Motherson Sumi Systems Limited is a leading name in the Indian automobile spare part manufacturing industry. It is a joint venture between Sumitomo Wiring Systems Ltd. of Japan and Samvardhana Motherson International Ltd. of India. It was established in 1986, with its registered office in Mumbai, Maharashtra. Motherson Sumi’s market capitalisation was Rs. 55,137 crore on 7 June 2022. Its shares are listed on the National Stock Exchange (symbol: MOTHERSUMI) and on the Bombay Stock Exchange (code: 517334).
Motherson Sumi offers precision metals and modules, wiring harnesses, technology and industrial solutions, logistics solutions, and more. It also manufactures driving assistance systems and rearview mirrors through its subsidiary company, Visiocorp. Apart from that, its other subsidiary is involved in manufacturing system modules and plastic parts for automobiles’ exterior and interior.
Motherson Sumi’s income statement showed a total revenue of Rs. 64,411.88 crore in the FY 2021-2022. The net income during this period was Rs. 873.85 crore.
The prominent names in the Motherson Sumi Systems’ management are Vivek Chaand Sehgal, Shunichiro Nishimura, Rekha Sethi, and others. The company’s auditors are S R Batliboi & Co. LLP.
Motherson Sumi's balance sheet shows total liabilities of Rs. 31,164.80 crore, with non-current liabilities of Rs. 10,035.20 crore and current liabilities of Rs. 21,129.60 crore for the FY 2020-2021. The total assets for the same period were Rs. 47,748.70 crore. The company posted a free cash flow of Rs. 3,081.30 crore in the FY 2020-2021.
On 7 June 2022, Motherson Sumi’s share price on NSE closed at Rs. 122.05. Motherson Sumi's share price on BSE closed at the same price, Rs. 122.05. The Motherson Sumi share on the chart has been fluctuating consistently for the past year 2021-2022. It reported a high and low of Rs. 226.54 and Rs. 112.50, respectively. However, based on its 2.42x volatility to the Nifty, including it in your portfolio carries a moderate risk.
The Mothersumi share price in the stock market is competing with Minda Industries Ltd., Endurance Technologies Ltd., Schaeffler India Ltd., Sona BLW Precision Forgings Ltd., and Bosch Ltd.
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