Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Tyres & Tubes Stocks in India

Tyres & Tubes: MRF Ltd owns the largest revenue base; Rajratan Global Wire Ltd has the fastest current growth.

01 · the index people search for

Nifty Tyres & Tubes Index — Constituents & Performance

The Tyres & Tubes companies below are the listed Indian Tyres & Tubes universe this page tracks — the same constituent set people search for as the Nifty Tyres & Tubes index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Tyres & Tubes moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 11% behind NIFTY 500. Earnings across its companies grew 13% on average over the last four reported quarters.

FADING · −2 in 4w✓Moving with the index3 of 8 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑1w · 3/8 >200d (+0) · 3/8 lead (−2) · EPS 7/8↑

20030040020262025202420232022 364333 TRAILING 12-MONTH EPS · 100 AT THE START0100184Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 5 reportingDec 2022 · trailing 12-month earnings per share at 95, against 100 at the start · no comparable year yet · 5 reportingMar 2023 · trailing 12-month earnings per share at 123, against 100 at the start · no comparable year yet · 5 reportingJun 2023 · trailing 12-month earnings per share at 184, against 100 at the start · up 84.3% on a year ago · 5 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 105.1% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 125, against 100 at the start · up 96.2% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 134, against 100 at the start · up 48.8% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 142, against 100 at the start · up 38.2% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 121, against 100 at the start · up 4.3% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 93, against 100 at the start · down 26.6% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 80, against 100 at the start · down 30.7% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 71, against 100 at the start · down 39.6% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 25.0% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 108, against 100 at the start · up 15.8% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 120, against 100 at the start · up 26.0% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two120 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030040020262025202420232022 364333 TRAILING 12-MONTH EPS · 100 AT THE START0100184Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 5 reportingDec 2022 · trailing 12-month earnings per share at 95, against 100 at the start · no comparable year yet · 5 reportingMar 2023 · trailing 12-month earnings per share at 123, against 100 at the start · no comparable year yet · 5 reportingJun 2023 · trailing 12-month earnings per share at 184, against 100 at the start · up 84.3% on a year ago · 5 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 105.1% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 125, against 100 at the start · up 96.2% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 134, against 100 at the start · up 48.8% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 142, against 100 at the start · up 38.2% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 121, against 100 at the start · up 4.3% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 93, against 100 at the start · down 26.6% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 80, against 100 at the start · down 30.7% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 71, against 100 at the start · down 39.6% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 25.0% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 108, against 100 at the start · up 15.8% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 120, against 100 at the start · up 26.0% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two120No earnings on file this far back — the price series reaches further than the filings do
Tyres & Tubes, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically 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 any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Tyres & Tubes outperforming NIFTY 500?

Tyres & Tubes has outperformed NIFTY 500 by 16.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 4%. 3 of 8 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Rajratan Global Wire Ltd is the strongest against the sector itself at +9.7%.

+4.0%Sector vs NIFTY 500 · 13 weeks
+16.5%Sector vs NIFTY 500 · 52 weeks
3/8Stocks leading NIFTY 500
4/8Stocks leading sector

Sector metric: 11.1 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Tyres & Tubes has outperformed NIFTY 500 by 16.5% over 52 weeks and 4% over 13 weeks. 3 of 8 covered companies beat NIFTY on Mansfield relative strength, while 4 of 8 beat the sector itself. MRF Ltd leads with revenue of ₹31,149 crore, based on 8 of 8 comparable companies through Mar 2026.

Companies
8
complete canonical membership
Combined market value
₹1.6 L Cr
MRF Ltd
Revenue growing
7/8
positive TTM year-on-year growth
Beating NIFTY 500
3/8
positive Mansfield relative strength
Comparing 5 of 8
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
JK Tyre & Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 72.1% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1JK Tyre & Industries LtdJKTYRE 64.5/100Mixed-positive evidence72% evidence ASLEEP 25.5/35 Revenue 11.1% · PAT 52.2% · OPM change 3 pp 83% evidence 14.4/25 ROCE 15.5% · OPM 13% 76% evidence 12.5/20 P/E 13× · PEG — 50% evidence 12.1/20 RS sector 8.7% · RS bench -7% · 1Y 15.9%0 of 10 weeks ahead 70% evidence
Exact sum: 25.5 + 14.4 + 12.5 + 12.1 = 64.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2CEAT LtdCEATLTD 64.3/100Mixed-positive evidence94% evidence ASLEEP 22.4/35 Revenue 21.5% · PAT 37.3% · OPM change -2.5 pp 100% evidence 15.3/25 ROCE 19.2% · OPM 8.4% 100% evidence 15.7/20 P/E 21.8× · PEG 0.37 100% evidence 10.9/20 RS sector 5.3% · RS bench -5.7% · 1Y 1.5%0 of 10 weeks ahead 70% evidence
Exact sum: 22.4 + 15.3 + 15.7 + 10.9 = 64.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3MRF LtdMRF 61.4/100Mixed-positive evidence90% evidence TURNING 18.6/35 Revenue 10.6% · PAT 29.8% · OPM change 1 pp 88% evidence 19.4/25 ROCE 15.7% · OPM 16% 100% evidence 16.4/20 P/E 22.8× · PEG 0.65 100% evidence 7.0/20 RS sector -1.7% · RS bench -7.4% · 1Y -11%0 of 10 weeks ahead 70% evidence
Exact sum: 18.6 + 19.4 + 16.4 + 7 = 61.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Rajratan Global Wire LtdRAJRATAN 57.6/100Mixed-positive evidence100% evidence BREAKING OUT 20.1/35 Revenue 27.8% · PAT 40.4% · OPM change 0 pp 100% evidence 9.1/25 ROCE 13.2% · OPM 13% 100% evidence 8.4/20 P/E 31.6× · PEG 1.62 100% evidence 20.0/20 RS sector 9.7% · RS bench 17.5% · 1Y 22.4%8 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 9.1 + 8.4 + 20 = 57.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Apollo Tyres LtdAPOLLOTYRE 47.5/100Mixed-negative evidence90% evidence TURNING 17.1/35 Revenue 9% · PAT 22.5% · OPM change 2 pp 88% evidence 15.0/25 ROCE 13.9% · OPM 15% 100% evidence 11.5/20 P/E 13.2× · PEG 2.16 100% evidence 3.9/20 RS sector -4.9% · RS bench -8% · 1Y -5.9%0 of 10 weeks ahead 70% evidence
Exact sum: 17.1 + 15 + 11.5 + 3.9 = 47.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Goodyear India LtdGOODYEAR 45.6/100Mixed-negative evidence77% evidence TURNING 18.4/35 Revenue -5.1% · PAT 11.6% · OPM change 3.9 pp 83% evidence 13.8/25 ROCE 17.4% · OPM 6.7% 95% evidence 8.2/20 P/E 25.2× · PEG — 50% evidence 5.2/20 RS sector -17.5% · RS bench -3.1% · 1Y -15.2%1 of 10 weeks ahead 70% evidence
Exact sum: 18.4 + 13.8 + 8.2 + 5.2 = 45.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7TVS Srichakra LtdTVSSRICHAK 43.4/100Mixed-negative evidence90% evidence ASLEEP 22.7/35 Revenue 11.9% · PAT 100% · OPM change 1 pp 88% evidence 6.0/25 ROCE 7.5% · OPM 9% 100% evidence 1.1/20 P/E 43.1× · PEG 5.11 100% evidence 13.6/20 RS sector 7.3% · RS bench 0.7% · 1Y 31.2%3 of 10 weeks ahead 70% evidence
Exact sum: 22.7 + 6 + 1.1 + 13.6 = 43.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Balkrishna Industries LtdBALKRISIND 41.4/100Mixed-negative evidence94% evidence TURNING 12.7/35 Revenue 9.8% · PAT -3.3% · OPM change 4 pp 100% evidence 9.9/25 ROCE 11.2% · OPM 22% 100% evidence 9.2/20 P/E 34× · PEG 0.66 100% evidence 9.6/20 RS sector -3.8% · RS bench 5.9% · 1Y -7.9%1 of 10 weeks ahead 70% evidence
Exact sum: 12.7 + 9.9 + 9.2 + 9.6 = 41.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

TVS Srichakra Ltd has the strongest one-year price move in Tyres & Tubes at +31.2%. Rajratan Global Wire Ltd leads on Mansfield relative strength against NIFTY at +17.5%. 3 of 8 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

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.

06 · compare level, then change

Revenue Scale & Growth Durability

MRF Ltd has the highest Revenue among the 8 Tyres & Tubes companies compared here, at ₹31,149 crore. Apollo Tyres Ltd is next at ₹28,471 crore. Rajratan Global Wire Ltd has the highest Revenue growth at 27.8%, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: MRF Ltd is the scale leader at ₹31,149 crore, 9.4% ahead of Apollo Tyres Ltd. Rajratan Global Wire Ltd's growth is 27.8% from a ₹1,228 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderMRF Ltd · ₹31,149 crore
Gap9.4% versus #2 · Apollo Tyres Ltd
Persistence8/8 recent comparable periods
Coverage8/8 companies · 145 observations

Investor read: MRF Ltd is the scale benchmark; Rajratan Global Wire Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: MRF Ltd's growth falls below Rajratan Global Wire Ltd's for two consecutive comparable reports while 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.
Revenuelargest
1MRF Ltd MRF₹31.1K Cr
2Apollo Tyres Ltd APOLLOTYRE₹28.5K Cr
3CEAT Ltd CEATLTD₹16.5K Cr
4JK Tyre & Industries Ltd JKTYRE₹16.3K Cr
5Balkrishna Industries Ltd BALKRISIND₹11.5K Cr
Revenue growthfastest growers
1Rajratan Global Wire Ltd RAJRATAN28%
2CEAT Ltd CEATLTD22%
3TVS Srichakra Ltd TVSSRICHAK12%
4JK Tyre & Industries Ltd JKTYRE11%
5MRF Ltd MRF11%
Revenue · company comparison
8/8 level · 8/8 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

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.

CompanyRevenueRevenue growthReported
MRF Ltd MRF₹8.0K Cr14%Mar 2026
Apollo Tyres Ltd APOLLOTYRE₹7.3K Cr14%Mar 2026
CEAT Ltd CEATLTD₹4.3K Cr22%Jun 2026
JK Tyre & Industries Ltd JKTYRE₹4.2K Cr12%Mar 2026
Balkrishna Industries Ltd BALKRISIND₹3.5K Cr25%Jun 2026
TVS Srichakra Ltd TVSSRICHAK₹981 Cr20%Mar 2026
Goodyear India Ltd GOODYEAR⚠ unverified₹616 Cr2.3%Mar 2026
Rajratan Global Wire Ltd RAJRATAN₹318 Cr29%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

₹5.1K Cr
₹5.7K Cr
₹5.2K Cr
₹5.9K Cr
₹6.0K Cr
₹6.4K Cr
₹6.2K Cr
₹6.2K Cr
₹6.3K Cr
₹6.6K Cr
₹6.3K Cr
₹6.3K Cr
₹6.4K Cr
₹6.9K Cr
₹6.4K Cr
₹6.6K Cr
₹6.8K Cr
₹7.7K Cr
₹7.3K Cr
—

