Current price is less than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

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

Goodyear India standalone net profit declines 60.28% in the December 2021 quarter

Goodyear India Q2 PAT falls 20% at Rs 39 cr; impacted by higher raw material costs

Solid volume growth of 40% yoy driven by Consumer Replacement business.

Goodyear India Q2 revenue increases 45% yoy to Rs705cr; Stock up 1%

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

Goodyear India Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

Goodyear India Q2 net dips 31% to Rs 27 crore

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

Goodyear India surges ~6% on exceptional Q1FY23 growth numbers

Goodyear India Ltd leads losers in ‘B’ group

Tyre stock announces 200% dividend, 800% special dividend

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

Goodyear India Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

Goodyear India Q2 net dips 31% to Rs 27 crore

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

Goodyear India surges ~6% on exceptional Q1FY23 growth numbers

Goodyear India Ltd leads losers in ‘B’ group

Tyre stock announces 200% dividend, 800% special dividend

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

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock