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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies16
  • 7D0.9%
  • 3M-11.6%
  • 1Y4.1%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 1.3%, driven by a pullback from MRF of 2.9%. Over the past 12 months, the industry was up 3.2%. 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
Fri, 27 Mar 2026₹1.6t₹1.1t₹59.2b26.7x26.6x1.5x
Sun, 22 Feb 2026₹1.8t₹1.1t₹59.2b29.5x30x1.7x
Tue, 20 Jan 2026₹1.8t₹1.0t₹52.4b33.4x34x1.7x
Thu, 18 Dec 2025₹1.8t₹1.0t₹52.4b33.6x34x1.7x
Sat, 15 Nov 2025₹1.8t₹1.0t₹52.2b34.9x34.8x1.8x
Mon, 13 Oct 2025₹1.7t₹1.0t₹51.5b34.9x33.8x1.7x
Wed, 10 Sep 2025₹1.7t₹1.0t₹51.5b33.8x32.9x1.7x
Fri, 08 Aug 2025₹1.7t₹1.0t₹55.6b31.2x29.7x1.6x
Sun, 06 Jul 2025₹1.7t₹1.0t₹58.1b30.7x29.9x1.7x
Tue, 03 Jun 2025₹1.7t₹1.0t₹58.1b30.3x29.3x1.7x
Thu, 01 May 2025₹1.7t₹984.7b₹60.5b30.8x27.8x1.7x
Sat, 29 Mar 2025₹1.5t₹980.3b₹60.6b29.1x24.8x1.5x
Mon, 24 Feb 2025₹1.5t₹980.3b₹60.6b29.5x24.9x1.5x
Wed, 22 Jan 2025₹1.6t₹965.0b₹64.8b32.1x24.4x1.6x
Fri, 20 Dec 2024₹1.8t₹961.6b₹65.6b32.5x26.8x1.8x
Sun, 17 Nov 2024₹1.6t₹959.8b₹65.5b32.5x25.1x1.7x
Tue, 15 Oct 2024₹1.8t₹948.8b₹70.9b32.6x25.3x1.9x
Thu, 12 Sep 2024₹1.8t₹946.1b₹70.6b34.6x25.7x1.9x
Sat, 10 Aug 2024₹1.8t₹940.9b₹69.1b31.5x26x1.9x
Mon, 08 Jul 2024₹1.8t₹929.4b₹69.7b31x26.1x2x
Wed, 05 Jun 2024₹1.6t₹932.9b₹69.6b26.6x23.5x1.8x
Fri, 03 May 2024₹1.7t₹919.0b₹67.7b29.1x24.6x1.8x
Sun, 31 Mar 2024₹1.6t₹917.6b₹68.0b28x23.6x1.7x
Tue, 27 Feb 2024₹1.7t₹917.6b₹68.0b31.3x25.6x1.9x
Thu, 25 Jan 2024₹1.8t₹908.5b₹57.4b34x30.9x2x
Sat, 23 Dec 2023₹1.5t₹908.5b₹57.4b32.1x26.7x1.7x
Mon, 20 Nov 2023₹1.5t₹908.5b₹57.4b29.5x26.3x1.7x
Wed, 18 Oct 2023₹1.4t₹903.0b₹46.3b27.7x31.2x1.6x
Fri, 15 Sep 2023₹1.4t₹903.0b₹46.3b27.8x30.6x1.6x
Sun, 13 Aug 2023₹1.4t₹902.7b₹46.3b30.4x29.9x1.5x
Tue, 11 Jul 2023₹1.4t₹900.8b₹36.4b33.9x37.7x1.5x
Thu, 08 Jun 2023₹1.3t₹900.9b₹36.4b32.8x35.7x1.4x
Sat, 06 May 2023₹1.3t₹884.0b₹32.3b37.4x38.7x1.4x
Mon, 03 Apr 2023₹1.1t₹878.8b₹30.6b31.4x35.6x1.2x
Price to Earnings Ratio

