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

Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.7%
  • 3M-12.0%
  • 1Y10.2%
  • YTDn/a

Over the last 7 days, the Tires and Rubber industry has dropped 3.7%, driven by a pullback from Balkrishna Industries of 3.2%. In the past year, the industry has gained 10%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026₹1.6t₹1.1t₹59.2b26.6x26.8x1.5x
Thu, 12 Feb 2026₹1.9t₹1.1t₹59.0b32.3x32.3x1.8x
Sat, 10 Jan 2026₹1.8t₹1.0t₹52.4b33.4x33.7x1.7x
Mon, 08 Dec 2025₹1.8t₹1.0t₹52.4b33.3x34.5x1.8x
Wed, 05 Nov 2025₹1.8t₹1.0t₹52.2b34.7x35x1.8x
Fri, 03 Oct 2025₹1.7t₹1.0t₹51.5b33.9x33x1.7x
Sun, 31 Aug 2025₹1.6t₹1.0t₹51.5b31.8x31.5x1.6x
Tue, 29 Jul 2025₹1.7t₹1.0t₹55.6b32.3x31.3x1.7x
Thu, 26 Jun 2025₹1.7t₹1.0t₹58.1b29.6x28.7x1.7x
Sat, 24 May 2025₹1.8t₹998.6b₹59.3b32.5x29.9x1.8x
Mon, 21 Apr 2025₹1.6t₹980.3b₹60.6b30x26.3x1.6x
Wed, 19 Mar 2025₹1.5t₹980.3b₹60.6b29.1x24.2x1.5x
Fri, 14 Feb 2025₹1.5t₹979.9b₹60.7b29.7x24.8x1.5x
Sun, 12 Jan 2025₹1.6t₹961.6b₹65.6b33.2x24.8x1.7x
Tue, 10 Dec 2024₹1.8t₹959.9b₹65.5b33.9x27.6x1.9x
Thu, 07 Nov 2024₹1.7t₹950.3b₹68.7b34.1x24.6x1.8x
Sat, 05 Oct 2024₹1.8t₹948.4b₹70.8b33.7x25x1.9x
Mon, 02 Sep 2024₹1.7t₹946.1b₹70.6b33.6x24.7x1.8x
Wed, 31 Jul 2024₹1.9t₹932.0b₹69.8b30.7x27.3x2x
Fri, 28 Jun 2024₹1.8t₹932.9b₹69.7b30.6x25.4x1.9x
Sun, 26 May 2024₹1.7t₹933.5b₹70.0b28.6x24.8x1.9x
Tue, 23 Apr 2024₹1.6t₹917.6b₹68.0b28.5x23.3x1.7x
Thu, 21 Mar 2024₹1.6t₹917.6b₹68.0b28.2x23.1x1.7x
Sat, 17 Feb 2024₹1.7t₹917.5b₹68.0b30.6x25.7x1.9x
Mon, 15 Jan 2024₹1.7t₹908.5b₹57.4b33.4x29x1.8x
Wed, 13 Dec 2023₹1.6t₹908.5b₹57.4b30.6x27.1x1.7x
Fri, 10 Nov 2023₹1.5t₹909.3b₹57.4b25.9x25.7x1.6x
Sun, 08 Oct 2023₹1.4t₹903.0b₹46.3b26.6x30.7x1.6x
Tue, 05 Sep 2023₹1.4t₹903.0b₹46.3b27.6x30.1x1.5x
Thu, 03 Aug 2023₹1.4t₹897.7b₹37.8b31.4x37.4x1.6x
Sat, 01 Jul 2023₹1.4t₹900.7b₹36.4b31.7x37.2x1.5x
Mon, 29 May 2023₹1.3t₹900.9b₹37.4b33.4x35.8x1.5x
Wed, 26 Apr 2023₹1.1t₹878.8b₹30.6b33.5x36.8x1.3x
Fri, 24 Mar 2023₹1.1t₹878.8b₹30.6b31.3x35.6x1.2x
Price to Earnings Ratio

