Buy Motherson Sumi Wiring India, target price Rs 100: Emkay Global

Emkay Global has buy call on Motherson Sumi Wiring India Ltd. with a target price of Rs 100. The current market price of Motherson Sumi Wiring India Ltd. is Rs 82.5.

Motherson Sumi Wiring India Ltd., incorporated in the year 2020, is a Small Cap company (having a market cap of Rs 26684.54 Crore) operating in General sector.

Motherson Sumi Wiring India Ltd. key Products/Revenue Segments include Cables & Wires, Other Operating Revenue, Sale of services and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 1845.93 Crore, up 9.97 % from last quarter Total Income of Rs 1678.63 Crore and down -26.62 % from last year same quarter Total Income of Rs 2515.50 Crore. Company reported net profit after tax of Rs 116.45 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 61.73 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.6 per cent, DIIs 20.82 per cent.