MOTHERSON

Samvardhana Motherson International share price & financials

Price
₹145.54
Market cap
₹1.8L Cr
Sector
Automobile and Auto Components
Calls analysed
7
Latest concall · Q1 FY27 · call held 06 Aug 2026

Samvardhana Motherson International Limited Q1 FY27

Revenue Growth 17% +17%EBITDA Growth 26% +26%EBITDA Margin Improvement 60 bps Normalized PAT Growth 55% +55%

What went well

  • Revenue reached a highest-ever quarterly figure in Q1 FY27, growing 17% year-on-year and 3% sequentially.
  • EBITDA grew 26% during the quarter, ahead of revenue growth, with EBITDA margin improving by 60 basis points year-on-year.
  • Normalized PAT grew 55% in Q1 FY27, and reported PAT grew 102% due to base quarter normalization.

What to watch

  • The global light vehicle industry de-grew by 1.8% year-on-year, primarily led by a 3.1% decline in China.
  • Copper prices rose 4% sequentially and 40% year-on-year, creating near-term input cost pressures due to a 1-2 quarter pass-through lag.
Read the full call →

What Samvardhana Motherson International Limited does

Samvardhana Motherson International is a globally diversified auto-components supplier that designs and manufactures wiring harnesses, rear-view vision systems (mirrors), polymer modules and integrated assemblies for the world's major vehicle makers. It earns by supplying these systems directly to OEMs across passenger cars, commercial vehicles, two-wheelers and off-highway vehicles under long-term, largely full-service manufacturing arrangements, and is expanding into non-automotive areas such as aerospace, consumer electronics, health & medical, logistics and technology solutions. The group grows through a mix of greenfield plants near customer sites and bolt-on acquisitions and joint ventures.

Segments

  • Wiring Harness
  • Vision Systems
  • Modules and Polymer Products (MPP)
  • Integrated Assemblies
  • Emerging Businesses
Countries with operations
44+
Facilities worldwide
425+
Employees / team size
200,000+
Facilities under construction / expansion (Q4 FY26)
16
Vehicle segments served
Passenger cars, commercial vehicles, 2-wheelers, off-highway & rolling stock
Business verticals
Wiring harness, vision systems, polymer modules, integrated assemblies, plus aerospace, consumer electronics, health & medical, logistics and technology solutions
Founded 1975Headquarters Noida, Uttar Pradesh, IndiaEmployees 2,00,000 (FY2025 (over 200,000)) Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 9 delivered 2 missed 8 open
  • Nexon Acquisition Closure delivered said Q4 FY26 Promised: We expect the closure sometime in the end of June, beginning of July. Q1 FY27: The acquisition of Nexans Autoelectric was completed in July, meeting the guided timeline.
  • Net Debt to EBITDA delivered said Q2 FY26 Promised: We expect the leverage ratio to be around 0.9 by the end of the year [FY26]. Q1 FY27: The leverage ratio was maintained at the all-time low of 0.8x. The promise, having been achieved in the target period, was not discussed.
  • FY27 CAPEX on track said Q4 FY26 Promised: For FY27, we expect capex of approximately INR 6,000 Crores plus/minus 10%, of this 50% will be growth capex and 50% maintenance capex. Q1 FY27: Spent INR 1,614 crores on capex, which is in line with the full-year guidance of INR 6,000 crores +/- 10%.

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 16.7%, net profit up 77.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue27,812 27,666 29,317 30,212 30,173 +8%31,409 +14%34,309 +17%35,244 +17%
EBITDA2,448 2,686 2,643 2,458 2,611 +7%3,043 +13%3,791 +43%3,096 +26%
Net profit949 984 1,115 606 846 −11%1,072 +9%1,562 +40%1,076 +78%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +63.5% 1Y

₹100₹120₹140₹160Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 20 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹100.6 on 10 Sept 2025 → ₹164.45. High ₹170.68 (31 Aug 2026), low ₹100.6 (10 Sept 2025).

