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Goodyear India Ltd share Price Today

Company details

1,255.25
1,304.15
1,165.05
1,451.00
6M Return 19.07%
1Y Return 24.08%
Mkt Cap.(Cr) 2,938.04
Volume 24,143
Div Yield 2.19%
OI
-
OI Chg %
-
Volume 24,143

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About The Stock

    Goodyear India (GIL) is a global tyre manufacturer with presence in India since 1922 and first manufacturing plant commissioned in 1961. The listed entity manufactures farm tyre (tractor) and commercial truck tyres while it trades in passenger car radial tyres (manufactured by sister concern operating in India).

    • FY22 Mix: Manufacturing: ~59%; Trading: ~41%
Q4FY22

    The company posted muted operational performance in Q4FY22

    • Total consolidated operating income was down 1.1% QoQ to ₹598.2 crores
    • EBITDA came at ₹33.5 crores with margins flat QoQ at 5.6%
    • Consolidated PAT at ₹17.4 crores was down 11% QoQ

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Auto Tyres & Rubber Products company Goodyear India announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • The company’s Q2FY24 revenue was Rs 695 crore, lower by 10% YoY.
    • Q2FY24 profit before tax was Rs 51 crore compared to Rs 36 crore in Q2FY23.
    • Profit was higher by 40% YoY due to reduced raw material prices offsetting the lower volume impact.
  • H1FY24:
    • GIL’s total income for H1FY24 was Rs 1,418 crore, lower by 11% from H1FY23.
    • H1FY24 profit before tax was Rs 103 crore compared to Rs 87 crore in H1FY23, an increase of 19% is driven primarily due to reduced Raw material prices offsetting the lower volume impact.
  • As of September 30, 2023, the company had a cash & bank balance of Rs 250 crore compared to Rs 163 crore as of March 31, 2023.
  • During the year, the company paid a dividend of Rs 26.50 per equity share in August 2023 related to FY23, resulting in an outflow of Rs 61 crore.
  • The company has also spent Rs 24 crore in capex during the first half in various expansion and sustaining projects.

Sandeep Mahajan, Chairman & Managing Director of Goodyear India said, “We have increased market share in Consumer Replacement while maintaining our leadership in the Farm segment. We delivered profitable growth of 40% compared to the same period last year, driven by lower raw material cost, coupled with cost-saving initiatives.”

Mahajan added, “Goodyear has been a leader in tire innovation over the last 125 years and has continuously strived to provide top-of-the-line products that align seamlessly with the ever-evolving demands of our customers.”

Result PDF

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Goodyear India Ltd shares SWOT Analysis

Strengths (4)

  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with No Debt
  • Company with Zero Promoter Pledge

Weakness (7)

  • MFs decreased their shareholding last quarter
  • Decline in Quarterly Net Profit (YoY)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (2)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,226.5
R2 1,237.3
R3 1,245.6
Pivot

1,218.22

S1 1,207.5
S2 1,199.2
S3 1,188.4
EMA SMA
1,184.7
1,192.1
1,222.1
1,237.7
1,175.9
1,167.8
1,244.0
1,285.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
2POINT2 CAPITAL ADVISORS LLP Bulk Sell 2020-06-24 799.99 129731 BSE
SBI MUTUAL FUND Bulk Purchase 2020-06-12 711 674367 BSE
SBI MUTUAL FUND Bulk Sell 2020-06-12 711 675094 BSE
Name Category Shares
GOODYEAR ORIENT COMPANY (PRIVATE) LIMITED PROMOTER 74%

OUR RESEARCH VIEW

Investment recommendation
Call Date
21 Jul 2022
Entry Price 1,100.00
Target Price 1,200.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Goodyear India Ltd Stocks COMPARISON

