Leading tyre stocks in India include Innovative Tyres & Tubes Ltd, which posted an outstanding 274.03% 1Y return, followed by Balkrishna Industries Ltd with 17.32% and Viaz Tyres Ltd with 9.67%. However, major players like MRF Ltd (-27.15%), Apollo Tyres (-24.73%), and JK Tyre & Industries (-47.04%) have faced significant declines, reflecting volatility in the sector.
The table below shows the top tyre stocks in India by market cap and 1-year return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 1Y Return % |
| Balkrishna Industries Ltd | 2685.85 | 51783.88 | 17.32 |
| MRF Ltd | 105723.40 | 45466.73 | -27.15 |
| Apollo Tyres Ltd | 389.95 | 25337.35 | -24.73 |
| CEAT Ltd | 2579.40 | 10931.44 | -10.36 |
| JK Tyre & Industries Ltd | 273.35 | 7780.8 | -47.04 |
| TVS Srichakra Ltd | 2725.30 | 2132.64 | -37.54 |
| Goodyear India Ltd | 854.95 | 1996.52 | -33.60 |
| Tolins Tyres Ltd | 121.87 | 500.81 | -49.09 |
| Viaz Tyres Ltd | 62.95 | 76.51 | 9.67 |
| Innovative Tyres & Tubes Ltd | 28.80 | 51.82 | 274.03 |
Content:
- Introduction To Tyre Stocks In India by Market Cap
- What Are Tyre Stocks In India?
- Features Of Tyre Stocks In India by Market Cap
- Best Tyre Stocks In India by Market Cap
- Top Tyre Stocks by Market Cap
- Tyre Stocks In India by Market Cap
- High Dividend Yield Tyre Stocks In India by Market Cap
- Historical Performance Of Tyre Stocks In India
- Factors To Consider When Investing In Tyre Stocks
- How To Invest In Best Tyre Stocks In India by Market Cap?
- Benefits Of Best Tyre Stocks In India
- Risks Of Investing In Tyre Stocks In India
- Who Should Invest In Tyre Stocks In India?
- FAQs – Best Tyre Stocks In India by Market Cap
Introduction To Tyre Stocks In India by Market Cap
Balkrishna Industries Ltd
Balkrishna Industries Limited, an Indian company, specializes in manufacturing and selling off-highway tyres for various industries including agriculture, construction, mining, forestry, and all-terrain vehicles.
The company’s range of products cater to agricultural machinery such as tractors, harvesters, and telehandlers, as well as industrial equipment like forklifts, excavators, and cranes. Additionally, they offer tires for off-road vehicles like dump trucks, mining vehicles, and scrapers.
- Close Price ( ₹ ): 2685.85
- Market Cap ( Cr ): 51783.88
- 1Y Return %: 17.32
- 6M Return %: -4.79
- 1M Return %: -0.48
- 5Y CAGR %: 18.01
- % Away From 52W High: 25.66
- 5Y Avg Net Profit Margin %: 16.12
MRF Ltd
MRF Limited, a holding company based in India, specializes in the manufacturing and sales of tyres, tubes, flaps, tread rubber, and dealing in rubber and rubber chemicals. In addition, the company’s international operations cover a wide range of tyre categories including heavy-duty truck/bus tyres, light trucks, passenger cars, motorsports, and more.
The company is known for its high-quality products, extensive research and development, and strong brand presence. MRF exports to over 65 countries and has a dominant market share in India.
- Close Price ( ₹ ): 105723.40
- Market Cap ( Cr ): 45466.73
- 1Y Return %: -27.15
- 6M Return %: -23.83
- 1M Return %: -3.51
- 5Y CAGR %: 9.37
- % Away From 52W High: 41.55
- 5Y Avg Net Profit Margin %: 6.25
Apollo Tyres Ltd
Apollo Tyres Limited is involved in the production and distribution of automotive tires across various segments such as automobile tubes and automobile flaps. The company operates in geographical segments including Asia Pacific, Middle East, and Africa (APMEA), Europe, and others.
