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
- 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.
Loading peers table ...
Quarterly Results
Figures in Rs. Crores
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 |
|
|||
| Number of Manufacturing & Assembly Facilities Number |
||||
| Total Workforce (Employees & Associates) Number |
||||
| Return on Capital Employed (ROCE) % |
||||
| Segment Revenue Split - Passenger Vehicles % |
||||
| EV Revenue Share % |
||||
Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 May - Transcript of Q4 FY26 investor call; FY26 revenue crossed INR10,000 crore, capex guided at INR200 crore.
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company confirms it does not qualify as a Large Corporate under SEBI circulars.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Apr
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Apr - Audio of the April 28, 2026 earnings call uploaded for FY26 audited results.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
28 Apr - Yuichi Shimizu resigned; Ryuji Sakai appointed Additional Director effective April 28, 2026.
Annual reports
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
-
Nov 2025Transcript PPT
-
Sep 2025TranscriptPPT
-
Aug 2025Transcript PPT REC
-
May 2025Transcript PPT
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
May 2024TranscriptAI SummaryPPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023TranscriptPPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Oct 2022TranscriptAI SummaryPPT
-
Aug 2022TranscriptPPT
-
Aug 2022Transcript PPT
-
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.