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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies16
  • 7D-1.0%
  • 3M-5.0%
  • 1Y10.4%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 1.5%, driven by MRF declining 5.2%. This takes the industry's 12 month performance to a gain of 12%. 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
Thu, 29 Jan 2026₹1.7t₹1.0t₹52.9b31.4x32.6x1.7x
Sat, 27 Dec 2025₹1.8t₹1.0t₹52.4b32.4x33.8x1.7x
Mon, 24 Nov 2025₹1.8t₹1.0t₹52.4b33.7x34.1x1.7x
Wed, 22 Oct 2025₹1.8t₹1.0t₹52.1b36.5x35.2x1.8x
Fri, 19 Sep 2025₹1.7t₹1.0t₹51.5b34.2x33.9x1.7x
Sun, 17 Aug 2025₹1.6t₹1.0t₹51.5b32.3x31.3x1.6x
Tue, 15 Jul 2025₹1.8t₹1.0t₹58.1b32.2x30.5x1.8x
Thu, 12 Jun 2025₹1.7t₹1.0t₹58.1b30.1x29.2x1.7x
Sat, 10 May 2025₹1.7t₹995.8b₹61.6b31.7x28x1.7x
Mon, 07 Apr 2025₹1.5t₹980.3b₹60.6b28.4x24.2x1.5x
Wed, 05 Mar 2025₹1.4t₹980.3b₹60.6b29.4x23.1x1.4x
Fri, 31 Jan 2025₹1.6t₹968.1b₹66.2b30.5x23.7x1.6x
Sun, 29 Dec 2024₹1.8t₹961.6b₹65.6b33.1x27.2x1.9x
Tue, 26 Nov 2024₹1.7t₹959.9b₹65.5b32.6x25.7x1.8x
Thu, 24 Oct 2024₹1.7t₹951.3b₹70.0b30.7x24.6x1.8x
Sat, 21 Sep 2024₹1.8t₹948.4b₹70.8b33.2x25.8x1.9x
Mon, 19 Aug 2024₹1.7t₹946.2b₹70.6b33.4x24.7x1.8x
Wed, 17 Jul 2024₹1.8t₹929.4b₹69.7b31.2x26.4x2x
Fri, 14 Jun 2024₹1.8t₹933.1b₹69.7b28.4x25.1x1.9x
Sun, 12 May 2024₹1.6t₹923.8b₹68.3b27.4x23.4x1.7x
Tue, 09 Apr 2024₹1.6t₹917.6b₹68.0b29.2x24x1.8x
Thu, 07 Mar 2024₹1.7t₹917.6b₹68.0b30.6x25.4x1.9x
Sat, 03 Feb 2024₹1.7t₹911.9b₹60.9b33.9x28.6x1.9x
Mon, 01 Jan 2024₹1.6t₹908.5b₹57.4b33.2x28.2x1.8x
Wed, 29 Nov 2023₹1.5t₹908.5b₹57.4b29.7x26.1x1.7x
Fri, 27 Oct 2023₹1.4t₹900.5b₹47.9b25.1x29.6x1.6x
Sun, 24 Sep 2023₹1.4t₹903.0b₹46.3b27.1x30.5x1.6x
Tue, 22 Aug 2023₹1.4t₹902.9b₹46.3b28.5x30.1x1.5x
Thu, 20 Jul 2023₹1.4t₹896.5b₹36.4b32.2x38.4x1.6x
Sat, 17 Jun 2023₹1.3t₹900.7b₹36.4b32.7x36.7x1.5x
Mon, 15 May 2023₹1.3t₹897.6b₹36.6b36.5x34.4x1.4x
Wed, 12 Apr 2023₹1.1t₹878.8b₹30.6b33.4x36.1x1.3x
Fri, 10 Mar 2023₹1.1t₹878.8b₹30.6b33.5x35.9x1.2x
Sun, 05 Feb 2023₹1.2t₹856.0b₹31.7b31.6x38.1x1.4x
Price to Earnings Ratio

