MSUMI
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Motherson Sumi Wiring India falls despite profit growth as copper costs weigh on margins
** Shares of Motherson Sumi Wiring India MSWI.NS down 2.2% at 38.4 rupees
** Wiring harnesses manufacturer posts modest 1.2% rise in Q4 profit to 1.67 billion rupees ($17.62 million); firm's margins pressured by higher copper prices through the quarter
** Nomura ("Buy"; reduces PT to 50 rupees) notes that while co has capitalised on strong volume growth, margins have struggled due to delayed pass-through of copper costs and longer-than-expected margin recovery in greenfield plants
** Copper-related margin pressure to ease going forward as copper costs have now stabilized
** Believes greenfield plants should achieve improved profitability in the second half of FY27
** Stock rated as "Buy" on average by 10 analysts; median PT at 50.71 rupees
** YTD, stock 21.6%
($1 = 94.7800 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
** Shares of Motherson Sumi Wiring India MSWI.NS down 2.2% at 38.4 rupees
** Wiring harnesses manufacturer posts modest 1.2% rise in Q4 profit to 1.67 billion rupees ($17.62 million); firm's margins pressured by higher copper prices through the quarter
** Nomura ("Buy"; reduces PT to 50 rupees) notes that while co has capitalised on strong volume growth, margins have struggled due to delayed pass-through of copper costs and longer-than-expected margin recovery in greenfield plants
** Copper-related margin pressure to ease going forward as copper costs have now stabilized
** Believes greenfield plants should achieve improved profitability in the second half of FY27
** Stock rated as "Buy" on average by 10 analysts; median PT at 50.71 rupees
** YTD, stock 21.6%
($1 = 94.7800 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
Motherson Sumi Wiring India Q4 Profit 1.67 Billion Rupees
April 28 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA Q4 PROFIT 1.67 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA Q4 TOTAL REVENUE FROM OPERATIONS 33.35 BILLION RUPEES
Source text: ID:nBSE7ShjST
Further company coverage: MSWI.NS
April 28 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA Q4 PROFIT 1.67 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA Q4 TOTAL REVENUE FROM OPERATIONS 33.35 BILLION RUPEES
Source text: ID:nBSE7ShjST
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Dec-Quarter Profit 1.49 Billion Rupees
Jan 30 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA DEC-QUARTER PROFIT 1.49 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 28.87 BILLION RUPEES
Further company coverage: MSWI.NS
Jan 30 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA DEC-QUARTER PROFIT 1.49 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 28.87 BILLION RUPEES
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Appoints Gulshan As CFO
July 2 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA LTD - APPOINTS GULSHAN AS CFO EFFECTIVE JULY 2, 2025
Source text: ID:nBSE21wXyP
Further company coverage: MSWI.NS
July 2 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA LTD - APPOINTS GULSHAN AS CFO EFFECTIVE JULY 2, 2025
Source text: ID:nBSE21wXyP
Further company coverage: MSWI.NS
Motherson Sumi To Execute A Joint Venture Agreement With Egtronics Co.
June 19 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
TO EXECUTE A JOINT VENTURE AGREEMENT WITH EGTRONICS CO.
STRATEGIC RELATIONSHIP WILL HAVE MANUFACTURING OPERATIONS IN INDIA WITH GLOBAL SALES
Source text: ID:nBSE4mdTSF
Further company coverage: MSWI.NS
June 19 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
TO EXECUTE A JOINT VENTURE AGREEMENT WITH EGTRONICS CO.