How the price took the results

close before → close after

Q1 FY27
+0.4%
6 Aug
Q4 FY26
+0.5%
20 May
Q3 FY26
+4.0%
10 Feb
Q2 FY26
+3.0%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 17.0% a year over 3 years, FY23 to FY26. Operating margin widened to 9.4%.

Year endingFY23FY24FY25FY26
Revenue₹78.7k Cr₹98.6k Cr₹113.7k Cr₹126.1k Cr
Operating profit₹6.2k Cr₹9.1k Cr₹10.6k Cr₹11.9k Cr
Operating margin7.8%9.2%9.3%9.4%
Interest₹780 Cr₹1.8k Cr₹1.9k Cr₹1.6k Cr
Depreciation₹3.1k Cr₹3.8k Cr₹4.5k Cr₹5.1k Cr
Net profit₹1.7k Cr₹3.0k Cr₹4.1k Cr₹4.1k Cr
Net margin2.1%3.1%3.6%3.2%
Cash from operations₹4.6k Cr₹7.6k Cr₹6.3k Cr₹11.3k Cr
Free cash flow₹2.5k Cr₹3.6k Cr₹1.9k Cr₹5.4k Cr
ROCE9.0%14.0%14.0%13.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹316 Cr₹452 Cr₹678 Cr₹678 Cr₹1.1k Cr₹1.1k Cr
Reserves₹12.2k Cr₹20.1k Cr₹21.8k Cr₹25.5k Cr₹36.1k Cr₹39.9k Cr
Borrowings₹11.9k Cr₹14.1k Cr₹13.8k Cr₹19.9k Cr₹19.8k Cr₹19.2k Cr
Other liabilities₹23.3k Cr₹21.0k Cr₹25.1k Cr₹38.1k Cr₹43.9k Cr₹49.3k Cr
Total liabilities₹47.7k Cr₹55.7k Cr₹61.3k Cr₹84.2k Cr₹100.8k Cr₹109.4k Cr
Fixed assets₹20.1k Cr₹21.4k Cr₹23.1k Cr₹30.1k Cr₹35.6k Cr₹38.5k Cr
Capital work in progress₹877 Cr₹1.3k Cr₹1.5k Cr₹2.5k Cr₹3.1k Cr₹4.1k Cr
Investments₹846 Cr₹6.5k Cr₹6.3k Cr₹6.5k Cr₹6.7k Cr₹7.2k Cr
Other assets₹25.9k Cr₹26.5k Cr₹30.4k Cr₹45.0k Cr₹55.4k Cr₹59.6k Cr
Total assets₹47.7k Cr₹55.7k Cr₹61.3k Cr₹84.2k Cr₹100.8k Cr₹109.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.38 pp while FIIs added +0.24 pp. The shareholder count shrank 8% to 11,93,976.

Promoters
48.6%
FIIs
12.9%
DIIs
20.6%
Government
0.1%
Public
17.7%
Others
0.2%

Since Jun 2025

  • Public −0.38 pp
  • FIIs +0.24 pp
  • Others +0.22 pp

How it drifted, 12 quarters

Over this window promoters fell from 64.8% to 48.6% — −16.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.8%, FIIs 11.4%, DIIs 14.9%, Government 0.1%, Public 8.8%.Dec '23: Promoters 64.8%, FIIs 10.8%, DIIs 15.3%, Government 0.1%, Public 9.1%.Mar '24: Promoters 60.4%, FIIs 12.4%, DIIs 18.1%, Government 0.1%, Public 9.0%.Jun '24: Promoters 60.4%, FIIs 12.9%, DIIs 18.0%, Government 0.1%, Public 8.7%.Sep '24: Promoters 58.1%, FIIs 13.5%, DIIs 19.8%, Government 0.1%, Public 8.6%.Dec '24: Promoters 58.1%, FIIs 14.3%, DIIs 19.2%, Government 0.1%, Public 8.3%.Mar '25: Promoters 58.1%, FIIs 12.4%, DIIs 21.0%, Government 0.1%, Public 8.4%.Jun '25: Promoters 48.6%, FIIs 12.6%, DIIs 20.7%, Government 0.1%, Public 18.1%.Sep '25: Promoters 48.6%, FIIs 12.0%, DIIs 21.0%, Government 0.1%, Public 18.4%.Dec '25: Promoters 48.6%, FIIs 11.8%, DIIs 21.6%, Government 0.1%, Public 17.9%, Others 0.1%.Mar '26: Promoters 48.6%, FIIs 12.4%, DIIs 21.1%, Government 0.1%, Public 17.6%, Others 0.2%.Jun '26: Promoters 48.6%, FIIs 12.9%, DIIs 20.6%, Government 0.1%, Public 17.7%, Others 0.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 5 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Samvardhana Motherson International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sehgal Family Trust (Shri Sehgals Trustee Company Private Limited, Trustee) 13.22%unchanged
Mr. Vivek Chaand Sehgal 12.49%unchanged
Renu Sehgal Trust (1. Shri Sehgals Family Trustee Company Private Limited, Trustee; 2. Ms. Geeta Soni jointly with Mr. Laksh Vaaman Sehgal, Trustees) 11.96%unchanged
Sumitomo Wiring Systems Limited 9.37%unchanged
Radha Rani Holdings Pte Ltd 7.33%unchanged
Nippon Life India Trustee Ltd- A/C Nippon India Gr Mutual fund2.99%−0.38 pp
Quant Mutual Fund-Quant ELSS Tax Saver Fund Mutual fund2.19%newly disclosed
SBI Large & Midcap Fund Mutual fund2.13%newly disclosed
ICICI Prudential Manufacturing Fund Mutual fund2.04%newly disclosed
LICI New Endowment Plus-Secured Fund Insurer1.67%newly disclosed
Motherson Engineering Research And Integrated Tech 1.60%unchanged
Motilal Oswal Nifty 500 ETF Mutual fund1.43%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in MOTHERSON

Filings to Aug 2026

1 new, 15 added, 11 trimmed, 0 sold out — net −15.66 L shares (−0.3%).

Held by funds
₹9.9k Cr
46 schemes
Biggest holder
SBI Large Cap Fund
₹2.1k Cr · 3.8% of that fund
SchemeHoldingLast month
SBI Large Cap Fund SBI Mutual Fund₹2.1k Crheld
Nippon India Large Cap Fund Nippon India Mutual Fund₹1.1k Crheld
Nippon India Multi Cap Fund Nippon India Mutual Fund₹995 Crheld
Nippon India Growth Mid Cap Fund Nippon India Mutual Fund₹888 Crheld
SBI Contra Fund SBI Mutual Fund₹568 Crheld
Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund₹512 Cr−50.00 L
SBI Large and Midcap Fund SBI Mutual Fund₹341 Cr−73.00 L
SBI ELSS Tax Saver Fund SBI Mutual Fund₹341 Cr+168.02 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

15 added, 11 trimmed — net −15.66 L shares (−0.3%)

Funds are sitting on
+41%
vs est. average cost
Held by funds
₹9.9k Cr
46 schemes · ≈ 4.8% of the company
Biggest holder
SBI Large Cap Fund
₹2.1k Cr · 3.8% of that fund
Longest holder
Nippon India Retirement Fund - Wealth Creation Scheme
11y · since Sep '15

Shares held by these funds +159%

Aug '23 58.12 cr shares Jul '26

What the price assumes

Attractive

To justify its price of ₹164, this stock must grow earnings at 26% every year for 7 years. Our analysis caps realistic growth at ~35%. At that growth it is worth ₹261 — upside of 59%.

Growth the price implies
26.0% a year
for 7 years, fading to 4%
It has actually compounded at
34.7% a year
net profit, FY23–FY26 · EPS 35.4%
The gap
-0.1 pp
59% downside if it only repeats history
Price today ₹164.45 Value at the reference growth ₹260.79

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Samvardhana Motherson International Limited

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