Federal-Mogul Goetze (India) Ltd

Federal-Mogul Goetze (India) Ltd

₹ 444 2.10%
19 Jun 10:09 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 2,471 Cr.
  • Current Price 444
  • High / Low 451 / 313
  • Stock P/E 19.5
  • Book Value 200
  • Dividend Yield 0.00 %
  • ROCE 16.5 %
  • ROE 12.1 %
  • 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 10.1% 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

Consolidated Figures in Rs. Crores / View Standalone

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
376 319 344 325 356 402 429 393 410 411 442 415 428
313 282 302 289 307 355 376 338 356 355 380 367 355
Operating Profit 63 36 42 36 49 47 54 55 53 56 63 48 72
OPM % 17% 11% 12% 11% 14% 12% 12% 14% 13% 14% 14% 11% 17%
-41 3 1 3 3 4 4 4 8 7 6 10 9
Interest 1 1 1 1 2 1 1 1 1 1 1 1 1
Depreciation 22 22 22 23 21 21 21 21 20 21 21 21 22
Profit before tax -0 16 20 15 29 29 35 37 40 41 47 35 59
Tax % -2,239% 28% 31% 27% 24% 26% 26% 30% 15% 24% 29% 26% 26%
-4 12 14 11 22 21 26 26 34 31 33 26 43
EPS in Rs -1.03 1.94 2.22 1.84 3.71 3.58 4.45 4.40 5.70 5.38 5.78 4.40 7.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,198 1,157 1,578 1,329 1,279 1,325 1,342 1,085 1,107 1,343 1,634 1,696
1,092 1,012 1,390 1,152 1,064 1,097 1,115 953 979 1,177 1,423 1,457
Operating Profit 106 145 189 178 215 228 227 132 128 166 211 238
OPM % 9% 13% 12% 13% 17% 17% 17% 12% 12% 12% 13% 14%
0 5 18 18 11 11 14 11 -33 7 18 32
Interest 27 25 33 26 17 7 6 4 3 5 5 5
Depreciation 65 69 93 78 79 77 86 93 84 87 84 85
Profit before tax 14 56 79 91 130 155 149 47 8 81 141 181
Tax % 87% 36% 36% 40% 36% 38% 36% 17% 37% 27% 24% 26%
2 36 51 55 84 96 96 39 5 59 107 133
EPS in Rs -1.21 4.88 7.10 8.56 15.05 15.88 15.71 5.84 0.10 9.71 18.13 22.81
Dividend Payout % -58% 143% 123% 65% 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: 16%
5 Years: 8%
3 Years: 194%
TTM: 25%
Stock Price CAGR
10 Years: 6%
5 Years: -4%
3 Years: 10%
1 Year: 19%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 356 382 415 455 558 648 739 762 765 820 924 1,055
174 178 195 181 83 25 23 1 10 9 8 8
315 334 374 423 384 361 353 356 489 456 499 473
Total Liabilities 901 950 1,040 1,115 1,080 1,089 1,170 1,175 1,319 1,340 1,487 1,591
474 496 486 540 534 554 578 555 547 528 508 534
CWIP 38 33 57 32 48 35 28 42 29 48 85 55
Investments 0 0 0 0 0 0 0 0 0 2 2 2
389 421 496 543 499 500 563 578 743 762 893 1,000
Total Assets 901 950 1,040 1,115 1,080 1,089 1,170 1,175 1,319 1,340 1,487 1,591

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
79 115 126 192 159 138 133 191 152 111 210 160
-100 -89 -97 -115 -86 -72 -121 -81 -20 -130 -58 -62
21 -25 -22 -46 -100 -69 -8 -32 -8 -8 -8 -10
Net Cash Flow 1 1 8 32 -27 -3 4 78 124 -27 144 88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 48 49 42 53 55 60 65 66 87 72 61 61
Inventory Days 124 153 139 166 177 178 195 208 185 140 110 112
Days Payable 147 166 142 183 173 160 161 211 287 230 192 186
Cash Conversion Cycle 25 36 40 36 59 79 100 63 -15 -18 -21 -13
Working Capital Days 41 50 45 50 44 58 72 61 49 45 25 32
ROCE % 8% 13% 16% 16% 20% 21% 19% 6% 6% 10% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.11% 0.11% 0.07% 0.02% 0.04% 0.21% 0.14% 0.18% 0.49% 0.63% 0.45% 0.44%
1.81% 1.57% 1.63% 1.92% 1.87% 1.48% 1.43% 1.43% 1.43% 1.13% 1.13% 0.61%
23.08% 23.33% 23.32% 23.07% 23.11% 23.32% 23.43% 23.39% 23.09% 23.24% 23.42% 23.94%
No. of Shareholders 31,58335,00634,81532,16230,20328,20326,43025,80031,15732,03835,21235,142

* 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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