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Indian (NIFTY) Tires and Rubber Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies16
  • 7D5.8%
  • 3M-1.1%
  • 1Y-6.8%
  • YTDn/a

In the last week, the Tires and Rubber industry is up 5.8%, with MRF up 4.7%. In the past year, the industry is down 6.8%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026₹1.6t₹1.1t₹67.2b22.5x23.2x1.4x
Thu, 14 May 2026₹1.5t₹1.1t₹61.9b24.6x24.3x1.4x
Sat, 11 Apr 2026₹1.6t₹1.1t₹59.2b28.3x27.7x1.5x
Mon, 09 Mar 2026₹1.6t₹1.1t₹59.2b27.5x27.8x1.5x
Wed, 04 Feb 2026₹1.8t₹1.0t₹52.3b33.6x34.1x1.7x
Fri, 02 Jan 2026₹1.8t₹1.0t₹52.4b33.6x34x1.7x
Sun, 30 Nov 2025₹1.8t₹1.0t₹52.4b33.6x34x1.7x
Tue, 28 Oct 2025₹1.8t₹1.0t₹52.1b35.2x34.7x1.8x
Thu, 25 Sep 2025₹1.8t₹1.0t₹51.5b34.5x34.1x1.7x
Sat, 23 Aug 2025₹1.7t₹1.0t₹51.5b33.3x32.6x1.7x
Mon, 21 Jul 2025₹1.8t₹1.0t₹57.6b32.8x31x1.8x
Wed, 18 Jun 2025₹1.7t₹1.0t₹58.1b29.7x28.5x1.7x
Fri, 16 May 2025₹1.8t₹998.1b₹60.0b32.8x29.2x1.8x
Sun, 13 Apr 2025₹1.5t₹980.3b₹60.6b29.4x24.5x1.5x
Tue, 11 Mar 2025₹1.5t₹980.3b₹60.6b28.8x24x1.5x
Thu, 06 Feb 2025₹1.6t₹968.2b₹64.5b30.5x24.6x1.6x
Sat, 04 Jan 2025₹1.7t₹961.6b₹65.6b33.7x26.4x1.8x
Mon, 02 Dec 2024₹1.7t₹959.9b₹65.5b33x26.1x1.8x
Wed, 30 Oct 2024₹1.7t₹952.9b₹70.0b30.4x24.3x1.8x
Fri, 27 Sep 2024₹1.9t₹948.4b₹70.8b33.2x26.4x2x
Sun, 25 Aug 2024₹1.8t₹946.1b₹70.6b33.7x25.3x1.9x
Tue, 23 Jul 2024₹1.8t₹932.0b₹69.8b29.8x26x1.9x
Thu, 20 Jun 2024₹1.8t₹932.9b₹69.7b29.3x25.3x1.9x
Sat, 18 May 2024₹1.7t₹930.8b₹67.1b27.8x24.7x1.8x
Mon, 15 Apr 2024₹1.6t₹917.6b₹68.0b29.9x23.9x1.8x
Wed, 13 Mar 2024₹1.7t₹917.6b₹68.0b29.6x24.7x1.8x
Fri, 09 Feb 2024₹1.7t₹913.1b₹64.6b33.7x26.7x1.9x
Sun, 07 Jan 2024₹1.6t₹908.5b₹57.4b33.3x28.5x1.8x
Tue, 05 Dec 2023₹1.5t₹908.5b₹57.4b29.7x26.3x1.7x
Thu, 02 Nov 2023₹1.4t₹899.7b₹48.0b26.6x29.8x1.6x
Sat, 30 Sep 2023₹1.4t₹903.0b₹46.3b27x30.4x1.6x
Mon, 28 Aug 2023₹1.4t₹902.9b₹46.3b28.5x30.1x1.5x
Wed, 26 Jul 2023₹1.4t₹896.5b₹36.4b32.4x38.3x1.6x
Fri, 23 Jun 2023₹1.4t₹900.7b₹36.4b32.4x37.6x1.5x
Price to Earnings Ratio

37.6x


Total Market Cap: ₹1.4tTotal Earnings: ₹36.4bTotal Revenue: ₹900.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Tires and Rubber Industry Price to Earnings3Y Average 28.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Tires and Rubber industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.2x which is lower than its 3-year average PE of 28.3x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Tires and Rubber industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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 Market2.77%
Consumer Discretionary4.02%
Auto Components5.09%
Tires and Rubber5.77%
Auto Parts and Equipment4.99%
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
MRF MRF₹128.47k4.7%
+₹24.3b		-5.8%PE22.5x
502355 Balkrishna Industries₹2.23k4.8%
+₹19.6b		-8.7%PE34.7x
APOLLOTYRE Apollo Tyres₹416.456.4%
+₹15.9b		-6.5%PE19.3x
500878 CEAT₹3.42k9.1%
+₹11.5b		-4.7%PE19.8x
530007 JK Tyre & Industries₹387.204.3%
+₹4.6b		6.8%PE14.4x

Latest News

502355
₹2,232.55
Balkrishna Industries
7D
4.8%
1Y
-8.7%
530007
₹387.20
JK Tyre & Industries
7D
4.3%
1Y
6.8%
Narrative Update • Jun 05

530007: Future Board Decisions And Renewable Investment Will Support Higher Fair Value

Analysts have raised their fair value estimate for JK Tyre & Industries from ₹400 to ₹465, citing revised assumptions on the discount rate, revenue growth, profit margin, and future P/E that they believe more accurately reflect the stock's risk and earnings profile. What's in the News A board meeting is scheduled for May 26, 2026, at 14:15 IST to consider and approve the audited standalone and consolidated financial results for Q4 and the full year ended March 31, 2026.
TOLINS
₹106.96
Tolins Tyres
7D
7.7%
1Y
-32.4%
Analysis Article • Jun 05

Earnings Troubles May Signal Larger Issues for Tolins Tyres (NSE:TOLINS) Shareholders

The market wasn't impressed with the soft earnings from Tolins Tyres Limited ( NSE:TOLINS ) recently. We did some...
500878
₹3,421.75
CEAT
7D
9.1%
1Y
-4.7%
Narrative Update • Jun 04

500878: Dividend Prospects Will Support A Higher Fair Value Estimate

Analysts have raised CEAT's fair value estimate from ₹4,198 to ₹4,400, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E multiples. What's in the News CEAT's board meeting on April 28, 2026 is scheduled to consider and approve the audited financial results for the period ended March 31, 2026, and to consider a dividend recommendation on equity shares, according to the board meeting agenda.
509152
₹1,664.20
GRP
7D
-4.3%
1Y
-40.1%
Narrative Update • Jun 04

509152: Dividend Decision At Upcoming Results Will Drive Long Term Upside Potential

The analyst price target for GRP has been reset from ₹2,249 to ₹2,101 as analysts factor in updated assumptions around higher revenue growth, a wider profit margin, a lower future P/E multiple, and a slightly higher discount rate. What's in the News A board meeting was held on 15 May 2026 to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026, and to recommend a dividend for the financial year 2026-27.
ITTL
₹75.45
Innovative Tyres & Tubes
7D
-1.9%
1Y
0.3%
500168
₹747.60
Goodyear India
7D
2.0%
1Y
-20.4%
APOLLOTYRE
₹416.45
Apollo Tyres
7D
6.4%
1Y
-6.5%
Narrative Update • Jun 02

APOLLOTYRE: Andhra Pradesh Capacity Buildout Will Support Future Earnings Power Visibility

The analyst fair value estimate for Apollo Tyres has been revised from about ₹534 to about ₹476, as analysts adjust their P/E assumptions and margins while still factoring in ongoing revenue growth expectations supported by recent sector research on alternative asset managers. Analyst Commentary Analysts are using recent research on global alternative asset managers as a reference point when thinking about Apollo Tyres, especially around what multiples to apply and how much earnings power to ascribe to future cycles.
509243
₹4,017.15
TVS Srichakra
7D
0.7%
1Y
29.1%
500890
₹124.95
Modi Rubber
7D
-2.5%
1Y
5.7%
ETML
₹79.15
Emerald Tyre Manufacturers
7D
-3.7%
1Y
-35.7%
VIAZ
₹61.50
Viaz Tyres
7D
-3.1%
1Y
8.2%
MRF
₹128,470.00
MRF
7D
4.7%
1Y
-5.8%