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Goodyear India Overview

Goodyear India Ltd is engaged inside the manufacturing and trading of tires, tubes and flaps. It supplies tires to a number of original equipment manufacturers (OEMs). The Company manufactures automotive bias tires, which includes farm tires and commercial truck tires at its Ballabgarh plant. The Company additionally trades in Goodyear branded tires, including radial passenger tires (consumer) and off the road (OTR) bias tires, manufactured by Goodyear South Asia Tires Pvt Ltd (GSATPL), Aurangabad. The different products, which the Company mark...Read More

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Goodyear India Key Financials

Market Cap ₹1810 Cr.

Stock P/E 32.8

P/B 3

Current Price ₹784.6

Book Value ₹ 258.7

Face Value 10

52W High ₹1071

Dividend Yield 3.05%

52W Low ₹ 660

Goodyear India Share Price

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Volume
Price

Goodyear India Quarterly Price

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Goodyear India Peer Comparison

Goodyear India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 690 591 551 691 682 632 603 656 596 607
Other Income 4 5 4 4 5 5 4 5 5 5
Total Income 695 597 554 695 687 636 607 661 601 612
Total Expenditure 629 552 545 647 651 608 585 628 570 565
Operating Profit 66 45 9 48 36 29 21 33 31 47
Interest 1 1 1 1 1 2 1 1 1 1
Depreciation 14 14 14 14 14 14 13 13 13 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 51 30 -5 33 21 13 7 19 18 33
Provision for Tax 13 8 -1 8 5 4 2 5 4 9
Profit After Tax 38 22 -4 25 16 9 5 14 13 25
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 38 22 -4 25 16 9 5 14 13 25
Adjusted Earnings Per Share 16.4 9.5 -1.8 10.8 6.8 4.1 2.1 6.1 5.7 10.7

Goodyear India Profit & Loss

#(Fig in Cr.) Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1583 1730 1512 1665 1912 1746 1792 2436 2928 2552 2608 2462
Other Income 30 38 33 37 38 35 23 23 16 17 18 19
Total Income 1613 1768 1545 1702 1950 1781 1814 2459 2944 2569 2626 2481
Total Expenditure 1427 1534 1312 1463 1748 1610 1575 2264 2721 2381 2491 2348
Operating Profit 185 234 233 238 202 171 239 195 223 188 134 132
Interest 3 3 3 3 3 4 3 4 4 4 5 4
Depreciation 29 47 34 36 41 50 53 53 54 55 55 51
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 154 184 196 199 158 117 183 138 165 128 75 77
Provision for Tax 52 65 68 69 56 28 47 36 43 33 20 20
Profit After Tax 101 120 127 130 102 89 136 103 123 95 55 57
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 101 120 127 130 102 89 136 103 123 95 55 57
Adjusted Earnings Per Share 43.9 51.9 55.2 56.3 44.2 38.5 59.1 44.6 53.3 41.1 23.9 24.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 2% 8% 5%
Operating Profit CAGR -29% -12% -5% -3%
PAT CAGR -42% -19% -9% -6%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -13% -10% -2% 4%
ROE Average 9% 15% 15% 16%
ROCE Average 13% 21% 20% 24%

Goodyear India Balance Sheet

#(Fig in Cr.) Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 497 614 707 802 867 916 840 715 606 581 603
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 262 324 393 461 519 39 607 644 684 716 756
Total Current Liabilities 359 280 353 465 435 352 514 612 620 564 585
Total Liabilities 1118 1218 1454 1729 1821 1307 1960 1971 1909 1861 1944
Fixed Assets 240 221 227 246 251 316 312 317 357 364 367
Other Non-Current Assets 262 346 422 493 574 50 627 690 758 778 786
Total Current Assets 616 651 805 990 995 941 1021 964 794 719 791
Total Assets 1118 1218 1454 1729 1821 1307 1960 1971 1909 1861 1944

Goodyear India Cash Flow

#(Fig in Cr.) Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 43 231 76 196 319 301 225 383 186 148 119
Cash Flow from Operating Activities 99 9 168 182 57 65 294 89 112 135 131
Cash Flow from Investing Activities 116 -133 -12 -22 -36 -96 87 -50 91 -34 -17
Cash Flow from Financing Activities -27 -31 -37 -37 -39 -45 -223 -236 -241 -130 -43
Net Cash Inflow / Outflow 188 -155 120 123 -18 -76 158 -197 -38 -29 71
Closing Cash & Cash Equivalent 231 76 196 319 301 225 383 186 148 119 190

