Federal-Mogul Goetze (India) Ltd (FMGOETZE)

📊 Quarterly Results (₹ Cr)

Revenue has shown a steady upward trend over the past four quarters, rising from ₹484 lakhs in Q1 FY2025 to ₹526 lakhs in Q1 FY2026, indicating consistent demand and operational expansion. Operating margins have remained stable around 9-12%, reflecting effective cost management, while net profit and EPS have grown in tandem with revenue, supporting strong ROE and ROCE. The company’s profitability is being reinvested minimally, with capital allocation focused on dividends rather than aggressive capex, suggesting a mature lifecycle with limited growth reinvestment needs.

🔮 Management Outlook & What's Next

Management expressed confidence in sustaining profitability and operational discipline, citing the unmodified auditor’s conclusion on financial statements as validation of reporting integrity. While no formal long-term guidance was provided, the declaration of a substantial special dividend signals a commitment to returning excess cash to shareholders. Management did not outline specific growth targets but indicated ongoing monitoring of regulatory developments, particularly around labour law compliance, as a key near-term consideration.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

The balance sheet remains exceptionally strong, with equity and reserves growing from ₹1,268 crores to ₹1,437 crores over the past year and total assets increasing steadily to ₹2,012 crores as of March 2026. Borrowings remain negligible at ₹1-2 crores, underscoring a conservative capital structure. The company is not reinvesting heavily in infrastructure or expansion, instead building cash reserves, which supports financial flexibility and reinforces its capacity to fund dividends and weather external shocks.

💰 Cash Flow Statement (₹ Cr)

👥 Shareholding Pattern

Promoter holding remains stable at 74.98% over the past year, indicating strong alignment of interests. Institutional interest has slightly declined, with FII shareholding decreasing from 0.68% in Q2 FY26 to 0.39% in Q1 FY27, while DII holdings have remained relatively flat. The growing number of public shareholders suggests increasing retail participation. There are no signs of promoter pledging or significant dilution, and the shareholder base appears stable with no aggressive exit signals from key stakeholders.

⚖️ Peer Comparison — Auto Ancillaries

🔗 Peer Stock Analyses

⚠️ Risk Factors

1. Regulatory cost exposure: The company has already booked a ₹1,735.13 lakh exceptional provision related to compliance with new Indian labour codes, and future adjustments or additional liabilities could impact margins. 2. Low institutional investor interest: Minimal FII/DII holdings may limit liquidity and analyst coverage, potentially leading to higher volatility. 3. Maturity in core segments: Revenue growth is modest and slowing slightly, suggesting limited upside in existing product lines without new market expansion or innovation.

📋 Recent Filings

• Announcement2026-09-28Federal-Mogul Goetze (India) Limited announces that its designated persons must remain in a closed trading window starting October 1, 2026, through tw…
• 🟡 voting results2026-09-28At the 71st Annual General Meeting on 24 September 2026, shareholders approved all resolutions including the appointment of directors and auditor, wit…
• 🟡 Board Meeting2026-09-24Federal-Mogul Goetze (India) Limited held its 71st Annual General Meeting on 24 September 2026 via video conference, adopting the audited standalone a…
• 🟡 sustainability report2026-09-03Federal-Mogul Goetze (India) Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 to BSE and NSE on September…
• 🔴 annual report2026-09-02Federal-Mogul Goetze (India) Ltd's 2025-26 Annual Report (filed 2026-09-02 on BSE under Reg. 34(1)) details consolidated financial performance, govern…
• 🟡 Board Meeting2026-09-02Federal-Mogul Goetze (India) Ltd announced its 71st AGM on September 24, 2026, via video conferencing, with shareholders voting remotely through NSDL …
• 🟡 Board Meeting2026-08-27Federal-Mogul Goetze (India) announced an interim dividend of INR 7.50 per share and a special dividend of INR 86.50 per share, payable to shareholder…
• 🔴 Corporate Action2026-08-27Federal-Mogul Goetze (India) announced a special dividend of INR 86.50 per share alongside an interim dividend of INR 7.50, totaling INR 94 per share,…
• 🔴 Corporate Action2026-08-27Federal-Mogul Goetze (India) announced an interim dividend of INR 7.50 and a special dividend of INR 86.50 per share, payable to shareholders on recor…
• 🟡 Board Meeting2026-08-12Federal-Mogul Goetze (India) Limited announced the outcome of its board meeting held on 12 August 2026, where it approved unaudited standalone and con…

🧠 Analyst's Read

Federal-Mogul Goetze operates as a stable, dividend-focused auto ancillary with solid fundamentals and minimal debt, but its growth profile is constrained by modest top-line expansion and increasing regulatory costs. Investors should monitor upcoming labour cost impacts and the sustainability of dividend payouts amid a potentially softening automotive market, as the company navigates a transition from growth to cash return maturity.

Based on filing content and financial data. Not a recommendation.