- Markets
- Auto & Auto Ancillary
- GOODYEAR
GOODYEAR
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- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
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Summary
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Recent events
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News
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Corporate Actions
Goodyear India Appoints Arvind Bhandari As Chairman Of The Board
Dec 30 (Reuters) - Goodyear India Ltd GDYR.BO:
APPOINTS ARVIND BHANDARI AS CHAIRMAN OF THE BOARD
APPOINTS ARVIND BHANDARI AS ADDITIONAL DIRECTOR AND MANAGING DIRECTOR
Source text: ID:nBSE4sw28q
Further company coverage: GDYR.BO
(([email protected];;))
Dec 30 (Reuters) - Goodyear India Ltd GDYR.BO:
APPOINTS ARVIND BHANDARI AS CHAIRMAN OF THE BOARD
APPOINTS ARVIND BHANDARI AS ADDITIONAL DIRECTOR AND MANAGING DIRECTOR
Source text: ID:nBSE4sw28q
Further company coverage: GDYR.BO
(([email protected];;))
Goodyear India Temporarily Closes Ballabgarh Plant For Maintenance
Dec 23 (Reuters) - Goodyear India Ltd GDYR.BO:
GOODYEAR INDIA LTD - TEMPORARILY CLOSES BALLABGARH PLANT FOR MAINTENANCE
Source text: ID:nBSE6J75NY
Further company coverage: GDYR.BO
(([email protected];;))
Dec 23 (Reuters) - Goodyear India Ltd GDYR.BO:
GOODYEAR INDIA LTD - TEMPORARILY CLOSES BALLABGARH PLANT FOR MAINTENANCE
Source text: ID:nBSE6J75NY
Further company coverage: GDYR.BO
(([email protected];;))
Goodyear India Appoints Varsha Chaudhary Jain As Chairperson
Nov 11 (Reuters) - Goodyear India Ltd GDYR.BO:
GOODYEAR INDIA LTD - APPOINTS VARSHA CHAUDHARY JAIN AS CHAIRPERSON
Source text: ID:nBSE54n8m0
Further company coverage: GDYR.BO
(([email protected];))
Nov 11 (Reuters) - Goodyear India Ltd GDYR.BO:
GOODYEAR INDIA LTD - APPOINTS VARSHA CHAUDHARY JAIN AS CHAIRPERSON
Source text: ID:nBSE54n8m0
Further company coverage: GDYR.BO
(([email protected];))
Goodyear India Sept-Qtr Profit 157.4 Mln Rupees
Oct 22 (Reuters) - Goodyear India Ltd GDYR.BO:
SEPT-QUARTER PROFIT 157.4 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 6.82 BILLION RUPEES
EXPECT CONTINUED GROWTH IN RURAL ECONOMY IN COMING QUARTERS
Source text for Eikon: ID:nBSE9SDJHp
Further company coverage: GDYR.BO
(([email protected];;))
Oct 22 (Reuters) - Goodyear India Ltd GDYR.BO:
SEPT-QUARTER PROFIT 157.4 MILLION RUPEES
SEPT-QUARTER REVENUE FROM OPERATIONS 6.82 BILLION RUPEES
EXPECT CONTINUED GROWTH IN RURAL ECONOMY IN COMING QUARTERS
Source text for Eikon: ID:nBSE9SDJHp
Further company coverage: GDYR.BO
(([email protected];;))
Goodyear India Gets Tax Demand Of 22.3 Million Rupees
Sept 25 (Reuters) - Goodyear India Ltd GDYR.BO:
GOODYEAR INDIA - GETS TAX DEMAND OF 22.3 MILLION RUPEES, INTEREST OF 13.4 MILLION RUPEES
Source text for Eikon: ID:nBSE9F3hC0
Further company coverage: GDYR.BO
(([email protected];;))
Sept 25 (Reuters) - Goodyear India Ltd GDYR.BO:
GOODYEAR INDIA - GETS TAX DEMAND OF 22.3 MILLION RUPEES, INTEREST OF 13.4 MILLION RUPEES
Source text for Eikon: ID:nBSE9F3hC0
Further company coverage: GDYR.BO
(([email protected];;))
India's Goodyear falls on Q4 loss
** Shares of Goodyear India GDYR.BO down 5.5% to 1,143.5 rupees, its steepest one-day pct fall since early-Feb
** Tires and tubes maker posted Q4 loss of 42.1 million rupees ($506,329) vs profit of 336.1 mln rupees yr ago
** Co's total expenses came in at 5.6 bln rupees, down 8% Y/Y; rev, however, fell 15.6% to 5.54 bln rupees
** More than 18,000 shares traded, ~3x its 30-day avg
** Stock down 6.44% in last 12 months, compared to a ~50% and 72.6% rise in MRF MRF.NS and CEAT CEAT.NS
($1 = 83.1475 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Goodyear India GDYR.BO down 5.5% to 1,143.5 rupees, its steepest one-day pct fall since early-Feb
