Motherson Sumi Wiring India Ltd
₹ 39.2
-0.20%
20 Aug
- close price
About
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]
Key Points
- Market Cap ₹ 25,983 Cr.
- Current Price ₹ 39.2
- High / Low ₹ 53.6 / 35.7
- Stock P/E 41.4
- Book Value ₹ 3.26
- Dividend Yield 1.48 %
- ROCE 38.9 %
- ROE 32.4 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.5%
- Company has been maintaining a healthy dividend payout of 47.5%
Cons
- Stock is trading at 12.0 times its book value
- Debtor days have increased from 49.3 to 59.9 days.
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,938 | 5,635 | 7,068 | 8,327 | 9,319 | 11,478 | 12,391 | |
| 3,385 | 4,905 | 6,276 | 7,315 | 8,323 | 10,417 | 11,316 | |
| Operating Profit | 553 | 730 | 792 | 1,012 | 996 | 1,060 | 1,074 |
| OPM % | 14% | 13% | 11% | 12% | 11% | 9% | 9% |
| 24 | -35 | 12 | 8 | 13 | 4 | 8 | |
| Interest | 7 | 28 | 28 | 27 | 25 | 26 | 28 |
| Depreciation | 37 | 106 | 124 | 147 | 179 | 216 | 227 |
| Profit before tax | 532 | 561 | 652 | 846 | 806 | 822 | 828 |
| Tax % | 26% | 27% | 25% | 25% | 25% | 24% | |
| 396 | 411 | 487 | 638 | 606 | 625 | 627 | |
| EPS in Rs | 0.62 | 0.73 | 0.96 | 0.91 | 0.94 | 0.95 | |
| Dividend Payout % | 0% | 65% | 59% | 55% | 26% | 62% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 18% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 9% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -1% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 36% |
| Last Year: | 32% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 316 | 442 | 442 | 442 | 663 |
| Reserves | -0 | 799 | 888 | 1,235 | 1,256 | 1,498 |
| 96 | 283 | 373 | 259 | 269 | 233 | |
| 1,693 | 1,164 | 1,195 | 1,203 | 1,761 | 2,351 | |
| Total Liabilities | 1,789 | 2,562 | 2,898 | 3,139 | 3,729 | 4,746 |
| 170 | 432 | 579 | 600 | 691 | 779 | |
| CWIP | 0 | 32 | 27 | 24 | 37 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 1,620 | 2,097 | 2,292 | 2,516 | 3,002 | 3,965 | |
| Total Assets | 1,789 | 2,562 | 2,898 | 3,139 | 3,729 | 4,746 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 11 | 501 | 224 | 791 | 365 | 761 | |
| -28 | -101 | -194 | -208 | -60 | -200 | |
| 25 | -144 | -287 | -452 | -457 | -510 | |
| Net Cash Flow | 8 | 256 | -257 | 131 | -153 | 52 |
| Free Cash Flow | -17 | 400 | 26 | 680 | 194 | 561 |
| CFO/OP | 23% | 95% | 51% | 100% | 56% | 92% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 43 | 41 | 39 | 49 | 60 |
| Inventory Days | 116 | 97 | 95 | 76 | 77 | 82 |
| Days Payable | 109 | 92 | 73 | 62 | 71 | 93 |
| Cash Conversion Cycle | 69 | 47 | 64 | 54 | 55 | 48 |
| Working Capital Days | 49 | 31 | 42 | 39 | 32 | 44 |
| ROCE % | 88% | 44% | 48% | 43% | 39% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Commercial vehicles share of revenue % of revenue |
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| Two-wheeler share of revenue % of revenue |
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| Revenue from Greenfield plants INR crores |
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Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management to meet investors/analysts at Emkay Confluence 2026 in Mumbai on August 12, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Management will meet investors at Nuvama India Conference 2026 in Singapore on August 11, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication of unaudited financial results for first quarter ended June 30, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio of Q1 FY2026-27 earnings call uploaded on company website.
Annual reports
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT
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Sep 2025TranscriptPPT
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT
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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 2023TranscriptPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Oct 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptPPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptPPT
Business Profile:[1]
The company was established in April 2021 as a result of the reorganisation of Samvardhana Motherson International Limited, in which the automotive wiring harness business for Indian OEMs was demerged from the parent company and established as MSWIL. It is a JV with Sumitomo Wiring Systems, Ltd., a global leader in manufacturing wiring harnesses, harness components, and electrical wiring.