Financials( in Cr) Goodyear India Ltd Balkrishna Industries Ltd MRF Ltd Apollo Tyres Ltd JK Tyre & Industries Ltd
Price 1,273.70 3,043.85 131,039.50 481.65 415.95
% Change -1.66 -0.29 0.68 -0.37 -0.18
Mcap Cr 2,938.04 58,842.80 55,573.85 30,589.64 10,844.81
Revenue TTM Cr 2,927.51 9,759.53 23,008.50 24,568.13 14,644.94
Net Profit TTM Cr 122.86 1,057.40 768.96 1,104.64 264.74
PE TTM 21.14 39.94 26.67 17.22 13.47
1 Year Return 24.08 26.36 37.23 27.05 132.24
ROCE 24.17 14.41 7.77 9.75 10.26
ROE 18.68 14.59 5.35 8.97 9.56
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 605.81 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 36,628.54 -24,386.86
LAST 3M 102,786.44 -29,845.85
LAST 6M 169,824.52 52,410.32
LAST 12M 264,693.58 128,545.97

Goodyear India Ltd Information

Stock PE (TTM)
21.14
Promoter Holding
74%
Book Value
268.6823
ROCE
24.17%
ROE
18.68%
Description
  • GoodYear India Ltd is in the Tyre manufacturing sector is having a market capitalization worth Rs. 2,389.51 crores, it is incorporated in the year 1961. It has reported consolidated sales of Rs. 534.15 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500168, and also listed on the National Stock Exchange (NSE) with the code GOODYEAR.

    Goodyear is mainly involved in the production and marketing of three items, namely, (i) Tyres, (ii) Tubes, and (iii) Flaps. Goodyear has two plants in the country located in Ballabhgarh and Aurangabad. The company mainly focused on three initiatives during the year as a part of its CSR. The company supplied Health Equipment and PPE kits to support government hospitals in Faridabad. Apart from this, the company installed 22 Wind Augmentation Purifying Units (WAYU). The company has supported two girls’ schools in Faridabad to enhance the quality and accessibility of education. Goodyear’s employee counts at the end of FY 20-21 stood at 927. The promoters of the company own 74.0% of the stake in the company, Foreign Institutional Investors (FII) own 0.82% of the stake, Domestic Institutional Investors (DII) own 7.49%, and others (such as public & retail investors) hold the balance of 17.7%.

    In June 2021, quarterly net revenue was Rs. 534.15 crores, which has increased by approximately 135.18 % from Rs. 226.93 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 26.89 crores, which has improved sharply and increased by nearly 698.89% from a net loss of Rs. 4.49 crores in June 2020. In June 2021, the reported operating profit was at Rs. 462.96 crores, which is increased by 146.09% as compared to an operating profit of Rs. 188.13 crores for the quarter ending in June 2020. From a negative EPS of Rs. 1.95 in June 2020, the EPS of GoodYear India Ltd has improved and reached an EPS of Rs. 11.66 per share in June 2021. GOODYEAR's stock closed at Rs. 1,035.90 on 27th August’2021 (NSE). GoodYear India Ltd has returned 6.96% in the last six months and returned 22.43% positively in the previous year.

Registered Address

Mathura Road, Ballabgarh, Faridabad, Haryana, 121004

Tel : 91-129-6611000
Email : goodyearindia_investorcell:goodyear.com
Website : http://www.goodyear.co.in
Registrar

Skyline Financial Services Pvt

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500168
NSE Code : GOODYEAR
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE533A01012

FAQ’s on Goodyear India Ltd Shares

You can buy Goodyear India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Goodyear India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 25, 2023 03:56 PM the closing price of Goodyear India Ltd was Rs.1,273.70.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of Oct 25, 2023 03:56 PM, the market cap of Goodyear India Ltd stood at Rs. 2,938.04.

The latest PE ratio of Goodyear India Ltd as of Oct 25, 2023 03:56 PM is 21.14

The latest PB ratio of Goodyear India Ltd as of Oct 25, 2023 03:56 PM is 0.21

The 52-week high of Goodyear India Ltd share price is Rs. 1,451.00 while the 52-week low is Rs. 1,165.05

According to analyst recommendations, Goodyear India Ltd Share has a "Buy" rating for the long term.

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