Is Samvardhana Motherson International 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 .

Is Samvardhana Motherson International 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 Fair zone .

What is Samvardhana Motherson International share price return in the past 10 years?

Samvardhana Motherson International Ltd share price has appreciated 9.5% annually (CAGR) over the past ten years.

Is Samvardhana Motherson International a good buy now?

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

What is the P/E ratio of Samvardhana Motherson International?

The latest standalone P/E ratio of Samvardhana Motherson International as of 06-Sep-2024 is 136.41.

What is the P/B ratio of Samvardhana Motherson International?

The latest standalone P/B ratio of Samvardhana Motherson International as of 06-Sep-2024 is 3.96.

What is the 52-week high and low of Samvardhana Motherson International?

The 52-week high of Samvardhana Motherson International is Rs. 208.90 and the 52-week low is Rs. 86.80.

Samvardhana Motherson International Ltd - Stock Valuation and Financial Performance

Name: Samvardhana Motherson International
Brand: Samvardhana Motherson International

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

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SamvardhanaMotherson Share Price

₹187.85 -5.20 -2.69%
as on 06-Sep'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	26.3%	27.9%	23.8%	18.9%	17%	9.7%	7.3%	7%	9.4%	14.5%	-
Value Creation Index ⓘ	1.3	1.5	1.1	0.7	0.5	-0.1	-0.4	-0.4	-0.2	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	34,673	37,216	42,376	56,293	63,523	60,729	57,370	63,774	78,788	98,692	1,04,021
Sales YoY Gr.	-	7.3%	13.9%	32.8%	12.8%	-4.4%	-5.5%	11.2%	23.5%	25.3%	-
Adj EPS ⓘ	2.2	2.9	3.3	3.6	3.3	1.6	1.7	0.7	2.3	4.3	4.6
YoY Gr.	-	32.3%	13.1%	9.1%	-7.5%	-50.9%	4.3%	-60%	236.8%	86.5%	-
BVPS (₹) ⓘ	7.4	9.9	17.5	20.9	23.1	23.8	26.5	30.4	33.1	38.6	40.1
Adj Net Profit ⓘ	984	1,298	1,558	1,701	1,572	772	804	464	1,555	2,892	3,110
Cash Flow from Ops. ⓘ	3,390	2,188	3,800	3,264	4,312	6,352	5,051	2,463	4,643	7,569	-
Debt/CF from Ops. ⓘ	1.5	2.8	2.7	3.2	2.7	1.9	2.1	5.2	2.6	2.3	-

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%
BVPSⓘ	20.1%	10.8%	13.3%	16.5%
Share Price	9.5%	23.3%	10.1%	88.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	31.3	33.6	24.6	18.7	15.1	7	6.8	2.8	7.2	11.9	11.7
Op. Profit Mgn % ⓘ	8.2	9.6	9.8	9.1	8.4	7.7	7.7	7.4	8	9.5	9.3
Net Profit Mgn % ⓘ	4.1	4.8	5.1	4.2	3.2	1.5	2.3	1.2	2.2	3.2	3
Debt to Equity ⓘ	1.6	1.4	1.3	1.1	1.1	1.1	0.9	0.6	0.5	0.7	-
Working Cap Days ⓘ	83	85	92	92	100	110	112	110	106	114	70
Cash Conv. Cycle ⓘ	17	11	1	-3	-4	-5	-7	-1	4	0	-3

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.70%

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 26.00%

No data to display

Latest Financials - Samvardhana Motherson International Ltd.

	Standalone	Consolidated
TTM EPS (₹)	1.4	4.6
TTM Sales (₹ Cr.)	9,010	1,04,021
BVPS (₹.) ⓘ	47.4	40.1
Reserves (₹ Cr.) ⓘ	31,419	26,466
P/BV ⓘ	3.96	4.69
PE ⓘ	136.41	40.92

From the Market
52 Week Low / High (₹)	86.80 / 208.90
All Time Low / High (₹)	0.06 / 208.90
Market Cap (₹ Cr.)	1,27,227
Equity (₹ Cr.)	677.6
Face Value (₹)	1
Industry PE ⓘ	54.8

Management X-Ray of SamvardhanaMotherson:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

11.17

1.12

1.18

1.91

2.32

1.86

2.00

1.98

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

Valuation of SamvardhanaMotherson

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of SamvardhanaMotherson

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	34,673	37,216	42,376	56,293	63,523	60,729	57,370	63,774	78,788	98,692
Operating Expenses ⓘ	31,829	33,668	38,209	51,171	58,175	56,075	53,011	59,075	72,493	89,405
Manufacturing Costs	1,782	1,928	2,084	2,811	3,480	2,766	2,572	3,355	4,774	5,138
Material Costs	21,634	22,411	25,753	34,303	36,738	34,969	32,598	36,736	45,317	54,415
Employee Cost	6,365	7,157	8,091	11,068	14,169	14,373	14,100	15,375	17,931	23,539
Other Costs ⓘ	2,048	2,172	2,281	2,989	3,787	3,967	3,742	3,608	4,470	6,314
Operating Profit ⓘ	2,844	3,548	4,167	5,123	5,348	4,654	4,359	4,699	6,295	9,287
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 ⓘ	376	39	264	170	220	225	229	258	170	188
Interest ⓘ	318	345	375	411	423	593	512	543	781	1,811
Depreciation ⓘ	921	1,087	1,059	1,575	2,058	2,721	2,926	2,958	3,136	3,811
Exceptional Items ⓘ	-165	0	-97	-178	0	0	-62	-48	-100	-250
Profit Before Tax ⓘ	1,817	2,293	3,083	3,267	3,200	1,622	1,173	1,424	2,405	3,840
Tax ⓘ	526	519	910	1,007	1,102	688	-69	607	735	821
Profit After Tax	1,292	1,774	2,172	2,260	2,098	934	1,243	817	1,670	3,020
PAT Margin (%)	3.7%	4.8%	5.1%	4.0%	3.3%	1.5%	2.2%	1.3%	2.1%	3.1%
Adjusted EPS (₹)	1.9	2.9	3.3	3.4	3.4	2.5	2.2	1.3	2.2	4.0
Dividend Payout Ratio (%)	31%	26%	18%	30%	29%	40%	46%	34%	29%	20%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	3,324	4,397	8,273	9,884	10,963	11,261	12,561	20,588	22,452	26,155
Share Capital ⓘ	88	132	140	211	316	316	316	452	678	678
Reserves ⓘ	3,236	4,265	8,132	9,674	10,647	10,945	12,245	20,137	21,774	25,477
Minority Interest	1014	1512	2232	2960	3480	3565	4023	1776	1925	2061
Debt	4,910	5,742	10,142	9,477	10,943	11,669	8,826	11,706	8,831	11,535
Long Term Debt	4,086	4,786	9,444	7,570	8,100	8,261	7,469	8,501	6,618	9,981
Short Term Debt	825	956	698	1,907	2,843	3,408	1,358	3,205	2,213	1,555
Trade Payables	4,864	5,163	7,300	9,026	10,661	10,309	11,141	11,360	14,136	22,617
Others Liabilities ⓘ	3,267	3,402	3,920	5,524	6,671	8,189	10,512	9,691	13,143	20,579
Total Liabilities ⓘ	17,380	20,216	31,867	36,871	42,718	44,993	47,063	55,122	60,487	82,947
Fixed Assets
Gross Block	12,644	8,339	15,464	19,695	25,265	30,523	32,325	36,245	41,525	59,245
Accumulated Depreciation	6,515	1,192	3,361	5,114	6,973	9,893	12,354	15,358	18,878	29,707
Net Fixed Assetsⓘ	6,129	7,147	12,103	14,581	18,292	20,630	19,971	20,887	22,648	29,538
CWIP ⓘ	956	1,397	1,935	2,585	1,067	852	877	1,310	1,478	2,498
Investmentsⓘ	65	532	474	792	855	796	847	6,462	6,290	6,521
Inventories	3,750	2,285	3,072	4,013	4,663	5,157	4,996	6,442	7,823	9,139
Trade Receivables	3,014	4,654	4,655	5,624	6,166	5,178	5,693	6,573	8,514	15,637
Cash Equivalents	1,892	1,772	4,887	2,782	3,547	4,879	5,906	4,999	4,699	6,986
Others Assetsⓘ	1,574	2,430	4,742	6,495	8,127	7,501	8,773	8,449	9,037	12,629
Total Assets ⓘ	17,380	20,216	31,867	36,871	42,718	44,993	47,063	55,122	60,487	82,947

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	3,390	2,188	3,800	3,264	4,312	6,352	5,051	2,463	4,643	7,569
PBT ⓘ	1,817	2,293	3,083	3,129	3,087	2,055	1,528	1,909	2,405	3,840
Adjustment ⓘ	924	1,485	896	2,389	2,371	3,754	3,440	3,465	3,776	5,231
Changes in Working Capital ⓘ	1265	-899	664	-1249	-96	1620	643	-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	-12	73	-165	-1	2	-5	-12	-67	-282
Others ⓘ	-1,014	36	-4,020	2	-624	-48	44	137	5	-2,370
Cash Flow From Financing Activityⓘ	495	-263	5,518	-2,221	-225	-2,803	-2,098	-1,217	-2,734	1,281
Net Proceeds from Shares ⓘ	0	0	2,528	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	2,530	570	3,929	-2,028	-564	-545	1,137	-844	79	5,500
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 ⓘ	-1,420	128	-509	752	1,310	-548	-2,659	825	-1,674	-2,035
Net Cash Flow ⓘ	1,031	19	2,591	-2,152	777	1,309	1,060	-1,067	-336	2,188

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	41.24	46	34.29	24.89	20.13	8.41	10.43	4.93	7.76	12.42
ROCE (%)	26.3	27.9	23.77	18.92	16.95	9.73	7.28	6.95	9.37	14.47
Asset Turnover Ratio	2.16	2.01	1.66	1.64	1.6	1.38	1.25	1.25	1.36	1.38
PAT to CFO Conversion(x)	2.62	1.23	1.75	1.44	2.06	6.8	4.06	3.01	2.78	2.51
Working Capital Days
Receivable Days	32	37	39	33	34	34	35	35	35	45
Inventory Days	36	29	23	23	25	30	32	33	33	31
Payable Days	76	82	88	87	98	109	120	112	103	123

Samvardhana Motherson International Ltd Stock News

Samvardhana Motherson International Ltd FAQs

What is the share price of SamvardhanaMotherson?

Company share prices are keep on changing according to the market conditions. The closing price of SamvardhanaMotherson on 06-Sep-2024 16:01 is ₹187.8.

What is the market cap of SamvardhanaMotherson?

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 06-Sep-2024 16:01 the market cap of SamvardhanaMotherson stood at ₹1,27,227.3.

What is the P/E ratio of SamvardhanaMotherson?

The latest P/E ratio of SamvardhanaMotherson as of 06-Sep-2024 16:01 is 136.4.

What is the P/B ratio of SamvardhanaMotherson?

The latest P/B ratio of SamvardhanaMotherson as of 06-Sep-2024 16:01 is 3.96.

What is the 52-week high and low of SamvardhanaMotherson?

The 52-week high of SamvardhanaMotherson is ₹208.9 and the 52-week low is ₹86.80.

What is the TTM revenue of SamvardhanaMotherson?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SamvardhanaMotherson is ₹9,010 ( 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.