Best Tyre Stocks in India
The Indian tyre industry, fueled by automotive growth, innovation, and evolving consumer needs, is a hub for cutting-edge tyre technologies. Here's the list of best tyre stocks in India.
Best Tyre Stocks in India
Tyre Stocks
List of Tyre Stocks listed in NSE.
last updated at 9:45 PM IST
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Showing 1 - 20 of 22 results
last updated at 9:45 PM IST
| NameStocks (22)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MRF LtdMRF | Tires & RubberTires & Rubber | 48,718.2048,718.20 | 1,13,236.951,13,236.95 | 23.4123.41 | 9.309.30 | -15.12-15.12 | -16.34-16.34 | 2.922.92 | 13.2513.25 | 16.4516.45 | |
| 2. | Balkrishna Industries LtdBALKRISIND | Tires & RubberTires & Rubber | 47,978.4347,978.43 | 2,388.052,388.05 | 32.6132.61 | -2.28-2.28 | -16.49-16.49 | 1.931.93 | 5.425.42 | 17.9317.93 | 20.5020.50 | |
| 3. | Apollo Tyres LtdAPOLLOTYRE | Tires & RubberTires & Rubber | 26,880.6526,880.65 | 407.95407.95 | 15.6115.61 | 10.3110.31 | -20.25-20.25 | -11.29-11.29 | 1.931.93 | 13.0013.00 | 15.4715.47 | |
| 4. | CEAT LtdCEATLTD | Tires & RubberTires & Rubber | 11,638.9111,638.91 | 2,867.352,867.35 | 18.1118.11 | 19.7219.72 | -6.14-6.14 | 7.007.00 | 2.872.87 | 17.1217.12 | 19.8919.89 | |
| 5. | JK Tyre & Industries LtdJKTYRE | Tires & RubberTires & Rubber | 8,020.578,020.57 | 278.45278.45 | 10.2010.20 | 16.7816.78 | -31.26-31.26 | -34.26-34.26 | 1.741.74 | 19.4119.41 | 19.9119.91 | |
| 6. | TVS Srichakra LtdTVSSRICHAK | Tires & RubberTires & Rubber | 2,075.212,075.21 | 2,672.352,672.35 | 19.2219.22 | 5.335.33 | -35.14-35.14 | -32.80-32.80 | 1.871.87 | 10.0610.06 | 11.7611.76 | |
| 7. | Goodyear India LtdGOODYEAR | Tires & RubberTires & Rubber | 1,942.551,942.55 | 830.45830.45 | 20.4820.48 | 1.791.79 | -27.28-27.28 | -28.71-28.71 | 3.343.34 | 15.9815.98 | 21.5021.50 | |
| 8. | Tinna Rubber and Infrastructure LtdTINNARUBR | Tires & RubberTires & Rubber | 1,759.461,759.46 | 1,006.251,006.25 | 43.6743.67 | 15.4115.41 | -30.86-30.86 | 31.0631.06 | 13.7713.77 | 36.0136.01 | 33.0733.07 | |
| 9. | GRP LtdGRPLTD | Tires & RubberTires & Rubber | 1,648.371,648.37 | 2,983.252,983.25 | 72.8172.81 | 32.0832.08 | -7.76-7.76 | 78.9578.95 | 9.899.89 | 14.4114.41 | 18.2918.29 | |
| 10. | PTL Enterprises LtdPTL | Tires & RubberTires & Rubber | 516.67516.67 | 38.6538.65 | 21.9321.93 | 8.428.42 | -11.31-11.31 | -9.70-9.70 | 0.610.61 | 3.053.05 | 5.485.48 | |
| 11. | Tolins Tyres LtdTOLINS | Tires & RubberTires & Rubber | 491.49491.49 | 121.38121.38 | 18.9018.90 | 6.606.60 | -33.74-33.74 | -49.30-49.30 | 4.894.89 | -- | 41.1841.18 | |
| 12. | ELGI Rubber Co LtdELGIRUBCO | Tires & RubberTires & Rubber | 316.37316.37 | 61.9461.94 | 27.1327.13 | 0.000.00 | -36.71-36.71 | 12.6212.62 | 1.671.67 | 6.246.24 | 13.3713.37 | |
| 13. | Gayatri Rubbers and Chemicals LtdGRCL | Tires & RubberTires & Rubber | 263.95263.95 | 470.00470.00 | 169.20169.20 | 4.444.44 | 10.5910.59 | 70.5470.54 | 23.4223.42 | 14.8714.87 | 20.6320.63 | |
| 14. | Modi Rubber LtdMODIRUBBER | Tires & RubberTires & Rubber | 260.42260.42 | 102.14102.14 | 16.7716.77 | 0.000.00 | -20.94-20.94 | 13.9313.93 | 0.400.40 | 2.402.40 | 4.234.23 | |
| 15. | Emerald Tyre Manufacturers LtdETML | Tires & RubberTires & Rubber | 208.98208.98 | 105.15105.15 | 17.8617.86 | -10.62-10.62 | -44.51-44.51 | -44.51-44.51 | 3.863.86 | 26.4126.41 | 31.2931.29 | |
| 16. | Kesoram Industries LtdKESORAMIND | Tires & RubberTires & Rubber | 133.59133.59 | 4.204.20 | -0.35-0.35 | -56.87-56.87 | -61.28-61.28 | -52.19-52.19 | 0.990.99 | -118.89-118.89 | 9.249.24 | |
| 17. | Viaz Tyres LtdVIAZ | Tires & RubberTires & Rubber | 74.9874.98 | 61.2061.20 | 31.6431.64 | -0.89-0.89 | -10.13-10.13 | 13.3313.33 | 2.242.24 | 7.347.34 | 11.7111.71 | |
| 18. | Innovative Tyres & Tubes LtdITTL | Tires & RubberTires & Rubber | 70.2670.26 | 39.8039.80 | 2.042.04 | 30.6030.60 | 104.10104.10 | 472.66472.66 | -305.47-305.47 | -- | 187.45187.45 | |
| 19. | Krypton Industries LtdKRYPTONQ | Tires & RubberTires & Rubber | 69.0869.08 | 46.0646.06 | 58.5458.54 | 12.8512.85 | -24.21-24.21 | 20.1020.10 | 2.162.16 | 3.763.76 | 8.618.61 | |
| 20. | Lead Reclaim and Rubber Products LtdLRRPL | Tires & RubberTires & Rubber | 39.5039.50 | 53.8053.80 | 106.75106.75 | -3.58-3.58 | -47.72-47.72 | 51.3451.34 | 3.533.53 | 12.1812.18 | 10.1610.16 |
Overview of the Top Tyre Stocks in India
Balkrishna Industries Ltd
