Goodyear India Ltd.

NSE: GOODYEAR BSE: 500168 SECTOR: Tyres & Allied  76k   377   49

1194.50
-5.55 (-0.46%)
NSE: Today, 03:58 PM

Price Summary

Today's High

₹ 1217.8

Today's Low

₹ 1191

52 Week High

₹ 1286

52 Week Low

₹ 935.05

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2755.29 Cr.

Enterprise Value

2365.35 Cr.

No. of Shares

2.31 Cr.

P/E

22.43

P/B

3.85

Face Value

₹ 10

Div. Yield

2.21 %

Book Value (TTM)

₹  309.9

CASH

389.94 Cr.

DEBT

0 Cr.

Promoter Holding

74 %

EPS (TTM)

₹  53.26

Sales Growth

35.94%

ROE

13.29 %

ROCE

18.41%

Profit Growth

-24.49 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year35.94%
3 Year8.41%
5 Year10.01%

Profit Growth

1 Year-24.49%
3 Year0.27%
5 Year-4.18%

ROE%

1 Year13.29%
3 Year12.95%
5 Year13.68%

ROCE %

1 Year18.41%
3 Year17.78%
5 Year19.92%

Debt/Equity

0

Price to Cash Flow

30.85

Interest Cover Ratio

34.6043689320388

CFO/PAT (5 Yr. Avg.)

1.22743830577479

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 74 0
Dec 2022 74 0
Sep 2022 74 0
Jun 2022 74 0
Mar 2022 74 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 34.6043689320388.
  • The company has an efficient Cash Conversion Cycle of -21.4968811903065 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.22743830577479.
  • The company has a high promoter holding of 74%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.60650961384131.

 Limitations

  • The company has shown a poor profit growth of 0.267076147006073% for the Past 3 years.
  • The company has shown a poor revenue growth of 8.40540303942037% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 598.2 818.97 766.86 689.09 652.59
Total Expenditure 564.68 758.94 720.84 645.22 595.56
Operating Profit 33.52 60.03 46.02 43.87 57.03
Other Income 4.57 4.17 4.69 3.87 3.56
Interest 1.44 0.88 1.01 0.86 1.12
Depreciation 13.32 12.88 13.48 13.82 13.81
Exceptional Items 0 0 0 0 0
Profit Before Tax 23.33 50.44 36.22 33.06 45.66
Tax 5.94 12.7 9.12 8.65 12.05
Profit After Tax 17.39 37.74 27.1 24.41 33.61
Adjusted EPS (Rs) 7.54 16.36 11.75 10.58 14.57

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1664.69 1911.91 1745.57 1791.71 2435.68
Total Expenditure 1463.4 1747.68 1609.84 1575.1 2263.65
Operating Profit 201.29 164.23 135.73 216.61 172.03
Other Income 37.03 37.94 35.18 22.73 23.21
Interest 2.89 3 3.97 3.42 4.12
Depreciation 36.15 41.03 50.1 52.75 52.67
Exceptional Items 0 0 0 0 0
Profit Before Tax 199.28 158.14 116.84 183.17 138.45
Tax 69.32 56.07 28 46.91 35.56
Net Profit 129.96 102.07 88.84 136.26 102.89
Adjusted EPS (Rs.) 56.33 44.24 38.51 59.06 44.6

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 23.07 23.07 23.07 23.07 23.07
Total Reserves 779.12 844.05 892.67 816.5 691.76
Borrowings 0 0 0 0 0
Other N/C liabilities 461.28 518.59 38.87 606.74 643.72
Current liabilities 465.44 434.79 352.19 513.54 612.4
Total Liabilities 1728.91 1820.5 1306.8 1959.85 1970.95
Assets
Net Block 246.21 250.95 315.54 312 317.18
Capital WIP 26.19 50.29 14.87 16.09 33.13
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 466 523.64 35.56 610.55 657.04
Other N/C Assets 0.56 0.56 0.01 0.01 0
Current Assets 989.95 995.06 940.82 1021.2 963.6
Total Assets 1728.91 1820.5 1306.8 1959.85 1970.95
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 199.28 158.14 116.84 183.17 138.45
Adjustment 8.62 9.85 23.94 38.69 40.63
Changes in Assets & Liabilities 50.82 -58.13 -38.31 122.94 -50.88
Tax Paid -76.44 -53.29 -37.03 -51.02 -38.88
Operating Cash Flow 182.28 56.57 65.44 293.78 89.32
Investing Cash Flow -22.04 -35.56 -96.14 86.89 -49.97
Financing Cash Flow -37.28 -38.87 -44.8 -223.11 -236.48
Net Cash Flow 122.96 -17.86 -75.5 157.56 -197.13

