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Buy Samvardhana Motherson International Ltd For Target Rs.115 - Motilal Oswal Financial Services Guides for capex of up to INR33b in FY24 * MOTHERSO reported a healthy 1QFY24 performance as EBITDA grew ~72% YoY to INR19.2b (est. INR16.9b), led by operating efficiency and a softening in RM/energy prices. We believe the company should continue to benefit substantially from easing supply-side issues and receding cost headwinds, leading to strong growth and balance sheet deleverage. * We have increased our FY24E EPS by 6% to factor in a better operating performance across businesses an...
Buy Samvardhana Motherson International Ltd For Target Rs.115 - Motilal Oswal Financial Services
Buy Samvardhana Motherson International Ltd For Target Rs.115 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
18/08/2023 12:46:09 PM
Buy Samvardhana Motherson International Ltd For Target Rs.121 - Yes Securities Key global business continues to deliver Valuation and View Samvardhana Motherson (MOTHERSON) 1QFY24 performance continue to be healthy as reflected in the healthy revenue growth of 25.5% YoY at Rs224.6b (mostly organic as share of recent acquisition was Rs260m). The underlying industry growth volumes for global light vehicles segment grew ~16% YoY in 1QFY24. This was led by growth across business segments such as wiring harness revenues grew 25% YoY, SMP +27% and SMR at +32% YoY. Co co...
Buy Samvardhana Motherson International Ltd For Target Rs.121 - Yes Securities
Buy Samvardhana Motherson International Ltd For Target Rs.121 - Yes Securities
Source: Yes Securities Ltd
16/08/2023 1:04:30 PM
India`s Samvardhana Motherson misses Q1 profit view as higher costs weigh India's auto components maker Samvardhana Motherson International on Thursday reported a smaller-than-expected jump in first-quarter profit, as higher expenses offset performance at its modules and polymer products division. The company's consolidated net profit rose to 6.01 billion rupees ($72.60 million) for the quarter ended June 30 from 1.41 billion rupees a year earlier. Analysts, on average, expected a profit of 6.25 billion rupees, according to Refinitiv IBES data. &qu...
India`s Samvardhana Motherson misses Q1 profit view as higher costs weigh
India`s Samvardhana Motherson misses Q1 profit view as higher costs weigh
Source: Reuters
10/08/2023 5:35:31 PM
Samvardhana Motherson International moves up on acquiring 100% stake in Rollon Hydraulics Samvardhana Motherson International is currently trading at Rs. 99.06, up by 0.70 points or 0.71% from its previous closing of Rs. 98.36 on the BSE. The scrip opened at Rs. 98.36 and has touched a high and low of Rs. 99.40 and Rs. 98.01 respectively. So far 80485 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.80 on 28-Jul-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023. Last one week high and low of the ...
Samvardhana Motherson International moves up on acquiring 100% stake in Rollon Hydraulics
Samvardhana Motherson International moves up on acquiring 100% stake in Rollon Hydraulics
Source: Accord Fintech
1/08/2023 10:23:15 AM
Samvardhana Motherson International gains on inking pact to acquire Dr. Schneider Group Samvardhana Motherson International is currently trading at Rs. 99.00, up by 1.99 points or 2.05% from its previous closing of Rs. 97.01 on the BSE. The scrip opened at Rs. 97.96 and has touched a high and low of Rs. 100.50 and Rs. 96.91 respectively. So far 712562 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.50 on 25-Jul-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023. Last one week high and low of th...
Samvardhana Motherson International gains on inking pact to acquire Dr. Schneider Group
Samvardhana Motherson International gains on inking pact to acquire Dr. Schneider Group
Source: Accord Fintech
25/07/2023 12:19:32 PM
India`s Samvardhana Motherson buys Germany`s Dr. Schneider for $132 million Indian auto parts maker Samvardhana Motherson International (SMIL) said on Monday it made a second acquisition this month, buying Germany's Dr. Schneider Group for 118.3 million euros ($131.6 million). Dr. Schneider Group, a unit of Dr. Schneider Holding, manufactures interior components for vehicles such as panels and lighting. The German company had filed for insolvency in September 2022 due to "a failed operational and financial restructuring", Samvardhana Motherson sai...
India`s Samvardhana Motherson buys Germany`s Dr. Schneider for $132 million
India`s Samvardhana Motherson buys Germany`s Dr. Schneider for $132 million
Source: Reuters
24/07/2023 2:20:11 PM
Samvardhana Motherson International rises on acquiring 51% stake in SIAAIPL Samvardhana Motherson International is currently trading at Rs. 95.35, up by 0.31 points or 0.33% from its previous closing of Rs. 95.04 on the BSE. The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 96.26 and Rs. 95.25 respectively. So far 704725 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.03 on 13-Jul-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023. Last one week high and low of the ...
