Samvardhana Motherson International Ltd

Samvardh. Mothe. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Samvardhana Motherson International Ltd

₹ 162 -1.85%
21 Nov 4:00 p.m.
motherson.com BSE: 517334 NSE: MOTHERSON
About

Motherson Sumi Systems is engaged primarily in the manufacturer and sale of components to automotive original equipment manufacturers.[1]

Key Points

India’s largest Ancilliary company[1] The MSSL group is amongst the world's largest manufacturers of exterior rear-view mirrors with a dominant market share, and is a leading global player in polymer-based interior and exterior modules. Moreover, the group is also the largest manufacturer of wiring harnesses for passenger vehicles in India.

Website BSE NSE
  • Market Cap ₹ 1,14,203 Cr.
  • Current Price ₹ 162
  • High / Low ₹ 217 / 86.8
  • Stock P/E 30.2
  • Book Value ₹ 46.4
  • Dividend Yield 0.49 %
  • ROCE 13.7 %
  • ROE 11.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 27.7%

Cons

  • Stock is trading at 3.50 times its book value
  • Promoter holding has decreased over last quarter: -2.22%
  • Company has a low return on equity of 8.51% over last 3 years.
  • Debtor days have increased from 45.0 to 57.8 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

Part of BSE 400 MidSmallCap Index Nifty Next 50 Nifty LargeMidcap 250 Nifty100 ESG Nifty200 Momentum 30

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
14,076 16,118 17,241 17,615 18,302 20,267 22,517 22,462 23,474 25,644 27,058 28,868 27,812
13,133 15,050 15,985 16,538 16,864 18,665 20,481 20,538 21,585 23,328 24,124 26,093 25,364
Operating Profit 944 1,067 1,256 1,077 1,438 1,602 2,036 1,925 1,889 2,316 2,935 2,775 2,448
OPM % 7% 7% 7% 6% 8% 8% 9% 9% 8% 9% 11% 10% 9%
237 275 37 99 -46 80 35 76 -10 172 161 179 443
Interest 131 129 161 169 184 149 278 253 488 620 450 444 546
Depreciation 737 733 736 732 749 815 840 839 867 1,016 1,088 1,065 1,103
Profit before tax 312 479 396 274 460 718 953 909 523 851 1,557 1,445 1,242
Tax % 27% 21% 67% 34% 37% 30% 27% 29% 44% 26% 7% 24% 24%
227 378 130 182 288 501 699 648 294 633 1,444 1,097 949
EPS in Rs 0.46 0.52 0.18 0.21 0.36 0.67 0.97 0.89 0.30 0.80 2.02 1.47 1.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
25,298 30,414 34,661 37,216 42,376 56,303 63,523 60,729 57,370 63,774 78,788 98,692 109,382
23,819 28,017 31,817 33,668 38,204 51,174 58,174 56,075 53,000 59,060 72,537 89,370 98,908
Operating Profit 1,480 2,397 2,844 3,548 4,171 5,128 5,348 4,654 4,370 4,714 6,251 9,322 10,474
OPM % 6% 8% 8% 10% 10% 9% 8% 8% 8% 7% 8% 9% 10%
318 311 212 177 346 125 333 642 568 575 70 140 955
Interest 250 294 318 345 375 411 423 593 512 543 781 1,811 2,061
Depreciation 714 817 921 1,087 1,059 1,575 2,058 2,721 2,926 2,958 3,136 3,810 4,272
Profit before tax 834 1,596 1,817 2,293 3,083 3,267 3,200 1,983 1,500 1,788 2,405 3,840 5,095
Tax % 46% 31% 29% 23% 30% 31% 34% 35% -5% 34% 31% 21%
452 1,097 1,292 1,774 2,172 2,260 2,098 1,294 1,569 1,182 1,670 3,020 4,123
EPS in Rs 1.00 1.71 1.93 2.89 3.28 3.37 3.41 2.47 2.19 1.29 2.21 4.01 5.54
Dividend Payout % 26% 29% 31% 26% 18% 30% 29% 40% 46% 34% 29% 20%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 20%
TTM: 23%
Compounded Profit Growth
10 Years: 14%
5 Years: 12%
3 Years: 39%
TTM: 150%
Stock Price CAGR
10 Years: 9%
5 Years: 18%
3 Years: 9%
1 Year: 85%
Return on Equity
10 Years: 12%
5 Years: 9%
3 Years: 9%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 59 88 88 132 140 210 316 316 316 452 678 678 704
Reserves 2,230 2,871 3,236 4,265 8,132 9,674 10,647 10,945 12,245 20,136 21,774 25,477 31,930
4,904 4,840 5,131 6,069 10,349 10,374 11,534 13,136 11,930 14,130 13,792 19,922 25,417
5,546 7,445 8,971 9,199 13,322 16,716 20,257 20,636 23,258 21,008 25,086 38,101 39,828
Total Liabilities 12,739 15,244 17,425 19,665 31,944 36,974 42,754 45,033 47,749 55,726 61,330 84,178 97,879
5,277 5,919 6,129 7,147 12,193 14,712 18,423 20,750 20,099 21,411 23,147 30,122 32,455
CWIP 386 647 956 1,397 1,935 2,585 1,067 852 877 1,310 1,478 2,498 2,693
Investments 72 75 65 590 474 792 855 796 846 6,462 6,290 6,521 6,615
7,005 8,603 10,276 10,531 17,343 18,885 22,409 22,635 25,926 26,543 30,415 45,037 56,115
Total Assets 12,739 15,244 17,425 19,665 31,944 36,974 42,754 45,033 47,749 55,726 61,330 84,178 97,879

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,486 2,695 3,390 2,188 3,800 3,264 4,312 6,352 5,051 2,463 4,643 7,569
-1,089 -1,372 -2,844 -1,906 -6,145 -3,194 -3,318 -2,220 -1,886 -2,304 -2,248 -6,644
-256 -1,080 494 -263 5,518 -2,221 -225 -2,803 -2,098 -1,217 -2,734 1,281
Net Cash Flow 142 243 1,040 19 3,172 -2,152 769 1,329 1,068 -1,059 -339 2,205

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 42 39 32 46 40 36 35 31 36 38 39 58
Inventory Days 58 62 63 37 44 43 46 54 56 64 63 61
Days Payable 70 77 82 84 103 96 106 108 125 113 114 152
Cash Conversion Cycle 30 24 13 -1 -20 -17 -24 -23 -33 -11 -11 -33
Working Capital Days 9 1 -1 4 4 6 2 -7 -9 -0 2 -2
ROCE % 15% 23% 25% 24% 21% 18% 15% 10% 7% 6% 9% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.73% 68.16% 68.16% 68.16% 68.16% 64.77% 64.77% 64.77% 64.79% 60.36% 60.35% 58.12%
16.43% 9.81% 9.49% 8.76% 8.24% 10.87% 10.83% 11.41% 10.78% 12.44% 12.88% 13.47%
13.87% 10.51% 10.50% 10.48% 11.95% 14.74% 15.12% 14.92% 15.27% 18.15% 18.04% 19.82%
0.00% 0.00% 0.00% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.06% 0.05%
7.98% 11.53% 11.86% 12.53% 11.57% 9.55% 9.21% 8.84% 9.10% 8.98% 8.68% 8.55%
No. of Shareholders 6,87,5249,03,6149,48,1519,75,21510,60,33210,27,0239,93,8079,93,29110,34,24610,39,40710,83,23612,18,776

* 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.

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