Goodyear India Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 8:10 pm

Market Cap	1,940 Cr.
Current Price	841
High / Low	1,260/806
Stock P/E	42.1
Book Value	255
Dividend Yield	1.78 %
ROCE	22.0 %
ROE	16.0 %
Face Value	10.0
PEG Ratio	-2.16

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Goodyear India Ltd

Competitors of Goodyear India Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Goodyear India Ltd	1,940 Cr.	841	1,260/806	42.1	255	1.78 %	22.0 %	16.0 %	10.0
TVS Srichakra Ltd	2,035 Cr.	2,656	4,900/2,475	48.4	1,404	1.78 %	11.1 %	10.6 %	10.0
JK Tyre & Industries Ltd	7,892 Cr.	288	511/243	13.1	172	1.56 %	19.3 %	20.6 %	2.00
Innovative Tyres & Tubes Ltd	10.2 Cr.	5.65	10.2/4.75		9.21	0.00 %	26.6 %	%	10.0
CEAT Ltd	11,736 Cr.	2,900	3,581/2,210	23.1	1,038	1.03 %	20.4 %	18.1 %	10.0
Industry Average	16,740.83 Cr	1,383.66		29.15	512.74	1.17%	19.06%	16.02%	6.43

All Competitor Stocks of Goodyear India Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	605.07	598.20	818.97	766.86	689.09	652.59	719.66	690.12	591.40	550.53	691.38	682.25	631.72
Expenses	571.41	564.68	758.94	720.84	645.22	595.56	655.59	628.79	551.59	545.15	647.05	651.16	607.89
Operating Profit	33.66	33.52	60.03	46.02	43.87	57.03	64.07	61.33	39.81	5.38	44.33	31.09	23.83
OPM %	5.56%	5.60%	7.33%	6.00%	6.37%	8.74%	8.90%	8.89%	6.73%	0.98%	6.41%	4.56%	3.77%
Other Income	6.75	4.57	4.17	4.69	3.87	3.56	3.70	4.41	5.18	3.68	3.93	4.85	4.71
Interest	0.91	1.44	0.88	1.01	0.86	1.12	1.16	1.14	1.03	0.91	0.95	0.91	1.50
Depreciation	12.89	13.32	12.88	13.48	13.82	13.81	14.02	13.89	13.85	13.53	13.86	13.88	13.77
Profit before tax	26.61	23.33	50.44	36.22	33.06	45.66	52.59	50.71	30.11	-5.38	33.45	21.15	13.27
Tax %	26.91%	25.46%	25.18%	25.18%	26.16%	26.39%	25.35%	25.18%	27.40%	-21.75%	25.17%	25.58%	28.56%
Net Profit	19.45	17.39	37.74	27.10	24.41	33.61	39.26	37.94	21.86	-4.21	25.03	15.74	9.48
EPS in Rs	8.43	7.54	16.36	11.75	10.58	14.57	17.02	16.45	9.48	-1.83	10.85	6.82	4.11