STRATEGIC RELATIONSHIP WILL HAVE MANUFACTURING OPERATIONS IN INDIA WITH GLOBAL SALES
Source text: ID:nBSE4mdTSF
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Q4 Profit At 1.65 Billion Rupees
May 9 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA Q4 PROFIT 1.65 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA Q4 TOTAL REVENUE FROM OPERATIONS 25.1 BILLION RUPEES
Source text: ID:nBSE5SchH0
Further company coverage: MSWI.NS
May 9 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA Q4 PROFIT 1.65 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA Q4 TOTAL REVENUE FROM OPERATIONS 25.1 BILLION RUPEES
Source text: ID:nBSE5SchH0
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Q3 Profit 1.4 Bln Rupees
Feb 6 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
Q3 PROFIT 1.4 BILLION RUPEES
Q3 TOTAL REVENUE FROM OPERATIONS 23 BILLION RUPEES
Source text: [ID:]
Further company coverage: MSWI.NS
Feb 6 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
Q3 PROFIT 1.4 BILLION RUPEES
Q3 TOTAL REVENUE FROM OPERATIONS 23 BILLION RUPEES
Source text: [ID:]
Further company coverage: MSWI.NS
Motherson Sumi Says JV Marelli Motherson Approved Asset Sale
Jan 24 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
JV MARELLI MOTHERSON APPROVED ASSET SALE
Source text: ID:nBSE218nk4
Further company coverage: MSWI.NS
Jan 24 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
JV MARELLI MOTHERSON APPROVED ASSET SALE
Source text: ID:nBSE218nk4
Further company coverage: MSWI.NS
India's Motherson Sumi Wiring declines after Q2 profit fall
** Shares of Motherson Sumi Wiring India MSWI.NS fall 4% to 61.4 rupees after the automobile parts maker reports decline in Q2 profit
** Co on Friday posted profit of 1.52 billion rupees ($18 million), down 2.4% YoY
** Expenses surge 12% to 21.28 bln rupees, while total revenue rose 10% to 23.26 bln rupees
** Analysts' avg rating on stock is "buy," same as that on peer Sona BLW Precision Forgings SONB.NS
** Their median PT on MSWI is 74 rupees - LSEG
** Stock trims YTD gains to 1.3% vs 9% gain in Sona BLW Precision
($1 = 84.3775 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Motherson Sumi Wiring India MSWI.NS fall 4% to 61.4 rupees after the automobile parts maker reports decline in Q2 profit
** Co on Friday posted profit of 1.52 billion rupees ($18 million), down 2.4% YoY
** Expenses surge 12% to 21.28 bln rupees, while total revenue rose 10% to 23.26 bln rupees
** Analysts' avg rating on stock is "buy," same as that on peer Sona BLW Precision Forgings SONB.NS
** Their median PT on MSWI is 74 rupees - LSEG
** Stock trims YTD gains to 1.3% vs 9% gain in Sona BLW Precision
($1 = 84.3775 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
Motherson Sumi Wiring India Q2 Profit 1.52 Billion Rupees
Nov 8 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
Q2 PROFIT 1.52 BILLION RUPEES
Q2 TOTAL REVENUE FROM OPERATIONS 23.26 BILLION RUPEES
Source text: [ID:]
Further company coverage: MSWI.NS
Nov 8 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
Q2 PROFIT 1.52 BILLION RUPEES
Q2 TOTAL REVENUE FROM OPERATIONS 23.26 BILLION RUPEES
Source text: [ID:]
Further company coverage: MSWI.NS
Motherson Sumi Wiring India gains on Q1 profit rise
** Shares of Motherson Sumi Wiring India MSWI.NS rise 3.8% to 72.8 rupees
** The auto, truck and motorcycle parts maker reported a 21% rise in Q1 profit, rev from ops up 17% Y/Y
** Stock set to snap five day losing streak
** Twelve analysts covering the stock on avg have a "buy" rating, vs "hold" rating on peers Bosch BOSH.NS and Exide Industries EXID.NS
** Median PT on MSWI is 77.5 rupees - LSEG data
** Stock up 17% so far this year
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
** Shares of Motherson Sumi Wiring India MSWI.NS rise 3.8% to 72.8 rupees
** The auto, truck and motorcycle parts maker reported a 21% rise in Q1 profit, rev from ops up 17% Y/Y
** Stock set to snap five day losing streak
** Twelve analysts covering the stock on avg have a "buy" rating, vs "hold" rating on peers Bosch BOSH.NS and Exide Industries EXID.NS
** Median PT on MSWI is 77.5 rupees - LSEG data
** Stock up 17% so far this year
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
Motherson Sumi Wiring India Q1 Profit 1.49 Billion Rupees
Aug 5 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
Q1 PROFIT 1.49 BILLION RUPEES
Q1 TOTAL REVENUE FROM OPERATIONS 21.85 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: MSWI.NS
Aug 5 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
Q1 PROFIT 1.49 BILLION RUPEES
Q1 TOTAL REVENUE FROM OPERATIONS 21.85 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: MSWI.NS
Motherson Sumi Wiring India posts rise in Q4 profit on steady demand
BENGALURU, May 16 (Reuters) - Motherson Sumi Wiring India MSWI.NS on Thursday reported a 38% rise in fourth-quarter profit, aided by strong demand for automobiles.
