Is Apollo Tyres the Best Stock in Its Sector? A Look at the Numbers

Apollo Tyres CMP Rs 417 (15 Sep 2026). Market cap Rs 26,519 Cr. ROE 12.39%. P/E 15.52x versus Industry P/E 20.10x.

Updated: 15 Sept 2026 • 10:40 am

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Is Apollo Tyres the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Apollo Tyres is one of the names investors compare when screening the Automobile & Ancillaries sector, built on a 12.39% return on equity and a P/E of 15.52x against an Industry P/E of 20.10x. Apollo Tyres Ltd manufactures tyres for passenger vehicles, commercial vehicles, two-wheelers and off-highway equipment, with manufacturing operations across India and Europe under the Apollo and Vredestein brands. Whether Apollo Tyres is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Automobile & Ancillaries sector peers, so you can judge that for yourself.

Is Apollo Tyres the best stock in its sector? The stock trades on the NSE at Rs 417 as of 15 September 2026, within its 52-week range of Rs 365.30 to Rs 540.50. Apollo Tyres Ltd manufactures tyres for passenger vehicles, commercial vehicles, two-wheelers and off-highway equipment, with manufacturing operations across India and Europe under the Apollo and Vredestein brands.

Apollo Tyres sits in the Automobile & Ancillaries sector, and its 12.39% ROE and 15.52x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

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Table of Contents

About Apollo Tyres

Apollo Tyres Ltd manufactures tyres for passenger vehicles, commercial vehicles, two-wheelers and off-highway equipment, with manufacturing operations across India and Europe under the Apollo and Vredestein brands. At a market capitalisation of Rs 26,519 Cr, it is tracked as part of the Automobile & Ancillaries sector on Univest.

Is Apollo Tyres the Best Stock in Its Sector?

Apollo Tyres makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 12.39% ROE with a 15.52x P/E against the sector’s 20.10x Industry P/E. Apollo Tyres’ 15.52x P/E sits below both the 20.10x Industry P/E and the tyre peer average of roughly 20x, making it look like the value option in its immediate peer set rather than the premium one.

Metric	Apollo Tyres
CMP (NSE)	Rs 416.65
52-Week High / Low	Rs 540.50 / Rs 365.30
Market Cap	Rs 26,519 Cr
P/E (TTM) vs Industry P/E	15.52x vs 20.10x
P/B	1.58
ROE	12.39%
EPS (TTM)	Rs 26.90
Dividend Yield	1.44%
Debt to Equity	0.22

Compare Apollo Tyres Against Other Automobile & Ancillaries Sector Stocks

How Apollo Tyres Compares Against Its Automobile & Ancillaries Sector Peers

The table below sets Apollo Tyres against 3 other Automobile & Ancillaries sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 3 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Apollo Tyres	26,519	15.52	12.39%	0.22
MRF	54,474	22.53	11.57%	0.15
CEAT	13,269	22.52	13.83%	0.65
JK Tyre & Industries	10,213	15.55	14.59%	0.81
Peer average (3 companies)	–	20.20	13.33%	0.54

Against this peer set, Apollo Tyres’s 12.39% ROE is below the 13.33% peer average, and its P/E of 15.52x runs below the peer average of 20.20x. Apollo Tyres’ 15.52x P/E sits below both the 20.10x Industry P/E and the tyre peer average of roughly 20x, making it look like the value option in its immediate peer set rather than the premium one.

What Makes Apollo Tyres Worth Watching in Automobile & Ancillaries

Below-industry valuation: A 15.52x P/E against a 20.10x Industry P/E makes Apollo Tyres one of the more reasonably priced names among listed tyre makers.
Low leverage: A debt to equity ratio of 0.22 compares favourably with several tyre-industry peers that carry heavier capex-linked debt.
Diversified product mix: Exposure across passenger, commercial and off-highway tyres, plus a European operating base, spreads Apollo Tyres’ revenue across cycles and geographies.

Apollo Tyres Valuation: Is It Justified?

Apollo Tyres’ 15.52x P/E sits below both the 20.10x Industry P/E and the tyre peer average of roughly 20x, making it look like the value option in its immediate peer set rather than the premium one. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Download the Univest iOS App or Univest Android App to track Apollo Tyres and other Automobile & Ancillaries sector stocks.

How to Track Apollo Tyres Before You Invest

Before deciding whether Apollo Tyres deserves its label as the best stock in its sector for your own portfolio, compare it directly against Automobile & Ancillaries sector peers using the steps below.

Open the Univest Screener and search for Apollo Tyres to view live price, valuation ratios, and peer comparisons within the Automobile & Ancillaries sector.
Compare its P/E, P/B, and ROE against other Automobile & Ancillaries sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Apollo Tyres earns a place in the best stock in its sector conversation on the strength of a 12.39% ROE and a P/E of 15.52x against a 20.10x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Apollo Tyres the best stock in its sector?

Ans. Apollo Tyres has a 12.39% ROE and trades at 15.52x P/E against a 20.10x Industry P/E, and compares below the peer average ROE of 13.33% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Apollo Tyres?

Ans. Apollo Tyres was trading at Rs 416.65 on the NSE as of 15 September 2026, within its 52-week range of Rs 365.30 to Rs 540.50.

What sector does Apollo Tyres belong to?

Ans. Apollo Tyres is classified under the Automobile & Ancillaries sector on Univest.

How does Apollo Tyres compare to its sector peers on P/E?

Ans. Apollo Tyres’s P/E of 15.52x is below the 20.20x average of the 3 named peers compared in this article.

What is Apollo Tyres’s return on equity?

Ans. Apollo Tyres reported a return on equity of 12.39%, which is below the 13.33% average of its named peers in this comparison.

Should I invest in Apollo Tyres based on its sector position?

Ans. Apollo Tyres’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.