It serves distinct consumer groups through its brands Apollo and Vredestein. The Apollo brand offers a wide range of tyres for commercial, passenger vehicles, two-wheelers, farm, and industrial use. The Vredestein brand provides products like car tyres, tyres for agricultural and industrial machinery, and bicycle tyres.
- Close Price ( ₹ ): 389.95
- Market Cap ( Cr ): 25337.35
- 1Y Return %: -24.73
- 6M Return %: -22.69
- 1M Return %: -5.01
- 5Y CAGR %: 21.01
- % Away From 52W High: 49.99
- 5Y Avg Net Profit Margin %: 3.79
CEAT Ltd
CEAT Limited, an Indian tyre company, specializes in the manufacturing of automotive tyres, tubes, and flaps. They produce tires for a wide range of vehicles, including two/three wheelers, passenger cars, utility vehicles, commercial vehicles, and off-highway vehicles.
The company’s tyre lineup includes categories for cars, bikes, and scooters. CEAT provides tires for popular car models such as Maruti Alto, Maruti Swift, and Maruti Wagon R, as well as for various bikes like Hero Splendor, Honda Shine, and Yamaha FZ. For scooters, they offer tyres for models like Honda Activa and TVS Jupiter.
- Close Price ( ₹ ): 2579.40
- Market Cap ( Cr ): 10931.44
- 1Y Return %: -10.36
- 6M Return %: -10.31
- 1M Return %: -8.01
- 5Y CAGR %: 20.56
- % Away From 52W High: 38.75
- 5Y Avg Net Profit Margin %: 3.36
JK Tyre & Industries Ltd
JK Tyre & Industries Limited, an Indian tire manufacturer, along with its subsidiaries, is involved in the development, production, marketing, and distribution of automotive tires, tubes, flaps, and retreads.
The company operates in segments including India, Mexico, and other regions. JK Tyre sells its tires to vehicle manufacturers for original equipment fitment and also in replacement markets globally, catering to various vehicle segments such as passenger vehicles, commercial vehicles, farming equipment, off-road vehicles, and two and three-wheelers.
- Close Price ( ₹ ): 273.35
- Market Cap ( Cr ): 7780.8
- 1Y Return %: -47.04
- 6M Return %: -33.22
- 1M Return %: -15.24
- 5Y CAGR %: 32.69
- % Away From 52W High: 94.60
- 5Y Avg Net Profit Margin %: 2.79
TVS Srichakra Ltd
TVS Srichakra Limited, an India-based company, produces a variety of tyre brands including TVS Eurogrip, Eurogrip, and TVS Tyres. The company manufactures and exports tyres for two and three-wheelers, as well as off-highway vehicles. Its primary business segment is Automotive Tyres, Tubes, and Flaps.
Within India, the company supplies tyres to original equipment manufacturers (OEMs) and the replacement market through a network of depots, distributors, and retailers. Its products are distributed in more than 85 countries worldwide and include two and three-wheeler tyres, all-terrain vehicle tyres, construction tyres, industrial pneumatic tyres, earthmover tyres, agriculture tyres, and multi-purpose tyres.
- Close Price ( ₹ ): 2725.30
- Market Cap ( Cr ): 2132.64
- 1Y Return %: -37.54
- 6M Return %: -42.84
- 1M Return %: -9.42
- 5Y CAGR %: 12.25
- % Away From 52W High: 79.80
- 5Y Avg Net Profit Margin %: 3.03
Goodyear India Ltd
Goodyear India Limited, an India-based company, is involved in the production and distribution of tires, tubes, and flaps. It operates a manufacturing plant in Ballabgarh, Haryana, India. The company specializes in manufacturing and selling automotive tires, including farm and commercial truck tires under its own brand Goodyear.
Additionally, it markets passenger car tyres produced by Goodyear South Asia Tyres Private Limited in Aurangabad. Other products offered by the company include tubes and flaps. Goodyear India Limited has manufacturing facilities in 23 countries worldwide.
