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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies16
  • 7D-4.5%
  • 3M-1.2%
  • 1Y17.3%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 4.5%, driven by declines in Balkrishna Industries and Apollo Tyres of 4.5% and 7.0%, respectively. Meanwhile, Krypton Industries actually outperformed within the industry, gaining 8.5% in the last week. Over the past 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026₹1.8t₹1.1t₹59.2b29.5x30x1.7x
Wed, 21 Jan 2026₹1.8t₹1.0t₹52.9b32.8x33.3x1.7x
Fri, 19 Dec 2025₹1.8t₹1.0t₹52.4b32.9x33.8x1.7x
Sun, 16 Nov 2025₹1.8t₹1.0t₹52.4b34.3x34.7x1.8x
Tue, 14 Oct 2025₹1.7t₹1.0t₹51.5b35.3x33.7x1.7x
Thu, 11 Sep 2025₹1.7t₹1.0t₹51.5b34.2x32.9x1.7x
Sat, 09 Aug 2025₹1.6t₹1.0t₹52.7b32.3x31.1x1.6x
Mon, 07 Jul 2025₹1.7t₹1.0t₹58.1b30.7x29.9x1.7x
Wed, 04 Jun 2025₹1.7t₹1.0t₹58.1b29.9x29x1.7x
Fri, 02 May 2025₹1.7t₹984.5b₹60.5b30.8x27.8x1.7x
Sun, 30 Mar 2025₹1.5t₹980.3b₹60.6b29.1x24.8x1.5x
Tue, 25 Feb 2025₹1.5t₹980.3b₹60.6b29.5x24.7x1.5x
Thu, 23 Jan 2025₹1.6t₹965.0b₹64.8b32.3x24.2x1.6x
Sat, 21 Dec 2024₹1.7t₹961.6b₹65.6b32.4x26.5x1.8x
Mon, 18 Nov 2024₹1.6t₹959.8b₹65.5b32.5x25.1x1.7x
Wed, 16 Oct 2024₹1.8t₹948.8b₹70.9b32.7x25.3x1.9x
Fri, 13 Sep 2024₹1.8t₹946.1b₹70.6b34.7x25.9x1.9x
Sun, 11 Aug 2024₹1.8t₹946.5b₹70.7b31.5x25.4x1.9x
Tue, 09 Jul 2024₹1.8t₹929.4b₹69.7b31.1x25.9x1.9x
Thu, 06 Jun 2024₹1.7t₹932.7b₹69.6b27.1x24.8x1.8x
Sat, 04 May 2024₹1.6t₹919.0b₹67.7b28.4x24x1.8x
Mon, 01 Apr 2024₹1.6t₹917.6b₹68.0b28x23.6x1.7x
Wed, 28 Feb 2024₹1.7t₹917.6b₹68.0b31.1x25.4x1.9x
Fri, 26 Jan 2024₹1.7t₹909.4b₹59.4b34.1x29.1x1.9x
Sun, 24 Dec 2023₹1.5t₹908.5b₹57.4b32.1x26.8x1.7x
Tue, 21 Nov 2023₹1.5t₹908.5b₹57.4b29.4x25.7x1.6x
Thu, 19 Oct 2023₹1.5t₹904.6b₹48.3b27.1x30.1x1.6x
Sat, 16 Sep 2023₹1.4t₹903.0b₹46.3b27.8x30.6x1.6x
Mon, 14 Aug 2023₹1.4t₹902.7b₹46.3b30.4x29.9x1.5x
Wed, 12 Jul 2023₹1.4t₹901.1b₹36.4b32.3x38.1x1.5x
Fri, 09 Jun 2023₹1.3t₹900.8b₹36.4b32.4x35.5x1.4x
Sun, 07 May 2023₹1.3t₹886.8b₹33.4b37.2x37.5x1.4x
Tue, 04 Apr 2023₹1.1t₹878.8b₹30.6b32.5x35.7x1.2x
Thu, 02 Mar 2023₹1.1t₹878.8b₹30.6b33.6x36.4x1.3x
Price to Earnings Ratio

