Samvardhana Motherson International Ltd

Samvardh. Mothe. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Samvardhana Motherson International Ltd

₹ 149 -1.22%
03 Jun 4:01 p.m.
motherson.com BSE: 517334 NSE: MOTHERSON
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.

Website BSE NSE
  • Market Cap ₹ 1,01,273 Cr.
  • Current Price ₹ 149
  • High / Low ₹ 160 / 79.9
  • Stock P/E 107
  • Book Value ₹ 47.1
  • Dividend Yield 0.43 %
  • ROCE 3.74 %
  • ROE 2.98 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 46.5%
  • Company's working capital requirements have reduced from 116 days to 74.6 days

Cons

  • Stock is trading at 3.17 times its book value
  • Promoter holding has decreased over last quarter: -4.43%
  • Company has a low return on equity of 3.57% over last 3 years.
  • Earnings include an other income of Rs.553 Cr.

* 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,269 1,114 1,279 1,321 1,697 1,636 1,832 1,954 2,214 2,017 2,312 2,203 2,366
1,095 989 1,150 1,189 1,415 1,474 1,604 1,723 1,981 1,752 2,021 1,945 2,111
Operating Profit 174 125 129 132 282 162 228 231 233 265 292 258 255
OPM % 14% 11% 10% 10% 17% 10% 12% 12% 10% 13% 13% 12% 11%
193 147 356 188 270 69 124 228 27 79 152 53 326
Interest 24 24 27 31 59 30 22 31 68 50 64 76 64
Depreciation 49 50 50 52 53 56 56 64 66 69 76 81 81
Profit before tax 294 198 408 238 440 145 273 364 126 226 303 155 436
Tax % 17% 9% 7% 12% 10% 17% 22% 8% 16% 21% 18% 22% 10%
245 181 378 208 397 120 214 334 106 179 249 120 394
EPS in Rs 0.52 0.38 0.80 0.44 0.59 0.18 0.32 0.49 0.16 0.26 0.37 0.18 0.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,291 4,512 4,973 5,293 6,287 7,466 7,581 3,980 3,669 5,416 7,354 9,046
3,534 3,667 4,098 4,262 5,072 6,134 6,308 3,426 3,228 4,743 6,535 7,908
Operating Profit 757 845 875 1,031 1,215 1,332 1,273 555 441 673 820 1,138
OPM % 18% 19% 18% 19% 19% 18% 17% 14% 12% 12% 11% 13%
92 108 86 171 168 140 186 733 417 956 466 553
Interest 54 42 30 47 12 43 18 25 90 141 145 256
Depreciation 145 153 207 201 198 218 219 231 198 204 231 313
Profit before tax 650 758 724 953 1,173 1,211 1,222 1,031 570 1,284 909 1,122
Tax % 28% 29% 29% 25% 29% 27% 33% 13% 9% 9% 15% 16%
470 535 515 719 827 879 814 899 521 1,164 774 944
EPS in Rs 1.05 1.20 1.15 1.61 1.75 1.86 1.72 1.90 1.10 1.72 1.14 1.39
Dividend Payout % 25% 41% 51% 46% 34% 54% 58% 53% 91% 25% 57% 57%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 35%
TTM: 23%
Compounded Profit Growth
10 Years: 6%
5 Years: 3%
3 Years: 21%
TTM: 22%
Stock Price CAGR
10 Years: 12%
5 Years: 19%
3 Years: 3%
1 Year: 86%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 59 88 88 132 140 210 316 316 316 452 678 678
Reserves 1,565 1,817 2,014 2,322 5,662 5,970 6,122 5,929 6,427 30,479 30,763 31,251
927 758 534 485 1,294 1,155 1,136 1,512 4,852 5,416 5,766 4,610
889 1,001 1,103 955 1,182 1,475 1,469 1,446 1,948 1,407 1,532 1,865
Total Liabilities 3,440 3,664 3,739 3,894 8,278 8,810 9,043 9,203 13,543 37,755 38,739 38,404
1,420 1,434 1,462 1,409 1,442 1,547 1,796 1,928 1,759 1,768 2,023 2,700
CWIP 86 52 40 65 53 92 91 90 28 54 66 248
Investments 513 582 732 769 4,498 4,654 4,603 4,682 5,586 30,387 31,032 31,319
1,422 1,596 1,505 1,650 2,285 2,517 2,553 2,502 6,169 5,546 5,618 4,137
Total Assets 3,440 3,664 3,739 3,894 8,278 8,810 9,043 9,203 13,543 37,755 38,739 38,404

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
600 669 821 678 713 839 942 1,036 340 368 289 1,111
-354 -305 -158 -19 -3,869 -259 -271 -47 -3,696 909 -450 863
-200 -412 -535 -790 3,327 -664 -640 -893 3,413 -939 -252 -2,051
Net Cash Flow 45 -48 128 -131 171 -84 32 97 57 338 -412 -78

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 46 47 34 41 47 45 39 80 52 76 73 63
Inventory Days 78 82 79 82 75 82 91 155 93 74 72 65
Days Payable 69 63 56 73 82 79 78 142 104 84 70 67
Cash Conversion Cycle 56 65 57 50 39 48 53 93 40 65 75 60
Working Capital Days 29 18 4 35 42 38 42 68 150 85 188 75
ROCE % 29% 31% 28% 34% 22% 17% 17% 14% 7% 5% 3%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.73% 61.73% 61.73% 68.16% 68.16% 68.16% 68.16% 64.77% 64.77% 64.77% 64.79% 60.36%
16.86% 16.40% 16.43% 9.81% 9.49% 8.76% 8.24% 10.87% 10.83% 11.41% 10.78% 12.44%
13.02% 13.64% 13.87% 10.51% 10.50% 10.48% 11.95% 14.74% 15.12% 14.92% 15.27% 18.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06%
8.39% 8.24% 7.98% 11.53% 11.86% 12.53% 11.57% 9.55% 9.21% 8.84% 9.10% 8.98%
No. of Shareholders 5,87,9286,57,4696,87,5249,03,6149,48,1519,75,21510,60,33210,27,0239,93,8079,93,29110,34,24610,39,407

* 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.

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