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Model Note · FEDERAL-MOGUL GOETZE (IND · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
FEDERAL-MOGUL GOETZE (IND Discounted cash flow · base FY26
FEDERAL-MOGUL GOETZE (IND
Value per share, this model₹595
CMP 2026-09-10₹462.95
Difference28.6%
Growth the CMP implies(0.9)%/yr
This note states the assumptions and the arithmetic of one model of FEDERAL-MOGUL GOETZE (IND, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
9% a year
FY26 8.8% · 5-yr CAGR 12.1%
EBITDA margin
14.6%
FY26 14.6% · 5-yr average 13.9%
Depreciation · capex, % of revenue
4.5% · 6.2%, fading to 1.2× depreciation
FY26 4.5% · 6.2%
Working capital, % of added revenue · tax
5.2% · 26%
19 working-capital days · effective 26.0%
Discount rate
11.00%
1-yr beta 1.4
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹(829) · ₹0 · ₹0 cr
FY26 net debt ₹(829) cr
Shares
5.56 crore
5.56 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
1,958
2,135
2,327
2,536
2,764
3,013
growth %
8.8
9.0
9.0
9.0
9.0
9.0
EBITDA
285
312
340
370
404
440
Depreciation
(88)
(96)
(105)
(114)
(124)
(136)
NOPAT
146
160
174
190
207
225
less capex
(122)
(132)
(140)
(147)
(155)
(163)
less working-capital build
—
(9)
(10)
(11)
(12)
(13)
Free cash flow to firm
—
114
129
146
164
185
Present value
108
110
112
114
116
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · FEDERAL-MOGUL GOETZE (IND · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
561
PV of the terminal value (77% of EV)
1,923
Enterprise value
2,484
less net debt
829
less non-controlling interest
0
add non-operating investments
0
Equity value
3,313
÷ 5.56 crore shares
₹595
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
610
645
686
737
800
10.5%
574
603
637
677
727
11.0%
543
567
595
629
669
11.5%
516
537
561
588
621
12.0%
493
511
531
554
581
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing 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). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