Samvardhana Motherson International rises on acquiring 51% stake in SIAAIPL
Samvardhana Motherson International rises on acquiring 51% stake in SIAAIPL
Source: Accord Fintech
14/07/2023 11:26:33 AM
Tech Stars : Biocon Ltd and Samvarshana Motherson International Ltd By Religare Broking Biocon Ltd. Buy Biocon Ltd. CMP:253.20, Initiation Range252-254, Stop Loss 242, Target 279 TECHNICAL RATIONALE – We are seeing noticeable traction across the pharma pack, after the breakout in the pharma index. Biocon has also resumed the trend post breakout from a reversal pattern with noticeable surge in the volumes. It has also reclaimed the long term moving average i.e. 200 EMA and forming a fresh buying pivot now. Traders should use this phas...
Tech Stars : Biocon Ltd and Samvarshana Motherson International Ltd By Religare Broking
Tech Stars : Biocon Ltd and Samvarshana Motherson International Ltd By Religare Broking
Source: Religare Broking Ltd
12/07/2023 12:34:23 PM
Buy Samvardhana Motherson International Target Rs. 98 - ICICI Securities Bettering portfolio via Yachiyo’s 4W biz acquisition; deal valuation attractive Samvardhana Motherson (SAMIL) has entered into an agreement with Honda Motors to acquire 81% stake in Yachiyo Industry's 4W component business (Honda group currently owns 51% stake in it and is a publicly listed entity) for an equity consideration of Euro145mn, with the entity being net cash. With 9% share in global car sunroof market and catering across key geographies, we believe this acquisition wo...
Buy Samvardhana Motherson International Target Rs. 98 - ICICI Securities
Buy Samvardhana Motherson International Target Rs. 98 - ICICI Securities
Source: ICICI Securities Ltd
6/07/2023 11:28:37 AM
Samvardhana Motherson zooms on inking agreement to acquire 81% stake in 4W business of Yachiyo Samvardhana Motherson International is currently trading at Rs. 90.30, up by 5.20 points or 6.11% from its previous closing of Rs. 85.10 on the BSE. The scrip opened at Rs. 90.61 and has touched a high and low of Rs. 92.50 and Rs. 88.73 respectively. So far 2162643 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.50 on 05-Jul-2023 and a 52 week low of Rs. 61.84 on 28-Mar-2023. Last one week high and low of the...
Samvardhana Motherson zooms on inking agreement to acquire 81% stake in 4W business of Yachiyo
Samvardhana Motherson zooms on inking agreement to acquire 81% stake in 4W business of Yachiyo
Source: Accord Fintech
5/07/2023 2:55:58 PM
Buy Samvardhana Motherson International Ltd For Target .100 - Motilal Oswal Financial Services Raises capex to cater to growth in India; SMRPBV order book at EUR19.7b * MOTHERSO’s 4QFY23 performance significantly beat our estimates, driven by improving supplies across key markets, resulting in margin gains across businesses. MOTHERSO will continue to benefit substantially from easing supply-side issues and receding cost headwinds, leading to strong growth and balance sheet deleverage. * We maintain our FY24/FY25 EPS estimates and our BUY rating with a TP of INR100 (premised...
Buy Samvardhana Motherson International Ltd For Target .100 - Motilal Oswal Financial Services
Buy Samvardhana Motherson International Ltd For Target .100 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2/06/2023 1:29:33 PM
Samvardhana Motherson International moves higher as its arm acquires additional 1.55% stake in SMR Jersey Samvardhana Motherson International is currently trading at Rs. 83.09, up by 3.09 points or 3.86% from its previous closing of Rs. 80.00 on the BSE. The scrip opened at Rs. 80.26 and has touched a high and low of Rs. 83.86 and Rs. 80.26 respectively. So far 424662 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.47 on 05-Apr-2022 and a 52 week low of Rs. 61.85 on 25-Oct-2022. Last one week high and low of the ...
Samvardhana Motherson International moves higher as its arm acquires additional 1.55% stake in SMR Jersey
Samvardhana Motherson International moves higher as its arm acquires additional 1.55% stake in SMR Jersey
Source: Accord Fintech
6/03/2023 10:43:03 AM
Buy Samvardhana Motherson International Target Rs. 110 - JM Financial Institutional Securities Compelling play on global auto recovery; Reiterate Buy SAMIL at its recent ‘Vision 2025’ mid-term review meet signalled its intent to reach close to USD36bn revenue by FY25. While this acquisition-fuelled revenue target maybe difficult to come by, we believe the worst is largely behind for the company. Recovery in global automotive production (after a gap of 3 years), receding concerns on supply issues and rising content per vehicle (led by premiumization/shift towards EVs) is ...
