Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies16
  • 7D-1.6%
  • 3M3.9%
  • 1Y-0.7%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 1.6%, driven by declines in Balkrishna Industries and MRF of 3.1% and 2.2%, respectively. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Dec 2025₹1.8t₹1.0t₹52.4b32.4x33.8x1.7x
Tue, 25 Nov 2025₹1.8t₹1.0t₹52.4b33.7x34.2x1.7x
Thu, 23 Oct 2025₹1.8t₹1.0t₹52.1b36.5x35.2x1.8x
Sat, 20 Sep 2025₹1.7t₹1.0t₹51.5b34.4x33.9x1.7x
Mon, 18 Aug 2025₹1.6t₹1.0t₹51.5b32.3x31.3x1.6x
Wed, 16 Jul 2025₹1.8t₹1.0t₹58.1b32.2x30.8x1.8x
Fri, 13 Jun 2025₹1.7t₹1.0t₹58.1b29.9x28.9x1.7x
Sun, 11 May 2025₹1.7t₹991.7b₹61.6b31.7x28x1.7x
Tue, 08 Apr 2025₹1.4t₹980.3b₹60.6b27.8x23.3x1.4x
Thu, 06 Mar 2025₹1.4t₹980.3b₹60.6b29.3x23.5x1.5x
Sat, 01 Feb 2025₹1.6t₹968.1b₹66.2b30.5x23.8x1.6x
Mon, 30 Dec 2024₹1.8t₹961.6b₹65.6b33.1x27.2x1.9x
Wed, 27 Nov 2024₹1.7t₹959.9b₹65.5b32.8x26x1.8x
Fri, 25 Oct 2024₹1.7t₹951.3b₹70.0b30.4x24.4x1.8x
Sun, 22 Sep 2024₹1.8t₹948.4b₹70.8b33.2x25.8x1.9x
Tue, 20 Aug 2024₹1.7t₹946.1b₹70.6b33.2x24.6x1.8x
Thu, 18 Jul 2024₹1.8t₹929.4b₹69.7b31.2x26.5x2x
Sat, 15 Jun 2024₹1.8t₹932.9b₹69.7b29.1x25.2x1.9x
Mon, 13 May 2024₹1.6t₹924.6b₹68.3b27.2x23.4x1.7x
Wed, 10 Apr 2024₹1.6t₹917.6b₹68.0b29.1x24x1.8x
Fri, 08 Mar 2024₹1.7t₹917.6b₹68.0b30.3x25.4x1.9x
Sun, 04 Feb 2024₹1.7t₹910.9b₹60.8b33.9x28.6x1.9x
Tue, 02 Jan 2024₹1.6t₹908.5b₹57.4b33.2x28.1x1.8x
Thu, 30 Nov 2023₹1.5t₹908.5b₹57.4b29.9x26.1x1.7x
Sat, 28 Oct 2023₹1.4t₹900.5b₹47.9b27x29.6x1.6x
Mon, 25 Sep 2023₹1.4t₹903.0b₹46.3b27.1x30.5x1.6x
Wed, 23 Aug 2023₹1.4t₹902.9b₹46.3b28.3x30.3x1.6x
Fri, 21 Jul 2023₹1.4t₹896.5b₹36.4b32.2x38.3x1.6x
Sun, 18 Jun 2023₹1.3t₹900.7b₹36.4b32.7x36.7x1.5x
Tue, 16 May 2023₹1.3t₹897.6b₹36.6b36.1x34.2x1.4x
Thu, 13 Apr 2023₹1.1t₹878.8b₹30.6b33.7x36.6x1.3x
Sat, 11 Mar 2023₹1.1t₹878.8b₹30.6b33.6x36.1x1.3x
Mon, 06 Feb 2023₹1.2t₹868.6b₹32.5b31.6x37.2x1.4x
Wed, 04 Jan 2023₹1.2t₹852.8b₹31.1b28.6x37.5x1.4x
Price to Earnings Ratio