Last Updated: March 4, 2025, 12:11 am

Below is a detailed analysis of the quarterly data for Goodyear India Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹631.72 Cr.. The value appears to be declining and may need further review. It has decreased from 682.25 Cr. (Sep 2024) to ₹631.72 Cr., marking a decrease of 50.53 Cr..
For Expenses, as of Dec 2024, the value is ₹607.89 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 651.16 Cr. (Sep 2024) to ₹607.89 Cr., marking a decrease of 43.27 Cr..
For Operating Profit, as of Dec 2024, the value is ₹23.83 Cr.. The value appears to be declining and may need further review. It has decreased from 31.09 Cr. (Sep 2024) to ₹23.83 Cr., marking a decrease of 7.26 Cr..
For OPM %, as of Dec 2024, the value is 3.77%. The value appears to be declining and may need further review. It has decreased from 4.56% (Sep 2024) to 3.77%, marking a decrease of 0.79%.
For Other Income, as of Dec 2024, the value is ₹4.71 Cr.. The value appears to be declining and may need further review. It has decreased from 4.85 Cr. (Sep 2024) to ₹4.71 Cr., marking a decrease of 0.14 Cr..
For Interest, as of Dec 2024, the value is ₹1.50 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 0.91 Cr. (Sep 2024) to ₹1.50 Cr., marking an increase of 0.59 Cr..
For Depreciation, as of Dec 2024, the value is ₹13.77 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 13.88 Cr. (Sep 2024) to ₹13.77 Cr., marking a decrease of 0.11 Cr..
For Profit before tax, as of Dec 2024, the value is ₹13.27 Cr.. The value appears to be declining and may need further review. It has decreased from 21.15 Cr. (Sep 2024) to ₹13.27 Cr., marking a decrease of 7.88 Cr..
For Tax %, as of Dec 2024, the value is 28.56%. The value appears to be increasing, which may not be favorable. It has increased from 25.58% (Sep 2024) to 28.56%, marking an increase of 2.98%.
For Net Profit, as of Dec 2024, the value is ₹9.48 Cr.. The value appears to be declining and may need further review. It has decreased from 15.74 Cr. (Sep 2024) to ₹9.48 Cr., marking a decrease of 6.26 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.11. The value appears to be declining and may need further review. It has decreased from 6.82 (Sep 2024) to 4.11, marking a decrease of 2.71.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 5, 2025, 5:38 pm

Metric	Dec 2012	Dec 2013	Dec 2014	Mar 2016n n 15m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,461	1,546	1,564	1,730	1,512	1,665	1,912	1,746	1,792	2,436	2,928	2,552	2,556
Expenses	1,370	1,407	1,408	1,534	1,312	1,463	1,747	1,610	1,575	2,264	2,721	2,381	2,451
Operating Profit	91	139	156	196	200	202	164	136	217	172	207	171	105
OPM %	6%	9%	10%	11%	13%	12%	9%	8%	12%	7%	7%	7%	4%
Other Income	21	30	29	38	33	37	38	35	23	23	16	17	17
Interest	4	2	3	3	3	3	3	4	3	4	4	4	4
Depreciation	24	25	29	46	34	36	41	50	53	53	54	55	55
Profit before tax	85	142	154	184	196	199	158	117	183	138	165	128	62
Tax %	33%	34%	34%	35%	35%	35%	35%	24%	26%	26%	26%	26%
Net Profit	56	94	101	120	127	130	102	89	136	103	123	95	46
EPS in Rs	24.42	40.78	43.89	51.92	55.22	56.34	44.25	38.51	59.07	44.61	53.26	41.12	19.95
Dividend Payout %	29%	22%	23%	23%	23%	23%	29%	34%	301%	224%	50%	100%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	2.36%	-21.54%	-12.75%	52.81%	-24.26%	19.42%	-22.76%
Change in YoY Net Profit Growth (%)	0.00%	-23.90%	8.79%	65.55%	-77.07%	43.68%	-42.18%

Goodyear India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	6%
3 Years:	13%
TTM:	-4%

Compounded Profit Growth
10 Years:	0%
5 Years:	-1%
3 Years:	-11%
TTM:	-65%

Stock Price CAGR
10 Years:	4%
5 Years:	6%
3 Years:	-3%
1 Year:	-28%

Return on Equity
10 Years:	16%
5 Years:	14%
3 Years:	16%
Last Year:	16%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 2:37 pm

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	23	23
Reserves	331	400	474	591	684	779	844	893	816	692	583	558	564
Borrowings	0	0	0	0	0	0	0	15	14	17	10	7	5
Other Liabilities	388	436	395	310	382	495	463	376	537	634	646	591	682
Total Liabilities	742	859	892	924	1,090	1,298	1,331	1,307	1,391	1,365	1,261	1,179	1,275
Fixed Assets	198	210	240	221	227	246	251	316	312	317	357	364	350
CWIP	17	32	17	29	31	26	50	15	16	33	61	44	45
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	527	617	635	674	831	1,025	1,029	976	1,063	1,015	843	771	880
Total Assets	742	859	892	924	1,090	1,298	1,331	1,307	1,391	1,365	1,261	1,179	1,275

