Federal-Mogul Goetze (India) Ltd - Stock Valuation and Financial Performance

BSE: 505744 | NSE: FMGOETZE | Auto Ancillary | Small Cap

Federal-Mogul Goetze Share Price

390.90 -6.80 -1.71%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Federal-Mogul Goetze

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Federal-Mogul Goetze (India) stock performance -

mw4me loader
P/E Ratio (CD):
15.97
Market Cap:
2,212.5 Cr.
52-wk low:
313.8
52-wk high:
488.5

Is Federal-Mogul Goetze (India) Ltd an attractive stock to invest in?

1. Is Federal-Mogul Goetze (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Federal-Mogul Goetze (India) Ltd is a good quality company.

2. Is Federal-Mogul Goetze (India) Ltd undervalued or overvalued?

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.

3. Is Federal-Mogul Goetze (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Federal-Mogul Goetze (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Federal-Mogul Goetze:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Federal-Mogul Goetze (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 17.6%17.3%21.2%22.8%20%6.2%1.4%10.1%15.7%17.9%-
Value Creation
Index
0.30.20.50.60.4-0.6-0.9-0.30.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2641,3311,2791,3251,3421,0851,1071,3431,6341,6961,751
Sales YoY Gr.-5.3%-3.9%3.6%1.2%-19.1%2%21.3%21.7%3.8%-
Adj EPS 6.38.614.415.816.165.99.917.92324.9
YoY Gr.-35.7%67.8%10%1.8%-62.9%-0.5%67.1%80.1%28.6%-
BVPS (₹) 67.791.7110.2126.5142.8147147.5157.4176.1199.6212.8
Adj Net
Profit
35.147.779.987.989.533.23355.199.3128139
Cash Flow from Ops. 101192159138133191152111210160-
Debt/CF from Ops. 1.510.50.20.200000-

CAGR

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%
BVPS12.8%6.9%10.6%13.3%
Share Price -0.2% -7.7% 15.2% 9.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
9.79.714.213.411.94.146.510.712.212.1
Op. Profit
Mgn %
12.313.317.117.217.112.211.712.412.914.314.4
Net Profit
Mgn %
3.54.16.87.27.33.63.44.56.57.97.9
Debt to
Equity
0.40.40.100000000
Working Cap
Days
96130132128138165162147126122102
Cash Conv.
Cycle
2631314864735232222162

Recent Performance Summary

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%

Latest Financials - Federal-Mogul Goetze (India) Ltd.

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 1.99 1.87
PE 16.42 15.97
From the Market
52 Week Low / High (₹) 313.75 / 488.45
All Time Low / High (₹) 14.32 / 664.90
Market Cap (₹ Cr.) 2,212
Equity (₹ Cr.) 55.6
Face Value (₹) 10
Industry PE 51.1

Management X-Ray of Federal-Mogul Goetze:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Federal-Mogul Goetze

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,5801,3311,2791,3251,3421,0851,1071,3431,6341,696
Operating Expenses 1,3931,1551,0651,0981,1159559811,1791,4241,456
Manufacturing Costs354279297326334260264322377389
Material Costs538453394391406342368485650630
Employee Cost 325290280293306293298325344376
Other Costs 1751349488696051475262
Operating Profit 187176215228226130126164210239
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 1920121214131191932
Interest 3326177643556
Depreciation 93787977869384878485
Exceptional Items 000000-43000
Profit Before Tax 799113015514947881141181
Tax 283646585383223447
Profit After Tax 515584969539559107133
PAT Margin (%) 3.2%4.1%6.5%7.3%7.1%3.6%0.4%4.4%6.6%7.9%
Adjusted EPS (₹)7.18.613.915.915.75.80.19.718.122.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4715106137047948188218769801,110
Share Capital 56565656565656565656
Reserves 4154555586487397627658209241,055
Minority Interest67755459646666687274
Debt18917169252300000
Long Term Debt737230000000
Short Term Debt18113446252300000
Trade Payables209227187171179198290305342321
Others Liabilities 13020515613111094138919484
Total Liabilities 1,0651,1881,0801,0891,1701,1751,3141,3401,4871,590

Fixed Assets

Gross Block1,0961,2141,2691,3571,4541,5071,5661,6131,6551,734
Accumulated Depreciation6106747358038759521,0191,0851,1471,200
Net Fixed Assets486540534554578555547528508534
CWIP 57324835284229488555
Investments 0000000222
Inventories205206191191218195187186196193
Trade Receivables182192192219238196265266272283
Cash Equivalents 2663291535124213186330418
Others Assets109155867573637412495104
Total Assets 1,0651,1881,0801,0891,1701,1751,3141,3401,4871,590

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 126192159138133191152111210160
PBT 799113015514947881141181
Adjustment 1248991778888124887973
Changes in Working Capital -2136-25-38-477840-3827-49
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 50000-100-800
Others 2-3011-16439-284118
Cash Flow From Financing Activity -22-46-100-69-8-32-8-8-8-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -833-10-37000000
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 21-49-70-210-25-2-1-1-1
Net Cash Flow 832-27-3478124-2714488
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)11.1811.2114.9114.6112.754.80.66.9311.5712.76
ROCE (%)17.5717.3221.2222.7520.046.211.3510.0915.7317.85
Asset Turnover Ratio1.71.31.251.251.190.930.891.031.171.11
PAT to CFO Conversion(x)2.473.491.891.441.44.930.41.881.961.2
Working Capital Days
Receivable Days36464955627376716059
Inventory Days38515151566963504242
Payable Days128176192167157201241224182192

Federal-Mogul Goetze (India) Ltd Stock News

Federal-Mogul Goetze (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Federal-Mogul Goetze on 21-Nov-2024 16:59 is ₹390.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Federal-Mogul Goetze stood at ₹2,212.5.
The latest P/E ratio of Federal-Mogul Goetze as of 21-Nov-2024 16:59 is 16.42.
The latest P/B ratio of Federal-Mogul Goetze as of 21-Nov-2024 16:59 is 1.99.
The 52-week high of Federal-Mogul Goetze is ₹488.4 and the 52-week low is ₹313.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Federal-Mogul Goetze is ₹1,719 ( Cr.) .

About Federal-Mogul Goetze (India) Ltd

Federal-Mogul Goetze (India) was established in 1954 as a joint venture with Goetze-Werke of Germany. The company is now owned by Federal-Mogul Corporation, a $6.3 billion global company and one of the leading manufacturers of automotive components in the world.

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:

  • Pistons
  • Piston rings
  • Sintered parts
  • Cylinder liners
  • Light Metal Castings

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, Patiala and Bhiwadi are certified TS 16949, ISO14001 and OHSAS 18001.

Milestones:

  • 1954    Incorporated as a joint venture with Goetze Werke 
  • 1957     Ring and liner production at Patiala
  • 1958    Piston production as escorts (Automotive Division) at Patiala                                                                                                              
  • 1960    Cast iron / forged piston production started at Patiala
  • 1968    Pins / ring carrier production started at Patiala
  • 1977    Piston / ring production started at Bengaluru
  • 1982    Steel rings / large bore locomotive piston at Bengaluru
  • 1985    Light alloy products at Patiala
  • 1989    Auto thermic pistons production at Bengaluru
  • 1990    Moly coated / IKA / chrome oil rings at Patiala
  • 1992    Large bore rings / pistons for battle tanks at Bengaluru
  • 1994    Composite pistons / new ring foundry at Bengaluru
  • 1996    Escorts (Automotive Division) hived off into joint venture with Mahle
  • 1997    Goetze TP (India) -  Manufacturer of steel rings
  • 2001    Merger of Federal-Mogul sintered products with Goetze (India)
  • 2003    Merger of Escorts pistons activities with Goetze (India)
  • 2004    Introduction of chrome-ceramic rings
  • 2004    Technical collaboration for pistons with Federal-Mogul Corporation
  • 2006    Majority stake holding acquisition by Federal-Mogul Corporation
  • 2006    Name changed from Goetze (India) to Federal-Mogul Goetze (India)
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