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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Federal-Mogul Goetze (India) Ltd

About the Company - Federal-Mogul Goetze (India) Ltd

Federal-Mogul Goetze (India) Ltd. is a Public Limited Listed company incorporated on 26/11/1954 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1954PLC002452 and registration number is 002452. Currently Company is involved in the business activities of Manufacture of engines and turbines, except aircraft, vehicle and cycle engines. Company’s Total Operating Revenue is Rs. 1321.98 Cr. and Equity Capital is Rs. 55.63 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Engine PartsDLF Prime Towers, New Delhi Delhi 110020investorgrievance@tenneco.com
http://www.federalmogulgoetzeindia.net
Management
NamePosition Held
Mr. K N SubramanianChairman & Director
Mr. Vinod Kumar HansManaging & Wholetime Director
Dr. Khalid Iqbal KhanWhole Time Director - Legal & Co. Secretary
Mr. Rajesh SihnaWhole Time Director
Mr. Manish ChadhaDirector - Finance & CFO
Mr. Stephan Shaun MerryDirector
Mr. K C Sundareshan PillaiDirector
Ms. Nalini JollyDirector

Basic Stock Data of Federal-Mogul Goetze (India) Ltd

Last Updated: June 17, 2024, 8:34 pm

Market Cap 2,424 Cr.
Current Price 436
High / Low444/313
Stock P/E19.1
Book Value 200
Dividend Yield0.00 %
ROCE16.5 %
ROE12.1 %
Face Value 10.0
PEG Ratio0.65

Federal-Mogul Goetze (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales276357376319344325356402429393410411442
Expenses239291313282302289307355376338356355380
Operating Profit37666336423649475455535663
OPM %14%18%17%11%12%11%14%12%12%14%13%14%14%
Other Income43-413133444876
Interest0111112111111
Depreciation23242222222321212121202121
Profit before tax1844-016201529293537404147
Tax %27%18%-2,239%28%31%27%24%26%26%30%15%24%29%
Net Profit1337-412141122212626343133
EPS in Rs1.986.26-1.031.942.221.843.713.584.454.405.705.385.78

Last Updated: June 14, 2024, 6:32 pm

Federal-Mogul Goetze (India) Ltd Quarterly Chart

Federal-Mogul Goetze (India) Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1651,1981,1571,5781,3291,2791,3251,3421,0851,1071,3431,6341,656
Expenses1,0171,0921,0121,3901,1521,0641,0971,1159539791,1771,4231,429
Operating Profit147106145189178215228227132128166211227
OPM %13%9%13%12%13%17%17%17%12%12%12%13%14%
Other Income305181811111411-3371825
Interest2327253326177643554
Depreciation57656993787977869384878483
Profit before tax701456799113015514947881141165
Tax %32%87%36%36%40%36%38%36%17%37%27%24%
Net Profit48236515584969639559107125
EPS in Rs7.11-1.214.887.108.5615.0515.8815.715.840.109.7118.1321.26
Dividend Payout %8%-58%143%123%65%0%0%0%0%0%0%0%

Federal-Mogul Goetze (India) Ltd Profit & Loss Yearly Chart

Federal-Mogul Goetze (India) Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:5%
3 Years:15%
TTM:4%
Compounded Profit Growth
10 Years:16%
5 Years:8%
3 Years:194%
TTM:25%
Stock Price CAGR
10 Years:6%
5 Years:-4%
3 Years:10%
1 Year:18%
Return on Equity
10 Years:9%
5 Years:7%
3 Years:10%
Last Year:12%

Last Updated: June 17, 2024, 3:04 pm

Federal-Mogul Goetze (India) Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital56565656565656565656565656
Reserves371356382415455558648739762765820924986
Borrowings118174178195181832523110989
Other Liabilities345315334374423384361353356489456499507
Total Liabilities8899019501,0401,1151,0801,0891,1701,1751,3191,3401,4871,557
Fixed Assets442474496486540534554578555547528508523
CWIP37383357324835284229488574
Investments11000000000222
Other Assets400389421496543499500563578743762893958
Total Assets8899019501,0401,1151,0801,0891,1701,1751,3191,3401,4871,557

Federal-Mogul Goetze (India) Ltd Reserves and Borrowings Chart

Federal-Mogul Goetze (India) Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 10179115126192159138133191152111210
Cash from Investing Activity -133-100-89-97-115-86-72-121-81-20-130-58
Cash from Financing Activity 2721-25-22-46-100-69-8-32-8-8-8
Net Cash Flow-411832-27-3478124-27144

Federal-Mogul Goetze (India) Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days484942535560656687726161
Inventory Days124153139166177178195208185140110112
Days Payable147166142183173160161211287230192186
Cash Conversion Cycle25364036597910063-15-18-21-13
Working Capital Days415045504458726149452532
ROCE %8%13%16%16%20%21%19%6%6%10%15%

Federal-Mogul Goetze (India) Ltd Financial Efficiency Indicators Chart

Federal-Mogul Goetze (India) Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters75.00%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs0.11%0.11%0.07%0.02%0.04%0.21%0.14%0.18%0.49%0.63%0.45%0.44%
DIIs1.81%1.57%1.63%1.92%1.87%1.48%1.43%1.43%1.43%1.13%1.13%0.61%
Public23.08%23.33%23.32%23.07%23.11%23.32%23.43%23.39%23.09%23.24%23.42%23.94%
No. of Shareholders31,58335,00634,81532,16230,20328,20326,43025,80031,15732,03835,21235,142

