Samvardhana Motherson International Ltd

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

Samvardhana Motherson International Ltd

₹ 129 1.73%
26 Apr 10:09 a.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 ₹ 87,687 Cr.
  • Current Price ₹ 129
  • High / Low ₹ 131 / 72.4
  • Stock P/E 54.6
  • Book Value ₹ 33.3
  • Dividend Yield 0.50 %
  • ROCE 8.76 %
  • ROE 7.16 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 36.2%

Cons

  • Stock is trading at 3.82 times its book value
  • Promoter holding has decreased over last quarter: -4.43%
  • The company has delivered a poor sales growth of 6.93% over past five years.
  • Company has a low return on equity of 7.02% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
17,092 16,972 16,157 14,076 16,118 17,241 17,615 18,302 20,267 22,477 22,462 23,474 25,698
15,297 15,250 14,937 13,133 15,050 15,985 16,538 16,864 18,665 20,481 20,538 21,585 23,328
Operating Profit 1,796 1,722 1,220 944 1,067 1,256 1,077 1,438 1,602 1,996 1,925 1,889 2,370
OPM % 10% 10% 8% 7% 7% 7% 6% 8% 8% 9% 9% 8% 9%
237 255 253 237 275 37 99 -46 80 75 76 -10 118
Interest 138 136 121 131 129 161 169 184 149 278 253 488 620
Depreciation 735 757 751 737 733 736 732 749 815 840 839 867 1,016
Profit before tax 1,159 1,084 601 312 479 396 274 460 718 953 909 523 851
Tax % -9% 6% 26% 27% 21% 67% 34% 37% 30% 27% 29% 44% 26%
1,268 1,019 446 227 378 130 182 288 501 699 648 294 633
EPS in Rs 1.69 1.51 0.61 0.46 0.52 0.18 0.21 0.36 0.67 0.97 0.89 0.30 0.80
Raw PDF
Upcoming result date: 29 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
14,767 25,298 30,414 34,661 37,216 42,376 56,303 63,523 60,729 57,370 63,774 78,701 94,110
13,954 23,819 28,017 31,817 33,668 38,204 51,174 58,174 56,075 53,000 59,060 72,537 85,931
Operating Profit 813 1,480 2,397 2,844 3,548 4,171 5,128 5,348 4,654 4,370 4,714 6,164 8,179
OPM % 6% 6% 8% 8% 10% 10% 9% 8% 8% 8% 7% 8% 9%
144 318 311 212 177 346 125 333 642 568 575 158 259
Interest 165 250 294 318 345 375 411 423 593 512 543 781 1,639
Depreciation 380 714 817 921 1,087 1,059 1,575 2,058 2,721 2,926 2,958 3,136 3,562
Profit before tax 412 834 1,596 1,817 2,293 3,083 3,267 3,200 1,983 1,500 1,788 2,405 3,236
Tax % 52% 46% 31% 29% 23% 30% 31% 34% 35% -5% 34% 31%
196 452 1,097 1,292 1,774 2,172 2,260 2,098 1,294 1,569 1,182 1,670 2,275
EPS in Rs 0.59 1.00 1.71 1.93 2.89 3.28 3.37 3.41 2.47 2.19 1.29 2.21 2.96
Dividend Payout % 34% 26% 29% 31% 26% 18% 30% 29% 40% 46% 34% 29%
Compounded Sales Growth
10 Years: 12%
5 Years: 7%
3 Years: 9%
TTM: 28%
Compounded Profit Growth
10 Years: 13%
5 Years: -2%
3 Years: 10%
TTM: 57%
Stock Price CAGR
10 Years: 12%
5 Years: 10%
3 Years: 3%
1 Year: 75%
Return on Equity
10 Years: 13%
5 Years: 9%
3 Years: 7%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 39 59 88 88 132 140 210 316 316 316 452 678 678
Reserves 1,832 2,230 2,871 3,236 4,265 8,132 9,674 10,647 10,945 12,245 20,136 21,774 21,858
4,602 4,904 4,840 5,131 6,069 10,349 10,374 11,534 13,136 11,930 14,130 13,792 21,750
5,492 5,546 7,445 8,971 9,199 13,322 16,716 20,257 20,636 23,258 21,008 25,086 33,950
Total Liabilities 11,966 12,739 15,244 17,425 19,665 31,944 36,974 42,754 45,033 47,749 55,726 61,330 78,236
4,692 5,277 5,919 6,129 7,147 12,193 14,712 18,423 20,750 20,099 21,411 23,147 27,458
CWIP 446 386 647 956 1,397 1,935 2,585 1,067 852 877 1,310 1,478 2,277
Investments 94 72 75 65 590 474 792 855 796 846 6,462 6,290 6,331
6,734 7,005 8,603 10,276 10,531 17,343 18,885 22,409 22,635 25,926 26,543 30,415 42,170
Total Assets 11,966 12,739 15,244 17,425 19,665 31,944 36,974 42,754 45,033 47,749 55,726 61,330 78,236

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
589 1,486 2,695 3,390 2,188 3,800 3,264 4,312 6,352 5,051 2,463 4,643
-1,874 -1,089 -1,372 -2,844 -1,906 -6,145 -3,194 -3,318 -2,220 -1,886 -2,304 -2,248
1,380 -256 -1,080 494 -263 5,518 -2,221 -225 -2,803 -2,098 -1,217 -2,734
Net Cash Flow 95 142 243 1,040 19 3,172 -2,152 769 1,329 1,068 -1,059 -339

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 74 42 39 32 46 40 36 35 31 36 38 39
Inventory Days 86 58 62 63 37 44 43 46 54 56 64 63
Days Payable 118 70 77 82 84 103 96 106 108 125 113 114
Cash Conversion Cycle 42 30 24 13 -1 -20 -17 -24 -23 -33 -11 -11
Working Capital Days 21 9 1 -1 4 4 6 2 -7 -9 -0 2
ROCE % 11% 15% 23% 25% 24% 21% 18% 15% 10% 7% 6% 9%

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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