CMP : 64


Apollo Tyres Limited manufactures tires and tubes for cars, trucks, farm equipment and light commercial vehicles. The Company also manufactures automobile flaps and retreading materials.

Apollo tyres is a decent bet. Its Revenues have been growing rock solid although PAT has been a little erratic. As they deliver consistently in NPM / PAT, stock price should be bullish. Liabilities are on the higher side, but the solid revenue base and brand name should compensate that. Its currently trading at a P/E of 11 and auto industry is growing at a fair pace. This stock can be used as a diversity in your portfolio and not as a driving stock.