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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

₹824.25 -0.95 (-0.12%)

As on 24-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

₹824.25 -0.95 (-0.12%)

As on 24-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,901 Cr.
Current Price
₹824.3
52-Week Low / High
₹660 / 1,022
TTM EPS
₹26.7
TTM Sales
₹2,476 Cr.
Book Value per Share
₹261.6
P/E Ratio
30.91
Higher than its 5-year historical median
Industry PE
21.3
Price to Book (P/B)
3.15
Lower than its 5-year historical median
Price to Sales (P/S)
0.77
Lower than its 5-year historical median
EV/EBITDA
10.45
Lower than its 5-year historical median
Dividend Yield
3.22%
Profitability Efficiency
Return on Equity (ROE)
10.22%
Underperforms industry median
Return on Capital Employed (ROCE)
14.67%
Outperforms industry median
Return on Assets (ROA)
3.14%
Operating Profit Margin
5.7%
Net Profit Margin
2.48%
Gross Profit Margin
5.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-5.07%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.67%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
11.57%
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
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
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 6.68%, compared to the industry median CAGR of 10.08%, 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 Stock return of Goodyear India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.6% based on the current price.

10 Year X-Ray :

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 30.2%26.9%19.4%13.6%21.3%18.4%25.7%22.4%13.5%14.7%-
Value Creation
Index
1.20.90.40.00.50.30.80.60.00.1-

Growth Parameters

Sales 1,5121,6651,9121,7461,7922,4362,9282,5522,6082,4762,476
Sales YoY Gr.-10.1%14.9%-8.7%2.6%35.9%20.2%-12.8%2.2%-5.1%-
Adj EPS 55.356.845.238.959.144.953.741.32433.726.7
YoY Gr.-2.9%-20.5%-14%52.2%-24.1%19.6%-23%-41.9%40.5%-
BVPS (₹) 305.3346.5374.7395.8362.7308.7261.4250.9260.2261.6261.6
Adj Net
Profit
12713110489.713610412495.355.477.862
Cash Flow from Ops. 16818256.665.429489.3112135131112-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.6%6.7%-5.4%-5.1%
Adj EPS -5.3%-10.6%-14.4%40.5%
BVPS-1.7%-6.3%0%0.5%
Share Price 4.6% -8.3% -16.2% -16.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
19.317.412.510.115.513.318.816.19.412.910.2
Op. Profit
Mgn %
13.212.28.87.812.17.17.16.74.55.75.6
Net Profit
Mgn %
8.47.95.55.17.64.34.23.72.13.12.5
Debt to
Equity
00000000000
Working Cap
Days
15417417614514917016017217018057
Cash Conv.
Cycle
1-9-39-33665-316

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,5121,6651,9121,7461,7922,4362,9282,5522,6082,476
Operating Expenses + 1,3121,4631,7481,6101,5752,2642,7212,3812,4912,335
Manufacturing Costs6984969997151138138131127
Material Costs9511,0791,3231,1921,1781,7412,1881,8401,9181,742
Employee Cost 121127127140139163171183193202
Other Costs 170174202179162208223220250264
Operating Profit 200201164136217172207171117141
Operating Profit Margin (%) 13.2%12.1%8.6%7.8%12.1%7.1%7.1%6.7%4.5%5.7%
Other Income + 33373835232316171819
Exceptional Items 000000000-22
Interest 3334344455
Depreciation 34364150535354555549
Profit Before Tax 1961991581171831381651287583
Tax 68695628473643332022
Profit After Tax 12713010289136103123955562
PAT Margin (%) 8.4%7.8%5.3%5.1%7.6%4.2%4.2%3.7%2.1%2.5%
Adjusted EPS (₹)55.256.344.238.559.144.653.341.123.926.7
Dividend Payout Ratio (%)22.60%23.10%29.40%33.80%301.40%224.20%49.80%99.70%100%99.40%

Valuation of Goodyear India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 707802867916840715606581603606
Share Capital 23232323232323232323
Reserves 684779844893817692583558580583
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables264378342266405483479427464456
Others Liabilities 482548611125715773824853877914
Total Liabilities 1,4541,7291,8211,3071,9601,9711,9091,8611,9441,976

Fixed Assets

Net Fixed Assets +227246251316312317357364367342
Gross Block306360404517554595677735780789
Accumulated Depreciation79114154202242278320370413447
CWIP 31265015163361443630
Investments 0000000000
Inventories169168167150133301286304286256
Trade Receivables157208243220271250322268283284
Cash Equivalents 453577559546597390163124194236
Others Assets 41650355060631679720757777829
Total Assets 1,4541,7291,8211,3071,9601,9711,9091,8611,9441,976

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 168182576529489112135131112
PBT 1961991581171831381651287583
Adjustment 691024394149495347
Changes in Working Capital 3751-58-38123-51-59-3228
Tax Paid -71-76-53-37-51-39-42-39-18-27
Cash Flow From Investing Activity + -12-22-36-9687-5091-34-17-6
Capex -38-51-72-62-44-73-111-55-24-14
Net Investments 000-63108101901000
Others 272937292313121178
Cash Flow From Financing Activity + -37-37-39-45-223-236-241-130-43-65
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -4-3-3-4-4-4-4-3-3-3
Dividend Paid -27-29-30-30-214-225-230-121-35-55
Others -6-6-6-11-6-7-6-5-6-7
Net Cash Flow 120123-18-76158-197-38-297141

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)19.3617.2812.271015.5713.2918.6816.059.3510.22
ROCE (%)30.2426.8919.3713.5921.3318.4125.7422.3813.4614.67
Asset Turnover Ratio1.221.071.081.121.11.241.511.51.511.4
PAT to CFO Conversion(x)1.321.40.560.732.160.860.911.422.381.81
Working Capital Days
Receivable Days35.5039.1043.1048.505039.1035.7038.2035.1037.60
Inventory Days33.3036.103233.2028.8032.5036.6038.3037.6036
Payable Days89108.7099.4093.10104.1093.1080.3089.8084.7096.40

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 24-Jul-2026 16:59 is ₹824.2.

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 23-Jul-2026 the market cap of Goodyear India stood at ₹1,901.3 Cr

The latest P/E ratio of Goodyear India as of 23-Jul-2026 is 30.91.

The latest P/B ratio of Goodyear India as of 23-Jul-2026 is 3.15.

The 52-week high of Goodyear India is ₹1,022.1 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.

 

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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.

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