Asia300

Motherson Sumi Systems Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Nov 16, 2017
Prev close: 359.15
Nov 16, 2017
Market cap:
Market cap(USD):
756,071M
11,583.96M
Shares: 2,105.16M

Currency in INR

Company profile

Market(Ticker): BOM(517334)
Sector:
Industry:
Producer Manufacturing
Auto Parts: OEM
Full time employees: 110,500

Business summary

Motherson Sumi Systems Ltd. operates as an automotive component manufacturing company. It engages in the manufacture and sale of wire harnesses, components, and wires to automotive original equipment manufacturers. The company operates through the following business segments: Automotive and Non Automotive. The Automotive segment supplies wiring harnesses, wires, rubber components, cockpit assembly, moulds for wiring harness components, plastic moulded components, rocker panels, spoilers, scuff plates, antenna hoods, air bag covers, decorative trim parts, injection moulding, extrusion, HVAC modules, compressors, body control modules, meters clusters, interior mirrors, exterior mirrors, bumper systems, plastic components for vehicle exteriors, dashboards and vehicle interior trims etc. to automobile manufacturers. The Non Automotive segment supplies wiring harnesses to manufacturers of material handling equipment, off-road vehicles/construction equipment, agricultural equipment, industrial forklifts and other industries. Motherson Sumi Systems 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 2017

  • Local currency
  • US Dollar
Revenue 423,397M
Gross profit 58,599M
Operating income 31,572M
Income before tax 28,996M
Net income 15,543M
EBITDA 42,136M
Diluted EPS 7.58
Dividends per share 2
Total assets 323,697M
Total liabilities 217,420M
Total equity 82,727M
Operating cash flow 35,738M

Currency in INR

Revenue 6,313.98M
Gross profit 873.86M
Operating income 470.82M
Income before tax 432.40M
Net income 231.78M
EBITDA 628.36M
Diluted EPS 0.11
Dividends per share 0.02
Total assets 4,984.93M
Total liabilities 3,348.27M
Total equity 1,273.99M
Operating cash flow 532.94M

Currency in USD

Valuation measures

Mar 2017

PER 32.78
ROA 5.94%
ROE 24.53%
Operating margin 7.45%
Profit margin 3.67%

Key executive

  • Chief Operating Officer & Executive Director: Pankaj Kumar Mital
  • CFO, Secretary & Compliance Officer: Gaya Nand 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%)
  • Capital Research & Management Co. (World Investors)(1.6%)
  • Axis Asset Management Co. Ltd.(1.3%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(1.1%)
  • The Vanguard Group, Inc.(1.0%)
  • SHETTY REETHA(0.9%)
  • BlackRock Fund Advisors(0.8%)

Address

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

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