- Close Price ( ₹ ): 854.95
- Market Cap ( Cr ): 1996.52
- 1Y Return %: -33.60
- 6M Return %: -27.23
- 1M Return %: -8.63
- % Away From 52W High: 52.99
Tolins Tyres Ltd
Tolins Tyres Limited, established in 1982, is a prominent Indian manufacturer specializing in bias tyres and precured tread rubber. The company’s diverse product range includes tyres for two-wheelers, three-wheelers, light commercial vehicles, and agricultural applications, as well as retreading products like bonding gum and vulcanizing solutions.
With a strong commitment to quality and innovation, Tolins Tyres has expanded its footprint to over 40 countries, including markets in the Middle East, East Africa, and Egypt. Headquartered in Aluva, Kerala, the company operates state-of-the-art manufacturing facilities that adhere to stringent international standards, ensuring durability and performance across its product lines.
- Close Price ( ₹ ): 121.87
- Market Cap ( Cr ): 500.81
- 1Y Return %: -49.09
- 6M Return %: -49.09
- 1M Return %: -25.44
- % Away From 52W High: 112.69
Viaz Tyres Ltd
Viaz Tyres Limited, established in 2018 and headquartered in Ahmedabad, India, specializes in manufacturing rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles.
The company’s product portfolio also includes off-the-road (OTR) tyre tubes, animal-driven vehicle (ADV) tubes, engine oils, and grease under white-label agreements. Operating a production facility near Ahmedabad with a monthly capacity of 700,000 tubes, Viaz Tyres serves both domestic and international markets, distributing its products across 19 Indian states and exporting to countries like the United Arab Emirates, Turkey, and the United States.
- Close Price ( ₹ ): 62.95
- Market Cap ( Cr ): 76.51
- 1Y Return %: 9.67
- 6M Return %: 6.69
- 1M Return %: 3.74
- % Away From 52W High: 16.76
- 5Y Avg Net Profit Margin %: 3.36
Innovative Tyres & Tubes Ltd
Innovative Tyres & Tubes Limited (ITTL), established in 1995 and headquartered in Vadodara, Gujarat, is a prominent Indian manufacturer and exporter of bias tires and tubes. The company offers a diverse product range, including tyres for motorcycles, scooters, three-wheelers, passenger vehicles, light trucks, trucks, and buses, as well as specialized tyres for agricultural equipment and off-the-road applications.
With a robust presence in both domestic and international markets, ITTL exports its products to approximately 40 countries across five continents.
- Close Price ( ₹ ): 28.80
- Market Cap ( Cr ): 51.82
- 1Y Return %: 274.03
- 6M Return %: 47.69
- 1M Return %: 1.95
- 5Y CAGR %: 29.86
- 5Y Avg Net Profit Margin %: -582.42
What Are Tyre Stocks In India?
Tyre stocks in India refer to shares of companies engaged in manufacturing, distributing, and exporting tyres and related products. These companies cater to various vehicle segments, including two-wheelers, passenger cars, commercial vehicles, and off-road equipment. Major tyre stocks in India include Balkrishna Industries, MRF, Apollo Tyres, and CEAT, which hold significant market share in both domestic and global markets.
Features Of Tyre Stocks In India by Market Cap
The key features of tyre stocks in India include their dependence on the automotive industry, raw material costs, and export potential. These stocks are influenced by factors like domestic demand, global trade, and government policies affecting production and pricing.
1. Market Capitalization & Stability – Large-cap tyre stocks like MRF and Balkrishna Industries offer stability, while mid-and small-cap companies like JK Tyre and Innovative Tyres provide higher growth potential but come with increased volatility and market risks.
2. Dependence on Automotive Industry – Tyre stocks are directly linked to vehicle sales, replacement demand, and infrastructure growth. A rise in automobile production and road transport leads to increased tyre consumption, driving company revenues.
3. Raw Material & Production Costs – The tyre industry heavily depends on natural rubber and crude oil derivatives. Fluctuations in raw material prices affect profit margins, making cost management and supply chain efficiency crucial for stock performance.
