Tire & Rubber Stocks with High ROCE

The table below shows the tire & rubber stocks with high roce based on the Highest Market Capitalization.

What Are The Tire & Rubber Stocks with High ROCE?

Tire & rubber stocks refer to shares of companies involved in the production, distribution, and sale of tires and rubber products. High ROCE (Return on Capital Employed) indicates these companies efficiently generate profits from their capital, highlighting strong financial performance and effective management.

Features Of Tire & Rubber Stocks with High ROCE

The features of tire & rubber stocks with high ROCE make them attractive to investors seeking reliable returns. These stocks reflect companies that utilize their capital effectively, ensuring strong profitability and growth. 

1. Operational Efficiency: Companies with high ROCE operate efficiently, minimizing costs and maximizing output, leading to higher profitability.
2. Strong Financial Health: High ROCE indicates robust financial health, showing the company’s ability to generate profits and maintain financial stability.
3. Competitive Advantage: These companies often have a strong market position and competitive edge, contributing to sustained profitability and growth.
4. Effective Management: High ROCE reflects effective management practices, ensuring optimal use of resources and strategic decision-making.
5. Attractive to Investors: Stocks with high ROCE are attractive to investors seeking steady returns and long-term growth potential.

Best Tire & Rubber Stocks with High ROCE

The table below shows the best tire & rubber stocks with high roce based on the highest day Volume.

Top Tire & Rubber Stocks with High ROCE in India

The table below shows the top tire & rubber stocks with high roce in India based on 1 Year Return. 

Factors To Consider When Investing In Tire & Rubber Stocks with High ROCE

The factors to consider when investing in tire and rubber stocks with high ROCE include understanding the company’s financial health and market position.

1. Industry Trends: Evaluate the impact of current market trends and technological advancements on the tire and rubber industry.
2. Management Quality: Assess the experience and track record of the company’s management team in driving growth.
3. Competitive Position: Analyze the company’s competitive advantages and market share relative to peers.
4. Debt Levels: Consider the company’s debt-to-equity ratio to ensure manageable leverage and financial stability.
5. Valuation Metrics: Compare price-to-earnings (P/E) and price-to-book (P/B) ratios to determine if the stock is fairly valued.

How To Invest In Tire & Rubber Stocks with High ROCE?

To invest in tire and rubber stocks with high ROCE, research companies with strong financial metrics and industry positions. Evaluate their market trends, management quality, and competitive advantages. Open an account with a broker like Alice Blue by filling out the KYC form here.

Advantages Of Investing In Tire & Rubber Stocks with High ROCE

The primary advantage of investing in tire and rubber stocks with high ROCE is their potential to deliver strong returns due to efficient capital utilization.

1. Consistent Growth: Companies with high ROCE often exhibit steady revenue and profit growth.
2. Operational Efficiency: High ROCE indicates effective use of resources, leading to better operational performance.
3. Attractive Dividends: These companies are often able to pay attractive dividends due to their profitability.
4. Strong Financial Health: High ROCE typically reflects a strong balance sheet with lower debt.
5. Market Leadership: These companies often hold leading market positions, enhancing long-term stability.

Risks Of Investing In Tire & Rubber Stocks with High ROCE

The main risk of investing in tire and rubber stocks with high ROCE is the potential for market volatility affecting stock prices.

1. Economic Cycles: Tire and rubber stocks are sensitive to economic downturns which can impact demand.
2. Raw Material Costs: Fluctuations in rubber and oil prices can affect profitability.
3. Regulatory Risks: Changes in environmental regulations can impose additional costs on companies.
4. Competition: Intense competition may pressure margins and market share.
5. Technological Changes: Innovations in tire technology can disrupt traditional business models.

Introduction to Tire & Rubber Stocks with High ROCE

Balkrishna Industries Ltd

The Market Cap of Balkrishna Industries Ltd is Rs. 63,894.23 crores. The stock’s monthly return is 2.08%. Its one-year return is 28.26%. The stock is 3.16% away from its 52-week high.

Balkrishna Industries Limited, an Indian company, specializes in manufacturing and selling off-highway tires 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.

MRF Ltd

The Market Cap of MRF Ltd is Rs 59,059.87 crores. The stock’s monthly return is 7.09%. Its one-year return is 35.92%. The stock is 8.22% away from its 52-week high.

MRF Limited, a holding company based in India, specializes in the manufacturing and sales of tires, tubes, flaps, tread rubber, and dealing in rubber and rubber chemicals. 

