SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Goodyear India Ltd (GOODYEAR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500168 NSE: GOODYEAR Tyres & Allied | Small Cap | Goodyear India Share Price

₹800.30 44.00 (5.82%)

As on 02-Jul'26 16:59

Goodyear India Ltd (GOODYEAR)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500168 NSE: GOODYEAR Tyres & Allied | Small Cap | Goodyear India Share Price

₹800.30 44.00 (5.82%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,846 Cr.
Current Price
₹800.3
52-Week Low / High
₹660 / 1,071
TTM EPS
₹26.7
TTM Sales
₹2,476 Cr.
Book Value per Share
₹261.6
P/E Ratio
30.02
Higher than its 5-year historical median
Industry PE
22.5
Price to Book (P/B)
3.06
Lower than its 5-year historical median
Price to Sales (P/S)
0.75
Lower than its 5-year historical median
EV/EBITDA
10.10
Lower than its 5-year historical median
Dividend Yield
2.99%
Profitability Efficiency
Return on Equity (ROE)
9.35%
Underperforms industry median
Return on Capital Employed (ROCE)
13.46%
Outperforms industry median
Return on Assets (ROA)
2.90%
Operating Profit Margin
4.5%
Net Profit Margin
2.11%
Gross Profit Margin
4.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.21%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-31.65%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-41.89%
Asset Quality
Promoter Holding
74.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹580 Cr.
Equity
₹23.1 Cr.
Face Value
₹10
All Time Low / High
₹20.70 / 1451.10

Goodyear India stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Goodyear India Ltd a good quality company?
Goodyear India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Goodyear India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Goodyear India Ltd vs industry peers?
Goodyear India Ltd revenue CAGR is 8.36%, compared to the industry median CAGR of 9.77%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Goodyear India Ltd?
Promoters hold 74.00% of the Goodyear India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 How do the current valuation ratios compare with 5-year historical median and industry numbers?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Goodyear India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 33.9%30.2%26.9%19.4%13.6%21.3%18.4%25.7%22.4%13.5%-
Value Creation
Index
1.41.20.90.40.00.50.30.80.60.0-

Growth Parameters

Sales 1,3841,5121,6651,9121,7461,7922,4362,9282,5522,6082,476
Sales YoY Gr.-9.2%10.1%14.9%-8.7%2.6%35.9%20.2%-12.8%2.2%-
Adj EPS 42.155.356.845.238.959.144.953.741.32426.7
YoY Gr.-31.2%2.9%-20.5%-14%52.2%-24.1%19.6%-23%-41.9%-
BVPS (₹) 212305.3346.5374.7395.8362.7308.7261.4250.9260.2261.6
Adj Net
Profit
97.112713110489.713610412495.355.462
Cash Flow from Ops. 7.516818256.665.429489.3112135131-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.3%8.4%2.3%2.2%
Adj EPS -6.1%-9.2%-18.8%-41.9%
BVPS2.3%-8.1%-5.5%3.7%
Share Price 4.2% -6.5% -12.5% -18.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.919.317.412.510.115.513.318.816.19.410.2
Op. Profit
Mgn %
11.513.212.28.87.812.17.17.16.74.55.6
Net Profit
Mgn %
78.47.95.55.17.64.34.23.72.12.5
Debt to
Equity
00000000000
Working Cap
Days
11115417417614514917016017217057
Cash Conv.
Cycle
-51-9-39-3366516

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,7301,5121,6651,9121,7461,7922,4362,9282,5522,608
Operating Expenses + 1,5341,3121,4631,7481,6101,5752,2642,7212,3812,491
Manufacturing Costs786984969997151138138131
Material Costs1,1159511,0791,3231,1921,1781,7412,1881,8401,918
Employee Cost 139121127127140139163171183193
Other Costs 202170174202179162208223220250
Operating Profit 196200201164136217172207171117
Operating Profit Margin (%) 11.3%13.2%12.1%8.6%7.8%12.1%7.1%7.1%6.7%4.5%
Other Income + 38333738352323161718
Exceptional Items 0000000000
Interest 3333434445
Depreciation 47343641505353545555
Profit Before Tax 18419619915811718313816512875
Tax 65686956284736433320
Profit After Tax 120127130102891361031239555
PAT Margin (%) 6.9%8.4%7.8%5.3%5.1%7.6%4.2%4.2%3.7%2.1%
Adjusted EPS (₹)51.955.256.344.238.559.144.653.341.123.9
Dividend Payout Ratio (%)23.10%22.60%23.10%29.40%33.80%301.40%224.20%49.80%99.70%100%

