Goodyear India Ltd Share Price Target 2024, 2025 to 2030, Key Insights & Share Market Update: In this article, we will discuss Goodyear India Ltd. Share Price Target for 2024-2030, its performance, stock market updates, financial health, shareholding pattern, and peer competitors. Goodyear India, a prominent player in the tyre manufacturing industry, specializes in the production of automotive and farm tyres. Known for its robust product portfolio, innovative solutions, and strong market presence, Goodyear India is a significant contributor to the automobile sector.
Overview of Goodyear India Ltd
What is Goodyear India Ltd?
Goodyear India Ltd is a leading tyre manufacturing company headquartered in India. Founded in 1898 by Frank Seiberling, it operates as a subsidiary of Goodyear Orient Co. Private Ltd. The company specializes in the production of automotive and farm tyres, catering to a diverse customer base across the country. Goodyear India is known for its innovation, durability, and commitment to delivering high-quality products that meet the needs of the evolving automobile industry.
The company leverages its global expertise and strong parent backing to maintain a competitive edge in the market. Its focus on research and development ensures it remains a trusted brand in the tyre industry. The current CEO of Goodyear India Ltd is Sandeep Mahajan, who oversees the company’s operations and strategic initiatives.
Key Features of Goodyear India Ltd
- Founder: Established by Frank Seiberling, a pioneer in the tyre industry.
- CEO: Sandeep Mahajan leads the company’s Indian operations with a focus on innovation and market expansion.
- Parent Organization: Operates under Goodyear Orient Co. Private Ltd, a globally renowned entity.
- Specialized Portfolio: Offers a wide range of automotive and farm tyres to meet diverse market demands.
- Global Legacy: Established in 1898, reflecting a rich history of excellence in tyre manufacturing.
- Workforce Strength: Employs over 974 people as of 2024.
- Market Presence: Strong presence on major stock exchanges, ensuring investor confidence.
Information about Goodyear India Ltd
| Information | Details |
|---|---|
| Website | goodyear.co.in |
| Headquarters | India |
| Founded | 1898 |
| Founder | Frank Seiberling |
| CEO | Sandeep Mahajan |
| Number of Employees | 974 (2024) |
| Parent Organizations | Goodyear Orient Co. Private Ltd, Automotive |
| BSE Symbol | 500168 |
| NSE Symbol | GOODYEAR |
Current Market Position of Goodyear India Ltd Share
As of November 2024, Goodyear India Ltd’s share has shown a mixed performance. It is up by +0.8% today and has increased by +1.96% over the past week. Over the past month, the share has remained relatively stable, with a slight increase of +0.1%. However, in the last three months, the share has declined significantly by -12.24%. On a yearly basis, Goodyear India’s share has dropped by -20.26%, but it has seen a modest growth of +4.33% over the past three years and a more significant increase of +8.07% over the past five years.
Goodyear India Share Fundamental Data
- Market Cap: ₹2,379 Cr.
- Current Price: ₹1,031
- High / Low: ₹1,440 / ₹1,000
- Stock P/E: 40.7
- Book Value: ₹255
- Dividend Yield: 1.41%
- ROCE: 22.0%
- ROE: 16.0%
- Face Value: ₹10.0
Market Position of Goodyear India Share as of November 2024
| Time Period | Returns of Goodyear India Share |
|---|---|
| 1 Day | 0.8% |
| 1 Week | 1.96% |
| 1 Month | 0.1% |
| 3 Months | -12.24% |
| 1 Year | -20.26% |
| 3 Years | 4.33% |
| 5 Years | 8.07% |
Goodyear India Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
Goodyear India Ltd Share Price Target in 2024
In 2024, the share price target for Goodyear India Ltd is anticipated to range between ₹1,050 and ₹1,120, considering the company’s modest recovery potential and the broader market dynamics.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹1,050 | ₹1,120 |
Goodyear India Ltd Share Price Target in 2025
For 2025, Goodyear India Ltd’s share price target is projected to range between ₹1,180 and ₹1,250, driven by gradual improvements in market performance and operational efficiency.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2025 | ₹1,180 | ₹1,250 |
