Federal-Mogul Goetze (India) Ltd Stock Analysis

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

BSE Share Price 29-Mar-2023 18:02
303.15 2.60 (0.87%)

DeciZen - Make an Informed Decision on Federal-Mogul Goetze

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

Federal-Mogul Goetze Price Chart

P/E Ratio ( CD) :
Market Cap :
1,686.5 Cr.
52-wk low :
52-wk high :
Bole Toh?

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 average 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 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.

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 4.3%7.4%9.6%8.8%12.1%12.1%11.2%4.1%4%6.4%-
Value Creation Index -0.7-0.5-0.3-0.4-0.1-0.1-0.2-0.7-0.7-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1991,1581,2641,3311,2791,3251,3421,0851,1071,3431,580
YoY Gr. Rt. %--3.4%9.1%5.3%-3.9%3.6%1.2%-19.1%2%21.3%-
YoY Gr. Rt. %-322.1%14.1%35.7%67.8%10%1.8%-62.9%-0.5%67.1%-
BVPS (₹) 73.978.667.791.7110.2126.5142.8147147.5157.4170.3
Adj Net Profit 7.330.835.147.779.987.989.533.23355.190
Cash Flow from Ops. 79.3115101192159138133191152111-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.3%1%0%21.3%
Adj EPS 25.2%-7.2%-14.9%67.1%
Share Price 4% -6.3% -1.8% 14.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity %
Op. Profit Mgn % 9.812.812.313.317.
Net Profit Mgn %
Debt to Equity
Working Cap Days 106113961211221281381651621500
Cash Conv. Cycle 212825303046627150310

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.90%

Sales growth is good in last 4 quarters at 16.65%

Sales growth has been subdued in last 3 years 0.02%

Net Profit has been subdued in last 3 years -14.90%

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

Standalone Consolidated
TTM EPS (₹) 15.7 16.2
TTM Sales (₹ Cr.) 1,556 1,580
BVPS (₹.) 158.1 170.3
Reserves (₹ Cr.) 824 892
P/BV 1.92 1.77
PE 19.27 18.68
From the Market
52 Week Low / High (₹) 263.95 / 350.00
All Time Low / High (₹) 14.32 / 664.90
Market Cap (₹ Cr.) 1,686
Equity (₹ Cr.) 55.6
Face Value (₹) 10
Industry PE 31.2

Management X-Ray of Federal-Mogul Goetze :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* 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 (%)


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 29-Mar-2023 18:02 is : 303.1.
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 29-Mar-2023 18:02 the market cap of Federal-Mogul Goetze stood at ₹ 1,686.5.
The latest PE ratio of Federal-Mogul Goetze as of 29-Mar-2023 18:02 is 19.27.
The latest PB ratio of Federal-Mogul Goetze as of 29-Mar-2023 18:02 is 1.92
The 52-week high of Federal-Mogul Goetze is ₹ 350.0 and the 52-week low is ₹ 263.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Federal-Mogul Goetze is ₹ 1,556 ( 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.


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


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.


It’s most modern production facilities at Bengaluru, Patiala and Bhiwadi are certified TS 16949, ISO14001 and OHSAS 18001.


  • 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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