Balkrishna Industries Ltd · BALKRISIND

₹2.1K Cr
₹2.0K Cr
₹2.4K Cr
₹2.6K Cr
₹2.7K Cr
₹2.2K Cr
₹2.3K Cr
₹2.2K Cr
₹2.3K Cr
₹2.3K Cr
₹2.7K Cr
₹2.7K Cr
₹2.4K Cr
₹2.6K Cr
₹2.8K Cr
₹2.8K Cr
₹2.4K Cr
₹2.7K Cr
₹2.9K Cr
₹3.5K Cr

CEAT Ltd · CEATLTD

₹2.5K Cr
₹2.4K Cr
₹2.6K Cr
₹2.8K Cr
₹2.9K Cr
₹2.7K Cr
₹2.9K Cr
₹2.9K Cr
₹3.1K Cr
₹3.0K Cr
₹3.0K Cr
₹3.2K Cr
₹3.3K Cr
₹3.3K Cr
₹3.4K Cr
₹3.5K Cr
₹3.8K Cr
₹4.2K Cr
₹4.2K Cr
₹4.3K Cr

Goodyear India Ltd · GOODYEAR⚠ unverified

—
—
—
—
—
₹689 Cr
₹653 Cr
₹720 Cr
₹690 Cr
₹591 Cr
₹551 Cr
₹691 Cr
₹682 Cr
₹632 Cr
₹603 Cr
₹656 Cr
₹596 Cr
₹607 Cr
₹616 Cr
—

JK Tyre & Industries Ltd · JKTYRE

—
—
—
—
—
₹3.6K Cr
₹3.6K Cr
₹3.7K Cr
₹3.9K Cr
₹3.7K Cr
₹3.7K Cr
₹3.6K Cr
₹3.6K Cr
₹3.7K Cr
₹3.8K Cr
₹3.9K Cr
₹4.0K Cr
₹4.2K Cr
₹4.2K Cr
—

MRF Ltd · MRF

₹4.9K Cr
₹4.9K Cr
₹5.3K Cr
₹5.7K Cr
₹5.8K Cr
₹5.6K Cr
₹5.8K Cr
₹6.4K Cr
₹6.2K Cr
₹6.2K Cr
₹6.3K Cr
₹7.2K Cr
₹6.9K Cr
₹7.0K Cr
₹7.1K Cr
₹7.7K Cr
₹7.4K Cr
₹8.1K Cr
₹8.0K Cr
—

Rajratan Global Wire Ltd · RAJRATAN

₹241 Cr
₹222 Cr
₹248 Cr
₹251 Cr
₹225 Cr
₹200 Cr
₹219 Cr
₹204 Cr
₹214 Cr
₹233 Cr
₹240 Cr
₹220 Cr
₹245 Cr
₹218 Cr
₹251 Cr
₹247 Cr
₹294 Cr
₹302 Cr
₹314 Cr
₹318 Cr

TVS Srichakra Ltd · TVSSRICHAK

₹688 Cr
₹677 Cr
₹682 Cr
₹737 Cr
₹834 Cr
₹731 Cr
₹683 Cr
₹702 Cr
₹740 Cr
₹719 Cr
₹765 Cr
₹791 Cr
₹842 Cr
₹803 Cr
₹818 Cr
₹819 Cr
₹926 Cr
₹917 Cr
₹981 Cr
—

Revenue growth · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

—
—
—
30%
17%
13%
20%
5.1%
5.4%
2.7%
0.2%
1.4%
2.5%
5.1%
2.7%
3.6%
6.1%
12%
14%
—

Balkrishna Industries Ltd · BALKRISIND

—
—
—
45%
28%
5.9%
-2.4%
-18%
-15%
5.0%
16%
26%
7.4%
13%
2.6%
1.7%
-1.1%
6.9%
6.6%
25%

CEAT Ltd · CEATLTD

—
—
—
—
18%
13%
11%
4.2%
5.5%
8.7%
4.1%
8.8%
8.2%
11%
14%
11%
14%
26%
23%
22%

Goodyear India Ltd · GOODYEAR⚠ unverified

—
—
—
—
—
—
—
—
—
-14%
-16%
-3.9%
-1.1%
6.8%
9.5%
-5.1%
-13%
-3.9%
2.3%
—

JK Tyre & Industries Ltd · JKTYRE

—
—
—
—
—
—
—
—
—
2.1%
1.8%
-2.1%
-7.1%
-0.4%
1.7%
6.3%
11%
15%
12%
—

MRF Ltd · MRF

—
—
—
36%
19%
15%
9.8%
13%
6.7%
9.2%
8.7%
12%
11%
14%
11%
6.7%
7.2%
15%
14%
—

Rajratan Global Wire Ltd · RAJRATAN

—
—
—
38%
-6.6%
-9.9%
-12%
-19%
-4.9%
17%
9.6%
7.8%
14%
-6.4%
4.6%
12%
20%
39%
25%
29%

TVS Srichakra Ltd · TVSSRICHAK

—
—
—
49%
21%
8.0%
0.2%
-4.8%
-11%
-1.6%
12%
13%
14%
12%
6.9%
3.5%
10.0%
14%
20%
—
07 · compare level, then change

Operating Economics & Margin Trend

Balkrishna Industries Ltd has the highest OPM among the 8 Tyres & Tubes companies compared here, at 22%. MRF Ltd is next at 16%. The same company also holds the highest Margin change, at +4 percentage points. 8 of 8 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Balkrishna Industries Ltd leads both opm at 22% and margin change at +4 percentage points.

