Makes and sells tyres for passenger cars and farm vehicles in India. The passenger car range includes the Eagle F1 Asymmetric 6 and Eagle F1 Asymmetric 6 SUV, launched in April 2026, while the farm range was extended in June 2026 with the Ultra Grip tractor tyre, showcased to around 100 dealers at a Chandigarh event. Tyres are manufactured at Aurangabad by a related-party manufacturer, Goodyear South Asia Tyres Pvt Ltd, and sold into the domestic replacement market through dealer networks. The largest cost line is raw materials at Rs 950.59 crore, or 38.4% of FY26 revenue, followed by other operating expenses at Rs 391.38 crore (15.8%) and employee costs at Rs 201.75 crore (8.1%). Revenue for FY26 stood at Rs 2,475.88 crore, down about 5% year-on-year, while profit after tax rose to Rs 61.5 crore. The business carried no debt and set a net-zero emissions target by 2050, with a 46% cut in Scope 1 and 2 emissions by 2030, in its FY26 BRSR filing. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Passenger car tyres, Farm tyres. Tyre brand with zero debt, related-party manufacturing, replacement-market focus in India.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,436 | 2,928 | 2,552 | 2,608 | 2,476 |
| EBITDA (ex other income) | 172 | 207 | 171 | 117 | 119 |
| margin % | 7.1 | 7.1 | 6.7 | 4.5 | 4.8 |
| Owners' profit | 103 | 123 | 95 | 55 | 62 |
| EPS, as reported (₹) | 44.61 | 53.26 | 41.12 | 23.90 | 26.66 |
| ROE % · ROCE % | 14.4 · 18.9 | 20.3 · 26.4 | 16.3 · 21.5 | 9.1 · 12.1 | 10.1 · 13.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 89 | 112 | 135 | 131 | 112 |
| Capex | (73) | (111) | (55) | (24) | (14) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 691 | 682 | 632 | 603 | 656 | 596 | 607 | 616 |
| Profit before tax | 33 | 21 | 13 | 7 | 19 | 18 | 33 | 13 |
| Net profit | 25 | 16 | 9 | 5 | 14 | 13 | 25 | 10 |
| EPS (₹) | 10.85 | 6.82 | 4.11 | 2.11 | 6.12 | 5.67 | 10.68 | 4.20 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MRF LTD | 54,594 | 22.6 | 2.60 | 10.6 | 11.6 | 14.0 | 14.0 | 14.1 |
| BALKRISHNA IND. LTD | 41,830 | 29.8 | 3.82 | 18.0 | 11.3 | 13.0 | 13.4 | 24.4 |
| APOLLO TYRES LTD | 26,554 | 15.5 | 1.59 | 8.7 | 8.2 | 6.2 | 10.4 | 12.8 |
| CEAT LIMITED | 13,140 | 22.5 | 2.60 | 8.0 | 13.8 | 12.8 | 15.6 | 8.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 13 Aug 2026 · Publication of Q1 FY27 financial results in newspapers | compliance | minimal | — | — |
| 12 Aug 2026 · Goodyear India Q1 FY27: Revenue up 18% YoY, PAT falls 54% on margin pressure | results | high | — | — |
| 12 Aug 2026 · Goodyear India Q1 FY27: revenue up 18%, PAT falls 54% to Rs 651 lakh | results | high | — | — |
| 4 Aug 2026 · Board meeting on Aug 12, 2026 to consider Q1 FY27 unaudited results | results | low | — | — |
| 18 Jul 2026 · AGM notice and e-voting info published in newspapers | compliance | minimal | — | — |
| 17 Jul 2026 · Goodyear India files Reg 74(5) compliance certificate for Q1 FY27 | compliance | minimal | — | — |
| 17 Jul 2026 · Goodyear India files Business Responsibility and Sustainability Report for FY 2025-26 | compliance | minimal | — | — |
| 17 Jul 2026 · Goodyear India 65th AGM notice: Rs 26.50 dividend, director pay and appointments | board shareholder meetings | medium | — | — |
| 17 Jul 2026 · Goodyear India files FY26 Annual Report; Rs 26.50 dividend, 65th AGM on Aug 12 | compliance | minimal | — | — |
| 14 Jul 2026 · Newspaper ad for Goodyear India AGM via video conferencing on August 12, 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| JK TYRE & INDUSTRIES LTD |
| 10,235 |
| 15.3 |
| 1.69 |
| 7.6 |
| 12.8 |
| 9.9 |
| 12.4 |
| 7.1 |
| TVS SRICHAKRA LIMITED | 3,982 | 43.1 | 3.35 | 16.0 | 6.0 | 6.3 | 13.4 | 8.8 |
| GOODYEAR INDIA LIMITED ◆ | 1,661 | 27.0 | 2.74 | — | 10.1 | 12.2 | — | 4.3 |
| MEGAMONT LIMITED | 537 | 58.5 | 15.90 | 56.6 | 18.4 | 21.3 | — | 2.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 27.0 | 22.6 | 9 of 15 | 43% |
| P/B | 2.7 | 2.6 | 10 of 16 | 40% |
| ROCE | 12.2 | 9.9 | 8 of 17 | 56% |
| ROE | 10.2 | 9.9 | 8 of 17 | 56% |
| Debt / Equity | 0.0 | 0.4 | 2 of 17 | 94% |
| EBITDA margin | 4.3 | 7.6 | 13 of 16 | 20% |
| Revenue growth | 2.3 | 10.1 | 11 of 15 | 29% |
| Profit growth | 99.0 | (5.8) | 5 of 16 | 73% |
| Market cap | 1661 | 352 | 7 of 17 | 63% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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