Header cover image

Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedJun 18, 2024
DataAggregated Company Financials
Companies14
  • 7D-0.8%
  • 3M11.0%
  • 1Y31.8%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has remained flat, although notably TVS Srichakra gained 3.9%. As for the the longer term, the industry is up 31% over the past 12 months. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Indian Tires and Rubber Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 09 Feb 2023₹1.2t₹868.6b₹32.5b32.1x36.8x1.4x
Sat, 07 Jan 2023₹1.2t₹852.8b₹31.1b29.6x38.9x1.4x
Mon, 05 Dec 2022₹1.2t₹852.8b₹31.1b28.1x38.2x1.4x
Wed, 02 Nov 2022₹1.1t₹814.8b₹31.4b33x35.1x1.4x
Fri, 30 Sep 2022₹1.0t₹814.8b₹31.4b31.1x32.4x1.3x
Sun, 28 Aug 2022₹1.1t₹814.8b₹31.4b28.5x33.4x1.3x
Tue, 26 Jul 2022₹1.1t₹761.7b₹31.3b35.5x33.6x1.4x
Thu, 23 Jun 2022₹907.1b₹752.4b₹31.5b28x28.8x1.2x
Sat, 21 May 2022₹972.9b₹752.1b₹33.9b28.5x28.7x1.3x
Mon, 18 Apr 2022₹933.8b₹727.9b₹38.7b22.6x24.1x1.3x
Wed, 16 Mar 2022₹900.5b₹727.9b₹38.7b20.4x23.3x1.2x
Fri, 11 Feb 2022₹997.6b₹718.8b₹42.5b18.2x23.5x1.4x
Sun, 09 Jan 2022₹1.0t₹707.7b₹48.2b14.9x21.7x1.5x
Tue, 07 Dec 2021₹975.1b₹707.7b₹48.2b14.3x20.2x1.4x
Thu, 04 Nov 2021₹1.1t₹693.6b₹50.1b14.4x21.5x1.6x
Sat, 02 Oct 2021₹1.1t₹673.7b₹47.7b18.7x23.2x1.6x
Mon, 30 Aug 2021₹1.0t₹673.7b₹49.3b16.9x21.1x1.5x
Tue, 06 Jul 2021₹1.1t₹673.7b₹49.3b16.7x21.3x1.6x
Price to Earnings Ratio

21.3x


Total Market Cap: ₹1.1tTotal Earnings: ₹49.3bTotal Revenue: ₹673.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.1x202220232024
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 1.5x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have grown 12% 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 Market2.25%
Consumer Discretionary3.03%
Auto Components4.15%
Tires and Rubber-0.79%
Auto Parts and Equipment5.17%
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
509243 TVS Srichakra₹4.37k3.9%
+₹1.3b
53.7%PE31x
500878 CEAT₹2.54k0.6%
+₹564.3m
24.2%PE16x
500168 Goodyear India₹1.18k1.7%
+₹452.1m
-1.2%PE28.8x
509152 GRP₹10.50k0.8%
+₹115.8m
179.6%PE61.8x
500890 Modi Rubber₹98.703.4%
+₹80.1m
55.5%PE15.9x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

APOLLOTYRE

₹476.45

Apollo Tyres

7D

-2.2%

1Y

17.1%

INNOVATIVE

₹6.20

Innovative Tyres & Tubes

7D

-6.1%

1Y

181.8%

509243

₹4,368.10

TVS Srichakra

7D

3.9%

1Y

53.7%

523550

₹46.58

Krypton Industries

7D

-1.7%

1Y

141.7%

509152

₹10,500.15

GRP

7D

0.8%

1Y

179.6%

500878

₹2,540.85

CEAT

7D

0.6%

1Y

24.2%

542013

₹204.30

Dolfin Rubbers

7D

-2.1%

1Y

50.3%

531346

₹40.90

Eastern Treads

7D

5.0%

1Y

22.5%

539040

₹21.79

Tirupati Tyres

7D

-17.1%

1Y

-54.2%

500890

₹98.70

Modi Rubber

7D

3.4%

1Y

55.5%

502355

₹3,239.35

Balkrishna Industries

7D

-0.2%

1Y

38.1%

500168

₹1,182.40

Goodyear India

7D

1.7%

1Y

-1.2%

VIAZ

₹57.00

Viaz Tyres

7D

5.8%

1Y

21.3%

530007

₹398.90

JK Tyre & Industries

7D

-2.4%

1Y

108.8%

509162

₹164.70

Indag Rubber

7D

1.8%

1Y

24.9%