Goodyear India

Why is Goodyear India Ltd falling/rising?

As of 23-Jun, Goodyear India Ltd's stock price is rising to 765.15, driven by strong financial performance and increased investor participation. Despite a long-term decline, recent positive indicators, including a net-debt-free status and significant profit growth, have led to this upward movement.

As of 23-Jun, Goodyear India Ltd's stock price is rising, currently at 765.15, with a change of 2.3 (0.3%) upward. This increase can be attributed to several factors. The stock has outperformed its sector by 0.73% today and has shown a consecutive gain over the last two days, rising by 2.04% during this period. Additionally, the stock's delivery volume has increased by 7.53% against the 5-day average, indicating rising investor participation.<BR><BR>Financially, the company is net-debt free and has reported positive results, with a profit before tax (PBT) growth of 86.2% compared to the previous four-quarter average. The profit after tax (PAT) for the latest six months is also higher at Rs 50.17 crore. Furthermore, the stock is trading at a fair valuation, with a price-to-book value of 2.9, and has a high dividend yield of 3.13% at the current price.<BR><BR>Despite the stock's long-term underperformance, as evidenced by a -16.84% return over the past year and a consistent decline in operating profit over the last five years, the recent positive financial indicators and increased investor interest have contributed to the current rise in stock price.

Which are the latest news on Goodyear India?

How big is Goodyear India?

As of 10th June, Goodyear India Ltd has a market capitalization of 1,698.00 Cr, with recent net sales of 2,475.87 Cr and a net profit of 61.50 Cr. The company's shareholder's funds are 602.95 Cr and total assets amount to 1,243.71 Cr.

As of 10th June, Goodyear India Ltd has a market capitalization of 1,698.00 Cr, categorizing it as a Small Cap company.<BR><BR>In the latest four quarters, Goodyear India reported Net Sales of 2,475.87 Cr and a Net Profit of 61.50 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 602.95 Cr and Total Assets of 1,243.71 Cr.

Who are in the management team of Goodyear India?

The management team of Goodyear India includes Sandeep Mahajan (Chairman & Managing Director), Manish Manakchand Mundra (Whole Time Director & CFO), Anup Karnwal (Company Secretary), Nicole Amanda Nuttall (Director), and independent directors Sudha Ravi, Rajiv Lochan Jain, and Rajeev Kher. This diverse team provides strong leadership and expertise to the company.

The management team of Goodyear India includes the following members:<BR><BR>1. **Sandeep Mahajan** - Chairman & Managing Director<BR>2. **Manish Manakchand Mundra** - Whole Time Director & CFO<BR>3. **Anup Karnwal** - Company Secretary & Compliance Officer<BR>4. **Nicole Amanda Nuttall** - Director<BR>5. **Sudha Ravi** - Independent Director<BR>6. **Rajiv Lochan Jain** - Independent Director<BR>7. **Rajeev Kher** - Independent Director<BR><BR>This team brings a mix of leadership and expertise to the company. If you need more details about their roles or contributions, feel free to ask!

Who are the peers of the Goodyear India?

Goodyear India's peers include Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries, TVS Srichakra, and others. In terms of management risk, Goodyear and Balkrishna have excellent ratings, while its 1-year return is -24.11%, better than Indag Rubber's -42.26%.

Peers: The peers of Goodyear India are Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, TVS Srichakra, Megamont, Tolins Tyres, Modi Rubber, and Indag Rubber.<BR><BR>Quality Snapshot: Excellent management risk is observed at Balkrishna Inds and Goodyear India, while Average management risk is found at Apollo Tyres, TVS Srichakra, Indag Rubber, and the rest. Good management risk is noted at CEAT, JK Tyre & Indust, and the rest. Below Average management risk is present at Modi Rubber. Growth is classified as Good for Apollo Tyres and CEAT, Average for JK Tyre & Indust, and Below Average for Balkrishna Inds, Goodyear India, TVS Srichakra, Modi Rubber, and the rest. Excellent capital structure is seen at Balkrishna Inds and Goodyear India, Good at Apollo Tyres and Indag Rubber, Average at CEAT, and Below Average at JK Tyre & Indust, TVS Srichakra, Modi Rubber, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Megamont at 481.77%, while the lowest is Indag Rubber at -42.26%. Goodyear India's 1-year return is -24.11%, which is higher than Indag Rubber's but lower than the rest. Additionally, peers with a negative six-month return include Balkrishna Inds, Apollo Tyres, JK Tyre & Indust, TVS Srichakra, Goodyear India, Tolins Tyres, and Indag Rubber.