Valuation of Goodyear India - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 614707802867916840715606581603
Share Capital 23232323232323232323
Reserves 591684779844893817692583558580
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables200264378342266405483479427464
Others Liabilities 404482548611125715773824853877
Total Liabilities 1,2181,4541,7291,8211,3071,9601,9711,9091,8611,944

Fixed Assets

Net Fixed Assets +221227246251316312317357364367
Gross Block268306360404517554595677735780
Accumulated Depreciation4679114154202242278320370413
CWIP 29312650151633614436
Investments 0000000000
Inventories128169168167150133301286304286
Trade Receivables159157208243220271250322268283
Cash Equivalents 334453577559546597390163124194
Others Assets 34741650355060631679720757777
Total Assets 1,2181,4541,7291,8211,3071,9601,9711,9091,8611,944

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 9168182576529489112135131
PBT 18419619915811718313816512875
Adjustment 176910243941494953
Changes in Working Capital -1213751-58-38123-51-59-322
Tax Paid -71-71-76-53-37-51-39-42-39-18
Cash Flow From Investing Activity + -133-12-22-36-9687-5091-34-17
Capex -43-38-51-72-62-44-73-111-55-24
Net Investments -123000-6310810190100
Others 3327293729231312117
Cash Flow From Financing Activity + -31-37-37-39-45-223-236-241-130-43
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -3-4-3-3-4-4-4-4-3-3
Dividend Paid -23-27-29-30-30-214-225-230-121-35
Others -5-6-6-6-11-6-7-6-5-6
Net Cash Flow -155120123-18-76158-197-38-2971

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.6719.3617.2812.271015.5713.2918.6816.059.35
ROCE (%)33.9230.2426.8919.3713.5921.3318.4125.7422.3813.46
Asset Turnover Ratio1.591.221.071.081.121.11.241.511.51.51
PAT to CFO Conversion(x)0.081.321.40.560.732.160.860.911.422.38
Working Capital Days
Receivable Days26.6035.5039.1043.1048.505039.1035.7038.2035.10
Inventory Days24.6033.3036.103233.2028.8032.5036.6038.3037.60
Payable Days72.9089108.7099.4093.10104.1093.1080.3089.8084.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Goodyear India Ltd FAQs

The current trading price of Goodyear India on 02-Jul-2026 16:59 is ₹800.3.

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 01-Jul-2026 the market cap of Goodyear India stood at ₹1,846 Cr

The latest P/E ratio of Goodyear India as of 01-Jul-2026 is 30.02.

The latest P/B ratio of Goodyear India as of 01-Jul-2026 is 3.06.

The 52-week high of Goodyear India is ₹1,071 and the 52-week low is ₹660.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goodyear India is ₹2,476 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Goodyear India Ltd is a good quality company.

The key valuation ratios of Goodyear India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Goodyear India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Goodyear India Ltd

Goodyear is present in India since 1922. It is presently working with two plants, one each in Ballabgarh and Aurangabad. The company is engaged in the manufacturing and marketing automotive tyres, tubes and flaps. Automotive tyres include farm, truck and passenger tyres. Other products of the company include tubes/flaps, rubber products and two- and three-wheeler tyres.

Goodyear has a tyre for every type of driving condition. Today's most exciting new cars use wider, lower-profile tyres to enhance both their handling and looks. This type of tyre places a priority on aggressive traction and response. In the past, that meant limited capabilities in poor weather, significant compromises in ride comfort and tread life. Now, a wide range of Goodyear tyres, including the new Eagle ultra-high performance and Excellence radials, deliver outstanding performance, all-season capability, and uncompromised comfort and tyre life.