4. Export & Global Market Reach – Companies like Balkrishna Industries and Apollo Tyres have strong export markets, generating international revenue. Expanding into global markets helps tyre companies mitigate domestic economic slowdowns and maintain steady growth.
5. Government Policies & Regulations – Import duties, environmental regulations, and production incentives impact tyre manufacturers. Government initiatives promoting local manufacturing and sustainability can support industry growth, while strict emission norms may require technological investments.
Best Tyre Stocks In India by Market Cap
The table below shows the best tyre stocks in India by market cap and 6-month return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 6M Return % |
| Innovative Tyres & Tubes Ltd | 28.80 | 51.82 | 47.69 |
| Viaz Tyres Ltd | 62.95 | 76.51 | 6.69 |
| Balkrishna Industries Ltd | 2685.85 | 51783.88 | -4.79 |
| CEAT Ltd | 2579.40 | 10931.44 | -10.31 |
| Apollo Tyres Ltd | 389.95 | 25337.35 | -22.69 |
| MRF Ltd | 105723.40 | 45466.73 | -23.83 |
| Goodyear India Ltd | 854.95 | 1996.52 | -27.23 |
| JK Tyre & Industries Ltd | 273.35 | 7780.8 | -33.22 |
| TVS Srichakra Ltd | 2725.30 | 2132.64 | -42.84 |
| Tolins Tyres Ltd | 121.87 | 500.81 | -49.09 |
Top Tyre Stocks by Market Cap
The table below shows the top tyre stocks by market cap and 1-month return.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 1M Return % |
| Viaz Tyres Ltd | 62.95 | 76.51 | 3.74 |
| Innovative Tyres & Tubes Ltd | 28.80 | 51.82 | 1.95 |
| Balkrishna Industries Ltd | 2685.85 | 51783.88 | -0.48 |
| MRF Ltd | 105723.40 | 45466.73 | -3.51 |
| Apollo Tyres Ltd | 389.95 | 25337.35 | -5.01 |
| CEAT Ltd | 2579.40 | 10931.44 | -8.01 |
| Goodyear India Ltd | 854.95 | 1996.52 | -8.63 |
| TVS Srichakra Ltd | 2725.30 | 2132.64 | -9.42 |
| JK Tyre & Industries Ltd | 273.35 | 7780.8 | -15.24 |
| Tolins Tyres Ltd | 121.87 | 500.81 | -25.44 |
Tyre Stocks In India by Market Cap
The table below shows the tyre stocks in India by market cap and 5-year average net profit margin.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 5Y Avg Net Profit Margin % |
| Balkrishna Industries Ltd | 2685.85 | 51783.88 | 16.12 |
| MRF Ltd | 105723.40 | 45466.73 | 6.25 |
| Goodyear India Ltd | 854.95 | 1996.52 | 4.91 |
| Apollo Tyres Ltd | 389.95 | 25337.35 | 3.79 |
| CEAT Ltd | 2579.40 | 10931.44 | 3.36 |
| Viaz Tyres Ltd | 62.95 | 76.51 | 3.36 |
| TVS Srichakra Ltd | 2725.30 | 2132.64 | 3.03 |
| JK Tyre & Industries Ltd | 273.35 | 7780.8 | 2.79 |
High Dividend Yield Tyre Stocks In India by Market Cap
The table below shows the high dividend yield tyre stocks in India by market cap.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | Dividend Yield % |
| Goodyear India Ltd | 854.95 | 1996.52 | 4.74 |
| TVS Srichakra Ltd | 2725.30 | 2132.64 | 1.7 |
| JK Tyre & Industries Ltd | 273.35 | 7780.8 | 1.51 |
| Apollo Tyres Ltd | 389.95 | 25337.35 | 1.5 |
| CEAT Ltd | 2579.40 | 10931.44 | 1.11 |
| Balkrishna Industries Ltd | 2685.85 | 51783.88 | 0.6 |
| MRF Ltd | 105723.40 | 45466.73 | 0.19 |
Historical Performance Of Tyre Stocks In India
The table below shows the historical performance of tyre stocks in India and the 5-year CAGR.
