Buy Motherson Sumi Systems, target price Rs 125: Prabhudas Lilladher

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 36758.35 Crore) operating in Auto Ancillaries sector.

Agencies
Promoters held 61.73 per cent stake in the company as of the fourth quarter ending March 31, 2020, while FIIs held 15.50 per cent, DIIs 13.55 per cent and public & others 9.22 per cent.
Prabhudas Lilladher has given a buy rating to Motherson Sumi with a target price of Rs 125. The share price moved up by 1.52 per cent from its previous close of Rs 114.85. The stock’s last traded price is Rs 116.60.

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 36758.35 Crore) operating in Auto Ancillaries sector.

Motherson Sumi Systems Ltd. key Products/Revenue Segments include Auto Electricals which contributed Rs 7293.40 Crore to Sales Value (96.20 % of Total Sales), Sale of services which contributed Rs 114.80 Crore to Sales Value (1.51 % of Total Sales), Traded Goods which contributed Rs 102.50 Crore to Sales Value (1.35 % of Total Sales), Scrap which contributed Rs 33.40 Crore to Sales Value (0.44 % of Total Sales), Export Incentives which contributed Rs 19.40 Crore to Sales Value (0.25 % of Total Sales), Other Operating Revenue which contributed Rs 16.50 Crore to Sales Value (0.21 % of Total Sales) and Job Work which contributed Rs 1.30 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.


Financials
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 8431.23 Crore, down 43.30 % from last quarter Sales of Rs 14870.32 Crore and down 49.08 % from last year same quarter Sales of Rs 16557.33 Crore. The Company reported net profit after tax of Rs -1191.46 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of the fourth quarter ending March 31, 2020, while FIIs held 15.50 per cent, DIIs 13.55 per cent and public & others 9.22 per cent.
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