Rubber Stocks and Companies in India

The largest Rubber stocks in India by market value are Apcotex Industries (₹2,529 crore), Pix Transmission (₹2,365 crore) and Tinna Rubber & Infrastructure (₹1,497 crore), at prices of 4 Nov 2026.

• Apcotex Industries: ₹487.75 | market value ₹2,529 crore | P/E 14.5
• Pix Transmission: ₹1,735.20 | market value ₹2,365 crore | P/E 17.9
• Tinna Rubber & Infrastructure: ₹830.55 | market value ₹1,497 crore | P/E 22.3
• GRP: ₹1,973.60 | market value ₹1,053 crore | P/E 93.4

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

All 4 listed Indian Rubber Processing/Rubber Products companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Rubber Processing/Rubber Products index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Apcotex Industries Ltd₹2,470 cr
2. Pix Transmission Ltd₹2,230 cr
3. Tinna Rubber & Infrastructure Ltd₹1,440 cr
4. GRP Ltd₹1,030 cr

4 Rubber companies in the Rubber Processing/Rubber Products industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 4 are listed below, largest first. The largest is Apcotex Industries (₹2,472 crore) and the smallest with a market value is GRP.

Download all 4 Rubber companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 11% behind NIFTY 500. Earnings across its companies grew 19% on average over the last four reported quarters.

0 of 4 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 4 companies in the industry index above their 200-day average (3 fewer than four weeks earlier); 0 of those 4 pass the momentum test (2 fewer than four weeks earlier); earnings rising at 3 of the 4 that report earnings.

Participation is shrinking, 2 → 0 of 4 over four weeks, after being ahead of NIFTY 500. Price-only fade, 3 of 4 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Rubber Processing/Rubber Products has done better than the NIFTY 500 by 15.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 9.7%. Apcotex Industries Ltd is the strongest against the sector itself at +1.4%.

Rubber Processing/Rubber Products has done better than the NIFTY 500 by 15.7% over 52 weeks, but is 9.7% behind over the last 13 weeks. 0 of 4 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 2 of 4 are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Apcotex Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.

Apcotex Industries Ltd has the strongest one-year price move in Rubber Processing/Rubber Products at +34.3%. Pix Transmission Ltd leads on relative strength against the NIFTY, at +8.2%. 3 of 4 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Rubber Processing/Rubber Products itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

The whole curve shows repeated rises and reversals, not a newly discovered industry. Price rose in 2016-2018, fell into March 2020, rose sharply through 2022, and made another large run in 2023-2024 before correcting. In the week of 5 October 2026, 100% of 4 Rubber Processing/Rubber Products companies were beating the Nifty 500, against 50% on 25 May 2026.

From our industry review of 10 October 2026.

Tinna and GRP report benefits from better products, greater production efficiency and recycling demand. Apcotex's exceptional margin came from pricing and supply conditions despite lower volumes, so the companies do not support one lasting industry-wide margin story. New products offer further growth, but delayed projects and customer approvals still matter.

From our industry review of 10 October 2026.

3 of 4 Rubber Processing/Rubber Products companies held a results call for July to September 2026. GRP guided: Mid-teen operating margin for entire platform and Solapur location as scale and RCB arrive.

From the results calls for July to September 2026.

Big funds, foreign and Indian, cut their stake by 0.3 points over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹305 crore in the last 12 months, 29% more than a year before.
• Projects still being built grew 19% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 4 Rubber Processing/Rubber Products companies, in percentage points.

Ownership and spending as of 10 October 2026.

The next things that show whether the Rubber Processing/Rubber Products story is on course. First: Apcotex's next margin result against its 15.0-16.0% average framework, with inventory benefits separated.

• Tinna's tire-derived-oil stabilization in October to December 2026 and recovered-carbon commercial sales in January to March 2027.
• GRP's planned October 2026 recovered-carbon commissioning, followed by tire-customer approvals and meaningful January to March 2027 contribution.
• Apcotex's Q3 call confirmation of its NBR expansion date.

What would change the story

A sector quarterly profit print below the same quarter a year earlier, after removing inventory and prior-period benefits, would break the claim that earnings support this second breakout.

From our industry review of 10 October 2026.

Apcotex Industries Ltd has the highest Revenue among the 4 Rubber Processing/Rubber Products companies compared here, at ₹1,754 crore. Pix Transmission Ltd is next at ₹610 crore. The same company also has the highest Revenue growth, at 23.8%. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Apcotex Industries Ltd is the largest at ₹1,754 crore, 187.5% ahead of Pix Transmission Ltd. Apcotex Industries Ltd's growth is 23.8% from a ₹1,754 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Apcotex Industries Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Apcotex Industries Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Pix Transmission Ltd has the highest OPM among the 4 Rubber Processing/Rubber Products companies compared here, at 31%. Tinna Rubber & Infrastructure Ltd is next at 19%. The same company also has the highest Margin change, at +8 percentage points. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Pix Transmission Ltd leads both opm at 31% and margin change at +8 percentage points.

What this means: Pix Transmission Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Apcotex Industries Ltd has the highest Net profit among the 4 Rubber Processing/Rubber Products companies compared here, at ₹171 crore. Pix Transmission Ltd is next at ₹132 crore. The same company also has the highest Profit growth, at the 100% top of the scoring scale. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Apcotex Industries Ltd earns the most, ₹171 crore of profit over the last 12 months, 29.5% above Pix Transmission Ltd. Apcotex Industries Ltd shows at least 100% on the scoring scale (134.3% in full) growth from a profit base of ₹171 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Apcotex Industries Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Tinna Rubber & Infrastructure Ltd has the highest ROCE among the 4 Rubber Processing/Rubber Products companies compared here, at 22.5%. Pix Transmission Ltd is next at 21.7%. Apcotex Industries Ltd has the highest ROCE change at +13.5 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Tinna Rubber & Infrastructure Ltd leads ROCE at 22.5%, 0.8 percentage points above Pix Transmission Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Tinna Rubber & Infrastructure Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Apcotex Industries Ltd has the lowest PEG among the 4 Rubber Processing/Rubber Products companies compared here, at 0.35×. Pix Transmission Ltd is next at 0.48×. The same company also has the lowest P/E, at 14.2×. 4 of 4 companies report a comparable reading, the latest through Sep 2026. Its PEG series carries 7 reported observations across the 20-quarter window.

What the numbers say: Apcotex Industries Ltd has the lowest comparable PEG at 0.35×, 27.1% below Pix Transmission Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Rubber Processing/Rubber Products companies show up on 2 of our India lists. The most are on the undervalued stocks list (1 company).

This Rubber Processing/Rubber Products comparison names 4 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

This comparison is built from the reported filings of 4 Rubber Processing/Rubber Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

These 23 answers restate the Rubber Processing/Rubber Products comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.