Samvardhana Motherson International Ltd - Stock Valuation and Financial Performance

BSE: 517334 | NSE: MOTHERSON | Auto Ancillary | Large Cap

SamvardhanaMotherson Share Price

154.10 -3.00 -1.91%
as on 30-Dec'24 16:59

DeciZen - make an informed investing decision on SamvardhanaMotherson

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Samvardhana Motherson International stock performance -

mw4me loader
P/E Ratio (CD):
29.18
Market Cap:
1,10,540.2 Cr.
52-wk low:
95.8
52-wk high:
217

Is Samvardhana Motherson International Ltd an attractive stock to invest in?

1. Is Samvardhana Motherson International Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Samvardhana Motherson International Ltd is a good quality company.

2. Is Samvardhana Motherson International Ltd undervalued or overvalued?

The key valuation ratios of Samvardhana Motherson International Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Samvardhana Motherson International Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Samvardhana Motherson International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of SamvardhanaMotherson:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Samvardhana Motherson International Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 26.3%27.9%23.8%18.9%17%9.7%7.3%7%9.4%14.5%-
Value Creation
Index
1.31.51.10.70.5-0.1-0.4-0.4-0.20.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 34,67337,21642,37656,29363,52360,72957,37063,77478,78898,6921,08,395
Sales YoY Gr.-7.3%13.9%32.8%12.8%-4.4%-5.5%11.2%23.5%25.3%-
Adj EPS 2.22.93.33.63.31.61.70.72.34.35.4
YoY Gr.-32.3%13.1%9.1%-7.5%-50.9%4.3%-60%236.8%86.5%-
BVPS (₹) 7.49.917.520.923.123.826.530.433.138.646.4
Adj Net
Profit
9841,2981,5581,7011,5727728044641,5552,8923,786
Cash Flow from Ops. 3,3902,1883,8003,2644,3126,3525,0512,4634,6437,569-
Debt/CF from Ops. 1.52.82.73.22.71.92.15.22.62.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.3%9.2%19.8%25.3%
Adj EPS 7.7%5.2%35.9%86.5%
BVPS20.1%10.8%13.3%16.5%
Share Price 5.8% 9.2% 2.4% 51.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
31.333.624.618.715.176.82.87.211.912.7
Op. Profit
Mgn %
8.29.69.89.18.47.77.77.489.59.5
Net Profit
Mgn %
4.14.85.14.23.21.52.31.22.23.23.5
Debt to
Equity
1.61.41.31.11.11.10.90.60.50.70.4
Working Cap
Days
8385929210011011211010611474
Cash Conv.
Cycle
17111-3-4-5-7-1403

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.70%

Sales growth is growing at healthy rate in last 3 years 19.82%

Net Profit is growing at healthy rate in last 3 years 35.93%

Debt to equity has declined versus last 3 years average to 0.66

Sales growth is good in last 4 quarters at 23.56%

No data to display

Latest Financials - Samvardhana Motherson International Ltd.

Standalone Consolidated
TTM EPS (₹) 1.9 5.4
TTM Sales (₹ Cr.) 9,319 1,08,395
BVPS (₹.) 52.7 46.4
Reserves (₹ Cr.) 36,355 31,930
P/BV 2.98 3.39
PE 83.48 29.18
From the Market
52 Week Low / High (₹) 95.75 / 217.00
All Time Low / High (₹) 0.06 / 217.00
Market Cap (₹ Cr.) 1,10,540
Equity (₹ Cr.) 703.6
Face Value (₹) 1
Industry PE 50

Management X-Ray of SamvardhanaMotherson:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.121.121.121.181.912.321.862.001.982.42
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of SamvardhanaMotherson

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales34,67337,21642,37656,29363,52360,72957,37063,77478,78898,692
Operating Expenses 31,82933,66838,20951,17158,17556,07553,01159,07572,49389,405
Manufacturing Costs1,7821,9282,0842,8113,4802,7662,5723,3554,7745,138
Material Costs21,63422,41125,75334,30336,73834,96932,59836,73645,31754,415
Employee Cost 6,3657,1578,09111,06814,16914,37314,10015,37517,93123,539
Other Costs 2,0482,1722,2812,9893,7873,9673,7423,6084,4706,314
Operating Profit 2,8443,5484,1675,1235,3484,6544,3594,6996,2959,287
Operating Profit Margin (%) 8.2%9.5%9.8%9.1%8.4%7.7%7.6%7.4%8.0%9.4%
Other Income 37639264170220225229258170188
Interest 3183453754114235935125437811,811
Depreciation 9211,0871,0591,5752,0582,7212,9262,9583,1363,811
Exceptional Items -1650-97-17800-62-48-100-250
Profit Before Tax 1,8172,2933,0833,2673,2001,6221,1731,4242,4053,840
Tax 5265199101,0071,102688-69607735821
Profit After Tax 1,2921,7742,1722,2602,0989341,2438171,6703,020
PAT Margin (%) 3.7%4.8%5.1%4.0%3.3%1.5%2.2%1.3%2.1%3.1%
Adjusted EPS (₹)1.92.93.33.43.42.52.21.32.24.0
Dividend Payout Ratio (%)31%26%18%30%29%40%46%34%29%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3,3244,3978,2739,88410,96311,26112,56120,58822,45226,155
Share Capital 88132140211316316316452678678
Reserves 3,2364,2658,1329,67410,64710,94512,24520,13721,77425,477
Minority Interest1014151222322960348035654023177619252061
Debt4,9105,74210,1429,47710,94311,6698,82611,7068,83111,535
Long Term Debt4,0864,7869,4447,5708,1008,2617,4698,5016,6189,981
Short Term Debt8259566981,9072,8433,4081,3583,2052,2131,555
Trade Payables4,8645,1637,3009,02610,66110,30911,14111,36014,13622,617
Others Liabilities 3,2673,4023,9205,5246,6718,18910,5129,69113,14320,579
Total Liabilities 17,38020,21631,86736,87142,71844,99347,06355,12260,48782,947

Fixed Assets

Gross Block12,6448,33915,46419,69525,26530,52332,32536,24541,52559,245
Accumulated Depreciation6,5151,1923,3615,1146,9739,89312,35415,35818,87829,707
Net Fixed Assets6,1297,14712,10314,58118,29220,63019,97120,88722,64829,538
CWIP 9561,3971,9352,5851,0678528771,3101,4782,498
Investments 655324747928557968476,4626,2906,521
Inventories3,7502,2853,0724,0134,6635,1574,9966,4427,8239,139
Trade Receivables3,0144,6544,6555,6246,1665,1785,6936,5738,51415,637
Cash Equivalents 1,8921,7724,8872,7823,5474,8795,9064,9994,6996,986
Others Assets1,5742,4304,7426,4958,1277,5018,7738,4499,03712,629
Total Assets 17,38020,21631,86736,87142,71844,99347,06355,12260,48782,947

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3,3902,1883,8003,2644,3126,3525,0512,4634,6437,569
PBT 1,8172,2933,0833,1293,0872,0551,5281,9092,4053,840
Adjustment 9241,4858962,3892,3713,7543,4403,4653,7765,231
Changes in Working Capital 1265-899664-1249-961620643-2079-685-67
Tax Paid -617-690-843-1,005-1,050-1,078-560-832-853-1,435
Cash Flow From Investing Activity -2,853-1,906-6,726-3,194-3,311-2,240-1,894-2,312-2,245-6,662
Capex -1,839-1,931-2,779-3,031-2,685-2,194-1,933-2,436-2,183-4,010
Net Investments 0-1273-165-12-5-12-67-282
Others -1,01436-4,0202-624-48441375-2,370
Cash Flow From Financing Activity 495-2635,518-2,221-225-2,803-2,098-1,217-2,7341,281
Net Proceeds from Shares 002,5280000000
Net Proceeds from Borrowing 2,5305703,929-2,028-564-5451,137-844795,500
Interest Paid -299-323-347-394-416-567-414-553-808-1,510
Dividend Paid -316-639-83-552-555-1,142-161-646-331-675
Others -1,420128-5097521,310-548-2,659825-1,674-2,035
Net Cash Flow 1,031192,591-2,1527771,3091,060-1,067-3362,188
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)41.244634.2924.8920.138.4110.434.937.7612.42
ROCE (%)26.327.923.7718.9216.959.737.286.959.3714.47
Asset Turnover Ratio2.162.011.661.641.61.381.251.251.361.38
PAT to CFO Conversion(x)2.621.231.751.442.066.84.063.012.782.51
Working Capital Days
Receivable Days32373933343435353545
Inventory Days36292323253032333331
Payable Days7682888798109120112103123

Samvardhana Motherson International Ltd Stock News

Samvardhana Motherson International Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of SamvardhanaMotherson on 30-Dec-2024 16:59 is ₹154.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 30-Dec-2024 16:59 the market cap of SamvardhanaMotherson stood at ₹1,10,540.2.
The latest P/E ratio of SamvardhanaMotherson as of 30-Dec-2024 16:59 is 83.48.
The latest P/B ratio of SamvardhanaMotherson as of 30-Dec-2024 16:59 is 2.98.
The 52-week high of SamvardhanaMotherson is ₹217.0 and the 52-week low is ₹95.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SamvardhanaMotherson is ₹9,319 ( Cr.) .

About Samvardhana Motherson International Ltd

Motherson Sumi Systems Limited was incorporated in 1986 and listed in 1993, is listed at the Bombay Stock Exchange and National Stock Exchange of India, in India.The company’s business in India consists of designing, manufacturing and supplying wiring harness systems to domestic customers in India across segments viz. passenger cars, commercial vehicles, motorcycles/two-wheeler segments etc. The Company also exports harnesses to OEMs in Japan, Europe as well as Tier 1 OEM Suppliers (including Company’s subsidiaries for mirrors business). Also, included in the portfolio is designing, development, manufacturing and supplying of interior and exterior modules as well as plastic components to OEMs in India. Rubber and metal parts are also manufactured and supplied to customers in India and exported to Europe.

Business area of the company

Motherson Sumi Systems, including its subsidiaries and JVs is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.

Products and services offered by the company

Wiring Harness- The wiring harness division of Motherson is a full service system supplier with complete in-house design, development and manufacturing capability. It is one of the most vertically integrated business divisions with a product range that promotes technological advancement across both the automotive and non-automotive sectors that it supplies to.

Vision Systems- Motherson is one of the leading global suppliers of vision systems to the automotive industry and the product range includes interior mirrors, exterior mirrors and camera-based detection which it supplies to almost all major OEMs. Vision Systems is aided by strong vertical integration and provides full-service solutions to its customers.

Modules and Polymer Products- The division encompasses the largest business line in Motherson. It develops and produces a highly diversified product range from simple plastic parts to highly integrated systems and modules, supplying to OEMs globally. The group also exhibits capabilities in mould design, tooling and elastomer processing.

Metal Products- The division offers an array of products like cutting and gear cutting tools, cabins for off-highway vehicles, HVAC systems, shock absorbers, metal components and assemblies with varied technologies, sheet metal parts, clutches for car AC compressors as well as coating services to a wide spectrum of industries.

Technology & Software- The division focuses on technology and innovations and sustains the digital foundation of the group’s global operations. It also caters to external clients from different industries globally. This division thinks beyond the current capabilities and has a futuristic approach in understanding industry trends and providing solutions.

Retail and services- The division consists of a wide spectrum of businesses that do business through direct channels like B2B supply, utilising distributor networks and engaging in direct sales and services to the end customers. Most products and services of this division directly support the manufacturing operations of customers.

Aerospace- Motherson offers global solutions to the aerospace industry segment, by providing integrated solutions. This division is an initiative of the group to establish its presence in sectors beyond automotive.

Logistics- The Logistics division of Motherson aims to bring in efficiency, technology and specialisation in the automotive supply chain. It deals with the logistics of finished vehicles in both the groups’ internal supply chain as well as for external customers.

