Goodyear India Ltd

Goodyear India Ltd

₹ 1,224 1.32%
21 May 12:59 p.m.
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

Product Portfolio
The Company manufactures and sells automotive tyres viz. farm tyres and commercial truck tyres, it also markets and sells passenger car tyres. Other products which the company markets and sells include tubes and flaps. [1]

  • Market Cap 2,824 Cr.
  • Current Price 1,224
  • High / Low 1,451 / 1,100
  • Stock P/E 21.3
  • Book Value 270
  • Dividend Yield 2.17 %
  • ROCE 25.1 %
  • ROE 18.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 192%

Cons

* 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.

Peer comparison

Sector: Tyres Industry: Tyres

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
514 569 534 698 605 598 819 767 689 653 720 690 591
440 502 489 638 571 565 759 721 645 596 656 629 552
Operating Profit 74 67 45 60 34 34 60 46 44 57 64 61 40
OPM % 14% 12% 8% 9% 6% 6% 7% 6% 6% 9% 9% 9% 7%
5 5 6 6 7 5 4 5 4 4 4 4 5
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 13 13 13 13 13 13 13 13 14 14 14 14 14
Profit before tax 66 58 36 53 27 23 50 36 33 46 53 51 30
Tax % 26% 26% 25% 25% 27% 25% 25% 25% 26% 26% 25% 25% 27%
49 43 27 39 19 17 38 27 24 34 39 38 22
EPS in Rs 21.23 18.74 11.66 16.98 8.43 7.54 16.36 11.75 10.58 14.57 17.02 16.45 9.48
Raw PDF
Upcoming result date: 27 May 2024

Profit & Loss

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,489 1,461 1,546 1,564 1,730 1,512 1,665 1,912 1,746 1,792 2,436 2,928 2,654
1,381 1,370 1,407 1,408 1,534 1,312 1,463 1,747 1,610 1,575 2,264 2,721 2,432
Operating Profit 108 91 139 156 196 200 202 164 136 217 172 207 222
OPM % 7% 6% 9% 10% 11% 13% 12% 9% 8% 12% 7% 7% 8%
13 21 30 29 38 33 37 38 35 23 23 16 17
Interest 5 4 2 3 3 3 3 3 4 3 4 4 4
Depreciation 20 24 25 29 46 34 36 41 50 53 53 54 56
Profit before tax 96 85 142 154 184 196 199 158 117 183 138 165 179
Tax % 33% 33% 34% 34% 35% 35% 35% 35% 24% 26% 26% 26%
65 56 94 101 120 127 130 102 89 136 103 123 133
EPS in Rs 28.00 24.42 40.78 43.89 51.92 55.22 56.34 44.25 38.51 59.07 44.61 53.26 57.52
Dividend Payout % 25% 29% 22% 23% 23% 23% 23% 29% 34% 301% 224% 50%
Compounded Sales Growth
10 Years: 7%
5 Years: 12%
3 Years: 19%
TTM: -8%
Compounded Profit Growth
10 Years: 8%
5 Years: -1%
3 Years: 11%
TTM: 24%
Stock Price CAGR
10 Years: 11%
5 Years: 5%
3 Years: 9%
1 Year: -2%
Return on Equity
10 Years: 16%
5 Years: 14%
3 Years: 16%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 293 331 400 474 591 684 779 844 893 816 692 583 600
0 0 0 0 0 0 0 0 15 14 17 10 7
382 388 436 395 310 382 495 463 376 537 634 646 672
Total Liabilities 699 742 859 892 924 1,090 1,298 1,331 1,307 1,391 1,365 1,261 1,302
190 198 210 240 221 227 246 251 316 312 317 357 359
CWIP 20 17 32 17 29 31 26 50 15 16 33 61 55
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
489 527 617 635 674 831 1,025 1,029 976 1,063 1,015 843 889
Total Assets 699 742 859 892 924 1,090 1,298 1,331 1,307 1,391 1,365 1,261 1,302

Cash Flows

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
84 26 131 99 9 168 182 57 65 294 89 112
35 -178 -121 116 -133 -12 -22 -36 -96 87 -50 91
-23 -23 -21 -27 -31 -37 -37 -39 -45 -223 -236 -241
Net Cash Flow 96 -174 -11 188 -155 120 123 -18 -76 158 -197 -38

Ratios

Figures in Rs. Crores

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 32 39 39 26 34 38 46 46 46 55 38 40
Inventory Days 28 35 32 41 42 65 57 46 46 41 63 48
Days Payable 83 87 94 82 65 101 128 94 82 126 101 80
Cash Conversion Cycle -23 -14 -23 -15 10 2 -25 -2 10 -29 -1 8
Working Capital Days -31 -22 -28 -25 8 -0 -11 0 10 -18 -5 2
ROCE % 35% 26% 37% 34% 34% 30% 27% 19% 13% 21% 18% 25%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
0.82% 0.77% 0.79% 0.83% 0.92% 1.06% 1.06% 1.02% 0.93% 0.74% 0.73% 0.75%
7.49% 7.44% 7.03% 7.02% 6.85% 7.20% 7.23% 7.32% 7.63% 8.06% 8.06% 8.05%
17.69% 17.79% 18.18% 18.15% 18.23% 17.73% 17.69% 17.64% 17.44% 17.20% 17.21% 17.21%
No. of Shareholders 36,48144,58846,95047,42448,46646,14445,80846,52045,59545,17445,00145,049

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents