Goodyear India Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Tyres: 95.5% • Tubes: 4.5% • Flaps: 0.0%
AI Sector View
AI GENERATEDAutomobile and Auto Components
Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.79x)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Offers a healthy dividend yield of 3.7%
CONS
- Company has delivered a poor profit growth of -14.7% over past five years
- Company has delivered a poor sales growth of 6.7% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| MRF | 128442.20 | 22.56 | 54474.17 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| BALKRISIND | 2165.45 | 29.78 | 41861.87 | 0.74 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| APOLLOTYRE | 417.55 | 15.52 | 26518.64 | 1.44 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| CEATLTD | 3280.45 | 22.51 | 13269.45 | 1.07 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| JKTYRE | 354.25 | 15.68 | 10212.66 | 1.13 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| TVSSRICHAK | 5144.15 | 42.64 | 3938.90 | 0.73 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| GOODYEAR | 725.45 | 31.05 | 1673.36 | 3.65 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| TOLINS | 89.49 | 10.86 | 353.56 | 0.00 | 6.19 | -33.46 | 79.27 | -11.67 | 21.30 | 11.24 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 720 | 690 | 591 | 551 | 691 | 682 | 632 | 603 | 656 | 596 | 607 | 616 | 774 | |
| 656 | 629 | 552 | 545 | 647 | 651 | 608 | 585 | 628 | 570 | 565 | 575 | 780 | |
| Operating Profit | 64 | 61 | 40 | 5 | 44 | 31 | 24 | 17 | 28 | 27 | 42 | 41 | -5 |
| OPM % | 8.90% | 8.89% | 6.73% | 0.98% | 6.41% | 4.56% | 3.77% | 2.88% | 4.30% | 4.50% | 6.95% | 6.73% | -0.68% |
| 4 | 4 | 5 | 4 | 4 | 5 | 5 | 4 | 5 | 5 | 5 | -15 | -2 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 3 |
| Depreciation | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 13 | 13 | 13 | 12 | 12 | 13 |
| Profit before Tax | 53 | 51 | 30 | -5 | 33 | 21 | 13 | 7 | 19 | 18 | 33 | 13 | 9 |
| Tax % | 25.35% | 25.18% | 27.40% | 21.75% | 25.17% | 25.58% | 28.56% | 28.49% | 25.58% | 25.40% | 26.15% | 27.31% | 25.17% |
| Net Profit | 39 | 38 | 22 | -4 | 25 | 16 | 9 | 5 | 14 | 13 | 25 | 10 | 7 |
| 17.02 | 16.45 | 9.48 | -1.83 | 10.85 | 6.82 | 4.11 | 2.11 | 6.12 | 5.67 | 10.68 | 4.20 | 2.82 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,512 | 1,665 | 1,912 | 1,746 | 1,792 | 2,436 | 2,928 | 2,552 | 2,608 | 2,476 | 2,594 | |
| 1,312 | 1,463 | 1,748 | 1,610 | 1,575 | 2,264 | 2,721 | 2,381 | 2,491 | 2,335 | 2,489 | |
| Operating Profit | 200 | 201 | 164 | 136 | 217 | 172 | 207 | 171 | 117 | 141 | 105 |
| OPM % | 13.22% | 12.09% | 8.59% | 7.78% | 12.09% | 7.06% | 7.07% | 6.69% | 4.47% | 5.68% | 4.06% |
| 33 | 37 | 38 | 35 | 23 | 23 | 16 | 17 | 18 | -3 | -8 | |
| Interest | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 5 | 5 | 7 |
| Depreciation | 34 | 36 | 41 | 50 | 53 | 53 | 54 | 55 | 55 | 49 | 49 |
| Profit before Tax | 196 | 199 | 158 | 117 | 183 | 138 | 165 | 128 | 75 | 83 | 73 |
| Tax % | 34.89% | 34.79% | 35.46% | 23.96% | 25.61% | 25.68% | 25.71% | 25.92% | 26.19% | 26.05% | 26.06% |
| Net Profit | 127 | 130 | 102 | 89 | 136 | 103 | 123 | 95 | 55 | 62 | 54 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 59.07 | 44.61 | 53.26 | 41.11 | 23.89 | 26.66 | — |
| Dividend Payout % | 22.64% | 23.08% | 29.38% | 33.76% | 301.37% | 224.22% | 49.76% | 99.72% | 100.03% | 99.41% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 7%
- 3 Years:
- -5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -6%
- 5 Years:
- -15%
- 3 Years:
- -21%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- -7%
- 3 Years:
- -18%
- 1 Year:
- -43%
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 14%
- 3 Years:
- 12%
- Last Year:
- 10%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
| 684 | 779 | 844 | 893 | 816 | 692 | 583 | 558 | 580 | 583 | |
| 0 | 0 | 0 | 11 | 12 | 11 | 5 | 4 | 26 | 24 | |
| Trade Payables | 264 | 378 | 342 | 266 | 405 | 483 | 479 | 427 | 464 | 456 |
| 482 | 548 | 611 | 114 | 703 | 762 | 819 | 849 | 852 | 890 | |
| Total Liabilities | 1,454 | 1,729 | 1,820 | 1,307 | 1,960 | 1,971 | 1,909 | 1,861 | 1,944 | 1,976 |
| 227 | 246 | 251 | 316 | 312 | 317 | 357 | 364 | 367 | 342 | |
| Capital Work in Progress | 31 | 26 | 50 | 15 | 16 | 33 | 61 | 44 | 36 | 30 |
| 169 | 168 | 167 | 150 | 133 | 301 | 286 | 304 | 286 | 256 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 268 | 283 | 284 | |
| Cash & Bank | 453 | 577 | 559 | 546 | 597 | 390 | 163 | 124 | 194 | 236 |
| 573 | 712 | 793 | 280 | 902 | 930 | 1,042 | 757 | 777 | 829 | |
| Total Assets | 1,454 | 1,729 | 1,820 | 1,307 | 1,960 | 1,971 | 1,909 | 1,861 | 1,944 | 1,976 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 239 | 259 | 110 | 102 | 345 | 128 | 155 | 135 | 131 | 112 | |
| Cash from Investing | -12 | -22 | -36 | -96 | 87 | -50 | 91 | -34 | -17 | -6 |
| Cash from Financing | -37 | -37 | -39 | -45 | -223 | -236 | -241 | -130 | -43 | -65 |
| 120 | 123 | -18 | -76 | 158 | -197 | -38 | -29 | 71 | 41 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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News
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