Goodyear India Ltd
₹ 736
-1.80%
29 May
- 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 ₹ 1,699 Cr.
- Current Price ₹ 736
- High / Low ₹ 1,071 / 660
- Stock P/E 22.3
- Book Value ₹ 263
- Dividend Yield 3.25 %
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,564 | 1,730 | 1,512 | 1,665 | 1,912 | 1,746 | 1,792 | 2,436 | 2,928 | 2,552 | 2,608 | 2,476 | |
| 1,408 | 1,534 | 1,312 | 1,463 | 1,747 | 1,610 | 1,575 | 2,264 | 2,721 | 2,381 | 2,491 | 2,335 | |
| Operating Profit | 156 | 196 | 200 | 202 | 164 | 136 | 217 | 172 | 207 | 171 | 117 | 141 |
| OPM % | 10% | 11% | 13% | 12% | 9% | 8% | 12% | 7% | 7% | 7% | 4% | 6% |
| 29 | 38 | 33 | 37 | 38 | 35 | 23 | 23 | 16 | 17 | 18 | -3 | |
| Interest | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 5 |
| Depreciation | 29 | 46 | 34 | 36 | 41 | 50 | 53 | 53 | 54 | 55 | 55 | 49 |
| Profit before tax | 154 | 184 | 196 | 199 | 158 | 117 | 183 | 138 | 165 | 128 | 75 | 83 |
| 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 | |
| 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 |
| 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: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -11% |
| 3 Years: | -15% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -5% |
| 3 Years: | -15% |
| 1 Year: | -22% |
| 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 | ||
| 116 | -133 | -12 | -22 | -36 | -96 | 87 | -50 | 91 | -34 | -17 | ||
| -27 | -31 | -37 | -37 | -39 | -45 | -223 | -236 | -241 | -130 | -43 | ||
| Net Cash Flow | 188 | -155 | 120 | 123 | -18 | -76 | 158 | -197 | -38 | -29 | 71 | |
| Free Cash Flow | 51 | -34 | 129 | 132 | -16 | 4 | 250 | 16 | 1 | 80 | 107 | |
| CFO/OP | 100% | 41% | 120% | 128% | 67% | 75% | 159% | 75% | 75% | 102% | 128% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Capital Expenditure (Capex) INR Lakhs |
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| Total Employee Count (Permanent) Count |
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| Manufacturing Revenue Contribution % |
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| Temporary/Contractual Workforce Count |
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| Number of Dealers/Distributors Count |
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| Farm Segment Volume Growth (YoY) % |
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Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15h - Annual Secretarial Compliance Report for FY ended March 31, 2026; no material non-compliances reported.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20h - Intimation of publication of Financial Results for the quarter and Financial Year ended March 31, 2026
- Corporate Action-Board approves Dividend 1d
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Board approved FY26 results, Rs 26.50 dividend, AGM on Aug 12, and appointed Rohitashv Sharma WTD from Jun 1.
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The Annual General Meeting Of The Company To Be Held On Wednesday, August 12, 2026, Through Video Conferencing / Other Audio-Visual Means (VC / OAVM).
1d - FY26 results approved; Rs26.50 dividend recommended; AGM on Aug 12; Rohitashv Sharma appointed Whole Time Director.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2011
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Financial Year 2010
from bse
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]