| Stock Name | Close Price ₹ | Market Cap (In Cr) | 5Y CAGR % |
| JK Tyre & Industries Ltd | 273.35 | 7780.8 | 32.69 |
| Innovative Tyres & Tubes Ltd | 28.80 | 51.82 | 29.86 |
| Apollo Tyres Ltd | 389.95 | 25337.35 | 21.01 |
| CEAT Ltd | 2579.40 | 10931.44 | 20.56 |
| Balkrishna Industries Ltd | 2685.85 | 51783.88 | 18.01 |
| TVS Srichakra Ltd | 2725.30 | 2132.64 | 12.25 |
| MRF Ltd | 105723.40 | 45466.73 | 9.37 |
Factors To Consider When Investing In Tyre Stocks
The factors to consider when investing in tyre stocks include fundamental aspects such as financial performance, market position, raw material costs, and demand trends. Investors should evaluate these factors to ensure long-term stability and growth potential in the tyre industry.
1. Revenue & Profitability – Analyzing a company’s revenue growth, net profit margins, and earnings stability is crucial. Strong financials indicate a company’s ability to sustain operations, invest in growth, and generate consistent returns for investors.
2. Debt & Financial Health – High debt levels can impact a company’s profitability. Investors should assess the debt-to-equity ratio, interest coverage, and cash flow strength to ensure financial stability and long-term growth potential.
3. Market Share & Competitive Advantage – Leading tyre companies with strong market presence and brand loyalty tend to perform better. A company with technological advancements, product innovation, and efficient distribution networks can sustain long-term success.
4. Raw Material Costs & Supply Chain – The tyre industry heavily depends on natural rubber and crude oil derivatives. Investors should monitor how companies manage fluctuations in raw material prices and optimize supply chain efficiency to maintain stable profit margins.
5. Export & Domestic Demand – Companies with a strong export market benefit from global demand for tyres. Investors should analyze the balance between domestic and international sales to assess growth opportunities and revenue diversification.
How To Invest In Best Tyre Stocks In India by Market Cap?
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Benefits Of Best Tyre Stocks In India
The main advantages of investing in the best tyre stocks in India include strong demand from the automotive industry, export potential, and stable returns. These stocks benefit from rising vehicle sales, replacement needs, and government support for manufacturing.
1. Consistent Market Demand – Tyre companies benefit from steady demand due to vehicle sales and replacement cycles. As the automobile industry grows, tyre manufacturers see continuous revenue generation, making them a reliable investment choice.
2. Export Growth Potential – Companies like Balkrishna Industries and Apollo Tyres have strong international market reach. Expanding global demand ensures consistent earnings, reducing reliance on domestic markets and enhancing long-term growth opportunities.
3. Strong Profit Margins – Leading tyre companies maintain stable profit margins through efficient cost management and premium pricing strategies. This allows them to sustain profitability even when raw material costs fluctuate.
4. Dividend & Long-Term Stability – Many established tyre companies offer regular dividends, making them attractive for income-focused investors. Their long-standing market presence and brand strength provide long-term investment stability.
5. Government & Policy Support – Policies promoting local manufacturing, infrastructure development, and sustainability benefit tyre manufacturers. Tax incentives and import restrictions on foreign tyres create a favourable market for Indian tyre stocks.
Risks Of Investing In Tyre Stocks In India
The main risk of investing in tyre stocks in India lies in fluctuating raw material costs, economic downturns, and regulatory challenges. Since the industry depends on automobile sales, global trade, and fuel prices, market uncertainties can impact profitability and stock performance.
1. Raw Material Price Volatility – Tyre manufacturing relies on natural rubber, synthetic rubber, and crude oil derivatives. Any price hike in these raw materials can squeeze profit margins, making cost management critical for maintaining financial stability.
2. Dependence on Automobile Industry – Tyre stocks are directly linked to vehicle sales and replacement demand. A slowdown in the auto sector, lower consumer spending, or economic downturns can negatively impact tyre company revenues.
3. Intense Market Competition – The tyre industry faces strong competition from both domestic and international players. Companies must continuously innovate and maintain cost efficiency to sustain market share and avoid pricing pressures.
