BSE: 505744 | NSE: FMGOETZE | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Federal-Mogul Goetze (India) Ltd is a good quality company.
The key valuation ratios of Federal-Mogul Goetze (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Federal-Mogul Goetze (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 17.6% | 17.3% | 21.2% | 22.8% | 20% | 6.2% | 1.4% | 10.1% | 15.7% | 17.9% | - |
| Value Creation Index ⓘ | 0.3 | 0.2 | 0.5 | 0.6 | 0.4 | -0.6 | -0.9 | -0.3 | 0.1 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,264 | 1,331 | 1,279 | 1,325 | 1,342 | 1,085 | 1,107 | 1,343 | 1,634 | 1,696 | 1,751 |
| Sales YoY Gr. | - | 5.3% | -3.9% | 3.6% | 1.2% | -19.1% | 2% | 21.3% | 21.7% | 3.8% | - |
| Adj EPS ⓘ | 6.3 | 8.6 | 14.4 | 15.8 | 16.1 | 6 | 5.9 | 9.9 | 17.9 | 23 | 24.9 |
| YoY Gr. | - | 35.7% | 67.8% | 10% | 1.8% | -62.9% | -0.5% | 67.1% | 80.1% | 28.6% | - |
| BVPS (₹) ⓘ | 67.7 | 91.7 | 110.2 | 126.5 | 142.8 | 147 | 147.5 | 157.4 | 176.1 | 199.6 | 212.8 |
| Adj Net Profit ⓘ | 35.1 | 47.7 | 79.9 | 87.9 | 89.5 | 33.2 | 33 | 55.1 | 99.3 | 128 | 139 |
| Cash Flow from Ops. ⓘ | 101 | 192 | 159 | 138 | 133 | 191 | 152 | 111 | 210 | 160 | - |
| Debt/CF from Ops. ⓘ | 1.5 | 1 | 0.5 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.3% | 4.8% | 15.3% | 3.8% | ||||
| Adj EPS ⓘ | 15.4% | 7.4% | 57% | 28.6% | ||||
| BVPSⓘ | 12.8% | 6.9% | 10.6% | 13.3% | ||||
| Share Price | -0.2% | -8.9% | 22.9% | 9.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.7 | 9.7 | 14.2 | 13.4 | 11.9 | 4.1 | 4 | 6.5 | 10.7 | 12.2 | 12.1 |
| Op. Profit Mgn % ⓘ | 12.3 | 13.3 | 17.1 | 17.2 | 17.1 | 12.2 | 11.7 | 12.4 | 12.9 | 14.3 | 14.4 |
| Net Profit Mgn % ⓘ | 3.5 | 4.1 | 6.8 | 7.2 | 7.3 | 3.6 | 3.4 | 4.5 | 6.5 | 7.9 | 7.9 |
| Debt to Equity ⓘ | 0.4 | 0.4 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 96 | 130 | 132 | 128 | 138 | 165 | 162 | 147 | 126 | 122 | 102 |
| Cash Conv. Cycle ⓘ | 26 | 31 | 31 | 48 | 64 | 73 | 52 | 32 | 22 | 21 | 62 |
Return on Equity has increased versus last 3 years average to 12.10%
Sales growth is growing at healthy rate in last 3 years 15.27%
Net Profit is growing at healthy rate in last 3 years 57.03%
Sales growth is not so good in last 4 quarters at 5.74%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 24.2 | 24.9 |
| TTM Sales (₹ Cr.) | 1,719 | 1,751 |
| BVPS (₹.) ⓘ | 200.2 | 212.8 |
| Reserves (₹ Cr.) ⓘ | 1,058 | 1,128 |
| P/BV ⓘ | 2.02 | 1.90 |
| PE ⓘ | 16.68 | 16.21 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 313.75 / 488.45 |
| All Time Low / High (₹) | 14.32 / 664.90 |
| Market Cap (₹ Cr.) | 2,246 |
| Equity (₹ Cr.) | 55.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 50.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,580 | 1,331 | 1,279 | 1,325 | 1,342 | 1,085 | 1,107 | 1,343 | 1,634 | 1,696 |
| Operating Expenses ⓘ | 1,393 | 1,155 | 1,065 | 1,098 | 1,115 | 955 | 981 | 1,179 | 1,424 | 1,456 |
