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GOODYEAR INDIA LTD (GOODYEAR)

Consumer Durables

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.47 / 100
Profitability 35Growth 7Balance sheet 100
Compare withMRF LTDBALKRISHNA INDUSTRIES LTDAPOLLO TYRES LTD

Passes these screens: Cash Rich · Debt-light & profitable

Share Price
₹663.30
P/E
28.4x
ROCE
17.0%
Market Cap
₹1531 cr
Revenue (TTM)
₹2594 cr
P/S
0.6x
P/B
2.5x
ROE
8.9%
Operating Margin
1.3%
Debt / Equity
0.0x
Promoter Holding
74.0%
12M Momentum
-43.7%
P/E vs its own history91st percentilesince Oct '20
P/E vs Consumer Durables1.1xthe sector median

52-week range

₹650.00₹1406.85
2% of the way from its 52-week low to its high

Price risk

1Y volatility
51.4%
Beta vs sector
1-year daily
0.50

Balance sheet & cash

Interest cover
operating profit ÷ interest
12.1x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.78x

Was the rally earned?

-46%share price, 3 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 61 points, while the multiple moved less (P/E 23.2x to 28.4x).
  • The share count barely moved.
3 years Net profit growth: -61 pts. Points of the price return explained by net profit growing (or shrinking).-61 ptsP/E change: +15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+15 ptsShare count change: +0 pts. Points of the price return explained by the share count changing. More shares count against the price. -46% 3 years Net profit growth: -61 pts. Points of the price return explained by net profit growing (or shrinking).-61 ptsP/E change: +15 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+15 ptsShare count change: +0 pts. Points of the price return explained by the share count changing. More shares count against the price. -46%
Net profit growth-61 ptsNet profit fell about 56%, which lowers the price.
P/E change+15 ptsThe P/E rose from 23.2x to 28.4x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
-33%share price, 5 yearsEarnings-driven

Mostly earnings.

  • Per-share earnings took off 77 points, while the multiple moved less (P/E 16.6x to 28.4x).
  • The share count barely moved.
5 years Net profit growth: -77 pts. Points of the price return explained by net profit growing (or shrinking).-77 ptsP/E change: +44 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+44 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. -33% 5 years Net profit growth: -77 pts. Points of the price return explained by net profit growing (or shrinking).-77 ptsP/E change: +44 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+44 ptsShare count change: -0 pts. Points of the price return explained by the share count changing. More shares count against the price. -33%
Net profit growth-76 ptsNet profit fell about 60%, which lowers the price.
P/E change+44 ptsThe P/E rose from 16.6x to 28.4x, which lifts the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 1 year: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with MRF

Is it expensive against its own past and its peers?

28.4xP/E todayNear its historic high
Against its own history91st percentileMedian 22.8x; usual range 15.7x to 28.2x since 2020-10.
Against Consumer Durables28.4x vs 24.7xAbove the Consumer Durables median.
14.5x24.9x35.3x45.6xOct '20Jan '22Apr '23Jul '24Oct '25Oct '2614.5x24.9x35.3x45.6xOct '20Oct '22Oct '24Oct '26
P/E (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

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P/B (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median

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P/S (this company)10th to 90th percentile of its own historyIts medianConsumer Durables median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dashed line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Consumer Durables is valued

What is the price implying?

~8%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 17.5x, a holder earning 12%/yr needs earnings to grow about 8.3%/yr for 10 years, then trade at 15x.

Delivered−7.2%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg
Gap+15.6 ptsimplied minus delivered
Rank203rdmost demanding of 843

Over time

Implied growth by month (solid) and delivered growth (dashed).

-7%5%17% Jun 2020Oct 2026 -7%5%17% Jun 2020Oct 2026

Change the assumptions

Exit P/E / return11%12%13%
12x9.2%10.1%11.1%
15x7.4%8.3%9.3%
20x5.0%6.0%6.9%
Implied: 8.3%/yr

Looking back

  • Jan 2021Price implied 16%/yr; EPS has since grown −6%/yr (6.0 yrs)
  • Jan 2022Price implied 12%/yr; EPS has since grown −15%/yr (5.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Consumer Durables The market-wide Expectations lists

What changed?

