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Hold Motherson Sumi Wiring India Ltd For Target Rs.72 By Choice Broking Ltd MSWIL, in Q2FY25 delivered decent performance on revenue front but lower than expected on margin front. Revenue during the quarter increased by 10.3% YoY to Rs.23.26bn vs est of Rs.22.51bn. Margin for the quarter came at 10.7% (-125bps YoY/- 20bps QoQ) impacted by higher other expenditure attributed to new plant setup. EBIDTA decreased by 1.3% YoY to Rs.2.5bn vs est of Rs.2.54bn and Net profit decreased by 2.4% YoY to Rs.1.52bn vs est of Rs.1.6bn. Company is planning to increase capac...
Hold Motherson Sumi Wiring India Ltd For Target Rs.72 By Choice Broking Ltd
Hold Motherson Sumi Wiring India Ltd For Target Rs.72 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-24 06:01:08 pm
Reduce Motherson Sumi Wiring India Ltd For Target Rs. 72 By Choice Broking Ltd MSWIL, in Q1FY25 delivered lower than expected performance on revenue and margin front. Revenue during the quarter increased by 16.7% YoY to Rs.21.85bn vs est of Rs.24.11bn. Margin for the quarter came at 10.9% (-14bps YoY/-212bps QoQ) impacted by higher other expenditure attributed to new plant setup. EBIDTA jumped by 15.3% YoY to Rs.2.4bn vs est of Rs.3.15bn and Net profit jumped by 21% YoY to Rs.1.48bn vs est of Rs.2.16bn. Company is planning to increase capacity by 10-15% which is expe...
Reduce Motherson Sumi Wiring India Ltd For Target Rs. 72 By Choice Broking Ltd
Reduce Motherson Sumi Wiring India Ltd For Target Rs. 72 By Choice Broking Ltd
Source: Choice Broking
2024-08-07 02:04:18 pm
Buy Motherson Wiring Ltd. for Target Rs. 80 - Motilal Oswal Financial Services Marginal miss at EBITDA due to higher other expenses Management has guided for capex of INR2b for FY25 vs. INR1.1b in FY24 * Motherson Wiring’s (MSUMI’s) 4QFY24 result was marginally below estimate as EBITDA came in at INR2.9b (est. INR3.05b), up 34% YoY, led by higher other expenses. It is currently in the process of adding two new facilities, which will increase the existing capacity by 10-15%. This will get operational by 1QFY25. * We slightly tweak our FY25 estimates...
Buy Motherson Wiring Ltd. for Target Rs. 80 - Motilal Oswal Financial Services
Buy Motherson Wiring Ltd. for Target Rs. 80 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-30 03:06:52 pm
Sell Motherson Sumi Wiring India Ltd.for Target Rs. 62 by Elara Capital Revenue growth QoQ underperforms PV growth EBITDA margin expansion led by improving mix Motherson Sumi Wiring India’s (MSUMI IN) Q4 revenue rose 19% YoY and 5.6% QoQ to INR 22.3bn, ahead of our estimates. QoQ revenue growth at 5% underperformed production growth for the PV industry at 18%. Q4 EBITDA surged 34% YoY and 11% QoQ to INR 2.9bn, with margin at 13% (up 147bps YoY/66bps QoQ), on better product mix and improving operating leverage, with operations stabilizing at new facili...
Sell Motherson Sumi Wiring India Ltd.for Target Rs. 62 by Elara Capital
Sell Motherson Sumi Wiring India Ltd.for Target Rs. 62 by Elara Capital
Source: Elara Capital
2024-06-05 04:34:21 pm
Buy Motherson Sumi Wiring India Ltd. For Target Rs. 74 - Choice Broking MSWIL outperformed on all fronts due to richer product mix and stable RM prices. Revenue during the quarter jumped by 19.8% YoY to Rs.22.33bn vs est of Rs.26.1bn. Margin for the quarter came at 13% (+182bps YoY/+67bps QoQ) supported by operating leverage and lower RM cost. EBIDTA jumped by 39% YoY to Rs.2.91bn vs est of Rs.191bn and Net profit jumped by 38% YoY to Rs.1.91bn vs est of Rs.2.1bn. Management expects going forward margin expansion would be supported by higher volume, cost reduc...
Buy Motherson Sumi Wiring India Ltd. For Target Rs. 74 - Choice Broking
Buy Motherson Sumi Wiring India Ltd. For Target Rs. 74 - Choice Broking
Source: Choice Broking
2024-05-18 10:28:39 am
Buy Motherson Sumi Wiring India Ltd For Target Rs.70 - Motilal Oswal Financial Services Lower gross margin offset by operating leverage New facilities ramped up to 70-80% capacity utilization * 2QFY24 results miss estimate as EBITDA margin came in at 11.8% (vs. est 12.7%). This shortfall was due to lower gross margins and the gradual rampup of new orders, where operational efficiencies are still being established. However, we expect EBITDA margin to improve by 100bp over the next two quarters and reach close to FY22 levels, led by cost pass-through and ramp up in new facil...
Buy Motherson Sumi Wiring India Ltd For Target Rs.70 - Motilal Oswal Financial Services
Buy Motherson Sumi Wiring India Ltd For Target Rs.70 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-07 11:42:21 am