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Goodyear India Limited
(GOODYEAR)
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Rating:63Neutral
Price Target:
$756.00
Action:N/A
Date:09/22/26
The score is primarily supported by financial stability—especially very low leverage and consistently positive free cash flow—offset by weakening/volatile operating performance (revenue and margin compression) and a poor technical picture (below key moving averages with negative MACD). Valuation is neutral-to-slightly negative due to a higher P/E, partially balanced by a solid dividend yield.
Positive Factors
Conservative Balance Sheet
Very low leverage reduces financial risk and preserves flexibility through agricultural and commercial-vehicle tyre cycles. A stable equity base can support continued operations and investment without excessive reliance on borrowing, while limiting the burden of interest costs during weaker demand periods.
Negative Factors
Revenue Volatility
The uneven revenue path indicates that demand and sales volumes remain sensitive to conditions in the agricultural and commercial-vehicle markets. A notable FY2026 decline can reduce operating leverage, weaken planning visibility, and make sustained earnings growth harder to achieve over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage reduces financial risk and preserves flexibility through agricultural and commercial-vehicle tyre cycles. A stable equity base can support continued operations and investment without excessive reliance on borrowing, while limiting the burden of interest costs during weaker demand periods.
Read all positive factors
Goodyear India Limited (GOODYEAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.26B
Dividend Yield3.81%
Average Volume (3M)1.12K
Price to Earnings (P/E)29.8
Beta (1Y)0.84
Revenue Growth0.82%
EPS Growth21.95%
CountryIN
Employees974
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)23.37
Shares Outstanding23,066,507
10 Day Avg. Volume1,128
30 Day Avg. Volume1,124
Financial Highlights & Ratios
PEG Ratio2.16
Price to Book (P/B)2.53
Price to Sales (P/S)0.62
P/FCF Ratio14.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)61.6
Revenue Forecast (FY)₹21.32B
Goodyear India Limited Business Overview & Revenue Model
Company Description
Goodyear India Limited operates within India, focusing on the manufacturing and sale of tires under the Goodyear brand. The company's product line features a diverse array of automotive tires, including those designed for agricultural machinery, c...
How the Company Makes Money
Goodyear India Limited primarily makes money by manufacturing and selling tyres in India, with revenues largely driven by (1) replacement-market sales through distributors/dealers/retail channels and (2) sales to original equipment manufacturers (...
Goodyear India Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.00B | 24.76B | 26.08B | 25.52B | 29.18B | 24.29B |
| Gross Profit | 5.45B | 4.83B | 4.43B | 4.73B | 7.27B | 6.84B |
| EBITDA | 1.19B | 1.38B | 1.34B | 1.88B | 2.23B | 1.95B |
| Net Income | 539.00M | 615.00M | 551.20M | 948.50M | 1.23B | 1.03B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.54B | 12.44B | 11.79B | 12.61B | 13.65B |
| Cash, Cash Equivalents and Short-Term Investments | 2.31B | 2.36B | 1.90B | 1.19B | 1.58B | 3.86B |
| Total Debt | 0.00 | 269.50M | 291.50M | 68.90M | -210.90M | -104.50M |
| Total Liabilities | -6.06B | 6.47B | 6.41B | 5.98B | 6.55B | 6.50B |
| Stockholders Equity | 6.06B | 6.06B | 6.03B | 5.81B | 6.06B | 7.15B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.03B | 1.11B | 875.80M | 11.70M | 158.80M |
| Operating Cash Flow | 0.00 | 1.17B | 1.35B | 1.42B | 1.12B | 893.20M |
| Investing Cash Flow | 0.00 | -136.20M | -240.50M | -338.00M | 905.90M | -499.70M |
| Financing Cash Flow | 0.00 | -619.60M | -403.40M | -1.30B | -2.41B | -2.36B |
Goodyear India Limited Technical Analysis
Negative
―
Price Trends
755.79
Negative
746.77
Negative
759.78
Negative
Market Momentum
-14.48
Negative
30.19
Neutral
7.68
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOODYEAR, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 715.85, equal to the 50-day MA of 755.79, and equal to the 200-day MA of 759.78, indicating a bearish trend. The MACD of -14.48 indicates Negative momentum. The RSI at 30.19 is Neutral, neither overbought nor oversold. The STOCH value of 7.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GOODYEAR.
Goodyear India Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹132.09B | 22.50 | ― | 1.06% | 21.48% | 36.97% | |
70 Outperform | ₹256.71B | 15.01 | ― | 1.48% | 11.23% | 105.46% | |
67 Neutral | ₹531.43B | 21.73 | ― | 0.19% | 11.37% | 34.26% | |
63 Neutral | ₹16.26B | 29.76 | ― | 3.81% | 0.82% | 21.95% | |
58 Neutral | ₹34.28B | 36.05 | ― | 0.87% | 18.56% | 244.54% | |
56 Neutral | ₹100.04B | 14.70 | ― | 1.18% | 9.93% | 40.80% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:GOODYEAR
Goodyear India Limited
695.40
-254.91
-26.82%
IN:APOLLOTYRE
Apollo Tyres Limited.
405.45
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-13.17%
IN:CEATLTD
CEAT Limited
3,287.05
-188.71
-5.43%
IN:JKTYRE
JK Tyre & Industries Limited
340.35
-29.13
-7.88%
IN:MRF
MRF Limited
123,045.40
-29,757.43
-19.47%
IN:TVSSRICHAK
TVS Srichakra Limited
4,340.45
661.32
17.98%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.