Motherson Sumi shines on bagging significant set of orders from Daimler

29 Apr 2015 Evaluate

Motherson Sumi Systems is currently trading at Rs. 484.45, up by 20.45 points or 4.41% from its previous closing of Rs. 464.00 on the BSE.

The scrip opened at Rs. 488.00 and has touched a high and low of Rs. 499.00 and Rs. 480.20 respectively. So far 71794 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 534.40 on 20-Apr-2015 and a 52 week low of Rs. 249.50 on 30-Apr-2014.

Last one week high and low of the scrip stood at Rs. 506.50 and Rs. 439.00 respectively. The current market cap of the company is Rs. 40921.06 crore.

The promoters holding in the company stood at 65.59% while Institutions and Non-Institutions held 23.50% and 10.90% respectively.

Motherson Sumi Systems (MSSL) through its subsidiary - Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has received a significant set of orders for the supply of a range of exterior and interior systems for several future Mercedes-Benz vehicle generations. MSSL estimates these orders to generate sales revenues of approximately Rs 15,400 crore (Euro 2.2 billion approximately) over its lifetime and expected to commence from calendar year 2018.

To support Daimler’s expansion activities, MSSL will invest in 2 new plants, one each in the USA and Hungary which will enable SMRP BV to be closer to Daimler’s vehicle assembly plants, along with capacity expansion in existing plants in Germany as well as new machines, tools and product development efforts.

All of the mentioned activities are concerning operations of SMRPBV‘s division SMP (Samvardhana Motherson Peguform), which was acquired in 2011. SMP is a technology and market leader for bumpers, door panels and cockpits with strong footprint in Europe, Mexico, Brasil and China.

 

SamvardhanaMotherson Share Price

165.15 3.30 (2.04%)
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