Goodyear India Ltd
₹ 1,210
-4.41%
30 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 ₹ 2,792 Cr.
- Current Price ₹ 1,210
- High / Low ₹ 1,290 / 929
- Stock P/E 22.7
- Book Value ₹ 263
- Dividend Yield 2.19 %
- 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.
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Quarterly Results
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,489 | 1,461 | 1,546 | 1,564 | 1,730 | 1,512 | 1,665 | 1,912 | 1,746 | 1,792 | 2,436 | 2,928 | |
1,381 | 1,370 | 1,407 | 1,408 | 1,534 | 1,312 | 1,463 | 1,747 | 1,610 | 1,575 | 2,264 | 2,721 | |
Operating Profit | 108 | 91 | 139 | 156 | 196 | 200 | 202 | 164 | 136 | 217 | 172 | 207 |
OPM % | 7% | 6% | 9% | 10% | 11% | 13% | 12% | 9% | 8% | 12% | 7% | 7% |
13 | 21 | 30 | 29 | 38 | 33 | 37 | 38 | 35 | 23 | 23 | 16 | |
Interest | 5 | 4 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
Depreciation | 20 | 24 | 25 | 29 | 46 | 34 | 36 | 41 | 50 | 53 | 53 | 54 |
Profit before tax | 96 | 85 | 142 | 154 | 184 | 196 | 199 | 158 | 117 | 183 | 138 | 165 |
Tax % | 33% | 33% | 34% | 34% | 35% | 35% | 35% | 35% | 24% | 26% | 26% | 26% |
Net Profit | 65 | 56 | 94 | 101 | 120 | 127 | 130 | 102 | 89 | 136 | 103 | 123 |
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 |
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: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | -1% |
3 Years: | 11% |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 2% |
3 Years: | 20% |
1 Year: | 25% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15 | 14 | 17 | 10 | |
382 | 388 | 436 | 395 | 310 | 382 | 495 | 463 | 376 | 537 | 634 | 646 | |
Total Liabilities | 699 | 742 | 859 | 892 | 924 | 1,090 | 1,298 | 1,331 | 1,307 | 1,391 | 1,365 | 1,261 |
190 | 198 | 210 | 240 | 221 | 227 | 246 | 251 | 316 | 312 | 317 | 357 | |
CWIP | 20 | 17 | 32 | 17 | 29 | 31 | 26 | 50 | 15 | 16 | 33 | 61 |
Investments | 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 | |
Total Assets | 699 | 742 | 859 | 892 | 924 | 1,090 | 1,298 | 1,331 | 1,307 | 1,391 | 1,365 | 1,261 |
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 | ||
35 | -178 | -121 | 116 | -133 | -12 | -22 | -36 | -96 | 87 | -50 | ||
-23 | -23 | -21 | -27 | -31 | -37 | -37 | -39 | -45 | -223 | -236 | ||
Net Cash Flow | 96 | -174 | -11 | 188 | -155 | 120 | 123 | -18 | -76 | 158 | -197 |
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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15h - Read with SEBI Circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, please find enclosed Annual Secretarial Compliance Report for the Financial Year ended March 31, 2023, …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15h - Copy of Financial Results for the quarter and Financial Year ended March 31, 2023, approved by the Board at its meeting held on Monday, May …
- Annual General Meeting Of The Company To Be Held On Wednesday, August 02, 2023 Through Video Conferencing / Other Audio-Visual Means (VC / OAVM). 1d
- Fixes Book Closure For Annual General Meeting And Payment Of Dividend 1d
- Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of The SEBI (LODR) Regulations, 2015 1d
Annual reports
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Product Portfolio
It manufactures farm tyres, commercial truck tyres, tubes, and flaps. It trades in “Goodyear'' passenger car tyres (Radial) for Consumer business. It also serves in Passenger Vehicle Segment. [1]
New Products
During FY22, the Co. introduced the first tubeless tyres in India, Run On Flat tyres, and radial farm tyres. [2]