Buy Samvardhana Motherson International Target Rs. 110 - JM Financial Institutional Securities
Buy Samvardhana Motherson International Target Rs. 110 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
1/03/2023 12:15:28 PM
Buy Samvardhana Motherson International Ltd For Target Rs.101 - Emkay Global Financial Services SAS acquisition – Ticking the right boxes SAMIL’s announcement of 100% acquisition of SAS Autosystemtechnik GmbH (SAS) at EV of EUR540mn (refer: press release, Company presentation) entails an all-round strategic fit providing entry into the new product segment (cockpit module assembly) with global leadership position (~20% share), meaningful acquisition size (~10% addition to consol. revenue), headroom for organic growth/synergy benefits through backward integration (~10% reve...
Buy Samvardhana Motherson International Ltd For Target Rs.101 - Emkay Global Financial Services
Buy Samvardhana Motherson International Ltd For Target Rs.101 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
23/02/2023 10:58:40 AM
Buy Samvardhana Motherson International Target Rs. 110 - ICICI Securities Scaling up – inorganically and profitably Samvardhana Motherson International (SAMIL) has reached an agreement to acquire 100% equity stake in SAS Autosystemtechnik GmbH from Faurecia for an enterprise value of EUR540mn. SAS is a leading global provider of cockpit module assemblies for cars with manufacturing facilities/offices across 12 countries with a total headcount of ~5,000. For SAS, ~50% of its revenue comes from EV programmes and its largest customer is a leading global EV ma...
Buy Samvardhana Motherson International Target Rs. 110 - ICICI Securities
Buy Samvardhana Motherson International Target Rs. 110 - ICICI Securities
Source: ICICI Securities Ltd
21/02/2023 11:57:37 AM
Samvardhana Motherson International rises as its arm to acquire 100% stake in SAS Autosystemtechnik GmbH Samvardhana Motherson International is currently trading at Rs. 82.30, up by 2.75 points or 3.46% from its previous closing of Rs. 79.55 on the BSE. The scrip opened at Rs. 81.90 and has touched a high and low of Rs. 84.20 and Rs. 81.30 respectively. So far 1304094 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 110.89 on 18-Feb-2022 and a 52 week low of Rs. 61.85 on 25-Oct-2022. Last one week high and low of th...
Samvardhana Motherson International rises as its arm to acquire 100% stake in SAS Autosystemtechnik GmbH
Samvardhana Motherson International rises as its arm to acquire 100% stake in SAS Autosystemtechnik GmbH
Source: Accord Fintech
20/02/2023 2:44:46 PM
Add Samvardhana Motherson Ltd For Target Rs. 96 - Yes Securities Healthy execution drive outperformance Valuation and View Samvardhana Motherson (MOTHERSON) 3QFY23 reported a healthy beat of 14%/10% at revenue/EBITDA to our estimates. The underlying industry growth volumes for global light vehicles segment were at flat YoY (v/s co’s revenues grew 11% QoQ). This was led by growth across business segments such as especially in SMR/SMP where revenues grew at 7.7%/8.4% QoQ in Euro terms. Further, new order wins in emerging business such as lighting...
Add Samvardhana Motherson Ltd For Target Rs. 96 - Yes Securities
Add Samvardhana Motherson Ltd For Target Rs. 96 - Yes Securities
Source: Yes Securities Ltd
10/02/2023 3:33:47 PM
Buy Samvardhana Motherson International Ltd For Target Rs.97 - Emkay Global Financial Services Q3 EBITDA in line with estimates; sales rampup, cost pass-through to aid growth * For Q3FY23, SMIL’s consol. revenue grew by 25% YoY to Rs202.3bn, above our estimates due to better revenues in SMRPBV and the standalone divisions. Consol. EBITDA grew by 46% YoY to Rs15.8bn, in line with our estimates. Management expects margin expansion ahead, on cost pass-through, energy cost deflation and better scale. We expect 10% revenue CAGR over FY23-25E, driven by the industry upcycle across r...
