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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.8%
  • 3M-2.9%
  • 1Y11.5%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 1.8%, driven by pullbacks in Apollo Tyres and MRF of 4.6% and 2.3%, respectively. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the Indian Tires and Rubber Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026₹1.8t₹1.0t₹52.9b32.5x33.4x1.7x
Sun, 21 Dec 2025₹1.8t₹1.0t₹52.4b32.9x34.4x1.7x
Tue, 18 Nov 2025₹1.8t₹1.0t₹52.3b34.5x34.8x1.8x
Thu, 16 Oct 2025₹1.7t₹1.0t₹51.5b35x33.5x1.7x
Sat, 13 Sep 2025₹1.7t₹1.0t₹51.5b35.2x32.9x1.7x
Mon, 11 Aug 2025₹1.6t₹1.0t₹52.2b32.3x31.4x1.6x
Wed, 09 Jul 2025₹1.8t₹1.0t₹58.1b31.6x30.3x1.8x
Fri, 06 Jun 2025₹1.7t₹1.0t₹58.1b30.2x29.2x1.7x
Sun, 04 May 2025₹1.7t₹984.5b₹60.5b30.9x28x1.7x
Tue, 01 Apr 2025₹1.5t₹980.3b₹60.6b29.1x24.8x1.5x
Thu, 27 Feb 2025₹1.5t₹980.3b₹60.6b29.6x24.5x1.5x
Sat, 25 Jan 2025₹1.6t₹965.0b₹64.8b31.4x23.9x1.6x
Mon, 23 Dec 2024₹1.7t₹961.6b₹65.6b32.4x26.5x1.8x
Wed, 20 Nov 2024₹1.7t₹959.8b₹65.5b32.8x25.5x1.7x
Fri, 18 Oct 2024₹1.8t₹948.8b₹70.9b32.5x24.9x1.9x
Sun, 15 Sep 2024₹1.9t₹948.4b₹70.8b34.3x26.2x2x
Tue, 13 Aug 2024₹1.8t₹946.5b₹70.7b31.5x24.8x1.9x
Thu, 11 Jul 2024₹1.8t₹929.4b₹69.7b31.4x26.2x2x
Sat, 08 Jun 2024₹1.8t₹932.7b₹69.6b27.7x25.2x1.9x
Mon, 06 May 2024₹1.6t₹924.0b₹68.3b28.1x23.9x1.8x
Wed, 03 Apr 2024₹1.6t₹917.6b₹68.0b28.5x23.9x1.8x
Fri, 01 Mar 2024₹1.7t₹917.6b₹68.0b30.8x25.2x1.9x
Sun, 28 Jan 2024₹1.7t₹911.9b₹60.9b34.1x28.4x1.9x
Tue, 26 Dec 2023₹1.5t₹908.5b₹57.4b32.1x26.8x1.7x
Thu, 23 Nov 2023₹1.5t₹908.5b₹57.4b29.3x25.6x1.6x
Sat, 21 Oct 2023₹1.4t₹904.6b₹48.3b26.2x29.9x1.6x
Mon, 18 Sep 2023₹1.4t₹903.0b₹46.3b28x30.5x1.6x
Wed, 16 Aug 2023₹1.4t₹902.7b₹46.3b30x29.9x1.5x
Fri, 14 Jul 2023₹1.4t₹901.0b₹36.4b32.1x38.1x1.5x
Sun, 11 Jun 2023₹1.3t₹900.8b₹36.4b33.2x35.8x1.4x
Tue, 09 May 2023₹1.3t₹886.8b₹33.4b36.4x37.6x1.4x
Thu, 06 Apr 2023₹1.1t₹878.8b₹30.6b32.5x35.7x1.2x
Sat, 04 Mar 2023₹1.1t₹878.8b₹30.6b33.9x36.5x1.3x
Mon, 30 Jan 2023₹1.1t₹856.0b₹31.7b29.3x36x1.3x
Price to Earnings Ratio

36x


Total Market Cap: ₹1.1tTotal Earnings: ₹31.7bTotal Revenue: ₹856.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.5x202420252026
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 33.4x which is higher than its 3-year average PE of 29.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 6.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Tires and Rubber compare with similar industries?

IN Market-2.17%
Consumer Discretionary-3.67%
Auto Components-2.94%
Tires and Rubber-1.81%
Auto Parts and Equipment-3.15%
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?

CompanyLast Price7D1YValuation
530007 JK Tyre & Industries₹509.301.2%
+₹1.7b		49.1%PE27.4x

Latest News

502355
₹2,409.20
Balkrishna Industries
7D
-1.6%
1Y
-9.2%

502355: Future Board Decisions Will Support Confidence In Revised Undervalued Outlook

Analysts have reduced their fair value estimate for Balkrishna Industries from ₹3,195.00 to about ₹2,975.71, citing updated assumptions that combine slightly higher expected revenue growth with lower profit margins, along with a modest adjustment to the future P/E and discount rate. What's in the News A board meeting is scheduled for October 31, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider a second interim dividend on equity shares for FY 2025-26, if any (company filing).
530007
₹509.30
JK Tyre & Industries
7D
1.2%
1Y
49.1%

530007: Slightly Higher Margins And Lower Discount Rate Will Support Measured Outlook

Analysts have raised their price target on JK Tyre & Industries from ₹461.83 to ₹498.50, citing updated assumptions for slightly higher revenue growth, profit margins and forward P/E, as well as a small adjustment to the discount rate. Valuation Changes Fair Value: revised from ₹461.83 to ₹498.50, a modest upward move in the implied share value.
500878
₹3,715.75
CEAT
7D
-2.0%
1Y
25.9%
APOLLOTYRE
₹499.20
Apollo Tyres
7D
-1.8%
1Y
17.9%

APOLLOTYRE: Future Returns Will Reflect Repriced Credit Risk And Supportive Capital Markets

Narrative Update on Apollo Tyres The latest analyst work trims the implied fair value for Apollo Tyres from ₹564.74 to ₹562.83, as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions bring price targets in line with recent peer group updates from analysts on alternative asset managers. Analyst Commentary Recent research on alternative asset managers is being used as a reference point for revisiting assumptions on Apollo Tyres, particularly around discount rates, earnings resilience and appropriate P/E ranges.
509152
₹1,593.35
GRP
7D
-11.5%
1Y
-49.5%

509152: Solar Power Investment Will Drive Long Term Earnings Upside

Analysts have modestly raised their price target on GRP to approximately $2,131 per share, reflecting slightly lower perceived risk and stable long term growth and profitability assumptions. What's in the News The company issued earnings guidance for the second half of 2026, projecting revenue in the range of INR 250 million to INR 300 million (company guidance).
MRF
₹137,475.00
MRF
7D
-3.8%
1Y
23.3%

Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement

Dec 27
Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement
509243
₹3,838.70
TVS Srichakra
7D
-4.3%
1Y
25.0%
TOLINS
₹115.37
Tolins Tyres
7D
-10.5%
1Y
-33.0%
500168
₹802.10
Goodyear India
7D
-2.7%
1Y
-15.7%