Asia300

Motherson Sumi Systems Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 365.9
Mar 24, 2017
Market cap:
Market cap(USD):
513,503.06M
7,850.37M
Shares: 1,403.39M

Currency in INR

Company profile

Market(Ticker): BOM(517334)
Sector:
Industry:
Producer Manufacturing
Auto Parts: OEM
Full time employees: 28,575

Business summary

Motherson Sumi Systems Ltd. engages in the manufacture and sale fo wire harnesses, components, and wires to automotive original equipment manufacturers. It operates through two business segments: Automotive and Non Automotive. The Automotive segment comprises of wiring harness, high tension cords, wire, plastic components, rubber components, cockpit assembly, mould for wiring harness components and mould parts, plastic moulded components and brass terminals. The Non Automotive segment consists wiring harness, plastic components for white goods, household wires, plates, aerobin. The company was founded on December 19, 1986 and is headquartered in Noida, India.

Company background

Leading auto parts manufacturer Motherson Sumi Systems produces wiring harnesses, rearview mirrors, plastic components and modules for the automotive industry. Established in 1986 as a joint venture between India's Samvardhana Motherson Group and Sumitomo Wiring Systems (Japan), Motherson Sumi does business in 25 countries and has manufacturing bases across six continents.

The Sehgal family and its Samvardhana Motherson International company together hold a roughly 40% stake, while Sumitomo Wiring Systems hold about 26%. Motherson Sumi aims to become a one-stop provider for multiple customer needs. It acquired the global rearview mirror business of U.K-based Visiocorp in 2009 and that of Germany's Peguform, a manufacturer of bumper systems and plastic components, in 2011. In January 2015 it completed the acquisition of assets of Scherer & Trier, another German company, through a subsidiary at a cost of over $40 million. S&T makes parts for Audi, BMW, Daimler, Ford, General Motors, Volkswagen and others.

The company's name reflects how it got its start: Motherson Group was founded by its current Chairman V.C. Sehgal with his mother in 1975. In India, Motherson Sumi controls more than 65% of the market for passenger car wiring harnesses. It accounts for 22% of the global market for passenger car rearview mirrors and 53% of the Indian market.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 381,286M
Gross profit 48,866M
Operating income 21,732M
Income before tax 23,349M
Net income 12,737M
EBITDA 33,086M
Diluted EPS 9.63
Dividends per share 2.5
Total assets 207,287M
Total liabilities 150,420M
Total equity 42,249M
Operating cash flow 20,942M

Currency in INR

Revenue 5,823.75M
Gross profit 746.37M
Operating income 331.93M
Income before tax 356.63M
Net income 194.54M
EBITDA 505.35M
Diluted EPS 0.14
Dividends per share 0.03
Total assets 3,130.15M
Total liabilities 2,271.43M
Total equity 637.98M
Operating cash flow 319.86M

Currency in USD

Valuation measures

Mar 2016

PER 27.71
ROA 6.64%
ROE 33.83%
Operating margin 5.69%
Profit margin 3.34%

Key executive

  • Chief Operating Officer & Executive Director: Pankaj Kumar Mital
  • CFO, Secretary & Compliance Officer: G. N. Gauba

Share holders

  • Samvardhana Motherson International Ltd.(34.8%)
  • Sumitomo Electric Industries Ltd.(25.3%)
  • ICICI Prudential Asset Management Co. Ltd.(2.4%)
  • SEHGAL VIVEK CHAAND(2.3%)
  • Axis Asset Management Co. Ltd.(1.4%)
  • Capital Research & Management Co. (World Investors)(1.4%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.0%)
  • SHETTY REETHA(0.9%)
  • The Vanguard Group, Inc.(0.8%)
  • SBI Funds Management Pvt Ltd.(0.7%)

Address

  • Website: http://www.motherson.com
  • Address: Plot No.1, Sector-127, Noida, 201301, India
  • Phone: +91.120.6679500

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