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CONTENTS 02 Unstoppable Corporate overview We have been persistent 02 Unstoppable in our aim to establishing 04 Chairman’s Message and maintaining market leadership to be able to achieve 06 Vice Chairman’s Message unprecedented growth for our 08 Board of Directors stakeholders. 10 Management Board 12 Key Performance Highlights 14 14 Integrated Report Integrated Report 28 Management Discussion & Analysis Apollo Tyres’ contribution 51 Sustainability Snapshot to social and economic development is critical to create and sustain an enabling environment for investment. This has enabled the Company’s positioning as a credible Statutory Reports stakeholder partner. 84 Board’s Report 95 Annual Report on CSR 28 102 Business Responsibility Report Management 126 Corporate Governance Report Discussion & Analysis Financial Statements 161 Standalone Financial Statements 223 Consolidated Financial Statements UNSTOPPABLE Since inception, we have worked towards establishing ourselves as a leading player in the sale and manufacture of tyres. We have been persistent in our aim to establishing and maintaining market leadership and be able to achieve unprecedented growth for our stakeholders. In FY2018-19 (FY2019), we continued to focus We are unstoppable in establishing our on our key revenue generating regions APMEA leadership across multiple segments. (Asia Pacific, Middle East and Africa, including Our consistently advancing product range coupled India) and Europe. We expanded our presence in with product innovations are enabling us to achieve Americas by added new territories and increasing the same. our value proposition. The APMEA operation continued its focus on consolidating its leadership We are unstoppable in working towards achieving and enhancing share in India through the cutting edge manufacturing capabilities and introduction of best in class and technologically world-class R&D. -
IN the BUSINESS of PROGRESS CONTENTS Apollo Tyres in Brief
Annual Report 2019-20 IN THE BUSINESS OF PROGRESS CONTENTS Apollo Tyres in brief 01-03 Apollo Tyres is one of the most trusted Corporate factsheet names in the manufacture and sale of tyres. The Company was founded in 1972 and is 04-13 headquartered in Gurugram, Haryana (India). Leadership and governance 06 Chairman’s message 08 Vice-Chairman’s message 10 Board of Directors Catering to all tyre segments 12 Management Team TRUCK AND BUS LIGHT TRUCK 14-77 Performance and progress 16 Key performance indicators 18 Know our capitals 20 Business model 22 Capital-wise information 36 Progress amidst volatility 38 Progress that is sustainable 40 Progress through people centricity 42 Value created for the stakeholders PASSENGER VEHICLES TWO-WHEELER 78-93 Management Discussion & Analysis 94-170 Statutory Reports 94 Board’s Report 107 Annual Report on CSR 113 Business Responsibility Report 138 Corporate Governance Report OFF-HIGHWAY 171-305 Financial Statements 171 Standalone 233 Consolidated Apollo Tyres’ success as a leading tyre such as: geo-political relations, economic manufacturer is inextricably linked with the growth, industry cyclicality, environmental progress of the people, the businesses we issues, technological innovation, safety and partner and the planet at large. We have consumer attitudes. Our FY20 performance is always persevered to exceed expectations, a reflection of the resulting uncertainties. It set new benchmarks and in some cases, is also a testament to our foundational values shape the future of the industry. and intrinsic strengths that have helped us navigate through these uncertainties. Our marquee brands, Apollo and Vredestein, enjoy premium positions in the commercial As we step into a new decade, replete with and passenger vehicle tyre segments in unexplored opportunities, we are keen on India and Europe, respectively. -
