Buy Samvardhana Motherson International, target price Rs 110: ICICI Securities

ICICI Securities has buy call on Samvardhana Motherson International with a target price of Rs 110. The current market price of Samvardhana Motherson International Ltd. is Rs 71.05.

Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 32075.06 Crore) operating in Auto Ancillaries sector.

Samvardhana Motherson International Ltd. key Products/Revenue Segments include Auto Electricals, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Job Work for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 18354.82 Crore, up 3.63 % from last quarter Total Income of Rs 17712.55 Crore and up 29.59 % from last year same quarter Total Income of Rs 14163.53 Crore. Company reported net profit after tax of Rs 294.94 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 68.16 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.58 per cent, DIIs 10.48 per cent.