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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.6%
  • 3M-15.4%
  • 1Y-0.6%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 4.8%, driven by a pullback from MRF of 3.8%. As for the longer term, the industry's performance has been flat for the past year. 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
Wed, 25 Mar 2026₹1.5t₹1.1t₹59.2b25.8x25.6x1.4x
Fri, 20 Feb 2026₹1.8t₹1.1t₹59.2b29.8x30.3x1.7x
Sun, 18 Jan 2026₹1.8t₹1.0t₹52.4b33.5x33.9x1.7x
Tue, 16 Dec 2025₹1.8t₹1.0t₹52.4b33.8x34.2x1.7x
Thu, 13 Nov 2025₹1.8t₹1.0t₹52.2b34.5x35.3x1.8x
Sat, 11 Oct 2025₹1.7t₹1.0t₹51.5b34.9x33.8x1.7x
Mon, 08 Sep 2025₹1.7t₹1.0t₹51.5b33.2x32.8x1.7x
Wed, 06 Aug 2025₹1.7t₹1.0t₹55.6b31.5x30.3x1.7x
Fri, 04 Jul 2025₹1.7t₹1.0t₹58.1b30.6x29.8x1.7x
Sun, 01 Jun 2025₹1.7t₹1.0t₹58.1b30.2x29.3x1.7x
Tue, 29 Apr 2025₹1.6t₹980.2b₹60.6b30.4x26.8x1.7x
Thu, 27 Mar 2025₹1.5t₹980.3b₹60.6b29.5x25.1x1.6x
Sat, 22 Feb 2025₹1.5t₹980.3b₹60.6b29.5x24.9x1.5x
Mon, 20 Jan 2025₹1.6t₹965.0b₹64.8b32.3x24.7x1.7x
Wed, 18 Dec 2024₹1.8t₹961.6b₹65.6b33.1x27x1.8x
Fri, 15 Nov 2024₹1.6t₹959.2b₹65.5b32.7x24.6x1.7x
Sun, 13 Oct 2024₹1.8t₹948.8b₹70.9b32.6x25.3x1.9x
Tue, 10 Sep 2024₹1.8t₹946.1b₹70.6b34.1x25.3x1.9x
Thu, 08 Aug 2024₹1.8t₹931.5b₹70.4b30.6x26x2x
Sat, 06 Jul 2024₹1.8t₹932.9b₹69.7b31x26.1x1.9x
Mon, 03 Jun 2024₹1.7t₹932.9b₹69.6b27.8x24.4x1.8x
Wed, 01 May 2024₹1.7t₹917.6b₹68.0b28.9x24.3x1.8x
Fri, 29 Mar 2024₹1.6t₹917.6b₹68.0b28x23.6x1.7x
Sun, 25 Feb 2024₹1.8t₹917.6b₹68.0b31.5x25.9x1.9x
Tue, 23 Jan 2024₹1.8t₹908.5b₹57.4b34.4x31.5x2x
Thu, 21 Dec 2023₹1.5t₹908.5b₹57.4b31.5x26.2x1.7x
Sat, 18 Nov 2023₹1.5t₹908.5b₹57.4b29.5x26.3x1.7x
Mon, 16 Oct 2023₹1.4t₹903.0b₹46.3b27.7x31.2x1.6x
Wed, 13 Sep 2023₹1.4t₹903.0b₹46.3b27.4x29.8x1.5x
Fri, 11 Aug 2023₹1.4t₹900.0b₹43.9b30.7x32.2x1.6x
Sun, 09 Jul 2023₹1.4t₹900.8b₹36.4b32.3x37.9x1.5x
Tue, 06 Jun 2023₹1.3t₹900.9b₹36.4b33.6x35.4x1.4x
Thu, 04 May 2023₹1.2t₹878.8b₹30.6b35.4x39.4x1.4x
Sat, 01 Apr 2023₹1.1t₹878.8b₹30.6b30.3x35.6x1.2x
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 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 25.2x which is lower than its 3-year average PE of 29.1x.
  • 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-2.47%
Consumer Discretionary-2.03%
Auto Components-1.30%
Tires and Rubber-3.64%
Auto Parts and Equipment-0.91%
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
500878 CEAT₹3.45k1.0%
+₹1.4b		18.4%PE25.2x
509152 GRP₹1.78k4.8%
+₹431.5m		-33.4%PE39.6x
ITTL Innovative Tyres & Tubes₹93.608.1%
+₹70.5m		158.9%PS1.4x
539040 Tirupati Innovar₹6.081.5%
+₹2.2m		-30.8%PE4.7x

Latest News

502355
₹2,058.55
Balkrishna Industries
7D
-4.2%
1Y
-19.8%

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
₹398.50
JK Tyre & Industries
7D
-5.4%
1Y
37.7%

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
₹1,780.90
GRP
7D
4.8%
1Y
-33.4%

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).
500878
₹3,450.60
CEAT
7D
1.0%
1Y
18.4%

500878: Renewable Power Investments Will Support A More Positive Outlook

Analysts have nudged their price target on CEAT higher from about ₹4,217 to around ₹4,314. This reflects updated views that slightly adjust discount rate, revenue growth, profit margin expectations, and future P/E assumptions.
ITTL
₹93.60
Innovative Tyres & Tubes
7D
8.1%
1Y
158.9%
APOLLOTYRE
₹404.70
Apollo Tyres
7D
-4.1%
1Y
-6.4%

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.
TOLINS
₹94.73
Tolins Tyres
7D
-4.1%
1Y
-19.7%
539040
₹6.08
Tirupati Innovar
7D
1.5%
1Y
-30.8%
509243
₹3,450.00
TVS Srichakra
7D
-3.7%
1Y
32.1%
MRF
₹127,645.00
MRF
7D
-3.8%
1Y
11.7%

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
500168
₹705.65
Goodyear India
7D
-5.1%
1Y
-15.1%
ETML
₹83.50
Emerald Tyre Manufacturers
7D
-10.2%
1Y
-23.0%

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