Manufactures wiring harnesses for automotive OEMs in India, running 30 plants with 63,139 employees. FY26 revenue was Rs 11,478 cr, up 23.2% year on year, with EBITDA of Rs 1,061 cr (up 6.4%). The product line is essentially single-segment — wiring harnesses — sold to passenger vehicle and EV manufacturers, with EV-related programs contributing about 6.6% of revenue and 15% of capex directed to EV initiatives. Raw materials (copper wires, plastics, connectors) are the biggest cost at 69.1% of revenue, followed by employee costs at 17.2%. The company is debt-free and carries India's highest short-term credit rating of IND A1+ on bank facilities of Rs 6,000 million. It operates as a joint venture between Samvardhana Motherson International and Japan's Sumitomo Wiring Systems, with related-party transactions with both parents approved annually at the AGM. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wiring harnesses. Single-product auto-component supplier, debt-free
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,635 | 7,057 | 8,328 | 9,320 | 11,478 |
| EBITDA (ex other income) | 665 | 781 | 1,013 | 997 | 1,060 |
| margin % | 11.8 | 11.1 | 12.2 | 10.7 | 9.2 |
| Owners' profit | 411 | 487 | 638 | 606 | 625 |
| EPS, as reported (₹) | 1.30 | 1.10 | 1.44 | 1.37 | 0.94 |
| ROE % · ROCE % | 36.8 · 43.1 | 36.6 · 42.2 | 38.1 · 45.7 | 35.7 · 43.2 | 28.9 · 35.5 |
| Debt / equity (x) | 0.25 | 0.28 | 0.15 | 0.16 | 0.11 |
| Cash from operations | 501 | 224 | 791 | 365 | 761 |
| Capex | (101) | (199) | (111) | (172) | (201) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,326 | 2,300 | 2,510 | 2,494 | 2,762 | 2,887 | 3,335 | 3,407 |
| Profit before tax | 203 | 185 | 220 | 190 | 221 | 200 | 212 | 195 |
| Net profit | 152 | 140 | 165 | 143 | 165 | 149 | 167 | 145 |
| EPS (₹) | 0.34 | 0.32 | 0.37 | 0.22 | 0.25 | 0.23 | 0.25 | 0.22 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Motherson Sumi Wiring to hold investor and analyst meetings on Sept 18 | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Motherson Sumi Wiring to hold investor meetings on Sep 18 | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Motherson Sumi Wiring to hold one-on-one investor meeting with Enam AMC on Sept 10 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · MSUMI gets ESG rating of 72 from NSE Sustainability | general | medium | — | — |
| 31 Aug 2026 · Motherson Sumi Wiring to hold investor meetings on Sept 8-9 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Motherson Sumi Wiring to hold investor meetings on Sept 8 and 9 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Management to meet investors on September 8 and 9, 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · MSUMI to hold investor meet on September 2 in Mumbai | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Motherson Sumi Wiring gets CRISIL ESG rating of 67 rated Strong | business updates | low | — | — |
| 7 Aug 2026 · MSWIL files Q1 FY27 investor call transcript; margins under cost pressure | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 10.4 |
| SCHAEFFLER INDIA LIMITED | 61,739 | 49.3 | 10.04 | — | 10.4 | 14.1 | — | 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 38.2 | 26.7 | 84 of 123 | 32% |
| P/B | 11.1 | 3.5 | 111 of 116 | 4% |
| ROCE | 34.4 | 12.6 | 3 of 125 | 98% |
| ROE | 28.9 | 11.6 | 5 of 119 | 97% |
| Debt / Equity | 0.1 | 0.3 | 43 of 119 | 64% |
| EBITDA margin | 7.7 | 12.2 | 99 of 118 | 16% |
| Revenue growth | 36.6 | 20.2 | 14 of 113 | 88% |
| Profit growth | 1.6 | 24.4 | 81 of 115 | 30% |
| Market cap | 24080 | 1542 | 15 of 125 | 89% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
