Live Webinar on "How to Invest successfully to reach goals without losing sleep" Sign up for Live Webinar
investing succesffuly to reach your goals investing succesffuly to reach your goals
X

Federal-Mogul Goetze (India) Ltd Stock Analysis

Small Cap
Evaluated by 562 users | BSE: 505744 | NSE: FMGOETZE |
Auto Ancillary
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...

Analysis of Financial Track Record

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
 Dec'11Dec'12Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 12.21%4.28%7.37%9.57%8.82%12.12%12.11%11.22%4.08%3.98%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,1671,1991,1581,2641,3311,2791,3251,3421,0851,1071,328
Y-o-Y Gr. Rt.-2.8%-3.4%9.1%5.3%-3.9%3.6%1.2%-19.1%2%-
Adjusted EPS (Rs.) 8.921.315.536.318.5614.3615.816.085.965.939.15
Y-o-Y Gr. Rt.--85.3%322.1%14.1%35.7%67.8%10%1.8%-62.9%-0.5%-
Book Value per Share (Rs.) 76.6773.9378.6367.7191.7110.21126.52142.79146.99147.53149.64
Adjusted Net Profit 49.67.330.835.147.779.987.989.533.23351
Net Op. Cash Flow (Rs. Cr.) 10179.3115101192159138133191152-
Debt to Cash Flow from Ops 1.162.21.551.540.950.520.180.1700-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Federal-Mogul Goetze (India) Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -0.6%-3.6%-5.8%2%
Adjusted EPS -4.4%-7.1%-27.9%-0.5%
Book Value per Share 7.5105.30.4
Share Price 3.2% -10.7% -14.4% -21%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Dec'11Dec'12Dec'13Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 12.131.747.269.669.7114.2213.3511.944.114.036.16
Operating Profit Margin (%) 13.429.8212.7912.2513.3417.0717.2217.0912.211.7315.29
Net Profit Margin (%) 4.981.333.443.494.136.757.237.273.633.383.83
Debt to Equity 0.280.420.410.410.360.140.030.0300-
Working Capital Days 10710611396121122128138165162-
Cash Conversion Cycle 14212825303046627150-
Loading price chart...
Entity Percentage Holding
Promoters 75.00%
Institutions 1.92%
Non-Institutions 23.08%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworkds4me indicates that Federal-Mogul Goetze (India) Ltd is a average quality company.

Federal-Mogul Goetze (India) Ltd's earnings have declined by -7.1%, whereas share price has declined -10.7% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.

Federal-Mogul Goetze (India) Ltd share price has appreciated 1.4% annually (CAGR) over the past ten years.

Data is not available for this company.

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

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)
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback