Apollo Tyres (NSE:APOLLOTYRE) Might Have The Makings Of A Multi-Bagger
May 23
Indian (NIFTY) Tires and Rubber Industry Analysis
UpdatedMay 31, 2023
DataAggregated Company Financials
Companies15
- 7D-2.1%
- 3M14.3%
- 1Y23.4%
- YTD9.3%
In the last week, the Tires and Rubber industry is up 1.9%, with MRF up 1.7%. During this same period, the Balkrishna Industries underperformed, falling 7.4%. This means that the industry has gained 28% over the past year. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the Indian Tires and Rubber Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 31 May 2023 | ₹1.3t | ₹904.5b | ₹36.4b | 32.5x | 35x | 1.4x |
| Fri, 28 Apr 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 33.9x | 37.5x | 1.3x |
| Sun, 26 Mar 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 31.2x | 35.3x | 1.2x |
| Tue, 21 Feb 2023 | ₹1.1t | ₹878.5b | ₹30.6b | 33.9x | 37.3x | 1.3x |
| Thu, 19 Jan 2023 | ₹1.2t | ₹852.8b | ₹31.1b | 30.8x | 38.3x | 1.4x |
| Sat, 17 Dec 2022 | ₹1.2t | ₹852.8b | ₹31.1b | 28.4x | 37.8x | 1.4x |
| Mon, 14 Nov 2022 | ₹1.1t | ₹837.7b | ₹30.5b | 26.3x | 35.5x | 1.3x |
| Wed, 12 Oct 2022 | ₹1.0t | ₹814.8b | ₹31.4b | 33.8x | 33.1x | 1.3x |
| Fri, 09 Sep 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 34.6x | 34.1x | 1.3x |
| Sun, 07 Aug 2022 | ₹1.1t | ₹772.9b | ₹31.2b | 36.2x | 34.4x | 1.4x |
| Tue, 05 Jul 2022 | ₹953.9b | ₹752.4b | ₹31.5b | 29.4x | 30.3x | 1.3x |
| Thu, 02 Jun 2022 | ₹1.0t | ₹756.2b | ₹31.5b | 30.1x | 32.6x | 1.4x |
| Sat, 30 Apr 2022 | ₹971.4b | ₹727.9b | ₹38.7b | 22.9x | 25.1x | 1.3x |
| Mon, 28 Mar 2022 | ₹902.7b | ₹727.9b | ₹38.7b | 19.4x | 23.3x | 1.2x |
| Wed, 23 Feb 2022 | ₹883.6b | ₹727.9b | ₹38.7b | 20.3x | 22.8x | 1.2x |
| Fri, 21 Jan 2022 | ₹1.1t | ₹707.7b | ₹48.2b | 15.3x | 22x | 1.5x |
| Sun, 19 Dec 2021 | ₹993.0b | ₹707.7b | ₹48.2b | 14.7x | 20.6x | 1.4x |
| Tue, 16 Nov 2021 | ₹1.1t | ₹707.9b | ₹48.2b | 14.8x | 22.3x | 1.5x |
| Thu, 14 Oct 2021 | ₹1.2t | ₹673.7b | ₹47.7b | 19.9x | 24.3x | 1.7x |
| Sat, 11 Sep 2021 | ₹1.1t | ₹673.7b | ₹47.7b | 19.3x | 22.8x | 1.6x |
| Mon, 09 Aug 2021 | ₹1.1t | ₹673.7b | ₹49.3b | 17.3x | 21.8x | 1.6x |
| Sun, 02 May 2021 | ₹948.8b | ₹601.6b | ₹39.3b | 18.6x | 24.1x | 1.6x |
| Wed, 03 Feb 2021 | ₹922.7b | ₹550.4b | ₹35.5b | 22x | 26x | 1.7x |
| Sat, 07 Nov 2020 | ₹711.6b | ₹523.1b | ₹29.9b | 19.5x | 23.8x | 1.4x |
| Fri, 31 Jul 2020 | ₹663.2b | ₹508.4b | ₹25.5b | 29.4x | 26x | 1.3x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are optimistic on the Indian Tires and Rubber industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.8x which is higher than its 3-year average PE of 27.6x.
- The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Tires and Rubber industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 16% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Tires and Rubber compare with similar industries?
| IN Market | 1.43% | |
| Consumer Discretionary | 1.60% | |
| Auto Components | 0.70% | |
| Tires and Rubber | -2.07% | |
| Auto Parts and Equipment | 1.42% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MRF MRF | ₹97.10k | 1.7% +₹6.8b | 25.0% | PE53.6x | |
| APOLLOTYRE Apollo Tyres | ₹385.65 | 1.7% +₹4.2b | 76.6% | PE22.2x | |
| 530007 JK Tyre & Industries | ₹181.15 | 1.2% +₹541.7m | 56.9% | PE17x | |
| 500890 Modi Rubber | ₹66.00 | 2.3% +₹37.6m | 7.1% | PE5.9x | |
| 542013 Dolfin Rubbers | ₹130.25 | 1.9% +₹24.6m | 64.9% | PE40x |