Federal-Mogul Goetze (India) Ltd

Federal-Mogul Goetze (India) Ltd

₹ 496 -0.38%
13 Jun - 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 2,761 Cr.
  • Current Price 496
  • High / Low 533 / 308
  • Stock P/E 17.0
  • Book Value 228
  • Dividend Yield 0.00 %
  • ROCE 19.0 %
  • ROE 13.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 37.2% 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 10.6% over past five years.
  • Company has a low return on equity of 12.4% 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

Consolidated Figures in Rs. Crores / View Standalone

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
356 402 429 393 410 411 442 415 428 445 464 433 459
307 355 376 338 356 355 380 367 355 382 395 378 362
Operating Profit 49 47 54 55 53 56 63 48 72 63 69 55 97
OPM % 14% 12% 12% 14% 13% 14% 14% 11% 17% 14% 15% 13% 21%
3 4 4 4 8 7 6 10 9 11 11 10 12
Interest 2 1 1 1 1 1 1 1 1 1 1 1 2
Depreciation 21 21 21 21 20 21 21 21 22 21 22 22 22
Profit before tax 29 29 35 37 40 41 47 35 59 51 57 42 85
Tax % 24% 26% 26% 30% 15% 24% 29% 26% 26% 27% 29% 27% 27%
22 21 26 26 34 31 33 26 43 37 41 31 61
EPS in Rs 3.71 3.58 4.45 4.40 5.70 5.38 5.78 4.40 7.25 6.38 6.87 5.20 10.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,157 1,578 1,329 1,279 1,325 1,342 1,085 1,107 1,343 1,634 1,696 1,800
1,012 1,390 1,152 1,064 1,097 1,115 953 979 1,177 1,423 1,453 1,516
Operating Profit 145 189 178 215 228 227 132 128 166 211 243 284
OPM % 13% 12% 13% 17% 17% 17% 12% 12% 12% 13% 14% 16%
5 18 18 11 11 14 11 -33 7 18 28 44
Interest 25 33 26 17 7 6 4 3 5 5 6 6
Depreciation 69 93 78 79 77 86 93 84 87 84 85 87
Profit before tax 56 79 91 130 155 149 47 8 81 141 181 235
Tax % 36% 36% 40% 36% 38% 36% 17% 37% 27% 24% 26% 28%
36 51 55 84 96 96 39 5 59 107 133 170
EPS in Rs 4.88 7.10 8.56 15.05 15.88 15.71 5.84 0.10 9.71 18.13 22.81 29.13
Dividend Payout % 143% 123% 65% 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: 15%
5 Years: 37%
3 Years: 43%
TTM: 25%
Stock Price CAGR
10 Years: 2%
5 Years: 4%
3 Years: 21%
1 Year: 14%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 12%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 382 415 455 558 648 739 762 765 820 924 1,055 1,212
178 195 181 83 25 23 1 10 9 8 8 3
334 374 423 384 361 353 356 489 456 499 472 491
Total Liabilities 950 1,040 1,115 1,080 1,089 1,170 1,175 1,319 1,340 1,487 1,590 1,762
496 486 540 534 554 578 555 547 528 508 534 516
CWIP 33 57 32 48 35 28 42 29 48 85 55 24
Investments 0 0 0 0 0 0 0 0 2 2 2 2
421 496 543 499 500 563 578 743 762 893 999 1,220
Total Assets 950 1,040 1,115 1,080 1,089 1,170 1,175 1,319 1,340 1,487 1,590 1,762

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
115 126 192 159 138 133 191 152 111 210 160 221
-89 -97 -115 -86 -72 -121 -81 -20 -130 -58 -62 -17
-25 -22 -46 -100 -69 -8 -32 -8 -8 -8 -10 -12
Net Cash Flow 1 8 32 -27 -3 4 78 124 -27 144 88 192

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 49 42 53 55 60 65 66 87 72 61 61 68
Inventory Days 153 139 166 177 178 195 208 185 140 110 112 103
Days Payable 166 142 183 173 160 161 211 287 230 192 186 170
Cash Conversion Cycle 36 40 36 59 79 100 63 -15 -18 -21 -13 1
Working Capital Days 50 45 50 44 58 72 61 49 45 25 32 33
ROCE % 13% 16% 16% 20% 21% 19% 6% 6% 10% 15% 17% 19%

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.

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