The tyre industry in India one of the most recognized and quite well industries in the country. India stands fourth in world of tyre market. Through overseas collaboration, the tyre industry of India has indeed ready to absorb new technological advances. In this study three tyre companies data has been taken and the companies names are JK tyres industries limited, Balkrishna tyre industries and Apollo tyre limited. Period of the study is five year which is 2016-17 to 2020-2021. In this research study ANOVA test has been applied on ratios. Data has been collected from company’s annual reports and from money control website. The majority of null hypotheses have been rejected, implying that alternative hypotheses have been accepted. The data reveals that there is a substantial variation in gross profit ratio, net profit ratio, current ratio, quick ratio, inventory turnover ratio among chosen tyre business.

Keywords: ANOVA, Ratio Analysis, Profitability, Productivity, Current Ratio, Quick Ratio.