5 Best Tyre Stocks in India 2023

By :  Sachin Gupta 

Published : 20 November 2023

CEAT Ltd

The company produces rubber tyres and tubes for two-wheelers, three-wheelers, and more.

₹ 2129

9.50%

CMP

ROCE

5.41%

ROE

4.60%

OPM

Balkrishna Industries Ltd

It is one of the largest players in the off-highway tyre market.

₹ 2649.45

16.47%

CMP

ROCE

13.99%

ROE

15.19%

OPM

Apollo Tyres Ltd

The company was established in 1972 and has been a renowned player in the industry.

₹ 431.10

10.00%

CMP

ROCE

8.57%

ROE

7.87%

OPM

JK Tyre & Industries Ltd

The company makes different types of tyres including smart tyres and different types of puncture guards.

₹ 349.55

12.90%

CMP

ROCE

7.72%

ROE

6.36%

OPM

MRF Ltd

The company is known as the biggest player in the Indian tyre market.

₹ 111362.85

8.23%%

CMP

ROCE

5.22%

ROE

6.03%

OPM