LeaderBalkrishna Industries Ltd · 22%
Gap37.5% versus #2 · MRF Ltd
Persistence2/8 recent comparable periods
Coverage8/8 companies · 155 observations

Investor read: Balkrishna Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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.
OPMhighest
1Balkrishna Industries Ltd BALKRISIND22%
2MRF Ltd MRF16%
3Apollo Tyres Ltd APOLLOTYRE15%
4JK Tyre & Industries Ltd JKTYRE13%
5Rajratan Global Wire Ltd RAJRATAN13%
Margin changefastest expanders
1Balkrishna Industries Ltd BALKRISIND+4.0 pp
2Goodyear India Ltd GOODYEAR⚠ unverified+3.9 pp
3JK Tyre & Industries Ltd JKTYRE+3.0 pp
4Apollo Tyres Ltd APOLLOTYRE+2.0 pp
5MRF Ltd MRF+1.0 pp
Operating margin · company comparison
8/8 level · 8/8 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Balkrishna Industries Ltd BALKRISIND22%+4.0 ppJun 2026
MRF Ltd MRF16%+1.0 ppMar 2026
Apollo Tyres Ltd APOLLOTYRE15%+2.0 ppMar 2026
JK Tyre & Industries Ltd JKTYRE13%+3.0 ppMar 2026
Rajratan Global Wire Ltd RAJRATAN13%0.0 ppJun 2026
TVS Srichakra Ltd TVSSRICHAK9.0%+1.0 ppMar 2026
CEAT Ltd CEATLTD8.5%−2.5 ppJun 2026
Goodyear India Ltd GOODYEAR⚠ unverified6.7%+3.9 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

13%
13%
11%
12%
12%
14%
16%
17%
18%
18%
16%
14%
14%
14%
13%
13%
15%
15%
15%
—

Balkrishna Industries Ltd · BALKRISIND

26%
22%
21%
17%
16%
12%
21%
23%
24%
24%
25%
24%
24%
23%
22%
18%
21%
24%
22%
22%

CEAT Ltd · CEATLTD

9.0%
5.6%
7.2%
5.9%
7.0%
9.0%
13%
13%
15%
14%
13%
12%
11%
10%
11%
11%
13%
14%
14%
8.5%

Goodyear India Ltd · GOODYEAR⚠ unverified

8.6%
5.6%
5.6%
7.3%
6.0%
6.0%
8.7%
8.9%
8.9%
6.7%
1.0%
6.4%
4.6%
3.8%
2.9%
4.3%
4.5%
7.3%
6.7%
—

JK Tyre & Industries Ltd · JKTYRE

9.8%
8.9%
6.9%
7.8%
7.9%
9.0%
10%
12%
15%
15%
13%
14%
12%
9.0%
10%
10%
13%
14%
13%
—

MRF Ltd · MRF

11%
10%
10%
8.7%
8.3%
10%
15%
18%
19%
17%
14%
16%
15%
12%
15%
14%
15%
17%
16%
—

Rajratan Global Wire Ltd · RAJRATAN

21%
21%
19%
21%
17%
19%
15%
12%
16%
15%
14%
13%
15%
12%
13%
13%
14%
13%
9.0%
13%

TVS Srichakra Ltd · TVSSRICHAK

9.2%
6.0%
5.2%
4.2%
9.9%
8.0%
8.0%
9.0%
12%
10%
10%
7.0%
7.0%
6.0%
8.0%
6.0%
7.0%
9.0%
9.0%
—

Margin change · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

−3.9 pp
−6.8 pp
−5.0 pp
−0.8 pp
−0.6 pp
+1.0 pp
+4.8 pp
+5.4 pp
+6.1 pp
+4.0 pp
0.0 pp
−3.0 pp
−4.0 pp
−4.0 pp
−3.0 pp
−1.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
—

Balkrishna Industries Ltd · BALKRISIND

−8.3 pp
−9.5 pp
−10.2 pp
−11.4 pp
−9.9 pp
−10.3 pp
−0.2 pp
+6.1 pp
+8.0 pp
+12.0 pp
+4.0 pp
+1.0 pp
0.0 pp
−1.0 pp
−3.0 pp
−6.0 pp
−3.0 pp
+1.0 pp
0.0 pp
+4.0 pp

CEAT Ltd · CEATLTD

−5.8 pp
−9.2 pp
−4.2 pp
−2.9 pp
−2.0 pp
+3.4 pp
+5.8 pp
+7.3 pp
+7.9 pp
+5.1 pp
+0.1 pp
−1.2 pp
−4.0 pp
−3.8 pp
−1.7 pp
−1.0 pp
+2.4 pp
+3.2 pp
+2.7 pp
−2.5 pp

Goodyear India Ltd · GOODYEAR⚠ unverified

−6.7 pp
−8.9 pp
−6.3 pp
−1.1 pp
−2.6 pp
+0.4 pp
+3.1 pp
+1.6 pp
+2.9 pp
+0.7 pp
−7.8 pp
−2.5 pp
−4.3 pp
−3.0 pp
+1.9 pp
−2.1 pp
−0.1 pp
+3.5 pp
+3.9 pp
—

JK Tyre & Industries Ltd · JKTYRE

−5.8 pp
−9.2 pp
−8.7 pp
−2.9 pp
−1.9 pp
+0.1 pp
+3.1 pp
+4.2 pp
+7.1 pp
+6.0 pp
+3.0 pp
+2.0 pp
−3.0 pp
−6.0 pp
−3.0 pp
−4.0 pp
+1.0 pp
+5.0 pp
+3.0 pp
—