Goodyear India Ratios

# Dec 2014 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 43.88 51.91 55.21 56.33 44.24 38.51 59.06 44.6 53.26 41.11 23.89
CEPS(Rs) 56.24 72.07 69.84 72 62.03 60.23 81.93 67.43 76.66 65.08 47.62
DPS(Rs) 10 12 12.5 13 13 13 178 100 26.5 41 23.9
Book NAV/Share(Rs) 214.18 265.02 305.31 346.54 374.69 395.76 362.74 308.67 261.42 250.86 260.18
Core EBITDA Margin(%) 9.1 10.54 12.28 11.8 8.59 7.78 12.09 7.06 7.07 6.05 4.07
EBIT Margin(%) 9.16 10.08 12.23 11.85 8.43 6.92 10.41 5.85 5.78 4.69 2.77
Pre Tax Margin(%) 8.96 9.91 12.02 11.68 8.27 6.69 10.22 5.68 5.65 4.54 2.6
PAT Margin (%) 5.91 6.44 7.83 7.62 5.34 5.09 7.61 4.22 4.2 3.36 1.92
Cash Profit Margin (%) 7.58 8.94 9.9 9.74 7.48 7.96 10.55 6.39 6.04 5.33 3.83
ROA(%) 9.42 10.25 9.54 8.17 5.75 5.68 8.34 5.24 6.33 5.03 2.9
ROE(%) 22.13 21.67 19.36 17.28 12.27 10 15.57 13.29 18.68 16.05 9.35
ROCE(%) 34.31 33.92 30.24 26.89 19.37 13.59 21.33 18.41 25.74 22.38 13.46
Receivable days 29.56 26.64 35.51 39.1 43.12 48.45 50.01 39.06 35.67 38.19 35.07
Inventory Days 23.7 24.63 33.26 36.08 32.02 33.15 28.83 32.54 36.61 38.25 37.58
Payable days 89.05 72.85 89.01 108.69 99.42 93.12 104.06 93.1 80.26 89.83 84.73
PER(x) 14.29 9.26 15.31 19.74 21.35 15.7 15.09 19.9 20.05 26.81 34.09
Price/Book(x) 2.93 1.81 2.77 3.21 2.52 1.53 2.46 2.88 4.09 4.39 3.13
Dividend Yield(%) 1.59 2.5 1.48 1.17 1.38 2.15 19.97 11.27 2.48 3.72 2.93
EV/Net Sales(x) 0.68 0.45 0.99 1.19 0.85 0.49 0.81 0.68 0.79 0.95 0.65
EV/Core EBITDA(x) 5.84 3.31 6.43 8.34 8.02 4.96 6.1 8.49 10.31 12.9 12.56
Net Sales Growth(%) 0.9 9.32 -12.63 10.11 14.85 -8.7 2.64 35.94 20.19 -12.84 2.21
EBIT Growth(%) 8.91 19.49 6.11 1.61 -20.29 -25.03 54.45 -23.59 18.71 -21.85 -40
PAT Growth(%) 7.62 18.29 6.35 2.03 -21.46 -12.96 53.38 -24.49 19.41 -22.8 -41.89
EPS Growth(%) 7.62 18.29 6.35 2.03 -21.46 -12.96 53.38 -24.49 19.41 -22.8 -41.89
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.71 2.33 2.28 2.13 2.29 2.67 1.99 1.57 1.28 1.27 1.35
Quick Ratio(x) 1.37 1.87 1.8 1.77 1.9 2.25 1.73 1.08 0.82 0.73 0.86
Interest Cover(x) 46.02 57.87 59.22 69.96 53.71 30.43 54.56 34.6 43.73 31.2 16.96
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Goodyear India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74 74 74 74 74 74 74 74 74 74
FII 0.73 0.75 0.74 0.73 0.7 0.59 0.59 0.41 0.34 0.27
DII 8.07 8.05 8.05 8.05 8.05 8.05 8.04 8 7.98 7.98
Public 17.2 17.2 17.2 17.22 17.25 17.35 17.38 17.58 17.68 17.75
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Goodyear India News

Goodyear India Pros & Cons

Pros

  • Debtor days have improved from 89.83 to 84.73days.
  • Company is almost debt free.

Cons

  • The company has delivered a poor profit growth of -9% over past five years.
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