Buy Samvardhana Motherson International, target price Rs 180: JM Financial

JM Financial has buy call on Samvardhana Motherson International with a target price of Rs 180. The current market price of Samvardhana Motherson International Ltd. is Rs 147.6.

Samvardhana Motherson International Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 100087.74 Crore) operating in Auto Ancillaries sector.

Samvardhana Motherson International Ltd. key Products/Revenue Segments include Auto Electricals, Sale of services, Traded Goods, Other Operating Revenue, Scrap, Export Incentives and Job Work for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 27141.81 Crore, up 5.40 % from last quarter Total Income of Rs 25752.26 Crore and up 20.35 % from last year same quarter Total Income of Rs 22551.94 Crore. Company reported net profit after tax of Rs 1367.48 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.36 per cent stake in the company as of 31-Mar-2024, while FIIs owned 12.44 per cent, DIIs 18.15 per cent.