Goodyear India Limited (GOODYEAR) AI Stock Analysis

Goodyear India Limited

(NSE:GOODYEAR)

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Rating:63Neutral

Price Target:$756.00▲(12.07% Upside)

Action:initiatedcoverage

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 SheetVery 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 VolatilityThe 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.

Goodyear India Limited (GOODYEAR) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 16.31B
Dividend Yield: 3.92%
Average Volume (3M): 1,624
Price to Earnings (P/E): 29.0
Beta (1Y): 0.84
Revenue Growth: 0.82%
EPS Growth: 21.95%
Country: India
Employees: 974
Sector: General
Sector Strength: 55
Industry: Auto - Parts

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, comm...

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 (OEM...

Goodyear India Limited Financial Statement Overview

Summary

Overall financials are stable, led by a strong balance sheet (very low leverage and stable equity) and consistently positive operating cash flow/free cash flow. The key drag is the income statement: revenue volatility and a structurally lower margin profile versus earlier years, culminating in a notable revenue drop in FY2026 and weaker returns on equity in FY2025–FY2026.

Income Statement

62Positive

Balance Sheet

86Very Positive

Cash Flow

72Positive

Financial statement breakdown
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	1.21B	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	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	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	1.03B	1.11B	875.80M	11.70M	158.80M
Operating Cash Flow	0	1.17B	1.35B	1.42B	1.12B	893.20M
Investing Cash Flow	0	-136.20M	-240.50M	-338.00M	905.90M	-499.70M
Financing Cash Flow	0	-619.60M	-403.40M	-1.30B	-2.41B	-2.36B

Goodyear India Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price674.60

Price Trends

50DMA708.05Negative

100DMA739.11Negative

200DMA745.57Negative

Market Momentum

MACD-10.96Negative

RSI43.91Neutral

STOCH45.22Neutral

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 674.60 is below the 20-day moving average (MA) of 678.31, below the 50-day MA of 708.05, and below the 200-day MA of 745.57, indicating a bearish trend. The MACD of -10.96 indicates Negative momentum. The RSI at 43.91 is Neutral, neither overbought nor oversold. The STOCH value of 45.22 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GOODYEAR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:MRF	79Outperform	INR 495.40B	20.53	―	0.20%	11.37%	34.26%
IN:APOLLOTYRE	77Outperform	INR 241.15B	14.46	―	1.53%	11.23%	105.46%
IN:CEATLTD	69Neutral	INR 125.01B	25.29	―	1.08%	24.48%	4.36%
IN:GOODYEAR	63Neutral	INR 15.34B	29.01	―	3.92%	0.82%	21.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TVSSRICHAK	52Neutral	INR 31.42B	33.72	―	0.92%	18.56%	244.54%
IN:JKTYRE	47Neutral	INR 87.06B	18.66	―	1.24%	12.54%	-11.70%

* General Sector Average

Performance Comparison

IN:GOODYEAR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GOODYEAR	Goodyear India Limited	674.60	-281.43	-29.44%
IN:APOLLOTYRE	Apollo Tyres Limited.	391.55	-124.09	-24.06%
IN:CEATLTD	CEAT Limited	3231.80	-730.84	-18.44%
IN:JKTYRE	JK Tyre & Industries Limited	323.60	-125.48	-27.94%
IN:MRF	MRF Limited	116974.30	-40632.73	-25.78%
IN:TVSSRICHAK	TVS Srichakra Limited	4103.00	-45.82	-1.10%

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.

Date of analysis: Sep 22, 2026

Goodyear India Limited AI Stock Analysis