Balkrishna Industries specialises in off-highway tires, catering to agricultural, industrial, and construction machinery. It is a global leader in the production of high-performance tires, with a strong presence in international markets, emphasising innovation and sustainable practices.
MRF Ltd
MRF Ltd is India’s largest tire manufacturer, known for producing a wide range of tires for passenger cars, commercial vehicles, and motorcycles. It also diversifies into sports equipment and industrial conveyor belts, maintaining its reputation for quality and performance.
Apollo Tyres Ltd
Apollo Tyres is a leading tire manufacturer in India, offering products for passenger vehicles, trucks, and off-highway applications. The company has a global footprint, with manufacturing facilities in India and Europe, and focuses on innovation, durability, and fuel efficiency.
CEAT Ltd
CEAT Ltd produces tires for two-wheelers, passenger cars, commercial vehicles, and specialty vehicles. With a legacy of durability and performance, CEAT is recognised for its eco-friendly and cost-effective tire solutions, serving both domestic and international markets.
JK Tyre & Industries Ltd
JK Tyre is a pioneer in India’s radial tire technology, manufacturing a comprehensive range of tires for cars, trucks, and off-road vehicles. The company focuses on innovation and sustainability, with a strong tyre export business presence and robust research and development initiatives.
Advantages of Investing in Tyre Stocks in India
Exposure to Automotive Growth
Tyre demand is directly linked to vehicle production and sales. As India's automotive industry expands, tyre manufacturers benefit from increased original equipment demand and tyre sector investments.
Steady Replacement Market
Beyond new vehicle sales, there's a consistent demand for replacement tyres, providing tyre companies with a stable revenue stream.
Diversified Product Portfolio
Many tyre companies cater to various segments—passenger vehicles, commercial trucks, two-wheelers, and off-road vehicles—spreading risk across different markets.
Resilience to Economic Cycles
The essential nature of tyres ensures consistent demand, making tyre stocks relatively resilient during economic downturns.
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Factors to Consider Before Investing in Tyre Stocks
Automotive Industry Trends
The demand for tyres is closely linked to vehicle production and sales. Growth in the automotive sector directly drives tyre demand, while a slowdown can reduce original equipment demand, thereby affecting the tyre industry stocks.
Market Competition
The tyre industry is competitive, with several major players vying for market share. Companies with premium tyre brands, extensive distribution networks, and efficient manufacturing processes are better positioned to capture growth.
Financial Health of Companies
Assess key financial metrics like revenue growth, operating margins, and debt levels. Companies with stable revenues, healthy profit margins, and low debt are generally more resilient.
Government Policies and Regulations
Policies related to automotive safety standards, import-export duties, and environmental regulations affect the sector. Supportive policies like infrastructure development and vehicle ownership incentives boost tyre demand.
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Frequently Asked Questions on Tyre Stocks
1. Which are the top tyre companies in India?
Here are the best tyre shares or auto component stocks based on market capitalisation:- MRF Ltd
- Balkrishna Industries Ltd
- Apollo Tyres Ltd
- CEAT Ltd
- JK Tyre & Industries Ltd
2. How do raw material prices affect tyre companies?
Fluctuations in prices of raw materials like natural rubber and crude oil derivatives can significantly impact production costs and profit margins for rubber industry stocks.3. What is the future outlook for the Indian tyre industry?
The market is projected to grow steadily, reaching 256.24 mn units by 2029, driven by rising vehicle production and demand for radial and eco-friendly tyres.4. How do government policies impact the tyre recycling industry?
Initiatives like infrastructure development and incentives for electric vehicles boost tyre demand in India, while regulations on safety and imports affect operations.5. What role does technology play in the tyre sector?
The adoption of technologies like AI and the development of smart, puncture-proof, and noise-reducing tyres enhance product offerings and operational efficiency.
