CMP: 276

Goodyear India Limited manufactures tires and rubber automotive parts for automobiles, trucks and earth-movers. The Company's products include automotive tires, flaps, automotive tubes, rubber dock fenders, transmission belting, industrial belts and fan belts. The Company sells its products in India and abroad directly to automobile manufacturers and in the replacement market.

Goodyear is the only company in rubber industry with zero debt and progressive growth. Its currently trading at a P/E of less than 10 with excellent dividend yields of well over 2% in the last 12 months. Minimal liability and strong Cash & Cash equivalents makes it a safe buy. Revenues have grown from 917 Crores to 1301 Crores in the last 5 years. Profits have risen from 45 Crores to 75 Crores in the same period. NPM has improved marginally from 5% towards 6% over 5 years. Buy and hold for long term gains.