| Manufacturing Costs | 354 | 279 | 297 | 326 | 334 | 260 | 264 | 322 | 377 | 389 |
| Material Costs | 538 | 453 | 394 | 391 | 406 | 342 | 368 | 485 | 650 | 630 |
| Employee Cost | 325 | 290 | 280 | 293 | 306 | 293 | 298 | 325 | 344 | 376 |
| Other Costs ⓘ | 175 | 134 | 94 | 88 | 69 | 60 | 51 | 47 | 52 | 62 |
| Operating Profit ⓘ | 187 | 176 | 215 | 228 | 226 | 130 | 126 | 164 | 210 | 239 |
| Operating Profit Margin (%) | 11.9% | 13.2% | 16.8% | 17.2% | 16.9% | 12.0% | 11.4% | 12.2% | 12.9% | 14.1% |
| Other Income ⓘ | 19 | 20 | 12 | 12 | 14 | 13 | 11 | 9 | 19 | 32 |
| Interest ⓘ | 33 | 26 | 17 | 7 | 6 | 4 | 3 | 5 | 5 | 6 |
| Depreciation ⓘ | 93 | 78 | 79 | 77 | 86 | 93 | 84 | 87 | 84 | 85 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -43 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 79 | 91 | 130 | 155 | 149 | 47 | 8 | 81 | 141 | 181 |
| Tax ⓘ | 28 | 36 | 46 | 58 | 53 | 8 | 3 | 22 | 34 | 47 |
| Profit After Tax | 51 | 55 | 84 | 96 | 95 | 39 | 5 | 59 | 107 | 133 |
| PAT Margin (%) | 3.2% | 4.1% | 6.5% | 7.3% | 7.1% | 3.6% | 0.4% | 4.4% | 6.6% | 7.9% |
| Adjusted EPS (₹) | 7.1 | 8.6 | 13.9 | 15.9 | 15.7 | 5.8 | 0.1 | 9.7 | 18.1 | 22.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 471 | 510 | 613 | 704 | 794 | 818 | 821 | 876 | 980 | 1,110 |
| Share Capital ⓘ | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 | 56 |
| Reserves ⓘ | 415 | 455 | 558 | 648 | 739 | 762 | 765 | 820 | 924 | 1,055 |
| Minority Interest | 67 | 75 | 54 | 59 | 64 | 66 | 66 | 68 | 72 | 74 |
| Debt | 189 | 171 | 69 | 25 | 23 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 7 | 37 | 23 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 181 | 134 | 46 | 25 | 23 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 209 | 227 | 187 | 171 | 179 | 198 | 290 | 305 | 342 | 321 |
| Others Liabilities ⓘ | 130 | 205 | 156 | 131 | 110 | 94 | 138 | 91 | 94 | 84 |
| Total Liabilities ⓘ | 1,065 | 1,188 | 1,080 | 1,089 | 1,170 | 1,175 | 1,314 | 1,340 | 1,487 | 1,590 |
Fixed Assets | ||||||||||
| Gross Block | 1,096 | 1,214 | 1,269 | 1,357 | 1,454 | 1,507 | 1,566 | 1,613 | 1,655 | 1,734 |
| Accumulated Depreciation | 610 | 674 | 735 | 803 | 875 | 952 | 1,019 | 1,085 | 1,147 | 1,200 |
| Net Fixed Assetsⓘ | 486 | 540 | 534 | 554 | 578 | 555 | 547 | 528 | 508 | 534 |
| CWIP ⓘ | 57 | 32 | 48 | 35 | 28 | 42 | 29 | 48 | 85 | 55 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 |
| Inventories | 205 | 206 | 191 | 191 | 218 | 195 | 187 | 186 | 196 | 193 |
| Trade Receivables | 182 | 192 | 192 | 219 | 238 | 196 | 265 | 266 | 272 | 283 |
Cash Equivalents  ⓘ
| 26 | 63 | 29 | 15 | 35 | 124 | 213 | 186 | 330 | 418 |
| Others Assetsⓘ | 109 | 155 | 86 | 75 | 73 | 63 | 74 | 124 | 95 | 104 |
| Total Assets ⓘ | 1,065 | 1,188 | 1,080 | 1,089 | 1,170 | 1,175 | 1,314 | 1,340 | 1,487 | 1,590 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 126 | 192 | 159 | 138 | 133 | 191 | 152 | 111 | 210 | 160 |
