Federal-Mogul Goetze

₹360.9 7.4 | 2.1%

WEBSITE BSE:505744 NSE : FED MOG GOE 10 May, 16:01

Market Cap ₹2008 Cr.

Stock P/E 17.0

P/B 1.9

Current Price ₹360.9

Book Value ₹ 191.9

Face Value 10

52W High ₹431.4

Dividend Yield 0%

52W Low ₹ 312.5

Edit Ratio

Federal-Mogul Goetze Research see more...

Overview Inc. Year: 1954Industry: Auto Ancillary

Federal-Mogul Goetze Ltd is a producer of auto components. The Company is engaged in the production, supplying, and distribution of automotive additives utilized in two/three/four-wheeler motors. The Company’s number one enterprise section is the producing and trading of auto components. It provides piston rings, pistons, and pins. The Company manufactures various piston rings for bi-wheelers, tractors, passenger cars and SUVs, locomotive engines, stationary engines, commercial vehicles and industrial. The Company offers a number of light steel castings, which includes cylinder blocks, cylinder heads for single-cylinder engines, aluminium tube castings, and aluminium crown handles for bikes. The Company principal centres are situated at Patiala (Punjab), Bengaluru (Karnataka), and Bhiwadi (Rajasthan).

Federal-Mogul Goetze Share Price

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Peer Comparison

Federal-Mogul Goetze Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	344	325	356	402	429	393	410	411	442	415
Other Income	1	3	3	4	4	4	8	7	6	10
Total Income	345	328	358	405	433	397	418	417	449	425
Total Expenditure	302	289	307	355	376	338	356	355	380	367
Operating Profit	43	38	52	50	58	59	61	62	69	57
Interest	1	1	2	1	1	1	1	1	1	1
Depreciation	22	23	21	21	21	21	20	21	21	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	20	15	29	29	35	37	40	41	47	35
Provision for Tax	6	4	7	7	9	11	6	10	13	9
Profit After Tax	14	11	22	21	26	26	34	31	33	26
Adjustments	-1	-1	-2	-1	-1	-1	-3	-1	-1	-1
Profit After Adjustments	12	10	21	20	25	24	32	30	32	24
Adjusted Earnings Per Share	2.2	1.8	3.7	3.6	4.5	4.4	5.7	5.4	5.8	4.4

Federal-Mogul Goetze Profit & Loss

#(Fig in Cr.)	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1199	1158	1580	1331	1279	1325	1342	1085	1107	1343	1634	1678
Other Income	9	7	19	20	12	12	14	13	11	9	19	31
Total Income	1209	1165	1599	1351	1291	1337	1356	1099	1118	1352	1653	1709
Total Expenditure	1096	1015	1393	1155	1065	1098	1115	955	981	1179	1424	1458
Operating Profit	112	150	206	196	227	239	241	144	137	173	230	249
Interest	27	25	33	26	17	7	6	4	3	5	5	4
Depreciation	65	69	93	78	79	77	86	93	84	87	84	83
Exceptional Income / Expenses	-6	0	0	0	0	0	0	0	-43	0	0	0
Profit Before Tax	14	56	79	91	130	155	149	47	8	81	141	163
Provision for Tax	12	20	28	36	46	58	53	8	3	22	34	38
Profit After Tax	2	36	51	55	84	96	95	39	5	59	107	124
Adjustments	-9	-9	-11	-7	-6	-8	-8	-6	-4	-5	-7	-6
Profit After Adjustments	-7	27	40	48	77	88	87	32	1	54	101	118
Adjusted Earnings Per Share	-1.3	4.9	7.1	8.6	13.9	15.9	15.7	5.8	0.1	9.7	18.1	21.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	15%	4%	3%
Operating Profit CAGR	33%	17%	-1%	7%
PAT CAGR	81%	40%	2%	49%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	12%	8%	-8%	7%
ROE Average	12%	6%	7%	9%
ROCE Average	16%	9%	11%	14%

Federal-Mogul Goetze Balance Sheet

#(Fig in Cr.)	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	411	437	471	510	613	704	794	818	821	876	980
Minority's Interest	47	56	67	75	54	59	64	66	66	68	72
Borrowings	0	16	7	37	23	0	0	0	0	0	0
Other Non-Current Liabilities	74	82	96	164	71	68	61	56	89	45	42
Total Current Liabilities	369	359	424	403	318	258	251	236	338	351	394
Total Liabilities	901	950	1065	1188	1080	1089	1170	1175	1314	1340	1487
Fixed Assets	474	496	486	540	534	554	578	555	547	528	508
Other Non-Current Assets	85	79	117	136	90	76	65	79	70	108	145
Total Current Assets	342	374	462	512	456	460	527	541	697	704	835
Total Assets	901	950	1065	1188	1080	1089	1170	1175	1314	1340	1487

Federal-Mogul Goetze Cash Flow

#(Fig in Cr.)	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	4	5	13	38	10	7	11	89	213	186
Cash Flow from Operating Activities	79	115	126	192	159	138	133	191	152	111	210
Cash Flow from Investing Activities	-100	-89	-97	-115	-86	-72	-121	-81	-20	-130	-58
Cash Flow from Financing Activities	21	-25	-22	-46	-100	-69	-8	-32	-8	-8	-8
Net Cash Inflow / Outflow	1	1	8	32	-27	-3	4	78	124	-27	144
Closing Cash & Cash Equivalent	4	5	13	45	10	7	11	89	213	186	330

