Goodyear India Limited

NSE: GOODYEAR · Tyres & Rubber Products

52W Range₹660 ₹1,022

Snapshot

Unlock Goodyear India Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Goodyear India Limited manufactures and trades automotive tyres, including farm, commercial truck, and passenger radial tyres. The company also markets tubes and flaps, serving both original equipment manufacturers and the replacement market.

Business Model

The company generates revenue through the production and distribution of tyres under the Goodyear brand, leveraging a subsidiary relationship with Goodyear Orient Company. It operates through a mix of direct sales to automotive manufacturers and a broader retail network for replacement tyres.

  • Incorporation Year:1922

Growth Outlook

Growth is primarily driven by the expansion of the Indian automotive sector and increasing demand for high-performance radial tyres. The company continues to focus on strengthening its presence in the farm and commercial vehicle segments.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of natural rubber and crude oil derivatives significantly impact manufacturing costs and profit margins.
  • Intense Market Competition. The Indian tyre industry is highly competitive, with both domestic and international players exerting pressure on pricing and market share.
  • Cyclical Automotive Demand. The company's performance is closely linked to the cyclical nature of the automotive industry and overall economic growth in India.
  • Regulatory and Environmental Standards. Stricter environmental regulations regarding tyre manufacturing and disposal could lead to increased compliance costs.

Price

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Key Metrics

REVENUE

₹2,476 Cr

TTM · standalone

-5.1%YoY

NET PROFIT

₹62 Cr

TTM · standalone

+11.6%YoY

EPS

₹26.67

TTM · standalone

+11.6%YoY

RETURN ON EQUITY

10.2%

TTM · standalone

+0.8 ppYoY

RETURN ON CAPITAL EMPLOYED

13.3%

TTM · standalone

+0.6 ppYoY

P/E

30.7x

Q4 FY26 · standalone

30.7 vs 23.5x5Y avg

EV/EBITDA

10.9x

Q4 FY26 · standalone

10.9 vs 10.1x5Y avg

EBITDA MARGIN

6.4%

TTM · standalone

+1.3 ppYoY

NET PROFIT MARGIN

1.6%

Q4 FY26 · standalone

+0.8 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · standalone

+0.00xYoY

Peers · Tyres & Rubber Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Goodyear India LimitedGOODYEAR
1,63630.6710.93-5.1%6.4%10.2%13.3%-22.8%
Ceat Ltd.CEATLTD
13,97522.168.8418.6%13.3%15.4%20.6%-1.2%
JK Tyre & Industries Ltd.JKTYRE
11,58715.207.9611.1%12.8%15.1%16.0%+14.5%
TVS Srichakra LimitedTVSSRICHAK
2,67345.0713.4712.0%8.1%6.0%9.3%+28.3%
Tolins TyresTOLINS
37711.358.2111.9%15.5%10.7%13.9%-35.9%
V R WoodartVRWODAR
340328.30240.271.0%-101.2%-49.1%

As of Q4 FY26

Financials