Narrative Update • Jul 20
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Indian (NIFTY) Tires and Rubber Industry Analysis
UpdatedJul 30, 2026
DataAggregated Company Financials
Companies16
- 7D1.5%
- 3M0.8%
- 1Y-11.6%
- YTDn/a
In the last week, the Tires and Rubber industry is up 1.5%, with Balkrishna Industries up 3.2%. However, the industry is down 12% over the past year. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Indian Tires and Rubber Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Jul 2026 | ₹1.6t | ₹1.1t | ₹66.2b | 24.1x | 23.7x | 1.4x |
| Sat, 27 Jun 2026 | ₹1.6t | ₹1.1t | ₹67.2b | 22.3x | 23.6x | 1.4x |
| Mon, 25 May 2026 | ₹1.5t | ₹1.1t | ₹66.1b | 20.7x | 22.8x | 1.4x |
| Wed, 22 Apr 2026 | ₹1.7t | ₹1.1t | ₹59.2b | 28.3x | 28.2x | 1.6x |
| Fri, 20 Mar 2026 | ₹1.6t | ₹1.1t | ₹59.2b | 26.8x | 26.3x | 1.5x |
| Sun, 15 Feb 2026 | ₹1.9t | ₹1.1t | ₹59.1b | 31.3x | 31.5x | 1.7x |
| Tue, 13 Jan 2026 | ₹1.8t | ₹1.0t | ₹52.4b | 33.9x | 34.2x | 1.7x |
| Thu, 11 Dec 2025 | ₹1.8t | ₹1.0t | ₹52.4b | 32.8x | 33.9x | 1.7x |
| Sat, 08 Nov 2025 | ₹1.8t | ₹1.0t | ₹52.2b | 34.7x | 34.9x | 1.8x |
| Mon, 06 Oct 2025 | ₹1.7t | ₹1.0t | ₹51.5b | 34.5x | 33.4x | 1.7x |
| Wed, 03 Sep 2025 | ₹1.7t | ₹1.0t | ₹51.5b | 34x | 33.5x | 1.7x |
| Fri, 01 Aug 2025 | ₹1.7t | ₹1.0t | ₹55.6b | 32.3x | 31.2x | 1.7x |
| Sun, 29 Jun 2025 | ₹1.7t | ₹1.0t | ₹58.1b | 30x | 29.1x | 1.7x |
| Tue, 27 May 2025 | ₹1.8t | ₹998.5b | ₹58.1b | 32.6x | 30.2x | 1.8x |
| Thu, 24 Apr 2025 | ₹1.6t | ₹980.2b | ₹60.6b | 29.9x | 26.7x | 1.7x |
| Sat, 22 Mar 2025 | ₹1.5t | ₹980.3b | ₹60.6b | 29.4x | 25x | 1.5x |
| Mon, 17 Feb 2025 | ₹1.5t | ₹980.3b | ₹60.6b | 29.6x | 24.6x | 1.5x |
| Wed, 15 Jan 2025 | ₹1.6t | ₹961.6b | ₹65.6b | 32.5x | 24.4x | 1.7x |
| Fri, 13 Dec 2024 | ₹1.8t | ₹961.6b | ₹65.6b | 33.4x | 27.2x | 1.9x |
| Sun, 10 Nov 2024 | ₹1.7t | ₹957.3b | ₹67.6b | 33x | 24.8x | 1.7x |
| Tue, 08 Oct 2024 | ₹1.7t | ₹948.8b | ₹70.9b | 32.4x | 24.5x | 1.8x |
| Thu, 05 Sep 2024 | ₹1.8t | ₹946.1b | ₹70.6b | 34.3x | 25.3x | 1.9x |
| Sat, 03 Aug 2024 | ₹1.9t | ₹932.0b | ₹69.8b | 30.4x | 26.9x | 2x |
| Mon, 01 Jul 2024 | ₹1.8t | ₹932.9b | ₹69.7b | 30.5x | 26.3x | 2x |
| Wed, 29 May 2024 | ₹1.7t | ₹932.7b | ₹69.6b | 27.9x | 24.9x | 1.9x |
| Fri, 26 Apr 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 28.2x | 23.8x | 1.8x |
| Sun, 24 Mar 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 28.5x | 23.3x | 1.7x |
| Tue, 20 Feb 2024 | ₹1.7t | ₹917.6b | ₹68.0b | 30.3x | 25.7x | 1.9x |
| Thu, 18 Jan 2024 | ₹1.6t | ₹908.5b | ₹57.4b | 33.4x | 28.7x | 1.8x |
| Sat, 16 Dec 2023 | ₹1.6t | ₹908.5b | ₹57.4b | 31.2x | 27.1x | 1.7x |
| Mon, 13 Nov 2023 | ₹1.5t | ₹908.3b | ₹57.4b | 27.7x | 25.7x | 1.6x |
| Wed, 11 Oct 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 27.7x | 30.5x | 1.6x |
| Fri, 08 Sep 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 28.1x | 30.1x | 1.5x |
| Sun, 06 Aug 2023 | ₹1.5t | ₹904.7b | ₹43.6b | 32x | 33.7x | 1.6x |
Price to Earnings Ratio
33.7x
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 23.7x which is lower than its 3-year average PE of 27.7x.
- 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 15% per year over the last three years.
- Revenues for these companies have grown 7.1% 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 | 0.62% | |
| Consumer Discretionary | 1.68% | |
| Auto Components | 0.07% | |
| Tires and Rubber | 1.46% | |
| Auto Parts and Equipment | -0.12% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 502355 Balkrishna Industries | ₹2.31k | 14.6% +₹56.9b | -13.7% | PE31.7x | |
| MRF MRF | ₹134.86k | 2.1% +₹12.0b | -8.8% | PE23.6x | |
| 500878 CEAT | ₹3.46k | 3.6% +₹4.8b | 4.5% | PE23.7x | |
| 530007 JK Tyre & Industries | ₹397.25 | 2.7% +₹3.0b | 18.4% | PE14.8x | |
| 509152 GRP | ₹2.07k | 5.9% +₹609.6m | -12.9% | PE194.4x |