Goodyear India Ltd
GOODYEARGoodyear India Ltd
GOODYEAR
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 40.74 | 4.09 | 3.97% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 38.62 | 6.72 | 0.49% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The company is engaged in the manufacturing and trading of tires, tubes and flaps. The Company supplies tires to a range of original equipment manufacturers (OEMs).
Peers
Compare with peersBalkrishna Industries Ltd
MRF Ltd
Apollo Tyres Ltd
CEAT Ltd
JK Tyre & Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Hmm, looks like data is unavailable here. Please come back after some timeIncome
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,767.99 | 1,544.75 | 1,701.34 | 1,949.60 | 1,780.74 | 1,814.29 | 2,458.89 | 2,943.80 | 2,568.68 | 2,533.20 | ||||||||||
Raw Materials | 1,119.87 | 972.94 | 1,085.28 | 1,319.47 | 1,173.95 | 1,145.59 | 1,898.99 | 2,170.55 | 1,856.19 | 2,394.95 | ||||||||||
| Power & Fuel Cost | 49.48 | 43.71 | 56.64 | 65.99 | 63.03 | 57.12 | 103.07 | 86.86 | 78.35 | |||||||||||
| Employee Cost | 139.45 | 121.26 | 126.97 | 126.66 | 139.64 | 138.84 | 163.16 | 171.11 | 182.80 | |||||||||||
| Selling & Administrative Expenses | 183.76 | 159.90 | 159.47 | 185.81 | 161.62 | 148.42 | 195.91 | 211.61 | 218.87 | |||||||||||
| Operating & Other expenses | 41.42 | 14.23 | 34.66 | 49.50 | 71.59 | 84.98 | -97.48 | 80.43 | 44.91 | |||||||||||
EBITDA | 234.01 | 232.71 | 238.32 | 202.17 | 170.91 | 239.34 | 195.24 | 223.24 | 187.56 | 138.25 | ||||||||||
| Depreciation/Amortization | 46.50 | 33.74 | 36.15 | 41.03 | 50.10 | 52.75 | 52.67 | 53.99 | 55.29 | 55.12 | ||||||||||
| PBIT | 187.51 | 198.97 | 202.17 | 161.14 | 120.81 | 186.59 | 142.57 | 169.25 | 132.27 | 83.13 | ||||||||||
| Interest & Other Items | 3.24 | 3.36 | 2.89 | 3.00 | 3.97 | 3.42 | 4.12 | 3.87 | 4.24 | 3.80 | ||||||||||
| PBT | 184.27 | 195.61 | 199.28 | 158.14 | 116.84 | 183.17 | 138.45 | 165.38 | 128.03 | 79.33 | ||||||||||
| Taxes & Other Items | 64.51 | 68.24 | 69.32 | 56.07 | 28.00 | 46.91 | 35.56 | 42.52 | 33.18 | 20.91 | ||||||||||
| Net Income | 119.76 | 127.37 | 129.96 | 102.07 | 88.84 | 136.26 | 102.89 | 122.86 | 94.85 | 58.42 | ||||||||||
| EPS | 51.92 | 55.22 | 56.34 | 44.25 | 38.51 | 59.07 | 44.61 | 53.26 | 41.12 | 25.33 | ||||||||||
| DPS | 12.00 | 12.50 | 13.00 | 13.00 | 13.00 | 178.00 | 100.00 | 26.50 | 41.00 | 41.00 | ||||||||||
| Payout ratio | 0.23 | 0.23 | 0.23 | 0.29 | 0.34 | 3.01 | 2.24 | 0.50 | 1.00 | 1.62 |
Company Updates
Peers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Goodyear India Ltd | 25.09 | 4.09 | 3.97% |
| Balkrishna Industries Ltd | 37.17 | 6.18 | 0.57% |
| MRF Ltd | 24.32 | 3.03 | 0.17% |
| Apollo Tyres Ltd | 18.11 | 2.24 | 1.22% |
Price Comparison
Compare GOODYEAR with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Goodyear India Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
HDFC Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 5.1722% | Percentage of the fund’s portfolio invested in the stock 0.36% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 40/92 (-2) |
HDFC Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0277% | Percentage of the fund’s portfolio invested in the stock 0.13% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 179/215 (-15) |
HDFC Equity Savings Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4937% | Percentage of the fund’s portfolio invested in the stock 0.22% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 93/110 (-1) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Trend In Dividends
GOODYEAR has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 4.03%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹40.33 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 23, 2024
Dividend/Share
₹15.00
Ex DateEx Date
Jul 23, 2024
Cash Dividend
Ex DateEx DateFeb 12, 2024
Dividend/Share
₹26.00
Ex DateEx Date
Feb 12, 2024
Cash Dividend
Ex DateEx DateJul 26, 2023
Dividend/Share
₹26.50
Ex DateEx Date
Jul 26, 2023
Cash Dividend
Ex DateEx DateJul 22, 2022
Dividend/Share
₹80.00
Ex DateEx Date
Jul 22, 2022
Cash Dividend
Ex DateEx DateJul 22, 2022
Dividend/Share
₹20.00
Ex DateEx Date
Jul 22, 2022
Net profit of Goodyear India declined 58.51% to Rs 15.74 crore in the quarter ended September 2024 as against Rs 37.94 crore during the previous quarter ended September 2023. Sales declined 1.14% to Rs 682.25 crore in the quarter ended September 2024 as against Rs 690.12 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales682.25690.12 -1 OPM %4.568.89 - PBDT35.0364.60 -46 PBT21.1550.71 -58 NP15.7437.94 -59 Powered by Capital Market - Live
Goodyear India will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live
Net profit of Goodyear India declined 36.25% to Rs 25.03 crore in the quarter ended June 2024 as against Rs 39.26 crore during the previous quarter ended June 2023. Sales declined 3.93% to Rs 691.38 crore in the quarter ended June 2024 as against Rs 719.66 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales691.38719.66 -4 OPM %6.418.90 - PBDT47.3166.61 -29 PBT33.4552.59 -36 NP25.0339.26 -36 Powered by Capital Market - Live
Goodyear India will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live
Goodyear India - A Good Bet On Rural Prosperity: HDFC Securities
Goodyear shares skid 4% after management says near-term challenges persist
Goodyear India profit rises 93% to Rs 33.61 crore in March quarter
Siyaram Silk Mills, Goodyear India are HDFC Securities’ top fundamental picks
Goodyear India Q2 net dips 31% to Rs 27 crore
Goodyear India standalone net profit declines 30.80% in the September 2022 quarter
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 5.67%, vs industry avg of 8.67%
Decreasing Market Share
Over the last 5 years, market share decreased from 2.97% to 2.57%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -1.46%, vs industry avg of 18.19%