| PBT ⓘ | 79 | 91 | 130 | 155 | 149 | 47 | 8 | 81 | 141 | 181 |
| Adjustment ⓘ | 124 | 89 | 91 | 77 | 88 | 88 | 124 | 88 | 79 | 73 |
| Changes in Working Capital ⓘ | -21 | 36 | -25 | -38 | -47 | 78 | 40 | -38 | 27 | -49 |
| Tax Paid ⓘ | -57 | -25 | -37 | -56 | -56 | -21 | -19 | -20 | -37 | -45 |
| Cash Flow From Investing Activity ⓘ | -97 | -115 | -86 | -72 | -121 | -81 | -20 | -130 | -58 | -62 |
| Capex | -103 | -111 | -87 | -83 | -105 | -75 | -59 | -95 | -99 | -79 |
| Net Investments | 5 | 0 | 0 | 0 | 0 | -10 | 0 | -8 | 0 | 0 |
| Others ⓘ | 2 | -3 | 0 | 11 | -16 | 4 | 39 | -28 | 41 | 18 |
| Cash Flow From Financing Activityⓘ | -22 | -46 | -100 | -69 | -8 | -32 | -8 | -8 | -8 | -10 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -8 | 33 | -10 | -37 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -31 | -25 | -16 | -8 | -5 | -3 | -2 | -3 | -4 | -4 |
| Dividend Paid ⓘ | -3 | -4 | -4 | -3 | -4 | -4 | -4 | -3 | -3 | -4 |
| Others ⓘ | 21 | -49 | -70 | -21 | 0 | -25 | -2 | -1 | -1 | -1 |
| Net Cash Flow ⓘ | 8 | 32 | -27 | -3 | 4 | 78 | 124 | -27 | 144 | 88 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.18 | 11.21 | 14.91 | 14.61 | 12.75 | 4.8 | 0.6 | 6.93 | 11.57 | 12.76 |
| ROCE (%) | 17.57 | 17.32 | 21.22 | 22.75 | 20.04 | 6.21 | 1.35 | 10.09 | 15.73 | 17.85 |
| Asset Turnover Ratio | 1.7 | 1.3 | 1.25 | 1.25 | 1.19 | 0.93 | 0.89 | 1.03 | 1.17 | 1.11 |
| PAT to CFO Conversion(x) | 2.47 | 3.49 | 1.89 | 1.44 | 1.4 | 4.9 | 30.4 | 1.88 | 1.96 | 1.2 | Working Capital Days |
| Receivable Days | 36 | 46 | 49 | 55 | 62 | 73 | 76 | 71 | 60 | 59 |
| Inventory Days | 38 | 51 | 51 | 51 | 56 | 69 | 63 | 50 | 42 | 42 |
| Payable Days | 128 | 176 | 192 | 167 | 157 | 201 | 241 | 224 | 182 | 192 |
Federal-Mogul Goetze (
Goetze and Goetze Brico provide leading-edge technologies and competitive solutions for original equipment manufacturers and the automotive aftermarket
Federal-Mogul Goetze (India) is the largest manufacturer world-class pistons, piston rings, sintered parts and cylinder liners covering a wide range of applications including two/three-wheelers, cars, SUVs, tractors, light commercial vehicles, heavy commercial vehicles, stationary engines and high output locomotive diesel engines. It also exports its products to many countries.
Products:
Subsidiary:
Federal-Mogul TPR (India) -- Federal-Mogul TPR (India), formerly Goetze TP (India) was formed in 1997 as a joint venture among Federal-Mogul Goetze (India),Federal-Mogul Corporation and Japan’s Teikoku Piston Ring.
This partnership provides the Indian automobile industry with hi-tech steel compression rings and multi-piece oil rings for its new generation cars, 4-stroke bi-wheeler and other high-performance engines.
Certification:
It’s most modern production facilities at Bengaluru,
Milestones:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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