The company's profit rose to 1.91 billion rupees ($22.9 million) in the three months ended March 31 from 1.38 billion rupees a year earlier.
Motherson Sumi provides wiring harness solutions to automotive companies, including Maruti Suzuki, Tata Motors and Hyundai.
Demand for cars, especially for sport utility vehicles (SUVs), grew steadily during the quarter, benefiting companies like Motherson Sumi.
Passenger vehicles and electric vehicle models drove demand for wiring harnesses, the company said.
The Noida-based company, which is a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems, said total revenue from operations grew 19% to 22.33 billion rupees.
The company's earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded to 13% from 11.8% a year earlier.
Shares of the company rose 3.3% ahead of results, currently trading up 0.7%. It rose 7% in the March quarter.
($1 = 83.4856 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami)
BENGALURU, May 16 (Reuters) - Motherson Sumi Wiring India MSWI.NS on Thursday reported a 38% rise in fourth-quarter profit, aided by strong demand for automobiles.
The company's profit rose to 1.91 billion rupees ($22.9 million) in the three months ended March 31 from 1.38 billion rupees a year earlier.
Motherson Sumi provides wiring harness solutions to automotive companies, including Maruti Suzuki, Tata Motors and Hyundai.
Demand for cars, especially for sport utility vehicles (SUVs), grew steadily during the quarter, benefiting companies like Motherson Sumi.
Passenger vehicles and electric vehicle models drove demand for wiring harnesses, the company said.
The Noida-based company, which is a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems, said total revenue from operations grew 19% to 22.33 billion rupees.
The company's earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded to 13% from 11.8% a year earlier.
Shares of the company rose 3.3% ahead of results, currently trading up 0.7%. It rose 7% in the March quarter.
($1 = 83.4856 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Sohini Goswami)
India's Motherson Sumi Wiring beats Q3 profit estimates on strong demand
BENGALURU, Jan 31 (Reuters) - Motherson Sumi Wiring India MSWI.NS reported a higher-than-expected third-quarter profit on Wednesday, buoyed by strong demand for its wiring harness solutions from the automotive industry.
The Noida-based company said its profit rose more than 58% to 1.68 billion rupees (about $20 million) in the three months ended Dec. 31, beating analysts' estimates of 1.47 billion rupees, per LSEG data.
The demand for wiring harnesses, used in making vehicles, surged in the December quarter as vehicle sales jumped during the 42-day festive season.
Motherson Sumi, which counts Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Ashok Leyland ASOK.NS among its clients, said its total revenue from operations jumped 25.5% to 21.17 billion rupees.
The growth in revenue outpaced a 22.8% rise in total expenses, led by a spike in the cost of key raw material - copper.
The company is a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems.
Shares of Motherson Sumi rose as much as 3.5% after the results.
($1 = 83.0325 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Subhranshu Sahu and Sohini Goswami)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
BENGALURU, Jan 31 (Reuters) - Motherson Sumi Wiring India MSWI.NS reported a higher-than-expected third-quarter profit on Wednesday, buoyed by strong demand for its wiring harness solutions from the automotive industry.
The Noida-based company said its profit rose more than 58% to 1.68 billion rupees (about $20 million) in the three months ended Dec. 31, beating analysts' estimates of 1.47 billion rupees, per LSEG data.
The demand for wiring harnesses, used in making vehicles, surged in the December quarter as vehicle sales jumped during the 42-day festive season.
Motherson Sumi, which counts Maruti Suzuki MRTI.NS, Tata Motors TAMO.NS and Ashok Leyland ASOK.NS among its clients, said its total revenue from operations jumped 25.5% to 21.17 billion rupees.
The growth in revenue outpaced a 22.8% rise in total expenses, led by a spike in the cost of key raw material - copper.
The company is a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems.
Shares of Motherson Sumi rose as much as 3.5% after the results.
