Samvardhana Motherson International Ltd
Motherson Sumi Systems is engaged primarily in the manufacturer and sale of components to automotive original equipment manufacturers.[1]
- Market Cap ₹ 63,190 Cr.
- Current Price ₹ 93.3
- High / Low ₹ 104 / 61.8
- Stock P/E 41.6
- Book Value ₹ 33.3
- Dividend Yield 0.70 %
- ROCE 8.76 %
- ROE 7.16 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 36.2%
Cons
- Stock is trading at 2.84 times its book value
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 88,680 | |
13,954 | 23,819 | 28,017 | 31,817 | 33,668 | 38,204 | 51,174 | 58,174 | 56,075 | 53,000 | 59,060 | 72,537 | 81,268 | |
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 | 7,412 |
OPM % | 6% | 6% | 8% | 8% | 10% | 10% | 9% | 8% | 8% | 8% | 7% | 8% | 8% |
144 | 318 | 311 | 212 | 177 | 346 | 125 | 333 | 642 | 568 | 575 | 158 | 221 | |
Interest | 165 | 250 | 294 | 318 | 345 | 375 | 411 | 423 | 593 | 512 | 543 | 781 | 1,168 |
Depreciation | 380 | 714 | 817 | 921 | 1,087 | 1,059 | 1,575 | 2,058 | 2,721 | 2,926 | 2,958 | 3,136 | 3,361 |
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 | 3,103 |
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 | 2,142 | |
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 | 2.83 |
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: | 113% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 2% |
3 Years: | 2% |
1 Year: | 23% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
30 Nov - Samvardhana Motherson International Limited has submitted with the Exchange a status update on letter dated August 10, 2023 read with October 23, 2023.
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Announcement under Regulation 30 (LODR)-Acquisition
27 Nov - Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited) has submitted with the Exchange intimation regarding investment to be made in share capital of Indian …
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Incorporation Of Wholly-Owned Subsidiaries
24 Nov - Samvardhana Motherson International Limited has informed the exchange regarding incorporation of wholly owned subsidiaries.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
23 Nov - Samvardhana Motherson International Limited has informed the Exchange about the status of amalgamation its wholly owned subsidiaries with the Company.
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Announcement Under Regulation 30 - Update On Acquisition
21 Nov - Samvardhana Motherson International Limited has submitted with the Exchange regarding update on acquisition announced by the Company on July 4, 2023 read with letter dated …
Annual reports
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Financial Year 2023
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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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.