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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.8%
  • 3M-9.4%
  • 1Y12.3%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 5.6%, driven by Balkrishna Industries declining 5.8%. In the past year, the industry has gained 14%. 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
Sat, 07 Mar 2026₹1.6t₹1.1t₹59.2b27.5x27.8x1.5x
Mon, 02 Feb 2026₹1.7t₹1.0t₹52.3b31.5x32.2x1.6x
Wed, 31 Dec 2025₹1.8t₹1.0t₹52.4b32.7x33.7x1.7x
Fri, 28 Nov 2025₹1.8t₹1.0t₹52.4b33.7x34.2x1.7x
Sun, 26 Oct 2025₹1.8t₹1.0t₹52.1b35.8x34.8x1.8x
Tue, 23 Sep 2025₹1.8t₹1.0t₹51.5b34.9x34.4x1.7x
Thu, 21 Aug 2025₹1.7t₹1.0t₹51.5b33.6x32.8x1.7x
Sat, 19 Jul 2025₹1.8t₹1.0t₹57.6b32.8x31x1.8x
Mon, 16 Jun 2025₹1.7t₹1.0t₹58.1b30x28.9x1.7x
Wed, 14 May 2025₹1.7t₹992.0b₹61.7b32.1x28.2x1.8x
Fri, 11 Apr 2025₹1.4t₹980.3b₹60.6b28.8x23.6x1.5x
Sun, 09 Mar 2025₹1.5t₹980.3b₹60.6b28.8x24.1x1.5x
Tue, 04 Feb 2025₹1.6t₹968.1b₹66.2b30x23.6x1.6x
Thu, 02 Jan 2025₹1.8t₹961.6b₹65.6b32.6x26.9x1.8x
Sat, 30 Nov 2024₹1.7t₹959.9b₹65.5b33x26.1x1.8x
Mon, 28 Oct 2024₹1.7t₹952.9b₹70.0b29.6x24.1x1.8x
Wed, 25 Sep 2024₹1.9t₹948.4b₹70.8b33.2x26.2x2x
Fri, 23 Aug 2024₹1.8t₹946.1b₹70.6b33.8x25.4x1.9x
Sun, 21 Jul 2024₹1.8t₹932.0b₹69.8b30.5x25.8x1.9x
Tue, 18 Jun 2024₹1.8t₹932.9b₹69.7b29.1x25.2x1.9x
Thu, 16 May 2024₹1.6t₹930.7b₹67.1b27.5x23.9x1.7x
Sat, 13 Apr 2024₹1.6t₹917.6b₹68.0b29.9x23.9x1.8x
Mon, 11 Mar 2024₹1.7t₹917.6b₹68.0b30.3x25x1.9x
Wed, 07 Feb 2024₹1.8t₹910.9b₹60.8b33.8x28.8x1.9x
Fri, 05 Jan 2024₹1.6t₹908.5b₹57.4b33.2x28x1.8x
Sun, 03 Dec 2023₹1.5t₹908.5b₹57.4b29.7x26.2x1.7x
Tue, 31 Oct 2023₹1.4t₹899.7b₹48.0b26.5x29.8x1.6x
Thu, 28 Sep 2023₹1.4t₹903.0b₹46.3b26.9x30.7x1.6x
Sat, 26 Aug 2023₹1.4t₹902.9b₹46.3b28.5x30.1x1.5x
Mon, 24 Jul 2023₹1.4t₹896.5b₹36.4b31.9x38.3x1.6x
Wed, 21 Jun 2023₹1.3t₹900.7b₹36.4b32.8x37.1x1.5x
Fri, 19 May 2023₹1.3t₹901.2b₹37.2b36.3x33.7x1.4x
Sun, 16 Apr 2023₹1.1t₹878.8b₹30.6b33.6x36.8x1.3x
Tue, 14 Mar 2023₹1.1t₹878.8b₹30.6b32.5x35.3x1.2x
Price to Earnings Ratio

35.3x


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 29.3x202420252026
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 29.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
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-3.02%
Consumer Discretionary-3.88%
Auto Components-4.80%
Tires and Rubber-3.79%
Auto Parts and Equipment-4.96%
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
542013 Dolfin Rubbers₹175.453.2%
+₹54.7m		-15.2%PE32.3x
ETML Emerald Tyre Manufacturers₹98.802.9%
+₹54.5m		-21.9%PE16.6x
ITTL Innovative Tyres & Tubes₹80.056.0%
+₹45.5m		152.9%PS1.2x

Latest News

502355
₹2,253.15
Balkrishna Industries
7D
-5.8%
1Y
-11.6%

502355: Debt Funding And Leadership Moves Will Support Confident Undervalued Outlook

Analysts have nudged their fair value estimate for Balkrishna Industries to ₹3,018.14, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Balkrishna Industries plans to receive 75,000 unsecured redeemable non convertible debentures at ₹1,00,000 each, for total gross proceeds of ₹7.5b on March 2, 2026, indicating upcoming debt funding activity (Key Developments).
530007
₹452.30
JK Tyre & Industries
7D
-9.7%
1Y
61.7%

530007: Upcoming Results Will Confirm Earnings Momentum And Support Upside Potential

Analysts have kept their price target for JK Tyre & Industries steady at ₹650, pointing to largely unchanged fair value estimates supported by only marginal tweaks to the discount rate, revenue growth, profit margin assumptions and future P/E expectations. What's in the News Board meeting scheduled for February 6, 2026, to review and approve standalone unaudited financial results for the third quarter and nine months ended December 31, 2025 (company filing).
500878
₹3,457.75
CEAT
7D
-2.1%
1Y
32.9%

500878: Overseas Expansion, Debt Funding And Renewables Will Likely Keep Expectations Grounded

Narrative Update on CEAT The analyst fair value estimate for CEAT is effectively unchanged at about ₹3,493.54, as analysts adjust their assumptions slightly on discount rate, revenue growth, profit margin and future P/E without a material shift in their overall view. What's in the News Board meeting scheduled on December 5, 2025, with agenda details not disclosed in the summary provided (company filing).
APOLLOTYRE
₹439.75
Apollo Tyres
7D
-3.1%
1Y
6.8%

APOLLOTYRE: Future Returns Will Reflect Capacity Expansion And Refined Earnings Assumptions

The latest analyst update on Apollo Tyres reflects a modest recalibration of assumptions, with the long term fair value held around ₹562.71 per share while analysts factor in slightly higher discount rates and revenue growth expectations, along with a small adjustment to profit margin and future P/E inputs. Analyst Commentary Recent Street research around Apollo branded entities has focused on recalibrating price targets rather than making sweeping calls.
TOLINS
₹104.42
Tolins Tyres
7D
-6.0%
1Y
-17.5%
542013
₹175.45
Dolfin Rubbers
7D
3.2%
1Y
-15.2%
509243
₹3,702.45
TVS Srichakra
7D
-5.9%
1Y
34.6%
MRF
₹138,780.00
MRF
7D
-1.6%
1Y
29.5%

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
ITTL
₹80.05
Innovative Tyres & Tubes
7D
6.0%
1Y
152.9%
500890
₹109.10
Modi Rubber
7D
-7.0%
1Y
8.6%
ETML
₹98.80
Emerald Tyre Manufacturers
7D
2.9%
1Y
-21.9%

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