** Tires and tubes maker posted Q4 loss of 42.1 million rupees ($506,329) vs profit of 336.1 mln rupees yr ago
** Co's total expenses came in at 5.6 bln rupees, down 8% Y/Y; rev, however, fell 15.6% to 5.54 bln rupees
** More than 18,000 shares traded, ~3x its 30-day avg
** Stock down 6.44% in last 12 months, compared to a ~50% and 72.6% rise in MRF MRF.NS and CEAT CEAT.NS
($1 = 83.1475 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
Goodyear India Posts March-Quarter Loss Versus Profit
May 27 (Reuters) - Goodyear India Ltd GDYR.BO:
MARCH-QUARTER LOSS 42.1 MILLION RUPEES VERSUS PROFIT 336.1 MILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 5.51 BILLION RUPEES VERSUS 6.53 BILLION RUPEES
FINAL DIVIDEND 15 RUPEES PER SHARE
MANISH MUNDRA RESIGNS AS CFO
Further company coverage: GDYR.BO
(([email protected];))
May 27 (Reuters) - Goodyear India Ltd GDYR.BO:
MARCH-QUARTER LOSS 42.1 MILLION RUPEES VERSUS PROFIT 336.1 MILLION RUPEES
MARCH-QUARTER REVENUE FROM OPERATIONS 5.51 BILLION RUPEES VERSUS 6.53 BILLION RUPEES
FINAL DIVIDEND 15 RUPEES PER SHARE
MANISH MUNDRA RESIGNS AS CFO
Further company coverage: GDYR.BO
(([email protected];))
Goodyear India Says Manish Mundra Has Tendered His Resignation As CFO
May 2 (Reuters) - Goodyear India Ltd GDYR.BO:
MANISH MUNDRA HAS TENDERED HIS RESIGNATION AS CFO
Further company coverage: GDYR.BO
(([email protected];))
May 2 (Reuters) - Goodyear India Ltd GDYR.BO:
MANISH MUNDRA HAS TENDERED HIS RESIGNATION AS CFO
Further company coverage: GDYR.BO
(([email protected];))
Goodyear India Dec-Quarter Profit Falls
Feb 2 (Reuters) -
DEC-QUARTER PROFIT 218.6 MILLION RUPEES VERSUS 244.1 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 5.91 BILLION RUPEES VERSUS 6.89 BILLION RUPEES
DIVIDEND 26 RUPEES PER SHR
DIVIDEND AT 26 RUPEES PER SHARE, A SPECIAL DIVIDEND
(([email protected];))
Feb 2 (Reuters) -
DEC-QUARTER PROFIT 218.6 MILLION RUPEES VERSUS 244.1 MILLION RUPEES
DEC-QUARTER REVENUE FROM OPERATIONS 5.91 BILLION RUPEES VERSUS 6.89 BILLION RUPEES
DIVIDEND 26 RUPEES PER SHR
DIVIDEND AT 26 RUPEES PER SHARE, A SPECIAL DIVIDEND
(([email protected];))
Tyremaker Goodyear India posts 40% jump in Q2 profit on subdued input costs
BENGALURU, Oct 27 (Reuters) - Tyre manufacturer Goodyear India GDYR.NS reported a 40% rise in second-quarter profit on Friday as its raw material spends declined.
Standalone profit for the Indian unit of U.S.-based Goodyear Tire and Rubber Co GT.O rose to 379.4 million rupees ($4.6 million) in the three months to Sept. 30 from 271 million rupees a year earlier.
Rubber prices have contracted sequentially for the second quarter in a row as production and consumption in China, which consumes about 40% of global natural rubber, has been sluggish, according to analysts.
Goodyear's total expenses fell more than 12%, led by nearly a 30% decline in input costs, while revenue dropped about 10% to 6.90 billion rupees.
Poor monsoons have made commercial vehicles such as tractors less affordable for India's rural population, hurting automakers and auto-ancillary companies.
Goodyear has reported a profit climb in each of the last five quarters.
Rival CEAT CEAT.NS earlier this month reported soaring second-quarter profit, while other peers MRF MRF.NS, JK Tyre and Industries JKIN.NS and Apollo Tyres APLO.NS will report next month.
($1 = 83.2070 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Sohini Goswami)
(([email protected];))
BENGALURU, Oct 27 (Reuters) - Tyre manufacturer Goodyear India GDYR.NS reported a 40% rise in second-quarter profit on Friday as its raw material spends declined.