Annexure to the Board Report | L&T Annual Report 2019-20
Annexure ‘A’ to the Board Report and EnPI reduction of CG moulding energy consumption. Information as required to be given under Section 134(3) zz Implemented Smart COMM Energy Management (m) read with Rule 8(3) of the Companies (Accounts) system at ASW & Digital Dashboard. Rules, 2014. zz Replacement of conventional light fittings with [A] CONSERVATION OF ENERGY: Solar lighting system in SSII, Open yard-5 and (i) Steps taken or impact on conservation of Grit blasting & painting areas at Production/ energy: Utility areas at EWL Kancheepuram factory and Kansbahal works. zz Implementation of LED lights in HE-Hazira campus and other project sites and Solar Pipes in zz Replacement of conventional MH Lamps and SG fabrication area. fluorescent tube lights by LED lamps in working areas at office and projects as well as for street zz Installation of an Off Grid Mini-Solar Power Plant for meeting the energy requirement of site & lights. workmen habitats at Ranchi Smart City Project. zz Installation of energy efficient water coolers and submersible pumps zz Installed Local Pre/ Post Weld Heat Treatment (PWHT) using PID Technology which ensures zz Replacing existing aged inefficient Split AC units uniform heating and reduction in energy with energy efficient units wastage. zz Utilization of Chiller for HVAC System – Campus zz Implemented the use of Metal Halide (400 Watt) FMD initiated and control the chiller running EOT Crane under bay lights with LED Lights. hour for HVAC need during holidays and extended working hours. zz Installed Energy efficient burners for Furnaces and pre heating. zz Initiative has been taken for replacement of Air-Cooled Chiller with Water Cooled Chiller. -
The Indian Automotive Supplier Report Supplierbusiness
IHS AUTOMOTIVE The Indian Automotive Supplier Report SupplierBusiness 2015 edition supplierbusiness.com REGIONAL REPORT Indian Subcontinent SAMPLE IHS Automotive | Supplying Ford Contents Executive Summary 4 – Renault-Nissan third largest exporter 30 – Tata’s exports expected to decrease 30 Indian Economy and Business Environment 6 – Ford ups capacity in India to boost exports 30 Volatile GDP growth in BRICS 7 – Volkswagen increases exports from India 31 Per capita GDP seen rising 8 – Honda to grow exports from India 31 Inflation in check, for now 8 – GM to turn India into a global export hub 31 Consumer demand expected to improve 9 Foreign investments going up 9 Overview of Automotive Supplier Industry 32 Industrial production recovers 10 Speed bumps 33 Shrinking exports, a cause for concern 10 Positive sentiment returns 33 Indian currency expected to depreciate mildly in 2015, – Engine parts, the largest segment 33 2016 11 – AMT to gain traction 34 – Chassis production 35 The Indian Automotive Market 13 – Interiors production 35 – Maruti Suzuki boosts sales with new models 14 – Exteriors production 35 – Hyundai increases market share 15 – Thermal component production 35 – Mahindra stays leader of SUV segment 16 – Market share of HVAC systems suppliers 36 – Tata Motors plans to reclaim lost ground 16 – The proliferation of car security systems 36 – Honda strengthens position in India with diesel cars Top 10 automotive suppliers in India 36 17 – Motherson Sumi System Limited 37 Key trends in the Indian LV market 18 – Amtek Auto 37 – Hatchback -
