BSE: 543498 | NSE: MSUMI | Steel & Iron Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Motherson Sumi Wiring India Ltd is a average quality company.
The key valuation ratios of Motherson Sumi Wiring India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Motherson Sumi Wiring India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 68.1% | 61.2% | 53.4% | 56.4% | - |
| Value Creation Index ⓘ | 5.1 | 4.4 | 3.8 | 4.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 3,938 | 5,635 | 7,068 | 8,328 | 8,806 |
| Sales YoY Gr. | - | 43.1% | 25.4% | 17.8% | - |
| Adj EPS ⓘ | 5,450 | 1 | 1.1 | 1.4 | 1.5 |
| YoY Gr. | - | -100% | 11.1% | 30.9% | - |
| BVPS (₹) ⓘ | -2.1 | 2.5 | 3 | 3.8 | 3.7 |
| Adj Net Profit ⓘ | 382 | 440 | 487 | 638 | 659 |
| Cash Flow from Ops. ⓘ | 11.4 | 501 | 224 | 791 | - |
| Debt/CF from Ops. ⓘ | 7.2 | 0 | 0.4 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 28.4% | 17.8% | ||||
| Adj EPS ⓘ | NA | NA | -93.6% | 30.9% | ||||
| BVPSⓘ | NA | NA | NA | 25.9% | ||||
| Share Price | - | - | - | -0.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 53.8 | 48.2 | 39.8 | 42.5 | 40 |
| Op. Profit Mgn % ⓘ | 14.1 | 13 | 11.2 | 12.2 | 11.8 |
| Net Profit Mgn % ⓘ | 9.7 | 7.8 | 6.9 | 7.7 | 7.5 |
| Debt to Equity ⓘ | -272.7 | 0 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 108 | 103 | 97 | 49 |
| Cash Conv. Cycle ⓘ | 0 | 38 | 40 | 42 | 22 |
Sales growth is growing at healthy rate in last 3 years 28.36%
Sales growth is good in last 4 quarters at 18.29%
Return on Equity has declined versus last 3 years average to 40.00%
Net Profit has been subdued in last 3 years -93.58%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.5 | - |
| TTM Sales (₹ Cr.) | 8,806 | - |
| BVPS (₹.) ⓘ | 3.7 | - |
| Reserves (₹ Cr.) ⓘ | 1,536 | - |
| P/BV ⓘ | 16.38 | - |
| PE ⓘ | 40.14 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 59.10 / 80.00 |
| All Time Low / High (₹) | 40.46 / 80.00 |
| Market Cap (₹ Cr.) | 26,500 |
| Equity (₹ Cr.) | 442.1 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 22.2 |
| Pledged * | 19.24 | 19.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 3,938 | 5,635 | 7,068 | 8,328 |
| Operating Expenses ⓘ | 3,385 | 4,905 | 6,276 | 7,315 |
| Manufacturing Costs | 111 | 164 | 232 | 246 |
| Material Costs | 2,511 | 3,609 | 4,632 | 5,454 |
| Employee Cost | 654 | 946 | 1,183 | 1,355 |
| Other Costs ⓘ | 109 | 185 | 229 | 260 |
| Operating Profit ⓘ | 553 | 730 | 792 | 1,013 |
| Operating Profit Margin (%) | 14.0% | 13.0% | 11.2% | 12.2% |
| Other Income ⓘ | 24 | 30 | 12 | 7 |
| Interest ⓘ | 7 | 29 | 28 | 27 |
| Depreciation ⓘ | 37 | 106 | 124 | 147 |
| Exceptional Items ⓘ | 0 | -65 | 0 | 0 |
| Profit Before Tax ⓘ | 532 | 561 | 652 | 846 |
| Tax ⓘ | 136 | 150 | 165 | 207 |
| Profit After Tax | 396 | 411 | 487 | 638 |
| PAT Margin (%) | 10.1% | 7.3% | 6.9% | 7.7% |
| Adjusted EPS (₹) | 2,830.0 | 0.9 | 1.1 | 1.4 |
| Dividend Payout Ratio (%) | 0% | 65% | 59% | 55% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0 | 1,115 | 1,331 | 1,677 | ||||||
| Share Capital ⓘ | 0 | 316 | 442 | 442 | ||||||
| Reserves ⓘ | 0 | 799 | 888 | 1,235 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 82 | 0 | 82 | 9 | ||||||
| Long Term Debt | 14 | 0 | 8 | 9 | ||||||
| Short Term Debt | 68 | 0 | 74 | 0 | ||||||
