Goodyear India Ltd
₹ 853
0.25%
12 Dec
- 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 ₹ 1,968 Cr.
- Current Price ₹ 853
- High / Low ₹ 1,071 / 806
- Stock P/E 47.4
- Book Value ₹ 249
- Dividend Yield 2.80 %
- 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,546 | 1,564 | 1,730 | 1,512 | 1,665 | 1,912 | 1,746 | 1,792 | 2,436 | 2,928 | 2,552 | 2,608 | 2,487 | |
| 1,407 | 1,408 | 1,534 | 1,312 | 1,463 | 1,747 | 1,610 | 1,575 | 2,264 | 2,721 | 2,381 | 2,491 | 2,391 | |
| Operating Profit | 139 | 156 | 196 | 200 | 202 | 164 | 136 | 217 | 172 | 207 | 171 | 117 | 96 |
| OPM % | 9% | 10% | 11% | 13% | 12% | 9% | 8% | 12% | 7% | 7% | 7% | 4% | 4% |
| 30 | 29 | 38 | 33 | 37 | 38 | 35 | 23 | 23 | 16 | 17 | 18 | 18 | |
| Interest | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 5 |
| Depreciation | 25 | 29 | 46 | 34 | 36 | 41 | 50 | 53 | 53 | 54 | 55 | 55 | 52 |
| Profit before tax | 142 | 154 | 184 | 196 | 199 | 158 | 117 | 183 | 138 | 165 | 128 | 75 | 57 |
| 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 | 42 | |
| 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 | 18.01 |
| 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: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -9% |
| 3 Years: | -19% |
| TTM: | -29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -3% |
| 3 Years: | -9% |
| 1 Year: | -17% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 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 | 552 |
| 0 | 0 | 0 | 0 | 0 | 0 | 15 | 14 | 17 | 10 | 7 | 29 | 28 | |
| 436 | 395 | 310 | 382 | 495 | 463 | 376 | 537 | 634 | 646 | 591 | 612 | 557 | |
| Total Liabilities | 859 | 892 | 924 | 1,090 | 1,298 | 1,331 | 1,307 | 1,391 | 1,365 | 1,261 | 1,179 | 1,244 | 1,159 |
| 210 | 240 | 221 | 227 | 246 | 251 | 316 | 312 | 317 | 357 | 364 | 367 | 357 | |
| CWIP | 32 | 17 | 29 | 31 | 26 | 50 | 15 | 16 | 33 | 61 | 44 | 36 | 29 |
| Investments | 0 | 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 | 773 | |
| Total Assets | 859 | 892 | 924 | 1,090 | 1,298 | 1,331 | 1,307 | 1,391 | 1,365 | 1,261 | 1,179 | 1,244 | 1,159 |
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 | 9 | -18 | -6 | 1 | 4 | 2 |
| ROCE % | 37% | 34% | 34% | 30% | 27% | 19% | 13% | 21% | 18% | 25% | 22% | 13% |
Documents
Announcements
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Board Meeting Outcome for Outcome Of The Board Meeting Held On December 05, 2025
5 Dec - Dec 05, 2025: Goodyear India noted parent retained Farm Tire business after strategic review.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
22 Nov - Newspaper Advertisement for Postal Ballot Notice & e-Voting information
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
21 Nov - Postal ballot to appoint Gajanan V. Gandhe from Jan 1, 2026; approve Rs.6,34,774 one-time reimbursement to CFO.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Nov - Of Newspaper Publication of Financial Results for the quarter and half year ended September 30, 2025
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
6 Nov - Approved unaudited Q2/H1 results; Whole Time Director resigns Dec 31, 2025; new independent director appointed Jan 1, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]