Federal-Mogul Goetze (India) Ltd

Federal-Mogul Goetze (India) Ltd

₹ 427 0.16%
16 Jul 11:29 a.m.
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
It is the second-largest player with more than 30% market share (FY21) in India's organized market of pistons/piston rings. [1]

  • Market Cap 2,374 Cr.
  • Current Price 427
  • High / Low 459 / 313
  • Stock P/E 19.0
  • Book Value 187
  • Dividend Yield 0.00 %
  • ROCE 17.6 %
  • ROE 12.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.6% 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
371 315 336 320 351 396 422 387 403 405 436 409 420
316 285 301 291 310 357 377 339 358 356 380 368 357
Operating Profit 55 30 34 29 41 39 46 48 45 49 55 41 63
OPM % 15% 9% 10% 9% 12% 10% 11% 12% 11% 12% 13% 10% 15%
-38 5 7 5 5 6 10 6 10 9 13 12 9
Interest 1 1 1 1 2 1 1 1 1 1 1 1 1
Depreciation 21 21 21 20 20 19 19 20 19 19 19 19 20
Profit before tax -4 14 19 13 25 25 35 33 36 37 48 32 51
Tax % -63% 27% 27% 26% 23% 26% 24% 30% 19% 23% 26% 26% 26%
-7 10 14 10 19 19 27 23 29 29 36 23 37
EPS in Rs -1.26 1.80 2.52 1.73 3.43 3.36 4.78 4.16 5.17 5.16 6.38 4.22 6.72
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,178 1,136 1,535 1,329 1,256 1,304 1,319 1,066 1,087 1,322 1,609 1,670
1,113 1,033 1,397 1,187 1,071 1,111 1,127 962 983 1,185 1,428 1,462
Operating Profit 65 103 138 142 184 193 192 104 104 137 180 208
OPM % 6% 9% 9% 11% 15% 15% 15% 10% 10% 10% 11% 12%
13 21 36 34 26 24 28 23 -20 20 31 42
Interest 30 27 37 28 21 11 9 5 3 5 5 5
Depreciation 62 66 89 75 76 73 82 89 80 81 77 78
Profit before tax -14 30 47 72 113 133 128 33 1 71 129 168
Tax % -18% 32% 34% 39% 34% 38% 36% 10% -36% 26% 25% 26%
-16 21 31 44 74 83 83 30 1 53 97 125
EPS in Rs -2.94 3.70 5.64 7.91 13.33 14.91 14.83 5.36 0.14 9.48 17.48 22.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 15%
TTM: 4%
Compounded Profit Growth
10 Years: 19%
5 Years: 9%
3 Years: 28%
TTM: 28%
Stock Price CAGR
10 Years: 5%
5 Years: -5%
3 Years: 11%
1 Year: 15%
Return on Equity
10 Years: -7%
5 Years: -19%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 56 56 56 56 56 56 56 56 56 56 56 56
Reserves 343 364 395 435 507 592 678 698 702 755 856 984
194 207 226 201 116 68 67 1 10 9 8 8
263 277 311 367 325 303 289 281 407 383 430 390
Total Liabilities 856 904 988 1,059 1,003 1,019 1,089 1,037 1,174 1,203 1,349 1,438
460 474 468 521 517 514 541 521 511 487 463 486
CWIP 36 33 56 32 24 33 28 36 21 34 76 55
Investments 5 5 5 5 5 5 5 5 5 7 7 7
355 392 459 501 457 467 515 475 637 675 803 891
Total Assets 856 904 988 1,059 1,003 1,019 1,089 1,037 1,174 1,203 1,349 1,438

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
79 96 108 188 134 130 116 180 127 110 200 131
-94 -80 -88 -104 -57 -76 -101 -87 -22 -111 -52 -60
13 -14 -15 -53 -100 -59 -8 -74 -4 -5 -5 -6
Net Cash Flow -2 2 4 32 -23 -5 7 19 101 -7 143 65

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 47 41 50 54 58 63 63 86 71 60 60
Inventory Days 107 132 126 140 157 155 169 179 160 122 98 100
Days Payable 137 155 142 180 159 151 150 191 257 216 187 176
Cash Conversion Cycle 17 23 26 10 51 62 82 50 -10 -22 -29 -15
Working Capital Days 38 46 40 38 40 52 66 55 47 41 19 29
ROCE % 4% 10% 13% 15% 20% 21% 18% 5% 6% 10% 15% 18%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.11% 0.07% 0.02% 0.04% 0.21% 0.14% 0.18% 0.49% 0.63% 0.45% 0.44% 0.53%
1.57% 1.63% 1.92% 1.87% 1.48% 1.43% 1.43% 1.43% 1.13% 1.13% 0.61% 0.00%
23.33% 23.32% 23.07% 23.11% 23.32% 23.43% 23.39% 23.09% 23.24% 23.42% 23.94% 24.47%
No. of Shareholders 35,00634,81532,16230,20328,20326,43025,80031,15732,03835,21235,14232,331

* 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

Concalls