SamvardhanaMotherson

₹167.7 -2.7 | 1.6%

WEBSITE BSE:517334 NSE : MOTHERSON 09 Dec, 12:11

Market Cap ₹117963 Cr.

Stock P/E 39.1

P/B 3.6

Current Price ₹167.7

Book Value ₹ 46.4

Face Value 1

52W High ₹217

Dividend Yield 0.48%

52W Low ₹ 88.2

Edit Ratio

SamvardhanaMotherson Research see more...

Overview Inc. Year: 1986Industry: Auto Ancillary

Motherson Sumi Systems Limited manufactures components for the automotive and transport industries in India and across the world. The organization offers indoors and outside mirrors, and camera-based detection vision systems; modules and polymer products; slicing and gear cutting tools, and machining of high precision metallic machined additives; and generation, engineering, and manufacturing solutions. It also presents exterior lighting fixtures and electronics, passenger vehicle HVAC and compressors, body control module, struts, and shock absorbers and products; logistics solutions; and fitness and clinical merchandise, solutions, and services, in addition to included solutions for aerospace industry. In addition, the agency gives commercial park; manufacturing engineering, session, challenge control, and turnkey supplies to the car industry; and machine gear and hydraulic merchandise buying and selling. Further, it designs, manufactures, and integrates electric distribution systems, electronics, and related components for business automobile industries, rolling stock manufacturers, and other related segments. Motherson Sumi Systems Ltd become incorporated in 1986 and is based in Noida, India.

SamvardhanaMotherson Share Price

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Peer Comparison

SamvardhanaMotherson Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	17654	18302	20267	22517	22462	23527	25698	27058	28868	27812
Other Income	58	53	81	35	53	66	55	84	71	259
Total Income	17713	18355	20348	22552	22515	23594	25752	27142	28939	28071
Total Expenditure	16538	16858	18651	20580	20639	21540	23328	24264	26225	25364
Operating Profit	1175	1497	1697	1972	1876	2054	2424	2878	2713	2707
Interest	169	184	149	278	253	488	620	450	444	546
Depreciation	732	749	815	717	737	867	1016	947	932	1103
Exceptional Income / Expenses	0	-98	-1	-0	0	-249	-1	0	0	0
Profit Before Tax	273	466	732	977	886	449	787	1480	1337	1058
Provision for Tax	93	171	217	254	261	229	218	113	348	294
Profit After Tax	180	295	515	723	625	220	569	1367	989	765
Adjustments	-39	-49	-61	-70	-24	-19	-27	4	5	115
Profit After Adjustments	141	246	454	654	601	202	542	1372	994	880
Adjusted Earnings Per Share	0.2	0.4	0.7	1	0.9	0.3	0.8	2	1.5	1.3

SamvardhanaMotherson Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	30428	34673	37216	42376	56293	63523	60729	57370	63774	78788	98692	109436
Other Income	311	376	39	264	170	220	225	229	258	170	188	469
Total Income	30739	35050	37256	42640	56463	63743	60954	57599	64032	78958	98879	109904
Total Expenditure	28031	31829	33668	38209	51171	58175	56075	53011	59075	72493	89405	99181
Operating Profit	2708	3220	3587	4431	5293	5569	4879	4588	4957	6465	9474	10722
Interest	294	318	345	375	411	423	593	512	543	781	1811	2060
Depreciation	817	921	1087	1059	1575	2058	2721	2926	2958	3136	3811	3998
Exceptional Income / Expenses	0	-165	0	-97	-178	0	0	-62	-48	-100	-250	-1
Profit Before Tax	1596	1817	2293	3083	3267	3200	1622	1173	1424	2405	3840	4662
Provision for Tax	499	526	519	910	1007	1102	688	-69	607	735	821	973
Profit After Tax	1097	1292	1774	2172	2260	2098	934	1243	817	1670	3020	3690
Adjustments	-332	-429	-481	-618	-663	-485	236	-204	57	-174	-303	97
Profit After Adjustments	765	863	1292	1554	1597	1613	1170	1039	874	1496	2716	3788
Adjusted Earnings Per Share	1.7	1.9	2.9	3.3	3.4	3.4	2.5	2.2	1.3	2.2	4	5.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	20%	9%	12%
Operating Profit CAGR	47%	27%	11%	13%
PAT CAGR	81%	34%	8%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	73%	4%	13%	7%
ROE Average	12%	8%	9%	23%
ROCE Average	14%	10%	10%	17%

SamvardhanaMotherson Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	2959	3324	4397	8273	9884	10963	11261	12561	20588	22452	26155
Minority's Interest	790	1014	1512	2232	2960	3480	3565	4023	1776	1925	2061
Borrowings	2983	4086	4786	9444	7570	8100	8261	7469	8501	6618	9981
Other Non-Current Liabilities	462	482	271	536	1123	1285	2335	1880	1971	1977	3031
Total Current Liabilities	8049	8474	9250	11383	15334	18891	19571	20294	22285	27515	41720
Total Liabilities	15244	17380	20216	31867	36871	42718	44993	47063	55122	60487	82947
Fixed Assets	5919	6129	7147	12103	14581	18292	20630	19971	20887	22648	29538
Other Non-Current Assets	1270	1832	2620	3716	5190	4476	4897	5064	11618	11061	13137
Total Current Assets	8056	9419	10449	16048	17100	19950	19465	20249	22616	26779	40272
Total Assets	15244	17380	20216	31867	36871	42718	44993	47063	55122	60487	82947

