Goodyear India Ltd

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

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 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
652.59 719.66 690.12 591.40 550.53 691.38 682.25 631.72 602.70 656.22 596.46 606.91 616.28
595.56 655.59 628.79 551.59 545.15 647.05 651.16 607.89 585.36 627.99 569.61 562.80 574.79
Operating Profit 57.03 64.07 61.33 39.81 5.38 44.33 31.09 23.83 17.34 28.23 26.85 44.11 41.49
OPM % 8.74% 8.90% 8.89% 6.73% 0.98% 6.41% 4.56% 3.77% 2.88% 4.30% 4.50% 7.27% 6.73%
3.56 3.70 4.41 5.18 3.68 3.93 4.85 4.71 4.03 4.67 4.54 2.67 -14.94
Interest 1.12 1.16 1.14 1.03 0.91 0.95 0.91 1.50 1.32 1.26 1.30 1.20 1.40
Depreciation 13.81 14.02 13.89 13.85 13.53 13.86 13.88 13.77 13.24 12.68 12.57 12.23 11.82
Profit before tax 45.66 52.59 50.71 30.11 -5.38 33.45 21.15 13.27 6.81 18.96 17.52 33.35 13.33
Tax % 26.39% 25.35% 25.18% 27.40% -21.75% 25.17% 25.58% 28.56% 28.49% 25.58% 25.40% 26.15% 27.31%
33.61 39.26 37.94 21.86 -4.21 25.03 15.74 9.48 4.87 14.11 13.07 24.63 9.69
EPS in Rs 14.57 17.02 16.45 9.48 -1.83 10.85 6.82 4.11 2.11 6.12 5.67 10.68 4.20
Raw PDF

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
Manufacturing Revenue Contribution
%
Temporary/Contractual Workforce
Count
Number of Dealers/Distributors
Count
Farm Segment Volume Growth (YoY)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00% 74.00%
0.93% 0.74% 0.73% 0.75% 0.74% 0.73% 0.70% 0.59% 0.59% 0.41% 0.34% 0.27%
7.63% 8.06% 8.06% 8.05% 8.05% 8.05% 8.15% 8.08% 8.06% 8.03% 8.01% 8.01%
17.44% 17.20% 17.21% 17.21% 17.21% 17.22% 17.16% 17.32% 17.35% 17.56% 17.65% 17.73%
No. of Shareholders 45,59545,17445,00145,04945,15044,11844,02844,05043,90243,02341,94941,688

* 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.

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