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

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

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%

Goodyear India Ltd, CARE Ratings Ltd, Hindustan Oil Exploration Company Ltd and Birla Corporation Ltd are among the other losers in the BSE’s ‘A’ group today, 04 August 2021.

Vodafone Idea Ltd leads losers in ‘A’ group

“While the pandemic has currently created headwinds, your company remains positive on the mid/long-term outlook of the car tyre industry,” Goodyear India Chairman and Managing Director Sandeep Mahajan wrote in his address to shareholders in the company’s annual report for 2020-21.

Steady recovery seen in tyre industry, long-term outlook favourable: Goodyear

Outcome of board meeting of Goodyear India

Goodyear India jumped 5.78% to Rs 984 after the company’s net profit surged 240.31% to Rs 43.22 crore on 51.84% jump in revenue from operations to Rs 569.34 crore in Q4 March 2021 over Q4 March 2020.

Goodyear India jumps after Q4 PAT soars to Rs 43.22 cr

Higher volumes, increased factory utilisation and cost efficiencies boost performance

Goodyear India posts ₹43-crore PAT in Q4

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

Tyre stock announces 200% dividend, 800% special dividend

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

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

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

Vodafone Idea Ltd leads losers in ‘A’ group

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

Tyre stock announces 200% dividend, 800% special dividend

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

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

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

Vodafone Idea Ltd leads losers in ‘A’ group

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