  1. Oct '26Fell 53% from the Jul 2023 peak to the Oct 2026 low.
  2. Jul '26Volume reached 17.9x its 50-day median on 2026-07-02; price +5.8% that day.
  3. Jun '26Moved into the 2nd quartile of Consumer Durables on ROCE (from the 3rd quartile).
  4. Apr '26P/E crossed above the 90th percentile of its own history to date (30.8x).
  5. Apr '26Slipped to the 3rd quartile of Consumer Durables on ROCE (from the top quartile).
  6. Jul '23Regained the 2021-07 peak, 14 months after the low.
  7. Jul '23Volume reached 11.3x its 50-day median on 2023-07-19; price +7.1% that day.
  8. Jun '23Year-on-year EPS growth turned positive.
Show 19 earlier events
  1. Jun '23Dividend payout cut from 224% to 50% of profit.
  2. May '23P/E crossed above the 90th percentile of its own history to date (26.4x).
  3. May '23Volume reached 19.7x its 50-day median on 2023-05-05; price +4.0% that day.
  4. Dec '22Volume reached 14.4x its 50-day median on 2022-12-02; price +4.5% that day.
  5. Nov '22P/E crossed above the 90th percentile of its own history to date (23.9x).
  6. Sep '22Volume reached 16.2x its 50-day median on 2022-09-15; price +7.8% that day.
  7. Jun '22Year-on-year EPS growth turned negative.
  8. Jun '22Slipped to the 3rd quartile of Consumer Durables on EPS growth (from the top quartile).
  9. May '22Fell 35% from the Jul 2021 peak to the May 2022 low.
  10. Apr '22Volume reached 14.7x its 50-day median on 2022-04-08; price +0.2% that day.
  11. Mar '22Volume reached 11.1x its 50-day median on 2022-03-15; price +0.2% that day.
  12. Dec '21Volume reached 7.3x its 50-day median on 2021-12-13; price -0.4% that day.
  13. Jul '21Regained the 2020-12 peak, 3 months after the low.
  14. Jul '21Volume reached 8.3x its 50-day median on 2021-07-14; price +4.3% that day.
  15. Jun '21Moved into the top quartile of Consumer Durables on ROCE (from the 2nd quartile).
  16. May '21Volume reached 33.5x its 50-day median on 2021-05-28; price +3.7% that day.
  17. Apr '21Fell 25% from the Dec 2020 peak to the Apr 2021 low.
  18. Jan '21Volume reached 11.1x its 50-day median on 2021-01-21; price -0.2% that day.
  19. Dec '20Volume reached 57.5x its 50-day median on 2020-12-08; price +15.1% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Are profits backed by cash?

5 of 5 checks are within range.
Tap a check to see how it is measured.

Other income reliance9%Within range

Other income as a share of pre-tax profit (trailing twelve months): 8.6%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate26%Within range

Median quarterly effective tax rate over about 2.5 years: 26.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion1.78xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.78x (cash from operations ₹378 cr, net profit ₹212 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow5 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 5. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress9% of fixed assetsWithin range

Capital work-in-progress is 9% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

How rough has the ride been?

Maximum drawdown-52.9%not yet recovered
1-year volatility51.4%annualised
Beta vs sector index0.513-year daily, correlation 0.25
Volume spikes5last 90 sessions, 5x the 50-day median

Monthly share price

₹663₹898₹1,132₹1,367 Oct '20Jan '22Apr '23Jul '24Oct '25Oct '26
2020-10: ₹785.45
2020-11: ₹796.20
2020-12: ₹933.65
2021-01: ₹900.00
2021-02: ₹939.00
2021-03: ₹864.20
2021-04: ₹878.80
2021-05: ₹947.10
2021-06: ₹1063.60
2021-07: ₹1231.45
2021-08: ₹1007.40
2021-09: ₹1007.95
2021-10: ₹982.70
2021-11: ₹924.25
2021-12: ₹947.80
2022-01: ₹926.65
2022-02: ₹879.70
2022-03: ₹858.50
2022-04: ₹878.10
2022-05: ₹935.20
2022-06: ₹1002.70
2022-07: ₹922.85
2022-08: ₹999.75
2022-09: ₹1000.15
2022-10: ₹990.40
2022-11: ₹1068.40
2022-12: ₹1075.15
2023-01: ₹1044.75
2023-02: ₹1014.05
2023-03: ₹1036.40
2023-04: ₹1071.90
2023-05: ₹1178.15
2023-06: ₹1160.95
2023-07: ₹1366.65
2023-08: ₹1327.25
2023-09: ₹1256.60
2023-10: ₹1234.95
2026-04: ₹756.55
2026-05: ₹714.10
2026-06: ₹732.45
2026-07: ₹807.90
2026-08: ₹743.35
2026-09: ₹703.15
2026-10: ₹663.30
 ₹663₹898₹1,132₹1,367 Oct '20Oct '22Oct '24Oct '26
2020-10: ₹785.45
2020-11: ₹796.20
2020-12: ₹933.65
2021-01: ₹900.00
2021-02: ₹939.00
2021-03: ₹864.20
2021-04: ₹878.80
2021-05: ₹947.10
2021-06: ₹1063.60
2021-07: ₹1231.45
2021-08: ₹1007.40
2021-09: ₹1007.95
2021-10: ₹982.70
2021-11: ₹924.25
2021-12: ₹947.80
2022-01: ₹926.65
2022-02: ₹879.70
2022-03: ₹858.50
2022-04: ₹878.10
2022-05: ₹935.20
2022-06: ₹1002.70
2022-07: ₹922.85
2022-08: ₹999.75
2022-09: ₹1000.15
2022-10: ₹990.40
2022-11: ₹1068.40
2022-12: ₹1075.15
2023-01: ₹1044.75
2023-02: ₹1014.05
2023-03: ₹1036.40
2023-04: ₹1071.90
2023-05: ₹1178.15
2023-06: ₹1160.95
2023-07: ₹1366.65
2023-08: ₹1327.25
2023-09: ₹1256.60
2023-10: ₹1234.95
2026-04: ₹756.55
2026-05: ₹714.10
2026-06: ₹732.45
2026-07: ₹807.90
2026-08: ₹743.35
2026-09: ₹703.15
2026-10: ₹663.30

