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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies16
  • 7D3.3%
  • 3M-7.8%
  • 1Y5.1%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has risen 5.6%, driven by gains in MRF and Balkrishna Industries of 3.6% and 4.6%, respectively. In the last 12 months, the industry was up 3.7%. 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
Thu, 16 Apr 2026₹1.7t₹1.1t₹59.2b27.7x28x1.6x
Sat, 14 Mar 2026₹1.6t₹1.1t₹59.2b26.6x26.8x1.5x
Mon, 09 Feb 2026₹1.9t₹1.1t₹59.0b31.5x31.5x1.7x
Wed, 07 Jan 2026₹1.8t₹1.0t₹52.4b33.7x34.4x1.7x
Fri, 05 Dec 2025₹1.8t₹1.0t₹52.4b33.8x34.8x1.8x
Sun, 02 Nov 2025₹1.8t₹1.0t₹52.2b34.6x34.3x1.8x
Tue, 30 Sep 2025₹1.7t₹1.0t₹51.5b32.9x32.4x1.6x
Thu, 28 Aug 2025₹1.6t₹1.0t₹51.5b32.2x31.7x1.6x
Sat, 26 Jul 2025₹1.7t₹1.0t₹57.6b31.6x30.4x1.7x
Mon, 23 Jun 2025₹1.6t₹1.0t₹58.1b29.2x28.1x1.6x
Wed, 21 May 2025₹1.7t₹998.1b₹60.0b32.3x29.1x1.7x
Fri, 18 Apr 2025₹1.6t₹980.3b₹60.6b30x26.3x1.6x
Sun, 16 Mar 2025₹1.4t₹980.3b₹60.6b28.8x23.6x1.5x
Tue, 11 Feb 2025₹1.5t₹979.6b₹61.0b29.2x25.1x1.6x
Thu, 09 Jan 2025₹1.7t₹961.6b₹65.6b33.7x25.5x1.7x
Sat, 07 Dec 2024₹1.8t₹959.9b₹65.5b34.2x27x1.8x
Mon, 04 Nov 2024₹1.7t₹952.9b₹69.8b32.5x24.5x1.8x
Wed, 02 Oct 2024₹1.9t₹948.4b₹70.8b34.5x26.6x2x
Fri, 30 Aug 2024₹1.7t₹946.1b₹70.6b33.7x24.7x1.8x
Sun, 28 Jul 2024₹1.9t₹932.0b₹69.8b30.2x27x2x
Tue, 25 Jun 2024₹1.8t₹932.9b₹69.7b30.4x25.2x1.9x
Thu, 23 May 2024₹1.8t₹935.5b₹70.0b28.7x25.1x1.9x
Sat, 20 Apr 2024₹1.6t₹917.6b₹68.0b28.9x23.4x1.7x
Mon, 18 Mar 2024₹1.6t₹917.6b₹68.0b29.4x24x1.8x
Wed, 14 Feb 2024₹1.7t₹917.7b₹67.9b30.8x25x1.9x
Fri, 12 Jan 2024₹1.6t₹908.5b₹57.4b33.3x28.7x1.8x
Sun, 10 Dec 2023₹1.6t₹908.5b₹57.4b30.5x27.1x1.7x
Tue, 07 Nov 2023₹1.4t₹905.0b₹54.5b26.2x26.6x1.6x
Thu, 05 Oct 2023₹1.4t₹903.0b₹46.3b26.1x30.4x1.6x
Sat, 02 Sep 2023₹1.4t₹903.0b₹46.3b27.9x29.9x1.5x
Mon, 31 Jul 2023₹1.4t₹897.7b₹37.8b31.4x37.5x1.6x
Wed, 28 Jun 2023₹1.3t₹900.7b₹36.4b31.9x36.6x1.5x
Fri, 26 May 2023₹1.3t₹901.1b₹37.4b37.1x34.9x1.4x
Sun, 23 Apr 2023₹1.1t₹878.8b₹30.6b33.8x36.9x1.3x
Price to Earnings Ratio

