Federal-Mogul Goetze (India) Reports Strong Q2 Performance, Receives 'Hold' Call from MarketsMOJO.

Debt to Equity Ratio - Quarterly: Lowest at 0.01 in the last five quarters.Long term debt is almost negligible, but may limit future growth opportunities.

Federal-Mogul Goetze (India), a smallcap auto ancillary company, has recently announced its financial results for the quarter ending September 2024. The company has received a 'Hold' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Federal-Mogul Goetze has shown positive performance in the second quarter of FY24-25. The company's Profit After Tax (PAT) for the nine-month period has grown by 21.65% year on year, indicating a strong financial performance. The net sales for the quarter have also been the highest in the last five quarters, showing a positive trend in the company's sales.

The company's cash and cash equivalents have also seen a significant increase in the last six half-yearly periods, indicating an improvement in short-term liquidity. However, there are some areas that need improvement, as highlighted by the financial report. The non-operating income has increased in the last five quarters, but this may not be sustainable in the long run. Additionally, the company's debt to equity ratio is at its lowest in the last five quarters, but the negligible long-term debt may limit future growth opportunities.

Overall, Federal-Mogul Goetze (India) has shown a positive financial performance in the recent quarter, with some areas that need attention. Investors are advised to hold their positions in the company's stock, as recommended by MarketsMOJO.