MRF Ltd · MRF

−9.8 pp
−11.0 pp
−5.7 pp
−3.2 pp
−2.4 pp
−0.0 pp
+4.8 pp
+9.3 pp
+10.8 pp
+7.0 pp
−1.0 pp
−2.0 pp
−4.0 pp
−5.0 pp
+1.0 pp
−2.0 pp
0.0 pp
+5.0 pp
+1.0 pp
—

Rajratan Global Wire Ltd · RAJRATAN

+2.5 pp
+4.9 pp
+1.6 pp
+1.2 pp
−4.2 pp
−2.3 pp
−4.2 pp
−9.0 pp
−0.8 pp
−4.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
−3.0 pp
−1.0 pp
0.0 pp
−1.0 pp
+1.0 pp
−4.0 pp
0.0 pp

TVS Srichakra Ltd · TVSSRICHAK

−6.5 pp
−8.0 pp
−8.0 pp
−1.1 pp
+0.8 pp
+2.0 pp
+2.8 pp
+4.8 pp
+2.1 pp
+2.0 pp
+2.0 pp
−2.0 pp
−5.0 pp
−4.0 pp
−2.0 pp
−1.0 pp
0.0 pp
+3.0 pp
+1.0 pp
—
08 · compare level, then change

Profit Scale & Acceleration

MRF Ltd has the highest Net profit among the 8 Tyres & Tubes companies compared here, at ₹2,423 crore. Balkrishna Industries Ltd is next at ₹1,405 crore. TVS Srichakra Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: MRF Ltd leads with ₹2,423 crore of TTM profit, 72.5% above Balkrishna Industries Ltd. TVS Srichakra Ltd shows ≥100% on the scoring scale (238.1% uncapped) growth from a ₹71 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderMRF Ltd · ₹2,423 crore
Gap72.5% versus #2 · Balkrishna Industries Ltd
Persistence4/8 recent comparable periods
Coverage8/8 companies · 145 observations

Investor read: MRF Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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 profitlargest
1MRF Ltd MRF₹2.4K Cr
2Balkrishna Industries Ltd BALKRISIND₹1.4K Cr
3Apollo Tyres Ltd APOLLOTYRE₹1.4K Cr
4JK Tyre & Industries Ltd JKTYRE₹776 Cr
5CEAT Ltd CEATLTD₹589 Cr
Profit growthfastest growers
1TVS Srichakra Ltd TVSSRICHAK100%
2JK Tyre & Industries Ltd JKTYRE52%
3Rajratan Global Wire Ltd RAJRATAN40%
4CEAT Ltd CEATLTD37%
5MRF Ltd MRF30%
Net profit · company comparison
8/8 level · 8/8 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
MRF Ltd MRF₹702 Cr38%Mar 2026
Apollo Tyres Ltd APOLLOTYRE₹631 Cr241%Mar 2026
Balkrishna Industries Ltd BALKRISIND₹451 Cr57%Jun 2026
JK Tyre & Industries Ltd JKTYRE₹178 Cr80%Mar 2026
TVS Srichakra Ltd TVSSRICHAK₹36 Cr260%Mar 2026
Rajratan Global Wire Ltd RAJRATAN₹23 Cr64%Jun 2026
Goodyear India Ltd GOODYEAR⚠ unverified₹10 Cr99%Mar 2026
CEAT Ltd CEATLTD₹4 Cr-96%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

₹174 Cr
₹224 Cr
₹113 Cr
₹191 Cr
₹194 Cr
₹292 Cr
₹410 Cr
₹397 Cr
₹474 Cr
₹497 Cr
₹354 Cr
₹302 Cr
₹297 Cr
₹337 Cr
₹185 Cr
₹13 Cr
₹258 Cr
₹471 Cr
₹631 Cr
—

Balkrishna Industries Ltd · BALKRISIND

₹391 Cr
₹339 Cr
₹375 Cr
₹307 Cr
₹382 Cr
₹108 Cr
₹260 Cr
₹332 Cr
₹347 Cr
₹305 Cr
₹487 Cr
₹490 Cr
₹347 Cr
₹449 Cr
₹369 Cr
₹288 Cr
₹273 Cr
₹382 Cr
₹299 Cr
₹451 Cr

CEAT Ltd · CEATLTD

₹42 Cr
₹-20 Cr
₹25 Cr
₹9 Cr
₹8 Cr
₹35 Cr
₹132 Cr
₹144 Cr
₹208 Cr
₹181 Cr
₹102 Cr
₹154 Cr
₹121 Cr
₹97 Cr
₹99 Cr
₹112 Cr
₹186 Cr
₹155 Cr
₹244 Cr
₹4 Cr

Goodyear India Ltd · GOODYEAR⚠ unverified

—
—
—
—
—
₹24 Cr
₹34 Cr
₹39 Cr
₹38 Cr
₹22 Cr
₹-4 Cr
₹25 Cr
₹16 Cr
₹9 Cr
₹5 Cr
₹14 Cr
₹13 Cr
₹25 Cr
₹10 Cr
—

JK Tyre & Industries Ltd · JKTYRE

—
—
—
—
—
₹67 Cr
₹112 Cr
₹159 Cr
₹249 Cr
₹227 Cr
₹172 Cr
₹218 Cr
₹140 Cr
₹53 Cr
₹99 Cr
₹163 Cr
₹227 Cr
₹208 Cr
₹178 Cr
—

MRF Ltd · MRF

₹189 Cr
₹149 Cr
₹165 Cr
₹124 Cr
₹130 Cr
₹175 Cr
₹341 Cr
₹589 Cr
₹587 Cr
₹510 Cr
₹396 Cr
₹571 Cr
₹471 Cr
₹315 Cr
₹510 Cr
₹500 Cr
₹526 Cr
₹695 Cr
₹702 Cr
—

