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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.8%
  • 3M-4.4%
  • 1Y18.7%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 3.8%, driven by Balkrishna Industries declining 8.2%. In the past year, the industry has gained 19%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026₹1.7t₹1.1t₹59.2b28.5x28.9x1.6x
Thu, 29 Jan 2026₹1.7t₹1.0t₹52.9b31.4x32.6x1.7x
Sat, 27 Dec 2025₹1.8t₹1.0t₹52.4b32.4x33.8x1.7x
Mon, 24 Nov 2025₹1.8t₹1.0t₹52.4b33.7x34.1x1.7x
Wed, 22 Oct 2025₹1.8t₹1.0t₹52.1b36.5x35.2x1.8x
Fri, 19 Sep 2025₹1.7t₹1.0t₹51.5b34.2x33.9x1.7x
Sun, 17 Aug 2025₹1.6t₹1.0t₹51.5b32.3x31.3x1.6x
Tue, 15 Jul 2025₹1.8t₹1.0t₹58.1b32.2x30.5x1.8x
Thu, 12 Jun 2025₹1.7t₹1.0t₹58.1b30.1x29.2x1.7x
Sat, 10 May 2025₹1.7t₹995.8b₹61.6b31.7x28x1.7x
Mon, 07 Apr 2025₹1.5t₹980.3b₹60.6b28.4x24.2x1.5x
Wed, 05 Mar 2025₹1.4t₹980.3b₹60.6b29.4x23.1x1.4x
Fri, 31 Jan 2025₹1.6t₹968.1b₹66.2b30.5x23.7x1.6x
Sun, 29 Dec 2024₹1.8t₹961.6b₹65.6b33.1x27.2x1.9x
Tue, 26 Nov 2024₹1.7t₹959.9b₹65.5b32.6x25.7x1.8x
Thu, 24 Oct 2024₹1.7t₹951.3b₹70.0b30.7x24.6x1.8x
Sat, 21 Sep 2024₹1.8t₹948.4b₹70.8b33.2x25.8x1.9x
Mon, 19 Aug 2024₹1.7t₹946.2b₹70.6b33.4x24.7x1.8x
Wed, 17 Jul 2024₹1.8t₹929.4b₹69.7b31.2x26.4x2x
Fri, 14 Jun 2024₹1.8t₹933.1b₹69.7b28.4x25.1x1.9x
Sun, 12 May 2024₹1.6t₹923.8b₹68.3b27.4x23.4x1.7x
Tue, 09 Apr 2024₹1.6t₹917.6b₹68.0b29.2x24x1.8x
Thu, 07 Mar 2024₹1.7t₹917.6b₹68.0b30.6x25.4x1.9x
Sat, 03 Feb 2024₹1.7t₹911.9b₹60.9b33.9x28.6x1.9x
Mon, 01 Jan 2024₹1.6t₹908.5b₹57.4b33.2x28.2x1.8x
Wed, 29 Nov 2023₹1.5t₹908.5b₹57.4b29.7x26.1x1.7x
Fri, 27 Oct 2023₹1.4t₹900.5b₹47.9b25.1x29.6x1.6x
Sun, 24 Sep 2023₹1.4t₹903.0b₹46.3b27.1x30.5x1.6x
Tue, 22 Aug 2023₹1.4t₹902.9b₹46.3b28.5x30.1x1.5x
Thu, 20 Jul 2023₹1.4t₹896.5b₹36.4b32.2x38.4x1.6x
Sat, 17 Jun 2023₹1.3t₹900.7b₹36.4b32.7x36.7x1.5x
Mon, 15 May 2023₹1.3t₹897.6b₹36.6b36.5x34.4x1.4x
Wed, 12 Apr 2023₹1.1t₹878.8b₹30.6b33.4x36.1x1.3x
Fri, 10 Mar 2023₹1.1t₹878.8b₹30.6b33.5x35.9x1.2x
Price to Earnings Ratio

35.9x


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 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 Market-0.79%
Consumer Discretionary-0.46%
Auto Components1.74%
Tires and Rubber-3.80%
Auto Parts and Equipment2.70%
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
509152 GRP₹1.81k2.8%
+₹258.4m		-22.4%PE40.2x
ITTL Innovative Tyres & Tubes₹77.006.1%
+₹44.0m		162.4%PS1.2x
542013 Dolfin Rubbers₹177.551.7%
+₹30.1m		-11.2%PE32.7x

Latest News

502355
₹2,302.50
Balkrishna Industries
7D
-8.2%
1Y
-10.8%
509152
₹1,807.95
GRP
7D
2.8%
1Y
-22.4%

509152: Upcoming Board Results Review Will Support Long Term Earnings Upside

Analysts have kept their price target on GRP broadly unchanged at around ₹2,249. This reflects steady assumptions on discount rate, revenue growth, profit margin and future P/E, with only marginal model tweaks rather than a shift in view.
500878
₹3,459.00
CEAT
7D
-8.2%
1Y
45.0%

500878: Overseas Expansion, Debt Funding And Renewables Will Likely Keep Expectations Grounded

Narrative Update on CEAT The analyst fair value estimate for CEAT is effectively unchanged at about ₹3,493.54, as analysts adjust their assumptions slightly on discount rate, revenue growth, profit margin and future P/E without a material shift in their overall view. What's in the News Board meeting scheduled on December 5, 2025, with agenda details not disclosed in the summary provided (company filing).
APOLLOTYRE
₹440.40
Apollo Tyres
7D
-2.9%
1Y
13.7%

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.
530007
₹477.10
JK Tyre & Industries
7D
-10.4%
1Y
88.2%

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.
509162
₹93.35
Indag Rubber
7D
-8.1%
1Y
-21.9%
TOLINS
₹107.64
Tolins Tyres
7D
-9.1%
1Y
-7.8%
542013
₹177.55
Dolfin Rubbers
7D
1.7%
1Y
-11.2%
509243
₹3,830.00
TVS Srichakra
7D
-5.7%
1Y
46.4%
MRF
₹138,825.00
MRF
7D
-4.8%
1Y
32.0%

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
ITTL
₹77.00
Innovative Tyres & Tubes
7D
6.1%
1Y
162.4%