Asian Daily EPS, TP and Rating Changes Top of the Pack
Thursday, 13 February 2014 (Global Edition) Asian Daily EPS, TP and Rating changes Top of the pack ... EPS TP (% change) T+1 T+2 Chg Up/Dn Rating Commonwealth Bank 3 2 0 0 U (U) Asia Equity Strategy Sakthi Siva (3) Australia New report: Cyclicals have outperformed defensives YTD. Continue? China Mengniu Dairy (6) (7) 20 25 O (O) PRADA S.p.A. (10) (12) (5) 29 O (O) India IT Services Sector Anantha Narayan (4) Apollo Tyres 8 2 10 22 O (O) Is it too crowded for further performance? Cipla Limited (6) 0 0 1 N (N) Jaiprakash Power Ventures (60) (17) (14) 107 O (O) Page Industries 3 3 2 13 O (O) Asia Technology Sector Keon Han (5) Perusahaan Gas Negara (1) 1 2 31 O (O) New report: LED—entering expansion phase Softbank 0 0 — R (R) UMW Oil & Gas 0 (7) 31 3 N (N) China Mengniu Dairy (2319.HK) – Maintain O Kevin Yin (6) Universal Robina Corp. 1 1 0 18 O (O) 2014 outlook: Should pass through 10% raw milk price inflation; EPS likely to grow 35.9% YoY Huaku Development (3) (1) (5) 32 O (O) Novatek Microelectronics 3 1 3 (18) U (U) CS pic of the day Sinopac Holdings 2 2 3 8 N (N) AIS PCL (4) (7) (4) 29 O (O) Global general lighting and LED lighting market size Siam City Cement 0 (2) (5) 0 U (U) The LED general lighting industry is now shifting from the initial penetration phase to a rapid expansionary TAC PCL 0 0 0 44 O (O) phase. -
List of Nodal Officer
List of Nodal Officer Designa S.No tion of Phone (With Company Name EMAIL_ID_COMPANY FIRST_NAME MIDDLE_NAME LAST_NAME Line I Line II CITY PIN Code EMAIL_ID . Nodal STD/ISD) Officer 1 VIPUL LIMITED [email protected] PUNIT BERIWALA DIRT Vipul TechSquare, Golf Course Road, Sector-43, Gurgaon 122009 01244065500 [email protected] 2 ORIENT PAPER AND INDUSTRIES LTD. [email protected] RAM PRASAD DUTTA CSEC BIRLA BUILDING, 9TH FLOOR, 9/1, R. N. MUKHERJEE ROAD KOLKATA 700001 03340823700 [email protected] COAL INDIA LIMITED, Coal Bhawan, AF-III, 3rd Floor CORE-2,Action Area-1A, 3 COAL INDIA LTD GOVT OF INDIA UNDERTAKING [email protected] MAHADEVAN VISWANATHAN CSEC Rajarhat, Kolkata 700156 03323246526 [email protected] PREMISES NO-04-MAR New Town, MULTI COMMODITY EXCHANGE OF INDIA Exchange Square, Suren Road, 4 [email protected] AJAY PURI CSEC Multi Commodity Exchange of India Limited Mumbai 400093 0226718888 [email protected] LIMITED Chakala, Andheri (East), 5 ECOPLAST LIMITED [email protected] Antony Pius Alapat CSEC Ecoplast Ltd.,4 Magan Mahal 215, Sir M.V. Road, Andheri (E) Mumbai 400069 02226833452 [email protected] 6 ECOPLAST LIMITED [email protected] Antony Pius Alapat CSEC Ecoplast Ltd.,4 Magan Mahal 215, Sir M.V. Road, Andheri (E) Mumbai 400069 02226833452 [email protected] 7 NECTAR LIFE SCIENCES LIMITED [email protected] SUKRITI SAINI CSEC NECTAR LIFESCIENCES LIMITED SCO 38-39, SECTOR 9-D CHANDIGARH 160009 01723047759 [email protected] 8 ECOPLAST LIMITED [email protected] Antony Pius Alapat CSEC Ecoplast Ltd.,4 Magan Mahal 215, Sir M.V. Road, Andheri (E) Mumbai 400069 02226833452 [email protected] 9 SMIFS CAPITAL MARKETS LTD. -
