Motherson Sumi Wiring India Ltd
MSUMI NSE
Motherson Sumi Wiring India Ltd
AutomobilesNSE: MSUMI BSE: 543498 Auto Components
Key Fundamentals
SmallcapAuto ComponentsAutomobilesMarket Cap
₹26,785 Cr
Volatility
Moderate
P/E Ratio
42.44
EBITDA
₹1,064 Cr
Return on Equity
28.92%
Debt to Equity
0.11
Book Value
₹3.26
EPS
₹1.5
52W High
₹53.59
52W Low
₹35.7
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Motherson Sumi Wiring India Ltd insights
37 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.5%
- Company has been maintaining a healthy dividend payout of 47.5%
Weaknesses
2- Stock is trading at 12.4 times its book value
- Debtor days have increased from 49.3 to 59.9 days.
Growth Rate
Revenue Growth
23.03% ↗
Net Income Growth
3.19% ↗
Cash Flow Change
108.69% ↗
ROE
-18.95% ↘
ROCE
-17.87% ↘
EBITDA Margin (Avg.)
-14.25% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk medium
Motherson Sumi Wiring India Ltd trades at a market cap of ₹27,124 Cr with a PE of 42.6x and a 3-year ROE of 36%. The company has delivered 29% TTM sales growth but profit growth has lagged at 5% TTM, while the stock trades at 12.4x book value.
Bull Case 7
- Strong 3-year ROE of 36% and 5-year ROE of 41%, indicating efficient capital deployment
- TTM revenue growth of 29% demonstrates robust top-line momentum in the auto wiring harness segment
- Healthy dividend payout ratio of 47.5% with a current dividend yield of 1.43%, providing income to shareholders
- Compounded sales CAGR of 18% over 3 years and 24% over 5 years shows consistent long-term revenue expansion
- Compounded profit CAGR of 10% over 5 years reflects sustained earnings growth over a longer horizon
- Market expects a good upcoming quarter, suggesting near-term earnings tailwinds from auto production recovery
- Last year ROE of 32% remains well above cost of equity, indicating continued value creation
Bear Case 7
- PE of 42.6x is significantly above the broader market average, leaving limited margin of safety if growth slows
- Price-to-book of 12.4x is elevated, pricing in substantial future growth that must be delivered consistently
- TTM profit growth of only 5% versus TTM sales growth of 29% indicates margin compression or rising costs
- Debtor days have increased from 49.3 to 59.9 days, signaling deterioration in working capital efficiency
- Stock CAGR of just 1% over 3 years suggests the market has not rewarded shareholders despite business growth
- Compounded profit CAGR of 9% over 3 years lags the 18% sales CAGR over the same period, indicating profit conversion weakness
- 1-year stock CAGR of 7% underperforms the broader Indian market indices, reflecting muted investor sentiment
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Headwinds 1
- Margin pressure from input costs Aug 4
EBITDA margin compressed as higher copper prices and wage revisions limited EBITDA growth to just 6% and PAT growth to 1% despite 37% revenue surge in Q1FY27.
Positives 2
- Revenue surges 37% in Q1FY27 Aug 4
Revenue jumped 37% YoY to ₹3,407-3,413 crore in Q1FY27, significantly outpacing industry growth with consistent profitability (PAT ₹145 crore).
- Dividend declared, new director appointed Jul 28
AGM on July 28 approved ₹0.58 per share dividend for FY26, appointed Ryuji Sakai as Director, and cleared related-party transactions.
Neutral 2
- Investor meets in Singapore & Mumbai Aug 5
Management participating in Nuvama India Conference in Singapore (Aug 11) and Emkay Confluence 2026 in Mumbai (Aug 12) for investor interactions.
- Q1FY26 earnings call audio available Aug 4
Audio recording of Q1 earnings call (quarter ended June 30, 2026) uploaded to investor relations website; conference call held on August 4, 2026.