Below is a detailed analysis of the balance sheet data for Goodyear India Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹23.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 23.00 Cr..
For Reserves, as of Sep 2024, the value is ₹564.00 Cr.. The value appears strong and on an upward trend. It has increased from 558.00 Cr. (Mar 2024) to ₹564.00 Cr., marking an increase of 6.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹5.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 7.00 Cr. (Mar 2024) to ₹5.00 Cr., marking a decrease of 2.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹682.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 591.00 Cr. (Mar 2024) to ₹682.00 Cr., marking an increase of 91.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹1,275.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,179.00 Cr. (Mar 2024) to ₹1,275.00 Cr., marking an increase of 96.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹350.00 Cr.. The value appears to be declining and may need further review. It has decreased from 364.00 Cr. (Mar 2024) to ₹350.00 Cr., marking a decrease of 14.00 Cr..
For CWIP, as of Sep 2024, the value is ₹45.00 Cr.. The value appears strong and on an upward trend. It has increased from 44.00 Cr. (Mar 2024) to ₹45.00 Cr., marking an increase of 1.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹880.00 Cr.. The value appears strong and on an upward trend. It has increased from 771.00 Cr. (Mar 2024) to ₹880.00 Cr., marking an increase of 109.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹1,275.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,179.00 Cr. (Mar 2024) to ₹1,275.00 Cr., marking an increase of 96.00 Cr..

Notably, the Reserves (₹564.00 Cr.) exceed the Borrowings (5.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	26	131	99	9	168	182	57	65	294	89	112	135
Cash from Investing Activity +	-178	-121	116	-133	-12	-22	-36	-96	87	-50	91	-34
Cash from Financing Activity +	-23	-21	-27	-31	-37	-37	-39	-45	-223	-236	-241	-130
Net Cash Flow	-174	-11	188	-155	120	123	-18	-76	158	-197	-38	-29

Free Cash Flow

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016n n 15m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	91.00	139.00	156.00	196.00	200.00	202.00	164.00	121.00	203.00	155.00	197.00	164.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Dec 2012	Dec 2013	Dec 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	39	39	26	34	38	46	46	46	55	38	40	38
Inventory Days	35	32	41	42	65	57	46	46	41	63	48	60
Days Payable	87	94	82	65	101	128	94	82	126	101	80	85
Cash Conversion Cycle	-14	-23	-15	10	2	-25	-2	10	-29	-1	8	14
Working Capital Days	-22	-28	-25	8	-0	-11	0	10	-18	-5	2	5
ROCE %	26%	37%	34%	34%	30%	27%	19%	13%	21%	18%	25%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%	74.00%
FIIs	0.83%	0.92%	1.06%	1.06%	1.02%	0.93%	0.74%	0.73%	0.75%	0.74%	0.73%	0.70%
DIIs	7.02%	6.85%	7.20%	7.23%	7.32%	7.63%	8.06%	8.06%	8.05%	8.05%	8.05%	8.15%
Public	18.15%	18.23%	17.73%	17.69%	17.64%	17.44%	17.20%	17.21%	17.21%	17.21%	17.22%	17.16%
No. of Shareholders	47,424	48,466	46,144	45,808	46,520	45,595	45,174	45,001	45,049	45,150	44,118	44,028

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Equity Savings Fund - Regular Plan	100,000	0.25	12.22	66,000	2025-04-01	51.52%
HDFC Hybrid Debt Fund - Regular Plan	66,000	0.23	7.68	66,000	2025-04-01	0%

