Motherson Sumi Wiring India Ltd
Motherson Sumi Wiring India, a JV between Sumitomo Wiring System and Motherson Group, is a market leader in the Indian wiring harness industry with a market share of over 40%.[1]
- Market Cap ₹ 27,123 Cr.
- Current Price ₹ 61.4
- High / Low ₹ 68.0 / 45.2
- Stock P/E 51.8
- Book Value ₹ 2.98
- Dividend Yield 1.05 %
- ROCE 43.8 %
- ROE 39.8 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 41.5%
Cons
- Stock is trading at 20.7 times its book value
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|
3,938 | 5,635 | 7,057 | 7,515 | |
3,385 | 4,905 | 6,276 | 6,684 | |
Operating Profit | 553 | 730 | 781 | 830 |
OPM % | 14% | 13% | 11% | 11% |
24 | -35 | 22 | 33 | |
Interest | 7 | 28 | 28 | 30 |
Depreciation | 37 | 106 | 124 | 137 |
Profit before tax | 532 | 561 | 652 | 696 |
Tax % | 26% | 27% | 25% | |
396 | 411 | 487 | 524 | |
EPS in Rs | 0.93 | 1.10 | 1.18 | |
Dividend Payout % | 0% | 65% | 59% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 40% |
Balance Sheet
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|
Equity Capital | 0 | 316 | 442 | 442 |
Reserves | -0 | 799 | 888 | 875 |
96 | 283 | 373 | 283 | |
1,693 | 1,164 | 1,195 | 1,263 | |
Total Liabilities | 1,789 | 2,562 | 2,898 | 2,862 |
170 | 432 | 579 | 595 | |
CWIP | 0 | 32 | 27 | 9 |
Investments | 0 | 0 | 0 | 0 |
1,620 | 2,097 | 2,292 | 2,259 | |
Total Assets | 1,789 | 2,562 | 2,898 | 2,862 |
Cash Flows
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
11 | 501 | 224 | |
-28 | -101 | -194 | |
25 | -144 | -287 | |
Net Cash Flow | 8 | 256 | -257 |
Ratios
Figures in Rs. Crores
Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|
Debtor Days | 63 | 43 | 41 |
Inventory Days | 116 | 97 | 95 |
Days Payable | 109 | 92 | 73 |
Cash Conversion Cycle | 69 | 47 | 64 |
Working Capital Days | 55 | 36 | 49 |
ROCE % | 88% | 44% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
27 Nov - Motherson Sumi Wiring India Limited submitted with the Exchange an intimation regarding investment in Indian Foundation for Quality Management.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 6 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Nov - Newspaper publication of un-audited financial results for the second quarter and half year ended September 30, 2023.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 31 Oct
- Appointment Of Secretarial Auditor. 31 Oct
Annual reports
Concalls
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptPPT
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Nov 2022Transcript PPT
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Oct 2022TranscriptNotesPPT
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Aug 2022TranscriptPPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptPPT
Business Profile[1]
Motherson Sumi Wiring India Limited (MSWIL) was established in FY22 as a result of the reorganization of Samvardhana Motherson International Limited wherein the automotive wiring harness business for Indian OEMs was demerged from the parent company and established under MSWIL.
MSWIL is a JV with Sumitomo Wiring Systems, Ltd., a global leader in the manufacture of wiring harnesses, harness components, and other electric wires.