What does Goodyear India do?

Goodyear India Ltd is a manufacturer of tyres and rubber goods for the automobile industry, with a market cap of INR 1,698 Cr and reported net sales of 616 Cr and net profit of 10 Cr for March 2026. The company has a P/E ratio of 22.00 and a dividend yield of 3.26%.

Overview: <BR>Goodyear India Ltd is a manufacturer of tyres and rubber goods for the automobile industry, operating in the Small Cap market within the Tyres & Rubber Products sector.<BR><BR>History: <BR>Goodyear India Ltd was incorporated as 'Goodyear Tire and Rubber Company (India) Limited' and acquired its current name in 1961 when it became a public limited company. The latest quarterly results reported net sales and net profit for March 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 616 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: 10 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 1,698 Cr (Small Cap)<BR><BR>Key Metrics: <BR>P/E: 22.00 <BR>Industry P/E: 19 <BR>Dividend Yield: 3.26% <BR>Debt-Equity: -0.34 <BR>Return on Equity: 12.76% <BR>Price to Book: 2.79 <BR><BR>Contact Details: <BR>Address: Mathura Road, Ballabgarh Faridabad Haryana : 121004 <BR>Tel: 91-129-6611000 <BR>Email: goodyearindia_investorcell@goodyear <BR>Website: http://www.goodyear.co.in

Should I buy, sell or hold Goodyear India Ltd?

Are Goodyear India Ltd latest results good or bad?

Goodyear India Ltd's latest results show a 98.97% year-on-year increase in net profit to ₹9.69 crores, but a concerning 60.65% decline from the previous quarter. While revenue grew modestly, profitability metrics have worsened, indicating potential challenges ahead for the company.

Goodyear India Ltd's latest results present a mixed picture. In Q4 FY26, the company reported a net profit of ₹9.69 crores, which is a significant year-on-year increase of 98.97%. However, this figure represents a sharp decline of 60.65% compared to the previous quarter. <BR><BR>On the revenue side, net sales reached ₹616.28 crores, showing a modest growth of 2.25% year-on-year and a slight increase of 1.54% quarter-on-quarter. While this indicates some stabilization in demand, the profitability metrics are concerning. The operating margin, although improved year-on-year to 6.73%, fell by 54 basis points from the previous quarter, signaling ongoing challenges in maintaining profitability.<BR><BR>Overall, while the year-on-year growth in net profit is a positive sign, the significant quarter-on-quarter decline raises questions about the sustainability of earnings. The company is facing operational headwinds, and the current valuation appears increasingly difficult to justify given these deteriorating profitability metrics. Investors should be cautious and monitor how the company addresses these challenges moving forward.

When is the next results date for Goodyear India Ltd?

The next results date for Goodyear India Ltd is 28 May 2026.

The next results date for Goodyear India Ltd is scheduled for 28 May 2026.

Is Goodyear India technically bullish or bearish?

As of December 4, 2025, Goodyear India is in a mildly bearish trend, indicated by bearish MACD signals and Bollinger Bands on both weekly and monthly charts, despite a bullish RSI on the weekly time frame.

As of 4 December 2025, the technical trend for Goodyear India has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by bearish signals from the MACD on both weekly and monthly time frames. The Bollinger Bands also indicate a mildly bearish trend on both weekly and monthly charts. Although the RSI is bullish on the weekly time frame, the overall sentiment is dampened by the Dow Theory and KST, both showing bearish signals on the weekly and monthly time frames. Daily moving averages are mildly bullish, but this is not strong enough to counter the prevailing bearish indicators. Overall, the strength of the bearish stance is moderate, reflecting recent underperformance against the Sensex across multiple time frames.

How has been the historical performance of Goodyear India?

Goodyear India's historical performance has shown fluctuating net sales and profits, peaking at INR 2,927.51 crore in March 2023 before declining to INR 2,608.05 crore in March 2025, with operating profit and net profits also decreasing significantly during this period. Despite these declines, cash flow from operations improved slightly to INR 131 crore in March 2025.

