APOLLO TYRES
Q1 FY 18-19 RESULTS REVIEW
EFFECT OF KERALA FLOODS
APOLLO TYRES has released
very good results for the first quarter of FY 2018-19.
Net sales has risen by
30.43% YoY.
Net profit has risen by 185% YoY.
The rise in Net sales and Net profits are both highly impressive.
PE ratio stands at 15 based on a
price of Rs.264 and a Qly EPS Rs.4.4
on a FV of Rs.1.
But the recent Kerala
Floods have adversely affected 2 Plants of Apollo Tyres and possibly of other tyre
manufacturers situated in kerala state.
It is difficult at this
stage to quantify the damage to Natural rubber production in Kerala and how
much of it needs to be imported and at what cost.
The working results for
Q2 may reflect this problem for many Tyre manufacturers including Apollo Tyres.
|
APOLLO TYRES
|
Jun '18
|
Mar '18
|
Dec '17
|
Sep '17
|
Jun '17
|
YOY
|
QOQ
|
|
|
4,249.40
|
3,982.43
|
4,015.53
|
3,418.01
|
3,258.09
|
30.43%
|
6.7
|
|
|
Other Operating Income
|
38.65
|
48.9
|
34.54
|
58.65
|
24.37
|
58.6
|
-20.96
|
|
|
Total Income
|
4,288.05
|
4,031.33
|
4,050.07
|
3,476.66
|
3,282.46
|
30.64
|
6.37
|
|
|
Raw Materials
|
2,218.02
|
1,927.69
|
1,886.39
|
1,707.91
|
1,789.73
|
23.93
|
15.06
|
|
|
Traded Goods
|
366.56
|
301.6
|
312.81
|
299.85
|
316.97
|
15.65
|
21.54
|
|
|
Increase in Stocks
|
-175.84
|
-24.03
|
61.05
|
-25.05
|
-159.41
|
10.31
|
631.75
|
|
|
Employees Cost
|
606.75
|
603.58
|
530.23
|
490.32
|
431.45
|
40.63
|
0.53
|
|
|
Depreciation
|
184.06
|
176.82
|
151.4
|
138.49
|
125.85
|
46.25
|
4.09
|
|
|
Other Expenses
|
744.45
|
707.29
|
763.2
|
639.23
|
630.47
|
18.08
|
5.25
|
|
|
P/L Before Other Inc., Int., Excpt. Items & Tax
|
344.05
|
338.38
|
344.99
|
225.9
|
147.41
|
133.4
|
1.68
|
|
|
Other Income
|
40.56
|
43.72
|
46.38
|
19.72
|
8.76
|
363.01
|
-7.23
|
|
|
P/L Before Int., Excpt. Items & Tax
|
384.61
|
382.1
|
391.37
|
245.62
|
156.16
|
146.29
|
0.66
|
|
|
Interest
|
43.02
|
47.61
|
41.04
|
40.23
|
34.05
|
26.34
|
-9.64
|
|
|
P/L Before Exceptional Items & Tax
|
341.58
|
334.49
|
350.33
|
205.4
|
122.12
|
179.71
|
2.12
|
|
|
P B T
|
341.58
|
334.49
|
350.33
|
205.4
|
122.12
|
179.71
|
2.12
|
|
|
Tax
|
89.78
|
84.38
|
105.03
|
65.22
|
33.82
|
165.46
|
6.4
|
|
|
Net Profit
|
251.8
|
250.11
|
245.3
|
140.18
|
88.3
|
185.16
|
0.68
|
|
|
Net PROFIT After M.I & Associates
|
251.84
|
250.11
|
245.3
|
140.18
|
88.3
|
185.21%
|
0.69
|
|
|
Equity
|
57.21
|
57.21
|
57.21
|
50.9
|
50.9
|
12.4
|
0
|
|
|
Basic EPS
|
4.4
|
4.37
|
4.33
|
2.75
|
1.73
|
154.34
|
0.69
|
|
|
Diluted EPS
|
4.4
|
4.37
|
4.33
|
2.75
|
1.73
|
154.34
|
0.69
|
|
|
MP
|
264
|
|||||||
|
PE
|
15
|
FV
|
1.RS
|
|||||
|
VOLUME
|
2527938
|
|||||||
|
27.08.18
|
1 week
|
2 week
|
1 month
|
3 month
|
6 month
|
9 month
|
1 year
|
|
|
Price
|
261.7
|
261.4
|
290.45
|
287
|
264.95
|
256.6
|
252.3
|
|
|
Gain / Loss
|
0.84%
|
0.96%
|
-9.14%
|
-8.05%
|
-0.40%
|
2.84%
|
4.60%
|
Production at two plants in Kerala
affected by floods: Apollo Tyres
Apollo Tyres today said
production at its two plants in Kerala has been disrupted due to the floods in
the state. Production operations of the company's plants located at Perambra
and Kalamassery, Kerala have been disrupted due to the floods, Apollo Tyres
said in a BSE filing.
"The production loss
due to this natural calamity is 1,500 MT (approximately) till today. However,
consequential loss of profit is not significant," it added.
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