Motherson Sumi Wiring India Ltd

Motherson Sumi Wiring India Ltd

₹ 42.5 -0.77%
08 May - 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

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.

  • Market Cap 28,185 Cr.
  • Current Price 42.5
  • High / Low 53.6 / 35.7
  • Stock P/E 45.1
  • Book Value 3.26
  • Dividend Yield 1.33 %
  • ROCE 38.9 %
  • ROE 32.4 %
  • Face Value 1.00

Pros

  • 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 13.0 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,872 1,859 2,109 2,115 2,233 2,185 2,326 2,300 2,510 2,494 2,762 2,887 3,335
1,655 1,665 1,856 1,853 1,941 1,946 2,076 2,063 2,238 2,250 2,482 2,625 3,061
Operating Profit 217 194 253 262 291 239 250 238 271 244 280 262 274
OPM % 12% 10% 12% 12% 13% 11% 11% 10% 11% 10% 10% 9% 8%
5 14 1 1 4 5 5 1 2 1 1 1 1
Interest 9 8 7 6 6 5 7 7 6 6 6 7 6
Depreciation 35 34 36 38 39 40 44 47 48 49 53 56 57
Profit before tax 179 166 210 219 250 198 203 185 220 190 221 200 212
Tax % 22% 26% 26% 23% 24% 25% 25% 24% 25% 25% 25% 25% 21%
138 123 156 168 191 149 152 140 165 143 165 149 167
EPS in Rs 0.21 0.19 0.24 0.25 0.29 0.22 0.23 0.21 0.25 0.22 0.25 0.23 0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,938 5,635 7,068 8,327 9,319 11,478
3,385 4,905 6,276 7,315 8,323 10,417
Operating Profit 553 730 792 1,012 996 1,060
OPM % 14% 13% 11% 12% 11% 9%
24 -35 12 8 13 4
Interest 7 28 28 27 25 26
Depreciation 37 106 124 147 179 216
Profit before tax 532 561 652 846 806 822
Tax % 26% 27% 25% 25% 25% 24%
396 411 487 638 606 625
EPS in Rs 0.62 0.73 0.96 0.91 0.94
Dividend Payout % 0% 65% 59% 55% 26% 62%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 18%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 9%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 4%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: 41%
3 Years: 37%
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 1,499
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 -509
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
Number of Active Quality Circles
Number

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Number of Manufacturing & Assembly Facilities
Number
Total Workforce (Employees & Associates)
Number
Return on Capital Employed (ROCE)
%
Segment Revenue Split - Passenger Vehicles
%
EV Revenue Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
61.74% 61.75% 61.73% 61.73% 61.73% 61.73% 61.73% 61.72% 61.72% 61.72% 61.72% 61.72%
10.93% 11.08% 11.01% 10.96% 10.78% 10.52% 9.86% 10.16% 10.37% 10.27% 10.14% 9.74%
17.77% 17.56% 17.12% 16.22% 16.23% 16.34% 16.74% 16.21% 16.24% 16.59% 17.17% 17.41%
0.21% 0.21% 0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.02% 0.02%
9.33% 9.41% 9.93% 11.11% 11.26% 11.41% 11.67% 11.92% 11.65% 11.40% 10.93% 11.08%
No. of Shareholders 6,94,2197,21,7607,75,5668,88,9418,89,9439,20,3439,39,8829,54,4339,28,4069,15,9568,77,3088,57,987

* 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.

Click on the line-items to see the names of individual entities.

Documents

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