Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.6%
  • 3M2.6%
  • 1Y12.1%
  • YTDn/a

The Tires and Rubber industry has stayed flat over the last week. As for the the longer term, the industry is up 12% over the past 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026₹1.8t₹1.0t₹52.4b33.7x34.4x1.7x
Sun, 14 Dec 2025₹1.8t₹1.0t₹52.4b33.7x34x1.7x
Tue, 11 Nov 2025₹1.8t₹1.0t₹52.2b35.3x34.9x1.8x
Thu, 09 Oct 2025₹1.7t₹1.0t₹51.5b34.8x33.8x1.7x
Sat, 06 Sep 2025₹1.7t₹1.0t₹51.5b33.2x32.8x1.7x
Mon, 04 Aug 2025₹1.7t₹1.0t₹55.6b31.7x30.5x1.7x
Wed, 02 Jul 2025₹1.7t₹1.0t₹58.1b30.1x29.1x1.7x
Fri, 30 May 2025₹1.7t₹1.0t₹58.1b30.5x29.5x1.7x
Sun, 27 Apr 2025₹1.6t₹980.2b₹60.6b30x26.6x1.6x
Tue, 25 Mar 2025₹1.5t₹980.3b₹60.6b29.4x25.3x1.6x
Thu, 20 Feb 2025₹1.5t₹980.3b₹60.6b29x24.7x1.5x
Sat, 18 Jan 2025₹1.6t₹965.0b₹64.8b32.3x24.7x1.7x
Mon, 16 Dec 2024₹1.8t₹961.6b₹65.6b33x27.5x1.9x
Wed, 13 Nov 2024₹1.6t₹956.7b₹67.6b32.4x24.3x1.7x
Fri, 11 Oct 2024₹1.8t₹948.8b₹70.9b32.5x25.4x1.9x
Sun, 08 Sep 2024₹1.8t₹946.1b₹70.6b34.4x25.3x1.9x
Tue, 06 Aug 2024₹1.8t₹931.5b₹70.4b29.8x25.9x2x
Thu, 04 Jul 2024₹1.8t₹932.9b₹69.7b31.1x26x1.9x
Sat, 01 Jun 2024₹1.7t₹932.9b₹69.6b27.8x24.4x1.8x
Mon, 29 Apr 2024₹1.6t₹917.6b₹68.0b28.6x23.7x1.8x
Wed, 27 Mar 2024₹1.6t₹917.6b₹68.0b28.4x23.4x1.7x
Fri, 23 Feb 2024₹1.7t₹917.6b₹68.0b31.4x25.6x1.9x
Sun, 21 Jan 2024₹1.7t₹908.5b₹57.4b33.9x30x1.9x
Tue, 19 Dec 2023₹1.6t₹908.5b₹57.4b32x27.1x1.7x
Thu, 16 Nov 2023₹1.5t₹908.3b₹57.4b29.4x26.1x1.6x
Sat, 14 Oct 2023₹1.4t₹903.0b₹46.3b27.7x31.2x1.6x
Mon, 11 Sep 2023₹1.4t₹903.0b₹46.3b27.9x30.1x1.5x
Wed, 09 Aug 2023₹1.4t₹900.0b₹43.9b31x32.5x1.6x
Fri, 07 Jul 2023₹1.4t₹900.8b₹36.4b32.2x38.3x1.5x
Sun, 04 Jun 2023₹1.3t₹900.7b₹36.4b33.3x35.4x1.4x
Tue, 02 May 2023₹1.2t₹878.8b₹30.6b34.2x38.1x1.3x
Thu, 30 Mar 2023₹1.1t₹878.8b₹30.6b29.4x35.2x1.2x
Sat, 25 Feb 2023₹1.1t₹878.5b₹30.6b33.5x36.6x1.3x
Mon, 23 Jan 2023₹1.2t₹852.8b₹31.1b30.6x37.8x1.4x
Price to Earnings Ratio

