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

Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies16
  • 7D-1.6%
  • 3M4.9%
  • 1Y-1.3%
  • YTDn/a

In the last week, the Tires and Rubber industry is down 2.3% with Apollo Tyres down the most at 2.2%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Dec 2025₹1.8t₹1.0t₹52.4b33.7x34x1.7x
Mon, 10 Nov 2025₹1.8t₹1.0t₹52.2b34.7x34.9x1.8x
Wed, 08 Oct 2025₹1.7t₹1.0t₹51.5b34.4x33.5x1.7x
Fri, 05 Sep 2025₹1.7t₹1.0t₹51.5b33.3x33x1.7x
Sun, 03 Aug 2025₹1.7t₹1.0t₹55.6b31.7x30.5x1.7x
Tue, 01 Jul 2025₹1.7t₹1.0t₹58.1b30.1x29.1x1.7x
Thu, 29 May 2025₹1.7t₹999.8b₹58.1b32.2x29.8x1.7x
Sat, 26 Apr 2025₹1.6t₹980.2b₹60.6b30x26.6x1.6x
Mon, 24 Mar 2025₹1.5t₹980.3b₹60.6b29.4x25x1.5x
Wed, 19 Feb 2025₹1.5t₹980.3b₹60.6b29x24.7x1.5x
Fri, 17 Jan 2025₹1.6t₹964.9b₹64.8b32.6x24.8x1.7x
Sun, 15 Dec 2024₹1.8t₹961.6b₹65.6b33x27.5x1.9x
Tue, 12 Nov 2024₹1.7t₹956.7b₹67.6b33x24.8x1.7x
Thu, 10 Oct 2024₹1.8t₹948.8b₹70.9b32.2x25.4x1.9x
Sat, 07 Sep 2024₹1.8t₹946.1b₹70.6b34.4x25.3x1.9x
Mon, 05 Aug 2024₹1.9t₹931.5b₹70.4b30.4x26.7x2x
Wed, 03 Jul 2024₹1.8t₹932.9b₹69.7b30.9x26x1.9x
Fri, 31 May 2024₹1.7t₹932.9b₹69.6b27.2x24.5x1.8x
Sun, 28 Apr 2024₹1.6t₹917.6b₹68.0b28.6x23.7x1.8x
Tue, 26 Mar 2024₹1.6t₹917.6b₹68.0b28.5x23.3x1.7x
Thu, 22 Feb 2024₹1.7t₹917.6b₹68.0b31.4x25.5x1.9x
Sat, 20 Jan 2024₹1.7t₹908.5b₹57.4b33.9x30x1.9x
Mon, 18 Dec 2023₹1.6t₹908.5b₹57.4b31.2x27.1x1.7x
Wed, 15 Nov 2023₹1.5t₹908.3b₹57.4b28.5x25.6x1.6x
Fri, 13 Oct 2023₹1.4t₹903.0b₹46.3b27.6x31.2x1.6x
Sun, 10 Sep 2023₹1.4t₹903.0b₹46.3b27.9x30.1x1.5x
Tue, 08 Aug 2023₹1.4t₹900.0b₹43.9b30.7x32.5x1.6x
Thu, 06 Jul 2023₹1.4t₹900.7b₹36.4b31.8x37.2x1.5x
Sat, 03 Jun 2023₹1.3t₹900.7b₹36.4b33.3x35.4x1.4x
Mon, 01 May 2023₹1.2t₹878.8b₹30.6b34.2x38.1x1.3x
Wed, 29 Mar 2023₹1.1t₹878.8b₹30.6b29x35x1.2x
Fri, 24 Feb 2023₹1.1t₹878.5b₹30.6b33.9x36.8x1.3x
Sun, 22 Jan 2023₹1.2t₹852.8b₹31.1b30.6x37.8x1.4x
Tue, 20 Dec 2022₹1.2t₹852.8b₹31.1b28.5x37.9x1.4x
Price to Earnings Ratio

37.9x


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 29.6x202320242025
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 34.0x 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 Market-0.34%
Consumer Discretionary-0.22%
Auto Components-0.50%
Tires and Rubber-1.61%
Auto Parts and Equipment-0.30%
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
509152 GRP₹1.78k4.4%
+₹402.7m		-46.5%PE34.6x
ETML Emerald Tyre Manufacturers₹104.551.9%
+₹37.0m		-47.4%PE17.5x
542013 Dolfin Rubbers₹178.050.6%
+₹10.5m		-20.7%PE38.7x
523550 Krypton Industries₹38.451.4%
+₹7.8m		-53.9%PE83.4x

Latest News

APOLLOTYRE
₹510.00
Apollo Tyres
7D
-2.2%
1Y
-6.9%

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
₹3,732.10
CEAT
7D
-4.4%
1Y
17.2%

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
₹152,550.00
MRF
7D
-0.4%
1Y
14.5%

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

Dec 09
MRF (NSE:MRF) Has A Pretty Healthy Balance Sheet
530007
₹455.30
JK Tyre & Industries
7D
-2.0%
1Y
11.4%

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.
509152
₹1,783.90
GRP
7D
4.4%
1Y
-46.5%

509152: Solar Power Investment Will Drive Future Upside Potential

Analysts have modestly raised their price target on GRP, citing a slightly lower discount rate and marginally improved long term valuation assumptions that together support a higher fair value in the low $2,100s. What's in the News GRP Limited issued earnings guidance for the second half of 2026, targeting revenue in the range of INR 250 million to INR 300 million (company guidance).
502355
₹2,348.05
Balkrishna Industries
7D
-1.5%
1Y
-17.8%

502355: Board Meeting Will Address Interim Dividend Amid Stable Future Outlook

Analysts have slightly lowered their price target for Balkrishna Industries from ₹2,335.50 to ₹2,324.94, citing minor adjustments to growth projections and discount rates in their updated models. What's in the News Balkrishna Industries has scheduled a Board Meeting on October 31, 2025, at 16:00 IST to review the unaudited financial results for the quarter and half year ending September 30, 2025.
509243
₹4,272.70
TVS Srichakra
7D
-6.8%
1Y
13.1%
TOLINS
₹134.21
Tolins Tyres
7D
-2.4%
1Y
-38.5%
ETML
₹104.55
Emerald Tyre Manufacturers
7D
1.9%
1Y
-47.4%

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

Nov 19
Emerald Tyre Manufacturers' (NSE:ETML) Profits Appear To Have Quality Issues
523550
₹38.45
Krypton Industries
7D
1.4%
1Y
-53.9%
542013
₹178.05
Dolfin Rubbers
7D
0.6%
1Y
-20.7%
500168
₹853.15
Goodyear India
7D
-1.1%
1Y
-17.1%