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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies16
  • 7D0.2%
  • 3M2.0%
  • 1Y0.8%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has remained flat, although notably Balkrishna Industries gained 3.7%. Furthermore, the industry has been flat for the past year as well. Looking forward, 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, 19 Dec 2025₹1.8t₹1.0t₹52.4b33.6x34x1.7x
Sun, 16 Nov 2025₹1.8t₹1.0t₹52.4b34.3x34.7x1.8x
Tue, 14 Oct 2025₹1.7t₹1.0t₹51.5b35.3x33.7x1.7x
Thu, 11 Sep 2025₹1.7t₹1.0t₹51.5b34.2x32.9x1.7x
Sat, 09 Aug 2025₹1.6t₹1.0t₹52.7b32.3x31.1x1.6x
Mon, 07 Jul 2025₹1.7t₹1.0t₹58.1b30.7x29.9x1.7x
Wed, 04 Jun 2025₹1.7t₹1.0t₹58.1b29.9x29x1.7x
Fri, 02 May 2025₹1.7t₹984.5b₹60.5b30.8x27.8x1.7x
Sun, 30 Mar 2025₹1.5t₹980.3b₹60.6b29.1x24.8x1.5x
Tue, 25 Feb 2025₹1.5t₹980.3b₹60.6b29.5x24.7x1.5x
Thu, 23 Jan 2025₹1.6t₹965.0b₹64.8b32.3x24.2x1.6x
Sat, 21 Dec 2024₹1.7t₹961.6b₹65.6b32.4x26.5x1.8x
Mon, 18 Nov 2024₹1.6t₹959.8b₹65.5b32.5x25.1x1.7x
Wed, 16 Oct 2024₹1.8t₹948.8b₹70.9b32.7x25.3x1.9x
Fri, 13 Sep 2024₹1.8t₹946.1b₹70.6b34.7x25.9x1.9x
Sun, 11 Aug 2024₹1.8t₹946.5b₹70.7b31.5x25.4x1.9x
Tue, 09 Jul 2024₹1.8t₹929.4b₹69.7b31.1x25.9x1.9x
Thu, 06 Jun 2024₹1.7t₹932.7b₹69.6b27.1x24.8x1.8x
Sat, 04 May 2024₹1.6t₹919.0b₹67.7b28.4x24x1.8x
Mon, 01 Apr 2024₹1.6t₹917.6b₹68.0b28x23.6x1.7x
Wed, 28 Feb 2024₹1.7t₹917.6b₹68.0b31.1x25.4x1.9x
Fri, 26 Jan 2024₹1.7t₹909.4b₹59.4b34.1x29.1x1.9x
Sun, 24 Dec 2023₹1.5t₹908.5b₹57.4b32.1x26.8x1.7x
Tue, 21 Nov 2023₹1.5t₹908.5b₹57.4b29.4x25.7x1.6x
Thu, 19 Oct 2023₹1.5t₹904.6b₹48.3b27.1x30.1x1.6x
Sat, 16 Sep 2023₹1.4t₹903.0b₹46.3b27.8x30.6x1.6x
Mon, 14 Aug 2023₹1.4t₹902.7b₹46.3b30.4x29.9x1.5x
Wed, 12 Jul 2023₹1.4t₹901.1b₹36.4b32.3x38.1x1.5x
Fri, 09 Jun 2023₹1.3t₹900.8b₹36.4b32.4x35.5x1.4x
Sun, 07 May 2023₹1.3t₹886.8b₹33.4b37.2x37.5x1.4x
Tue, 04 Apr 2023₹1.1t₹878.8b₹30.6b32.5x35.7x1.2x
Thu, 02 Mar 2023₹1.1t₹878.8b₹30.6b33.6x36.4x1.3x
Sat, 28 Jan 2023₹1.1t₹856.0b₹31.7b29.3x36x1.3x
Mon, 26 Dec 2022₹1.1t₹852.8b₹31.1b27.1x36x1.3x
Price to Earnings Ratio