Goodyear India Ltd Share Price Target in 2026
In 2026, Goodyear India Ltd’s share price target is expected to range between ₹1,300 and ₹1,400, reflecting stable revenue growth and the company’s focus on product innovation.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | ₹1,300 | ₹1,400 |
Goodyear India Ltd Share Price Target in 2027
By 2027, the share price target for Goodyear India Ltd is projected to range between ₹1,450 and ₹1,550, supported by strengthening demand in the automotive and farm tyre sectors.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2027 | ₹1,450 | ₹1,550 |
Goodyear India Ltd Share Price Target in 2028
In 2028, Goodyear India Ltd’s share price target is expected to range between ₹1,600 and ₹1,750, driven by strategic expansions and sustained profitability in its core segments.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2028 | ₹1,600 | ₹1,750 |
Goodyear India Ltd Share Price Target in 2029
For 2029, the share price target for Goodyear India Ltd is projected to range between ₹1,800 and ₹1,950, reflecting enhanced operational efficiency and market share growth.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2029 | ₹1,800 | ₹1,950 |
Goodyear India Ltd Share Price Target in 2030
By 2030, Goodyear India Ltd’s share price target is anticipated to range between ₹2,000 and ₹2,200, driven by robust fundamentals, consistent growth, and a strong foothold in the tyre industry.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2030 | ₹2,000 | ₹2,200 |
Financial Health and Performance Analysis of Goodyear India Ltd (FY 2020 – FY 2024)
Goodyear India Financials Income (P&L) (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth (%) |
|---|---|---|
| Total Revenue (₹ Cr) | 2,568.68 | -12.74 |
| Total Expenses (₹ Cr) | 2,440.65 | -12.16 |
| Profit after Tax (PAT) (₹ Cr) | 94.85 | -22.80 |
| Operating Profit Margin (%) | 5.18 | – |
| Net Profit Margin (%) | 3.71 | – |
| Basic EPS (₹) | 41.12 | – |
FY 2023
| Metric | FY 2023 | Y/Y Growth (%) |
|---|---|---|
| Total Revenue (₹ Cr) | 2,943.80 | 19.72 |
| Total Expenses (₹ Cr) | 2,778.42 | 19.74 |
| Profit after Tax (PAT) (₹ Cr) | 122.86 | 19.41 |
| Operating Profit Margin (%) | 5.78 | – |
| Net Profit Margin (%) | 4.19 | – |
| Basic EPS (₹) | 53.26 | – |
FY 2022
| Metric | FY 2022 | Y/Y Growth (%) |
|---|---|---|
| Total Revenue (₹ Cr) | 2,458.89 | 35.53 |
| Total Expenses (₹ Cr) | 2,320.44 | 42.26 |
| Profit after Tax (PAT) (₹ Cr) | 102.89 | -24.49 |
| Operating Profit Margin (%) | 5.85 | – |
| Net Profit Margin (%) | 4.22 | – |
| Basic EPS (₹) | 44.61 | – |
FY 2021
| Metric | FY 2021 | Y/Y Growth (%) |
|---|---|---|
| Total Revenue (₹ Cr) | 1,814.29 | 1.88 |
| Total Expenses (₹ Cr) | 1,631.12 | -1.97 |
| Profit after Tax (PAT) (₹ Cr) | 136.26 | 53.38 |
| Operating Profit Margin (%) | 10.41 | – |
| Net Profit Margin (%) | 7.60 | – |
| Basic EPS (₹) | 59.07 | – |
FY 2020
| Metric | FY 2020 | Y/Y Growth (%) |
|---|---|---|
| Total Revenue (₹ Cr) | 1,780.74 | -8.66 |
| Total Expenses (₹ Cr) | 1,663.90 | -7.12 |
| Profit after Tax (PAT) (₹ Cr) | 88.84 | -12.96 |
| Operating Profit Margin (%) | 6.92 | – |
| Net Profit Margin (%) | 5.08 | – |
| Basic EPS (₹) | 38.51 | – |
Analysis Summary
- Revenue Growth: Goodyear India saw consistent growth in revenue from FY 2020 to FY 2023, peaking with a 35.53% increase in FY 2022. However, FY 2024 experienced a decline of 12.74% due to market challenges.
- Expense Management: Total expenses declined by 12.16% in FY 2024, reflecting effective cost-control measures.
- Profitability: PAT decreased by 22.80% in FY 2024 to ₹94.85 Cr, after a positive growth of 19.41% in FY 2023.
- Margins: The Net Profit Margin declined to 3.71% in FY 2024 from 4.19% in FY 2023, indicating tighter margins.
- Earnings Per Share (EPS): Basic EPS dropped to ₹41.12 in FY 2024 from ₹53.26 in FY 2023.
How to Buy Goodyear India Shares
- Choose a Broker: Select a brokerage platform offering Goodyear India shares for trading.
- Open a Trading Account: Set up a Demat and trading account with your chosen broker.
- Complete KYC: Submit identity and address verification documents for KYC compliance.