Federal-Mogul Goetze Ratios

#	Dec 2012	Dec 2013	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-1.26	4.88	7.1	8.56	13.89	15.88	15.71	5.84	0.1	9.71	18.13
CEPS(Rs)	12.02	18.92	25.92	23.98	29.31	31.13	32.58	23.64	15.91	26.22	34.34
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	73.93	78.63	84.64	91.7	110.21	126.52	142.79	146.99	147.53	157.43	176.09
Core EBITDA Margin(%)	7.82	11.24	10.9	11.96	15.15	16.74	16.87	12.01	11.4	11.98	12.73
EBIT Margin(%)	3.13	6.36	6.56	8.01	10.4	11.92	11.54	4.68	1	6.26	8.84
Pre Tax Margin(%)	1.09	4.42	4.61	6.21	9.18	11.37	11.1	4.3	0.71	5.89	8.54
PAT Margin (%)	0.15	2.85	2.95	3.74	5.91	7.07	7.12	3.57	0.45	4.3	6.5
Cash Profit Margin (%)	5.08	8.28	8.39	9.09	11.51	12.74	13.51	12.11	7.99	10.67	11.57
ROA(%)	0.22	3.91	5.04	4.88	7.38	8.87	8.45	3.3	0.4	4.43	7.6
ROE(%)	0.46	8.53	11.18	11.21	14.91	14.61	12.75	4.8	0.6	6.93	11.57
ROCE(%)	7.3	13.46	17.57	17.32	21.22	22.75	20.04	6.21	1.35	10.09	15.73
Receivable days	43.71	44.65	35.7	46.47	49.46	55.2	62.15	72.96	75.97	70.89	59.5
Inventory Days	39.69	42.5	38.36	51.17	51.24	51.3	55.55	69.39	62.92	49.72	42.14
Payable days	166.29	164.35	128.08	175.56	191.85	167.25	157.01	200.73	241.4	223.92	181.74
PER(x)	0	39.98	60.43	37.87	39.56	26.48	35.64	53.93	2928.65	27.36	16.8
Price/Book(x)	2.8	2.48	5.07	3.53	4.99	3.32	3.92	2.14	1.91	1.69	1.73
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	1.1	1.08	1.62	1.44	2.43	1.77	2.31	1.5	1.22	0.96	0.84
EV/Core EBITDA(x)	11.7	8.34	12.41	9.8	13.74	9.82	12.9	11.35	9.84	7.49	5.94
Net Sales Growth(%)	2.76	-3.43	36.43	-15.76	-3.89	3.62	1.24	-19.11	2	21.27	21.71
EBIT Growth(%)	-55.77	96.05	39.34	4.36	25.25	10.1	-4.46	-67.24	-78.25	675.38	70.55
PAT Growth(%)	-95.97	1767.96	40.22	8.3	52.33	14.87	-0.72	-59.46	-87.25	1091.16	82.56
EPS Growth(%)	-117.83	488.2	45.45	20.47	62.38	14.28	-1.03	-62.82	-98.36	0	86.66
Debt/Equity(x)	0.42	0.41	0.41	0.36	0.14	0.03	0.03	0	0	0	0
Current Ratio(x)	0.93	1.04	1.09	1.27	1.43	1.78	2.09	2.29	2.06	2	2.12
Quick Ratio(x)	0.55	0.61	0.6	0.76	0.83	1.04	1.23	1.47	1.51	1.48	1.62
Interest Cover(x)	1.53	3.27	3.37	4.45	8.56	21.75	26.09	12.38	3.51	17.03	29.65
Total Debt/Mcap(x)	0.15	0.16	0.08	0.1	0.03	0.01	0.01	0	0	0	0

Federal-Mogul Goetze Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98
FII	0.07	0.02	0.04	0.2	0.14	0.18	0.49	0.64	0.45	0.45
DII	1.62	1.92	1.86	1.49	1.44	1.44	1.44	1.14	1.14	0.62
Public	23.32	23.07	23.11	23.32	23.44	23.4	23.09	23.24	23.43	23.95
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.17	4.17	4.17	4.17	4.17	4.17	4.17	4.17	4.17	4.17
FII	0	0	0	0.01	0.01	0.01	0.03	0.04	0.02	0.02
DII	0.09	0.11	0.1	0.08	0.08	0.08	0.08	0.06	0.06	0.03
Public	1.3	1.28	1.29	1.3	1.3	1.3	1.28	1.29	1.3	1.33
Others	0	0	0	0	0	0	0	0	0	0
Total	5.56	5.56	5.56	5.56	5.56	5.56	5.56	5.56	5.56	5.56

Pros

Debtor days have improved from 223.92 to 181.74days.
Company is almost debt free.

Cons

Company has a low return on equity of 6% over the last 3 years.
The company has delivered a poor profit growth of 2% over past five 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.