Apollo Tyres Limited

Operating margin compressed from 14.55% (trailing) to 11.73-11.99% (Jun 2026) — verify root cause (input costs, demand softness, pricing power) and realistic recovery path

ROE 8.72% signals capital inefficiency — verify asset quality, working capital management, and whether reinvestment generates competitive advantage

FII shareholding fell 12.15% → 10.08% in 3 months (Q4→Q1 FY27) — verify reason: margin pressure, growth stall, or valuation skepticism

Tyre demand cyclical to vehicle production; 1-year return 1.8% indicates soft cycle — verify commercial vehicle and passenger auto registration trends

Operating margin peaked 15.32% (Dec 2025 consolidated), fell to 11.73% (Jun 2026); recovery to 14.55% baseline expands profit without volume growth

Consistent cash generation: dividends every 3-4 quarters (2024-2026) — verify if reinvestment in capex or R&D underway or capital constrained to returns

Consolidated revenue ₹7.4 Cr (Jun 2026) runs ~35% above standalone ₹5.5 Cr, indicating international presence — verify if these segments outpace domestic growth