4. Government Regulations & Import Policies – Strict environmental norms, import restrictions, and changes in taxation can impact tyre manufacturing. Compliance with emission standards and policies on rubber imports affects production costs and profitability.
5. Export & Currency Risks – Indian tyre stocks face export and currency risks due to global exposure. Apollo Tyres faces forex fluctuations and trade policy changes affecting European markets. Balkrishna Industries, a major exporter, is impacted by currency volatility and global demand shifts, affecting revenue and profitability in international markets.
Who Should Invest In Tyre Stocks In India?
Investing in tyre stocks in India is ideal for individuals who understand automobile industry trends, raw material price fluctuations, and global trade dynamics. These stocks are suitable for long-term investors seeking steady demand, dividend income, and growth potential.
1. Long-Term Investors – Tyre stocks offer stability due to continuous vehicle production and replacement demand. Investors with a long-term perspective can benefit from the sector’s growth, export potential, and rising infrastructure investments.
2. Dividend-Seeking Investors – Many tyre companies, like MRF and Balkrishna Industries, provide regular dividend payouts. Investors looking for consistent income streams can consider tyre stocks for long-term wealth accumulation.
3. Risk-Tolerant Investors – Tyre stocks are subject to raw material price fluctuations and economic cycles. Investors comfortable with market volatility can find opportunities in this sector when stock prices dip due to temporary industry challenges.
4. Sector-Specific Enthusiasts – Investors with knowledge of the automotive, transportation, and logistics industries can make informed decisions. Understanding demand trends and regulatory impacts helps in selecting the right tyre stocks.
FAQs – Best Tyre Stocks In India by Market Cap
1. What are Tyre Stocks in India?
Tyre stocks in India refer to shares of companies involved in the manufacturing, distribution, and export of tyres for various vehicles, including two-wheelers, passenger cars, and commercial vehicles. Leading tyre stocks include MRF, Balkrishna Industries, Apollo Tyres, CEAT, and JK Tyre. These stocks are influenced by automobile sales, raw material prices, and global trade demand.
2. Which Are The Best Tyre Stocks In India by Market Cap?
The Best Tyre Stocks In India by Market Cap #1: Balkrishna Industries Ltd
The Best Tyre Stocks In India by Market Cap #2: MRF Ltd
The Best Tyre Stocks In India by Market Cap #3: Apollo Tyres Ltd
The Best Tyre Stocks In India by Market Cap #4: CEAT Ltd
The Best Tyre Stocks In India by Market Cap #5: JK Tyre & Industries Ltd
The top 5 stocks based on market capitalization.
3. What are the top 5 Tyre Stocks?
The top 5 tyre stocks based on 5 year average net profit margin’ are Balkrishna Industries Ltd, MRF Ltd, Goodyear India Ltd, Apollo Tyres Ltd, and CEAT Ltd.
4. How To Invest In Tyre Stocks In India?
To invest in tyre stocks in India, start by researching top companies like MRF, Balkrishna Industries, and Apollo Tyres. Open a demat and trading account with Alice Blue, analyze stock trends, and track automobile sector growth and raw material costs. Diversifying across large-cap and mid-cap tyre stocks helps manage risks while maximizing potential long-term returns.
5. Is It Good To Invest In Tyre Stocks In India?
Investing in tyre stocks in India by market cap can be a good option for those seeking stable returns and long-term growth. Large-cap stocks like MRF and Balkrishna Industries offer stability, while mid-cap stocks like JK Tyre and CEAT provide growth potential. However, investors should consider raw material costs, automobile demand, and market competition before investing.
6. Is Diversification Important When Investing In Tyre Sector Stocks?
Yes, diversification is important when investing in tyre sector stocks to reduce risk and balance portfolio volatility. Since tyre stocks are influenced by automobile sales, raw material costs, and global trade, spreading investments across large-cap and mid-cap companies like MRF, Apollo Tyres, and JK Tyre helps mitigate risks while maximizing potential returns in different market conditions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
