Goodyear India

Why is Goodyear India Ltd falling/rising?

As of 10-Jun, Goodyear India Ltd's stock price is rising today, but it has underperformed over the long term with a -22.79% return in the past year. Strong profit growth and fair valuation may attract investors, though declining participation poses risks to sustained price increases.

As of 10-Jun, Goodyear India Ltd's stock price is currently rising, as indicated by a change of 1.85 (0.25%) upwards. This increase comes despite a broader trend of underperformance over the longer term, with the stock having generated a return of -22.79% over the past year and -38.23% over the last three years, significantly lagging behind the benchmark Sensex.<BR><BR>Today's performance shows that the stock has outperformed its sector by 0.71%, which may contribute to the positive movement in its price. Additionally, the company has reported strong financial results, with a profit before tax (PBT) growth of 86.2% and a profit after tax (PAT) growth of 65.9% compared to the previous four-quarter average. This growth in profits, despite the stock's price decline, indicates a potential for recovery and may attract investors.<BR><BR>Moreover, the stock is trading at a fair valuation with a price-to-book value of 2.8, and it has a high dividend yield of 3.26%, which can also support investor interest. However, it is important to note that there has been a significant drop in investor participation, with delivery volume falling by 74.89% against the five-day average, which could pose a risk to sustained price increases.<BR><BR>In summary, while Goodyear India Ltd is experiencing a rise in its stock price today, this is juxtaposed against a backdrop of long-term underperformance and declining investor participation.

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.

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.

Who are in the management team of Goodyear India?

As of March 2023, the management team of Goodyear India includes Sandeep Mahajan (Chairman & Managing Director), Manish Manakchand Mundra (Whole Time Director & CFO), and several independent directors, including Sudha Ravi and Rajiv Lochan Jain. They oversee the company's operations and strategic direction.

As of March 2023, the management team of Goodyear India includes the following individuals:<BR><BR>1. Sudha Ravi - Independent Director<BR>2. Rajiv Lochan Jain - Independent Director<BR>3. Nicole Amanda Nuttall - Director<BR>4. Rajeev Kher - Independent Director<BR>5. Sandeep Mahajan - Chairman & Managing Director<BR>6. Manish Manakchand Mundra - Whole Time Director & CFO<BR>7. Anup Karnwal - Company Secretary & Compliance Officer<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

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.

Who are the peers of the Goodyear India?

Goodyear India's peers include MRF, Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries, Tolins Tyres, Indag Rubber, Modi Rubber, and Dolfin Rubbers. In terms of management risk, growth, and capital structure, Goodyear India ranks average to good, with a 1-year return of -18.73%.

Peers: The peers of Goodyear India are MRF, Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, Tolins Tyres, Indag Rubber, Modi Rubber, and Dolfin Rubbers.<BR><BR>Quality Snapshot: Excellent management risk is observed at MRF and Balkrishna Inds, while Good management risk is found at Apollo Tyres, CEAT, JK Tyre & Indust, Goodyear India, and Dolfin Rubbers, and Average management risk is present at Tolins Tyres and Indag Rubber. Growth is Excellent at Apollo Tyres, Good at MRF, CEAT, and Tolins Tyres, Average at Balkrishna Inds, JK Tyre & Indust, and Indag Rubber, and Below Average at Goodyear India, Modi Rubber, and Dolfin Rubbers. Excellent capital structure is noted at MRF and Goodyear India, while Excellent capital structure is found at Balkrishna Inds, Good at Apollo Tyres, Tolins Tyres, and Indag Rubber, Average at CEAT, and Below Average at JK Tyre & Indust, Modi Rubber, and Dolfin Rubbers.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Modi Rubber at 36.90%, while Balkrishna Inds has the lowest at -19.77%. Goodyear India's 1-year return is -18.73%, which is higher than Balkrishna Inds but lower than Modi Rubber. Additionally, several peers, including JK Tyre & Indust, Balkrishna Inds, and Indag Rubber, have negative six-month returns.