Health and medical- The division is driven by its purpose of positively impacting lives globally by helping people become healthy, and stay healthy. The division works towards realising this by providing products, solutions and services that help people manage and improve their health, and enable people to access affordable care of the highest quality.

Awards

Daimler

  • Supplier Award (Wiring Harness)
  • Masters of Quality Supplier Award (Wiring Harness)
  • Best Quality Supplier Zero PPM (Wiring Harness)

Jaguar Land Rover

  • Quality Excellence (Vision Systems)

Renault Nissan

  • Quality & Customer Satisfaction (Wiring Harness)

Toyota

  • Zero Defect Supplies Zero PPM (Wiring Harness)
  • Achieving Targets Delivery
  • Achieving Target Quality
  • Zero Defect Supplies Zero PPM
  • Achieving Targets Quality (Vision Systems)
  • Achieving Targets Delivery (Vision Systems)
  • Quality Performance Award (Vision Systems)
  • Achieving Targets Quality (Modules & Polymer)
  • Achieving Targets Delivery (Modules & Polymer)

Honda

  • Kaizen Award Productivity Category (Wiring Harness)
  • Customer Satisfaction and Quality (Wiring Harness)
  • Certificate of Appreciation (Vision Systems)
  • Certificate of Excellence Quality, Cost & Delivery (Vision Systems)

Hyundai

  • Quality 5 Star (Vision Systems)
  • New Product Development (Vision Systems)

Volvo

  • VQE Quality Excellence (Vision Systems)

JAC Group

  • Best Quality Contribution Award (Wiring Harness)

Tata Motors

  • Quality Improvement for Proto Supplies (Wiring Harness)
  • Energy Champion Award (Wiring Harness)

MCI

  • Silver Perfoming Award (Wiring Harness)
  • SPM Leaders Award (Wiring Harness)

Foton Group

  • Quality Gold Award (Wiring Harness)
  • Excellence Partner Award (Wiring Harness)
  • Best Quality Award (Wiring Harness)

JMC Group

  • Excellence Development Partner Award (Wiring Harness)

Ashok Leyland

  • Best Supplier Award (Wiring Harness)
  • Best Poka Yoke (Wiring Harness)

Volvo Eicher

  • Best Supplier New Product Development (Wiring Harness)
  • Achieving Excellence Partner-Level Recognition (Wiring Harness)

Milestones

1975-1982

  • Motherson founded in Delhi, India.
  • First cable factory launches a new direction for the family firm.

1983-1986

  • First automotive component (wiring harness) produced in India Maruti Suzuki.
  • Motherson Sumi Systems Ltd. established in joint venture with Sumitomo Wiring Systems..

1987-1998

  • First wiring harnesses for commercial vehicles Tata.
  • The flagship company of the Group, Motherson Sumi Systems Ltd. (MSSL) listed on Indian stock exchanges.
  • First partnership with a luxury automotive brand Mercedes.
  • First parts for models exported from India Hyundai.
  • First collaboration with a US automaker Ford.

1999-2007

  • First overseas office in Graz, Austria.
  • 5-year plan announced publicly for the first time.
  • First partnership in the off-road segment Caterpillar.
  • First acquisition by Motherson Group I Wexford Electronics.
  • First overseas plant in Sharjah, UAE.
  • First Motherson operation in Europe Ford.
  • European headquarters opened in Germany.

2008-2020

  • Acquisition of Visiocorp (rearview mirror business), SMR established.
  • Peguform acquisition, SMP established.
  • Acquisition of wiring harness division of Stoneridge Inc, entering CV segment in USA.
  • PKC acquisition, leadership position in Amercian, European and Chinese CV market.
  • Reydel acquisition, closer relations with French OEMs.
  • Acquisition of Bombardier’s UK rolling stock electrical component business.
  • Motherson Sumi Systems has incorporated a wholly owned subsidiary namely, Motherson Sumi Wiring India (MSWIL) on July 2, 2020 for manufacturing of wiring harness.
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