Standalone profit for the Indian unit of U.S.-based Goodyear Tire and Rubber Co GT.O rose to 379.4 million rupees ($4.6 million) in the three months to Sept. 30 from 271 million rupees a year earlier.
Rubber prices have contracted sequentially for the second quarter in a row as production and consumption in China, which consumes about 40% of global natural rubber, has been sluggish, according to analysts.
Goodyear's total expenses fell more than 12%, led by nearly a 30% decline in input costs, while revenue dropped about 10% to 6.90 billion rupees.
Poor monsoons have made commercial vehicles such as tractors less affordable for India's rural population, hurting automakers and auto-ancillary companies.
Goodyear has reported a profit climb in each of the last five quarters.
Rival CEAT CEAT.NS earlier this month reported soaring second-quarter profit, while other peers MRF MRF.NS, JK Tyre and Industries JKIN.NS and Apollo Tyres APLO.NS will report next month.
($1 = 83.2070 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Sohini Goswami)
(([email protected];))
India's MRF hits record high on Q1 profit jump
** Shares of MRF MRF.NS rise as much as 3.31% to a record high of 105,989 rupees
** The tyre manufacturer reported a more than five-fold jump in June-qtr profit from cont. ops to 5.81 billion rupees while rev from ops rose 12.9% YoY
** Co also approved re-appointment of K M Mammen as managing director
** Share price above 50-day, 100-day and 200-day exponential moving averages since April 27, suggesting bullish trend
** More than 11,000 shares change hands by 1 p.m. IST, 2.3x 30-day avg
** Other tyre companies, Goodyear India GDYR.NS and CEAT CEAT.NS too have reported rise in their qtrly profit on the falling rubber prices
** Avg rating of 10 analysts equivalent to "sell", median PT is 79,200 rupees - Refinitiv data
** Including session's gain, stock up 19.1% YTD
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of MRF MRF.NS rise as much as 3.31% to a record high of 105,989 rupees
** The tyre manufacturer reported a more than five-fold jump in June-qtr profit from cont. ops to 5.81 billion rupees while rev from ops rose 12.9% YoY
** Co also approved re-appointment of K M Mammen as managing director
** Share price above 50-day, 100-day and 200-day exponential moving averages since April 27, suggesting bullish trend
** More than 11,000 shares change hands by 1 p.m. IST, 2.3x 30-day avg
** Other tyre companies, Goodyear India GDYR.NS and CEAT CEAT.NS too have reported rise in their qtrly profit on the falling rubber prices
** Avg rating of 10 analysts equivalent to "sell", median PT is 79,200 rupees - Refinitiv data
** Including session's gain, stock up 19.1% YTD
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Tyre maker Goodyear India's Q1 profit rises as low rubber prices offsets weak demand
BENGALURU, Aug 2 (Reuters) - Tyre manufacturer Goodyear India GDYR.NS reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand.
The Indian unit of U.S.-based Goodyear Tire and Rubber Co GT.O said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter.
While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices.
Rubber prices, a key raw material for the tyre industry, have fallen by about 20%-25% over the last year through May, according to HDFC Securities.
However, Goodyear's revenue was hurt by lower sales volumes due to subdued demand and index-based price reduction to vehicle makers, the company said.
The company sells tyres to both car and other passenger vehicle makers as well as to commercial vehicle makers, especially tractor makers, whose sales have suffered this quarter.
While automaker Maruti Suzuki India MRTI.NS reported strong sales, the likes of Mahindra and Mahindra MAHM.NS and Escorts Kubota ESCO.NS have reported a drop in tractor sales.
"While the current economic environment remains challenging, we expect the industry to bounce back, specially in the light of good monsoon which should help stimulate the rural demand", said Goodyear India Chairman and Managing Director Sandeep Mahajan.
The company's larger rival CEAT CEAT.NS, however, reported a near 16-fold jump in profit as rubber prices fell and demand for passenger vehicles climbed. MRF MRF.NS and JK Tyre JKIN.NS will report results later this week.
Goodyear India's shares ended the day nearly 3% lower, ahead of the results, but have gained 24.5% so far this year. CEAT's shares have surged nearly 50% in that period, while MRF has risen 16% and JK Tyre 38%.
Goodyear Tire and Rubber will report its quarterly results later in the day.
($1 = 82.5440 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +91 7982114624;))
BENGALURU, Aug 2 (Reuters) - Tyre manufacturer Goodyear India GDYR.NS reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand.
The Indian unit of U.S.-based Goodyear Tire and Rubber Co GT.O said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter.
While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices.
Rubber prices, a key raw material for the tyre industry, have fallen by about 20%-25% over the last year through May, according to HDFC Securities.
However, Goodyear's revenue was hurt by lower sales volumes due to subdued demand and index-based price reduction to vehicle makers, the company said.