37.5x


Total Market Cap: ₹1.2tTotal Earnings: ₹31.1bTotal Revenue: ₹852.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.6x20242025
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 33.8x which is higher than its 3-year average PE of 29.6x.
  • 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 19% per year over the last three years.
  • Revenues for these companies have grown 6.6% 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 Market0.59%
Consumer Discretionary-0.22%
Auto Components-0.90%
Tires and Rubber-1.59%
Auto Parts and Equipment-0.78%
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
530007 JK Tyre & Industries₹497.152.4%
+₹3.2b		29.1%PE25.4x
500890 Modi Rubber₹167.6556.9%
+₹1.5b		32.5%PE25x
500168 Goodyear India₹850.552.2%
+₹414.0m		-16.1%PE47.2x
523550 Krypton Industries₹42.5012.6%
+₹69.7m		-48.8%PE92.1x
TOLINS Tolins Tyres₹133.060.7%
+₹37.9m		-33.8%PE14.4x

Latest News

MRF
₹150,205.00
MRF
7D
-2.2%
1Y
14.2%

Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement

Dec 27
Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement
APOLLOTYRE
₹505.80
Apollo Tyres
7D
-0.2%
1Y
-6.5%

APOLLOTYRE: Future Returns Will Balance Credit Risks With Fee And Capital Markets Tailwinds

Analysts have trimmed their price target on Apollo Tyres slightly, cutting it by INR 3 to reflect a more cautious stance on near term credit conditions, even as they acknowledge ongoing tailwinds from capital markets activity and fee driven earnings. Analyst Commentary Analysts remain divided on Apollo Tyres, with recent target cuts framed more as valuation housekeeping than a thesis change, as they balance solid fee based growth drivers against a more uncertain credit backdrop.
500878
₹3,853.45
CEAT
7D
-1.9%
1Y
18.5%

500878 Overseas Expansion Plans Will Likely Struggle To Justify Richer Market Expectations

Analysts have raised their price target on CEAT from ₹2,778 to ₹3,519, citing higher expected revenue growth, modestly stronger profit margins, and a richer forward valuation multiple. What's in the News Board meeting scheduled on December 23, 2025 to consider setting up a wholly owned subsidiary in the United Kingdom and a step down subsidiary in Germany, signaling a push into European markets (company filing) Board meeting on December 5, 2025 called to review key business matters and governance items ahead of year end (company filing) Special shareholders meeting on December 18, 2025 via postal ballot to vote on appointing Apurva Chandra as a non executive independent director and Paras K.
500890
₹167.65
Modi Rubber
7D
56.9%
1Y
32.5%
523550
₹42.50
Krypton Industries
7D
12.6%
1Y
-48.8%
530007
₹497.15
JK Tyre & Industries
7D
2.4%
1Y
29.1%
ITTL
₹95.35
Innovative Tyres & Tubes
7D
-4.2%
1Y
n/a
502355
₹2,290.95
Balkrishna Industries
7D
-3.1%
1Y
-20.0%

502355: Future Revenue Slowdown Will Likely Outweigh Modest Margin Improvement

Analysts have trimmed their price target on Balkrishna Industries slightly from ₹2,000 to ₹1,960, as they factor in a moderation in revenue growth assumptions partly offset by marginally stronger profit margins and a higher expected future P E multiple. What's in the News Board meeting scheduled for October 31, 2025, at 16:00 IST to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider declaration of a second interim dividend on equity shares for FY 2025-26, indicating potential near term shareholder payout (company filing) Meeting agenda also includes consideration of other corporate matters, leaving scope for additional governance or strategic decisions (company filing) Valuation Changes Fair Value: Trimmed slightly from ₹2,000 to ₹1,960, implying a modest reduction in the intrinsic value estimate.
539040
₹8.56
Tirupati Innovar
7D
2.3%
1Y
-32.8%
VIAZ
₹64.50
Viaz Tyres
7D
-7.4%
1Y
-3.4%
509243
₹4,079.10
TVS Srichakra
7D
-3.5%
1Y
14.8%
TOLINS
₹133.06
Tolins Tyres
7D
0.7%
1Y
-33.8%
ETML
₹104.85
Emerald Tyre Manufacturers
7D
0.8%
1Y
-41.9%

Emerald Tyre Manufacturers' (NSE:ETML) Profits Appear To Have Quality Issues

Nov 19
Emerald Tyre Manufacturers' (NSE:ETML) Profits Appear To Have Quality Issues
531346
₹31.49
Eastern Treads
7D
2.7%
1Y
-12.9%
509162
₹122.65
Indag Rubber
7D
-3.2%
1Y
-32.9%
500168
₹850.55
Goodyear India
7D
2.2%
1Y
-16.1%