Last 90 trading days

₹657₹719₹782₹845 Jun 23Jul 20Aug 13Sep 8Oct 6Oct 30
2026-06-23: ₹738.20
2026-06-25: ₹738.40
2026-06-30: ₹732.45
2026-07-02: ₹775.45
2026-07-06: ₹774.30
2026-07-08: ₹744.60
2026-07-10: ₹755.50
2026-07-14: ₹767.80
2026-07-16: ₹793.05
2026-07-20: ₹796.20
2026-07-22: ₹799.70
2026-07-24: ₹797.80
2026-07-28: ₹791.60
2026-07-30: ₹804.10
2026-08-03: ₹831.10
2026-08-05: ₹826.85
2026-08-07: ₹802.90
2026-08-11: ₹778.25
2026-08-13: ₹780.95
2026-08-17: ₹765.35
2026-08-19: ₹761.40
2026-08-21: ₹760.05
2026-08-25: ₹754.10
2026-08-27: ₹765.05
2026-08-31: ₹743.35
2026-09-02: ₹736.10
2026-09-04: ₹741.50
2026-09-08: ₹725.20
2026-09-10: ₹724.70
2026-09-15: ₹712.95
2026-09-17: ₹706.15
2026-09-21: ₹708.20
2026-09-23: ₹709.70
2026-09-25: ₹707.80
2026-09-29: ₹702.55
2026-10-01: ₹694.30
2026-10-06: ₹685.95
2026-10-08: ₹677.05
2026-10-12: ₹670.75
2026-10-14: ₹692.25
2026-10-16: ₹693.60
2026-10-21: ₹674.95
2026-10-23: ₹660.00
2026-10-27: ₹668.45
2026-10-29: ₹669.85
2026-10-30: ₹663.30
 ₹657₹719₹782₹845 Jun 23Aug 5Sep 17Oct 30
2026-06-23: ₹738.20
2026-06-25: ₹738.40
2026-06-30: ₹732.45
2026-07-02: ₹775.45
2026-07-06: ₹774.30
2026-07-08: ₹744.60
2026-07-10: ₹755.50
2026-07-14: ₹767.80
2026-07-16: ₹793.05
2026-07-20: ₹796.20
2026-07-22: ₹799.70
2026-07-24: ₹797.80
2026-07-28: ₹791.60
2026-07-30: ₹804.10
2026-08-03: ₹831.10
2026-08-05: ₹826.85
2026-08-07: ₹802.90
2026-08-11: ₹778.25
2026-08-13: ₹780.95
2026-08-17: ₹765.35
2026-08-19: ₹761.40
2026-08-21: ₹760.05
2026-08-25: ₹754.10
2026-08-27: ₹765.05
2026-08-31: ₹743.35
2026-09-02: ₹736.10
2026-09-04: ₹741.50
2026-09-08: ₹725.20
2026-09-10: ₹724.70
2026-09-15: ₹712.95
2026-09-17: ₹706.15
2026-09-21: ₹708.20
2026-09-23: ₹709.70
2026-09-25: ₹707.80
2026-09-29: ₹702.55
2026-10-01: ₹694.30
2026-10-06: ₹685.95
2026-10-08: ₹677.05
2026-10-12: ₹670.75
2026-10-14: ₹692.25
2026-10-16: ₹693.60
2026-10-21: ₹674.95
2026-10-23: ₹660.00
2026-10-27: ₹668.45
2026-10-29: ₹669.85
2026-10-30: ₹663.30

Drawdown from peak

0% -26% -53% Oct '20Oct '23Oct '26 0% -26% -53% Oct '20Oct '23Oct '26
Largest drawdowns

-52.9% (2023-07 peak to 2026-10 low, not yet recovered)

-34.7% (2021-07 peak to 2022-05 low, recovered 2023-07)

-25.0% (2020-12 peak to 2021-04 low, recovered 2021-07)

Most recent volume spikes

2026-08-06: 5.1x the 50-day median, price -1.4% that day

2026-08-04: 9.7x the 50-day median, price +1.7% that day

2026-08-03: 10.6x the 50-day median, price +2.9% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Consumer Durables peers?

