The company’s excellent balance sheet strength (zero debt company) and its MNC parentage drives
confidence on the company.

Goodyear India - A Good Bet On Rural Prosperity: HDFC Securities

Sandeep Mahajan, Chairman and Managing Director, Goodyear India, said that the near-term concerns around the macro environment remain.

Goodyear shares skid 4% after management says near-term challenges persist

The company’s consolidated revenue from operation rose by 9.19 per cent to Rs 653 crore for the March quarter as compared to Rs 598 crore in the year-ago period

Goodyear India profit rises 93% to Rs 33.61 crore in March quarter

Read on to know why the brokerage is betting on these two stocks and what the target price should be:

Siyaram Silk Mills, Goodyear India are HDFC Securities’ top fundamental picks

Revenue from operations rose to Rs 767 crore in the period under review as compared with Rs 698 crore in the September quarter of the previous fiscal, Goodyear India said in a statement.

Goodyear India Q2 net dips 31% to Rs 27 crore

Goodyear India standalone net profit declines 30.80% in the September 2022 quarter

The company stated that it continues to focus on tight cost management to offset macro headwinds.

Goodyear India surges ~6% on exceptional Q1FY23 growth numbers

Dynemic Products Ltd Partly Paidup, Manugraph India Ltd, Wardwizard Innovations & Mobility Ltd PartlyPaidup and Indo Rama Synthetics (India) Ltd are among the other losers in the BSE’s ‘B’ group today, 22 July 2022.

Goodyear India Ltd leads losers in ‘B’ group

Dividend paying stock: Goodyear India share price today is around ₹1020 per equity share and the dividend and special dividend announced is ₹100 ( ₹20 + ₹80), which means annual dividend yield of Goodyear India is whopping 9.8 per cent

Tyre stock announces 200% dividend, 800% special dividend

Goodyear India Ltd is a small-cap company with a market capitalization of ₹2,310 crore that operates in the consumer discretionary sector.

This small-cap tyre stock recommends a dividend of ₹100 per share

ATMA members include Apollo Tyres, Bridgestone India, Ceat, Continental India, Goodyear India, JK Tyre & Industries, Michelin, MRF and TVS Srichakra

Satish Sharma, Gaganjot Singh elected as ATMA Chairman and Vice-Chairman

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is engaged in the manufacturing and trading of tires, tubes and flaps. The Company supplies tires to a range of original equipment manufacturers (OEMs).

Goodyear India Ltd