Rajratan Global Wire Ltd · RAJRATAN

₹33 Cr
₹33 Cr
₹37 Cr
₹35 Cr
₹23 Cr
₹22 Cr
₹20 Cr
₹12 Cr
₹19 Cr
₹20 Cr
₹20 Cr
₹15 Cr
₹19 Cr
₹9 Cr
₹15 Cr
₹14 Cr
₹21 Cr
₹21 Cr
₹15 Cr
₹23 Cr

TVS Srichakra Ltd · TVSSRICHAK

₹25 Cr
₹9 Cr
₹8 Cr
₹-2 Cr
₹38 Cr
₹20 Cr
₹22 Cr
₹21 Cr
₹39 Cr
₹24 Cr
₹24 Cr
₹7 Cr
₹10 Cr
₹-6 Cr
₹10 Cr
₹13 Cr
₹11 Cr
₹11 Cr
₹36 Cr
—

Profit growth · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

—
—
—
49%
11%
30%
263%
108%
144%
70%
-14%
-24%
-37%
-32%
-48%
-96%
-13%
40%
241%
—

Balkrishna Industries Ltd · BALKRISIND

—
—
—
-7.3%
-2.3%
-68%
-31%
8.1%
-9.2%
182%
87%
48%
0.0%
47%
-24%
-41%
-21%
-15%
-19%
57%

CEAT Ltd · CEATLTD

—
—
—
—
-81%
—
428%
1,500%
2,497%
418%
-23%
7.1%
-42%
-46%
-3.5%
-27%
53%
60%
147%
-96%

Goodyear India Ltd · GOODYEAR⚠ unverified

—
—
—
—
—
—
—
—
—
-8.9%
-113%
-36%
-59%
-57%
—
-44%
-17%
160%
99%
—

JK Tyre & Industries Ltd · JKTYRE

—
—
—
—
—
—
—
—
—
239%
54%
37%
-44%
-77%
-42%
-25%
62%
292%
80%
—

MRF Ltd · MRF

—
—
—
-25%
-31%
17%
107%
375%
352%
191%
16%
-3.1%
-20%
-38%
29%
-12%
12%
121%
38%
—

Rajratan Global Wire Ltd · RAJRATAN

—
—
—
59%
-30%
-33%
-46%
-66%
-17%
-9.1%
0.0%
25%
0.0%
-55%
-25%
-6.7%
11%
133%
0.0%
64%

TVS Srichakra Ltd · TVSSRICHAK

—
—
—
-300%
52%
122%
175%
—
2.6%
20%
9.1%
-67%
-74%
-125%
-58%
86%
10%
—
260%
—
09 · compare level, then change

Return On Capital Employed

CEAT Ltd has the highest ROCE among the 8 Tyres & Tubes companies compared here, at 19.2%. Goodyear India Ltd is next at 17.4%. Goodyear India Ltd has the highest ROCE change at +4.1 percentage points, so level and change sit with different companies. 8 of 8 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: CEAT Ltd leads ROCE at 19.2%, 1.8 percentage points above Goodyear India Ltd. Goodyear India Ltd has the strongest latest improvement at +4.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderCEAT Ltd · 19.2%
Gap10.3% versus #2 · Goodyear India Ltd
Persistence4/8 recent comparable periods
Coverage8/8 companies · 106 observations

Investor read: CEAT Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

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.
ROCEhighest
1CEAT Ltd CEATLTD19%
2Goodyear India Ltd GOODYEAR⚠ unverified17%
3MRF Ltd MRF16%
4JK Tyre & Industries Ltd JKTYRE16%
5Apollo Tyres Ltd APOLLOTYRE14%
ROCE changefastest improvers
1Goodyear India Ltd GOODYEAR⚠ unverified+4.1 pp
2CEAT Ltd CEATLTD+3.7 pp
3JK Tyre & Industries Ltd JKTYRE+3.0 pp
4TVS Srichakra Ltd TVSSRICHAK+2.5 pp
5Apollo Tyres Ltd APOLLOTYRE+1.9 pp
Return on capital · company comparison
8/8 level · 8/8 change

Withheld from this chart: JK Tyre & Industries Ltd (JKTYRE) — its two data sources disagree by up to 12% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
CEAT Ltd CEATLTD19%+3.7 ppJun 2026
Balkrishna Industries Ltd BALKRISIND14%−1.3 ppJun 2026
MRF Ltd MRF14%+1.9 ppMar 2026
Rajratan Global Wire Ltd RAJRATAN14%−1.0 ppJun 2026
Goodyear India Ltd GOODYEAR⚠ unverified14%+4.1 ppMar 2026
Apollo Tyres Ltd APOLLOTYRE12%+1.9 ppMar 2026
TVS Srichakra Ltd TVSSRICHAK8.4%+2.5 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

9.0%
—
6.2%
—
7.4%
—
9.8%
—
14%
16%
15%
15%
13%
12%
10%
8.0%
10%
9.1%
12%
—

Balkrishna Industries Ltd · BALKRISIND

24%
—
20%
—
15%
—
12%
—
12%
19%
16%
24%
17%
25%
16%
19%
13%
17%
14%
—

CEAT Ltd · CEATLTD

11%
—
5.2%
—
4.7%
—
9.2%
—
17%
21%
20%
20%
18%
16%
15%
15%
15%
18%
18%
19%

Goodyear India Ltd · GOODYEAR⚠ unverified

27%
—
16%
—
21%
—
24%
—
26%
30%
19%
18%
11%
10%
9.6%
10%
7.2%
13%
14%
—

MRF Ltd · MRF

11%
—
5.9%
—
5.5%
—
7.1%
—
13%
18%
15%
17%
13%
14%
12%
14%
12%
16%
14%
—

Rajratan Global Wire Ltd · RAJRATAN

39%
—
41%
—
35%
—
27%
—
20%
21%
18%
20%
18%
18%
15%
16%
14%
18%
14%
—

TVS Srichakra Ltd · TVSSRICHAK

14%
—
5.7%
—
7.4%
—
9.4%
—
11%
12%
12%
11%
9.0%
6.9%
5.9%
6.0%
5.4%
7.4%
8.4%
—

ROCE change · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

—
—
—
—
−1.6 pp
—
+3.6 pp
—
+6.8 pp
—
+5.1 pp
—
−1.3 pp
−4.3 pp
−4.5 pp
−6.6 pp
−2.5 pp
−2.9 pp
+1.9 pp
—