38.1x


Total Market Cap: ₹1.2tTotal Earnings: ₹31.7bTotal Revenue: ₹856.0bTotal 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 32.8x 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 6.7% 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 Market1.14%
Consumer Discretionary-0.95%
Auto Components1.25%
Tires and Rubber-1.03%
Auto Parts and Equipment1.68%
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
500878 CEAT₹3.70k4.1%
+₹5.9b		26.2%PE27x
509243 TVS Srichakra₹4.12k7.1%
+₹2.1b		34.9%PE114.2x
TOLINS Tolins Tyres₹119.452.5%
+₹115.0m		-27.5%PE13x
542013 Dolfin Rubbers₹178.652.1%
+₹36.1m		-11.7%PE38.8x
531346 Eastern Treads₹31.421.7%
+₹2.8m		-15.1%PS0.3x

Latest News

MRF
₹134,935.00
MRF
7D
-3.7%
1Y
20.1%
500878
₹3,696.00
CEAT
7D
4.1%
1Y
26.2%

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

Analysts have trimmed their fair value estimate for CEAT from ₹3,532.27 to ₹3,493.54, reflecting slightly softer assumptions on profit margins and revenue growth, even as future P/E expectations edge higher. What's in the News Board meeting on Jan 14, 2026 to consider investing in Clean Max Como Private Limited and Clean Max Emerald Private Limited for developing 59 MW hybrid wind solar projects in Gujarat and Tamil Nadu (Key Developments).
APOLLOTYRE
₹501.00
Apollo Tyres
7D
-0.2%
1Y
18.2%

APOLLOTYRE: Future Returns Will Reflect Refined Earnings Assumptions And Supportive Capital Markets

Analysts have nudged their fair value estimate for Apollo Tyres slightly higher to ₹569.33 from ₹562.83, citing small refinements in projected revenue growth, profit margins and future P/E assumptions, while keeping discount rate expectations broadly unchanged. Analyst Commentary Recent Street research on related Apollo entities has focused on how valuation targets are being fine tuned rather than completely reset.
502355
₹2,409.65
Balkrishna Industries
7D
-0.4%
1Y
-11.9%

502355: Future Board Decisions Will Support Confidence In Revised Undervalued Outlook

Analysts have reduced their fair value estimate for Balkrishna Industries from ₹3,195.00 to about ₹2,975.71, citing updated assumptions that combine slightly higher expected revenue growth with lower profit margins, along with a modest adjustment to the future P/E and discount rate. What's in the News A board meeting is scheduled for October 31, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider a second interim dividend on equity shares for FY 2025-26, if any (company filing).
530007
₹506.85
JK Tyre & Industries
7D
-0.8%
1Y
60.7%

530007: Slightly Higher Margins And Lower Discount Rate Will Support Measured Outlook

Analysts have raised their price target on JK Tyre & Industries from ₹461.83 to ₹498.50, citing updated assumptions for slightly higher revenue growth, profit margins and forward P/E, as well as a small adjustment to the discount rate. Valuation Changes Fair Value: revised from ₹461.83 to ₹498.50, a modest upward move in the implied share value.
509152
₹1,646.75
GRP
7D
-2.3%
1Y
-41.6%

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).
500890
₹113.05
Modi Rubber
7D
-3.5%
1Y
4.6%
509243
₹4,117.00
TVS Srichakra
7D
7.1%
1Y
34.9%
TOLINS
₹119.45
Tolins Tyres
7D
2.5%
1Y
-27.5%
531346
₹31.42
Eastern Treads
7D
1.7%
1Y
-15.1%
542013
₹178.65
Dolfin Rubbers
7D
2.1%
1Y
-11.7%
509162
₹107.55
Indag Rubber
7D
-6.2%
1Y
-29.5%
500168
₹796.50
Goodyear India
7D
-1.8%
1Y
-15.0%