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Goodyear India Ltd share Price

Company details

6M Return 23.17%
1Y Return 30.15%
Mkt Cap.(Cr) 3,030.77
Volume 11,976
Div Yield 2.01%
OI Chg %
Volume 11,976

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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%

    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 Q1FY24 results:

  • Revenue in Q1FY24 is Rs 723 crore, compared to Rs 823 crore in Q1FY23, down 12% YoY.
  • Profit before tax at Rs 53 crore in Q1FY24 compared to Rs 50 crore in Q1FY23, registering 4% growth YoY.
  • As of June 30, 2023, the company had a cash & bank balance of Rs 311 crore. In comparison, the company had Rs 163 crore cash as of March 31, 2023.

Sandeep Mahajan, Chairman & Managing Director, Goodyear India said, “We have sustained our leadership in farm while increasing market share in consumer replacement. We registered a profit growth of 4% YoY despite lower volumes, due to subdued industry and index-based price reduction to OEMs. The company simultaneously benefited from decreasing raw material prices and lower overheads to deliver profit growth.

While the current economic environment remains challenging, we expect the industry to bounce back, especially in the light of good monsoon which should help stimulate the rural demand. The long-term growth prospect of India remains intact. A noticeable shift in customer preference is evident, as they gravitate towards larger and more powerful vehicles, which will drive premium categories and provide an opportunity for mix up of our portfolio”.

“I am pleased to share that in 2023 we are celebrating 125 years of Goodyear’s global presence. It is with this historic milestone that we find pride in all that we have accomplished, and we look forward to the future with strong conviction. India is a key driver for Goodyear’s future growth, and we are committed to expanding our presence in the Indian market. We continue to focus on building a “Best in Class” organization with a strong culture around “Trust, Transparency & Meritocracy”, added Sandeep Mahajan.


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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Goodyear India Ltd Stocks COMPARISION


Equity Capital: 605.81 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45

Goodyear India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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

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AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500168
Book Closure Date (Month) :
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 04, 2023 03:57 PM the closing price of Goodyear India Ltd was ₹ 1,313.90.

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 04, 2023 03:57 PM, the market cap of Goodyear India Ltd stood at ₹ 3,030.77.

The latest PE ratio of Goodyear India Ltd as of Oct 04, 2023 03:57 PM is 24.46

The latest PB ratio of Goodyear India Ltd as of Oct 04, 2023 03:57 PM is 0.20

The 52-week high of Goodyear India Ltd is ₹ 1,451.00 while the 52-week low is ₹ 1,005.10

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

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