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	41.12	53.26	44.61	59.07	38.51
Diluted EPS (Rs.)	41.12	53.26	44.61	59.07	38.51
Cash EPS (Rs.)	65.08	76.66	67.43	81.93	60.23
Book Value[Excl.RevalReserv]/Share (Rs.)	250.86	261.42	309.85	363.92	396.94
Book Value[Incl.RevalReserv]/Share (Rs.)	252.04	262.60	309.85	363.92	396.94
Dividend / Share (Rs.)	41.00	26.50	100.00	178.00	13.00
Revenue From Operations / Share (Rs.)	1106.07	1268.97	1055.78	776.64	756.64
PBDIT / Share (Rs.)	81.30	96.77	84.63	103.75	74.08
PBIT / Share (Rs.)	57.33	73.36	61.80	80.88	52.37
PBT / Share (Rs.)	55.50	71.69	60.01	79.40	50.65
Net Profit / Share (Rs.)	41.11	53.26	44.60	59.06	38.51
PBDIT Margin (%)	7.35	7.62	8.01	13.35	9.79
PBIT Margin (%)	5.18	5.78	5.85	10.41	6.92
PBT Margin (%)	5.01	5.64	5.68	10.22	6.69
Net Profit Margin (%)	3.71	4.19	4.22	7.60	5.08
Return on Networth / Equity (%)	16.38	20.37	14.39	16.22	9.70
Return on Capital Employeed (%)	21.49	26.38	18.94	21.27	12.65
Return On Assets (%)	8.04	9.74	7.53	9.79	6.79
Asset Turnover Ratio (%)	2.09	2.23	1.77	1.33	1.32
Current Ratio (X)	1.27	1.28	1.57	1.99	2.67
Quick Ratio (X)	0.73	0.81	1.08	1.73	2.25
Inventory Turnover Ratio (X)	3.26	3.98	4.84	4.50	4.26
Dividend Payout Ratio (NP) (%)	127.67	187.75	219.70	157.43	33.75
Dividend Payout Ratio (CP) (%)	80.65	130.43	145.31	113.49	21.58
Earning Retention Ratio (%)	-27.67	-87.75	-119.70	-57.43	66.25
Cash Earning Retention Ratio (%)	19.35	-30.43	-45.31	-13.49	78.42
Interest Coverage Ratio (X)	44.24	57.68	47.39	69.98	43.05
Interest Coverage Ratio (Post Tax) (X)	23.37	32.75	25.97	40.84	23.38
Enterprise Value (Cr.)	2418.88	2301.32	1657.52	1460.02	848.53
EV / Net Operating Revenue (X)	0.94	0.78	0.68	0.81	0.48
EV / EBITDA (X)	12.90	10.31	8.49	6.10	4.96
MarketCap / Net Operating Revenue (X)	0.99	0.84	0.84	1.15	0.79
Retention Ratios (%)	-27.67	-87.75	-119.70	-57.43	66.24
Price / BV (X)	4.39	4.09	2.86	2.45	1.52
Price / Net Operating Revenue (X)	0.99	0.84	0.84	1.15	0.79
EarningsYield	0.03	0.04	0.05	0.06	0.06