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 74.00 74.00 74.00 74.00 74.00
goodyear orient co... 74.00 74.00 74.00 74.00 74.00
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 26.00 26.00 26.00 26.00 26.00
hdfc small cap fund 5.33 5.55 5.90 5.93 6.02
sbi large & midcap... - - - - -
sbi large and midc... - - - - -
goldman sachs indi... - - - - -
investor education... - - 1.60 - -
investor education... - - - 1.60 1.60
iepf - - - - -
investor education... - 1.55 - - -
investor education... 1.55 - - - -
the new india assu... 1.17 1.17 1.17 1.17 1.17

Annual Reports

Ratings & Research Reports

Company Presentations

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Company News

Goodyear India - Quaterly Results29 May 2023, 3:09PM Goodyear India - Quaterly Results29 May 2023, 3:09PM Goodyear India - Quaterly Results29 May 2023, 3:09PM Goodyear India informs about issue of duplicate share certificates1 Apr 2023, 3:47PM Goodyear India informs about disclosure of voting results27 Mar 2023, 3:02PM Goodyear India informs about loss of share certificates2 Mar 2023, 4:53PM Goodyear India informs about issue of duplicate share certificates 18 Feb 2023, 10:58AM Goodyear India - Quaterly Results14 Feb 2023, 4:03PM Goodyear India - Quaterly Results14 Feb 2023, 4:03PM Goodyear India informs about trading window closure21 Dec 2022, 12:21PM Goodyear India informs about loss of share certificate12 Dec 2022, 12:30PM Goodyear India informs about details of loss of certificate 19 Nov 2022, 12:22PM Goodyear India - Quaterly Results14 Nov 2022, 1:24PM Goodyear India - Quaterly Results14 Nov 2022, 1:24PM Goodyear India - Quaterly Results14 Nov 2022, 1:24PM Goodyear India informs about compliance certificate 11 Oct 2022, 5:12PM Goodyear India - Quaterly Results1 Aug 2022, 5:09PM Goodyear India - Quaterly Results1 Aug 2022, 5:09PM Goodyear India - Quaterly Results1 Aug 2022, 5:09PM Goodyear India informs about trading window closure29 Jun 2022, 5:05PM Goodyear India - Quaterly Results26 May 2022, 6:39PM Goodyear India - Quaterly Results26 May 2022, 6:39PM Goodyear India informs about compliance certificate14 Apr 2022, 12:33PM Goodyear India informs about certificate14 Apr 2022, 12:29PM Goodyear India informs about disclosure29 Mar 2022, 5:09PM Goodyear India informs about closure of trading window29 Mar 2022, 2:06PM Goodyear India informs about issuance of duplicate share certificate26 Feb 2022, 2:55PM Goodyear India - Quaterly Results1 Feb 2022, 2:12PM Goodyear India - Quaterly Results1 Feb 2022, 2:12PM Goodyear India - Quaterly Results1 Feb 2022, 2:12PM Goodyear India informs about loss of share certificate17 Dec 2021, 1:00PM Goodyear India informs about loss of share certificate27 Nov 2021, 10:41AM Goodyear India informs about loss of share certificate27 Oct 2021, 10:51AM Goodyear India informs about newspaper publication28 May 2021, 4:23PM Goodyear India informs about outcome of board meeting27 May 2021, 4:57PM Goodyear India informs about board meeting20 May 2021, 10:47AM Goodyear India informs about newspaper advertisement20 Mar 2021, 3:44PM Goodyear India informs about newspaper advertisement20 Mar 2021, 3:44PM Goodyear India informs about newspaper publication13 Feb 2021, 11:13AM Goodyear India informs about newspaper advertisement5 Feb 2021, 3:30PM Goodyear forays into automotive lubricants segment in India28 Oct 2020, 2:06PM Goodyear India informs about outcome of the board meeting4 Sep 2020, 4:29PM Goodyear India informs about newspaper advertisement 25 Jul 2020, 10:29AM

Goodyear India Stock Price Analysis and Quick Research Report. Is Goodyear India an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Goodyear India has a PE ratio of 22.4262814615665 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Goodyear India has ROA of 5.23506665309861 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Goodyear India has a Current ratio of 1.57348138471587 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Goodyear India has a ROE of 13.2850428674724 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Goodyear India has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Goodyear India has an Inventory turnover ratio of 11.2181282240236 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Goodyear India has reported revenue growth of 35.9416423416736 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Goodyear India for the current financial year is 7.06291466859356 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Goodyear India is Rs 100 and the yield is 2.2079 %.

Brief about Goodyear India

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