
5yr Avg Cash Conversion Cycle	35.97 Days	-36.53 Days	48.55 Days
Inventory Days	65.04 Days	41.33 Days	60.77 Days
Days Receivable	40.01 Days	40.54 Days	69.38 Days
Days Payable	86.09 Days	118.78 Days	85.58 Days
5yr Average Interest Coverage Ratio	3.75	2.94	2.4
5yr Avg ROCE	10.5 %	12.72 %	14.55 %
5yr Avg Operating Profit Margin	14.71 %	10.75 %	11.38 %
5 yr average Debt to Equity	0.41	0.5	1.39
5yr CAGR Net Profit	26.21 %	1.81 %	9.16 %
5yr Average Return on Assets	3.55 %	3.73 %	3.16 %
Shareholdings
Promoter Holding	36.95 %	47.21 %	50.55 %
Share Pledged by Promoters	0.07 %	0.0	0.0
Change in Promoter Holding (3 Yrs)	-0.39 %	0.0	-5.71 %
Change in Mutual Fund Holding (3 Yrs)	5.18 %	9.94 %	5.51 %

Business

	Apollo Tyres	CEAT	JK Tyres & Inds.
Product Wise Break-Up	Product Wise Break-Up Tyres 100.0 Government grants 0 Royalty income 0 Sale of scrap 0 Tubes and others 0 Automotive Tyres 0 Radial Tyre 0 Bias Tyre 0	Product Wise Break-Up Government 0.81 Tyres 0 Bias Tyre 0 Tubes 6.3 Royalty income 0.05 scrap 0.55 Tyres 92.2 Radial Tyre 0 Others 0.09	Product Wise Break-Up Government grants 0 Tyres 0 Tyres 74.0 Tubes and others 0 Royalty income 0 Sale of scrap 0 Automotive Tyres 0 Radial Tyre 0 Others 26.0
Location Wise Break-Up	Location Wise Break-Up Asia Pacific 60.18 Europe 24.48 Rest of the World 0 India 0 Mexico 0 Others 15.34	Location Wise Break-Up India 81.0 Asia Pacific 0 Rest of the World 19.0 Europe 0 Mexico 0	Location Wise Break-Up India 88.33 Asia Pacific 0 Rest of the World 0 Europe 0 Mexico 11.66 Others 0.01
OEM vs Aftermarket	OEM vs Aftermarket After market 80.0 OEM 20.0 OEMs 0 Export 0	OEM vs Aftermarket Export 0 After market 0 OEM 28.0 OEM 0 Others 72.0	OEM vs Aftermarket Export 13.0 After market 0 OEMs 0 OEM 29.0 Others 58.0
Operating Profit Break-Up	Operating Profit Break-Up APMEA 69.08 Europe 21.59 Others 9.33	-	Operating Profit Break-Up Europe 0 APMEA 0 Others 100
Customer Segment	Customer Segment Truck and Bus 41.0 4 Wheeler 38.0 Off Highway 9.0 Light Commercial Vehicles 6.0 Speciality 0 Farm 0 Passenger Car/Utility Vehicles 0 LCV & LM 0 2/3 Wheeler 0 Truck and Buses 0 Passenger Line Radial 0 Truck and Bus 0 Others 6.0	Customer Segment Farm 0 Light Commercial Vehicles 0 Light Commercial Vehicles 7.0 Speciality 0 Passenger Line Radial 0 Off Highway 15.0 Truck and Bus 0 Truck and Bus 30.0 2 & 3 Wheelers 27.0 4 Wheeler 0 4 Wheeler 21.0	Customer Segment Farm 0 Light Commercial Vehicles 0 LCV & LM 0 Speciality 0 Passenger Line Radial 30.0 Off Highway 0 Truck and Bus 54.0 Truck and Buses 0 2 & 3 Wheelers 4.0 4 Wheeler 0 Passenger Car/Utility Vehicles 0 Others 12.0
Raw Material Break-Up	Raw Material Break-Up Rubber 49.17 Carbon Black 14.78 Chemicals 11.02 Fabric 10.72 Fabrics 0 Others 14.31	Raw Material Break-Up Rubber 47.41 Carbon Black 0 Chemicals 7.79 Fabric 10.32 Fabric 0 Others 34.48	-
Asset Break-Up	Asset Break-Up APMEA 63.17 Europe 30.52 India 0 Others 6.31	Asset Break-Up India 98.27 Europe 0 APMEA 0 Others 1.73	Asset Break-Up India 87.17 Europe 0 APMEA 0 Others 12.83

Apollo Tyres Ltd.

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