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Swing Capital

Federal-Mogul Goetze (India) Ltd

NSE: FMGOETZE BSE: 505744Auto

Federal-Mogul Goetze (India) Ltd manufactures, supplies, and distributes automotive components like pistons, piston rings, etc to two/three/four-wheeler automobiles in Indian and International markets. It was established in 1954 as a joint venture with Goetze-Werke of Germany. Goetze- Werke is owned by Federal-Mogul. Presently, It operates as a subsidiary of Tenneco Inc, post-Tenneco’s acquisition of Federal-Mogul. [1]

₹428
52W: ₹338 — ₹622
PE 12.6 · Book ₹231 · +85% vs book
Market Cap₹2,379 Cr
Stock P/E12.6Price to Earnings
ROCE20.6%Return on Capital
ROE14.8%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 39.8% CAGR over last 5 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 10.7% over past five years.
  • −Company has a low return on equity of 13.2% over last 3 years.

Shareholding Pattern

Promoters74.98%
FIIs0.38%
DIIs0.49%
Public24.13%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs0.53%0.76%▲0.20.47%▼0.30.3%▼0.20.44%▲0.10.68%▲0.20.54%▼0.10.38%▼0.2
DIIs0%0.13%▲0.10.31%▲0.20.22%▼0.10.34%▲0.10.43%▲0.10.44%▲0.00.49%▲0.0
Public24.47%24.13%▼0.324.23%▲0.124.49%▲0.324.23%▼0.323.9%▼0.324.02%▲0.124.13%▲0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales436409420435455426453475481486
Expenses380368357381397379366413410427
Operating Profit55416355594787627260
OPM %13%10%15%13%13%11%19%13%15%12%
Net Profit36233734402758415128
EPS ₹6.384.226.726.077.214.9310.517.459.244.99

AI Insights

Revenue Trend

TTM revenue at ₹1,896Cr, up 7.2% YoY. OPM at 15%.

Debt Position

Borrowings at ₹2Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹40Cr (9% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.49% (-0.94pp change). FIIs: 0.38% (-0.11pp change). Promoters hold 74.98%.

Margin & Efficiency

ROCE improving from 10% (Dec 2013) to 21% (Mar 2025). Working capital days: 31.

Valuation

PE 12.6x with 20.6% ROCE. Price is 85% above book value of ₹231. Dividend yield: 0%.

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