MRF Limited's (NSE:MRF) Business Is Yet to Catch Up With Its Share Price
Mar 18
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Indian (NIFTY) Tires and Rubber Industry Analysis
UpdatedApr 21, 2025
DataAggregated Company Financials
Companies16
- 7D7.1%
- 3M0.7%
- 1Y-1.2%
- YTDn/a
In the last week, the Tires and Rubber industry is up 7.1%, with MRF leading the way, up 7.6%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 19% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 21 Apr 2025 | ₹1.6t | ₹980.3b | ₹60.6b | 30x | 26.3x | 1.6x |
| Wed, 19 Mar 2025 | ₹1.5t | ₹980.3b | ₹60.6b | 29.1x | 24.2x | 1.5x |
| Fri, 14 Feb 2025 | ₹1.5t | ₹979.9b | ₹60.7b | 29.7x | 24.8x | 1.5x |
| Sun, 12 Jan 2025 | ₹1.6t | ₹961.6b | ₹65.6b | 33.2x | 24.8x | 1.7x |
| Tue, 10 Dec 2024 | ₹1.8t | ₹959.9b | ₹65.5b | 33.9x | 27.6x | 1.9x |
| Thu, 07 Nov 2024 | ₹1.7t | ₹950.3b | ₹68.7b | 34.1x | 24.6x | 1.8x |
| Sat, 05 Oct 2024 | ₹1.8t | ₹948.4b | ₹70.8b | 33.7x | 25x | 1.9x |
| Mon, 02 Sep 2024 | ₹1.7t | ₹946.1b | ₹70.6b | 33.6x | 24.7x | 1.8x |
| Wed, 31 Jul 2024 | ₹1.9t | ₹932.0b | ₹69.8b | 30.7x | 27.3x | 2x |
| Fri, 28 Jun 2024 | ₹1.8t | ₹932.9b | ₹69.7b | 30.6x | 25.4x | 1.9x |
| Sun, 26 May 2024 | ₹1.7t | ₹933.5b | ₹70.0b | 28.6x | 24.8x | 1.9x |
| Tue, 23 Apr 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 28.5x | 23.3x | 1.7x |
| Thu, 21 Mar 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 28.2x | 23.1x | 1.7x |
| Sat, 17 Feb 2024 | ₹1.7t | ₹917.5b | ₹68.0b | 30.6x | 25.7x | 1.9x |
| Mon, 15 Jan 2024 | ₹1.7t | ₹908.5b | ₹57.4b | 33.4x | 29x | 1.8x |
| Wed, 13 Dec 2023 | ₹1.6t | ₹908.5b | ₹57.4b | 30.6x | 27.1x | 1.7x |
| Fri, 10 Nov 2023 | ₹1.5t | ₹909.3b | ₹57.4b | 25.9x | 25.7x | 1.6x |
| Sun, 08 Oct 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 26.6x | 30.7x | 1.6x |
| Tue, 05 Sep 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 27.6x | 30.1x | 1.5x |
| Thu, 03 Aug 2023 | ₹1.4t | ₹897.7b | ₹37.8b | 31.4x | 37.4x | 1.6x |
| Sat, 01 Jul 2023 | ₹1.4t | ₹900.7b | ₹36.4b | 31.7x | 37.2x | 1.5x |
| Mon, 29 May 2023 | ₹1.3t | ₹900.9b | ₹37.4b | 33.4x | 35.8x | 1.5x |
| Wed, 26 Apr 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 33.5x | 36.8x | 1.3x |
| Fri, 24 Mar 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 31.3x | 35.6x | 1.2x |
| Sun, 19 Feb 2023 | ₹1.1t | ₹878.5b | ₹30.6b | 33.4x | 37.1x | 1.3x |
| Tue, 17 Jan 2023 | ₹1.2t | ₹852.8b | ₹31.1b | 30.6x | 38x | 1.4x |
| Thu, 15 Dec 2022 | ₹1.2t | ₹852.8b | ₹31.1b | 28.1x | 38.2x | 1.4x |
| Sat, 12 Nov 2022 | ₹1.1t | ₹836.4b | ₹30.4b | 26.3x | 35.7x | 1.3x |
| Mon, 10 Oct 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 33.6x | 33.5x | 1.3x |
| Wed, 07 Sep 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 33x | 34.1x | 1.3x |
| Fri, 05 Aug 2022 | ₹1.1t | ₹764.5b | ₹31.4b | 35.7x | 35.1x | 1.4x |
| Sun, 03 Jul 2022 | ₹951.5b | ₹752.4b | ₹31.5b | 29.3x | 30.2x | 1.3x |
| Tue, 31 May 2022 | ₹1.0t | ₹756.2b | ₹31.5b | 30.2x | 32.1x | 1.3x |
| Thu, 28 Apr 2022 | ₹987.3b | ₹728.0b | ₹38.7b | 23.4x | 25.5x | 1.4x |
Price to Earnings Ratio
25.5x
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 26.3x which is lower than its 3-year average PE of 29.8x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Tires and Rubber industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 10% 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 | 4.32% | |
| Consumer Discretionary | 3.33% | |
| Auto Components | 5.16% | |
| Tires and Rubber | 7.10% | |
| Auto Parts and Equipment | 4.72% | |
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 | |
|---|---|---|---|---|---|
| MRF MRF | ₹126.80k | 7.9% +₹39.3b | -1.7% | PE30.7x | |
| 502355 Balkrishna Industries | ₹2.53k | 8.2% +₹37.0b | 6.9% | PE27.6x | |
| APOLLOTYRE Apollo Tyres | ₹460.80 | 7.7% +₹21.0b | -4.0% | PE22.7x | |
| 500878 CEAT | ₹3.02k | 6.6% +₹7.6b | 20.2% | PE25.4x | |
| 530007 JK Tyre & Industries | ₹311.30 | 9.7% +₹7.5b | -24.6% | PE15x |
