Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Sep
Source: Bse
Motherson Sumi Wiring India Limited (MSUMI)
Large CapAuto stocks · Large cap · NSE
Motherson Sumi Wiring India Limited (MSUMI) is a leading automotive wiring harness manufacturer in India. The company supplies to 9 out of the top 10 selling passenger vehicle models in India for FY26 and operates 30 facilities across the country, focusing on both ICE and EV platforms.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals20 Oct 2026 · screener
Latest result04 Aug, 04:45 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
43NeutralSMA20 -6.8% / mo · MACD + · near 52W low
Stock trend: 40
Sector RS: 49
Sector 3M: -6.3% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MSUMID candles · FIT view-11.3%Latest close ₹35.38 on 2026-10-19
Bar
-0.2%
RSI
54
MACD hist
0.36
52W pos
13%
2026-10-19O ₹35.44H ₹35.60L ₹35.00C ₹35.38Vol 67.8L 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
MSUMINifty AutoNifty 500
- MSUMI
- -10.8%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -5.3 pp
Chart stats
19 Oct 2026- From 52W high
- -34.0%
- 52W range position
- 13%
- ATR (14)
- 2.5%
- Volume vs 20D
- 0.60x
- Avg traded value
- ₹35 Cr
- 20D price channel
- ₹32.7 - ₹36.2
₹53.6
₹32.7 - ₹53.6
₹0.9
Latest completed session
20-session average
22.7% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, 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 · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average32
Revenue +36.6% · PAT +1.4% YoY
Technical
Neutral43
Price trend and sector-relative-strength timing.
Valuation
Legacy model-19.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence83
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
Average · 32/100margin compression · Rev +37% YoY · PAT +1% YoY
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹3,407 Cr | +36.6% | +2.2% |
| EBITDA | ₹258 Cr | +5.7% | -5.8% |
| Operating margin | 8.0% | -200 bps | +0 bps |
| PAT | ₹145 Cr | +1.4% | -13.2% |
| PAT margin | 4.3% | -147 bps | -75 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 37.40
- P/B
- 10.86
- EV/EBITDA
- 18.21
- Market Cap
- 23463.00Cr
Profitability
- ROE
- 32.40%
- ROCE
- 38.90%
- ROA
- 13.21%
- Dividend Y
- 1.73%
Growth (CAGR)
- Revenue 5Y
- 24.00%
- EPS 5Y
- 10.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 9.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 38.36×
- Altman Z
- 9.41
- Book Value
- 3.26
Cash Flow
- FCF Yield
- 2.39%
- FCF Positive Y
- 5/5
- OCF
- 761.00 Cr
- EPS TTM
- 0.95
Shareholding
- Promoter Hold
- 61.72%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 13%
Financial History
Updated 18/10/2026
Revenue
₹ CrLatest: 3,407+2.2% vs prev
Net Profit
₹ CrLatest: 145-13.2% 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
Mixed signalsSignals are conflicting — long-term trend down. RSI 54. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~7.4% over last month) — short-term momentum negative.
- RSI(14) at 54 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 34% off 52W high · 8% 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.
Nifty 500 leadership
Relative Strength & Trend Stage
25
RS percentile
Stage 4 Downtrend
1M return
-0.8%
3M return
-10.8%
6M return
-14.3%
1Y return
-24.3%
RS 1D
+1
RS 20D
+9
Sector rank
#10
Industry rank
#14
Stage evidence
- Price is 8.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.3%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 77.82+0.87%
RS vs Nifty 50078
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth10/25
Quality19/20
Balance Sheet11/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Quality contributes 19/20 to the score.
- Cash flow contributes 8/10 to the score.
Main drags
- Fair-value margin of safety is negative at -19.3%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 10/25; 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
37.4
PB
10.9
EV/EBITDA
18.2
ROE
32.4%
ROCE
38.9%
FCF Yield
2.4%
Debt/Equity
0.1
MoS
-19.3%
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
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-19.3%
Previous: -19.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
54
54
54
54
54
54
54
54
54
54
54
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
₹8.35
-323.8% MoS
Growth-justified P/E
31.2
Growth-justified Value
₹29.66
-19.3% MoS
PEG
3.90
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
GABRIEL
Large
Gabriel India Limited
Auto Components
match 139
50
71.3
20.2%
-68%
FAIR VALUE
ZFCVINDIA
Large
ZF Commercial Vehicle Control Systems India Limited
Auto Components
match 139
43
48.6
14.6%
-8%
WATCHLIST
ASAHIINDIA
Large
Asahi India Glass Limited
Auto Components
match 138
33
53.1
10.3%
-39%
WATCHLIST
BELRISE
Large
Belrise Industries Limited
Auto Components
match 138
31
44.1
12.6%
-4%
OVERVALUED
APOLLOTYRE
Large
Apollo Tyres Limited
Auto Components
match 138
67
12.4
13.1%
+60%
UNDERVALUED
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 2026-06-13T07:38:14.398Z
Management commentary snapshot
MSUMI reported best-ever Q4FY26 and FY26 performance with ~33% YoY revenue growth in Q4, outpacing industry volumes by ~11%. FY26 revenue grew 23.2% YoY to INR 11,478 Cr, crossing the INR 100 Bn mark, but profitability was impacted by higher copper prices and unfavorable currency.
