Goodyear India Ltd

Goodyear India Ltd

₹ 956 0.43%
12 Jun 11:43 a.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 2,205 Cr.
  • Current Price 956
  • High / Low 1,260 / 806
  • Stock P/E 40.0
  • Book Value 261
  • Dividend Yield 2.51 %
  • ROCE 13.0 %
  • ROE 9.31 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 83.2%

Cons

  • The company has delivered a poor sales growth of 8.36% over past five 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

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
598.20 818.97 766.86 689.09 652.59 719.66 690.12 591.40 550.53 691.38 682.25 631.72 602.70
564.68 758.94 720.84 645.22 595.56 655.59 628.79 551.59 545.15 647.05 651.16 607.89 585.36
Operating Profit 33.52 60.03 46.02 43.87 57.03 64.07 61.33 39.81 5.38 44.33 31.09 23.83 17.34
OPM % 5.60% 7.33% 6.00% 6.37% 8.74% 8.90% 8.89% 6.73% 0.98% 6.41% 4.56% 3.77% 2.88%
4.57 4.17 4.69 3.87 3.56 3.70 4.41 5.18 3.68 3.93 4.85 4.71 4.03
Interest 1.44 0.88 1.01 0.86 1.12 1.16 1.14 1.03 0.91 0.95 0.91 1.50 1.32
Depreciation 13.32 12.88 13.48 13.82 13.81 14.02 13.89 13.85 13.53 13.86 13.88 13.77 13.24
Profit before tax 23.33 50.44 36.22 33.06 45.66 52.59 50.71 30.11 -5.38 33.45 21.15 13.27 6.81
Tax % 25.46% 25.18% 25.18% 26.16% 26.39% 25.35% 25.18% 27.40% -21.75% 25.17% 25.58% 28.56% 28.49%
17.39 37.74 27.10 24.41 33.61 39.26 37.94 21.86 -4.21 25.03 15.74 9.48 4.87
EPS in Rs 7.54 16.36 11.75 10.58 14.57 17.02 16.45 9.48 -1.83 10.85 6.82 4.11 2.11
Raw PDF

Profit & Loss

Figures in Rs. Crores

Dec 2013 Dec 2014 Mar 2016 15m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,546 1,564 1,730 1,512 1,665 1,912 1,746 1,792 2,436 2,928 2,552 2,608
1,407 1,408 1,534 1,312 1,463 1,747 1,610 1,575 2,264 2,721 2,381 2,491
Operating Profit 139 156 196 200 202 164 136 217 172 207 171 117
OPM % 9% 10% 11% 13% 12% 9% 8% 12% 7% 7% 7% 4%
30 29 38 33 37 38 35 23 23 16 17 18
Interest 2 3 3 3 3 3 4 3 4 4 4 5
Depreciation 25 29 46 34 36 41 50 53 53 54 55 55
Profit before tax 142 154 184 196 199 158 117 183 138 165 128 75
Tax % 34% 34% 35% 35% 35% 35% 24% 26% 26% 26% 26% 26%
94 101 120 127 130 102 89 136 103 123 95 55
EPS in Rs 40.78 43.89 51.92 55.22 56.34 44.25 38.51 59.07 44.61 53.26 41.12 23.90
Dividend Payout % 22% 23% 23% 23% 23% 29% 34% 301% 224% 50% 100% 100%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 2%
TTM: 2%
Compounded Profit Growth
10 Years: -6%
5 Years: -9%
3 Years: -19%
TTM: -42%
Stock Price CAGR
10 Years: 6%
5 Years: 6%
3 Years: -2%
1 Year: -19%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 15%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 23 23 23 23 23 23 23 23 23 23 23 23
Reserves 400 474 591 684 779 844 893 816 692 583 558 580
0 0 0 0 0 0 15 14 17 10 7 29
436 395 310 382 495 463 376 537 634 646 591 612
Total Liabilities 859 892 924 1,090 1,298 1,331 1,307 1,391 1,365 1,261 1,179 1,244
210 240 221 227 246 251 316 312 317 357 364 367
CWIP 32 17 29 31 26 50 15 16 33 61 44 36
Investments 0 0 0 0 0 0 0 0 0 0 0 0
617 635 674 831 1,025 1,029 976 1,063 1,015 843 771 840
Total Assets 859 892 924 1,090 1,298 1,331 1,307 1,391 1,365 1,261 1,179 1,244

Cash Flows

Figures in Rs. Crores

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
131 99 9 168 182 57 65 294 89 112 135 131
-121 116 -133 -12 -22 -36 -96 87 -50 91 -34 -17
-21 -27 -31 -37 -37 -39 -45 -223 -236 -241 -130 -43
Net Cash Flow -11 188 -155 120 123 -18 -76 158 -197 -38 -29 71

Ratios

Figures in Rs. Crores

Dec 2013 Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 39 26 34 38 46 46 46 55 38 40 38 40
Inventory Days 32 41 42 65 57 46 46 41 63 48 60 54
Days Payable 94 82 65 101 128 94 82 126 101 80 85 88
Cash Conversion Cycle -23 -15 10 2 -25 -2 10 -29 -1 8 14 6
Working Capital Days -28 -25 8 -0 -11 0 10 -18 -5 2 5 2
ROCE % 37% 34% 34% 30% 27% 19% 13% 21% 18% 25% 22% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
0.92% 1.06% 1.06% 1.02% 0.93% 0.74% 0.73% 0.75% 0.74% 0.73% 0.70% 0.59%
6.85% 7.20% 7.23% 7.32% 7.63% 8.06% 8.06% 8.05% 8.05% 8.05% 8.15% 8.08%
18.23% 17.73% 17.69% 17.64% 17.44% 17.20% 17.21% 17.21% 17.21% 17.22% 17.16% 17.32%
No. of Shareholders 48,46646,14445,80846,52045,59545,17445,00145,04945,15044,11844,02844,050

* 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.

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