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18 Apr 2025 |
Samvardhana Motherson
|
Consensus Share Price Target
|
129.67 |
157.59 |
- |
21.53 |
buy
|
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|
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11 Nov 2022
|
Samvardhana Motherson
|
ICICI Securities Limited
|
129.67
|
110.00
|
70.45
(84.06%)
|
|
Buy
|
|
|
Samvardhana Motherson International’s (SAMIL) Q2FY23 EBITDA margin at 7.7%, up 160bps QoQ, was a positive surprise led by 180bps QoQ reduction in manpower cost, as start-up cost for new facilities was included in the base of Q1FY23.
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|
29 Sep 2022
|
Samvardhana Motherson
|
ICICI Direct
|
129.67
|
|
72.30
(79.35%)
|
Pre-Bonus/ Split |
Not Rated
|
|
|
|
|
28 Sep 2022
|
Samvardhana Motherson
|
ICICI Direct
|
129.67
|
105.00
|
72.30
(79.35%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
10 Aug 2022
|
Samvardhana Motherson
|
ICICI Securities Limited
|
129.67
|
153.00
|
128.55
(0.87%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Samvardhana Motherson International’s (SAMIL) EBITDA margin at 6.1%, down 90bps QoQ, was a slight miss on our estimate of 6.3%, largely due to gross margin impact (down 40bps QoQ).
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|
09 Aug 2022
|
Samvardhana Motherson
|
Motilal Oswal
|
129.67
|
165.00
|
121.80
(6.46%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
31 May 2022
|
Samvardhana Motherson
|
Geojit BNP Paribas
|
129.67
|
144.00
|
127.75
(1.50%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
27 May 2022
|
Samvardhana Motherson
|
Motilal Oswal
|
129.67
|
155.00
|
123.10
(5.34%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
18 Feb 2022
|
Samvardhana Motherson
|
Chola Wealth Direct
|
129.67
|
186.00
|
158.40
(-18.14%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Background: Motherson Sumi Systems Limited (MSSL) is one of the world's leading, specialized automotive component manufacturing companies for OEMs. MSSL was established in 1986 as a joint venture with Sumitomo Wiring Systems. With a diverse global customer base of nearly all leading automobile manufacturers globally, the company has a presence in 36 countries across six continents. MSSL is currently the largest auto ancillary in India and among the Fab SO companies of India. As a part of re-organization strategy, MSSL has de-merged its Domestic Wiring Harness (DWH) business into a separate entity named as Motherson Sumi...
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16 Feb 2022
|
Samvardhana Motherson
|
Geojit BNP Paribas
|
129.67
|
187.00
|
158.40
(-18.14%)
|
Pre-Bonus/ Split |
Hold
|
|
|
Motherson Sumi Systems Ltd (MSSL) is a JV between Samvardhana Motherson International (SMIL) and Sumitomo Wiring Systems, Japan (SWS). MSSL is a diversified auto parts maker with presence in automotive...
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14 Feb 2022
|
Samvardhana Motherson
|
ICICI Securities Limited
|
129.67
|
185.00
|
168.10
(-22.86%)
|
Pre-Bonus/ Split |
Hold
|
|
|
erstwhile SAMIL into MSSL at | 255/share on SOTP basis. Consequently, our target for individual entities i.e. DWH and new SAMIL (ex-DWH) is at | 70/share and | 185/share, respectively. Given the high RoCE profile (~40%) and exposure to pure play domestic PV wiring harness segment at DWH, we assign a premium valuation...
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