Is Goodyear India a good quality company?

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

Is Goodyear India undervalued or overvalued?

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

What is Goodyear India share price return in the past 10 years?

Goodyear India Ltd share price has appreciated 4.7% annually (CAGR) over the past ten years.

Is Goodyear India a good buy now?

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

Goodyear India Ltd - Stock Valuation and Financial Performance

Name: Goodyear India
Brand: Goodyear India

BSE: 500168 | NSE: GOODYEAR | Tyres & Allied | Small Cap

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Goodyear India Share Price

₹1,011.20 6.20 0.62%
as on 22-Nov'24 16:59

10 Year X-Ray of Goodyear India:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	34.3%	33.9%	30.2%	26.9%	19.4%	13.6%	21.3%	18.4%	25.7%	22.4%	-
Value Creation Index ⓘ	1.5	1.4	1.2	0.9	0.4	0.0	0.5	0.3	0.8	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,583	1,384	1,512	1,665	1,912	1,746	1,792	2,436	2,928	2,552	2,516
Sales YoY Gr.	-	-12.6%	9.2%	10.1%	14.9%	-8.7%	2.6%	35.9%	20.2%	-12.8%	-
Adj EPS ⓘ	43.7	42.1	55.3	56.8	45.2	38.9	59.1	44.9	53.7	41.3	25.3
YoY Gr.	-	-3.7%	31.2%	2.9%	-20.5%	-14%	52.2%	-24.1%	19.6%	-23%	-
BVPS (₹) ⓘ	214.2	212	305.3	346.5	374.7	395.8	362.7	308.7	261.4	250.9	253.5
Adj Net Profit ⓘ	101	97.1	127	131	104	89.7	136	104	124	95.3	58
Cash Flow from Ops. ⓘ	99.4	7.5	168	182	56.6	65.4	294	89.3	112	135	-
Debt/CF from Ops. ⓘ	0	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.5%	5.9%	12.5%	-12.8%
Adj EPS ⓘ	-0.6%	-1.8%	-11.3%	-23%
BVPSⓘ	1.8%	-7.7%	-11.6%	-4%
Share Price	4.7%	0.8%	0.4%	-21.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	21.9	21.9	19.3	17.4	12.5	10.1	15.5	13.3	18.8	16.1	10
Op. Profit Mgn % ⓘ	9.9	11.5	13.2	12.2	8.8	7.8	12.1	7.1	7.1	6.7	4.8
Net Profit Mgn % ⓘ	6.4	7	8.4	7.9	5.5	5.1	7.6	4.3	4.2	3.7	2.3
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	103	111	154	174	176	145	149	170	160	190	57
Cash Conv. Cycle ⓘ	-17	-5	1	-9	-3	9	-3	3	6	14	12

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.51%

Return on Equity has declined versus last 3 years average to 10.00%

Net Profit has been subdued in last 3 years -11.27%

Sales growth is not so good in last 4 quarters at -8.72%

Latest Financials - Goodyear India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	25.3	-
TTM Sales (₹ Cr.)	2,516	-
BVPS (₹.) ⓘ	253.5	-
Reserves (₹ Cr.) ⓘ	562	-
P/BV ⓘ	3.99	-
PE ⓘ	39.93	-

From the Market
52 Week Low / High (₹)	1000.00 / 1440.00
All Time Low / High (₹)	20.70 / 1451.10
Market Cap (₹ Cr.)	2,332
Equity (₹ Cr.)	23.1
Face Value (₹)	10
Industry PE ⓘ	29.1

Management X-Ray of Goodyear India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Goodyear India