The Goodyear Tire & Rubber Company started in 1898 when Frank Seiberling purchased the company's first plant using money he borrowed from his brother-in-law. The rubber and cotton had to be transported from halfway around the world, to a landlocked town that had only limited rail transportation. Seiberling named the company after the courageous pioneer Charles Goodyear, the discoverer of vulcanisation. He also determined the distinctive winged-foot trademark that remains a symbolic link with the company's past.

Products of the company

Passenger Tyre 

  • GPS2
  • GT3 
  • Ducaro GDi
  • EAGLE VENTURA 
  • EAGLE NCT 3
  • EAGLE GA PLUS
  • EAGLE NCT 5 
  • EAGLE F1 GSD2
  • EAGLE F1 GSD3  

Light Truck Tyre

  • WRANGLER DT 
  • WRANGLER RT/S 
  • WRANGLER AT/S 
  • WRANGLER AT/R 
  • G28
  • WRANGLER D-SPORT

Truck Tyre

  • Power 2000
  • Power TORQ+
  • HMG 8
  • CT 162 

Farm Tyre 

  • Sampurna 
  • Purna 
  • ASSG 
  • FT195
  • DT195
  • FT195+
  • NRT 

Goodyear Technologies

  • RunOnFlat
  • SilentArmor
  • TripleTred
  • ComforTred

Milestones

  • 1922:  Goodyear tyre and Rubber company Akron, Ohio entered the Indian market.
  • 1961:  Goodyear India's own manufacturing facility was inaugurated in Ballabgarh, 32 km from India’s capital New Delhi .The plant had an investment of $12million and was commissioned within 12 months.
  • 1965:  The Ballabgarh plant was expanded which increased the plant production by 35%
  • 1969-70:  The production increased by nearly 100%
  • 1993:  Goodyear formed a 50-50 joint venture with South- Asian Tyres Ltd. (SATL) at Aurangabad to manufacture state-of-art radial tyres for car and light truck and bias construction tyres for graders and earthmovers.
  • 1996:  The first tyre GPS2 radial Passenger was rolled out from Aurangabad plant
  • 1998:  SATL becomes a fully-owned Goodyear company
  • 1999:  A significant investment of $9.3 million was made in the farm tyre manufacturing process.
  • 2002: Goodyear becomes the first tyre manufacturer to roll out tubeless tyres on Indian roads. In the passenger car segment, Goodyear supplies tyres to many of the leading Original Equipment Manufacturers in India. These include Maruti, Telco, Mahindra & Mahindra, Ford, Fiat and many more. In the farm segment, Goodyear tyres are supplied to all the major tractor manufacturers like PTL, ITL, TAFE, Eicher and Escorts. Similarly, for buses and trucks, vehicles rolling out of the assembly line of the leading OEMs like Telco, Ashok Leyland, and Swaraj Mazda are often seen with Goodyear tyres. Goodyear commands a major market share in the Off The Road (OTR) segment by being a major supplier to Coal India Limited, Escorts, L&T, TISCO and major steel plants of the country.
  • 2004:  A very significant year with three product launches including GT3, Eagle F1 and Ducaro GA.
  • 2006: Launch of branded retail “shop-in-shop” concept -- a part of the company’s strategic initiative in organized tyre retailing, aimed at strengthening its presence in the large tyre replacement market in the country. These outlets offer customers an unmatched tyre purchase experience. Goodyear India rolls out the Excellence series -- a new collection of luxury passenger car tyres. Designed with the ultimate '3 -Zone Technology', and ECO-Sil Silica Tread Compound Technology, the tyre provides superior comfort and precise handling on both wet and dry conditions for premium car drivers.
  • 2009: Goodyear launched DuraPlus. The company has developed this tyre to fit Asian car market that are categorised under A2 and B segment.
  • 2012: Goodyear Named a Thomson Reuters Top 100 Global Innovator
  •          Goodyear Self-Inflating Technology debuts at The Int' Automobil-Ausstellung (Iaa) Commercial Vehicle Show.

 

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: