Buy Samvardhana Motherson International, target price Rs 110: ICICI Securities
Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 55600.54 Crore) operating in Auto Ancillaries sector.
By ETMarkets.com | Updated:
Agencies
ICICI Securities has buy call on Samvardhana Motherson International with a target price of Rs 110. The current market price of Samvardhana Motherson International is Rs 82.2.
Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 55600.54 Crore) operating in Auto Ancillaries sector.
Samvardhana Motherson International 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 20348.32 Crore, up 10.86 % from last quarter Total Income of Rs 18354.82 Crore and up 25.30 % from last year same quarter Total Income of Rs 16240.17 Crore. Company has reported net profit after tax of Rs 514.79 Crore in latest quarter.
The company’s top management includes Mr.Vivek Chaand Sehgal, Mr.Naveen Ganzu, Mr.Velli Matti Ruotsala, Mr.Gautam Mukherjee, Ms.Rekha Sethi, Mr.Laksh Vaaman Sehgal, Mr.Shunichiro Nishimura, Mr.Norikatsu Ishida, Mr.Pankaj Mital, Mr.Robert Joseph Remenar. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 678 Crore shares outstanding.
Investment Rationale
The company's deal with SAS Autosystemtechnik GmbH will likely help SAMIL grow its earnings more profitably than the existing portfolio – other than giving exposure to key EV-making global OEMs and exposure to efficient logistical management in the automotive industry.
Post the deal, the brokerage expects ‘net debt /equity’ for SAMIL at ~0.2x by FY25E vs being a net-debt-free entity otherwise.
Promoter/FII Holdings
Promoters held 68.16 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.24 per cent, DIIs 11.95 per cent.
Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 55600.54 Crore) operating in Auto Ancillaries sector.
Samvardhana Motherson International 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 31-12-2022, the company has reported a Consolidated Total Income of Rs 20348.32 Crore, up 10.86 % from last quarter Total Income of Rs 18354.82 Crore and up 25.30 % from last year same quarter Total Income of Rs 16240.17 Crore. Company has reported net profit after tax of Rs 514.79 Crore in latest quarter.
The company’s top management includes Mr.Vivek Chaand Sehgal, Mr.Naveen Ganzu, Mr.Velli Matti Ruotsala, Mr.Gautam Mukherjee, Ms.Rekha Sethi, Mr.Laksh Vaaman Sehgal, Mr.Shunichiro Nishimura, Mr.Norikatsu Ishida, Mr.Pankaj Mital, Mr.Robert Joseph Remenar. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 678 Crore shares outstanding.
Investment Rationale
The company's deal with SAS Autosystemtechnik GmbH will likely help SAMIL grow its earnings more profitably than the existing portfolio – other than giving exposure to key EV-making global OEMs and exposure to efficient logistical management in the automotive industry.
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Post the deal, the brokerage expects ‘net debt /equity’ for SAMIL at ~0.2x by FY25E vs being a net-debt-free entity otherwise.
Promoter/FII Holdings
Promoters held 68.16 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.24 per cent, DIIs 11.95 per cent.
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