Buy Motherson Sumi, target price Rs 300: Emkay

Emkay Global Financial Services has a buy call on Motherson Sumi Systems Ltd. with a target price of Rs 300. The current price of Motherson Sumi Systems is Rs 215.1.

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large-Cap company (with a market cap of Rs 68069.27 Crore) operating in Auto Ancillaries sector.

Motherson Sumi Systems 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 30-09-2021, the company has reported a Consolidated Total Income of Rs 14163.53 Crore, down -13.17 per cent from last quarter Total Income of Rs 16312.13 Crore and down -5.66 per cent from last year same quarter Total Income of Rs 15012.49 Crore. Company has reported net profit after tax of Rs 210.12 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of 30-Sep-2021, while FIIs owned 16.4 per cent, DIIs 13.64 per cent.