NSE: FMGOETZE · BSE: 505744
FEDERAL-MOGUL GOETZE (IND
Manufactures automotive components in India and sells them to vehicle manufacturers, operating as a unit of the Tenneco Group (the promoter group holds 4,17,15,454 shares by voting count at the March 2026 postal ballot). It reported FY26 consolidated revenue of ₹1,958.40 crore and consolidated profit after tax of ₹178.00 crore, with standalone revenue of ₹1,924.12 crore up 8.75% year-on-year and standalone profit after tax of ₹168.91 crore up 5.7%. The cost structure is dominated by raw materials at 38.3% of revenue, followed by employee costs at 21.4% and other operating expenses at 25.8%; depreciation is 4.5% and capex is 6.2% of revenue. EBITDA margin for FY26 stood at 17.14% on a consolidated basis. The company recorded an exceptional charge of ₹1,735 lakhs on a standalone basis (₹1,753 lakhs consolidated) for provisioning under new Labour Codes notified by the Government of India, and generated operating cash flow of ₹31,123 lakhs on a standalone basis. Its corporate office is in Gurgaon, and qualitative filings describe it as engaged in automotive components manufacturing under the Auto Components & Equipments basic industry classification. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive components manufacturing. Manufacturing-led auto components business, part of the Tenneco Group, with a materials-heavy cost base and steady cash generation.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,343 | 1,634 | 1,696 | 1,800 | 1,958 |
| EBITDA (ex other income) | 163 | 209 | 238 | 284 | 285 |
| margin % | 12.1 | 12.8 | 14.1 | 15.8 | 14.6 |
| Owners' profit | 54 | 101 | 127 | 162 | 171 |
| EPS, as reported (₹) | 9.71 | 18.13 | 22.81 | 10.68 | 30.68 |
| ROE % · ROCE % | 6.2 · 8.6 | 10.2 · 13.3 | 11.3 · 15.3 | 12.6 · 17.6 | 11.7 · 15.9 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 111 | 210 | 160 | 221 | 321 |
| Capex | (95) | (100) | (80) | (47) | (122) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 464 | 433 | 459 | 484 | 491 | 496 | 489 | 526 |
| Profit before tax | 57 | 42 | 85 | 61 | 70 | 40 | 69 | 61 |
| Net profit | 41 | 31 | 61 | 45 | 51 | 31 | 51 | 45 |
| EPS (₹) | 6.87 | 5.20 | 10.68 | 7.77 | 8.85 | 5.22 | 8.83 | 7.81 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.0 | 25.3 | 22 of 119 | 82% |
| P/B | 1.6 | 3.2 | 23 of 117 | 81% |
| ROCE | 15.5 | 12.6 | 46 of 125 | 64% |
| ROE | 11.7 | 11.7 | 58 of 117 | 51% |
| Debt / Equity | 0.0 | 0.3 | 1 of 117 | 85% |
| EBITDA margin | 16.1 | 12.2 | 34 of 118 | 72% |
| Revenue growth | 8.8 | 20.2 | 91 of 113 | 20% |
| Profit growth | 0.4 | 24.4 | 82 of 115 | 29% |
| Market cap | 2396 | 1460 | 52 of 126 | 59% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · RTA Compliance Certificate for Q2 FY27 Dematerialisation Under Reg 74(5) | compliance | minimal | — | — |
| 12 Oct 2026 · Updated KMP contact details for materiality determination filed with exchanges | compliance | minimal | — | — |
| 9 Oct 2026 · Capacity addition approved across 3 plants; 3,351 million rupees investment | capex operations | high | — | — |
| 9 Oct 2026 · FMG India: new director and CS appointed, one director resigns | management changes | medium | — | — |
| 9 Oct 2026 · Director resigns, new director and Company Secretary appointed | management changes | medium | — | — |
| 9 Oct 2026 · Board approves director and company secretary appointments, accepts resignation | management changes | high | — | — |
| 28 Sept 2026 · This is to inform you that pursuant to SEBI (PIT) Regulation 2015, and Company''s code of conduct for prevention of Insider Trading, the Trading window for dealing in the securities of .... | compliance | minimal | — | — |
| 28 Sept 2026 · Federal-Mogul Goetze 71st AGM: All 5 resolutions passed | board shareholder meetings | low | — | — |
| 24 Sept 2026 · 71st AGM proceedings held; financial statements adopted, director re-appointments approved | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Newspaper advertisement for 71st AGM and remote e-voting | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.