- Deposit Funds: Transfer funds to your trading account.
- Search for Goodyear India Shares: Locate the shares using the company name or ticker symbol.
- Place an Order: Specify the number of shares and choose between a market or limit order.
- Confirm Purchase: Review transaction details and confirm the order.
Goodyear India Ltd Share Price Target for the Next 5 Years
Goodyear India Ltd, a prominent player in the tyre industry, is expected to witness consistent growth fueled by operational efficiency, product innovation, and demand in the automotive and agricultural sectors. Below are the projected share price targets for Goodyear India Ltd for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹1,050 | ₹1,120 |
| 2025 | ₹1,180 | ₹1,250 |
| 2026 | ₹1,300 | ₹1,400 |
| 2027 | ₹1,450 | ₹1,550 |
| 2028 | ₹1,600 | ₹1,750 |
Shareholding Pattern of Goodyear India Ltd
Promoters:
- No. of Shares: 1,70,69,215
- Percentage: 74.00%
- % Change QoQ: 0.00%
FII (Foreign Institutional Investors):
- No. of Shares: 1,67,586
- Percentage: 0.73%
- % Change QoQ: -0.01%
DII (Domestic Institutional Investors):
- No. of Shares: 18,46,058
- Percentage: 8.00%
- % Change QoQ: 0.00%
MF (Mutual Funds):
- No. of Shares: 15,57,619
- Percentage: 6.75%
- % Change QoQ: 0.00%
Others:
- No. of Shares: 39,83,648
- Percentage: 17.26%
- % Change QoQ: 0.00%
Pros and Cons of Goodyear India Ltd Shareholding
Pros:
- Strong Promoter Holding: The promoters hold a substantial 74.00% of the shares, ensuring a high degree of control over the company’s strategic decisions.
- Stable Institutional Stake: The shareholding pattern of Domestic Institutional Investors (DII) and Mutual Funds (MF) has remained steady, indicating institutional confidence in the company’s performance and stability.
Cons:
- Low FII Stake: Foreign Institutional Investors (FII) hold only 0.73% of the shares, which reflects limited international investor interest in the company.
- Limited Retail Interest: The “Others” category, which includes retail and non-institutional investors, holds 17.26%, indicating relatively low participation from individual investors in Goodyear India Ltd.
Peer Competitors of Goodyear India Ltd in the Tyres Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Balkrishna Industries | 2733.50 | 52843.21 |
| MRF | 124334.05 | 52717.67 |
| Apollo Tyres | 512.95 | 32577.40 |
| CEAT | 2975.45 | 12035.78 |
| JK Tyre & Industries | 374.80 | 10270.27 |
| TVS Srichakra | 3728.45 | 2855.99 |
| Goodyear India | 1031.05 | 2378.64 |
(FAQ)
1. What is the current share price of Goodyear India Ltd?
The current share price of Goodyear India Ltd is ₹1,031.05.
2. What is the market capitalization of Goodyear India Ltd?
The market capitalization of Goodyear India Ltd is ₹2,378.64 crore.
3. How does Goodyear India’s share price compare to its competitors?
Goodyear India’s share price of ₹1,031.05 is lower than some of its competitors, such as MRF (₹124,334.05) and Balkrishna Industries (₹2,733.50), but it is within a competitive range compared to other tyre companies in the industry.
4. What are the key competitors of Goodyear India Ltd?
The key competitors of Goodyear India in the tyre industry include:
- Balkrishna Industries
- MRF
- Apollo Tyres
- CEAT
- JK Tyre & Industries
- TVS Srichakra
5. What is the significance of market capitalization?
Market capitalization is an important metric used to determine the size and financial health of a company. It is calculated by multiplying the share price by the total number of outstanding shares. A higher market cap typically indicates a larger, more established company.
6. How can I invest in Goodyear India Ltd?
To invest in Goodyear India Ltd, you would need to open a demat and trading account with a stockbroker. Once the account is set up, you can buy shares of Goodyear India Ltd through the stock exchange. Always conduct thorough research or consult with a financial advisor before investing.
7. What are the growth prospects of Goodyear India Ltd?
Goodyear India Ltd’s growth prospects are influenced by factors such as its product innovations, demand in the automotive and farm tyre sectors, and expanding market presence. The company is well-positioned in the competitive tyre market but faces competition from large industry players.
8. Does Goodyear India Ltd pay dividends?
Yes, Goodyear India Ltd pays dividends to its shareholders. The dividend yield is one of the factors investors consider when evaluating the stock. For the most recent dividend details, it’s advised to check the company’s financial reports or announcements.
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