($1 = 83.0325 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Subhranshu Sahu and Sohini Goswami)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
Motherson Sumi Wiring India To Invest 125 Mln Rupees In Indian Foundation For Quality Management
Nov 27 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
APPROVED TO INVEST 125 MILLION RUPEES IN INDIAN FOUNDATION FOR QUALITY MANAGEMENT
Source text for Eikon: ID:nBSEbQHpb5
Further company coverage: MSWI.NS
Nov 27 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
APPROVED TO INVEST 125 MILLION RUPEES IN INDIAN FOUNDATION FOR QUALITY MANAGEMENT
Source text for Eikon: ID:nBSEbQHpb5
Further company coverage: MSWI.NS
Motherson Sumi Wiring India's Q2 profit rises on healthy demand
BENGALURU, Oct 31 (Reuters) - Motherson Sumi Wiring India MSWI.NS on Tuesday reported a near 34% increase in second-quarter profit as strong demand for its products, led by an optimistic automotive industry, outweighed higher input costs.
The company's profit rose to 1.56 billion rupees ($18.74 million) in the three months ended Sept. 30 from 1.16 billion rupees a year ago.
Automakers' optimism about festive season demand pushed up inventory levels in the quarter, which helped the company increase sales of products like wiring harnesses, used in making vehicles.
Total revenue from operations grew 14.7% to 21.05 billion rupees.
Noida-based Motherson Sumi, a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems, counts Maruti Suzuki, Tata Motors and Hyundai among its clients.
The growth in revenue outpaced a 12.5% rise in total expenses, led by a spike in cost of raw materials consumed.
Analysts said that prices of copper, a key raw material for wiremakers, had risen about 8% year-on-year.
Shares of the company settled 0.25% lower after the results. They are up about 3% so far this year compared to a more than 23% rise in the Nifty Midcap 100 index .NIFMDCP100.
($1 = 83.2341 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))
BENGALURU, Oct 31 (Reuters) - Motherson Sumi Wiring India MSWI.NS on Tuesday reported a near 34% increase in second-quarter profit as strong demand for its products, led by an optimistic automotive industry, outweighed higher input costs.
The company's profit rose to 1.56 billion rupees ($18.74 million) in the three months ended Sept. 30 from 1.16 billion rupees a year ago.
Automakers' optimism about festive season demand pushed up inventory levels in the quarter, which helped the company increase sales of products like wiring harnesses, used in making vehicles.
Total revenue from operations grew 14.7% to 21.05 billion rupees.
Noida-based Motherson Sumi, a joint venture between India's Samvardhana Motherson International SAMD.NS and Japan's Sumitomo Wiring Systems, counts Maruti Suzuki, Tata Motors and Hyundai among its clients.
The growth in revenue outpaced a 12.5% rise in total expenses, led by a spike in cost of raw materials consumed.
Analysts said that prices of copper, a key raw material for wiremakers, had risen about 8% year-on-year.
Shares of the company settled 0.25% lower after the results. They are up about 3% so far this year compared to a more than 23% rise in the Nifty Midcap 100 index .NIFMDCP100.
($1 = 83.2341 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Sonia Cheema)
((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))
Motherson Sumi Wiring India To Buy 100% Stake Of Samvardhana Motherson Adsys Tech
Oct 20 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
APPROVED TO ACQUIRE 100% STAKE OF SAMVARDHANA MOTHERSON ADSYS TECH FROM MOTHERSON AUTO LIMITED
DEAL FOR CASH CONSIDERATION OF 219 MILLION RUPEES FOR ACQUISITION 100% SHARES OF TARGET
Source text for Eikon: ID:nBSEyG9Wm
Further company coverage: MSWI.NS
Oct 20 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
APPROVED TO ACQUIRE 100% STAKE OF SAMVARDHANA MOTHERSON ADSYS TECH FROM MOTHERSON AUTO LIMITED
DEAL FOR CASH CONSIDERATION OF 219 MILLION RUPEES FOR ACQUISITION 100% SHARES OF TARGET
Source text for Eikon: ID:nBSEyG9Wm
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Q1 Profit Falls
July 28 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA Q1 PROFIT 1.23 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA Q1 TOTAL REVENUE FROM OPERATIONS 18.59 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA YEAR AGO Q1 PROFIT 1.26 BILLION RUPEES; TOTAL REVENUE FROM OPERATIONS 16.71 BILLION RUPEES
Source text for Eikon: ID:nBSE5hRbtX