Balkrishna Industries Ltd · BALKRISIND

—
—
—
—
−9.2 pp
—
−8.4 pp
—
−2.7 pp
—
+4.3 pp
—
+4.8 pp
+5.4 pp
−0.4 pp
−4.4 pp
−4.2 pp
−7.6 pp
−1.3 pp
—

CEAT Ltd · CEATLTD

—
—
—
—
−6.4 pp
—
+4.0 pp
—
+12.6 pp
—
+11.0 pp
—
+0.7 pp
−4.7 pp
−5.1 pp
−4.8 pp
−3.2 pp
+1.6 pp
+2.9 pp
+3.7 pp

Goodyear India Ltd · GOODYEAR⚠ unverified

—
—
—
—
−6.4 pp
—
+8.1 pp
—
+5.5 pp
—
−5.2 pp
—
−15.7 pp
−19.2 pp
−9.4 pp
−7.8 pp
−3.5 pp
+2.7 pp
+4.1 pp
—

MRF Ltd · MRF

—
—
—
—
−5.1 pp
—
+1.2 pp
—
+7.9 pp
—
+8.0 pp
—
−0.1 pp
−3.9 pp
−3.0 pp
−3.5 pp
−1.8 pp
+1.9 pp
+1.9 pp
—

Rajratan Global Wire Ltd · RAJRATAN

—
—
—
—
−3.9 pp
—
−14.4 pp
—
−15.4 pp
—
−8.8 pp
—
−1.8 pp
−3.6 pp
−3.0 pp
−3.9 pp
−3.4 pp
+0.1 pp
−1.0 pp
—

TVS Srichakra Ltd · TVSSRICHAK

—
—
—
—
−6.7 pp
—
+3.7 pp
—
+3.7 pp
—
+2.3 pp
—
−2.1 pp
−5.4 pp
−5.8 pp
−5.3 pp
−3.6 pp
+0.5 pp
+2.5 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

CEAT Ltd has the lowest PEG among the 8 Tyres & Tubes companies compared here, at 0.37×. MRF Ltd is next at 0.65×. JK Tyre & Industries Ltd has the lowest P/E at 13×, so level and change sit with different companies. 6 of 8 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: CEAT Ltd has the lowest comparable PEG at 0.37×, 43.1% below MRF Ltd. Only 6 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderCEAT Ltd · 0.37×
Gap43.1% versus #2 · MRF Ltd
Persistence0/8 recent comparable periods
Coverage6/8 companies · 29 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

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 recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. 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.
PEGlowest PEG
1CEAT Ltd CEATLTD0.4
2MRF Ltd MRF0.7
3Balkrishna Industries Ltd BALKRISIND0.7
4Rajratan Global Wire Ltd RAJRATAN1.6
5Apollo Tyres Ltd APOLLOTYRE2.2
P/Elowest P/E
1JK Tyre & Industries Ltd JKTYRE13.0
2Apollo Tyres Ltd APOLLOTYRE13.2
3CEAT Ltd CEATLTD21.8
4MRF Ltd MRF22.8
5Goodyear India Ltd GOODYEAR⚠ unverified25.2
Valuation · company comparison
6/8 level · 8/8 change
All-company data · latest reported quarter
CompanyPEGP/EReported
TVS Srichakra Ltd TVSSRICHAK5.156.1Mar 2026
Apollo Tyres Ltd APOLLOTYRE2.217.9Mar 2026
Rajratan Global Wire Ltd RAJRATAN1.631.4Jun 2026
Balkrishna Industries Ltd BALKRISIND0.734.7Jun 2026
MRF Ltd MRF0.724.0Mar 2026
CEAT Ltd CEATLTD0.418.9Jun 2026
JK Tyre & Industries Ltd JKTYRE—15.2Mar 2026
Goodyear India Ltd GOODYEAR⚠ unverified—27.3Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

—
—
1.2
—
2.2
1.0
—
—
—
—
—
—
0.6
—
—
—
—
—
2.2
—

Balkrishna Industries Ltd · BALKRISIND

2.5
—
0.8
2.3
—
—
—
—
—
—
5.9
2.0
—
0.7
0.7
—
—
—
—
—

CEAT Ltd · CEATLTD

—
—
—
—
—
—
—
—
—
—
—
—
—
1.6
—
—
—
—
1.1
0.4

MRF Ltd · MRF

1.0
—
—
—
—
—
—
3.8
—
—
1.7
—
—
—
0.9
—
—
—
0.7
—

Rajratan Global Wire Ltd · RAJRATAN

—
—
—
—
—
—
5.5
—
—
—
—
1.9
—
—
—
—
—
—
2.7
1.6

TVS Srichakra Ltd · TVSSRICHAK

—
—
1.6
—
0.8
—
—
—
—
—
0.5
0.8
—
—
—
—
—
—
5.1
—

P/E · reported quarter history

Apollo Tyres Ltd · APOLLOTYRE

12.0
13.4
14.6
18.1
25.1
29.1
26.2
24.5
18.4
18.3
16.6
19.4
20.5
22.6
20.1
23.0
24.6
24.5
17.9
—