Buy Samvardhana Motherson International Ltd For Target Rs.97 - Emkay Global Financial Services
Buy Samvardhana Motherson International Ltd For Target Rs.97 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
10/02/2023 2:25:28 PM
India's Samvardhana Motherson Q3 profit jumps 85% Indian auto components maker Samvardhana Motherson International Ltd said its third-quarter profit jumped 85%, meeting estimates, helped by a recovery in demand for vehicles in Europe and at home. The Noida-based company, formerly known as Motherson Sumi Systems, reported a consolidated profit of 4.54 billion rupees ($55.03 million) for the quarter, compared to 2.45 billion rupees a year ago. Analysts on average had expected a profit of 4.53 billion rupees, according to Refinitiv IBSE d...
India's Samvardhana Motherson Q3 profit jumps 85%
India's Samvardhana Motherson Q3 profit jumps 85%
Source: Reuters
8/02/2023 4:56:05 PM
Samvardhana Motherson inches up on raising Rs 600 crore via NCDs Samvardhana Motherson International is currently trading at Rs. 73.45, up by 0.15 points or 0.20% from its previous closing of Rs. 73.30 on the BSE. The scrip opened at Rs. 73.65 and has touched a high and low of Rs. 73.80 and Rs. 73.25 respectively. So far 27518 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.06 on 24-Jan-2022 and a 52 week low of Rs. 61.85 on 25-Oct-2022. Last one week high and low of the ...
Samvardhana Motherson inches up on raising Rs 600 crore via NCDs
Samvardhana Motherson inches up on raising Rs 600 crore via NCDs
Source: Accord Fintech
24/01/2023 10:40:04 AM
Buy Samvardhana Motherson International Ltd For Target Rs 115 JM Financial Institutional Securities Samvardhana Motherson International  Compelling play on global auto recovery; Reiterate Buy SAMIL at its recent ‘Vision 2025’ mid-term review meet signalled its intent to reach close to USD36bn revenue by FY25. While this acquisition-fuelled revenue target maybe difficult to come by, we believe the worst is largely behind for the company. Recovery in global automotive production (after a gap of 3 years), receding concerns on supply issues and rising content per vehicle ...
Buy Samvardhana Motherson International Ltd For Target Rs 115 JM Financial Institutional Securities
Buy Samvardhana Motherson International Ltd For Target Rs 115 JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
10/01/2023 2:33:02 PM
Buy Samvardhana Motherson International Ltd For Target Rs.110 - ICICI Securities Aiming to treble scale in next three years Samvardhana Motherson International (SAMIL) is targeting to treble its revenue to US$36bn in next 3-4 years through a mix of organic and inorganic growth with 25% of the revenue mix aimed to come from the non-auto segment (currently it is sub-3%). Besides, by focusing on capital allocation, efficient working capital management and improved profitability, SAMIL is aiming to maintain its targeted RoCE of 40% for the envisaged US$36bn entity, post ta...
Buy Samvardhana Motherson International Ltd For Target Rs.110 - ICICI Securities
Buy Samvardhana Motherson International Ltd For Target Rs.110 - ICICI Securities
Source: ICICI Securities Ltd
22/12/2022 1:55:47 PM
Buy Samvardhana Motherson International Ltd For Target Rs.95 - Motilal Oswal Financial Services Vision 2025: Aspirations unchanged… …normalization of global PV production, content enrichment and M&A In MOTHERSO’s Vision 2025 mid-way update meet, Mr Laksh Vaaman Sehgal (Director) shared the strategy and levers to meet the company’s targets as well as showcased its work in the futuristic products and segments (non-autos). Apart from acquisitions, a large part of organic drivers are linked to improvement in production of global PVs, continued benefit of ...
Buy Samvardhana Motherson International Ltd For Target Rs.95 - Motilal Oswal Financial Services
Buy Samvardhana Motherson International Ltd For Target Rs.95 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
9/12/2022 11:17:40 AM
Buy Samvardhana Motherson International Ltd For Target Rs.94 - Emkay Global Financial Services * We attended Samvardhana Motherson International’s (SAMIL’s) analyst meet, where Management re-iterated its aspirational target to increase revenue to USD36bn in FY25 from USD10bn in FY22, driven by both organic growth and acquisitions. * Company expects robust organic growth over FY22-25E, owing to pick-up in underlying industry, better content per vehicle (CPV) and revenue surge in nascent segments. CPV is expected to notably increase due to premiumization/electrification. ...
