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Goodyear India Share Price Target 2024, 2025, 2026 to 2039 With Charts
Goodyear India Limited | |||
 | Symbol: GOODYEAR | ||
| Price: ₹1,273.69 | |||
| Exchange: NSE | |||
| Consumer Cyclical -> Auto Parts | |||
Show Table of Contents
Table of Contents
- 1: Goodyear India Brief Company Overview
- 1.1: Company Overview: Goodyear India Limited
- 1.2: Goodyear India Financial Performance
- 1.2.1: Is Goodyear India A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Goodyear India Share Price Target For 2024
- 2.1.1: Goodyear India Share Price Target Table For 2024
- 2.1.2: Summary: Goodyear India Share Price Prediction For 2024
- 2.2: Goodyear India Share Price Target For 2025
- 2.2.1: Goodyear India Share Price Target Table For 2025
- 2.2.2: Summary: Goodyear India Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Goodyear India Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Goodyear India Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Goodyear India Past Performance
Goodyear India Brief Company Overview
Company Overview: Goodyear India Limited
Established in 1898, Goodyear India Limited is a prominent tire manufacturer and trader with a global presence. The company's key products include:
- Automotive Tyres: Farm and commercial truck tyres, passenger car tyres
Goodyear India supplies tyres to original equipment manufacturers, showcasing its strong industry reputation and commitment to innovation.
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Goodyear India Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 3,037.45 Crore | Market valuation of Goodyear India's shares. |
| Revenue (TTM) | 2,516 Crore | Total revenue generated by Goodyear India over the past twelve months. |
| Net Income (TTM) | +58.42 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 2.52% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 2.32% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -1.1% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -58.5% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 0.92 | Company's total debt divided by total shareholder equity. |
| Total Debt | 5.44 Crore | Sum of Goodyear India's current & long-term financial obligations. |
| Total Cash | 198.16 Crore | Total amount of liquid funds available to Goodyear India. |
| Beta | 0.68 | Beta is less than 1 indicating that the Goodyear India's price is less volatile than the market. |
Is Goodyear India A Good Buy For Long Term?
Goodyear India, a small-cap stock with a market capitalization of ₹3,037.45 crore, presents a mixed outlook for long-term investment. While its ₹198.16 crore cash balance and relatively low debt of ₹5.44 crore (Q2 2024-25) are positive, a significant drop in earnings (-58.5% year-on-year) and a meager 2.32% profit margin raise concerns. Past performance shows strong returns (15.55% in the past 12 months, 48.94% over three years), but recent quarterly revenue decline (-1.1%) warrants caution. Overall, it's an average buy for long-term investors willing to accept moderate risk given the current financial picture.
To predict the Goodyear India's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Goodyear India Share Price Target For 2024
The line chart displays the monthly closing prices of Goodyear India with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Goodyear India shares in 2024, see the table below.
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Goodyear India Share Price Target Table For 2024
| Goodyear India's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 1430.00 (+12.27%) | Price Action: Aug 2023 High |
| 2024 Target 2 | 1388.95 (+9.04%) | Price Action: Sep 2023 High |
| 2024 Target 1 | 1373.31 (+7.82%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 1273.69 | Goodyear India's 1 share price as of Wed 06 Dec 2023 |
| Stop Loss 1 | 1204.45 (-5.44%) | Technical Indicator: MA250 |
| Stop Loss 2 | 1187.40 (-6.78%) | Price Action: Jul 2023 Low |
| Stop Loss 3 | 1160.75 (-8.87%) | Price Action: Jul 2021 High |
Summary: Goodyear India Share Price Prediction For 2024
In summary, Goodyear India has surged by ₹165.24, achieving a notable +14.91% increase from 1st January 2024 to 06 Dec 2023. Our analysis of Goodyear India for 2024 predicts an additional rise of 7.82% to 12.27% by the end of 2024 with three potential targets T1: 1373.31, T2: 1388.95, T3: 1430.00. Stop Loss at SL1: 1204.45, SL2: 1187.40, SL3: 1160.75.
Goodyear India has a 52-week high of ₹1451.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹1018.29, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Goodyear India.
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Goodyear India Share Price Target For 2025
The line chart displays the monthly closing prices of Goodyear India with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Goodyear India shares in 2025, see the table below.
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Goodyear India Share Price Target Table For 2025
| Goodyear India's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 1755.86 (+37.85%) | Price Action: Chart |
| 2025 Target 2 | 1723.12 (+35.28%) | Price Action: Chart |
| 2025 Target 1 | 1706.06 (+33.94%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 1273.69 | Goodyear India's 1 share price as of Wed 06 Dec 2023 |
| Stop Loss 1 | 1147.22 (-9.93%) | Price Action: Aug 2021 High |
| Stop Loss 2 | 1133.17 (-11.04%) | Price Action: Apr 2018 High |
| Stop Loss 3 | 1120.00 (-12.07%) | Price Action: Mar 2023 High |
Summary: Goodyear India Share Price Prediction For 2025
In summary, Goodyear India has surged by ₹165.24, achieving a notable +14.91% increase from 1st January 2024 to 06 Dec 2023. Our analysis of Goodyear India for 2025 predicts an additional rise of 33.94% to 37.85% by the end of 2025 with three potential targets T1: 1706.06, T2: 1723.12, T3: 1755.86. Stop Loss at SL1: 1147.22, SL2: 1133.17, SL3: 1120.00.
Goodyear India has a All-Time high of ₹1451.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹1018.29, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Goodyear India, we have created a specific page for that check here: Goodyear India Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Goodyear India Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Goodyear India share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 10.14% over the next 15 years.
For complete year by year Goodyear India long term share price target from 2024, 2025 to 2039 check the below table.
Goodyear India Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Goodyear India Target | YoY Change % |
|---|---|---|
| 2024 | ₹1,273.69 | [Current Price] |
| 2024 | ₹1,371.33 | 7.66% |
| 2025 | ₹1,624.19 | 18.43% |
| 2026 | ₹1,934.32 | 19.09% |
| 2027 | ₹2,202.23 | 13.85% |
| 2028 | ₹2,546.46 | 15.63% |
| 2029 | ₹2,657.78 | 4.37% |
| 2030 | ₹2,907.14 | 9.38% |
| 2031 | ₹3,253.8 | 11.92% |
| 2032 | ₹3,524.12 | 8.3% |
| 2033 | ₹3,911.15 | 10.98% |
| 2034 | ₹3,944.23 | 0.84% |
| 2035 | ₹4,190.1 | 6.23% |
| 2036 | ₹4,573.28 | 9.14% |
| 2037 | ₹4,846.01 | 5.96% |
| 2038 | ₹5,275.83 | 8.86% |
| 2039 | ₹5,301.57 | 0.48% |
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Goodyear India Past Performance
- In 2006, Goodyear India opening price was ₹66.34
- As of Wed 06 Dec 2023 the price stands at ₹1,273.69.
- This represents a Compound Annual Growth Rate (CAGR) of 17.84%.
- In 17 years, an investment of 10,000 would have become ₹1.91 Lakh.
As we wrap up, we hope you like our study on Goodyear India share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- Goodyear India Share Price History
- Goodyear India Price Target Tomorrow
- Goodyear India Dividend History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
