5 Best Tyre Stocks in  India 2024

Published : 20 June 2024

MRF

The company is known as the biggest player in the Indian tyre market. Its shares are trading at around Rs. 126000+ at present with ROCE and ROE of 16.40% and 12.46% while the OPM is noted at 12.47%.

CEAT

The company produces rubber tyres and tubes for two-wheelers, three-wheelers, and more. It is currently trading at around Rs. 2490 with an ROCE of 20.54% and an ROE of 15.89%. Its OPM is 9.73%.

Apollo Tyres

The company was established in 1972 and has been a renowned player in the industry.  Its shares are trading at around Rs. 495 at present with ROCE and ROE of 15.68% and 12.38% while the OPM is noted at 12.30%.

JK Tyre & Industries

The company makes different types of tyres including smart tyres and different types of puncture guards. It is currently trading around Rs. 395 with an ROCE of 20.04% and an ROE of 17.52%.  Its OPM is around 11.23%.

Balkrishna Industries

It is one of the largest players in the off-highway tyre market. It is currently trading at around Rs. 3295 with an ROCE of 20.48% and ROE of 16.61%.  Its OPM is around 21.92%.