Which stock pays the highest dividend in india – Goodyear India Ltd

Our 1st company in the Series of Which stock pays the highest dividend in india 2021 is Goodyear India Ltd.

Here is the detail of dividend of Goodyear India Ltd

Aug. 4, 202180.00SPECIAL
Aug. 4, 202118.00FINAL
Dec. 14, 202080.00INTERIM

You can see company given Rs. 80.00 and Rs. 18.00 on Aug. 4, 2021.

This company is good for investing purpose or not ?

Let’s start with the Company profile

Company Profile :

The company is engaged in the manufacturing and trading of tires, tubes and flaps. The Company supplies tires to a range of original equipment manufacturers (OEMs).

Now Let’s check the important fundamental figures of this company. This is a small cap company with Market Cap ₹2,425cr. We can check more fundamental details below in depth:

Company Fundamental Detail :

PE Ratio: 17.80

Sector PE Ratio: -384.86

PE Ratio of this company is high than Sector’s PE. So it’s a Good PE than the peers of this company.

PB Ratio : 2.89

Sector PB Ratio : 5.02

PB Ratio of this company is low than Sector’s PB ratio. So it’s  Average PB than the peers of this company.

Dividend Yield : 9.32%

Sector Dividend Yield : 0.61%

Dividend Yield of this company is high than Sector. Dividend of this is Good than the peers of this company.

ROE: 16.22%

ROCE: 21.27%

ROE (Return on equity) and ROCE (Return on capital equity) is Above Average

According to above data, this company is looking fundamentally average. Now We’ll check the company Financially data:

Company Financial Detail

20201,780.74 88.84

You can see the company growth clearly in the above table, in 2019 Net profit was 102.07 Cr. only and in 2020, It decreased to 88.84 Cr. and in 2021, it is increased to 136.26 Cr.

We should check now liabilities of company also in the below table

Total Current & Non Current Liabilities

2021 2020 2019 2018

Liabilities of a company refers to the debt of that company. We should also aware the debt of company. In 2021, Company have 551.03 Cr. debt.

Let’s check the Free Cash flow of the company

Free Cash flow

2021 2020 2019 2018

Debt Level: GOODYEAR is debt free.

Reducing Debt: GOODYEAR had no debt 5 years ago.

Debt Coverage: GOODYEAR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GOODYEAR has no debt, therefore coverage of interest payments is not a concern.

We should also check the Share Holding patterns of the company.

Share Holding Pattern

Promotor HoldingForeign Institution
Mutual Fund
Other Domestic InstitutionsRetail & Others
Jun 2021 74.00% 0.82%6.12% 1.38%17.69%
Mar 202174.00%1.75% 6.51% 1.24%16.50%
Dec 202074.00%1.73%7.02%1.14%16.12%
Sep 202074.00%2.03%7.51%0.05%16.41%

Above table showing there is no big change in Promotors holding which is 74.00% in June 2021. FIIs invested in June 2021 with 0.82% and retail investor is 17.69% .

Now We’ll check the return of the company, This company started from Rs. 836.95 at 07 oct 2020. This company given 30.65% returns in last 1 year from 2020 to13 Aug 2021.

Investment Checklist for Goodyear India Ltd.

  • The company is currently profitable
  • Company is debt free
  • Dividend is Good
  • Share price has been stable over the past 3 months
  • The company’s earnings are high quality
  • Profit margins improved or GOODYEAR became profitable
  • Shareholders have not been meaningfully diluted in the past year or recently listed
  • Revenue is meaningful (₹18B)
  • Market cap is meaningful (₹25B)
  • GOODYEAR does not have negative shareholders equity.

According to its historical performance we can predict stock target.

Entry Buying Zone : Premium members can see only

Target: Premium members can see only

Time Horizon:Premium members can see only

Risk Profile: Premium members can see only

Hope you liked Our 1st company in the Series of Which stock pays the highest dividend in india 2021 is Goodyear India Ltd. We tried to cover many important things about this company, if you think anything left to cover, you can comment us and we’ll try to cover those things also.

Disclaimer: This is an Educational Initiative and is NOT registered under any SEBI regulations. All the information that we provide is just for Educational purposes and you should consult your financial adviser before taking any investment decision. Also we do NOT provide any form of Stock Tips or Advise on stocks or portfolios. My All Trades Only Education Purpose. All trades will be at your risk. You have the responsibility of any trade or any benefit or loss

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