Federal-Mogul Goetze (India) Ltd

Federal-Mogul Goetze (India) Ltd

₹ 450 4.34%
30 May - close price
About

Federal-Mogul Goetze (India) Ltd manufactures, supplies, and distributes automotive components like pistons, piston rings, etc to two/three/four-wheeler automobiles in Indian and International markets.
It was established in 1954 as a joint venture with Goetze-Werke of Germany. Goetze- Werke is owned by Federal-Mogul.
Presently, It operates as a subsidiary of Tenneco Inc, post-Tenneco’s acquisition of Federal-Mogul. [1]

Key Points

Market Share
The company is the second largest player in the organized market of pistons and piston rings in India with ~29% market share. [1]

  • Market Cap 2,504 Cr.
  • Current Price 450
  • High / Low 489 / 308
  • Stock P/E 15.7
  • Book Value 215
  • Dividend Yield 0.00 %
  • ROCE 19.9 %
  • ROE 14.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 38.9% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Company has a low return on equity of 13.0% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
351 396 422 387 403 405 436 409 420 435 455 426 453
310 357 377 339 358 356 380 368 357 381 397 379 366
Operating Profit 41 39 46 48 45 49 55 41 63 55 59 47 87
OPM % 12% 10% 11% 12% 11% 12% 13% 10% 15% 13% 13% 11% 19%
5 6 10 6 10 9 13 12 9 13 17 13 14
Interest 2 1 1 1 1 1 1 1 1 1 1 1 2
Depreciation 20 19 19 20 19 19 19 19 20 20 20 20 20
Profit before tax 25 25 35 33 36 37 48 32 51 47 55 38 79
Tax % 23% 26% 24% 30% 19% 23% 26% 26% 26% 27% 27% 27% 26%
19 19 27 23 29 29 36 23 37 34 40 27 58
EPS in Rs 3.43 3.36 4.78 4.16 5.17 5.16 6.38 4.22 6.72 6.07 7.21 4.93 10.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,136 1,535 1,329 1,256 1,304 1,319 1,066 1,087 1,322 1,609 1,670 1,769
1,033 1,397 1,187 1,071 1,111 1,127 962 983 1,185 1,428 1,457 1,522
Operating Profit 103 138 142 184 193 192 104 104 137 180 212 247
OPM % 9% 9% 11% 15% 15% 15% 10% 10% 10% 11% 13% 14%
21 36 34 26 24 28 23 -20 20 31 39 57
Interest 27 37 28 21 11 9 5 3 5 5 6 6
Depreciation 66 89 75 76 73 82 89 80 81 77 78 80
Profit before tax 30 47 72 113 133 128 33 1 71 129 168 218
Tax % 32% 34% 39% 34% 38% 36% 10% -36% 26% 25% 26% 27%
21 31 44 74 83 83 30 1 53 97 125 160
EPS in Rs 3.70 5.64 7.91 13.33 14.91 14.83 5.36 0.14 9.48 17.48 22.48 28.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 11%
3 Years: 10%
TTM: 6%
Compounded Profit Growth
10 Years: 17%
5 Years: 39%
3 Years: 43%
TTM: 25%
Stock Price CAGR
10 Years: 1%
5 Years: 0%
3 Years: 18%
1 Year: 16%
Return on Equity
10 Years: -4%
5 Years: -15%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 56 56 56 56 56 56 56 56 56 56 56 56
Reserves 364 395 435 507 592 678 698 702 755 856 984 1,140
207 226 201 116 68 67 1 10 9 8 8 3
277 311 367 325 303 289 281 407 383 430 390 401
Total Liabilities 904 988 1,059 1,003 1,019 1,089 1,037 1,174 1,203 1,349 1,438 1,600
474 468 521 517 514 541 521 511 487 463 486 474
CWIP 33 56 32 24 33 28 36 21 34 76 55 22
Investments 5 5 5 5 5 5 5 5 7 7 7 7
392 459 501 457 467 515 475 637 675 803 891 1,097
Total Assets 904 988 1,059 1,003 1,019 1,089 1,037 1,174 1,203 1,349 1,438 1,600

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
96 108 188 134 130 116 180 127 110 200 131
-80 -88 -104 -57 -76 -101 -87 -22 -111 -52 -60
-14 -15 -53 -100 -59 -8 -74 -4 -5 -5 -6
Net Cash Flow 2 4 32 -23 -5 7 19 101 -7 143 65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 47 41 50 54 58 63 63 86 71 60 60 68
Inventory Days 132 126 140 157 155 169 179 160 122 98 100 92
Days Payable 155 142 180 159 151 150 191 257 216 187 176 159
Cash Conversion Cycle 23 26 10 51 62 82 50 -10 -22 -29 -15 1
Working Capital Days 46 40 38 40 52 66 55 47 41 19 29 31
ROCE % 10% 13% 15% 20% 21% 18% 5% 6% 10% 15% 18% 20%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.04% 0.21% 0.14% 0.18% 0.49% 0.63% 0.45% 0.44% 0.53% 0.76% 0.47% 0.30%
1.87% 1.48% 1.43% 1.43% 1.43% 1.13% 1.13% 0.61% 0.00% 0.13% 0.31% 0.22%
23.11% 23.32% 23.43% 23.39% 23.09% 23.24% 23.42% 23.94% 24.47% 24.13% 24.23% 24.49%
No. of Shareholders 30,20328,20326,43025,80031,15732,03835,21235,14232,33131,06531,48230,677

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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