Here's Why MRF (NSE:MRF) Has Caught The Eye Of Investors
Apr 16
Indian (NIFTY) Tires and Rubber Industry Analysis
UpdatedApr 18, 2024
DataAggregated Company Financials
Companies14
- 7D-2.3%
- 3M-5.3%
- 1Y42.1%
- YTDn/a
Over the last 7 days, the Tires and Rubber industry has dropped 1.8%, driven by MRF declining 2.6%. Over the past 12 months, the industry was up 42%. Earnings are forecast to grow by 13% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 29.1x | 23.6x | 1.7x |
| Sun, 17 Mar 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 29.4x | 24x | 1.8x |
| Tue, 13 Feb 2024 | ₹1.7t | ₹917.6b | ₹67.9b | 30.4x | 25.1x | 1.9x |
| Thu, 11 Jan 2024 | ₹1.6t | ₹908.5b | ₹57.4b | 33.2x | 28.7x | 1.8x |
| Sat, 09 Dec 2023 | ₹1.6t | ₹908.5b | ₹57.4b | 30.5x | 27.1x | 1.7x |
| Mon, 06 Nov 2023 | ₹1.4t | ₹905.0b | ₹54.5b | 25.5x | 26.4x | 1.6x |
| Wed, 04 Oct 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 26.3x | 30.4x | 1.6x |
| Fri, 01 Sep 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 27.6x | 29.9x | 1.5x |
| Sun, 30 Jul 2023 | ₹1.4t | ₹897.7b | ₹37.8b | 31.4x | 37.5x | 1.6x |
| Tue, 27 Jun 2023 | ₹1.3t | ₹900.7b | ₹36.4b | 31.9x | 36.8x | 1.5x |
| Thu, 25 May 2023 | ₹1.3t | ₹901.1b | ₹37.4b | 37.1x | 34.9x | 1.4x |
| Sat, 22 Apr 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 33.8x | 36.9x | 1.3x |
| Mon, 20 Mar 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 31.4x | 35.2x | 1.2x |
| Wed, 15 Feb 2023 | ₹1.1t | ₹877.7b | ₹30.5b | 30.9x | 36.7x | 1.3x |
| Fri, 13 Jan 2023 | ₹1.2t | ₹852.8b | ₹31.1b | 30.5x | 37.9x | 1.4x |
| Sun, 11 Dec 2022 | ₹1.2t | ₹852.8b | ₹31.1b | 27.8x | 37.4x | 1.4x |
| Tue, 08 Nov 2022 | ₹1.1t | ₹822.8b | ₹31.3b | 27.2x | 36.2x | 1.4x |
| Thu, 06 Oct 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 33.4x | 33.5x | 1.3x |
| Sat, 03 Sep 2022 | ₹1.0t | ₹814.8b | ₹31.4b | 30x | 33.3x | 1.3x |
| Mon, 01 Aug 2022 | ₹1.1t | ₹761.7b | ₹31.3b | 34.7x | 34x | 1.4x |
| Wed, 29 Jun 2022 | ₹951.6b | ₹752.4b | ₹31.5b | 29.2x | 30.2x | 1.3x |
| Fri, 27 May 2022 | ₹978.8b | ₹755.3b | ₹32.0b | 29.1x | 30.6x | 1.3x |
| Sun, 24 Apr 2022 | ₹951.6b | ₹727.9b | ₹38.7b | 23.5x | 24.6x | 1.3x |
| Tue, 22 Mar 2022 | ₹910.1b | ₹727.9b | ₹38.7b | 20.1x | 23.5x | 1.3x |
| Thu, 17 Feb 2022 | ₹918.2b | ₹727.9b | ₹38.7b | 19.5x | 23.7x | 1.3x |
| Sat, 15 Jan 2022 | ₹1.1t | ₹707.7b | ₹48.2b | 15.5x | 22.4x | 1.5x |
| Mon, 13 Dec 2021 | ₹1.0t | ₹707.7b | ₹48.2b | 14.5x | 21.1x | 1.4x |
| Wed, 10 Nov 2021 | ₹1.1t | ₹693.6b | ₹50.1b | 14.6x | 21.8x | 1.6x |
| Fri, 08 Oct 2021 | ₹1.1t | ₹673.7b | ₹47.7b | 20.2x | 23.5x | 1.7x |
| Sun, 05 Sep 2021 | ₹1.1t | ₹673.7b | ₹49.3b | 17.4x | 22.2x | 1.6x |
| Tue, 03 Aug 2021 | ₹1.1t | ₹673.7b | ₹49.3b | 18.3x | 22.8x | 1.7x |
| Fri, 07 May 2021 | ₹948.8b | ₹601.6b | ₹39.3b | 18.6x | 24.1x | 1.6x |
Price to Earnings Ratio
24.1x
Current Industry PE
- Investors are pessimistic on the Indian Tires and Rubber industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 23.6x which is lower than its 3-year average PE of 29.1x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Tires and Rubber industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 15% 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 | -2.09% | |
| Consumer Discretionary | -1.42% | |
| Auto Components | 0.34% | |
| Tires and Rubber | -2.33% | |
| Auto Parts and Equipment | 0.93% | |
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 | |
|---|---|---|---|---|---|
| 542013 Dolfin Rubbers | ₹190.75 | 14.9% +₹248.2m | 50.1% | PE45x | |
| VIAZ Viaz Tyres | ₹55.05 | 1.4% +₹9.2m | -1.7% | PE41x | |
| 523550 Krypton Industries | ₹43.80 | 1.3% +₹8.2m | 114.3% | PE55.6x |