Revenue growth significantly outpaced industry volumes, indicating market share gains or higher content per vehicle. The company maintains a debt-free status while investing in future growth. However, profitability remains under pressure from elevated copper prices and unfavorable currency, which management acknowledges as a short-term impact. Greenfield ramp-up and customer volume realization are key.
Current business mix
Revenue by Segment (FY26)
Latest issuer-disclosed distribution across 5 reported categories.
Passenger Vehicles64.0%
Two wheeler12.0%
Commercial Vehicles10.0%
Off Road, Agriculture etc.6.0%
Others8.0%
Growth engines
Outpacing Industry Growth
Overall Revenue growth of ~33% outpacing the industry volume growth by ~11% on a YoY basis in Q4FY26.
EV Platform Supply
Key supplier to leading Indian OEMs for their EV platforms.
Greenfield Unit Performance
Improved performance of Greenfields units.
Capacity and execution
Navagam (Gujarat) EV Plant
Operational and in ramping up stage.
Navagam (Gujarat) EV+ICE Plant
SOP in Q4 FY26 and in ramping up stage.
Kharkhoda (Haryana) ICE Plant
Operational.
Pune (Maharashtra) EV+ICE Plant
Operational but with lower than planned customer volumes.
Tailwinds
Robust Passenger Vehicle Industry Growth
Passenger vehicle industry growth volumes of 11% YoY in Q4FY26 and 9% for FY26.
Headwinds
Elevated Copper Prices
Higher Copper Prices ~18% QoQ and unfavorable currency movement during the quarter led to profitability impact in the short term.
Unfavorable Currency Movement
Unfavorable currency movement during the quarter contributed to profitability impact.
Risk radar
Raw Material Price Volatility
Copper prices remain elevated on a continuous basis led to profitability impact in the short term.
Customer Volume Delays at New Plants
Pune (Maharashtra) EV+ICE and EV plants are operational but experiencing lower than planned and delayed customer volumes.
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
The document provides both Q4FY26 vs Q4FY25 and 12MFY26 vs 12MFY25 data, with industry volume growth stated YoY. However, the impact of copper prices is highlighted QoQ, making both comparisons relevant for a complete picture of performance and cost pressures.
Sector KPIs management disclosed
Industry Volume Growth
Passenger vehicle industry growth volumes of 11% on YoY in Q4FY26 and 9% for FY26.
Company Revenue Outperformance
Overall Revenue growth of ~33% outpacing the industry volume growth by ~11% on a YoY basis in Q4FY26.
EV Share of Revenues
EV share of Revenues: 8.6% for Q4FY26 and 6.6% for 12MFY26.
Raw Material Price Impact
Higher Copper Prices ~18% QoQ and unfavorable currency movement during the quarter led to profitability impact in the short term.
Management forward view
Consistent ROCE Delivery
Consistently delivered strong year-on-year ROCE.
Debt-Free Status
Continues to maintain debt-free status.
Investment for Future Growth
Re-invested over INR 381 Cr over the last 2 years.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Greenfield Capacity Utilization | Navagam plants are ramping up; Pune plants are operational but with lower/delayed customer volumes. | Timely ramp-up and improved utilization rates at new greenfield facilities, especially in Pune, to realize planned customer volumes. |
| Raw Material & Currency Impact on Profitability | Copper prices up ~18% QoQ, unfavorable currency movement impacting short-term profitability. | Stabilization or decline in copper prices and favorable currency movements to ease pressure on EBITDA margins. |
| EV Revenue Share Growth | EV share of Revenues is 8.6% for Q4FY26. | Continued growth in EV revenue share, indicating successful penetration into new EV platforms and increasing content per vehicle. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
83Limited 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 95th percentile of the scored universe and 90th 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
87 docs text-extracted · 37 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
95th percentile
overall median 67 · Auto: 90th pctile, median 74 · Large: 88th pctile, median 73
Evidence depth
Financial-only
87 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
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 61.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.4%.
- ▸5 years of positive FCF.
Trust risks
- ▸ROCE trend is -4.4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Motherson Sumi Wiring India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31 Aug - Company scheduled three investor meetings on September 8-9, 2026 with Ventura, Karma Capital, and Franklin Templeton.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Jul - Intimation about copy of notice published in newspaper(s) regarding 6th Annual General Meeting of the Company
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 2 Jul - India Ratings affirmed MSWIL's INR 6,000 million bank loan rating at IND A1+.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 1 Jul - Motherson Sumi Wiring appointed P.R. Mehra & Co. as internal auditor and M.R. Vyas & Associates as cost auditor for FY2026-27.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 1 Jul - Board reappointed S.R. Batliboi & Co. LLP as statutory auditor for four years from 6th to 10th AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Jun
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.