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HomeSHARE MARKET12th February Record Date; ₹26 Dividend For Every Share; ₹1622 Target Price

12th February Record Date; ₹26 Dividend For Every Share; ₹1622 Target Price

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Goodyear India Limited Dividend Stock: There’s positive news for investors who bet on dividend-paying companies. Goodyear India Limited has declared dividends. 

The company has decided to pay an amount of Rs 26 per share. This is the record time for the dividend issue to be declared. The record date will be fixed before 14th February.

What Is The Record Date?

In the documents provided to stock exchanges, the company has announced that a dividend of Rs 26 will be paid per share with a face value of Rs 10. 

The company has announced the official date of the dividend to be 12 February 2024. 

This means that any investor whose name is in the record book of the company on the date of this dividend will be eligible to receive the benefits of the dividend.

The company will offer dividends to investors 20th times. The company began paying dividends on April 29, 2008. 

Investors who were eligible received an amount of Rs 6 for one share. The company was last traded ex-dividend on the 26th of July 2023. 

What Is The Performance Of The Business In The Market?

On Friday, the price per share of the company in BSE was Rs 1428.45. In the past year, the value of shares owned by the company has gone up to 34 percent. In the last six months, the price of shares has only risen by 3.58%.

GoodYear share’s 52-week high is Rs 1451.10 and the 52-week low is 1017.10 per share. The market capitalization of the company is 3295 crore.

In future, the share may go up to ₹1622 as per the top brokerage firm.

About Goodyear India Limited 

Goodyear India Limited is a company with its headquarters in India. It is in producing and trading tires, flaps, and tubes. 

It sells and markets automobile tires, passenger car tires, farmer tires, commercial truck tires, flaps, and tubes. 

The company also offers Goodyear Assurance Comforttred, Goodyear Efficientgrip Performance SUV Tyre, Goodyear Assurance TripleMax 2 Tyre, Goodyear Eagle F1 Directional 5 Tyre, Goodyear Eagle Efficientgrip Tyre, Goodyear Assurance Duraplus Tyre and Goodyear Wrangler TripleMax Tyre. 

The company’s total operating income is 2927.51 crores while the equity capital is 23.07 crores. The company was founded on March 28, 1961.

Fundamental Analysis of Goodyear India Limited

Market Cap₹ 3,295 Cr.
Current Price₹ 1,428.45
52-wk High₹ 1,451.10
52-wk Low₹ 1,017.10
Stock P/E24.37
Book Value₹ 270
Dividend1.86 %
ROCE25.1 %
ROE18.6 %
Face Value₹ 10.0
P/B Value5.29
OPM8.37 %
EPS₹ 57.5
Debt₹ 7.12 Cr.
Debt to Equity0.01

Goodyear India Limited Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1450₹1622
2025₹1630₹1650
2026₹1655₹1680
2027₹1700₹1765
2028₹1800₹2000
2029₹2213₹2321
2030₹2432₹2500
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Goodyear India Limited Shareholding Pattern

Promoters Holding
Dec 202274.00%
Mar 202374.00%
June 202374.00%
Sept 202374.00%
Dec 202374.00%
FII Holding
Dec 20221.06%
Mar 20231.02%
June 20230.93%
Sept 20230.74%
Dec 20230.73%
DII Holding
Dec 20227.23%
Mar 20237.32%
June 20237.63%
Sept 20238.06%
Dec 20238.06%
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Public Holding
Dec 202217.69%
Mar 202317.64%
June 202317.44%
Sept 202317.20%
Dec 202317.21%

Goodyear India Limited Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,912 Cr
2020₹ 1,746 Cr
2021₹ 1,792 Cr
2022₹ 2,436 Cr
2023₹ 2,654 Cr

Last 5 Years’ Net Profit:

2019₹ 102 Cr
2020₹ 89 Cr
2021₹ 136 Cr
2022₹ 103 Cr
2023₹ 133 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:8%
5 Years:-1%
3 Years:11%
Current Year:24%

Last 10 years’ Return on Equity (ROE):

10 Years:16%
5 Years:14%
3 Years:16%
Last Year:19%

Sales Growth Over 10 Years:

10 Years:7%
5 Years:12%
3 Years:19%
Current Year:-8%

Conclusion

This article is a complete guide about Goodyear India Limited Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Also Read: Buy This Government PSU Bank Share; ₹700 And ₹728 Share Target; Don’t Ignore

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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