Goodyear India Ltd. News and Updates

Name: Latest research reports of Goodyear India Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Goodyear India Ltd.
Rating: 5
Author: ICICI Securities Limited

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Goodyear India Ltd.

29 Jun 2020

980.35

0.03%

Goodyear India

Buy: Goodyear India Ltd.

Recommendation Target

ICICI Securities Limited

Goodyear India (GIL) is a leading domestic tyre player with manufacturing presence in farm equipment i.e. tractor and CV segments. It also serves the PV segment, albeit through trading route (manufacturing to trading mix as of FY19 was at 67:33). We expect the domestic tractor industry to outperform wider automotive space over FY20-22E as 1) it does not suffer from similar demand-side shocks on account of relatively stable rural incomes pursuant to remunerative crop prices, expectations of a normal monsoon in 2020, government focus on doubling farm incomes and...

Goodyear India Ltd. is trading below its 30 day SMA of 980.8

Goodyear India Ltd.

09 Jun 2020

980.35

0.03%

Goodyear India appoints Sandeep Mahajan as Managing Director

Business Today

Sandeep Mahajan has been with Goodyear for the last 8 years before which he was the General Manager at LG India

Goodyear India Ltd. is trading below its 30 day SMA of 980.8

Sandeep Mahajan appointed as Managing Director of Goodyear India

Business Line | 09 Jun 2020 1 more

Goodyear India Ltd.

26 Nov 2019

980.35

0.03%

Goodyear India share price dips 1% on closure of manufacturing operations at Haryana plant

Moneycontrol

The share touched its 52-week high Rs 1,064 and 52-week low Rs 800.40 on 04 November, 2019 and 05 August, 2019, respectively.

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

17 Sep 2019

980.35

0.03%

Goodyear India

Hold: Goodyear India Ltd.

Recommendation Target

ICICI Securities Limited

Goodyear India (GIL) is a leading tyre player domestically manufacturing tyres for the farm equipment (tractor) and CV space. GIL is also present across the PV category but does not manufacture the same. The manufacturing to trading mix was at 67:33 as of FY19. With healthy 8% growth in tractor volumes in FY19, GIL reported a healthy performance in FY19, with revenue from operations rising 14.9% YoY to | 1,912 crore. However, EBITDA fell 18.4% YoY to | 164 crore, with attendant margins coming off sharply by 351 bps YoY to 8.6%. Consequent PAT for FY19 was...

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

23 Aug 2019

980.35

0.03%

Goodyear launches two new tyre lines

Business Line

Goodyear India has launched two new products Assurance DuraPlus 2 and Wrangler AT SilentTrac for the Indian market. According to an official state

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

03 Jan 2018

980.35

0.03%

Goodyear India

Buy: Goodyear India Ltd.

ICICI Securities Limited

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

01 Mar 2017

980.35

0.03%

Goodyear India Ltd: Mixed Performance on the Back of Invento... (Mar 01, 2017)

Hold: Goodyear India Ltd.

Karvy

Mixed Performance on the Back of Inventory Changes: Goodyear India in Q3FY17 reported mixed performance with marginal YoY growth of 4.7% in topline and sizable jump in net profits by 27.5%. Inventory changes ledto this significant growth in the profit margins and the bottomline of the company. The topline grew YoY by 4.7% to Rs. 4040 mn, the operating profit margins increased by 274 bps YoY by 14.6% and the bottomline grew by 27.5% to Rs. 332 mn on YoY basis.

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

15 Nov 2016

980.35

0.03%

Pick of the Week - Goodyear India Ltd

Buy: Goodyear India Ltd.

HDFC Securities

BUY Goodyear India Ltd at CMP Rs. 764 and add on dips to Rs. 688 - 700 for the sequential Targets of Rs. 860 - 916

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

06 Oct 2016

980.35

0.03%

Goodyear India surges after Goldman Sachs buys stake

Business Standard

The stock surged 10% to Rs 860, also its new high on BSE, after the Goldman Sachs bought 123,895 shares via open market.

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear India Ltd.

30 Aug 2016

980.35

0.03%

Goodyear Thailand to build $162 million aviation tyre factory

Economic Times

The demand for radial tyres is expected to improve as new commercial planes use them as standard, because they are lighter than bias tyres and more suitable for aircraft landings.

Goodyear India Ltd. is trading above its 200 day SMA of 944.2

Goodyear Thailand to build $162 million aviation tyre factory

Economic Times | 30 Aug 2016

Is Goodyear India Ltd. worth buying?

172 Votes:

Buy 72.09%

Sell 12.21%

Hold 15.7%