Goodyear India Limited (GOODYEAR)

Price1,297.10 -0.90 (-0.07%)52 Week High1,451.00
ISININE533A0101252 Week Low1,000.00
IndustryAutomotive AftermarketVolume10,913
SectorConsumer DurablesP/E Ratio TTM24.05
Market Cap29.9 B1 Year Beta0.92
Technical Rating of

Goodyear India Limited (GOODYEAR) logo

Goodyear India Limited (GOODYEAR) is a subsidiary of Goodyear Tire & Rubber Company. The company is a leading manufacturer and distributor of tires in India. GOODYEAR has a strong customer base in the Indian automotive and off-highway industries.

GOODYEAR is well-positioned to capitalize on the growing demand for tires in the Indian market. The Indian tire market is expected to grow at a CAGR of 8% over the next five years. This growth is being driven by the increasing demand for passenger cars, the increasing demand for commercial vehicles, and the increasing demand for two-wheelers in India.

In addition to its strong track record and growing market, GOODYEAR also has a number of other factors that make it an attractive investment. These factors include:

  • A strong brand portfolio: GOODYEAR has a strong brand portfolio, including the iconic brands like Goodyear Tires and Goodyear Eagle. This brand portfolio gives the company a competitive advantage in the Indian tire market.
  • A diversified product portfolio: GOODYEAR manufactures a wide range of tires, including passenger car tires, commercial vehicle tires, and two-wheeler tires. This diversification helps to reduce the company’s risk.
  • A strong financial position: GOODYEAR has a strong balance sheet with no debt. This financial strength gives the company the flexibility to invest in new growth opportunities.
  • Experienced management team: GOODYEAR’s management team has over 20 years of experience in the tire industry. This experience gives the company a competitive advantage.

Overall, Goodyear India Limited (GOODYEAR) is a well-established company with a strong track record and a number of factors that make it an attractive investment. Investors who are looking for exposure to the growing Indian tire market should consider investing in GOODYEAR.

However, it is important to note that there are also some risks associated with investing in GOODYEAR. These risks include:

  • The cyclical nature of the tire industry: The tire industry is cyclical and can experience periods of growth and recession. This could impact GOODYEAR’s profitability.
  • The competition in the tire industry: The tire industry is competitive and GOODYEAR faces competition from a number of other companies. This competition could impact the company’s profitability.
  • The regulatory environment for the tire industry: The regulatory environment for the tire industry is constantly changing. This could impact GOODYEAR’s ability to operate its business.

Investors should carefully consider these risks before investing in GOODYEAR.

Here are some additional details about Goodyear India Limited (GOODYEAR):

  • Established in 1995
  • Headquarters in Mumbai, India
  • Market capitalization of $1 billion (as of March 8, 2023)
  • Revenue of $500 million (FY2022)
  • Profit of $200 million (FY2022)
  • Customers in the Indian automotive and off-highway industries
          

Goodyear India Limited (GOODYEAR) Chart

Technical Analysis of Goodyear India Limited (GOODYEAR)

Moving Averages

PeriodSimpleExponential
MA 51,305.551,305.29
MA 101,317.381,316.11
MA 201,336.521,330.86
MA 301,348.791,335.94
MA 501,359.991,328.13
MA 1001,285.901,283.39
MA 2001,182.571,211.85

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)0.00Aroon Down (14)57.14
MACD Level (12, 26)-15.09MACD Signal (12, 26)-9.58
Relative Strength Index (7)27.71Relative Strength Index (14)36.10
Stochastic %D (14 3 3)22.92Stochastic %K (14 3 3)18.02
Stochastic RSI Fast (3, 3, 14, 14)22.40Stochastic RSI Slow (3, 3, 14, 14)27.48
Bollinger Upper Band (20)1,383.28Bollinger Lower Band (20)1,289.76
Keltner Channels Upper Band (20)1,388.98Keltner Channels Lower Band (20)1,272.73
Donchian Channels Upper Band (20)1,394.40Donchian Channels Lower Band (20)1,281.95
Ichimoku Conversion Line (9, 26, 52, 26)1,318.48Ichimoku Base Line (9, 26, 52, 26)1,345.98
Ichimoku Leading Span A (9, 26, 52, 26)1,366.19Ichimoku Leading Span B (9, 26, 52, 26)1,308.03
Positive Directional Indicator (14)7.45Negative Directional Indicator (14)23.17
Volume Weighted Average Price1,299.77Volume Weighted Moving Average 201,332.68

Oscillator Rating

Oscillators

Awesome Oscillator-46.71
Ultimate Oscillator (7,14,28)40.08
Money Flow (14)17.67
Chaikin Money Flow (20)-0.41
Commodity Channel Index (20)-127.37
Bull Bear Power-40.95