In addition, the company’s international operations cover a wide range of tire categories including heavy-duty truck/bus tires, light trucks, passenger cars, motorsports, and more. The company’s sports goods comprise the Virat Kohli range, English Willow range, Kashmir Willow range, and protective gear.  

Apollo Tyres Ltd

The Market Cap of Apollo Tyres Ltd is Rs. 35,041.69 crore. The stock’s monthly return is 1.42%. Its one-year return is 29.31%. The stock is 1.50% away from its 52-week high.

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 tires for commercial, passenger vehicles, two-wheelers, farm, and industrial use. The Vredestein brand provides products like car tires, tires for agricultural and industrial machinery, and bicycle tires.  

JK Tyre & Industries Ltd

The Market Cap of JK Tyre & Industries Ltd is Rs. 11525.29 crores. The stock’s monthly return is 1.33%. Its one-year return is 67.65%. The stock is 24.15% away from its 52-week high.

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. 

CEAT Ltd

The Market Cap of CEAT Ltd is Rs. 10800.38 crore. The stock’s monthly return is -4.96%. Its one-year return is 10.19%. The stock is 10.11% away from its 52-week high.

CEAT Limited, an Indian tire company, specializes in the manufacturing of automotive tires, 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 tire 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.  

TVS Srichakra Ltd

The Market Cap of TVS Srichakra Ltd is Rs 3334.22 crore. The stock’s monthly return is 1.97%. Its one-year return is 44.48%. The stock is 16.17% away from its 52-week high.

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.  

Tinna Rubber and Infrastructure Ltd

The Market Cap of Tinna Rubber and Infrastructure Ltd is Rs. 3,062.33 crore. The stock’s monthly return is -9.33%. Its one-year return is 345.74%. The stock is 23.46% away from its 52-week high.

Tinna Rubber and Infrastructure Limited is an India-based company primarily engaged in recycling waste/end-of-life tyres (ELT) and manufacturing value-added products derived from these tyres. 

It produces crumb rubber, crumb rubber modifier (CRM), crumb rubber modified bitumen (CRMB), polymer modified bitumen (PMB), bitumen emulsion, reclaimed rubber/ultra-fine crumb rubber compound, and cut wire shots. 

GRP Ltd

The Market Cap of GRP Ltd is Rs. 2039.33 crores. The stock’s monthly return is 5.48%. Its one-year return is 342.13%. The stock is 5.93% away from its 52-week high.

GRP Limited is an India-based company engaged primarily in manufacturing reclaimed rubber. It produces reclaimed rubber from used tyres, upscaled polyamide from nylon waste, and engineered products die-cut from end-of-life tyres. 

The company also generates power from windmills and manufactures engineering plastics, custom die forms, and polymer composite products. GRP operates across five business verticals: Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, Polymer Composite, and Custom Die Forms.  

ELGI Rubber Co Ltd

The Market Cap of ELGI Rubber Co Ltd is Rs. 427.68 crores. The stock’s monthly return is 13.30%. Its one-year return is 111.11%.

ELGI Rubber Co Ltd provides solutions to the rubber industry, including the manufacturing of reclaimed rubber, retreading machinery, and retreading rubber. It sells products under various brands such as Jet, CRS, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources, and Rubber Compounding Holland. 

The Jet brand offers tyre and tube repairs, retreading, and repair equipment. CRS brand includes Cincinnati Retread Systems. Armonas manufactures retread auxiliary machines, exhaust, and rubber dust handling equipment. 

Gayatri Rubbers and Chemicals Ltd

The Market Cap of Gayatri Rubbers and Chemicals Ltd is Rs. 229.52 crore. The stock’s monthly return is 20.85%. Its one-year return is 633.27%. The stock is 2.00% away from its 52-week high.

Gayatri Rubbers and Chemicals Ltd is an India-based company manufacturing and trading rubber profiles, aluminium rubber profiles, automobile rubber profiles, rubber compounds, various rubber components and clear polyvinyl chloride (PVC) profiles. 

It supplies rubber compounds to other rubber product manufacturers and original equipment manufacturers (OEM). The company provides automobile and aluminium beading solutions for critical applications, including container seals, solar rubbers, metro rubber, e-rickshaw front shield rubber, three-wheeler, and railway bogie applications.  

Top Tire & Rubber Stocks with High ROCE – FAQs

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

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.