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Goodyear India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,583	1,730	1,512	1,665	1,912	1,746	1,792	2,436	2,928	2,552
Operating Expenses ⓘ	1,427	1,534	1,312	1,463	1,748	1,610	1,575	2,264	2,721	2,381
Manufacturing Costs	57	78	69	84	96	99	97	151	138	138
Material Costs	1,094	1,115	951	1,079	1,323	1,192	1,178	1,741	2,188	1,840
Employee Cost	101	139	121	127	127	140	139	163	171	183
Other Costs ⓘ	176	202	170	174	202	179	162	208	223	220
Operating Profit ⓘ	156	196	200	201	164	136	217	172	207	171
Operating Profit Margin (%)	9.8%	11.3%	13.2%	12.1%	8.6%	7.8%	12.1%	7.1%	7.1%	6.7%
Other Income ⓘ	30	38	33	37	38	35	23	23	16	17
Interest ⓘ	3	3	3	3	3	4	3	4	4	4
Depreciation ⓘ	29	47	34	36	41	50	53	53	54	55
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	154	184	196	199	158	117	183	138	165	128
Tax ⓘ	52	65	68	69	56	28	47	36	43	33
Profit After Tax	101	120	127	130	102	89	136	103	123	95
PAT Margin (%)	6.4%	6.9%	8.4%	7.8%	5.3%	5.1%	7.6%	4.2%	4.2%	3.7%
Adjusted EPS (₹)	43.9	51.9	55.2	56.3	44.2	38.5	59.1	44.6	53.3	41.1
Dividend Payout Ratio (%)	23%	23%	23%	23%	29%	34%	301%	224%	50%	100%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	497	614	707	802	867	916	840	715	606	581
Share Capital ⓘ	23	23	23	23	23	23	23	23	23	23
Reserves ⓘ	474	591	684	779	844	893	817	692	583	558
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	245	200	264	378	342	266	405	483	479	427
Others Liabilities ⓘ	376	404	482	548	611	125	715	773	824	853
Total Liabilities ⓘ	1,118	1,218	1,454	1,729	1,821	1,307	1,960	1,971	1,909	1,861
Fixed Assets
Gross Block	481	268	306	360	404	517	554	595	677	735
Accumulated Depreciation	241	46	79	114	154	202	242	278	320	370
Net Fixed Assetsⓘ	240	221	227	246	251	316	312	317	357	364
CWIP ⓘ	17	29	31	26	50	15	16	33	61	44
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	123	128	169	168	167	150	133	301	286	304
Trade Receivables	112	159	157	208	243	220	271	250	322	268
Cash Equivalents	365	334	453	577	559	546	597	390	163	124
Others Assetsⓘ	260	347	416	503	550	60	631	679	720	757
Total Assets ⓘ	1,118	1,218	1,454	1,729	1,821	1,307	1,960	1,971	1,909	1,861

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	99	9	168	182	57	65	294	89	112	135
PBT ⓘ	154	184	196	199	158	117	183	138	165	128
Adjustment ⓘ	7	17	6	9	10	24	39	41	49	49
Changes in Working Capital ⓘ	-4	-121	37	51	-58	-38	123	-51	-59	-3
Tax Paid ⓘ	-57	-71	-71	-76	-53	-37	-51	-39	-42	-39
Cash Flow From Investing Activity ⓘ	116	-133	-12	-22	-36	-96	87	-50	91	-34
Capex	-48	-43	-38	-51	-72	-62	-44	-73	-111	-55
Net Investments	140	-123	0	0	0	-63	108	10	190	10
Others ⓘ	25	33	27	29	37	29	23	13	12	11
Cash Flow From Financing Activityⓘ	-27	-31	-37	-37	-39	-45	-223	-236	-241	-130
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-3	-3	-4	-3	-3	-4	-4	-4	-4	-4
Dividend Paid ⓘ	-21	-23	-27	-29	-30	-30	-214	-225	-230	-121
Others ⓘ	-4	-5	-6	-6	-6	-11	-6	-7	-6	-5
Net Cash Flow ⓘ	188	-155	120	123	-18	-76	158	-197	-38	-29

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.13	21.67	19.36	17.28	12.27	10	15.57	13.29	18.68	16.05
ROCE (%)	34.31	33.92	30.24	26.89	19.37	13.59	21.33	18.41	25.74	22.38
Asset Turnover Ratio	1.59	1.59	1.22	1.07	1.08	1.12	1.1	1.24	1.51	1.35
PAT to CFO Conversion(x)	0.98	0.08	1.32	1.4	0.56	0.73	2.16	0.86	0.91	1.42
Working Capital Days
Receivable Days	30	27	36	39	43	48	50	39	36	42
Inventory Days	24	25	33	36	32	33	29	33	37	42
Payable Days	89	73	89	109	99	93	104	93	80	90

Goodyear India Ltd Stock News

Goodyear India Ltd FAQs

What is the share price of Goodyear India?

Company share prices are keep on changing according to the market conditions. The closing price of Goodyear India on 22-Nov-2024 16:59 is ₹1,011.2.

What is the market cap of Goodyear India?

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 22-Nov-2024 16:59 the market cap of Goodyear India stood at ₹2,332.5.

What is the P/E ratio of Goodyear India?

The latest P/E ratio of Goodyear India as of 22-Nov-2024 16:59 is 39.93.

What is the P/B ratio of Goodyear India?

The latest P/B ratio of Goodyear India as of 22-Nov-2024 16:59 is 3.99.

What is the 52-week high and low of Goodyear India?

The 52-week high of Goodyear India is ₹1,440 and the 52-week low is ₹1,000.

What is the TTM revenue of Goodyear India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Goodyear India is ₹2,516 ( Cr.) .

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 Indiaâ€™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 â€œshop-in-shopâ€ concept -- a part of the companyâ€™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.