Last Updated on Sep 5, 2023 by Harshit Singh
List of Tyre Stocks in India
| Stock name | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Return (%) | 5Y Avg Return on Investment (%) | 5Y Historical Revenue Growth (%) | Net Income (Q) |
| MRF Ltd | 46,090.85 | 1,08,595.15 | 59.94 | 27.36 | 8.84 | 8.76 | 588.75 |
| Balkrishna Industries Ltd | 46,017.22 | 2,382.15 | 43.52 | 12.51 | 14.59 | 16.14 | 331.88 |
| Apollo Tyres Limited | 24,981.70 | 395.60 | 22.62 | 58.24 | 5.85 | 10.49 | 396.92 |
| CEAT Ltd | 9,665.75 | 2,376.20 | 51.92 | 74.66 | 8.16 | 12.35 | 144.61 |
| JK Tyre & Industries Ltd | 6,591.60 | 266.35 | 25.11 | 90.32 | 8.78 | 11.77 | 153.87 |
| Goodyear India Ltd | 3,205.55 | 1,389.15 | 26.09 | 34.19 | 14.73 | 11.59 | 39.26 |
| Kesoram Industries Ltd | 2,698.11 | 85.25 | -13.89 | 67.16 | – | -0.93 | -32.44 |
| TVS Srichakra Ltd | 2,139.49 | 2,777.45 | 27.43 | 24.76 | 10.82 | 6.67 | 20.95 |
| Tinna Rubber and Infrastructure Ltd | 669.34 | 782.05 | 30.70 | 32.83 | 10.98 | 24.37 | 7.06 |
| GRP Ltd | 487.30 | 3,638.90 | 34.98 | 107.76 | 5.37 | 8.91 | 1.97 |
| PTL Enterprises Ltd | 442.80 | 33.55 | 19.03 | 12.02 | 8.27 | -0.83 | 2.57 |
| ELGI Rubber Co Ltd | 257.51 | 52.65 | 38.09 | 67.41 | 2.32 | 2.23 | 5.06 |
| Modi Rubber Ltd | 185.17 | 73.65 | 6.69 | 33.42 | 2.23 | -2.59 | 3.61 |
| Tirupati Tyres Ltd | 86.24 | 34.58 | 391.98 | 103.41 | -14.94 | -41.95 | 0.06 |
| Birla Tyres Ltd | 73.43 | 5.40 | -0.11 | 0.00 | – | – | -4.9 |
| Viaz Tyres Ltd | 62.48 | 51.00 | 30.93 | – | – | – | |
| Gayatri Rubbers and Chemicals Ltd | 36.67 | 63.90 | 40.29 | – | – | – | 0.37 |
| Krypton Industries Ltd | 35.35 | 23.54 | 35.00 | 2.79 | 6.20 | 2.11 | 0.33 |
| Lead Reclaim & Rubber Products Ltd | 34.62 | 48.75 | 41.21 | – | – | – | – |
| Eastern Treads Ltd | 20.95 | 41.00 | -2.90 | 24.43 | 0.19 | -8.73 | -1.24 |
| Innovative Tyres & Tubes Ltd | 5.94 | 3.45 | -0.11 | 11.29 | -24.52 | -57.82 | – |
Note: The data is from 23rd August 2023. To get the list of tyre stocks in India, apply the below-mentioned filter on the Tickertape Stock Screener.
Sector > Consumer Discretionary > Tires and Rubber
Overview – Indian Tyre Industry
In 2022, the Indian tyre market foresees a transaction of 179.16 million units, expected to reach 263.26 million units by 2028 at a CAGR of 6.68%. Factors such as – increased automobile production, growing vehicle exports, government initiatives like Atmanirbhar Bharat Abhiyan, offering Rs. 51,000 cr. to boost automotive manufacturing, are fuelling tyre companies in India into becoming the world’s third-largest automotive market by 2026.
The growth of Indian tyre companies is duly reflected in their stock prices, as many tyre stocks registered double-digit growth. In addition, the positive quarter report fuelled the interest of investors as tyre stocks have traded heavily on the bourse in the last few months, while many tyre companies have been attracted by FIIs as well. This positive indication can seem tempting, but before investing in any stock, it is important to do your due diligence. With Tickertape Stock Screener, you can screen a stock on over 200 filters, making your analysis easier and quicker.
Further, the Scorecard on every asset page helps you dive deeper into the stock and analyse the stock based on quantitative factors such as profitability, performance, entry and exit points, valuation, and growth and provides a sneak peek into the potential red flags in the stock. Explore today!
As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.
- Best Gold Stocks in India for 2024 - Jun 4, 2024
- PE Ratio of Nifty 50 Stocks (2024) - May 23, 2024
- Nifty 50 Stocks With 1-Month High Return - May 23, 2024