Further company coverage: MSWI.NS
July 28 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MOTHERSON SUMI WIRING INDIA Q1 PROFIT 1.23 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA Q1 TOTAL REVENUE FROM OPERATIONS 18.59 BILLION RUPEES
MOTHERSON SUMI WIRING INDIA YEAR AGO Q1 PROFIT 1.26 BILLION RUPEES; TOTAL REVENUE FROM OPERATIONS 16.71 BILLION RUPEES
Source text for Eikon: ID:nBSE5hRbtX
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Says Mahender Chhabra Appointed As Chief Financial Officer
July 10 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MAHENDER CHHABRA APPOINTED AS CHIEF FINANCIAL OFFICER
Further company coverage: MSWI.NS
July 10 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
MAHENDER CHHABRA APPOINTED AS CHIEF FINANCIAL OFFICER
Further company coverage: MSWI.NS
Motherson Sumi Wiring India Entered Into An Agreement To Acquire 100% Stake In Rollon Hydraulics
July 7 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
CO ENTERED INTO AN AGREEMENT TO ACQUIRE 100% STAKE IN ROLLON HYDRAULICS
DEAL FOR EQUITY VALUE OF ABOUT 1.03 BILLION RUPEES
Source text for Eikon: ID:nBSE23BW1H
Further company coverage: MSWI.NS
July 7 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS:
CO ENTERED INTO AN AGREEMENT TO ACQUIRE 100% STAKE IN ROLLON HYDRAULICS
DEAL FOR EQUITY VALUE OF ABOUT 1.03 BILLION RUPEES
Source text for Eikon: ID:nBSE23BW1H
Further company coverage: MSWI.NS
Motherson Sumi Wiring India rises after block deals
** Shares of Motherson Sumi Wiring India Ltd MSWI.NS rise as much as 3.27% to 56.90 rupees, hitting their highest level since Jan. 6
** Over 13 mln shares change hands in four blocks at a price in the range of 56-56.25 rupees
** Co had last week reported near three-fold jump in Q4 profit on recovery in the automotive industry and operating efficiencies nFWN37G018
** Share price above 50-day, 100-day and 200-day simple moving averages, suggesting bullish trend
** Stock witnessing its most active trading session since Jan. 13
** More than 24 mln shares change hands by 2:44 p.m. IST, 4.8x 30-day avg of 5 mln shares
** Nine of the 11 analysts covering stock have a "buy" or "strong buy" rating while 2 have "sell;" median PT is 63 rupees - Refinitiv data
** Including session's gain, stock trims some of its losses, last down 3.69% YTD
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
** Shares of Motherson Sumi Wiring India Ltd MSWI.NS rise as much as 3.27% to 56.90 rupees, hitting their highest level since Jan. 6
** Over 13 mln shares change hands in four blocks at a price in the range of 56-56.25 rupees
** Co had last week reported near three-fold jump in Q4 profit on recovery in the automotive industry and operating efficiencies nFWN37G018
** Share price above 50-day, 100-day and 200-day simple moving averages, suggesting bullish trend
** Stock witnessing its most active trading session since Jan. 13
** More than 24 mln shares change hands by 2:44 p.m. IST, 4.8x 30-day avg of 5 mln shares
** Nine of the 11 analysts covering stock have a "buy" or "strong buy" rating while 2 have "sell;" median PT is 63 rupees - Refinitiv data
** Including session's gain, stock trims some of its losses, last down 3.69% YTD
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
India's Motherson Sumi Wiring reports near three-fold surge in Q4 profit
BENGALURU, May 19 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS reported a nearly three-fold jump in quarterly profit on Tuesday on the back of a recovery in the automotive industry and operating efficiencies.
Motherson Sumi's profit rose to 1.38 billion rupees ($16.9 million) in the fourth quarter ended March 31, from 464.2 million rupees, a year earlier.
Japan's Sumitomo Wiring Systems holds a 25% stake in the company, which makes wiring harnesses and other electrical wires used in vehicles as well as in other industrial applications. Its clients include companies like Maruti, Tata and Hyundai.
Domestic retail vehicle sales had jumped 14% to more than 2 million in March on festival demand and buying ahead of the implementation of new fuel emission norms, according to data from the Federation of Automobile Dealers Associations.
Motherson Sumi's total revenue from operations increased 12% to 18.64 billion rupees during the quarter, marking its highest-ever quarterly revenue since the start of operations as an independent entity in January 2022.
The cost of materials consumed rose about 17% to 12.55 billion rupees during the quarter.