Buy Samvardhana Motherson International Ltd For Target Rs.94 - Emkay Global Financial Services
Buy Samvardhana Motherson International Ltd For Target Rs.94 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
5/12/2022 3:36:55 PM
Buy Samvardhana Motherson International Ltd For Target Rs.110 - ICICI Securities Strong execution in a challenging environment Samvardhana Motherson International’s (SAMIL) Q2FY23 EBITDA margin at 7.7%, up 160bps QoQ, was a positive surprise led by 180bps QoQ reduction in manpower cost, as start-up cost for new facilities was included in the base of Q1FY23. SAMIL reported its all-time high quarterly revenue at Rs183bn in challenging market conditions amidst chip-supply issues, EU geopolitical challenges and China lockdown impacting demand. SAMIL’s continued...
Buy Samvardhana Motherson International Ltd For Target Rs.110 - ICICI Securities
Buy Samvardhana Motherson International Ltd For Target Rs.110 - ICICI Securities
Source: ICICI Securities Ltd
1/12/2022 3:23:12 PM
Buy Samvardhana Motherson International Ltd For Target Rs.115 - JM Financial Institutional Securities Easing supplies & commodity costs to drive earnings In 2QFY23, SAMIL reported EBITDA margin of 7.7% (+100bps YoY, +160bps QoQ), 70bps above JMFe. Sequential improvement in margin was led by pass-through of inflationary costs, cost control initiatives and positive operating leverage. Management highlighted that demand remains strong in North America and China while premiumization is helping offset muted growth in Europe. Order book continues to grow, led by rising share of EVs (37% vs. ...
Buy Samvardhana Motherson International Ltd For Target Rs.115 - JM Financial Institutional Securities
Buy Samvardhana Motherson International Ltd For Target Rs.115 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
1/12/2022 2:27:30 PM
Buy Samvardhana Motherson International Ltd For Target .95 - Motilal Oswal Financial Services Strong recovery in seasonally weak quarter Order book at EUR18.2b with EVs contributing 37% * MOTHERSOs’ 2QFY23 performance was above estimates, driven by rebound in the auto production across geographies and the benefits of partial cost inflation pass-through. MOTHERSO will benefit substantially from easing supply side pressures and receding cost headwinds, thereby driving strong growth and balance sheet deleverage. * We cut our FY22E/FY23E EPS by 4%/5.5%, respectively, to fac...
Buy Samvardhana Motherson International Ltd For Target .95 - Motilal Oswal Financial Services
Buy Samvardhana Motherson International Ltd For Target .95 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
16/11/2022 12:15:38 PM
Buy Samvardhana Motherson International Ltd For Target Rs.93 - Yes Securities Healthy order wins to speed up earnings Valuation and View Samvardhana Motherson (MOTHERSON) 2QFY23 reported a healthy beat of 25%/22% at EBITDA to out/street estimates. Such a strong beat was driven by higher than expected QoQ ramp?up across business, especially SMR where revenue grew 16% (v/s 4% at SMP). This was led by recovery in volumes from North America and Chinese markets where SMR do have large market share with organized OEMs. Also at co level, contribution of premium variants...
Buy Samvardhana Motherson International Ltd For Target Rs.93 - Yes Securities
Buy Samvardhana Motherson International Ltd For Target Rs.93 - Yes Securities
Source: Yes Securities Ltd
14/11/2022 11:21:50 AM
Update On Samvardhana Motherson International Ltd By ICICI Direct Macro uncertainty prevails, better switch to MSWIL… About the stock: Samvardhana Motherson International (SAMIL) (erstwhile Motherson Sumi) primarily serves the global PV industry with wiring harnesses, vision systems (mirrors) and plastic body parts as key product lines. * History of successful turnarounds in acquisitions and inorganic-led growth * SMRPBV order book was at €16.1 billion as of FY22 Key highlight: * SAMIL, in the recent past, informed exchanges about...
Update On Samvardhana Motherson International Ltd By ICICI Direct
Update On Samvardhana Motherson International Ltd By ICICI Direct
Source: ICICI Direct
30/09/2022 2:46:14 PM
Whoopi Goldberg had elevator 'fart war' with Robin Williams, Billy Crystal Hollywood actress Whoopi Goldberg was once involved in an elevator "fart war" with late star Robin Williams and actor Billy Crystal, according to her granddaughter. Amara Skye Dean shared her "favourite" story from the 'View' co-host, 66, on Entertainment Weekly's clip from 'Claim to Fame' on Monday, reports 'Page Six'. The tale involved Williams, who died in 2014 at age 65, and his 'Father's Day' co-star, 74. "(She), R...
Whoopi Goldberg had elevator 'fart war' with Robin Williams, Billy Crystal
Whoopi Goldberg had elevator 'fart war' with Robin Williams, Billy Crystal
Source: IANS
9/08/2022 2:17:34 PM