Announcement
Announcement under Regulation 30 (LODR)-Conversion of Securities 8 Oct - Allotted 10,32,09,960 equity shares on conversion of 145,010 CCDs; 4,990 CCDs remain outstanding.
Source: Bse
Samvardhana Motherson International Limited (MOTHERSON)
Large CapAuto stocks · Large cap · NSE
Samvardhana Motherson International Limited (SAMIL) is a global automotive component manufacturer with diversified businesses including wiring harnesses, modules & polymer products, vision systems, and integrated assemblies. It is expanding into non-automotive sectors like consumer electronics and aerospace, leveraging its D.E.M.A.L. capabilities.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals15 Oct 2026 · screener
Latest result06 Aug, 05:11 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
49NeutralSMA20 -2.6% / mo · MACD + · sector -2.2pp vs Nifty 500 (3M)
Stock trend: 52
Sector RS: 44
Sector 3M: -7.8% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MOTHERSOND candles · FIT view+22.9%Latest close ₹157.27 on 2026-10-21
Bar
-0.4%
RSI
46
MACD hist
0.05
52W pos
78%
2026-10-21O ₹157.90H ₹159.06L ₹155.70C ₹157.27Vol 1.3Cr sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MOTHERSONNifty AutoNifty 500
- MOTHERSON
- +8.3%
- Nifty 500
- -6.5%
- Nifty Auto
- -7.8%
- Vs Nifty 500
- +14.8 pp
Chart stats
21 Oct 2026- From 52W high
- -9.2%
- 52W range position
- 78%
- ATR (14)
- 2.7%
- Volume vs 20D
- 1.15x
- Avg traded value
- ₹187 Cr
- 20D price channel
- ₹151.4 - ₹166.2
₹173.3
₹101.1 - ₹173.3
₹4.3
Latest completed session
20-session average
31.4% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST43
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +16.7% · PAT +77.6% YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model+1.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence81
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +17% YoY · PAT +78% YoY · margin expansion · operating leverage
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹35,244 Cr | +16.7% | +2.7% |
| EBITDA | ₹3,096 Cr | +26.0% | -18.3% |
| Operating margin | 9.0% | +100 bps | -200 bps |
| PAT | ₹1,076 Cr | +77.6% | -31.1% |
| PAT margin | 3.0% | +104 bps | -150 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 37.30
- P/B
- 4.12
- EV/EBITDA
- 10.64
- Market Cap
- 170309.00Cr
Profitability
- ROE
- 11.20%
- ROCE
- 13.40%
- ROA
- 4.16%
- Dividend Y
- 0.38%
Growth (CAGR)
- Revenue 5Y
- 17.00%
- EPS 5Y
- 32.00%
- Revenue 3Y
- 17.00%
- EPS 3Y
- 40.00%
Balance Sheet
- Debt/Equity
- 0.47
- Interest Coverage
- 7.56×
- Altman Z
- 3.72
- Book Value
- 38.80
Cash Flow
- FCF Yield
- 3.02%
- FCF Positive Y
- 11/5
- OCF
- 11284.00 Cr
- EPS TTM
- 4.15
Shareholding
- Promoter Hold
- 48.60%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 82%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 35.2k+2.7% vs prev
Net Profit
₹ CrLatest: 1,076-31.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 46.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.7% over last month) — short-term momentum negative.
- RSI(14) at 46 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 9% off 52W high · 56% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & peers
U-Score 43 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 43 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation3/30
Growth18/25
Quality2/20
Balance Sheet7/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
43
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
43/100 · legacy band WATCHLIST
Positive drivers
- FCF yield is supportive at 3.0%.
- Piotroski is strong at 8/9.
- Cash flow contributes 8/10 to the score.
Main drags
- Valuation is weaker at 3/30; verify the latest quarterly trend.
- Quality is weaker at 2/20; verify the latest quarterly trend.