36.4x


Total Market Cap: ₹1.1tTotal Earnings: ₹30.6bTotal Revenue: ₹878.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Tires and Rubber industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 29.3x.
  • 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 25% 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 Market0.28%
Consumer Discretionary-1.56%
Auto Components-1.18%
Tires and Rubber-4.54%
Auto Parts and Equipment-0.57%
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
ITTL Innovative Tyres & Tubes₹72.606.0%
+₹41.0m		152.1%PS1.1x
542013 Dolfin Rubbers₹174.550.6%
+₹11.0m		-13.8%PE32.1x

Latest News

APOLLOTYRE
₹453.50
Apollo Tyres
7D
-5.4%
1Y
13.0%

APOLLOTYRE: Future Returns Will Reflect Capacity Expansion And Refined Earnings Assumptions

The latest analyst update on Apollo Tyres reflects a modest recalibration of assumptions, with the long term fair value held around ₹562.71 per share while analysts factor in slightly higher discount rates and revenue growth expectations, along with a small adjustment to profit margin and future P/E inputs. Analyst Commentary Recent Street research around Apollo branded entities has focused on recalibrating price targets rather than making sweeping calls.
502355
₹2,509.00
Balkrishna Industries
7D
-2.5%
1Y
-6.5%

502355: Upcoming Board And Governance Decisions Will Shape Fairly Valued Outlook

The analyst price target for Balkrishna Industries has been revised from ₹2,324.94 to ₹2,384.67, with analysts citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E as the key drivers behind this change. What's in the News Popular Vehicles & Services' subsidiary Popular Auto Dealers has become the exclusive distributor for Balkrishna Industries' 2 wheeler and PCR tyre segments across Kerala and select regions of Karnataka, adding these lines to its existing spare parts distribution operations in the region (Key Developments).
530007
₹532.30
JK Tyre & Industries
7D
-8.6%
1Y
85.1%

530007: Board Meeting Will Reveal Fresh Earnings Momentum And Upside Potential

Analysts have raised their price target on JK Tyre & Industries from ₹625 to ₹650, citing updated assumptions around discount rates, revenue growth, profit margins and a higher future P/E multiple as key reasons for the change. What's in the News Board meeting scheduled for February 6, 2026, to review and approve standalone unaudited financial results for the third quarter ended December 31, 2025 (Key Developments) Board to also review and approve consolidated unaudited financial results for the nine months ended December 31, 2025, at the same meeting (Key Developments) Investors may monitor the outcome of the February 6, 2026, board meeting for fresh information on recent operating and financial trends across both standalone and consolidated books (Key Developments) Valuation Changes Fair Value: Price target adjusted from ₹625 to ₹650, reflecting a modest upward revision in the estimated value per share.
542013
₹174.55
Dolfin Rubbers
7D
0.6%
1Y
-13.8%
509152
₹1,759.50
GRP
7D
-3.7%
1Y
-32.8%

509152: Upcoming Results Review Will Support Long Term Earnings Upside

Analysts have revised their price target on GRP from ₹2,131 to ₹2,249, citing updates to their assumptions on revenue growth, profit margins, the discount rate and future P/E multiples. What's in the News GRP has scheduled a board meeting on Feb 10, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (company filing).
509243
₹4,060.10
TVS Srichakra
7D
-4.9%
1Y
44.7%
MRF
₹145,760.00
MRF
7D
-0.9%
1Y
33.9%

Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report

Feb 10
Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report
500878
₹3,768.45
CEAT
7D
-2.4%
1Y
42.6%

500878: Planned Overseas Subsidiaries And Debt Funding Will Likely Fail To Support Expectations

Analysts have modestly revised their price target on CEAT to ₹3,493.54. This reflects updated views on the discount rate, revenue growth assumptions, profit margin outlook and a slightly lower future P/E multiple.
ITTL
₹72.60
Innovative Tyres & Tubes
7D
6.0%
1Y
152.1%
500168
₹800.30
Goodyear India
7D
-2.8%
1Y
-8.8%