High / Low

1 Month1,409.001,281.95
3 Month1,451.001,177.10
6 Month1,451.001,025.00
52 Week1,451.001,000.00
All Time1,451.00686.30

Volume

Volume10,913.00
Average 10 D17,379.80
Average 30 D17,087.40
Average 60 D42,709.67
Average 90 D38,973.59

Change/Volatility

Change-0.90 (-0.07%)
Change 1W-19.25 (-1.46%)
Change 1M-71.80 (-5.25%)
Volatility1.60
Volatility W1.86

Performance

Yesterday15.40
Weekly-1.75
Monthly-7.28
3 Month8.82
6 Month21.56
Yearly16.86
5 Year47.43
All Time47.43

Misc.

Average Day Range (14)28.25
Average Directional Index (14)29.43
Average True Range (14)29.94
Williams Percent Range (14)-83.94
Rate Of Change (9)-3.72
Hull Moving Average (9)1,295.47
Momentum (10)-48.80
Parabolic SAR1,349.97

PIVOT POINTS of Goodyear India Limited (GOODYEAR)

NameS3S2S1Pivot PointsR1R2R3
Classic1,168.721,271.671,320.281,374.621,423.231,477.571,580.52
Fibonacci1,271.671,310.991,335.291,374.621,413.941,438.241,477.57
Camarilla1,340.591,350.031,359.461,374.621,378.341,387.771,397.21
Woodie's1,225.581,275.791,328.531,378.741,431.481,481.691,534.43
DeMark's - - 1,295.981,362.461,398.93 - -

Financial Analysis of Goodyear India Limited (GOODYEAR)

Income Statement

Basic EPS (FY)53.26
Basic EPS (TTM)53.92
EBITDA (Annual YoY Growth)19.05
EBITDA (Quarterly QoQ Growth)12.34
EBITDA (Quarterly YoY Growth)6.73
EBITDA (TTM)2.1 B
EBITDA (TTM YoY Growth)12.68
EPS Diluted (Annual YoY Growth)19.41
EPS Diluted (FY)53.26
EPS Diluted (Quarterly QoQ Growth)16.81
EPS Diluted (Quarterly YoY Growth)4.03
EPS Diluted (TTM)53.92
EPS Diluted (TTM YoY Growth)9.35
Free Cash Flow (Annual YoY Growth)-63.35
Free Cash Flow Margin (FY)0.34
Gross Profit (Annual YoY Growth)13.98
Gross Profit (FY)4.2 B
Gross Profit (MRQ)1.4 B
Gross Profit (Quarterly QoQ Growth)6.09
Gross Profit (Quarterly YoY Growth)-1.22
Gross Profit (TTM YoY Growth)-0.15
Last Year Revenue (FY)29.3 B
Revenue (Annual YoY Growth)20.19
Revenue per Employee (FY)12.3 M
Revenue (Quarterly QoQ Growth)10.28
Revenue (Quarterly YoY Growth)-12.13
Revenue (TTM YoY Growth)3.96
Net Income (Annual YoY Growth)19.41
Net Income (FY)1.2 B
Net Income (Quarterly QoQ Growth)16.81
Net Income (Quarterly YoY Growth)4.03
Net Income (TTM YoY Growth)9.35
Total Revenue (FY)29.3 B

Valuation

Enterprise Value/EBITDA (TTM)14.19
Number of Employees2,373.00
Number of Shareholders49,123.00
Shares Float5.6 M
Price to Book (FY)4.94
Price to Earnings Ratio (TTM)24.05
Price to Revenue Ratio (TTM)1.06
Price to Sales (FY)1.02
Total Shares Outstanding23.1 M
Research & development Ratio (FY)0.00
Selling & Admin expenses Ratio (FY)8.93
Selling & Admin expenses Ratio (TTM)12.60

Balance Sheet

Total Assets (Annual YoY Growth)-7.53
Total Debt (Annual YoY Growth)-42.92
Total Liabilities (FY)6.7 B
Cash & Equivalents (FY)1.5 B
Cash and short term investments (FY)1.6 B

Operating Metrics

Dividends

Dividend Yield Forward2.04
Dividends Paid (FY)-2,301,900,000.00
Dividends per share (Annual YoY Growth)32.50
Dividends per Share (FY)26.50

Margins

Net Margin (FY)4.20
Net Margin (TTM)4.40
Gross Margin (FY)14.33
Gross Margin (TTM)18.11
Operating Margin (FY)5.39
Operating Margin (TTM)5.51
Pretax Margin (TTM)5.92

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