Motherson Sumi Wiring India Ltd - Stock Valuation and Financial Performance

BSE: 543498 | NSE: MSUMI | Steel & Iron Products | Mid Cap

Motherson Sumi Wirin Share Price

65.97 0.68 1.04%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Motherson Sumi Wirin

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Motherson Sumi Wiring India stock performance -

mw4me loader
P/E Ratio (SA):
49.83
Market Cap:
29,166.1 Cr.
52-wk low:
45.9
52-wk high:
74.8

Is Motherson Sumi Wiring India Ltd an attractive stock to invest in?

1. Is Motherson Sumi Wiring India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Motherson Sumi Wiring India Ltd is a average quality company.

2. Is Motherson Sumi Wiring India Ltd undervalued or overvalued?

The key valuation ratios of Motherson Sumi Wiring India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Motherson Sumi Wiring India Ltd a good buy now?

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.

10 Year X-Ray of Motherson Sumi Wirin:

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.
Motherson Sumi Wiring India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'21Mar'22Mar'23TTM
ROCE % 48.9%47.7%39.2%-
Value Creation
Index
3.33.22.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,9385,6357,0577,912
Sales YoY Gr.-43.1%25.2%-
Adj EPS 5,45011.11.3
YoY Gr.--100%9.1%-
BVPS (₹) -2.12.533.4
Adj Net
Profit
382440479584
Cash Flow from Ops. 11.4501224-
Debt/CF from Ops. 7.200.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA25.2%
Adj EPS NANANA9.1%
BVPSNANANA19.4%
Share Price - - - 39.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'21Mar'22Mar'23TTM
Return on
Equity %
53.848.239.241.4
Op. Profit
Mgn %
14.11311.111.5
Net Profit
Mgn %
9.77.86.87.4
Debt to
Equity
-272.700.1-
Working Cap
Days
010810349
Cash Conv.
Cycle
0384019

Recent Performance Summary

Sales growth is good in last 4 quarters at 16.20%

Return on Equity has declined versus last 3 years average to 41.40%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Motherson Sumi Wiring India Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 -
TTM Sales (₹ Cr.) 7,912 -
BVPS (₹.) 3.4 -
Reserves (₹ Cr.) 1,042 -
P/BV 19.65 -
PE 49.83 -
From the Market
52 Week Low / High (₹) 45.87 / 74.80
All Time Low / High (₹) 40.46 / 74.80
Market Cap (₹ Cr.) 29,166
Equity (₹ Cr.) 442.1
Face Value (₹) 1
Industry PE 25.1

Management X-Ray of Motherson Sumi Wirin:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *19.2419.2419.240.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Motherson Sumi Wirin

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Sales3,9385,6357,057
Operating Expenses 3,3854,9056,276
Manufacturing Costs111164232
Material Costs2,5113,6094,632
Employee Cost 6549461,183
Other Costs 109185229
Operating Profit 553730781
Operating Profit Margin (%) 14.0%13.0%11.1%
Other Income 243022
Interest 72928
Depreciation 37106124
Exceptional Items 0-650
Profit Before Tax 532561652
Tax 136150165
Profit After Tax 396411487
PAT Margin (%) 10.1%7.3%6.9%
Adjusted EPS (₹)2,830.00.91.1
Dividend Payout Ratio (%)0%65%59%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 01,1151,331
Share Capital 0316442
Reserves 0799888
Minority Interest000
Debt82082
Long Term Debt1408
Short Term Debt68074
Trade Payables752913926
Others Liabilities 930494519
Total Liabilities 1,7642,5212,857

Fixed Assets

Gross Block4157811,037
Accumulated Depreciation245349458
Net Fixed Assets170432579
CWIP 03227
Investments 000
Inventories7999601,210
Trade Receivables675659800
Cash Equivalents 3729337
Others Assets83144204
Total Assets 1,7642,5212,857

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23
Cash Flow From Operating Activity 11501224
PBT 532626652
Adjustment 39132141
Changes in Working Capital -4454-392
Tax Paid -114-196-178
Cash Flow From Investing Activity -28-101-194
Capex -28-101-198
Net Investments 000
Others 004
Cash Flow From Financing Activity 25-144-287
Net Proceeds from Shares 000
Net Proceeds from Borrowing -3100
Interest Paid -4-31-27
Dividend Paid 00-268
Others 61-1138
Net Cash Flow 8256-257
PARTICULARSMar'21Mar'22Mar'23
Ratios
ROE (%)073.7139.83
ROCE (%)68.1461.2253.41
Asset Turnover Ratio2.232.632.62
PAT to CFO Conversion(x)0.031.220.46
Working Capital Days
Receivable Days634338
Inventory Days745756
Payable Days1098472

Motherson Sumi Wiring India Ltd Stock News

Motherson Sumi Wiring India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Motherson Sumi Wirin on 28-Mar-2024 16:01 is ₹65.97.
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 28-Mar-2024 16:01 the market cap of Motherson Sumi Wirin stood at ₹29,166.1.
The latest P/E ratio of Motherson Sumi Wirin as of 28-Mar-2024 16:01 is 49.83.
The latest P/B ratio of Motherson Sumi Wirin as of 28-Mar-2024 16:01 is 19.65.
The 52-week high of Motherson Sumi Wirin is ₹74.80 and the 52-week low is ₹45.87.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Motherson Sumi Wirin is ₹7,912 ( Cr.) .

About Motherson Sumi Wiring India Ltd

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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