This small-cap tire stock recommends a dividend of ₹100 per share

Goodyear India Limited is a small-cap company whose market capitalization is 2,310 crore who works in the consumer discretionary sector. The board of directors of the tire company recommended a final dividend of Rs. 20/- per equity share Rs. 10 each and a special dividend of Rs. 80/- per equity share Rs. 10 each at their meeting held on May 26, 2022.

for the purpose of total dividend of 100, the Company has said in a BSE exchange filing that “In accordance with Regulation 33 and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in its today i.e. Thursday, 26 The meeting held on May, 2022, inter alia, recommended a final dividend of Rs.20/- per equity share of Rs.10 each and a special dividend of Rs.80/- per equity share of Rs.31 March, 2022. 10 each for the financial year ended on Monday.

For the quarter ended March 2022, the firm recorded a revenue of 603 crores, a 5% YoY growth over the previous quarter’s revenue 575 crores. In addition, the firm has declared profit after tax (PAT) 17 crore, a decline of 60% on a yearly basis 43 crore in the same quarter last year. In FY2022, the company’s net revenue reached 2,459 crore, up 36% year-on-year 1,815 crore in 2021, while the total PAT 103 crore, 24% less than 136 crores at the same time last year.

Goodyear shares closed 1,005 today, down 0.11 percent from its previous close 1006.15. Goodyear shares are trading higher than the 20-day, 50-day, 100-day and 200-day moving averages but below the 5-day moving average based on today’s closing price.

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