Federal-Mogul Goetze (India) Ltd Shareholding Pattern Chart

No. of Federal-Mogul Goetze (India) Ltd Shareholders

Federal-Mogul Goetze (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential ESG Fund628,8171.7622.64628,8172024-06-210%

Federal-Mogul Goetze (India) Ltd ROCE Trend

Federal-Mogul Goetze (India) Ltd EPS Trend

Federal-Mogul Goetze (India) Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)22.8118.139.710.105.84
Diluted EPS (Rs.)22.8118.139.710.105.84
Cash EPS (Rs.)39.1834.3426.2215.9123.64
Book Value[Excl.RevalReserv]/Share (Rs.)212.89188.96169.68159.43158.86
Book Value[Incl.RevalReserv]/Share (Rs.)212.89188.96169.68159.43158.86
Revenue From Operations / Share (Rs.)304.79293.74241.34199.01195.10
PBDIT / Share (Rs.)48.5841.0930.9024.5325.67
PBIT / Share (Rs.)33.3726.0515.259.518.99
PBT / Share (Rs.)32.5125.3514.481.428.38
Net Profit / Share (Rs.)23.9719.3010.570.886.96
NP After MI And SOA / Share (Rs.)22.8118.139.710.795.84
PBDIT Margin (%)15.9413.9812.8012.3213.15
PBIT Margin (%)10.958.866.314.774.60
PBT Margin (%)10.668.636.000.714.29
Net Profit Margin (%)7.866.574.380.443.56
NP After MI And SOA Margin (%)7.486.174.020.392.99
Return on Networth / Equity (%)11.4210.296.170.533.97
Return on Capital Employeed (%)15.3013.258.575.395.32
Return On Assets (%)7.976.784.030.332.76
Asset Turnover Ratio (%)1.101.201.050.920.96
Current Ratio (X)2.502.122.012.062.29
Quick Ratio (X)1.981.621.481.511.46
Inventory Turnover Ratio (X)3.213.602.751.971.69
Interest Coverage Ratio (X)56.0559.0540.2160.2342.33
Interest Coverage Ratio (Post Tax) (X)28.6628.7414.7622.0512.48
Enterprise Value (Cr.)1446.671436.391359.961417.281694.39
EV / Net Operating Revenue (X)0.850.871.011.281.56
EV / EBITDA (X)5.356.287.9110.3811.87
MarketCap / Net Operating Revenue (X)1.061.041.101.411.61
Price / BV (X)1.611.731.691.912.14
Price / Net Operating Revenue (X)1.061.041.101.411.61
EarningsYield0.070.050.030.000.01

Federal-Mogul Goetze (India) Ltd Profitability Ratios (%)

Federal-Mogul Goetze (India) Ltd Liquidity Ratios

Federal-Mogul Goetze (India) Ltd Liquidity Ratios (%)

Federal-Mogul Goetze (India) Ltd Interest Coverage Ratios (%)

Federal-Mogul Goetze (India) Ltd Valuation Ratios

Fair Value

Fair Value: 471.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 8.13% compared to the current price 436

Intrinsic Value: 610.49

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 40.02% compared to the current price ₹436

Last 5 Year EPS CAGR: 29.49%

*Investments are subject to market risks

Strength and Weakness of Federal-Mogul Goetze (India) Ltd Stock

StrengthWeakness
  1. The company has higher reserves (629.31 cr) compared to borrowings (78.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (1.00 cr) and profit (91.23 cr) over the years.
  1. The stock has a low average ROCE of 12.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 47.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 30.92, which may not be favorable.

FAQ

What is the latest fair value of Federal-Mogul Goetze (India) Ltd?

The latest fair value of Federal-Mogul Goetze (India) Ltd is ₹471.46.

What is the Market Cap of Federal-Mogul Goetze (India) Ltd?

The Market Cap of Federal-Mogul Goetze (India) Ltd is 2,424 Cr..

What is the current Stock Price of Federal-Mogul Goetze (India) Ltd as on 23 June 2024?

The current stock price of Federal-Mogul Goetze (India) Ltd as on 23 June 2024 is ₹436.

What is the High / Low of Federal-Mogul Goetze (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Federal-Mogul Goetze (India) Ltd stocks is 444/313.

What is the Stock P/E of Federal-Mogul Goetze (India) Ltd?

The Stock P/E of Federal-Mogul Goetze (India) Ltd is 19.1.

What is the Book Value of Federal-Mogul Goetze (India) Ltd?

The Book Value of Federal-Mogul Goetze (India) Ltd is 200.

What is the Dividend Yield of Federal-Mogul Goetze (India) Ltd?

The Dividend Yield of Federal-Mogul Goetze (India) Ltd is 0.00 %.

What is the ROCE of Federal-Mogul Goetze (India) Ltd?

The ROCE of Federal-Mogul Goetze (India) Ltd is 16.5 %.

What is the ROE of Federal-Mogul Goetze (India) Ltd?

The ROE of Federal-Mogul Goetze (India) Ltd is 12.1 %.

What is the Face Value of Federal-Mogul Goetze (India) Ltd?

The Face Value of Federal-Mogul Goetze (India) Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Federal-Mogul Goetze (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE