Samvardh. Mothe.

FY'25 marked Motherson's 50th anniversary with exceptional financial performance, delivering best-ever results across all metrics. From humble beginnings with Rs. 1,000 investment in 1975, the company achieved Rs. 113,600 crores net revenue, demonstrating the power of disciplined reinvestment and execution. The board announced a 1:2 bonus issue to celebrate this milestone, while Vision 2025 concluded successfully with 19% revenue CAGR, 21% EBITDA CAGR, and remarkable 68% PAT CAGR over the 5-year period despite unprecedented^🌐 global challenges^🌐 including COVID, semiconductor shortages, and geopolitical conflicts.

The company's strategic diversification into aerospace and consumer electronics gained significant momentum. Aerospace business achieved 5x growth in one year, became Tier 1 supplier to Airbus, and built a $1.3 billion order book. Consumer electronics rapidly ramped up with first plant achieving record-time commissioning and targeting 15-17 million units capacity by end FY'26. Vision Systems vertical secured $400+ million lifetime sales in CV camera monitoring systems. Total non-automotive order book reached $2.7 billion, validating the expansion strategy.

Management revealed Vision 2030 target of $108 billion revenue while maintaining 40% ROCE, representing massive scale expansion from current $25.7 billion gross revenue base. The announcement builds on proven execution track record with all 47 acquisitions performing well due to customer-backed approach. September investor conference will detail the roadmap, but early indicators suggest continued focus on diversification, technology advancement, and global expansion. The target reflects management's confidence in long-term growth opportunities across multiple industries.

Despite global auto production declining 1% and developed markets facing structural changes, Motherson outperformed through operational agility and geographical diversification. The globally-local strategy proved effective with majority of U.S. sales being USMCA compliant and minimal tariff exposure. However, trade uncertainties led to Rs. 2,000 crores working capital expansion through pre-buying and safety stock buildup. European operations faced challenges requiring EUR 50 million transformative measures to optimize costs and breathing with market changes.

The company maintained exceptional financial discipline with net debt-to-EBITDA improving to historic low of 0.9x despite record investments. ROCE of 17.2% (normalized to 18%+ adjusting for working capital and new facilities) demonstrates efficient capital allocation. The strong balance sheet provides flexibility for continued M&A activity and growth investments. FY'26 CAPEX guidance of Rs. 6,000 crores (50% growth-oriented, majority toward non-automotive) reflects commitment to diversification while maintaining financial prudence.