Aditya Birla Group
e:J .N-'U8S110:Ka20180029S ADITYA BIRLA GROUP NO. fHRD/76[C]-Fl2018/ \C30 Date: 10104/2018 This is to verify that Mr PUNITH J N, MBA student, USN: 1AY16MBA51 of Acharya Institute Of Technology, Acharya Dr. Sarvapalli Radhakrishna Road, Hesaraghatta Main Road,Bengaluru-560090. Affiliated to Visvesvaraya University, Belgaum, has done Project work on the topic "A Study On Cash From Operating Activities And Its Management "at Aditya Birla limited, Bengalurur Kamataka Soaps And Detergents Limited, Bengalur, from 15- 01-2018 to 10-04-2018. During his Project work in the Organisation , We have found his Character & Conduct to be good. We wish bis success in life and Career. Aditya Birla Groups 3, Industry House #45, Race Course Road, Beside Chalukya Hotel, Bengaluru, Karnataka-560001 ACHARYA INSTITUTE OF TECHNOLOGY (Affiliated to Visvesvaraya Technological University, Belagavi, Approved by AICTE, New Delhi and Accredited by NBA and NAAC) Date: 25/05/2018 CERTIFICATE This is to certify that Mr. Punith J N bearing USN 1AY16MBA51 is a bonafide student of Master of Business Administration course of the Institute 2016-18 batch, affiliated to Visvesvaraya Technological University, Belagavi. Project report on "A Study on Cash from Operating Activities and its Management at Aditya Birla Ltd. Bangalore" is prepared by him under the guidance of Prof. Mallika B K, in partial fulfillment of the· requirements for the award of the degree of Master of Business Administration, Visvesvaraya Technological University, Belagavi, Kamataka. Signature of Internal Guide Signature~ of HOD k" Signature of Principal PRINCIPAL ACHARYA INSTITUTE OF Tfa.,m~OLOG'/ ia1uevanahalli Bangalore-560 10( Acharya Dr. -
Annual Report 2016-17
Annual Report 2016-17 apollotyres.com REACH Corporate Overview Introduction 1 Chairman’s Message 2 Vice Chairman’s Message 4 THE Board of Directors 6 Management Board 8 Performance Highlights 10 Management Discussion and 12 Analysis Report Sustainability Report 32 WORLD Statutory Reports Board’s Report 54 HIGHLIGHTS Annual Report on CSR 65 Business Responsibility Report 75 2016-17 Corporate Governance Report 98 Financial Statements `140.53 Bn Standalone Financial Statements 124 Gross Sales Consolidated Financial 194 Statements `39.02 Bn Capital Expenditure 15.8% ROE `10.99 Bn Net Profit `20.01 Bn EBITDA REACH india hungary WORLD where to next? At Apollo Tyres, we are building tyres for the future of transportation and mobility. As we do this, we are transforming ourselves both from a product and markets perspective. Building on our core competencies, strength and brand, we are aspiring to ‘Reach the World’, by manufacturing in different countries, expanding our distribution networks, and growing our brand associations. We are creating a distinctly ‘glocal’ culture in our organsiation, where we are thinking like a global organisation and yet, aligning ourselves to local needs in each geography we operate. At the same time, we are proud of being an Indian brand, and representing the best of technology, operations and thinking on the world stage. In FY17, we took many steps that furthered our aim of reaching the world. These include the inauguration of our Hungary plant and the Global R&D centre. These, however, are just stepping stones to achieving our cherished vision. As we do this, we are equally committed to ‘reach’ each of our stakeholders, and create value for them, in ways that are credible and meaningful. -
