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Swing Capital

Goodyear India Ltd

NSE: GOODYEAR BSE: 500168

Goodyear India is engaged in the business of manufacturing and trading of tyres, tubes, and flaps It is a leading player in the India farm tyre market[1]

₹733
52W: ₹660 — ₹1071
PE 29.8 · Book ₹249 · +194% vs book
Market Cap₹1,690 Cr
Stock P/E29.8Price to Earnings
ROCE13%Return on Capital
ROE9.31%Return on Equity
Div. Yield3.26%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 83.2%

Weaknesses

  • −The company has delivered a poor sales growth of 8.36% over past five years.

Shareholding Pattern

Promoters74%
FIIs0.27%
DIIs8.01%
Public17.73%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74%74%74%74%74%74%74%74%
FIIs0.74%0.73%▼0.00.7%▼0.00.59%▼0.10.59%0.41%▼0.20.34%▼0.10.27%▼0.1
DIIs8.05%8.05%8.15%▲0.18.08%▼0.18.06%▼0.08.03%▼0.08.01%▼0.08.01%
Public17.21%17.22%▲0.017.16%▼0.117.32%▲0.217.35%▲0.017.56%▲0.217.65%▲0.117.73%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales690591551691682632603656596607
Expenses629552545647651608585628570565
Operating Profit6140544312417282742
OPM %9%7%1%6%5%4%3%4%4%7%
Net Profit3822-4251695141325
EPS ₹16.459.48-1.8310.856.824.112.116.125.6710.68

AI Insights

Revenue Trend

TTM revenue at ₹2,462Cr, down 5.6% YoY. OPM at 5%.

Debt Position

Borrowings at ₹28Cr. Debt-to-equity ratio: 0.05x. Healthy balance sheet.

Capex Cycle

CWIP at ₹29Cr (8% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.01% (+0.38pp change). FIIs: 0.27% (-0.66pp change). Promoters hold 74%.

Margin & Efficiency

ROCE declining from 37% (Dec 2013) to 13% (Mar 2025). Working capital days: 2.

Valuation

PE 29.8x with 13% ROCE. Price is 194% above book value of ₹249. Dividend yield: 3.26%.

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