Motherson's focus on operational efficiency has driven profitability, it said in a statement.
"Ramp-up phase of new facilities is over and the utilisation will scale up in the upcoming quarters," Chairman Vivek Chaand Sehgal said in the statement.
($1 = 81.7800 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; editing by Eileen Soreng)
BENGALURU, May 19 (Reuters) - Motherson Sumi Wiring India Ltd MSWI.NS reported a nearly three-fold jump in quarterly profit on Tuesday on the back of a recovery in the automotive industry and operating efficiencies.
Motherson Sumi's profit rose to 1.38 billion rupees ($16.9 million) in the fourth quarter ended March 31, from 464.2 million rupees, a year earlier.
Japan's Sumitomo Wiring Systems holds a 25% stake in the company, which makes wiring harnesses and other electrical wires used in vehicles as well as in other industrial applications. Its clients include companies like Maruti, Tata and Hyundai.
Domestic retail vehicle sales had jumped 14% to more than 2 million in March on festival demand and buying ahead of the implementation of new fuel emission norms, according to data from the Federation of Automobile Dealers Associations.
Motherson Sumi's total revenue from operations increased 12% to 18.64 billion rupees during the quarter, marking its highest-ever quarterly revenue since the start of operations as an independent entity in January 2022.
The cost of materials consumed rose about 17% to 12.55 billion rupees during the quarter.
Motherson's focus on operational efficiency has driven profitability, it said in a statement.
"Ramp-up phase of new facilities is over and the utilisation will scale up in the upcoming quarters," Chairman Vivek Chaand Sehgal said in the statement.
($1 = 81.7800 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru; editing by Eileen Soreng)
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What does Motherson Sumi Wirin do?
Motherson Sumi Wiring India, a joint venture with Sumitomo Wiring Systems Limited, is a leading full-system solutions provider in the wiring harness segment. They offer end-to-end services from design to production of cutting-edge Electrical & Electronic Distribution Systems for vehicles.
Who are the competitors of Motherson Sumi Wirin?
Motherson Sumi Wirin major competitors are Minda Corporation, Suprajit Engineering, Remsons Inds, Gabriel India, JBM Auto, Lumax Auto Tech, Banco Products (I). Market Cap of Motherson Sumi Wirin is ₹26,772 Crs. While the median market cap of its peers are ₹11,106 Crs.
Is Motherson Sumi Wirin financially stable compared to its competitors?
Motherson Sumi Wirin seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Motherson Sumi Wirin pay decent dividends?
The company seems to pay a good stable dividend. Motherson Sumi Wirin latest dividend payout ratio is 62.02% and 3yr average dividend payout ratio is 58.81%
How has Motherson Sumi Wirin allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Motherson Sumi Wirin balance sheet?
Balance sheet of Motherson Sumi Wirin is strong. But short term working capital might become an issue for this company.
Is the profitablity of Motherson Sumi Wirin improving?
The profit is oscillating. The profit of Motherson Sumi Wirin is ₹625 Crs for TTM, ₹606 Crs for Mar 2025 and ₹638 Crs for Mar 2024.
Is the debt of Motherson Sumi Wirin increasing or decreasing?
Yes, The net debt of Motherson Sumi Wirin is increasing. Latest net debt of Motherson Sumi Wirin is -₹58.81 Crs as of Mar-26. This is greater than Mar-25 when it was -₹465.3 Crs.
Is Motherson Sumi Wirin stock expensive?
Motherson Sumi Wirin is not expensive. Latest PE of Motherson Sumi Wirin is 42.37, while 3 year average PE is 47.77. Also latest EV/EBITDA of Motherson Sumi Wirin is 24.92 while 3yr average is 29.73.
Has the share price of Motherson Sumi Wirin grown faster than its competition?
Motherson Sumi Wirin has given lower returns compared to its competitors. Motherson Sumi Wirin has grown at ~7.69% over the last 4yrs while peers have grown at a median rate of 29.51%
Is the promoter bullish about Motherson Sumi Wirin?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Motherson Sumi Wirin is 61.73% and last quarter promoter holding is 61.73%.
Are mutual funds buying/selling Motherson Sumi Wirin?
The mutual fund holding of Motherson Sumi Wirin is increasing. The current mutual fund holding in Motherson Sumi Wirin is 15.09% while previous quarter holding is 15.06%.