Sharekhan Special August 31, 2021
Sharekhan Special August 31, 2021 Index Q1FY2022 Results Review Automobiles • Capital Goods • Consumer Discretionary • Consumer Goods • Infrastructure/Cement/Logistics/Building Material • IT • Oil & Gas • Pharmaceuticals • Agri Inputs and Speciality Chemical • Miscellaneous • Visit us at www.sharekhan.com For Private Circulation only Q1FY2022 Results Review In-line quarter, healthy outlook Results Review Results Summary: After ending FY2021 on a strong note, Q1FY2022 earnings of broader indices showed a promising start (Nifty/ Sensex companies’ PAT rose 100%/66% y-o-y) in the new fiscal with strong growth momentum on low base. Management commentaries on earnings outlook remained positive, on improving economic activity post second COVID-19 wave and anticipation of strong demand revival. Demand recovery and ramp-up of vaccinations look encouraging. We expect economic activity to increase in the upcoming festive season. Nifty trades at 23x and 20x EPS based on FY2022E/FY2023E EPS, at a premium to mean average. Valuation gap between large and mid-caps has shrunk, we advise investors to focus on stocks with strong earnings growth potential with reasonable valuation. High-conviction investment ideas: o Large-caps: Infosys, ICICI Bank, M&M, L&T, UltraTech, SBI, HDFC Ltd, Godrej Consumer Products, Divis Labs and Titan. o Mid-caps: NAM India, BEL, Gland Pharma, Dalmia Bharat, Laurus Labs, Max Financial Services, LTI. o Small-caps: TCI Express, Kirloskar Oil, Suprajit Engineering, Repco Home Finance, PNC Infratech, Mahindra Lifespaces, Birlasoft. After ending FY2021 on a strong note, Q1FY2022 corporate earnings of broader indices showed a promising start with continued strong growth momentum on the low base of Q1FY2021, though it was along the expected lines. -
S.No. Scrip Name Symbol Series Leverage (In Times) 1 MARICO
SCRIPS AVAILABLE FOR INTRADAY WITH LEVERAGES PROVIDED ON THEM Leverage Scrip Name Symbol Series (in times) S.No. 1 MARICO LIMITED MARICO 7.61 2 DABUR INDIA LIMITED DABUR 7.92 3 HINDUSTAN UNILEVER LIMITED HINDUNILVR 7.48 4 COLGATE PALMOLIVE (INDIA) LIMITED COLPAL 7.48 5 NESTLE INDIA LIMITED NESTLEIND 7.39 6 Alkem Laboratories Limited ALKEM 6.91 7 TATA CONSULTANCY SERVICES LIMITED TCS 7.24 8 DR. REDDY'S LABORATORIES LIMITED DRREDDY 6.54 9 PIDILITE INDUSTRIES LIMITED PIDILITIND 7.07 10 GODREJ CONSUMER PRODUCTS LIMITED GODREJCP 5.79 11 POWER GRID CORPORATION OF INDIA LIMITED POWERGRID 6.46 12 ACC LIMITED ACC 6.61 13 NTPC LIMITED NTPC 6.64 14 ITC LIMITED ITC 7.05 15 ASIAN PAINTS LIMITED ASIANPAINT 6.52 16 BRITANNIA INDUSTRIES LIMITED BRITANNIA 6.98 17 BERGER PAINTS (I) LIMITED BERGEPAINT 6.78 18 EXIDE INDUSTRIES LIMITED EXIDEIND 6.89 19 HDFC BANK LIMITED HDFCBANK 6.63 20 DIVI'S LABORATORIES LIMITED DIVISLAB 6.69 21 MRF LIMITED MRF 6.73 22 INDIAN OIL CORPORATION LIMITED IOC 6.49 23 BAJAJ AUTO LIMITED BAJAJ-AUTO 6.64 24 SIEMENS LIMITED SIEMENS 6.40 25 THE RAMCO CEMENTS LIMITED RAMCOCEM 6.23 26 TORRENT POWER LIMITED TORNTPOWER 6.10 27 UNITED BREWERIES LIMITED UBL 6.16 28 INFOSYS LIMITED INFY 6.82 29 CIPLA LIMITED CIPLA 6.52 30 Pfizer Limited PFIZER 6.41 31 PETRONET LNG LIMITED PETRONET 6.45 32 UNITED SPIRITS LIMITED MCDOWELL-N 6.24 33 CADILA HEALTHCARE LIMITED CADILAHC 5.97 34 WIPRO LIMITED WIPRO 6.10 35 SUN PHARMACEUTICAL INDUSTRIES LIMITED SUNPHARMA 6.18 36 BATA INDIA LIMITED BATAINDIA 6.44 37 LARSEN & TOUBRO LIMITED LT 6.38 38 ULTRATECH CEMENT -
