Any current/future new fundraising through debt or equity?

The company is not currently planning a large new fundraising through debt or equity. They have sufficient cash on hand (~Rs. 1.3 billion) and expect to generate approximately Rs. 2.5 billion in cash flow over the next one to two years. CAPEX plans are focused on capacity enhancement and technology upgradation but are moderate, not expecting Rs. 5 billion immediately (possibly spread over three years). Management emphasized cautious spending of cash, focusing on payback and balanced CAPEX. There is no mention of immediate equity fundraising. Dividend policy review is anticipated once the curre

Any current/future capex/capital investment/strategic investment?

CAPEX for capacity enhancement planned for current and next year, focusing mainly on export growth. Last year's CAPEX was around Rs. 47 crores for capacity enhancement and plant modernization. This year's CAPEX expected to be significantly more than last year's but not a large jump like Rs. 5 billion immediately. Future CAPEX will also target technology upgradation, including heavy load and turbo engine products. CAPEX spread over one to two years; no immediate large spend, but incremental investments aligned with market growth. Working capital will also increase alongside CAPEX for capacity e

Future growth expectations in sales/revenue/volumes?

Company achieved 90%-95% capacity utilization in Q1 (Jan-Mar 2021), indicating strong current operations. Expecting substantial growth in domestic market during 2021-22 despite COVID impacts. Expansion underway, with CAPEX planned for capacity enhancement, mainly directed towards exports. Export share currently 14%, aiming to increase significantly with more Euro VI compliant programs and global engine platforms. Mid- to long-term plans unchanged despite short-term COVID disruptions; growth driven by OEM market positioning and new global platforms. Future CAPEX expected to be higher

Future growth expectations in earnings/operating earnings/profits/EPS?

**Sustainable EBITDA Margin:** Management expects a mid-double-digit sustainable EBITDA margin in the range of 14-15% under normal market conditions (Manish Chadha, Page 16). **Capacity Utilization:** Currently operating at 90-95% capacity, with planned capacity enhancements targeting export growth and technology upgrades (Pages 15-16). **Revenue Growth:** Anticipated growth driven by global platform ties and export expansion, although exact peak revenue without CAPEX is uncertain (Page 16). **CAPEX Plans:** Moderate CAPEX planned over next 1-2 years focused on capacity expansion and techno

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention specific details about the current or expected order book or pending orders for Federal-Mogul Goetze (India) Limited. However, it does indicate optimism about growth opportunities driven by technology upgradation, capacity expansion, and increased export focus. The company is engaging with global customers and OEMs, especially regarding future engine developments and hybrid vehicle components. The capacity utilization has been high (90-95% in January-March quarter) with plans for capacity enhancement and export growth. The management is cautiously pla

Federal-Mogul Goetze (India) LtdQ1 FY22

Federal-Mogul Goetze (India) Ltd Q1 FY22 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹441P/E: 13.6Market Cap: ₹2.5K Cr

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

Company achieved 90%-95% capacity utilization in Q1 (Jan-Mar 2021), indicating strong current operations.
Expecting substantial growth in domestic market during 2021-22 despite COVID impacts.
Expansion underway, with CAPEX planned for capacity enhancement, mainly directed towards exports.
Export share currently 14%, aiming to increase significantly with more Euro VI compliant programs and global engine platforms.
Mid- to long-term plans unchanged despite short-term COVID disruptions; growth driven by OEM market positioning and new global platforms.
Future CAPEX expected to be higher than the prior year but carefully managed; not expected to jump to Rs. 5 billion immediately, spread over multiple years.
Sustainable EBITDA margin targeted around mid-double digits (14%-15%), assuming normal market conditions post-COVID.
Focused on localization to reduce dependence on imports, while maintaining global support for spikes in market demand.
Growth driven by technology upgradation, heavy load and turbo engines, and hybrid vehicle production.

Margin guidance

Category 3

Sustainable EBITDA Margin: Management expects a mid-double-digit sustainable EBITDA margin in the range of 14-15% under normal market conditions (Manish Chadha, Page 16).
Capacity Utilization: Currently operating at 90-95% capacity, with planned capacity enhancements targeting export growth and technology upgrades (Pages 15-16).
Revenue Growth: Anticipated growth driven by global platform ties and export expansion, although exact peak revenue without CAPEX is uncertain (Page 16).
CAPEX Plans: Moderate CAPEX planned over next 1-2 years focused on capacity expansion and technology upgrades, but no large immediate CAPEX > Rs. 5 billion expected (Pages 14-16).
Dividend Policy: Review of dividend payout likely once current investment cycle completes, balancing cash conservation for growth (Pages 11, 16).
Earnings Impact: Excluding exceptional items, EPS showed positive growth and operational profitability improving over last year despite COVID impacts (Pages 7,16).

See what Federal-Mogul Goetze (India) Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

The company is not currently planning a large new fundraising through debt or equity.
They have sufficient cash on hand (~Rs. 1.3 billion) and expect to generate approximately Rs. 2.5 billion in cash flow over the next one to two years.
CAPEX plans are focused on capacity enhancement and technology upgradation but are moderate, not expecting Rs. 5 billion immediately (possibly spread over three years).
Management emphasized cautious spending of cash, focusing on payback and balanced CAPEX.
There is no mention of immediate equity fundraising.
Dividend policy review is anticipated once the current investment cycle completes.
The company aims to remain cash positive to support growth and global customer sustainability needs.

Order book

The transcript does not explicitly mention specific details about the current or expected order book or pending orders for Federal-Mogul Goetze (India) Limited.
However, it does indicate optimism about growth opportunities driven by technology upgradation, capacity expansion, and increased export focus.
The company is engaging with global customers and OEMs, especially regarding future engine developments and hybrid vehicle components.
The capacity utilization has been high (90-95% in January-March quarter) with plans for capacity enhancement and export growth.
The management is cautiously planning CAPEX to meet potential demand spikes but is not committing to very large immediate capital expenditure.
They also have global support and contingency plans to manage demand spikes without major investment short-term.
Overall, the outlook suggests a pipeline of orders consistent with market growth and technological shifts but no quantifiable order book figures are shared.

See what Federal-Mogul Goetze (India) Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

CAPEX for capacity enhancement planned for current and next year, focusing mainly on export growth.
Last year's CAPEX was around Rs. 47 crores for capacity enhancement and plant modernization.
This year's CAPEX expected to be significantly more than last year's but not a large jump like Rs. 5 billion immediately.
Future CAPEX will also target technology upgradation, including heavy load and turbo engine products.
CAPEX spread over one to two years; no immediate large spend, but incremental investments aligned with market growth.
Working capital will also increase alongside CAPEX for capacity expansion.
Global support capacity available (Turkey, Poland) acts as backup for any sudden market spikes.
Dividend policy to be reviewed post completion of this investment cycle.

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Federal-Mogul Goetze (India) Ltd Q1 FY22 Earnings Call Analysis

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Fundraise plans

Capex plans

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What Federal-Mogul Goetze (India) Ltd's management said in earlier quarters