TL;DR: Motherson Sumi Wiring is delivering strong top-line growth with Q1 revenue up 37% YoY to ~₹3,407 crore, outpacing the broader auto components sector. However, margin pressure from elevated copper costs and wage revisions is capping profitability gains, with PAT growing just 1%. The company maintains shareholder returns via dividends and active investor engagement. The key forward watch is whether management can recover margins through price pass-throughs while sustaining volume momentum.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,859 | 2,109 | 2,115 | 2,233 | 2,185 | 2,326 | 2,300 | 2,510 | 2,494 | 2,762 | 2,887 | 3,335 | 3,407 |
| Expenses | 1,665 | 1,856 | 1,853 | 1,941 | 1,946 | 2,076 | 2,063 | 2,238 | 2,250 | 2,482 | 2,625 | 3,061 | 3,149 |
| Operating Profit | 194 | 253 | 262 | 291 | 239 | 250 | 238 | 271 | 244 | 280 | 262 | 274 | 258 |
| OPM % | 10% | 12% | 12% | 13% | 11% | 11% | 10% | 11% | 10% | 10% | 9% | 8% | 8% |
| Other Income | 14 | 1 | 1 | 4 | 5 | 5 | 1 | 2 | 1 | 1 | 1 | 1 | 5 |
| Interest | 8 | 7 | 6 | 6 | 5 | 7 | 7 | 6 | 6 | 6 | 7 | 6 | 8 |
| Depreciation | 34 | 36 | 38 | 39 | 40 | 44 | 47 | 48 | 49 | 53 | 56 | 57 | 60 |
| PBT | 166 | 210 | 219 | 250 | 198 | 203 | 185 | 220 | 190 | 221 | 200 | 212 | 195 |
| Tax % | 26% | 26% | 23% | 24% | 25% | 25% | 24% | 25% | 25% | 25% | 25% | 21% | 26% |
| Net Profit | 123 | 156 | 168 | 191 | 149 | 152 | 140 | 165 | 143 | 165 | 149 | 167 | 145 |
| EPS in Rs | 0.19 | 0.24 | 0.25 | 0.29 | 0.22 | 0.23 | 0.21 | 0.25 | 0.22 | 0.25 | 0.23 | 0.25 | 0.22 |
Profit & Loss
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 3,938 | 5,635 | 7,068 | 8,327 | 9,319 | 11,478 | 12,391 |
| Expenses | 3,385 | 4,905 | 6,276 | 7,315 | 8,323 | 10,417 | 11,316 |
| Operating Profit | 553 | 730 | 792 | 1,012 | 996 | 1,060 | 1,074 |
| OPM % | 14% | 13% | 11% | 12% | 11% | 9% | 9% |
| Other Income | 24 | -35 | 12 | 8 | 13 | 4 | 8 |
| Interest | 7 | 28 | 28 | 27 | 25 | 26 | 28 |
| Depreciation | 37 | 106 | 124 | 147 | 179 | 216 | 227 |
| PBT | 532 | 561 | 652 | 846 | 806 | 822 | 828 |
| Tax % | 26% | 27% | 25% | 25% | 25% | 24% | — |
| Net Profit | 396 | 411 | 487 | 638 | 606 | 625 | 627 |
| EPS in Rs | — | 0.62 | 0.73 | 0.96 | 0.91 | 0.94 | 0.95 |
| Div. Payout % | 0% | 65% | 59% | 55% | 26% | 62% | — |
Balance Sheet
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.1 | 316 | 442 | 442 | 442 | 663 |
| Reserves | 0 | 799 | 888 | 1,235 | 1,256 | 1,498 |
| Borrowings | 96 | 283 | 373 | 259 | 269 | 233 |
| Other Liabilities | 1,693 | 1,164 | 1,195 | 1,203 | 1,761 | 2,351 |
| Total Liabilities | 1,789 | 2,562 | 2,898 | 3,139 | 3,729 | 4,746 |
| Fixed Assets | 170 | 432 | 579 | 600 | 691 | 779 |
| CWIP | 0 | 32 | 27 | 24 | 37 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1,620 | 2,097 | 2,292 | 2,516 | 3,002 | 3,965 |
| Total Assets | 1,789 | 2,562 | 2,898 | 3,139 | 3,729 | 4,746 |
Cash Flow
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Operating | 11 | 501 | 224 | 791 | 365 | 761 |
| Investing | -28 | -101 | -194 | -208 | -60 | -200 |
| Financing | 25 | -144 | -287 | -452 | -457 | -510 |
| Net Cash Flow | 8 | 256 | -257 | 131 | -153 | 52 |
| Free Cash Flow | -17 | 400 | 26 | 680 | 194 | 561 |
| CFO/OP | 23 | 95 | 51 | 100 | 56 | 92 |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 43 | 41 | 39 | 49 | 60 |
| Inventory Days | 116 | 97 | 95 | 76 | 77 | 82 |
| Days Payable | 109 | 92 | 73 | 62 | 71 | 93 |
| Cash Conversion Cycle | 69 | 47 | 64 | 54 | 55 | 48 |
| Working Capital Days | 49 | 31 | 42 | 39 | 32 | 44 |
| ROCE % | — | 88% | 44% | 48% | 43% | 39% |
Documents
1
Clarification sought from Motherson Sumi Wiring India Ltd
1d - Exchange sought clarification from Motherson Sumi Wiring India Ltd on June 29, 2026, regarding the movement in volume. 1d - Exchange sought clarification from Motherson Sumi Wiring India Ltd on June 29, 2026, regarding the movement in volume.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company confirms it does not qualify as a Large Corporate under SEBI circulars. 30 Apr - Company confirms it does not qualify as a Large Corporate under SEBI circulars.
3
Announcement under Regulation 30 (LODR)-Change in Directorate
28 Apr - Yuichi Shimizu resigned; Ryuji Sakai appointed Additional Director effective April 28, 2026. 28 Apr - Yuichi Shimizu resigned; Ryuji Sakai appointed Additional Director effective April 28, 2026.
4
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Apr - Audio of the April 28, 2026 earnings call uploaded for FY26 audited results. 28 Apr - Audio of the April 28, 2026 earnings call uploaded for FY26 audited results.
Frequently Asked Questions about Motherson Sumi Wiring India Ltd
What does Motherson Sumi Wiring India Ltd do?
Motherson Sumi Wiring India, a JV between Sumitomo Wiring System and Motherson Group, is a market leader in the Indian wiring harness industry with a market share of over 40%.[1]
Where is Motherson Sumi Wiring India Ltd (MSUMI) listed?
Motherson Sumi Wiring India Ltd is listed on the Indian stock exchanges. It is listed on NSE: MSUMI and BSE: 543498. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Motherson Sumi Wiring India Ltd belong to?
Motherson Sumi Wiring India Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Motherson Sumi Wiring India Ltd?
Motherson Sumi Wiring India Ltd has a market capitalisation of approximately ₹26785.28 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Motherson Sumi Wiring India Ltd?
The Price-to-Earnings (PE) ratio of Motherson Sumi Wiring India Ltd is 42.44. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Motherson Sumi Wiring India Ltd?
Over the past 52 weeks, Motherson Sumi Wiring India Ltd has traded between a low of ₹35.7 and a high of ₹53.59. This range helps investors understand the stock's price volatility and recent trading levels.
Does Motherson Sumi Wiring India Ltd pay dividends?
Yes, Motherson Sumi Wiring India Ltd has a dividend yield of 1.44%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Motherson Sumi Wiring India Ltd?
Motherson Sumi Wiring India Ltd has a Return on Equity (ROE) of 28.92%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Motherson Sumi Wiring India Ltd on Tapetide?
On Tapetide, you can view Motherson Sumi Wiring India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Motherson Sumi Wiring India, a JV between Sumitomo Wiring System and Motherson Group, is a market leader in the Indian wiring harness industry with a market share of over 40%.[1]