Federal-Mogul Goetze (India) Ltd
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]
- Market Cap ₹ 2,663 Cr.
- Current Price ₹ 479
- High / Low ₹ 622 / 308
- Stock P/E 14.9
- Book Value ₹ 231
- Dividend Yield 0.00 %
- ROCE 20.6 %
- ROE 14.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 39.8% 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 13.2% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,136 | 1,535 | 1,329 | 1,256 | 1,304 | 1,319 | 1,066 | 1,087 | 1,322 | 1,609 | 1,670 | 1,769 | 1,835 | |
| 1,033 | 1,397 | 1,187 | 1,071 | 1,111 | 1,127 | 962 | 983 | 1,185 | 1,428 | 1,457 | 1,513 | 1,568 | |
| Operating Profit | 103 | 138 | 142 | 184 | 193 | 192 | 104 | 104 | 137 | 180 | 212 | 256 | 268 |
| OPM % | 9% | 9% | 11% | 15% | 15% | 15% | 10% | 10% | 10% | 11% | 13% | 14% | 15% |
| 21 | 36 | 34 | 26 | 24 | 28 | 23 | -20 | 20 | 31 | 39 | 49 | 62 | |
| Interest | 27 | 37 | 28 | 21 | 11 | 9 | 5 | 3 | 5 | 5 | 6 | 7 | 6 |
| Depreciation | 66 | 89 | 75 | 76 | 73 | 82 | 89 | 80 | 81 | 77 | 78 | 80 | 81 |
| Profit before tax | 30 | 47 | 72 | 113 | 133 | 128 | 33 | 1 | 71 | 129 | 168 | 218 | 242 |
| 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 | 179 | |
| 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 | 32.13 |
| 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: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 40% |
| 3 Years: | 45% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 7% |
| 3 Years: | 15% |
| 1 Year: | 18% |
| Return on Equity | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -14% |
| 3 Years: | 13% |
| Last Year: | 15% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 56 | 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 | 1,232 |
| 207 | 226 | 201 | 116 | 68 | 67 | 1 | 10 | 9 | 8 | 8 | 3 | 2 | |
| 277 | 311 | 367 | 325 | 303 | 289 | 281 | 407 | 383 | 430 | 390 | 401 | 410 | |
| Total Liabilities | 904 | 988 | 1,059 | 1,003 | 1,019 | 1,089 | 1,037 | 1,174 | 1,203 | 1,349 | 1,438 | 1,600 | 1,700 |
| 474 | 468 | 521 | 517 | 514 | 541 | 521 | 511 | 487 | 463 | 486 | 474 | 445 | |
| CWIP | 33 | 56 | 32 | 24 | 33 | 28 | 36 | 21 | 34 | 76 | 55 | 22 | 40 |
| Investments | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 |
| 392 | 459 | 501 | 457 | 467 | 515 | 475 | 637 | 675 | 803 | 891 | 1,097 | 1,208 | |
| Total Assets | 904 | 988 | 1,059 | 1,003 | 1,019 | 1,089 | 1,037 | 1,174 | 1,203 | 1,349 | 1,438 | 1,600 | 1,700 |
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 | 201 | |
| -80 | -88 | -104 | -57 | -76 | -101 | -87 | -22 | -111 | -52 | -60 | -19 | |
| -14 | -15 | -53 | -100 | -59 | -8 | -74 | -4 | -5 | -5 | -6 | -7 | |
| Net Cash Flow | 2 | 4 | 32 | -23 | -5 | 7 | 19 | 101 | -7 | 143 | 65 | 175 |
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 | 160 | 159 |
| Cash Conversion Cycle | 23 | 26 | 10 | 51 | 62 | 82 | 50 | -10 | -22 | -29 | 0 | 1 |
| Working Capital Days | -14 | -10 | -4 | 17 | 33 | 48 | 55 | 46 | 40 | 19 | 29 | 31 |
| ROCE % | 10% | 13% | 15% | 20% | 21% | 18% | 5% | 6% | 10% | 15% | 18% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Copies of Unaudited financial result of the Company for Quarter and Half year ended 30th September 2025, published in newspapers dated 13th November 2025. The …
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Board Meeting Outcome for Intimation Of Outcome Of The Board Meeting Of The SEBI (LODR) Regulations, 2015
11 Nov - Board approved Q2/H1 results (ended 30 Sep 2025): standalone revenue ₹48,128.08 lacs; PAT ₹5,111.98 lacs.
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Board Meeting Intimation for Intimation Of Board Meeting
31 Oct - Board meeting on 11 Nov 2025 to approve unaudited results for quarter/half-year ended 30 Sept 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certifies physical share certificates dematerialised, cancelled; depository substituted for quarter ended 30 September 2025.
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Shareholder Meeting / Postal Ballot-Outcome of AGM
29 Sep - 70th AGM (29 Sep 2025): adopted FY2024-25 financials; approved director appointments, auditors; Amit Mittal appointed MD&CFO.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2022
from web
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Concalls
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jul 2021Transcript PPT
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Feb 2021TranscriptPPT
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Nov 2020Transcript PPT
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]