Balkrishna Industries Ltd · BALKRISIND

37.3
31.5
27.5
29.2
25.8
29.4
32.2
43.3
45.7
47.4
36.0
47.7
36.1
34.0
27.9
28.8
31.3
32.1
31.7
34.7

CEAT Ltd · CEATLTD

10.7
13.7
18.7
43.7
99.5
100.0
63.8
40.0
25.2
18.6
16.1
16.8
19.2
21.9
22.6
29.9
29.9
29.8
22.5
18.9

Goodyear India Ltd · GOODYEAR⚠ unverified

14.2
14.2
16.2
22.8
20.8
25.1
23.1
22.5
24.0
22.4
19.2
29.1
33.2
40.0
40.8
39.5
51.1
47.2
27.3
—

JK Tyre & Industries Ltd · JKTYRE

7.2
6.9
7.6
11.9
19.8
21.9
16.8
20.1
17.5
17.2
15.0
13.5
12.8
13.2
12.2
18.5
21.2
24.7
15.2
—

MRF Ltd · MRF

23.6
25.8
33.7
44.7
55.2
66.1
60.1
55.9
36.9
32.5
27.9
26.4
29.0
28.6
27.3
32.5
35.1
34.4
24.0
—

Rajratan Global Wire Ltd · RAJRATAN

28.2
22.1
25.0
24.3
44.4
35.5
32.3
42.4
50.0
53.2
41.0
41.7
38.7
33.4
23.3
35.8
29.0
40.0
25.3
31.4

TVS Srichakra Ltd · TVSSRICHAK

15.1
15.5
18.1
25.9
41.1
39.4
27.6
27.2
24.1
33.7
27.8
28.9
32.8
39.4
45.7
84.4
114.7
128.9
56.1
—
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Tyres & Tubes comparison names 6 specific ways its own evidence can mislead, all listed below. All 8 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 8 Tyres & Tubes companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing6 cross-checked · 1 unverified · 1 withheld, of 8 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Tyres & Tubes company comparison FAQs

These 24 answers restate the Tyres & Tubes comparison above in question form. Every one is computed from the same 8 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Tyres & Tubes sector outperforming NIFTY 500?

Tyres & Tubes has outperformed NIFTY 500 by 16.5% over 52 weeks and 4% over 13 weeks. 3 of 8 covered companies beat NIFTY on Mansfield relative strength, while 4 of 8 beat the sector itself.

Which Tyres & Tubes company is largest by revenue?

MRF Ltd leads with revenue of ₹31,149 crore, based on 8 of 8 comparable companies through Mar 2026.

Which Tyres & Tubes company is growing fastest?

Rajratan Global Wire Ltd has the fastest current revenue growth at 27.8%, across 8 of 8 comparable companies.

Which Tyres & Tubes company has the strongest 4-Factor Sector Score?

JK Tyre & Industries Ltd ranks first at 64.5/100 with 72.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Tyres & Tubes company has the lowest comparable PEG?

CEAT Ltd has the lowest comparable PEG at 0.37, among 6 of 8 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Tyres & Tubes comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Tyres & Tubes index?

The Nifty Tyres & Tubes index tracks India's listed Tyres & Tubes companies as a single basket. This page follows the same 8 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Tyres & Tubes sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Tyres & Tubes stocks in India?

Ranked by this page's four-factor score, JK Tyre & Industries Ltd places first among 8 listed Tyres & Tubes companies, followed by CEAT Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Tyres & Tubes stocks are listed in India?

This comparison covers 8 listed Tyres & Tubes companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Tyres & Tubes company is the biggest?

MRF Ltd is the largest, with trailing-twelve-month revenue of ₹31,149 crore, ahead of Apollo Tyres Ltd at ₹28,471 crore. That covers 8 of 8 companies with comparable reporting through Mar 2026.

Which Tyres & Tubes company has the best profit margins?

Balkrishna Industries Ltd has the highest operating margin at 22%, from 8 of 8 comparable companies. Balkrishna Industries Ltd shows the biggest recent improvement, at +4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Tyres & Tubes company makes the most profit?

MRF Ltd earns the most, at ₹2,423 crore of trailing-twelve-month net profit, from 8 of 8 comparable companies. TVS Srichakra Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Tyres & Tubes company earns the highest return on capital?

CEAT Ltd leads on return on capital employed at 19.2%, across 8 of 8 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Tyres & Tubes stock is the cheapest?

On PEG — where a LOWER number is cheaper — CEAT Ltd screens cheapest at 0.37×. Only 6 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Tyres & Tubes sector beating the market?

Tyres & Tubes has outperformed NIFTY 500 by 16.5% over the last 52 weeks and 4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 8 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Tyres & Tubes stock has the strongest price momentum?

Rajratan Global Wire Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Tyres & Tubes company scores highest for research priority?

JK Tyre & Industries Ltd scores 64.5 out of 100 with 72.1% evidence confidence, from 25.5 points on growth and earnings, 14.4 on capital efficiency, 12.5 on valuation and 12.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Tyres & Tubes companies does this comparison cover, and over what period?

It compares 8 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Tyres & Tubes sector?

The 8 Tyres & Tubes companies on this page carry ₹1,64,163 crore of combined market value. MRF Ltd is the largest at ₹56,310 crore, about 34% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Tyres & Tubes sector's P/E ratio?

The median price-to-earnings ratio across the 8 Tyres & Tubes companies on this page is 25.2×, measured on the 8 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Tyres & Tubes sector performing?

3 of the 8 covered Tyres & Tubes companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 16.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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