- Balance sheet is weaker at 7/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
37.3
PB
4.1
EV/EBITDA
10.6
ROE
11.2%
ROCE
13.4%
FCF Yield
3.0%
Debt/Equity
0.5
MoS
+1.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
43
Previous: 43
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+1.7%
Previous: +1.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
43
43
43
43
43
43
43
43
43
43
43
43
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹60.19
-161.3% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹159.98
+1.7% MoS
PEG
1.06
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
BOSCHLTD
Large
Bosch Limited
Auto Components
match 146
45
55.6
14.6%
-46%
WATCHLIST
UNOMINDA
Large
UNO Minda Limited
Auto Components
match 141
47
52.8
19.3%
-35%
FAIR VALUE
BHARATFORG
Mid
Bharat Forge Limited
Auto Components
match 141
34
89.6
12.0%
-216%
WATCHLIST
SCHAEFFLER
Large
Schaeffler India Limited
Auto Components
match 137
50
45.6
20.2%
-17%
FAIR VALUE
ENDURANCE
Large
Endurance Technologies Limited
Auto Components
match 136
47
34.5
14.9%
+24%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-13T08:15:37.499Z
Management commentary snapshot
Q1 FY'27 revenue hits highest-ever quarterly mark, up 17% YoY and 3% QoQ, driven by robust performance across core and emerging businesses. EBITDA grew 26% YoY, with margins improving 60 bps, despite significant commodity and freight cost headwinds.
SAMIL delivered record Q1 revenue and strong profit growth, demonstrating resilience despite a challenging external environment with rising input costs and global auto market weakness. Strategic acquisitions and significant capex in growth areas like consumer electronics and aerospace support future expansion, while cost optimization efforts are yielding margin benefits.
Growth engines
Consumer Electronics Business
Consumer electronics business continues to scale meaningfully; third facility on track for Q3 FY'27 commissioning, building 40 million units annually at full scale.
Aerospace Business
Aerospace business delivered revenue growth of over 20% year-on-year, with order book growth of more than 17% since FY'26 end.
Wiring Harness (India & North America CV)
Strong momentum in India's wiring harness business, combined with recovery in North American commercial vehicle business, drove 31% YoY revenue growth.
Strategic Acquisitions
Acquired Shenzhen Autocruis (digital vision), Nexans Autoelectric (PV/CV wiring harness), and Yutaka Giken (exhaust systems, brake discs) to broaden offerings and market access.
Capacity and execution
Consumer Electronics Facility 3
Third facility remains on track for commissioning in Q3 FY'27, with capex of approx. INR 65 billion over 3 years, building manufacturing capacity of 40 million units annually at full scale.
New Plants Operationalized
3 plants were operationalized during Q1 FY'27, and 10 more facilities are expected to become operational during the course of this year.
Tailwinds
South Asia (India) Auto Market
South Asia, led by India, was a clear bright spot and continued to see strong growth in the auto industry.
North American Commercial Vehicle Market
A recovery in the North American market has sustained the CV industry's growth momentum, with a favorable outlook through FY'27.
Planned European OEM Launches
Planned European OEM launches are expected to support industry growth in the quarters and years ahead.
New EV Programs
New state of EVs definitely have a much better response from customers, driving new growth opportunities for the company.
Headwinds
Global Light Vehicle Industry De-growth
Globally, the light vehicle industry de-grew by 1.8% year-on-year during the quarter, led by weaknesses in China (-3.1%).
Rising Commodity Prices
Copper prices are up 40% YoY, and polymer prices in Germany are up 55% YoY, creating near-term input cost pressures.
Increased Freight Costs
Freight costs were affected, with the World Container Index up 40% year-on-year and 83% sequentially, leading to additional costs.
Lag in Cost Pass-through
Input costs are typically passed on to customers with a lag of 1 or 2 quarters, impacting margins in the short term.
Risk radar
Commodity Price Volatility
Fluctuations in copper, polymer, and logistics costs create significant input cost pressures, with pass-through mechanisms having a time lag.
Global Auto Market Weakness
De-growth in the global light vehicle industry, particularly in China, poses a risk to overall automotive segment volumes.
Integration of Acquisitions
Newly acquired businesses (Nexans, Yutaka) are not yet meeting comparable industry benchmarks, requiring transformation to improve margin profiles and achieve ROCE targets.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for assessing overall growth and margin improvement against the previous year. QoQ comparison is also important as Q1 historically sees a sequential decline, but this quarter showed growth, indicating strong momentum.