SamvardhanaMotherson Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	585	831	1743	1766	4877	2771	3540	4869	5937	4878	4538
Cash Flow from Operating Activities	2695	3390	2188	3800	3264	4312	6352	5051	2463	4643	7569
Cash Flow from Investing Activities	-1372	-2853	-1906	-6726	-3194	-3311	-2240	-1894	-2312	-2245	-6662
Cash Flow from Financing Activities	-1080	495	-263	5518	-2221	-225	-2803	-2098	-1217	-2734	1281
Net Cash Inflow / Outflow	243	1031	19	2591	-2152	777	1309	1060	-1067	-336	2188
Closing Cash & Cash Equivalent	827	1870	1762	4938	2726	3540	4869	5937	4878	4538	6743

SamvardhanaMotherson Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	1.71	1.93	2.89	3.28	3.37	3.41	2.47	2.19	1.29	2.21	4.01
CEPS(Rs)	4.29	4.95	6.41	6.82	8.1	8.77	7.72	8.8	5.57	7.09	10.08
DPS(Rs)	2.5	3	2.5	2	2.25	1.5	1.5	1.5	0.43	0.65	0.8
Book NAV/Share(Rs)	6.61	7.42	9.85	17.46	20.87	23.14	23.77	26.52	30.38	33.13	38.6
Core EBITDA Margin(%)	7.73	8.06	9.37	9.65	9.06	8.42	7.66	7.6	7.37	7.99	9.41
EBIT Margin(%)	6.1	6.05	6.97	8.01	6.51	5.7	3.65	2.94	3.08	4.04	5.73
Pre Tax Margin(%)	5.15	5.15	6.06	7.14	5.78	5.04	2.67	2.05	2.23	3.05	3.89
PAT Margin (%)	3.54	3.66	4.68	5.03	4	3.3	1.54	2.17	1.28	2.12	3.06
Cash Profit Margin (%)	6.17	6.27	7.56	7.49	6.79	6.54	6.02	7.27	5.92	6.1	6.92
ROA(%)	7.84	7.92	9.44	8.34	6.58	5.27	2.13	2.7	1.6	2.89	4.21
ROE(%)	41.95	41.24	46	34.29	24.89	20.13	8.41	10.43	4.93	7.76	12.42
ROCE(%)	25.25	26.3	27.9	23.77	18.92	16.95	9.73	7.28	6.95	9.37	14.47
Receivable days	36.38	32.36	36.96	39.36	33.19	33.87	34.09	34.58	35.1	34.95	44.66
Inventory Days	34.65	36.39	29.09	22.65	22.88	24.93	29.51	32.3	32.73	33.04	31.36
Payable days	68.55	75.55	81.65	88.32	86.86	97.8	109.44	120.09	111.78	102.68	123.27
PER(x)	29.5	52.5	27.32	33.68	41.09	29.22	16.48	61.25	72.05	30.39	29.2
Price/Book(x)	7.65	13.66	8.03	6.33	6.64	4.3	1.71	5.07	3.06	2.02	3.03
Dividend Yield(%)	0.98	0.58	0.94	0.54	0.72	1.01	2.46	0.74	0.47	0.97	0.68
EV/Net Sales(x)	0.87	1.4	1.06	1.36	1.3	0.87	0.43	1.19	1.11	0.67	0.91
EV/Core EBITDA(x)	9.79	15.07	11.04	13.05	13.83	9.9	5.36	14.91	14.27	8.19	9.47
Net Sales Growth(%)	20.21	13.95	7.33	13.86	32.84	12.84	-4.4	-5.53	11.16	23.54	25.26
EBIT Growth(%)	74.45	12.93	23.56	31.07	6.37	-1.48	-38.87	-23.94	16.74	61.97	77.4
PAT Growth(%)	143.35	17.75	37.34	22.48	4.03	-7.16	-55.47	33.02	-34.23	104.28	80.86
EPS Growth(%)	72.1	12.74	49.83	13.33	2.8	0.99	-27.46	-11.19	-41.23	71.19	81.61
Debt/Equity(x)	1.64	1.55	1.38	1.25	1.05	1.05	1.05	0.85	0.62	0.54	0.66
Current Ratio(x)	1	1.11	1.13	1.41	1.12	1.06	0.99	1	1.01	0.97	0.97
Quick Ratio(x)	0.59	0.67	0.88	1.14	0.85	0.81	0.73	0.75	0.73	0.69	0.75
Interest Cover(x)	6.42	6.72	7.65	9.22	8.95	8.56	3.74	3.29	3.62	4.08	3.12
Total Debt/Mcap(x)	0.21	0.11	0.17	0.2	0.16	0.24	0.61	0.17	0.2	0.27	0.22

SamvardhanaMotherson Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	68.16	68.16	68.16	64.77	64.77	64.77	64.78	60.36	60.36	58.13
FII	9.49	8.75	8.24	10.87	10.83	11.41	10.77	12.44	12.87	13.47
DII	10.5	10.57	12.02	14.8	15.18	15	15.34	18.23	18.1	19.87
Public	11.86	12.53	11.58	9.56	9.22	8.83	9.1	8.98	8.67	8.54
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	307.91	307.91	461.87	438.88	438.88	438.88	438.99	408.99	408.99	408.99
FII	42.87	39.52	55.84	73.69	73.41	77.31	73	84.32	87.23	94.76
DII	47.43	47.74	81.46	100.29	102.88	101.63	103.96	123.5	122.64	139.82
Public	53.56	56.59	78.47	64.78	62.46	59.82	61.69	60.83	58.78	60.06
Others	0	0	0	0	0	0	0	0	0	0
Total	451.76	451.76	677.64	677.64	677.64	677.64	677.64	677.64	677.64	703.63

Pros

Cons

Company has a low return on equity of 8% over the last 3 years.
Debtor days have increased from 102.68 to 123.27days.
Stock is trading at 3.6 times its book value.
The company has delivered a poor profit growth of 7% over past five years.

* 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.