After reviewing the key financial ratios for Goodyear India Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 41.12. This value is within the healthy range. It has decreased from 53.26 (Mar 23) to 41.12, marking a decrease of 12.14.
For Diluted EPS (Rs.), as of Mar 24, the value is 41.12. This value is within the healthy range. It has decreased from 53.26 (Mar 23) to 41.12, marking a decrease of 12.14.
For Cash EPS (Rs.), as of Mar 24, the value is 65.08. This value is within the healthy range. It has decreased from 76.66 (Mar 23) to 65.08, marking a decrease of 11.58.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 250.86. It has decreased from 261.42 (Mar 23) to 250.86, marking a decrease of 10.56.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 252.04. It has decreased from 262.60 (Mar 23) to 252.04, marking a decrease of 10.56.
For Dividend / Share (Rs.), as of Mar 24, the value is 41.00. This value exceeds the healthy maximum of 3. It has increased from 26.50 (Mar 23) to 41.00, marking an increase of 14.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1,106.07. It has decreased from 1,268.97 (Mar 23) to 1,106.07, marking a decrease of 162.90.
For PBDIT / Share (Rs.), as of Mar 24, the value is 81.30. This value is within the healthy range. It has decreased from 96.77 (Mar 23) to 81.30, marking a decrease of 15.47.
For PBIT / Share (Rs.), as of Mar 24, the value is 57.33. This value is within the healthy range. It has decreased from 73.36 (Mar 23) to 57.33, marking a decrease of 16.03.
For PBT / Share (Rs.), as of Mar 24, the value is 55.50. This value is within the healthy range. It has decreased from 71.69 (Mar 23) to 55.50, marking a decrease of 16.19.
For Net Profit / Share (Rs.), as of Mar 24, the value is 41.11. This value is within the healthy range. It has decreased from 53.26 (Mar 23) to 41.11, marking a decrease of 12.15.
For PBDIT Margin (%), as of Mar 24, the value is 7.35. This value is below the healthy minimum of 10. It has decreased from 7.62 (Mar 23) to 7.35, marking a decrease of 0.27.
For PBIT Margin (%), as of Mar 24, the value is 5.18. This value is below the healthy minimum of 10. It has decreased from 5.78 (Mar 23) to 5.18, marking a decrease of 0.60.
For PBT Margin (%), as of Mar 24, the value is 5.01. This value is below the healthy minimum of 10. It has decreased from 5.64 (Mar 23) to 5.01, marking a decrease of 0.63.
For Net Profit Margin (%), as of Mar 24, the value is 3.71. This value is below the healthy minimum of 5. It has decreased from 4.19 (Mar 23) to 3.71, marking a decrease of 0.48.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.38. This value is within the healthy range. It has decreased from 20.37 (Mar 23) to 16.38, marking a decrease of 3.99.
For Return on Capital Employeed (%), as of Mar 24, the value is 21.49. This value is within the healthy range. It has decreased from 26.38 (Mar 23) to 21.49, marking a decrease of 4.89.
For Return On Assets (%), as of Mar 24, the value is 8.04. This value is within the healthy range. It has decreased from 9.74 (Mar 23) to 8.04, marking a decrease of 1.70.
For Asset Turnover Ratio (%), as of Mar 24, the value is 2.09. It has decreased from 2.23 (Mar 23) to 2.09, marking a decrease of 0.14.
For Current Ratio (X), as of Mar 24, the value is 1.27. This value is below the healthy minimum of 1.5. It has decreased from 1.28 (Mar 23) to 1.27, marking a decrease of 0.01.
For Quick Ratio (X), as of Mar 24, the value is 0.73. This value is below the healthy minimum of 1. It has decreased from 0.81 (Mar 23) to 0.73, marking a decrease of 0.08.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.26. This value is below the healthy minimum of 4. It has decreased from 3.98 (Mar 23) to 3.26, marking a decrease of 0.72.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 127.67. This value exceeds the healthy maximum of 50. It has decreased from 187.75 (Mar 23) to 127.67, marking a decrease of 60.08.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 80.65. This value exceeds the healthy maximum of 50. It has decreased from 130.43 (Mar 23) to 80.65, marking a decrease of 49.78.
For Earning Retention Ratio (%), as of Mar 24, the value is -27.67. This value is below the healthy minimum of 40. It has increased from -87.75 (Mar 23) to -27.67, marking an increase of 60.08.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 19.35. This value is below the healthy minimum of 40. It has increased from -30.43 (Mar 23) to 19.35, marking an increase of 49.78.
For Interest Coverage Ratio (X), as of Mar 24, the value is 44.24. This value is within the healthy range. It has decreased from 57.68 (Mar 23) to 44.24, marking a decrease of 13.44.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 23.37. This value is within the healthy range. It has decreased from 32.75 (Mar 23) to 23.37, marking a decrease of 9.38.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,418.88. It has increased from 2,301.32 (Mar 23) to 2,418.88, marking an increase of 117.56.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 1. It has increased from 0.78 (Mar 23) to 0.94, marking an increase of 0.16.
For EV / EBITDA (X), as of Mar 24, the value is 12.90. This value is within the healthy range. It has increased from 10.31 (Mar 23) to 12.90, marking an increase of 2.59.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.99. This value is below the healthy minimum of 1. It has increased from 0.84 (Mar 23) to 0.99, marking an increase of 0.15.
For Retention Ratios (%), as of Mar 24, the value is -27.67. This value is below the healthy minimum of 30. It has increased from -87.75 (Mar 23) to -27.67, marking an increase of 60.08.
For Price / BV (X), as of Mar 24, the value is 4.39. This value exceeds the healthy maximum of 3. It has increased from 4.09 (Mar 23) to 4.39, marking an increase of 0.30.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.99. This value is below the healthy minimum of 1. It has increased from 0.84 (Mar 23) to 0.99, marking an increase of 0.15.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 23) to 0.03, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Goodyear India Ltd as of April 3, 2025 is: 1,398.60