36.9x


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 28.9x202420252026
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 28.9x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.5x.
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 Market2.68%
Consumer Discretionary2.57%
Auto Components3.27%
Tires and Rubber3.25%
Auto Parts and Equipment3.27%
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
502355 Balkrishna Industries₹2.34k5.6%
+₹23.9b		-6.4%PE34.5x
MRF MRF₹138.74k3.5%
+₹20.0b		9.7%PE26.4x
500878 CEAT₹3.70k4.5%
+₹6.4b		22.4%PE27x
APOLLOTYRE Apollo Tyres₹443.650.7%
+₹2.1b		-1.8%PE30.4x
509243 TVS Srichakra₹3.88k7.2%
+₹2.0b		28.3%PE66.5x

Latest News

509152
₹1,978.15
GRP
7D
1.7%
1Y
-33.2%

509152: Upcoming Board Meeting And Stable Assumptions Will Support Long Term Upside

Analysts have kept their price target on GRP steady at ₹2,249, citing largely unchanged views on the discount rate, revenue growth, profit margin and forward P/E assumptions. 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).
APOLLOTYRE
₹443.65
Apollo Tyres
7D
0.7%
1Y
-1.8%

APOLLOTYRE: Future Upside Hinges On Andhra Pradesh Capacity Expansion Delivery

Analysts have trimmed the Apollo Tyres price target from about ₹558.61 to roughly ₹539.74. This reflects slightly higher discounting, a marginally different revenue growth and profit margin profile, and a modestly lower assumed future P/E multiple.
500878
₹3,700.65
CEAT
7D
4.5%
1Y
22.4%

500878: Renewable Projects And Refined Assumptions Will Likely Keep Expectations Grounded

Analysts have trimmed their price target on CEAT to around ₹3,409 from about ₹3,449, citing updated assumptions that include a slightly higher discount rate, modestly different revenue growth, a higher profit margin and a lower future P/E multiple. What's in the News A board meeting is scheduled for Jan 14, 2026, at 16:00 Indian Standard Time to consider and approve an investment in Clean Max Como Private Limited and Clean Max Emerald Private Limited for developing 59 MW hybrid wind solar projects in Gujarat and Tamil Nadu (Key Developments).
523550
₹46.87
Krypton Industries
7D
-1.1%
1Y
-3.7%
ETML
₹90.00
Emerald Tyre Manufacturers
7D
-4.3%
1Y
-15.1%
502355
₹2,343.80
Balkrishna Industries
7D
5.6%
1Y
-6.4%

502355: New Distribution Partnership And Funding Plans Will Support Future Upside

Analysts have nudged their price target on Balkrishna Industries slightly higher from ₹2,337.00 to about ₹2,348.28. The revision reflects updated fair value work that incorporates small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions.
530007
₹419.95
JK Tyre & Industries
7D
-0.3%
1Y
36.7%

530007: Upcoming Investments And Board Actions Will Support Earnings Upside Potential

Analysts keep the price target for JK Tyre & Industries steady at ₹650, indicating only minor tweaks in their model inputs such as the discount rate, revenue growth outlook, profit margin, and assumed future P/E multiple, rather than any major change in conviction. What's in the News Special or extraordinary shareholders meeting scheduled on April 22, 2026, via postal ballot in India, indicating upcoming matters that require shareholder approval (company event filing).
ITTL
₹103.20
Innovative Tyres & Tubes
7D
-0.05%
1Y
140.3%
509162
₹94.50
Indag Rubber
7D
-2.4%
1Y
-36.6%
509243
₹3,882.00
TVS Srichakra
7D
7.2%
1Y
28.3%
MRF
₹138,740.00
MRF
7D
3.5%
1Y
9.7%

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
500890
₹124.05
Modi Rubber
7D
4.9%
1Y
20.5%
500168
₹776.20
Goodyear India
7D
1.4%
1Y
-13.9%
VIAZ
₹60.50
Viaz Tyres
7D
-0.8%
1Y
-2.0%