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Federal-Mogul Goetze (India) Limited
(FMGOETZE)
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Rating:76Outperform
Price Target:
₹512.00
▲(4.45% Upside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by strong financial performance—improving margins, solid free-cash-flow progress, and an exceptionally low-debt balance sheet. Technicals are supportive due to a clear uptrend, but overbought indicators (RSI/Stoch) temper the rating. Valuation is reasonable at ~19.6x earnings, though lack of dividend yield data provides limited additional support.
Positive Factors
Very low leverage
A near-zero-leverage balance sheet materially reduces financial risk and interest burden, giving the company flexibility through automotive cycles. The growing equity base also supports resilience and preserves capacity to fund operations, capital investment, or future growth without relying heavily on borrowings.
Negative Factors
EBITDA margin decline
The latest EBITDA margin decline shows that improved profitability has not translated into uninterrupted operating-margin expansion. Continued pressure could limit earnings growth even if revenue rises, making cost control, product mix, and the durability of recent margin gains important factors for medium-term performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
A near-zero-leverage balance sheet materially reduces financial risk and interest burden, giving the company flexibility through automotive cycles. The growing equity base also supports resilience and preserves capacity to fund operations, capital investment, or future growth without relying heavily on borrowings.
Read all positive factors
Federal-Mogul Goetze (India) Limited (FMGOETZE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.88B
Dividend Yield18.75%
Average Volume (3M)174.07K
Price to Earnings (P/E)14.9
Beta (1Y)1.09
Revenue Growth8.80%
EPS Growth0.63%
CountryIN
Employees2,937
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)30.71
Shares Outstanding55,632,130
10 Day Avg. Volume14,926
30 Day Avg. Volume174,074
Financial Highlights & Ratios
PEG Ratio2.39
Price to Book (P/B)1.50
Price to Sales (P/S)1.10
P/FCF Ratio9.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Federal-Mogul Goetze (India) Limited Business Overview & Revenue Model
Company Description
Federal-Mogul Goetze (India) Limited is an India-based enterprise specializing in the manufacturing, supply, and global export of a diverse range of automotive components. Its extensive product catalog features pistons, piston rings, and both wet ...
How the Company Makes Money
FMGOETZE makes money primarily by manufacturing and selling engine components (notably piston rings, cylinder liners, pistons and related parts) to customers in two broad channels: (1) original equipment (OE) supply, where it sells directly to aut...
Federal-Mogul Goetze (India) Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.01B | 19.58B | 18.00B | 16.96B | 16.34B | 13.43B |
| Gross Profit | 9.81B | 7.20B | 6.58B | 6.06B | 9.84B | 1.93B |
| EBITDA | 3.08B | 3.36B | 3.28B | 2.71B | 2.29B | 1.73B |
| Net Income | 1.71B | 1.71B | 1.62B | 1.27B | 1.01B | 540.41M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 20.12B | 17.62B | 15.91B | 14.87B | 13.40B |
| Cash, Cash Equivalents and Short-Term Investments | 8.29B | 8.40B | 6.22B | 4.18B | 3.30B | 1.87B |
| Total Debt | 0.00 | 10.34M | 30.32M | 78.71M | 83.05M | 89.30M |
| Total Liabilities | -15.17B | 4.95B | 4.16B | 4.06B | 4.36B | 3.96B |
| Stockholders Equity | 15.17B | 14.37B | 12.68B | 11.10B | 9.80B | 8.76B |
Cash Flow | ||||||
| Free Cash Flow | 393.31M | 2.27B | 1.98B | 798.93M | 1.10B | 159.89M |
| Operating Cash Flow | 750.21M | 3.49B | 2.45B | 1.60B | 2.10B | 1.11B |
| Investing Cash Flow | -196.31M | -2.45B | -466.65M | -617.38M | -584.34M | -1.30B |
| Financing Cash Flow | -85.83M | -71.43M | -61.01M | -98.85M | -79.00M | -75.94M |
Federal-Mogul Goetze (India) Limited Technical Analysis
Positive
490.20
Price Trends
437.02
Positive
408.66
Positive
388.16
Positive
Market Momentum
5.15
Positive
51.79
Neutral
79.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FMGOETZE, the sentiment is Positive. The current price of 490.2 is above the 20-day moving average (MA) of 472.35, above the 50-day MA of 437.02, and above the 200-day MA of 388.16, indicating a neutral trend. The MACD of 5.15 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 79.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:FMGOETZE.
Federal-Mogul Goetze (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹26.88B | 14.93 | ― | 18.75% | 8.80% | 0.63% | |
72 Outperform | ₹51.83B | 35.60 | ― | 2.27% | 14.37% | 70.31% | |
69 Neutral | ₹1.42T | 58.68 | ― | 0.57% | 13.63% | -11.32% | |
68 Neutral | ₹626.04B | 49.34 | ― | 0.88% | 19.66% | 23.81% | |
67 Neutral | ₹220.19B | 36.31 | ― | 0.22% | 35.20% | 7.37% | |
63 Neutral | ₹958.57B | 132.50 | ― | 0.44% | 17.54% | -31.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:FMGOETZE
Federal-Mogul Goetze (India) Limited
459.95
31.33
7.31%
IN:BHARATFORG
Bharat Forge Ltd
1,943.50
733.96
60.68%
IN:BOSCHLTD
Bosch Limited
45,564.80
7,634.09
20.13%
IN:NRBBEARING
NRB Bearings Ltd.
540.80
264.65
95.84%
IN:SCHAEFFLER
Schaeffler India Ltd
3,920.00
-255.90
-6.13%
IN:SHRIPISTON
Shriram Pistons & Rings Ltd.
4,749.20
2,061.56
76.71%
Federal-Mogul Goetze (India) Limited Corporate Events
Federal-Mogul Goetze Files BRSR and Earns Clean Corporate Governance Review
Sep 2, 2026
Federal-Mogul Goetze (India) Limited has submitted its Business Responsibility and Sustainability Report for the 2025-26 financial year to Indian stock exchanges, in line with SEBI’s reporting requirements and as part of its annual report di...
Federal-Mogul Goetze (India) Sets Virtual AGM to Approve FY26 Accounts and Board Changes
Sep 2, 2026
Federal-Mogul Goetze (India) Limited, a Tenneco Group automotive components manufacturer listed on BSE and NSE, supplies engine parts and related products to OEM and replacement markets in India and abroad. Its registered office is in New Delhi, w...
Federal-Mogul Goetze (India) Shuts Trading Window Ahead of Quarterly Results
Jun 29, 2026
Federal-Mogul Goetze (India) Limited has announced that its trading window for dealing in company securities will be closed for designated persons from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and its inte...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.