Samvardhana Motherson International logo

Samvardhana Motherson International

MOTHERSON NSE

Key Fundamentals

LargecapAuto ComponentsAutomobiles
Market Cap
1.7L Cr
Volatility
Moderate
P/E Ratio
37.84
EBITDA
₹12,213 Cr
Return on Equity
9.36%
Debt to Equity
0.47
Book Value
₹39.09
EPS
₹4.75
52W High
₹173.27
52W Low
₹101.01

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

2
  • Company has delivered good profit growth of 31.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 17.4%

Weaknesses

3
  • Stock is trading at 4.04 times its book value
  • Company has a low return on equity of 11.6% over last 3 years.
  • Promoter holding has decreased over last 3 years: -16.2%

Growth Rate

Revenue Growth
10.68% lower than 3Y
Net Income Growth
-1.45% lower than 3Y
Cash Flow Change
79.5% higher than 3Y
ROE
-16.2% lower than 3Y
ROCE
-15.99% lower than 3Y
EBITDA Margin (Avg.)
-0.72% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

Samvardhana Motherson International has a market cap of about ₹1,71,869 Cr. Over the last 5 years, profit has compounded at 32% and sales at 17%, and TTM profit growth is 35%. The stock trades at a P/E of 37.7 and a P/B of 4.16, while return on equity has stayed at about 11-12%. Promoter holding has fallen by 16.2% over the last 3 years, and the dividend yield is 0.37%.

Bull Case 8
  • Profit growth has been strong across recent periods: 40% CAGR over 3 years, 31.9% over 5 years and 35% on a TTM basis.
  • Sales have grown at 17% CAGR over both 3 and 5 years, with 14% TTM growth, which points to steady growth rather than a one-off spike.
  • Profit has grown much faster than sales (40% vs 17% over 3 years, 35% vs 14% TTM), which suggests margins have been improving.
  • Measured against 35% TTM profit growth, the P/E of 37.7 gives an implied PEG ratio of about 1.1. On that basis the valuation is closer to growth-adjusted norms than the headline multiple suggests.
  • The stock has returned 57% over 1 year and 37% CAGR over 3 years, which shows strong recent market momentum.
  • ROE has edged up from a 5-year average of 10% to a 3-year average of 12%, a gradual improvement in capital efficiency.
  • The company keeps a dividend payout of 17.4%, returning cash to shareholders while keeping most earnings for reinvestment.
  • At a market cap of about ₹1,71,869 Cr, it is one of the largest listed auto-component companies in India, which gives it scale and index/institutional relevance.
Bear Case 8
  • ROE is low: 11.6% over 3 years and 11% last year, likely near or below the typical cost of equity for Indian equities.
  • A P/B of 4.16 alongside ROE of about 11% means investors pay over 4x book value for returns on book of about 11%, an implied return on price of only about 2.6-2.7%.
  • A P/E of 37.7 is an earnings yield of about 2.65%, which leaves little room if profit growth slows from the current 35% TTM pace.
  • Promoter holding has fallen by 16.2% over the last 3 years, a significant reduction in promoter stake.
  • Over 10 years, profit CAGR is 13%, exactly matching 10-year sales CAGR of 13%. This suggests the recent 32-40% profit growth may partly reflect recovery from a low base rather than a permanent structural change.
  • Long-term stock returns are more modest: 12% CAGR over 10 years and 14% over 5 years. The 57% one-year rally may have already priced in much of the recent earnings improvement.
  • Sales growth has slowed to 14% TTM from a 17% 3-year CAGR, and auto components are exposed to cyclical global vehicle demand.
  • The dividend yield is 0.37%, which gives little income support. The debt-to-equity figure is not in the dataset, so leverage from the company's acquisition-led growth can't be checked here.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Headwinds 2
  • Indonesia tax penalty IDR 14.94B Sep 16

    Indirect subsidiary PT. Atsumitec Indonesia was fined IDR 14.94 billion (about INR 81.25 million) after FY21 royalty payments were disallowed. The period predates Motherson's acquisition of the group, which limits how much this reflects on current management, but it still adds to compliance costs at acquired entities.

  • Michigan tax fine on SMR Sep 13

    US subsidiary SMR Automotive Systems was fined USD 48,432 by the Michigan Treasury for underpaying corporate income tax. The company says there is no material financial impact.

