Indian (NIFTY) Tires and Rubber Industry Analysis
UpdatedMay 26, 2022
DataAggregated Company Financials
Companies14
- 7D0.3%
- 3M18.0%
- 1Y-5.2%
- YTD-4.9%
The Tires and Rubber is pretty flat in the last 7 days, but Balkrishna Industries has stood out, gaining 5.6%. Unfortunately though, the industry is down 5.2% over the past 12 months. As for the next few years, earnings are expected to grow by 22% 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 |
|---|---|---|---|---|
| Sat, 28 May 2022 | ₹978.8b | ₹755.3b | ₹32.0b | 29.1x |
| Mon, 25 Apr 2022 | ₹951.6b | ₹728.0b | ₹38.7b | 23.5x |
| Wed, 23 Mar 2022 | ₹909.7b | ₹727.9b | ₹38.7b | 20.1x |
| Fri, 18 Feb 2022 | ₹915.5b | ₹727.9b | ₹38.7b | 20.8x |
| Sun, 16 Jan 2022 | ₹1.1t | ₹707.7b | ₹48.2b | 15.5x |
| Tue, 14 Dec 2021 | ₹1.0t | ₹707.7b | ₹48.2b | 14.7x |
| Thu, 11 Nov 2021 | ₹1.1t | ₹700.3b | ₹47.9b | 14.7x |
| Sat, 09 Oct 2021 | ₹1.2t | ₹673.7b | ₹47.7b | 19.7x |
| Mon, 06 Sep 2021 | ₹1.1t | ₹673.7b | ₹47.7b | 20.1x |
| Wed, 04 Aug 2021 | ₹1.1t | ₹673.7b | ₹49.3b | 17.6x |
| Sat, 08 May 2021 | ₹948.8b | ₹601.6b | ₹39.3b | 18.6x |
| Tue, 09 Feb 2021 | ₹922.7b | ₹550.4b | ₹35.5b | 22x |
| Mon, 02 Nov 2020 | ₹711.6b | ₹523.1b | ₹29.9b | 19.5x |
| Thu, 06 Aug 2020 | ₹663.2b | ₹508.4b | ₹25.5b | 29.4x |
| Sun, 10 May 2020 | ₹566.0b | ₹574.2b | ₹35.8b | 13.5x |
| Sat, 01 Feb 2020 | ₹697.6b | ₹598.7b | ₹30.8b | 19.1x |
| Tue, 05 Nov 2019 | ₹660.9b | ₹608.8b | ₹31.2b | 18.2x |
| Fri, 09 Aug 2019 | ₹539.4b | ₹618.5b | ₹30.6b | 15x |
Median PE Ratio
19.5x
Current Industry PE
- Investors are optimistic on the industry, and appear confident in long-term growth rates.
- The industry is trading at a PE ratio of 29.1x which is higher than its 3-year average PE of 19.2x.
Past Earnings Growth
- The earnings for companies in the Tires and Rubber industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.2% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Tires and Rubber compare with similar industries?
| IN Market | -3.09% | |
| Consumer Discretionary | -1.95% | |
| Auto Components | -2.23% | |
| Tires and Rubber | 0.29% | |
| Auto Parts and Equipment | -2.84% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of 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 | ₹2.23k | 5.6% +₹22.8b | 1.9% | PS30.1x | |
| 500290 MRF | ₹74.68k | 0.8% +₹2.6b | -10.4% | PS47.3x | |
| 500168 Goodyear India | ₹946.40 | 5.5% +₹1.1b | -1.7% | PS17x | |
| 542013 Dolfin Rubbers | ₹83.00 | 2.5% +₹20.1m | 135.5% | PS33.4x | |
| 523550 Krypton Industries | ₹26.70 | 1.3% +₹5.1m | 138.6% | PS0.9x |