Federal-Mogul Goetze (India) Ltd

About

Federal-Mogul Goetze (India) engaged mainly in the manufacture, supply and distribution of 'automotive components' used in two/three/four wheeler automobiles.

  • Market Cap 1,541 Cr.
  • Current Price 277
  • High / Low 666 / 238
  • Stock P/E
  • Book Value 147
  • Dividend Yield 0.00 %
  • ROCE 6.41 %
  • ROE 4.94 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is virtually debt free.
  • Promoter holding has increased by 21.84% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of -7.21% over past five years.
  • Company has a low return on equity of 10.49% for last 3 years.
  • Company's cost of borrowing seems high
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
346 350 343 303 313 259 279 234 98
281 295 297 248 271 234 244 207 139
Operating Profit 65 55 46 56 42 25 36 27 -41
OPM % 19% 16% 13% 18% 13% 10% 13% 12% -42%
Other Income 2 5 11 2 5 3 2 3 2
Interest 1 1 2 0 1 1 1 1 0
Depreciation 21 22 22 22 23 23 23 23 15
Profit before tax 44 37 32 35 23 5 13 6 -54
Tax % 34% 36% 36% 38% 34% -133% 26% 48% 25%
Net Profit 27 21 20 17 13 9 8 2 -40
EPS in Rs 4.91 3.71 3.52 3.08 2.32 1.66 1.46 0.41 -7.11
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
697 785 933 1,165 1,198 1,157 1,578 1,329 1,279 1,325 1,342 1,085 870
625 646 818 1,017 1,092 1,012 1,390 1,152 1,064 1,097 1,115 953 823
Operating Profit 72 139 115 147 106 145 189 178 215 228 227 132 47
OPM % 10% 18% 12% 13% 9% 13% 12% 13% 17% 17% 17% 12% 5%
Other Income 21 10 19 3 0 5 18 18 11 11 14 11 10
Interest 34 23 12 23 27 25 33 26 17 7 6 4 3
Depreciation 50 54 52 57 65 69 93 78 79 77 86 93 84
Profit before tax 8 72 69 70 14 56 79 91 130 155 149 47 -30
Tax % 74% 16% 30% 32% 87% 36% 36% 40% 36% 38% 36% 17%
Net Profit -2 55 40 40 -7 27 40 48 84 88 87 32 -20
EPS in Rs -0.31 9.80 7.19 7.11 -1.21 4.88 7.10 8.56 15.05 15.88 15.71 5.84 -3.58
Dividend Payout % -0% 4% 8% 8% -58% 143% 123% 65% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:3%
5 Years:-7%
3 Years:-5%
TTM:-34%
Compounded Profit Growth
10 Years:-5%
5 Years:-5%
3 Years:-22%
TTM:-120%
Stock Price CAGR
10 Years:5%
5 Years:-5%
3 Years:-17%
1 Year:-49%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:10%
Last Year:5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
56 56 56 56 56 56 56 56 56 56 56 56
Reserves 250 302 336 371 356 382 415 455 558 648 739 762
Borrowings 184 94 63 118 174 178 195 181 83 25 23 1
211 227 272 345 315 334 374 423 384 361 353 356
Total Liabilities 699 677 727 889 901 950 1,040 1,115 1,080 1,089 1,170 1,175
423 384 371 442 474 496 486 540 534 554 578 555
CWIP 14 17 36 37 38 33 57 32 48 35 28 42
Investments 11 11 10 11 -0 -0 -0 -0 0 0 0 0
251 265 310 400 389 421 496 543 499 500 563 578
Total Assets 699 677 727 889 901 950 1,040 1,115 1,080 1,089 1,170 1,175

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
100 146 99 101 79 115 126 192 159 138 133 191
-70 -36 -50 -133 -100 -89 -97 -115 -86 -72 -121 -81
-30 -109 -44 27 21 -25 -22 -46 -100 -69 -8 -32
Net Cash Flow -0 1 5 -4 1 1 8 32 -27 -3 4 78

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 9% 22% 20% 19% 9% 14% 18% 18% 21% 23% 20% 6%
Debtor Days 51 50 49 50 48 49 42 53 55 60 65 66
Inventory Turnover 2.10 2.76 3.61 3.63 3.42 3.02 3.54 2.62 2.41 2.53 2.43 2.01

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 96.82 96.82 96.82
0.31 0.33 0.34 0.34 0.29 0.29 0.29 0.29 0.30 0.02 0.02 0.02
13.54 13.57 13.30 13.41 13.48 13.49 13.92 13.88 8.64 0.01 0.01 0.01
11.17 11.12 11.38 11.26 11.24 11.24 10.80 10.84 16.08 3.15 3.16 3.16

Documents