The company sells tyres to both car and other passenger vehicle makers as well as to commercial vehicle makers, especially tractor makers, whose sales have suffered this quarter.
While automaker Maruti Suzuki India MRTI.NS reported strong sales, the likes of Mahindra and Mahindra MAHM.NS and Escorts Kubota ESCO.NS have reported a drop in tractor sales.
"While the current economic environment remains challenging, we expect the industry to bounce back, specially in the light of good monsoon which should help stimulate the rural demand", said Goodyear India Chairman and Managing Director Sandeep Mahajan.
The company's larger rival CEAT CEAT.NS, however, reported a near 16-fold jump in profit as rubber prices fell and demand for passenger vehicles climbed. MRF MRF.NS and JK Tyre JKIN.NS will report results later this week.
Goodyear India's shares ended the day nearly 3% lower, ahead of the results, but have gained 24.5% so far this year. CEAT's shares have surged nearly 50% in that period, while MRF has risen 16% and JK Tyre 38%.
Goodyear Tire and Rubber will report its quarterly results later in the day.
($1 = 82.5440 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +91 7982114624;))
Goodyear India March-Qtr Profit Rises
May 29 (Reuters) - Goodyear India Ltd GDYR.NS:
GOODYEAR INDIA MARCH-QUARTER PROFIT 336.1 MILLION RUPEES VERSUS PROFIT 173.9 MILLION RUPEES
GOODYEAR INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 6.53 BILLION RUPEES VERSUS 5.98 BILLION RUPEES
FINAL DIVIDEND OF 26.50 RUPEES PER SHARE
Source text for Eikon: ID:nBSE2gSv5l
Further company coverage: GDYR.NS
(([email protected];;))
May 29 (Reuters) - Goodyear India Ltd GDYR.NS:
GOODYEAR INDIA MARCH-QUARTER PROFIT 336.1 MILLION RUPEES VERSUS PROFIT 173.9 MILLION RUPEES
GOODYEAR INDIA MARCH-QUARTER REVENUE FROM OPERATIONS 6.53 BILLION RUPEES VERSUS 5.98 BILLION RUPEES
FINAL DIVIDEND OF 26.50 RUPEES PER SHARE
Source text for Eikon: ID:nBSE2gSv5l
Further company coverage: GDYR.NS
(([email protected];;))
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What does Goodyear India do?
Goodyear India Ltd manufactures and markets automotive tyres, tubes, and flaps including varieties for farm, truck, and passenger vehicles. They also offer other rubber products and two- and three-wheeler tyres, featuring advanced technologies like RunOnFlat and SilentArmor.
Who are the competitors of Goodyear India?
Goodyear India major competitors are TVS Srichakra, PTL Enterprises, Dolfin Rubbers, JK Tyres & Inds., CEAT, Apollo Tyres, Balkrishna Inds.. Market Cap of Goodyear India is ₹2,128 Crs. While the median market cap of its peers are ₹8,545 Crs.
Is Goodyear India financially stable compared to its competitors?
Goodyear India seems to be less financially stable compared to its competitors. Altman Z score of Goodyear India is 3.06 and is ranked 5 out of its 8 competitors.
Does Goodyear India pay decent dividends?
The company seems to pay a good stable dividend. Goodyear India latest dividend payout ratio is 99.72% and 3yr average dividend payout ratio is 124.57%
How has Goodyear India allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Goodyear India balance sheet?
Balance sheet of Goodyear India is strong. But short term working capital might become an issue for this company.
Is the profitablity of Goodyear India improving?
No, profit is decreasing. The profit of Goodyear India is ₹46.04 Crs for TTM, ₹94.85 Crs for Mar 2024 and ₹123 Crs for Mar 2023.
Is the debt of Goodyear India increasing or decreasing?
Yes, The debt of Goodyear India is increasing. Latest debt of Goodyear India is -₹198.16 Crs as of Sep-24. This is greater than Mar-24 when it was -₹243.9 Crs.
Is Goodyear India stock expensive?
Yes, Goodyear India is expensive. Latest PE of Goodyear India is 46.22, while 3 year average PE is 23.95. Also latest EV/EBITDA of Goodyear India is 18.44 while 3yr average is 11.89.
Has the share price of Goodyear India grown faster than its competition?
Goodyear India has given lower returns compared to its competitors. Goodyear India has grown at ~-0.48% over the last 6yrs while peers have grown at a median rate of 17.72%
Is the promoter bullish about Goodyear India?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Goodyear India is 74.0% and last quarter promoter holding is 74.0%.
Are mutual funds buying/selling Goodyear India?
The mutual fund holding of Goodyear India is stable. The current mutual fund holding in Goodyear India is 6.75% while previous quarter holding is 6.75%.