Positives 3
  • Rotary Connectors deal boosts aerospace Sep 21

    SMAST will buy a 50.1% stake in Rotary Connectors at a ₹5,004 crore enterprise value, all in cash, to scale Motherson's Aerospace and Defence EWIS business. The target's turnover rose from ₹752 million in FY24 to ₹1,235 million in FY26 (about 64% growth), and closing is expected by Q4 FY27, subject to conditions precedent.

  • New US supply chain subsidiary Sep 23

    Motherson incorporated MH Supply Chain Limited in Delaware, USA, as a wholly owned subsidiary offering supply chain solutions to the automotive sector. This widens its service offering in the US market.

  • Investor meetings and Japan roadshow Sep 17

    Analyst and institutional investor meetings were scheduled for Sep 22-24, 2026, followed by a non-deal roadshow in Japan on Sep 28. This is active outreach to investors, including Japanese OEM-linked capital.

Neutral 2
  • ₹300 crore CP at 6.25% Sep 26

    Motherson issued ₹300 crore of unsecured commercial paper at 6.25% with a 64-day tenure, maturing Nov 27, 2026. The competitive rate suggests healthy short-term funding access, and the issue may help with liquidity needs around acquisitions.

  • AES India 26% stake exited Sep 24

    Samvardhana Motherson Innovative Solutions completed the sale of its 26% stake in JV AES India to T-NET Japan on Sep 24, 2026. This is a minor portfolio clean-up with limited financial impact.

TL;DR: Motherson is diversifying beyond auto components. The Rotary Connectors deal deepens its push into Aerospace and Defence, and the new Delaware entity expands its US supply chain business, while 6.25% CP pricing points to comfortable funding access. On the risk side, the ₹5,004 crore EV is high against the target's ₹1,235 million turnover, which raises execution and valuation risk, and two tax penalties in Indonesia and Michigan are small but point to compliance issues at overseas subsidiaries. Overall the trend is steady to improving, and the main things to watch are integration of the deal by Q4 FY27 and investor feedback from the Japan roadshow.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
22,462
23,474
25,644
27,058
28,868
27,812
27,666
29,317
30,212
30,173
31,409
34,309
35,244
Expenses
20,538
21,585
23,273
24,124
26,093
25,364
24,980
26,674
27,754
27,562
28,366
30,519
32,148
Operating Profit
1,925
1,889
2,370
2,935
2,775
2,448
2,686
2,643
2,458
2,611
3,043
3,791
3,096
OPM %
9%
8%
9%
11%
10%
9%
10%
9%
8%
9%
10%
11%
9%
Other Income
76
-10
117
161
179
443
214
248
68
231
145
36
254
Interest
253
488
620
450
444
546
466
426
425
387
341
472
459
Depreciation
839
867
1,016
1,088
1,065
1,103
1,112
1,214
1,230
1,218
1,321
1,365
1,358
PBT
909
523
851
1,557
1,445
1,242
1,322
1,252
872
1,237
1,527
1,989
1,533
Tax %
29%
44%
26%
7%
24%
24%
26%
11%
30%
32%
30%
22%
30%
Net Profit
648
294
633
1,444
1,097
949
984
1,115
606
846
1,072
1,562
1,076
EPS in Rs
0.59
0.2
0.53
1.35
0.98
0.83
0.83
1
0.48
0.78
0.97
1.42
0.98
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
34,661
37,216
42,376
56,303
63,523
60,729
57,370
63,536
78,701
98,692
1,13,663
1,26,104
1,31,135
Expenses
31,817
33,668
38,204
51,174
58,174
56,075
53,000
59,060
72,537
89,370
1,02,903
1,13,980
1,18,595
Operating Profit
2,844
3,548
4,171
5,128
5,348
4,654
4,370
4,476
6,164
9,322
10,760
12,124
12,541
OPM %
8%
10%
10%
9%
8%
8%
8%
7%
8%
9%
9%
10%
10%
Other Income
212
177
346
125
333
642
568
813
158
140
877
259
666
Interest
318
345
375
411
423
593
512
543
781
1,811
1,882
1,624
1,658
Depreciation
921
1,087
1,059
1,575
2,058
2,721
2,926
2,958
3,136
3,810
4,493
5,134
5,262
PBT
1,817
2,293
3,083
3,267
3,200
1,983
1,500
1,788
2,405
3,840
5,261
5,625
6,286
Tax %
29%
23%
30%
31%
34%
35%
-5%
34%
31%
21%
21%
27%
—
Net Profit
1,292
1,774
2,172
2,260
2,098
1,294
1,569
1,182
1,670
3,020
4,146
4,086
4,555
EPS in Rs
1.29
1.93
2.19
2.25
2.27
1.65
1.46
0.86
1.47
2.67
3.6
3.66
4.15
Div. Payout %
31%
26%
18%
30%
29%
40%
46%
34%
29%
20%
16%
16%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
88
132
140
210
316
316
316
452
678
678
704
1,055
Reserves
3,236
4,265
8,132
9,674
10,647
10,945
12,245
20,136
21,774
25,477
34,177
39,924
Borrowings
5,131
6,069
10,349
10,374
11,534
13,136
11,930
14,130
13,792
19,922
17,222
19,170
Other Liabilities
8,971
9,199
13,322
16,716
20,257
20,636
23,258
21,008
25,086
38,101
39,768
49,276
Total Liabilities
17,425
19,665
31,944
36,974
42,754
45,033
47,749
55,726
61,330
84,178
91,870
1,09,426
Fixed Assets
6,129
7,147
12,193
14,712
18,423
20,750
20,099
21,411
23,147
30,122
33,181
38,498
CWIP
956
1,397
1,935
2,585
1,067
852
877
1,310
1,478
2,498
2,646
4,094
Investments
65
590
474
792
855
796
846
6,462
6,290
6,521
6,600
7,238
Other Assets
10,276
10,531
17,343
18,885
22,409
22,635
25,926
26,543
30,415
45,037
49,444
59,596
Total Assets
17,425
19,665
31,944
36,974
42,754
45,033
47,749
55,726
61,330
84,178
91,870
1,09,426
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
3,390
2,188
3,800
3,264
4,312
6,352
5,051
2,463
4,643
7,569
6,286
11,284
Investing
-2,844
-1,906
-6,145
-3,194
-3,318
-2,220
-1,886
-2,304
-2,248
-6,644
-4,836
-6,136
Financing
494
-263
5,518
-2,221
-225
-2,803
-2,098
-1,217
-2,734
1,281
-2,551
-3,275
Net Cash Flow
1,040
19
3,172
-2,152
769
1,329
1,068
-1,059
-339
2,205
-1,101
1,873
Free Cash Flow
1,551
258
1,021
233
1,627
4,158
3,119
26
2,460
3,559
1,853
5,373
CFO/OP
141
81
111
83
100
160
128
74
89
97
75
107
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
32
46
40
36
35
31
36
38
39
58
56
58
Inventory Days
63
37
44
43
46
52
53
64
63
61
64
68
Days Payable
82
84
103
96
106
104
118
113
114
152
142
152
Cash Conversion Cycle
13
-1
-20
-17
-24
-21
-29
-11
-11
-33
-21
-26
Working Capital Days
-10
-6
-2
-7
-14
-30
-32
-27
-25
-32
-16
-16
ROCE %
25%
24%
21%
18%
15%
8%
6%
6%
9%
14%
14%
13%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Public6.53%Promot.48.60%Others11.35%FIIs12.87%DIIs20.65%As ofJun 2026
2.33% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Samvardhana Motherson International

What does Samvardhana Motherson International Ltd do?
Motherson Sumi Systems is engaged primarily in the manufacturer and sale of components to automotive original equipment manufacturers.[1]
Where is Samvardhana Motherson International Ltd (MOTHERSON) listed?
Samvardhana Motherson International Ltd trades as MOTHERSON on the NSE and under code 517334 on the BSE.
Which sector does Samvardhana Motherson International Ltd belong to?
Samvardhana Motherson International Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of Samvardhana Motherson International Ltd?
Samvardhana Motherson International Ltd has a market capitalisation of ₹1,69,853 Cr, which places it in the Large Cap band.
What is the PE ratio of Samvardhana Motherson International Ltd?
Samvardhana Motherson International Ltd trades at a PE ratio of 37.84, on earnings per share of ₹4.75, against a book value of ₹39.09 per share.
What is the 52-week high and low of Samvardhana Motherson International Ltd?
Over the last 52 weeks Samvardhana Motherson International Ltd has traded between ₹101.01 and ₹173.27.
Does Samvardhana Motherson International Ltd pay dividends?
Samvardhana Motherson International Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Samvardhana Motherson International Ltd?
Samvardhana Motherson International Ltd reported a return on equity of 9.36%. Its debt-to-equity ratio is 0.47.

Company Information

Motherson Sumi Systems is engaged primarily in the manufacturer and sale of components to automotive original equipment manufacturers.[1]

Website motherson.com
CEO Mr. Pankaj K. Mital
Listed 1996-08-14
Face Value ₹ 1
Issued Size 10,55,44,42,601

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