Buy Samvardhana Motherson International, target price Rs 130: ICICI Direct

ICICI Direct has buy call on Samvardhana Motherson International with a target price of Rs 130. The current market price of Samvardhana Motherson International is Rs 124.75. Time period given by analyst is 14 days when Motherson Sumi Systems Ltd. price can reach defined target.

Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 56357.24 Crore) operating in Auto Ancillaries sector.

Samvardhana Motherson International Ltd. key Products/Revenue Segments include Auto Electricals, Sale of services, Traded Goods, Scrap, Other Operating Revenue, Export Incentives and Job Work for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 17326.07 Crore, up 6.69 % from last quarter Total Income of Rs 16240.17 Crore and up 1.72 % from last year same quarter Total Income of Rs 17033.46 Crore. Company reported net profit after tax of Rs 141.19 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 68.16 per cent stake in the company as of 31-Mar-2022, while FIIs owned 9.9 per cent, DIIs 10.42 per cent.