Best Company To Look into In Tyres in Short Term ?

Very Good Track Record in Tyres . It Always Maintaining the Same Dividend Track record& Last Year In 2020 It paid 80/- To share Holders . This Year Also it may Continue the Same . We can Get 15% to 20% Returns in Short Term Itself . Start Buying Before its Late .

Here are the Details of the Company :

Goodyear’s presence in India is over 90 years old, with two plants, one each in Ballabgarh and Aurangabad. In the passenger car segment, Goodyear India supplies tyres to many of the leading Original Equipment Manufacturers. Goodyear India has also been a pioneer in introducing tubeless radial tyres in this segment.

In the farm segment, in India, Goodyear tyres are supplied to all the major tractor companies. In 2010/11, Goodyear India was awarded the Super brand status.

Goodyear is one of the world’s largest tire companies. It employs about 72,000 people and manufactures its products in 54 facilities in 23 countries around the world. We strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

Goodyear’s winged-foot trademark was inspired by a newel-post statuette of the Roman god Mercury in the home of Goodyear founder Frank Seiberling. Seiberling felt Mercury embodied many of the characteristics for which Goodyear products were known.

It manufactures farm tyres, commercial truck tyres, tubes, and flaps. It trades in “Goodyear” passenger car tyres (Radial) for Consumer business. It also serves in Passenger Vehicle Segment .
In FY20, its consumer replacement business delivered an above industry performance.

It sells its farm tyre to all major tractor companies like Escorts, Mahindra Tractor, and a few others.

Tyres – 95% of revenue
Tubes – 5% of revenue.

India – 98% of revenue in FY20.

It launched Assurance Duraplus 2 in the mid passenger car segment and Wrangler AT SilentTrac in the SUV segment. 

It has 2 manufacturing plant, 1 each at Faridabad (Haryana) and Aurangabad(Maharashtra) .

It has Rs 546 Cr of cash and cash equivalents in its book which is 41.7% of Total Asset.

Company Name : GOODYEAR INDIA LTD.

Cmp : 971.00 (07.06.2021)

52 WEEKS HIGH/LOW : 1202/771 (07.06.2021)

Target : 1050 – 1250++.

Time Frame : 2 Months .

Based on News .

STUDY PURPOSES ONLY .

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This is my personal thoughts on this company and not at all a buy recommendation. Do own due diligence /consult a SEBI registered advisor before any action.

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