37.8x


Total Market Cap: ₹1.2tTotal Earnings: ₹31.1bTotal Revenue: ₹852.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.5x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Tires and Rubber industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.4x which is higher than its 3-year average PE of 29.5x.
  • 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 19% per year over the last three years.
  • Revenues for these companies have grown 6.6% 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-2.46%
Consumer Discretionary-2.99%
Auto Components-4.22%
Tires and Rubber-0.57%
Auto Parts and Equipment-4.87%
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
502355 Balkrishna Industries₹2.43k2.1%
+₹9.7b		-11.0%PE34x
APOLLOTYRE Apollo Tyres₹527.951.5%
+₹5.1b		15.9%PE42.3x
500890 Modi Rubber₹124.752.6%
+₹78.9m		9.0%PE18.6x
509152 GRP₹1.81k0.7%
+₹62.4m		-42.1%PE35x
VIAZ Viaz Tyres₹66.151.8%
+₹14.1m		-2.7%PE20x

Latest News

500878
₹3,826.35
CEAT
7D
-0.5%
1Y
25.3%

500878: Overseas Expansion And Funding Plans Will Likely Struggle To Justify Richer Expectations

Analysts have raised their price target for CEAT by approximately 0.4% to ₹3,532, citing slightly higher assumptions for revenue growth and profit margins, along with a marginally lower discount rate and a modestly adjusted future P/E multiple. What's in the News A board meeting is scheduled for January 19, 2026, to consider and approve unaudited financial results for the quarter and period ended December 31, 2025, along with the limited review report (Key Developments).
APOLLOTYRE
₹527.95
Apollo Tyres
7D
1.5%
1Y
15.9%

APOLLOTYRE: Future Returns Will Reflect Repriced Credit Risk And Supportive Capital Markets

Narrative Update on Apollo Tyres The latest analyst work trims the implied fair value for Apollo Tyres from ₹564.74 to ₹562.83, as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions bring price targets in line with recent peer group updates from analysts on alternative asset managers. Analyst Commentary Recent research on alternative asset managers is being used as a reference point for revisiting assumptions on Apollo Tyres, particularly around discount rates, earnings resilience and appropriate P/E ranges.
502355
₹2,425.30
Balkrishna Industries
7D
2.1%
1Y
-11.0%

502355: Future Revenue Slowdown Will Likely Outweigh Stable Profit Assumptions

Analysts kept their fair value estimate for Balkrishna Industries steady at ₹1,960, citing only modest tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E that were not material enough to shift the overall price target. What's in the News Balkrishna Industries has scheduled a Special and Extraordinary Shareholders Meeting on January 22, 2026, to be conducted via postal ballot in India (company filing).
530007
₹506.10
JK Tyre & Industries
7D
-0.2%
1Y
40.1%

530007: Upcoming Board Meeting Will Shape Future Earnings And Capital Plans

Analysts have lifted their fair value estimate for JK Tyre & Industries from ₹460.00 to ₹625.00, citing updated assumptions regarding revenue growth, profit margins, the future P/E multiple, and a slightly adjusted discount rate. What's in the News Board meeting scheduled for October 27, 2025, to review standalone and consolidated unaudited financial results for the second quarter and half year ended September 30, 2025 (Key Developments).
509152
₹1,805.90
GRP
7D
0.7%
1Y
-42.1%

509152: Solar Power Investment Will Drive Long Term Earnings Upside

Analysts have modestly raised their price target on GRP to approximately $2,131 per share, reflecting slightly lower perceived risk and stable long term growth and profitability assumptions. What's in the News The company issued earnings guidance for the second half of 2026, projecting revenue in the range of INR 250 million to INR 300 million (company guidance).
MRF
₹145,665.00
MRF
7D
-2.1%
1Y
27.3%

Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement

Dec 27
Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement
500890
₹124.75
Modi Rubber
7D
2.6%
1Y
9.0%
523550
₹39.78
Krypton Industries
7D
1.6%
1Y
-47.5%
VIAZ
₹66.15
Viaz Tyres
7D
1.8%
1Y
-2.7%
509243
₹4,022.40
TVS Srichakra
7D
-4.1%
1Y
28.1%
TOLINS
₹128.74
Tolins Tyres
7D
-2.0%
1Y
-30.4%
ETML
₹100.35
Emerald Tyre Manufacturers
7D
-2.1%
1Y
-28.5%

Emerald Tyre Manufacturers' (NSE:ETML) Profits Appear To Have Quality Issues

Nov 19
Emerald Tyre Manufacturers' (NSE:ETML) Profits Appear To Have Quality Issues
542013
₹179.80
Dolfin Rubbers
7D
0.7%
1Y
-21.1%
509162
₹118.45
Indag Rubber
7D
-3.1%
1Y
-27.2%
500168
₹823.60
Goodyear India
7D
-1.7%
1Y
-14.8%