35.6x


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 29.1x202420252026
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 29.1x.
  • 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 Market1.06%
Consumer Discretionary1.33%
Auto Components1.93%
Tires and Rubber0.89%
Auto Parts and Equipment2.10%
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₹2.21k4.3%
+₹17.4b		-13.3%PE32.6x
500878 CEAT₹3.55k1.9%
+₹2.6b		25.0%PE25.9x
APOLLOTYRE Apollo Tyres₹419.650.05%
+₹127.0m		-2.0%PE28.8x
509152 GRP₹1.80k1.0%
+₹98.7m		-33.0%PE39.9x
ITTL Innovative Tyres & Tubes₹95.456.1%
+₹54.5m		154.2%PS1.5x

Latest News

500878
₹3,547.90
CEAT
7D
1.9%
1Y
25.0%

500878: Renewables Investment And Debt Funding Will Likely Keep Expectations Grounded

Analysts have trimmed their price target on CEAT slightly to around ₹3,449 from about ₹3,494, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News A board meeting is scheduled on January 14, 2026 to consider investing 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, indicating planned capital allocation toward renewable power sourcing (Key Developments).
502355
₹2,211.50
Balkrishna Industries
7D
4.3%
1Y
-13.3%

502355: New Distribution Tie Up And Governance Moves Will Shape Fairly Valued Outlook

Analysts have trimmed their price target on Balkrishna Industries slightly, with fair value moving from about ₹2,384.67 to ₹2,337.00. This reflects modest adjustments to long term assumptions for discount rate, revenue growth, profit margin and future P/E.
530007
₹407.10
JK Tyre & Industries
7D
-1.3%
1Y
43.1%

530007: Upcoming Investments In Renewable Ventures Will Support A More Positive Share Outlook

Analysts have raised their price target on JK Tyre & Industries from about ₹498.50 to roughly ₹560.70, citing updated assumptions on revenue growth, profit margins and future P/E multiples. What's in the News A board meeting is scheduled for Mar 05, 2026 to review and authorize a Share Subscription and Shareholders Agreement for an investment of ₹15.3 million to acquire 26% equity in FPEL Burning Bright Private Ltd (company filing).
509152
₹1,798.00
GRP
7D
1.0%
1Y
-33.0%

509152: Upcoming Board Review Will Support Long Term Earnings Upside

Analysts have kept their price target for GRP essentially unchanged at around ₹2,249, reflecting only very minor tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E, rather than a shift in their overall view. What's in the News GRP has scheduled a board meeting for Feb 10, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
ITTL
₹95.45
Innovative Tyres & Tubes
7D
6.1%
1Y
154.2%
APOLLOTYRE
₹419.65
Apollo Tyres
7D
0.05%
1Y
-2.0%

APOLLOTYRE: Future Returns Will Reflect Andhra Pradesh Expansion And Cash Deployment Discipline

Analysts have kept our fair value estimate for Apollo Tyres steady at ₹562.71 per share, with only marginal tweaks to the discount rate and long term assumptions. This reflects broadly unchanged views on revenue growth, profit margins and future P/E despite recent recalibration of price targets across the wider alternatives and credit space.
509162
₹89.82
Indag Rubber
7D
-2.1%
1Y
-27.7%
TOLINS
₹95.82
Tolins Tyres
7D
-2.0%
1Y
-17.3%
509243
₹3,493.75
TVS Srichakra
7D
-3.9%
1Y
39.5%
MRF
₹129,970.00
MRF
7D
-0.4%
1Y
14.7%

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
₹110.85
Modi Rubber
7D
-1.7%
1Y
7.1%
500168
₹697.10
Goodyear India
7D
-6.0%
1Y
-14.5%
ETML
₹85.90
Emerald Tyre Manufacturers
7D
-4.6%
1Y
-16.1%

These 4 Measures Indicate That Emerald Tyre Manufacturers (NSE:ETML) Is Using Debt Extensively

Feb 06
These 4 Measures Indicate That Emerald Tyre Manufacturers (NSE:ETML) Is Using Debt Extensively
VIAZ
₹62.40
Viaz Tyres
7D
1.3%
1Y
-1.0%