Goodyear India Ltd

Goodyear India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Goodyear India Ltd

₹ 1,210 -4.41%
30 May - close price
goodyear.co.in BSE: 500168 NSE : GOODYEAR
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
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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
375 227 481 514 569 534 698 605 598 819 767 689 653
352 225 408 440 502 489 638 571 565 759 721 645 596
Operating Profit 23 1 73 74 67 45 60 34 34 60 46 44 57
OPM % 6% 1% 15% 14% 12% 8% 9% 6% 6% 7% 6% 6% 9%
8 6 6 5 5 6 6 7 5 4 5 4 4
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 13 13 13 13 13 13 13 13 13 13 13 14 14
Profit before tax 17 -6 65 66 58 36 53 27 23 50 36 33 46
Tax % 26% 25% 25% 26% 26% 25% 25% 27% 25% 25% 25% 26% 26%
Net Profit 13 -4 49 49 43 27 39 19 17 38 27 24 34
EPS in Rs 5.51 -1.95 21.05 21.23 18.74 11.66 16.98 8.43 7.54 16.36 11.75 10.58 14.57
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00 74.00
2.08 2.03 1.73 1.75 0.82 0.77 0.79 0.83 0.92 1.06 1.06 1.02
7.60 7.56 8.15 7.80 7.49 7.44 7.03 7.02 6.85 7.20 7.23 7.32
16.32 16.41 16.12 16.45 17.69 17.79 18.18 18.15 18.23 17.73 17.69 17.64

* 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

Announcements

Annual reports