Samvardhana Motherson International Ltd

Samvardhana Motherson International Ltd

₹ 151 -1.55%
17 Jun - close price
About

Motherson Sumi Systems is engaged primarily in the manufacturer and sale of components to automotive original equipment manufacturers.[1]

Key Points

India’s largest Ancilliary company[1] The MSSL group is amongst the world's largest manufacturers of exterior rear-view mirrors with a dominant market share, and is a leading global player in polymer-based interior and exterior modules. Moreover, the group is also the largest manufacturer of wiring harnesses for passenger vehicles in India.

  • Market Cap 1,06,107 Cr.
  • Current Price 151
  • High / Low 217 / 107
  • Stock P/E 67.3
  • Book Value 53.3
  • Dividend Yield 0.56 %
  • ROCE 5.37 %
  • ROE 4.54 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 50.5%
  • Company's working capital requirements have reduced from 93.2 days to 34.9 days

Cons

  • Stock is trading at 2.83 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 3.37% over last 3 years.
  • Earnings include an other income of Rs.1,274 Cr.
  • Promoter holding has decreased over last 3 years: -10.0%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,697 1,636 1,832 1,954 2,214 2,107 2,312 2,203 2,366 2,483 2,574 2,409 2,721
1,415 1,474 1,604 1,723 1,981 1,831 2,021 1,945 2,111 2,125 2,270 2,209 2,376
Operating Profit 282 162 228 231 233 276 292 258 255 358 304 199 346
OPM % 17% 10% 12% 12% 10% 13% 13% 12% 11% 14% 12% 8% 13%
270 69 124 228 27 80 152 53 326 22 533 160 559
Interest 59 30 22 31 68 52 64 76 64 70 84 91 103
Depreciation 53 56 56 64 66 75 76 81 81 86 89 90 92
Profit before tax 440 145 273 364 126 228 303 155 436 224 665 179 710
Tax % 10% 17% 22% 8% 16% 21% 18% 22% 10% 25% 3% 32% 9%
397 120 214 334 106 180 249 120 394 168 642 122 645
EPS in Rs 0.59 0.18 0.32 0.49 0.16 0.27 0.37 0.18 0.58 0.25 0.91 0.17 0.92
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,512 4,973 5,293 6,287 7,466 7,581 3,980 3,669 5,416 7,972 9,046 10,187
3,667 4,098 4,262 5,072 6,134 6,308 3,426 3,228 4,743 7,050 7,908 8,980
Operating Profit 845 875 1,031 1,215 1,332 1,273 555 441 673 922 1,138 1,207
OPM % 19% 18% 19% 19% 18% 17% 14% 12% 12% 12% 13% 12%
108 86 171 168 140 186 733 417 956 390 553 1,274
Interest 42 30 47 12 43 18 25 90 141 158 256 347
Depreciation 153 207 201 198 218 219 231 198 204 258 313 356
Profit before tax 758 724 953 1,173 1,211 1,222 1,031 570 1,284 896 1,122 1,777
Tax % 29% 29% 25% 29% 27% 33% 13% 9% 9% 12% 16% 11%
535 515 719 827 879 814 899 521 1,164 786 944 1,577
EPS in Rs 1.20 1.15 1.61 1.75 1.86 1.72 1.90 1.10 1.72 1.16 1.39 2.24
Dividend Payout % 41% 51% 46% 34% 54% 58% 53% 91% 25% 56% 57% 38%
Compounded Sales Growth
10 Years: 7%
5 Years: 21%
3 Years: 23%
TTM: 13%
Compounded Profit Growth
10 Years: 12%
5 Years: 12%
3 Years: 9%
TTM: 71%
Stock Price CAGR
10 Years: 7%
5 Years: 23%
3 Years: 25%
1 Year: -16%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 3%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 88 88 132 140 210 316 316 316 452 678 678 704
Reserves 1,817 2,014 2,322 5,662 5,970 6,122 5,929 6,427 30,479 30,760 31,251 36,785
758 534 485 1,294 1,155 1,136 1,512 4,852 5,416 5,842 4,610 5,046
1,001 1,103 955 1,182 1,475 1,469 1,446 1,948 1,407 1,660 1,865 2,283
Total Liabilities 3,664 3,739 3,894 8,278 8,810 9,043 9,203 13,543 37,755 38,938 38,404 44,817
1,434 1,462 1,409 1,442 1,547 1,796 1,928 1,759 1,768 2,369 2,695 3,019
CWIP 52 40 65 53 92 91 90 28 54 66 253 113
Investments 582 732 769 4,498 4,654 4,603 4,682 5,586 30,387 30,747 31,319 35,969
1,596 1,505 1,650 2,285 2,517 2,553 2,502 6,169 5,546 5,756 4,137 5,715
Total Assets 3,664 3,739 3,894 8,278 8,810 9,043 9,203 13,543 37,755 38,938 38,404 44,817

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
669 821 678 713 839 942 1,036 340 368 343 1,111 638
-305 -158 -19 -3,869 -259 -271 -47 -3,696 909 -451 873 -5,098
-412 -535 -790 3,327 -664 -640 -893 3,413 -939 -304 -2,051 4,410
Net Cash Flow -48 128 -131 171 -84 32 97 57 338 -411 -67 -50

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 47 34 41 47 45 39 80 52 76 70 63 63
Inventory Days 82 79 82 75 82 91 155 93 74 69 65 51
Days Payable 63 56 73 82 79 78 142 104 84 69 67 61
Cash Conversion Cycle 65 57 50 39 48 53 93 40 65 70 60 53
Working Capital Days 18 4 35 42 38 42 68 150 85 173 72 35
ROCE % 31% 28% 34% 22% 17% 17% 14% 7% 5% 3% 4% 5%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
68.16% 68.16% 68.16% 64.77% 64.77% 64.77% 64.79% 60.36% 60.35% 58.12% 58.12% 58.13%
9.49% 8.76% 8.24% 10.87% 10.83% 11.41% 10.78% 12.44% 12.88% 13.47% 14.31% 12.42%
10.50% 10.48% 11.95% 14.74% 15.12% 14.92% 15.27% 18.15% 18.04% 19.82% 19.20% 20.96%
0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.05% 0.05% 0.05%
11.86% 12.53% 11.57% 9.55% 9.21% 8.84% 9.10% 8.98% 8.68% 8.55% 8.31% 8.44%
No. of Shareholders 9,48,1519,75,21510,60,33210,27,0239,93,8079,93,29110,34,24610,39,40710,83,23612,18,77612,64,32813,06,219

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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