| Trade Payables | 752 | 913 | 926 | 925 | ||||||
| Others Liabilities ⓘ | 930 | 494 | 519 | 479 | ||||||
| Total Liabilities ⓘ | 1,764 | 2,521 | 2,857 | 3,089 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 415 | 781 | 1,037 | 1,194 | ||||||
| Accumulated Depreciation | 245 | 349 | 458 | 594 | ||||||
| Net Fixed Assetsⓘ | 170 | 432 | 579 | 600 | ||||||
| CWIP ⓘ | 0 | 32 | 27 | 24 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 799 | 960 | 1,210 | 1,140 | ||||||
| Trade Receivables | 675 | 659 | 800 | 896 | ||||||
| Cash Equivalents | 37 | 293 | 37 | 268 | ||||||
| Others Assetsⓘ | 83 | 144 | 204 | 162 | ||||||
| Total Assets ⓘ | 1,764 | 2,521 | 2,857 | 3,089 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 11 | 501 | 224 | 791 |
| PBT ⓘ | 532 | 626 | 652 | 846 |
| Adjustment ⓘ | 39 | 132 | 141 | 166 |
| Changes in Working Capital ⓘ | -445 | 4 | -392 | -3 |
| Tax Paid ⓘ | -114 | -196 | -178 | -217 |
| Cash Flow From Investing Activity ⓘ | -28 | -101 | -194 | -208 |
| Capex | -28 | -101 | -198 | -111 |
| Net Investments | 0 | 0 | 0 | -100 |
| Others ⓘ | 0 | 0 | 4 | 3 |
| Cash Flow From Financing Activityⓘ | 25 | -144 | -287 | -452 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -31 | 0 | 0 | 0 |
| Interest Paid ⓘ | -4 | -31 | -27 | -27 |
| Dividend Paid ⓘ | 0 | 0 | -268 | -287 |
| Others ⓘ | 61 | -113 | 8 | -139 |
| Net Cash Flow ⓘ | 8 | 256 | -257 | 131 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 73.71 | 39.83 | 42.45 | ||||||
| ROCE (%) | N/A | 61.22 | 53.41 | 56.35 | ||||||
| Asset Turnover Ratio | 2.23 | 2.63 | 2.63 | 2.8 | ||||||
| PAT to CFO Conversion(x) | 0.03 | 1.22 | 0.46 | 1.24 | Working Capital Days | |||||
| Receivable Days | 63 | 43 | 38 | 37 | ||||||
| Inventory Days | 74 | 57 | 56 | 51 | ||||||
| Payable Days | 109 | 84 | 72 | 62 | ||||||
Motherson Sumi Wiring India is a leading and fast-growing full-system solutions provider to OEMs, in the wiring harness segment in India. The company was established as a result of the demerger of the wiring harness business of India from its parent company Motherson Sumi Systems Limited (MSSL). This step also helped the company to streamline and enhance focus on the wiring harness business in India and better equipped the company to meet the current and future needs of the customers in India. Motherson Sumi Wiring India Limited enjoys a product profile that benefits from favourable industry trends of premiumization, leading to an increase in electrification in automobiles and supports existing and future automotive themes.
Business area of the company
The company is a joint venture with Sumitomo Wiring Systems Ltd., a global leader in the manufacture of wiring harnesses, harness components, and other electric wires. The company is a full system solutions provider to its customers and is equipped to cater to their requirements in every step of the supply chain from the initial product design and validation, through tool design and manufacturing, finishing, and processing, assembly, production of integrated cutting edge Electrical & Electronic Distribution Systems for the power supply or data transfer across vehicles to sequencing in-line supplies.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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