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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedMay 31, 2023
DataAggregated Company Financials
Companies15
  • 7D-2.1%
  • 3M14.3%
  • 1Y23.4%
  • YTD9.3%

In the last week, the Tires and Rubber industry is up 1.9%, with MRF up 1.7%. During this same period, the Balkrishna Industries underperformed, falling 7.4%. This means that the industry has gained 28% over the past year. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 May 2023₹1.3t₹904.5b₹36.4b32.5x35x1.4x
Fri, 28 Apr 2023₹1.1t₹878.8b₹30.6b33.9x37.5x1.3x
Sun, 26 Mar 2023₹1.1t₹878.8b₹30.6b31.2x35.3x1.2x
Tue, 21 Feb 2023₹1.1t₹878.5b₹30.6b33.9x37.3x1.3x
Thu, 19 Jan 2023₹1.2t₹852.8b₹31.1b30.8x38.3x1.4x
Sat, 17 Dec 2022₹1.2t₹852.8b₹31.1b28.4x37.8x1.4x
Mon, 14 Nov 2022₹1.1t₹837.7b₹30.5b26.3x35.5x1.3x
Wed, 12 Oct 2022₹1.0t₹814.8b₹31.4b33.8x33.1x1.3x
Fri, 09 Sep 2022₹1.1t₹814.8b₹31.4b34.6x34.1x1.3x
Sun, 07 Aug 2022₹1.1t₹772.9b₹31.2b36.2x34.4x1.4x
Tue, 05 Jul 2022₹953.9b₹752.4b₹31.5b29.4x30.3x1.3x
Thu, 02 Jun 2022₹1.0t₹756.2b₹31.5b30.1x32.6x1.4x
Sat, 30 Apr 2022₹971.4b₹727.9b₹38.7b22.9x25.1x1.3x
Mon, 28 Mar 2022₹902.7b₹727.9b₹38.7b19.4x23.3x1.2x
Wed, 23 Feb 2022₹883.6b₹727.9b₹38.7b20.3x22.8x1.2x
Fri, 21 Jan 2022₹1.1t₹707.7b₹48.2b15.3x22x1.5x
Sun, 19 Dec 2021₹993.0b₹707.7b₹48.2b14.7x20.6x1.4x
Tue, 16 Nov 2021₹1.1t₹707.9b₹48.2b14.8x22.3x1.5x
Thu, 14 Oct 2021₹1.2t₹673.7b₹47.7b19.9x24.3x1.7x
Sat, 11 Sep 2021₹1.1t₹673.7b₹47.7b19.3x22.8x1.6x
Mon, 09 Aug 2021₹1.1t₹673.7b₹49.3b17.3x21.8x1.6x
Sun, 02 May 2021₹948.8b₹601.6b₹39.3b18.6x24.1x1.6x
Wed, 03 Feb 2021₹922.7b₹550.4b₹35.5b22x26x1.7x
Sat, 07 Nov 2020₹711.6b₹523.1b₹29.9b19.5x23.8x1.4x
Fri, 31 Jul 2020₹663.2b₹508.4b₹25.5b29.4x26x1.3x
Price to Earnings Ratio

16.5x


Total Market Cap: ₹591.0bTotal Earnings: ₹35.8bTotal Revenue: ₹574.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 27.9x202120222023
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 35.8x which is higher than its 3-year average PE of 27.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 16% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does Indian Tires and Rubber compare with similar industries?

IN Market1.43%
Consumer Discretionary1.60%
Auto Components0.70%
Tires and Rubber-2.07%
Auto Parts and Equipment1.42%
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
MRF MRF₹97.10k1.7%
+₹6.8b
25.0%PE53.6x
APOLLOTYRE Apollo Tyres₹385.651.7%
+₹4.2b
76.6%PE22.2x
530007 JK Tyre & Industries₹181.151.2%
+₹541.7m
56.9%PE17x
500890 Modi Rubber₹66.002.3%
+₹37.6m
7.1%PE5.9x
542013 Dolfin Rubbers₹130.251.9%
+₹24.6m
64.9%PE40x
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Latest News

500168

₹1,210.55

Goodyear India

7D

-2.4%

1Y

25.6%

509152

₹3,464.25

GRP

7D

-1.1%

1Y

159.8%

502355

₹2,226.25

Balkrishna Industries

7D

-7.4%

1Y

-4.8%

509162

₹133.55

Indag Rubber

7D

-5.3%

1Y

100.4%

523550

₹19.56

Krypton Industries

7D

-1.3%

1Y

-26.9%

509243

₹2,897.65

TVS Srichakra

7D

-3.1%

1Y

74.6%

530007

₹181.15

JK Tyre & Industries

7D

1.2%

1Y

56.9%

531346

₹33.00

Eastern Treads

7D

6.5%

1Y

-16.5%

542013

₹130.25

Dolfin Rubbers

7D

1.9%

1Y

64.9%

500890

₹66.00

Modi Rubber

7D

2.3%

1Y

7.1%

500878

₹1,916.50

CEAT

7D

-2.9%

1Y

89.1%

MRF

₹97,096.40

MRF

7D

1.7%

1Y

25.0%

BIRLATYRE

₹4.60

Birla Tyres

7D

2.2%

1Y

-37.8%

539040

₹54.09

Tirupati Tyres

7D

1.1%

1Y

639.9%