Earnings Miss: Apollo Tyres Limited Missed EPS By 20% And Analysts Are Revising Their Forecasts
Nov 16
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Indian (NIFTY) Tires and Rubber Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies15
- 7D1.6%
- 3M-6.8%
- 1Y12.3%
- YTDn/a
In the last week, the Tires and Rubber industry is up 1.6%, with Apollo Tyres leading the way, up 3.2%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₹1.7t | ₹959.8b | ₹65.5b | 32.8x | 25.5x | 1.7x |
| Sat, 19 Oct 2024 | ₹1.8t | ₹951.3b | ₹70.0b | 32.6x | 25.3x | 1.9x |
| Mon, 16 Sep 2024 | ₹1.9t | ₹948.4b | ₹70.8b | 34.3x | 26.2x | 2x |
| Wed, 14 Aug 2024 | ₹1.7t | ₹946.5b | ₹70.7b | 31.4x | 24.5x | 1.8x |
| Fri, 12 Jul 2024 | ₹1.8t | ₹929.4b | ₹69.7b | 31x | 26.1x | 2x |
| Sun, 09 Jun 2024 | ₹1.8t | ₹933.1b | ₹69.7b | 27.7x | 25.2x | 1.9x |
| Tue, 07 May 2024 | ₹1.6t | ₹924.0b | ₹68.3b | 28x | 23.6x | 1.7x |
| Thu, 04 Apr 2024 | ₹1.6t | ₹917.6b | ₹68.0b | 28.6x | 23.8x | 1.8x |
| Sat, 02 Mar 2024 | ₹1.7t | ₹917.6b | ₹68.0b | 30.9x | 25.3x | 1.9x |
| Mon, 29 Jan 2024 | ₹1.7t | ₹911.9b | ₹60.9b | 34.1x | 28.4x | 1.9x |
| Wed, 27 Dec 2023 | ₹1.5t | ₹908.5b | ₹57.4b | 32.2x | 26.9x | 1.7x |
| Fri, 24 Nov 2023 | ₹1.5t | ₹908.5b | ₹57.4b | 29.4x | 25.8x | 1.6x |
| Sun, 22 Oct 2023 | ₹1.4t | ₹904.6b | ₹48.3b | 26.2x | 29.9x | 1.6x |
| Tue, 19 Sep 2023 | ₹1.4t | ₹903.0b | ₹46.3b | 27.3x | 30.4x | 1.6x |
| Thu, 17 Aug 2023 | ₹1.4t | ₹902.9b | ₹46.3b | 29.5x | 30x | 1.5x |
| Sat, 15 Jul 2023 | ₹1.4t | ₹896.5b | ₹36.4b | 32.4x | 38.3x | 1.6x |
| Mon, 12 Jun 2023 | ₹1.3t | ₹900.7b | ₹36.4b | 33.2x | 35.8x | 1.4x |
| Wed, 10 May 2023 | ₹1.3t | ₹886.8b | ₹33.4b | 36.6x | 37.6x | 1.4x |
| Fri, 07 Apr 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 32.4x | 35.8x | 1.2x |
| Sun, 05 Mar 2023 | ₹1.1t | ₹878.8b | ₹30.6b | 33.9x | 36.5x | 1.3x |
| Tue, 31 Jan 2023 | ₹1.2t | ₹856.0b | ₹31.7b | 30x | 36.5x | 1.4x |
| Thu, 29 Dec 2022 | ₹1.2t | ₹852.8b | ₹31.1b | 28.3x | 37x | 1.3x |
| Sat, 26 Nov 2022 | ₹1.1t | ₹852.8b | ₹31.1b | 25.8x | 36.4x | 1.3x |
| Mon, 24 Oct 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 33.5x | 34x | 1.3x |
| Wed, 21 Sep 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 34.1x | 34.3x | 1.3x |
| Fri, 19 Aug 2022 | ₹1.1t | ₹814.8b | ₹31.4b | 30.4x | 35.3x | 1.4x |
| Sun, 17 Jul 2022 | ₹1.0t | ₹752.6b | ₹31.5b | 32.4x | 33x | 1.4x |
| Tue, 14 Jun 2022 | ₹927.6b | ₹756.1b | ₹31.5b | 28.7x | 29.5x | 1.2x |
| Thu, 12 May 2022 | ₹899.4b | ₹731.0b | ₹37.4b | 22.3x | 24x | 1.2x |
| Sat, 09 Apr 2022 | ₹946.1b | ₹727.9b | ₹38.7b | 22.9x | 24.5x | 1.3x |
| Mon, 07 Mar 2022 | ₹842.2b | ₹727.9b | ₹38.7b | 21.6x | 21.8x | 1.2x |
| Wed, 02 Feb 2022 | ₹1.0t | ₹709.7b | ₹46.6b | 16.8x | 22x | 1.4x |
| Fri, 31 Dec 2021 | ₹1.0t | ₹707.7b | ₹48.2b | 14.7x | 20.9x | 1.4x |
| Sun, 28 Nov 2021 | ₹998.9b | ₹707.7b | ₹48.2b | 14.3x | 20.7x | 1.4x |
Price to Earnings Ratio
20.7x
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 25.5x which is lower than its 3-year average PE of 29.4x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Tires and Rubber industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 11% 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 | -1.80% | |
| Consumer Discretionary | -0.34% | |
| Auto Components | -0.25% | |
| Tires and Rubber | 1.63% | |
| Auto Parts and Equipment | -0.61% | |
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 | ₹2.77k | 4.0% +₹20.4b | 10.7% | PE32.8x | |
| APOLLOTYRE Apollo Tyres | ₹486.25 | 6.5% +₹18.8b | 15.5% | PE21.3x | |
| MRF MRF | ₹122.95k | 2.0% +₹10.5b | 10.6% | PE26.8x | |
| 500878 CEAT | ₹2.83k | 4.7% +₹5.1b | 34.7% | PE20.2x | |
| 530007 JK Tyre & Industries | ₹380.15 | 4.5% +₹4.5b | 12.6% | PE14.1x |