Result Review
RESULT REVIEW SELL TP: Rs 140 | 37% APOLLO TYRES | Auto Components | 13 May 2021 Margin headwinds ahead; maintain SELL Apollo Tyres (APTY) delivered an operational beat in Q4FY21 led by better margins Mayur Milak | Nishant Chowhan, CFA in European operation. Consolidated revenue dipped 3% QoQ to Rs 50bn, [email protected] EBITDA margin dropped 300bps to 16.2% (–500bps est.), and adj. PAT fell 36% QoQ to Rs 2.9bn. We expect consolidated margins to remain stressed given steep RM cost inflation, higher share of the lower-margin India business, and an adverse product mix as OEM demand returns in FY22. Current valuations at 25x FY23E EPS look rich – retain SELL with an unchanged Mar’22 TP of Rs 140. European operations cushion margin: APTY’s consolidated Q4FY21 revenue Ticker/ Price APTY IN /Rs 221 totalled Rs 50bn ( –3% QoQ) on higher volume growth across segments. Market cap US$ 1.7bn Though India operations reported a below-expected 38.6% gross margin, Shares o/s 572mn 3M ADV US$ 25.3mn outperformance in Europe cushioned the decline in consolidated EBITDA 52wk high/low Rs 261/Rs 89 margin to 300bps QoQ (vs. a 500bps contraction expected). Adj. PAT Promoter/FPI/DII 41%/23%/17% decreased 36% QoQ to Rs 2.9bn. Source: NSE Margin headwinds ahead: With a 12% QoQ cost rise in the raw material basket in Q4, a further expected increase of ~10% QoQ in Q1FY22 and the inability of tyre STOCK PERFORMANCE companies to fully pass on the burden, we anticipate further margin erosion. Also, (Rs) APTY our FY21-FY23 revenue forecast at 14% CAGR for Indian operations vs. -
Databank Consisting of More Than Databank 3000 Companies on Our Website Updated Information RECENT DIVIDEND ANNOUNCEMENTS Company Name Annc
Subscribers can access the complete databank consisting of more than Databank 3000 companies on our website Updated Information RECENT DIVIDEND ANNOUNCEMENTS www.DSIJ.in Company Name Annc. Date Div BC/RD Date Company Name Annc. Date Div BC/RD Date Company Name Annc. Date Div BC/RD Date (MM/DD/YY) (%) (MM/DD/YY) (MM/DD/YY) (%) (MM/DD/YY) (MM/DD/YY) (%) (MM/DD/YY) Numbers ADC India Communicat 05/04/12 5 07/03/12 DIC India 02/09/12 40 05/20/12 Kirloskar Ferrou 04/27/12 20 - Aditya Birla Chemica 05/11/12 5 - Dr. Reddy’s Labs 05/11/12 275 - Kirloskar Industries 04/27/12 40 07/18/12 Ador Fontech Ltd 04/30/12 150 - Eimco Elecon Ind 05/08/12 40 - Kirloskar Oil Engine 04/26/12 200 07/12/12 That Matter Ador Welding Ltd. 04/27/12 60 - Emami Ltd. 05/08/12 800 - Kirloskar Pneumatic 04/24/12 120 07/10/12 AGC Networks 05/10/12 150 - Everest Industries L 04/26/12 70 - Kitex Garments 04/21/12 60 05/24/12 Agro Tech Foods Ltd. 04/26/12 17.5 - Exide Inds. 04/30/12 60 - Kotak Mahindra Bank 05/08/12 12 - Ajanta Pharma Lt 04/26/12 75 - Federal Bank 05/11/12 90 - KPIT Cummins Infosys 04/30/12 35 - Alembic Pharmaceutic 04/25/12 70 - Finolex Cables 05/03/12 40 07/28/12 KPR Mill Ltd. 05/04/12 - 05/21/12 Alfa Laval (I) Ltd. 02/09/12 300 - Finolex Industri 04/30/12 30 - Lakshmi Finance 04/30/12 15 - 5821819 crore Allahabad Bank 05/07/12 60 05/26/12 Futuristic Solutions 05/11/12 8 - LG Balakrishnan&Bros 04/28/12 110 - ` Alstom Projects Ind.