TVS Srichakra Adjusts Valuation Amidst Competitive Landscape in Tyre Industry

TVS Srichakra, a small-cap player in the Tyres & Rubber Products industry, has recently undergone a valuation adjustment. The company's current price stands at 3727.50, reflecting a slight increase from the previous close of 3706.20. Over the past year, TVS Srichakra has experienced a stock return of -9.42%, contrasting with a modest gain of 0.12% in the Sensex.
Key financial metrics for TVS Srichakra include a PE ratio of 113.20 and an EV to EBITDA ratio of 17.06. The company's return on capital employed (ROCE) is reported at 4.67%, while the return on equity (ROE) is at 2.59%. The dividend yield is relatively low at 0.45%.

In comparison to its peers, TVS Srichakra's valuation metrics appear less favorable. For instance, Apollo Tyres, CEAT, and JK Tyre & Industries all showcase more attractive valuation ratios, particularly in terms of PE and EV to EBITDA. Goodyear India stands out with a notably higher valuation, indicating a diverse landscape within the tyre industry. This context highlights the competitive positioning of TVS Srichakra amid its industry counterparts.