Answer:<BR>The historical performance of Goodyear India shows a fluctuating trend in net sales and profits over the years, with a notable decline in recent periods.<BR><BR>Breakdown:<BR>Goodyear India's net sales increased from INR 2,435.68 crore in March 2022 to INR 2,608.05 crore in March 2025, although it peaked at INR 2,927.51 crore in March 2023 before declining. The total operating income followed a similar pattern, reaching a high of INR 2,927.51 crore in March 2023 and then decreasing to INR 2,608.05 crore in March 2025. The company's operating profit (PBDIT) also saw a decline from INR 239.34 crore in March 2021 to INR 134.11 crore in March 2025, reflecting a decrease in operating profit margin from 12.1% to 4.47% over the same period. Profit before tax decreased from INR 183.17 crore in March 2021 to INR 74.68 crore in March 2025, while profit after tax dropped from INR 136.26 crore to INR 55.12 crore. The company's total assets decreased from INR 1,390.60 crore in March 2021 to INR 1,243.71 crore in March 2025, with total liabilities also declining from INR 1,390.60 crore to INR 1,243.71 crore. Cash flow from operating activities showed a slight increase to INR 131 crore in March 2025, while net cash inflow improved to INR 70 crore, indicating some recovery in cash management despite the overall decline in profitability.

Is Goodyear India overvalued or undervalued?

As of July 24, 2025, Goodyear India is considered very expensive and overvalued with a PE ratio of 41.05 and a current price of 980.90, especially compared to its peers like MRF and Apollo Tyres, while also underperforming the market with a year-to-date return of -2.38%.

As of 24 July 2025, the valuation grade for Goodyear India has moved from expensive to very expensive. The company is currently overvalued based on its financial ratios, with a PE ratio of 41.05, a Price to Book Value of 3.75, and an EV to EBITDA of 17.99. In comparison to its peers, MRF has a PE ratio of 34.15 and an EV to EBITDA of 15.62, while Apollo Tyres is more attractively valued with a PE ratio of 23.45 and an EV to EBITDA of 9.14.<BR><BR>The company's recent stock performance has been underwhelming, with a year-to-date return of -2.38%, contrasting sharply with the Sensex's gain of 5.18% during the same period. Given the high valuation metrics and the performance relative to peers and the broader market, Goodyear India appears to be overvalued at its current price of 980.90.

Who are the top shareholders of the Goodyear India?

The top shareholders of Goodyear India are Goodyear Orient Company (Private) Limited, holding 74.0%, and HDFC Small Cap Fund, the largest public shareholder with 6.75%. Individual investors own about 13.08%, while foreign institutional investors hold approximately 0.59%.

The top shareholders of Goodyear India include Goodyear Orient Company (Private) Limited, which holds a significant 74.0% of the shares, making it the largest promoter. Additionally, HDFC Small Cap Fund is the highest public shareholder with a holding of 6.75%. The company also has individual investors holding approximately 13.08% of the shares, while foreign institutional investors (FIIs) collectively hold about 0.59% through 24 different entities. There are no pledged promoter holdings reported.

Has Goodyear India declared dividend?

Goodyear India Ltd has declared a 150% dividend, amounting to ₹15 per share, with an ex-date of July 23, 2024. While the dividend yield is 1.62%, total returns have been mixed, showing negative performance in the short term but positive returns over the longer term.

Goodyear India Ltd has declared a 150% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 150%<BR>- Amount per share: 15<BR>- Ex-date: 23 Jul 24<BR><BR>Dividend Yield: 1.62%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -9.35%, with a dividend return of 0%, resulting in a total return of -9.35%.<BR><BR>Over the past year, the price return was -18.77%, the dividend return was 1.29%, leading to a total return of -17.48%.<BR><BR>In the last 2 years, the price return was -22.26%, the dividend return was 5.64%, culminating in a total return of -16.62%.<BR><BR>For the 3-year period, the price return was -7.82%, with a dividend return of 14.63%, resulting in a total return of 6.81%.<BR><BR>In the past 4 years, the price return was -4.71%, the dividend return was 15.34%, leading to a total return of 10.63%.<BR><BR>Over the last 5 years, the price return was 25.31%, with a dividend return of 33.28%, resulting in a total return of 58.59%.<BR><BR>Overall, while Goodyear India has declared a significant dividend, the total returns over various periods show a mixed performance, with negative returns in the shorter terms but positive returns over the longer term. The dividend yield indicates a modest return from dividends relative to the stock price.