Sector KPIs management disclosed
Revenue Growth
Revenue grew by 17% year-on-year and 3% sequentially during the quarter, marking the highest-ever quarterly revenue in Q1 FY'27.
EBITDA Growth & Margin
EBITDA grew by 26% during the quarter, ahead of revenue growth, with EBITDA margin improving by 60 basis points year-on-year.
Normalized PAT Growth
Normalized PAT grew by 55% in the first quarter of FY'27, driven by the scale-up across businesses. Adjusted for base quarter normalization, reported PAT grew 102%.
Global Light Vehicle Industry Growth
Globally, the light vehicle industry de-grew by 1.8% year-on-year during the quarter, led by weaknesses in China, which de-grew by 3.1%.
Management forward view
Positive Growth Prospects
Management remains very positive on growth prospects through increasing content per vehicle, deepening OEM relationships, and serving new powertrain opportunities.
Scaling Non-Automotive Businesses
Will continue to leverage D.E.M.A.L. capabilities to scale up non-automotive businesses like consumer electronics and aerospace.
Financial Prudence
Focus remains on financial prudence, maintaining a strong balance sheet, and achieving internal aspiration of staying below 1.5x leverage.
Value Unlocking for New Verticals
Plans to hive off new businesses into independent entities once they reach a certain size and scale, aiming for value creation within the current 5-year plan.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Consumer Electronics Revenue Ramp-up | FY'26 revenue was INR 1,300 crores with 8% EBITDA margin. New 40M unit facility commissioning in Q3 FY'27. | Revenue run-rate and profitability from the new 40 million unit capacity facility in the next couple of quarters. |
| Acquisition Margin Improvement | Newly acquired businesses (Nexans, Yutaka) are not yet meeting comparable industry benchmarks. | Evidence of transformation and improvement in margin profile for Nexans and Yutaka to meet the 40% ROCE aspiration. |
| Commodity Price Pass-through | Commodity price increases are passed on with a 1-2 quarter lag for copper; plastics are more complex. | The full impact of commodity price pass-through and volume compensation, expected to be clearer in Q4 FY'27. |
| Emerging Businesses Bifurcation | Emerging businesses are currently clubbed together, showing volatile margins due to infancy and ramp-ups. | More detailed, bifurcated views of emerging businesses, especially consumer electronics, as they scale and mature. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
81Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 93rd percentile of the scored universe and 85th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
181 docs text-extracted · 41 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
93rd percentile
overall median 67 · Auto: 85th pctile, median 74 · Large: 82nd pctile, median 73
Evidence depth
Financial-only
181 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3%.
- ▸11 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Samvardhana Motherson International Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 29 Sep - JCR upgraded Motherson’s foreign currency long-term issuer rating outlook to Positive, rating A.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Sep - Company scheduled four analyst and investor meetings from September 22-28, 2026, including a Japan roadshow.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Sep - Management to attend analyst and investor meetings from September 22-28, 2026 in virtual, Mumbai, and Japan sessions.
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 13 Sep - SMR USA paid USD 48,432 penalty after Michigan corporate income tax audit for FY2022-FY2024.
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 18 Aug - NCLT approved MTSL share capital reduction; Samvardhana Motherson to become sole shareholder via 7.04% cancellation.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Updates on Acquisition 17 Aug - SMR Langfang to buy 0.15% of Shenzhen Autocruis for CNY 3 million, raising stake to 67.93%.
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015. 14 Aug - NCLT approved MTSL share capital reduction; MTSL and subsidiaries will become wholly owned subsidiaries.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jul - Samvardhana Motherson International Limited has informed the Stock Exchange regarding copy of newspaper publication on notice of the 39th AGM of the Company and information …
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 19 Jun - CRISIL reaffirmed AAA/Stable rating; NCDs of Rs 4,000 crore and bank loan ratings withdrawn.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Acquisition 17 Jun - SAMIL to acquire 64.76% of Shenzhen Autocruis for CNY 153.3 million; may rise to 67.78%.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 17 Jun - India Ratings reaffirmed IND AAA stable issuer rating; withdrew fully repaid bank loan facility.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.