Each cell is the company's percentile rank among its Consumer Durables peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Nov '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Oct '26
Lower rank Higher rank

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Durables sector page Watch it move against Consumer Durables in the Observatory

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

CompanySectorSimilarityClosest on
TCI EXPRESS (TCIEXP)Transportation63%EPS growth, market cap
HONDA INDIA POWER PRODUCTS (HONDAPOWER)Producer Manufacturing56%P/E, market cap
HEIDELBERG CEMENT INDIA (HEIDELBERG)Non-Energy Minerals54%revenue, P/E
J.G.CHEMICALS (JGCHEM)Process Industries50%P/E, ROCE
REMUS PHARMACEUTICALS (REMUS)Health Technology50%ROCE, P/E
BUTTERFLY GANDHIMATHI APPLIANC (BUTTERFLY)Consumer Durables65%ROCE, revenue growth
JTEKT INDIA (JTEKTINDIA)Consumer Durables58%revenue, promoter holding
TTK PRESTIGE (TTKPRESTIG)Consumer Durables48%revenue, debt/equity

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

Monthly history (73 months)
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1028.4x₹2594 cr8.9%17.0%0.0x
2026-0930.1x₹2594 cr8.9%17.0%0.0x
2026-0827.9x₹2476 cr10.1%17.0%0.0x
2026-0730.3x₹2476 cr10.1%17.0%0.0x
2026-0627.5x₹2476 cr10.1%17.0%0.0x
2026-0529.1x₹2462 cr9.4%13.0%0.0x
2026-0430.8x₹2462 cr9.4%13.0%0.0x
2026-03—————
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2024-11—————
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2023-11—————
2023-1023.2x₹2928 cr20.3%25.0%0.0x
2023-0923.6x₹2928 cr20.3%25.0%0.0x
2023-0824.9x₹2928 cr20.3%25.0%0.0x
2023-0725.7x₹2928 cr20.3%25.0%0.0x
2023-0621.8x₹2928 cr20.3%25.0%0.0x
2023-0526.4x₹2436 cr14.4%18.0%0.0x
2023-0424.0x₹2436 cr14.4%18.0%0.0x
2023-0323.2x₹2436 cr14.4%18.0%0.0x
2023-0222.7x₹2436 cr14.4%18.0%0.0x
2023-0123.4x₹2436 cr14.4%18.0%0.0x
2022-1224.1x₹2436 cr14.4%18.0%0.0x
2022-1123.9x₹2436 cr14.4%18.0%0.0x
2022-1022.2x₹2436 cr14.4%18.0%0.0x
2022-0922.4x₹2436 cr14.4%18.0%0.0x
2022-0822.4x₹2436 cr14.4%18.0%0.0x
2022-0720.7x₹2436 cr14.4%18.0%0.0x
2022-0622.5x₹2436 cr14.4%18.0%0.0x
2022-0515.8x₹1792 cr16.2%21.0%0.0x
2022-0414.9x₹1792 cr16.2%21.0%0.0x
2022-0314.5x₹1792 cr16.2%21.0%0.0x
2022-0214.9x₹1792 cr16.2%21.0%0.0x
2022-0115.7x₹1792 cr16.2%21.0%0.0x
2021-1216.0x₹1792 cr16.2%21.0%0.0x
2021-1115.6x₹1792 cr16.2%21.0%0.0x
2021-1016.6x₹1792 cr16.2%21.0%0.0x
2021-0917.1x₹1792 cr16.2%21.0%0.0x
2021-0817.1x₹1792 cr16.2%21.0%0.0x
2021-0720.8x₹1792 cr16.2%21.0%0.0x
2021-0618.0x₹1792 cr16.2%21.0%0.0x
2021-0524.6x₹1746 cr9.7%13.0%0.0x
2021-0422.8x₹1746 cr9.7%13.0%0.0x
2021-0322.4x₹1746 cr9.7%13.0%0.0x
2021-0224.4x₹1746 cr9.7%13.0%0.0x
2021-0123.4x₹1746 cr9.7%13.0%0.0x
2020-1224.2x₹1746 cr9.7%13.0%0.0x
2020-1120.7x₹1746 cr9.7%13.0%0.0x
2020-1020.4x₹1746 cr9.7%13.0%0.0x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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