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 3, 2025, Goodyear India Ltd is Undervalued by 66.30% compared to the current share price 841.00

Intrinsic Value of Goodyear India Ltd as of April 3, 2025 is: 1,125.66

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 3, 2025, Goodyear India Ltd is Undervalued by 33.85% compared to the current share price 841.00

Last 5 Year EPS CAGR: -19.51%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 25.50%, which is a positive sign. The stock has a low average Working Capital Days of -7.00, which is a positive sign. The stock has a low average Cash Conversion Cycle of -5.42, which is a positive sign. The company has higher reserves (631.46 cr) compared to borrowings (5.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.31 cr) and profit (147.00 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 25.50%, which is a positive sign.
The stock has a low average Working Capital Days of -7.00, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -5.42, which is a positive sign.
The company has higher reserves (631.46 cr) compared to borrowings (5.23 cr), indicating strong financial stability.
The company has shown consistent growth in sales (1.31 cr) and profit (147.00 cr) over the years.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Goodyear India Ltd:
1. Net Profit Margin: 3.71%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 21.49% (Industry Average ROCE: 19.06%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.38% (Industry Average ROE: 16.02%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 23.37
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.73
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 42.1 (Industry average Stock P/E: 29.15)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Goodyear India Ltd. is a Public Limited Listed company incorporated on 28/03/1961 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L25111HR1961PLC008578 and registration number is 008578. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes for motor vehicles, motorcycles, scooters, three-wheelers, tractors and aircraft. Company's Total Operating Revenue is Rs. 2551.71 Cr. and Equity Capital is Rs. 23.07 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Tyres & Tubes	Mathura Road, Ballabgarh, Faridabad Dist. Haryana 121004	goodyearindia_investorcell@goodyear.com http://www.goodyear.co.in

Management
Name	Position Held
Mr. Sandeep Mahajan	Chairman & Managing Director
Mr. Nitesh Kumar Jain	Non Executive Director
Mr. Rajiv Lochan Jain	Independent Director
Mr. Rajeev Kher	Independent Director
Ms. Uma Ratnam Krishnan	Independent Director

FAQ

What is the intrinsic value of Goodyear India Ltd?

Goodyear India Ltd's intrinsic value (as of 02 April 2025) is ₹1398.60 — 66.30% higher the current market price of ₹841.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,940 Cr. market cap, FY2025-2026 high/low of ₹1,260/806, reserves of 564 Cr, and liabilities of 1,275 Cr.

What is the Market Cap of Goodyear India Ltd?

The Market Cap of Goodyear India Ltd is 1,940 Cr..

What is the current Stock Price of Goodyear India Ltd as on 02 April 2025?

The current stock price of Goodyear India Ltd as on 02 April 2025 is 841.

What is the High / Low of Goodyear India Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Goodyear India Ltd stocks is ₹1,260/806.

What is the Stock P/E of Goodyear India Ltd?

The Stock P/E of Goodyear India Ltd is 42.1.

What is the Book Value of Goodyear India Ltd?

The Book Value of Goodyear India Ltd is 255.

What is the Dividend Yield of Goodyear India Ltd?

The Dividend Yield of Goodyear India Ltd is 1.78 %.

What is the ROCE of Goodyear India Ltd?

The ROCE of Goodyear India Ltd is 22.0 %.

What is the ROE of Goodyear India Ltd?

The ROE of Goodyear India Ltd is 16.0 %.

What is the Face Value of Goodyear India Ltd?

The Face Value of Goodyear India Ltd is 10.0.