IGI Logo
Toggle Navigation
News
Budget 2024
Hindi
Hindi News
Top News
Screeners
Stocks
Stocks Screener
Stock
News
Stock Market Home Page
Stock News
Industry News
Economy News
Stock on the move
Expert Views
Research Reports
Company Result
Comp Info And Fundamentals
Company Profile
Equity
Financial Ratios
Results
Balance Sheet
Profit And Loss
Cash Flow
Share Holding
Derivatives (F&O)
Get Quotes
Market Watch
Top Gainers
Top Losers
Top Traded Quantity
Top Traded Value
Most Active Puts
Derivatives (F&O)
Most Active Calls
Put Call Ratio
Highest In Premium
Daily Settlement Price
FII and DII Statistics
Open Interest: Highest In OI
Open Interest: Lowest In OI
Derivatives (F&O)
Open Interest: Increase in OI Increase in Price
Open Interest: Decline in OI Decrease in Price
Derivative Watch
Derivatives Dashboard
Historical Data
List of Underlyings & Underlying Info
Derivative Watch
Derivatives Dashboard
Market Reports
Top Gainers
Top Losers
Monthly High/Low
52 Week High
52 Week Low
Market Cap Gainers
Market Cap Losers
PE Ratio
>More Market Reports
IPO
News
IPO News
IPO Issue Reports
Commodity
Commodity Market
Commodity Home Page
Commodity News
Commodity Reports
Market Details
Get Quotes
Top Gainers
Top Losers
Top Volume
Top Value
Top Gainers Spot Market
Top Losers Spot Market
High & Low
Commodity Indices
Technical Analysis
Advance Declines
High & Low
Highest In OI
Lowest OI
Increase In Open Interest(%)
Descrease In Open Interest(%)
Currency
News
Currency News
Economy News
Currency Reports
Mutual Fund
News
Mutual Fund Home Page
Mutual Fund News
Mutual Fund Details
Mutual Fund Home Page
Scheme Profile
Mutual fund Investment
Mutual Fund Share Holding
Mutual Fund Statistics
Mutual fund Gainers
Mutual fund Losers
Biggest Schemes
Best Performers
Latest Dividend Details
Tools
Multi Scheme Comparison Tool
Dividend Details
Performance Map
Mutual fund Investment
Mutual fund Share Holding
Mutual Fund Search Category Rankings
Widgets
Stock Widgets
Watchlist
Heatmap
Mutual Fund Widgets
Watchlist
Wealth
World
Tips
Intraday Tips
Market Outlook
Stock Tips
Commodity Tips
Currency Tips
Reports
Short Term Investment Opportunities
Long Term Investment Opportunities
Sector Analysis
Commodity Reports
Currency Reports
Mutual Fund Analysis
Podcast
Videos
Videos Category
Business Videos
Budget Videos
News And Politics
Entertainment Videos
Sports Videos
Lifestyle And Fashion Videos
Global News Videos
More
Astrology
Women
Politics
Entertainment
Car&Bike
Gadgets
Lifestyle
Sports
Health
Fashion
Diwali Reports
Diwali Expert Reports
News
Stock Market
Commodities
Budget News
Expert Views
Broking Firm Views
Company News
Industry News
Economy News
Stock On The Move
Market Outlook
Beyond Market Sports
IPO Reports
IPO More News
Commodities Reports
Currency News
Mutual Fund More News
World Market More News
Astrology
Mutual Fund Analysis
Currency Report
Mutual Fund Expert Views
Budget Expert Views
Broking Firm Views - Sector Report
Broking Firm Views - Short Term Report
Broking Firm Views - Long Term Report
Top Stories
Top News
IPO Top News
Commodity Top News
Currency Top News
Mutual Fund Top News
World Top News
Beyond Market India
Beyond Market Entertainment
Beyond Market Car
Beyond Market Gadgets
Beyond Market Life Style
Beyond Market Health
Beyond Market Fashion
Wealth
Expert View Institution
Startup Speak
Budget 2024 Sector Reports
Budget Industry
Budget Wishlist
Startup Expections
Budget Economic Servey
Podcast Market Ki Awaaz
Startup
Budget Bites
Search
In-line performance; profitability improvement is key Motherson Sumi Wiring India’s (MSWIL) Q4FY23 EBITDAM at 11.2% was up 62bps QoQ, driven by operating leverage with revenues rising 11% QoQ. Gross margin surprised negatively with ~260bps QoQ decline (lowest since MSWIL got demerged) due to a combination of change in mix, copper price fluctuations, adverse currency hedges, etc. With new launches lined up in both ICE and EV segments across key OEMs, we are factoring-in reve...
Buy Motherson Sumi Wiring India Ltd For Target Rs.64 - ICICI Securities Ltd
MSUMI posted 12% YoY revenue growth and ~60bps QoQ margin increase to 11.2% (driven by cost efficiencies) in Q4, leading to a ~35% YoY rise in PAT. The slight miss in margins (our est. 12%) was on account of adverse commodity prices and forex, which should normalize in the coming quarters; underlying operating efficiency improvement has started to flow through. We continue to like MSUMI for 1) its dominant positioning (esp. PVs); 2) content per vehicle tailwinds from premiumization and electr...
Buy Motherson Sumi Wiring India Ltd For Target 66 - Emkay Global Financial Services
Motherson Sumi Wiring India Ltd reported a lower-than-expected quarterly profit on Tuesday as a rise in operating costs and other expenses ate into margins. The company, in which Japan's Sumitomo Wiring Systems holds a 25% stake, makes wiring harnesses and other electrical wires that are used in various cars and automotives, as well as in other industrial applications. Motherson Sumi's profit fell to 1.06 billion rupees ($12.81 million) for the third quarter Dec. 31, from ...
India`s Motherson Sumi Wiring misses Q3 profit view on higher costs
Q2 EBITDA-miss on one-time costs and lag in inflation pass-through Q2FY23 EBITDA declined by 3% YoY to Rs1.8bn, at 25% below our estimates owing to one-time costs relating to new capacities and extraordinary increase in imported components, freight & employee costs. Management expects margins to normalize on capacity ramp-up in new plants and pass-through of cost increases to customers. Revenue increased by 31% to Rs18.4bn, broadly in line with our estimates. We have reduced our FY23E ...
Buy Motherson Sumi Wiring India Ltd For Target 100 - Emkay Global Financial Services
Below est.; Higher RM, one-off costs hurt performance Investing for growth, driven by strong demand * 2QFY23 performance was adversely impacted by one-time costs incurred for new plants. While the new plants will weigh on near-term performance, strong demand is expected to drive strong revenue/PAT growth from FY24 onwards. * We lower our FY23E EPS by 16% to factor in for the one-off/transitory costs, but maintain our FY24 EPS estimates as new plants ramp up. We reiterate our Buy rati...
Buy Motherson Sumi Wiring India Ltd For Target Rs.105 - Motilal Oswal Financial Services
Superlative return ratio profile with fundamental levers for secular growth amid increasing content/vehicle About the stock: Motherson Sumi Wiring India (MSWIL) was established in 1986 as a JV with Sumitomo Wiring Systems (Japan). MSWIL is a leading, full-system wiring harness solutions provider in India catering to all major OEMs like Maruti Suzuki, Toyota Motors, Ashok Leyland, Tata Motors, etc. Listed on March 28, 2022. ? FY22 segment mix: PV: 60%; CV: 11%; 2-W: 12%; Others: 17% ?...
Buy Motherson Sumi Wiring India Ltd For Target Rs.105 - ICICI Direct
Load More