35.6x


Total Market Cap: ₹1.1tTotal Earnings: ₹30.6bTotal Revenue: ₹878.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 29.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Tires and Rubber industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 29.2x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have grown 25% 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 Market-4.42%
Consumer Discretionary-6.92%
Auto Components-7.01%
Tires and Rubber-3.72%
Auto Parts and Equipment-7.56%
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₹3.41k0.2%
+₹228.5m		24.8%PE24.9x
ITTL Innovative Tyres & Tubes₹86.556.0%
+₹49.0m		158.4%PS1.3x
VIAZ Viaz Tyres₹63.804.6%
+₹34.3m		1.3%PE19.3x
500890 Modi Rubber₹112.550.8%
+₹22.5m		15.1%PE16.8x
531346 Eastern Treads₹32.008.8%
+₹13.6m		-1.1%PS0.3x

Latest News

509152
₹1,700.00
GRP
7D
-2.6%
1Y
-37.2%

509152: Upcoming Board Review Will Support Long Term Earnings Upside

Analysts have kept their price target for GRP essentially unchanged at around ₹2,249, reflecting only very minor tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E, rather than a shift in their overall view. What's in the News GRP has scheduled a board meeting for Feb 10, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
500878
₹3,414.80
CEAT
7D
0.2%
1Y
24.8%

500878: Renewable Power Investments Will Support A More Positive Outlook

Analysts have nudged their price target on CEAT higher from about ₹4,217 to around ₹4,314. This reflects updated views that slightly adjust discount rate, revenue growth, profit margin expectations, and future P/E assumptions.
ITTL
₹86.55
Innovative Tyres & Tubes
7D
6.0%
1Y
158.4%
APOLLOTYRE
₹421.95
Apollo Tyres
7D
-3.6%
1Y
2.9%

APOLLOTYRE: Future Returns Will Reflect Andhra Pradesh Expansion And Cash Deployment Discipline

Analysts have kept our fair value estimate for Apollo Tyres steady at ₹562.71 per share, with only marginal tweaks to the discount rate and long term assumptions. This reflects broadly unchanged views on revenue growth, profit margins and future P/E despite recent recalibration of price targets across the wider alternatives and credit space.
502355
₹2,149.90
Balkrishna Industries
7D
-4.1%
1Y
-15.7%

502355: Debt Funding And Leadership Moves Will Support Confident Undervalued Outlook

Analysts have nudged their fair value estimate for Balkrishna Industries to ₹3,018.14, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Balkrishna Industries plans to receive 75,000 unsecured redeemable non convertible debentures at ₹1,00,000 each, for total gross proceeds of ₹7.5b on March 2, 2026, indicating upcoming debt funding activity (Key Developments).
530007
₹421.25
JK Tyre & Industries
7D
-5.9%
1Y
55.0%

530007: Upcoming Results Will Confirm Earnings Momentum And Support Upside Potential

Analysts have kept their price target for JK Tyre & Industries steady at ₹650, pointing to largely unchanged fair value estimates supported by only marginal tweaks to the discount rate, revenue growth, profit margin assumptions and future P/E expectations. What's in the News Board meeting scheduled for February 6, 2026, to review and approve standalone unaudited financial results for the third quarter and nine months ended December 31, 2025 (company filing).
TOLINS
₹98.75
Tolins Tyres
7D
-4.1%
1Y
-15.2%
542013
₹173.25
Dolfin Rubbers
7D
0.8%
1Y
-14.5%
531346
₹32.00
Eastern Treads
7D
8.8%
1Y
-1.1%
509243
₹3,581.35
TVS Srichakra
7D
-1.9%
1Y
40.3%
MRF
₹132,750.00
MRF
7D
-3.3%
1Y
23.1%

Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report

Feb 10
Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report
500890
₹112.55
Modi Rubber
7D
0.8%
1Y
15.1%
500168
₹743.85
Goodyear India
7D
-4.9%
1Y
-9.1%
VIAZ
₹63.80
Viaz Tyres
7D
4.6%
1Y
1.3%