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JK Tyre and Industries vs Goodyear India: Share Price, PE, ROE Compared

JK Tyre and Industries MCap Rs 11,103 Cr, PE 16.91x, ROE 14.59%, D/E 0.81, Div 1.04%. Goodyear India MCap Rs 1,835 Cr, PE 29.84x, ROE 12.55%, D/E 0.04, Div 3.33%.


12 Aug 20264:07 pm

JK Tyre and Industries vs Goodyear India: Share Price, PE, ROE Compared

JK Tyre and Industries vs Goodyear India is a comparison tyre investors look up when evaluating two listed Indian tyre companies with different positioning. JK Tyre and Industries, a Delhi-based company (JK Group), manufactures tyres for trucks, buses, passenger cars, two-wheelers and off-the-road (OTR) applications across India and internationally. Goodyear India, a Faridabad-based company (Goodyear USA subsidiary), focuses exclusively on four-wheeler passenger car and farm tyres in India. The JK Tyre versus Goodyear India comparison covers a diversified mid-sized Indian tyre maker versus a focused MNC brand.

This JK Tyre and Industries vs Goodyear India article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this JK Tyre and Industries vs Goodyear India comparison, JK Tyre distributes truck, bus, car, 2-wheeler and OTR tyres across India through dealerships, and operates international sales. Market capitalisation is Rs 11,103 Cr.

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Goodyear India sells Goodyear-brand passenger car radial tyres and farm tyres through tyre dealers across India. Market capitalisation is Rs 1,835 Cr.

Key Products and Business Mix

For the JK Tyre and Industries vs Goodyear India product breakdown, JK Tyre and Industries: JK Tyre earns from truck, bus, car and 2-wheeler tyre sales. EPS is Rs 22.78. PE is 16.91x, ROE 14.59 percent, D/E 0.81, Div 1.04 percent.

Goodyear India: Goodyear India earns from passenger car and farm radial tyres. EPS is Rs 26.66. PE is 29.84x (more expensive), ROE 12.55 percent, D/E 0.04, Div 3.33 percent (excellent!).

Latest Results and Financial Data

On the JK Tyre and Industries vs Goodyear India results front: JK Tyre has a market cap of Rs 11,103 Cr and PE of 16.91x. ROE is 14.59 percent. JK Tyre is 6 times larger than Goodyear India.

Goodyear India has a market cap of Rs 1,835 Cr and PE of 29.84x. ROE is 12.55 percent. Goodyear pays an excellent 3.33% dividend with near-zero debt.

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Stock Performance and Valuation

Investors tracking the JK Tyre and Industries vs Goodyear India comparison should verify current prices on NSE or BSE before trading. The JK Tyre and Industries vs Goodyear India stock data below reflects the latest available figures from Groww and public company filings.

JK Tyre versus Goodyear India: JK (PE 16.91x, ROE 14.59%, diversified range) vs Goodyear (PE 29.84x, ROE 12.55%, Div 3.33%, near-zero debt). Comparing JK Tyre and Goodyear India, JK is cheaper on PE with higher ROE. Goodyear pays a much higher dividend.

JK Tyre and Industries vs Goodyear India: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter JK Tyre and Industries Goodyear India
Sector Truck + bus + car + 2-wheeler tyres (diversified, JK Group, Indian maker) Passenger car + farm radial tyres only (Goodyear USA subsidiary, focused)
Market Cap Rs 11,103 Cr Rs 1,835 Cr
P/E Ratio 16.91x (cheaper) 29.84x
ROE 14.59% 12.55%
Debt to Equity 0.81 0.04 (near zero!)
Product Range Full range: truck, bus, car, 2-wheeler, OTR Focused: passenger car + farm tyres only
Dividend Yield 1.04% 3.33% (excellent!)

Conclusion

The JK Tyre and Industries vs Goodyear India comparison above covers reach, products, results and valuation. JK Tyre and Industries versus Goodyear India covers a diversified Indian tyre maker versus a focused MNC brand. JK Tyre is cheaper on PE with higher ROE and broader product range. Goodyear pays a 3.33% dividend with near-zero debt as a focused MNC franchise. The JK Tyre and Goodyear India comparison shows different risk-return profiles in Indian tyres. Consult a SEBI-registered advisor for personalised guidance.

Download the Univest iOS App or Univest Android App to track JK Tyre and Industries and Goodyear India live price and get daily stock recommendations.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Frequently Asked Questions

What does JK Tyre make?

Ans. JK Tyre makes tyres for trucks, buses (TBR tyres), passenger cars, two-wheelers, three-wheelers and off-the-road (OTR) vehicles for mining and construction.

What does Goodyear India make?

Ans. Goodyear India makes Goodyear-brand passenger car radial tyres and farm tyres (for tractors and agricultural equipment) for the Indian market.

What is a radial tyre?

Ans. A radial tyre has cord plies arranged perpendicular to the direction of travel. Radials are the standard for modern passenger cars and commercial vehicles due to improved fuel efficiency, handling and durability.

Which is larger, JK Tyre or Goodyear?

Ans. JK Tyre at Rs 11,103 Cr is approximately 6 times larger than Goodyear India at Rs 1,835 Cr.

Who owns Goodyear India?

Ans. The Goodyear Tire & Rubber Company (USA) holds a majority stake in Goodyear India Limited.

Does Goodyear India pay dividends?

Ans. Yes. Goodyear India pays an excellent dividend yield of approximately 3.33 percent.

Are JK Tyre and Goodyear in Nifty 50?

Ans. Neither is in Nifty 50.

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