36x


Total Market Cap: ₹1.1tTotal Earnings: ₹31.1bTotal Revenue: ₹852.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.6x202320242025
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 34.2x which is higher than its 3-year average PE of 29.6x.
  • 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 Market0.40%
Consumer Discretionary0.49%
Auto Components0.23%
Tires and Rubber0.24%
Auto Parts and Equipment0.23%
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₹2.37k2.3%
+₹10.1b		-16.1%PE33.2x
530007 JK Tyre & Industries₹458.951.5%
+₹1.8b		16.1%PE23.5x
542013 Dolfin Rubbers₹180.001.0%
+₹18.1m		-13.8%PE39.1x
500890 Modi Rubber₹104.400.4%
+₹10.0m		-15.9%PE15.6x
539040 Tirupati Innovar₹8.512.4%
+₹4.9m		-37.5%PE6.8x

Latest News

509152
₹1,682.90
GRP
7D
-8.9%
1Y
-48.1%
502355
₹2,366.50
Balkrishna Industries
7D
2.3%
1Y
-16.1%

502355: Future Revenue Slowdown Will Likely Outweigh Modest Margin Improvement

Analysts have trimmed their price target on Balkrishna Industries slightly from ₹2,000 to ₹1,960, as they factor in a moderation in revenue growth assumptions partly offset by marginally stronger profit margins and a higher expected future P E multiple. What's in the News Board meeting scheduled for October 31, 2025, at 16:00 IST to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider declaration of a second interim dividend on equity shares for FY 2025-26, indicating potential near term shareholder payout (company filing) Meeting agenda also includes consideration of other corporate matters, leaving scope for additional governance or strategic decisions (company filing) Valuation Changes Fair Value: Trimmed slightly from ₹2,000 to ₹1,960, implying a modest reduction in the intrinsic value estimate.
539040
₹8.51
Tirupati Innovar
7D
2.4%
1Y
-37.5%
APOLLOTYRE
₹495.95
Apollo Tyres
7D
-3.5%
1Y
-6.4%

We Like These Underlying Return On Capital Trends At Apollo Tyres (NSE:APOLLOTYRE)

Dec 12
We Like These Underlying Return On Capital Trends At Apollo Tyres (NSE:APOLLOTYRE)
500878
₹3,742.55
CEAT
7D
-0.8%
1Y
19.7%

500878: Upcoming Governance Meetings Will Shape A Steady Outlook

Analysts have modestly revised their price target for CEAT to ₹4,216.72, reflecting a slightly lower discount rate and future P/E multiple, while keeping long term growth and margin expectations broadly unchanged. What's in the News Board meeting scheduled for December 5, 2025 to discuss company matters and governance items (Key Developments) Special or extraordinary shareholders meeting to be conducted via postal ballot in India on December 18, 2025 (Key Developments) Board meeting on October 17, 2025 at 11:30 IST to approve unaudited financial results for the quarter and period ended September 30, 2025, review the limited review report, consider director appointments, and address other business (Key Developments) Valuation Changes Fair Value: Unchanged at approximately ₹4,216.72 per share, indicating stable long term intrinsic value expectations.
MRF
₹152,260.00
MRF
7D
-0.8%
1Y
17.3%

MRF (NSE:MRF) Has A Pretty Healthy Balance Sheet

Dec 09
MRF (NSE:MRF) Has A Pretty Healthy Balance Sheet
530007
₹458.95
JK Tyre & Industries
7D
1.5%
1Y
16.1%

530007: Stable Margins And Lower Discount Rate Will Support Future Performance

Analysts have marginally adjusted their price target for JK Tyre and Industries to ₹461.83, reflecting slightly lower discount rate assumptions and a modestly reduced future P E multiple, while keeping long term growth and margin expectations broadly unchanged. 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) Management to consider additional business matters alongside quarterly and half yearly financial review in the upcoming board meeting (Key Developments) Valuation Changes Consensus Analyst Price Target remains stable at approximately ₹461.83 per share, indicating no change in the fair value estimate.
509243
₹4,108.25
TVS Srichakra
7D
-5.2%
1Y
13.0%
TOLINS
₹131.09
Tolins Tyres
7D
-2.8%
1Y
-38.2%
531346
₹31.85
Eastern Treads
7D
0.3%
1Y
-16.7%
500890
₹104.40
Modi Rubber
7D
0.4%
1Y
-15.9%
542013
₹180.00
Dolfin Rubbers
7D
1.0%
1Y
-13.8%
500168
₹838.70
Goodyear India
7D
-1.4%
1Y
-18.4%
ITTL
₹100.00
Innovative Tyres & Tubes
7D
-5.8%
1Y
n/a