Goodyear India Ltd
₹ 705
-0.18%
18 Sep
- close price
About
Goodyear India is engaged in the business of manufacturing and trading of tyres, tubes, and flaps
It is a leading player in the India farm tyre market[1]
Key Points
- Market Cap ₹ 1,623 Cr.
- Current Price ₹ 705
- High / Low ₹ 1,022 / 660
- Stock P/E 26.4
- Book Value ₹ 263
- Dividend Yield 3.76 %
- ROCE 17.4 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 99.7%
Cons
- The company has delivered a poor sales growth of 6.68% over past five years.
- Company has a low return on equity of 12.6% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Dec 2014 | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,564 | 1,730 | 1,512 | 1,665 | 1,912 | 1,746 | 1,792 | 2,436 | 2,928 | 2,552 | 2,608 | 2,476 | 2,594 | |
| 1,408 | 1,534 | 1,312 | 1,463 | 1,747 | 1,610 | 1,575 | 2,264 | 2,721 | 2,381 | 2,491 | 2,335 | 2,472 | |
| Operating Profit | 156 | 196 | 200 | 202 | 164 | 136 | 217 | 172 | 207 | 171 | 117 | 141 | 122 |
| OPM % | 10% | 11% | 13% | 12% | 9% | 8% | 12% | 7% | 7% | 7% | 4.5% | 6% | 4.7% |
| 29 | 38 | 33 | 37 | 38 | 35 | 23 | 23 | 16 | 17 | 18 | -3 | 6 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 5 | 7 |
| Depreciation | 29 | 46 | 34 | 36 | 41 | 50 | 53 | 53 | 54 | 55 | 55 | 49 | 49 |
| Profit before tax | 154 | 184 | 196 | 199 | 158 | 117 | 183 | 138 | 165 | 128 | 75 | 83 | 73 |
| Tax % | 34% | 35% | 35% | 35% | 35% | 24% | 26% | 26% | 26% | 26% | 26% | 26% | |
| 101 | 120 | 127 | 130 | 102 | 89 | 136 | 103 | 123 | 95 | 55 | 62 | 54 | |
| EPS in Rs | 43.89 | 51.92 | 55.22 | 56.34 | 44.25 | 38.51 | 59.07 | 44.61 | 53.26 | 41.12 | 23.90 | 26.66 | 23.37 |
| Dividend Payout % | 23% | 23% | 23% | 23% | 29% | 34% | 301% | 224% | 50% | 100% | 100% | 99% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 7% |
| 3 Years: | -5% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -11% |
| 3 Years: | -15% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -7% |
| 3 Years: | -19% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 13% |
Balance Sheet
Figures in Rs. Crores
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| Reserves | 474 | 591 | 684 | 779 | 844 | 893 | 816 | 692 | 583 | 558 | 580 | 583 |
| 0 | 0 | 0 | 0 | 0 | 15 | 14 | 17 | 10 | 7 | 29 | 27 | |
| 395 | 310 | 382 | 495 | 463 | 376 | 537 | 634 | 646 | 591 | 612 | 620 | |
| Total Liabilities | 892 | 924 | 1,090 | 1,298 | 1,331 | 1,307 | 1,391 | 1,365 | 1,261 | 1,179 | 1,244 | 1,254 |
| 240 | 221 | 227 | 246 | 251 | 316 | 312 | 317 | 357 | 364 | 367 | 342 | |
| CWIP | 17 | 29 | 31 | 26 | 50 | 15 | 16 | 33 | 61 | 44 | 36 | 30 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 635 | 674 | 831 | 1,025 | 1,029 | 976 | 1,063 | 1,015 | 843 | 771 | 840 | 882 | |
| Total Assets | 892 | 924 | 1,090 | 1,298 | 1,331 | 1,307 | 1,391 | 1,365 | 1,261 | 1,179 | 1,244 | 1,254 |
Cash Flows
Figures in Rs. Crores
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99 | 9 | 168 | 182 | 57 | 65 | 294 | 89 | 112 | 135 | 131 | 112 | |
| 116 | -133 | -12 | -22 | -36 | -96 | 87 | -50 | 91 | -34 | -17 | -6 | |
| -27 | -31 | -37 | -37 | -39 | -45 | -223 | -236 | -241 | -130 | -43 | -65 | |
| Net Cash Flow | 188 | -155 | 120 | 123 | -18 | -76 | 158 | -197 | -38 | -29 | 71 | 41 |
| Free Cash Flow | 51 | -34 | 129 | 132 | -16 | 4 | 250 | 16 | 1 | 80 | 107 | 99 |
| CFO/OP | 100% | 41% | 120% | 128% | 67% | 75% | 159% | 75% | 75% | 102% | 128% | 99% |
Ratios
Figures in Rs. Crores
| Dec 2014 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 34 | 38 | 46 | 46 | 46 | 55 | 38 | 40 | 38 | 40 | 42 |
| Inventory Days | 41 | 42 | 65 | 57 | 46 | 46 | 41 | 63 | 48 | 60 | 54 | 54 |
| Days Payable | 82 | 65 | 101 | 128 | 94 | 82 | 126 | 101 | 80 | 85 | 88 | 96 |
| Cash Conversion Cycle | -15 | 10 | 2 | -25 | -2 | 10 | -29 | -1 | 8 | 14 | 6 | -0 |
| Working Capital Days | -25 | 8 | -0 | -11 | 0 | 9 | -18 | -6 | 1 | 4 | 2 | 1 |
| ROCE % | 34% | 34% | 30% | 27% | 19% | 13% | 21% | 18% | 25% | 22% | 13% | 17% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Export Revenue as % of Turnover % of revenue |
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| Manufacturing Share of Turnover % of sales |
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| Total Workforce (Employees + Workers) count |
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| Tyres Revenue Share % of sales |
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| Energy Intensity per Tonne of Output GJ/tonne |
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| Number of Dealers/Distributors count |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation of publication of Financial Results for the quarter ended June 30, 2026
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Approval Of The Unaudited Financial Results For The Quarter Ended June 30, 2026
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Board Meeting Outcome for Outcome Of The Board Meeting Held On August 12, 2026
- Board approved Q1 FY27 unaudited results on August 12, 2026; profit was Rs.651 lakh.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
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Product Portfolio
The listed entity currently manufactures farm tyres and commercial-truck bias tyres at Ballabgarh. Passenger-car tyres are made by fellow subsidiary GSATPL, Aurangabad, and traded in the replacement market. Tubes and flaps are also sold.[1]