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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.9%
  • 3M-16.0%
  • 1Y0.03%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 2.2%, driven by a pullback from Balkrishna Industries of 6.6%. Meanwhile, GRP actually outperformed within the industry, gaining 6.2% in the last week. Over the last year, the industry has been flat overall. 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
Fri, 03 Apr 2026₹1.5t₹1.1t₹59.2b26.3x25.5x1.4x
Sun, 01 Mar 2026₹1.7t₹1.1t₹59.2b28.5x28.9x1.6x
Tue, 27 Jan 2026₹1.7t₹1.0t₹52.9b31.2x32.8x1.7x
Thu, 25 Dec 2025₹1.8t₹1.0t₹52.4b32.5x34.1x1.7x
Sat, 22 Nov 2025₹1.8t₹1.0t₹52.4b33.7x34.1x1.7x
Mon, 20 Oct 2025₹1.8t₹1.0t₹52.1b33.4x33.6x1.7x
Wed, 17 Sep 2025₹1.7t₹1.0t₹51.5b35x33.9x1.7x
Fri, 15 Aug 2025₹1.6t₹1.0t₹51.5b32.3x31.3x1.6x
Sun, 13 Jul 2025₹1.8t₹1.0t₹58.1b31.5x30.4x1.8x
Tue, 10 Jun 2025₹1.7t₹1.0t₹58.1b30.3x29.4x1.7x
Thu, 08 May 2025₹1.8t₹984.5b₹60.5b32.5x29.1x1.8x
Sat, 05 Apr 2025₹1.5t₹980.3b₹60.6b28.4x24.2x1.5x
Mon, 03 Mar 2025₹1.4t₹980.3b₹60.6b29.9x23.7x1.5x
Wed, 29 Jan 2025₹1.5t₹968.1b₹66.2b30.1x23.4x1.6x
Fri, 27 Dec 2024₹1.8t₹961.6b₹65.6b32.9x27x1.8x
Sun, 24 Nov 2024₹1.7t₹959.9b₹65.5b32.8x25.6x1.7x
Tue, 22 Oct 2024₹1.8t₹951.3b₹70.0b32.9x25.2x1.9x
Thu, 19 Sep 2024₹1.8t₹948.4b₹70.8b33.2x25.7x1.9x
Sat, 17 Aug 2024₹1.7t₹946.2b₹70.6b33.4x24.7x1.8x
Mon, 15 Jul 2024₹1.8t₹929.4b₹69.7b31.1x25.8x1.9x
Wed, 12 Jun 2024₹1.8t₹933.1b₹69.7b27.9x25.4x1.9x
Fri, 10 May 2024₹1.6t₹924.0b₹68.3b27.5x23.2x1.7x
Sun, 07 Apr 2024₹1.6t₹917.6b₹68.0b28.7x24x1.8x
Tue, 05 Mar 2024₹1.7t₹917.6b₹68.0b30.8x25.4x1.9x
Thu, 01 Feb 2024₹1.8t₹911.9b₹60.9b34.1x28.8x1.9x
Sat, 30 Dec 2023₹1.6t₹908.5b₹57.4b33.2x28.2x1.8x
Mon, 27 Nov 2023₹1.5t₹908.5b₹57.4b28.9x25.8x1.6x
Wed, 25 Oct 2023₹1.4t₹900.5b₹47.9b25.2x29.8x1.6x
Fri, 22 Sep 2023₹1.4t₹903.0b₹46.3b26.9x30.3x1.6x
Sun, 20 Aug 2023₹1.4t₹902.9b₹46.3b28.6x30.1x1.5x
Tue, 18 Jul 2023₹1.4t₹896.5b₹36.4b32.8x38.2x1.6x
Thu, 15 Jun 2023₹1.3t₹900.7b₹36.4b33.2x36.4x1.5x
Sat, 13 May 2023₹1.3t₹897.6b₹36.6b36.5x34.4x1.4x
Mon, 10 Apr 2023₹1.1t₹878.8b₹30.6b32.4x35.8x1.2x
Price to Earnings Ratio

35.8x


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 29x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Tires and Rubber industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 26.0x which is lower than its 3-year average PE of 29.0x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
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-2.08%
Consumer Discretionary-2.43%
Auto Components-2.98%
Tires and Rubber-3.94%
Auto Parts and Equipment-2.83%
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₹1.91k6.2%
+₹598.4m		-38.0%PE42.4x
ETML Emerald Tyre Manufacturers₹93.008.3%
+₹138.3m		-13.3%PE15.6x
ITTL Innovative Tyres & Tubes₹101.256.1%
+₹58.0m		159.3%PS1.5x
509162 Indag Rubber₹92.002.4%
+₹57.2m		-27.6%PE28.2x
500890 Modi Rubber₹112.501.5%
+₹41.3m		9.2%PE16.8x

Latest News

509152
₹1,910.20
GRP
7D
6.2%
1Y
-38.0%

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

Analysts have kept the GRP fair value estimate broadly unchanged at about ₹2,249, with only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. This reflects a view that the stock’s risk and earnings profile are essentially stable.
APOLLOTYRE
₹409.45
Apollo Tyres
7D
-2.4%
1Y
-3.3%

APOLLOTYRE: Future Returns Will Reflect Andhra Pradesh Capacity Expansion Execution

Analysts have slightly reduced the Apollo Tyres fair value estimate, adjusting the target from ₹562.71 to ₹558.61 as they refine assumptions on discount rate, revenue growth, profit margin and future P/E in line with recent sector research trends. Analyst Commentary Recent changes in fair value estimates for Apollo Tyres sit against a backdrop of busy activity around alternative asset managers that share the Apollo name.
500878
₹3,364.05
CEAT
7D
-5.2%
1Y
16.9%

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).
523550
₹29.11
Krypton Industries
7D
-3.9%
1Y
-38.1%
502355
₹2,065.00
Balkrishna Industries
7D
-6.6%
1Y
-16.8%

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
₹389.00
JK Tyre & Industries
7D
-4.4%
1Y
32.8%

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).
ITTL
₹101.25
Innovative Tyres & Tubes
7D
6.1%
1Y
159.3%
509162
₹92.00
Indag Rubber
7D
2.4%
1Y
-27.6%
TOLINS
₹94.53
Tolins Tyres
7D
-1.3%
1Y
-24.0%
539040
₹6.19
Tirupati Innovar
7D
2.8%
1Y
-30.1%
542013
₹174.15
Dolfin Rubbers
7D
1.3%
1Y
-13.9%
509243
₹3,478.10
TVS Srichakra
7D
-0.4%
1Y
28.2%
MRF
₹126,390.00
MRF
7D
-2.8%
1Y
10.0%

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
500890
₹112.50
Modi Rubber
7D
1.5%
1Y
9.2%
ETML
₹93.00
Emerald Tyre Manufacturers
7D
8.3%
1Y
-13.3%

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