Motherson Wiring Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 17 Aug 2026 | Auto Components | Market Cap: ₹25.4K Cr

The company is bullish on the Indian automotive market and expects strong long-term growth despite short-term hiccups. The company is bullish on the Indian automotive market and expects strong growth over the long term.

From Motherson Wiring's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹38.36

Market Cap

₹25.4K Cr

P/E Ratio

40.5

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Motherson Wiring — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹3.3K Cr, net profit ₹167 Cr.

Full financials →

📊 Revenue & Sales Performance

→The company is bullish on the Indian automotive market and expects strong long-term growth despite short-term hiccups.
→Greenfield plants are anticipated to ramp up volumes gradually, targeting an annualized revenue run rate of around INR 2,000 crores across the three new plants.
→Current utilization rates: Kharkhoda (~80%), Navagam (~60%), Pune (~40-50%), with expectations of increased volumes over the next 1.5 to 2 quarters.
→The company plans to expand capacity backed by firm customer orders, focusing on diversifying customers, countries, vehicle segments (including 2-wheelers and commercial vehicles).
→Capex for FY27 is expected around INR 200 crores, including greenfield expansions, automation, and replacements.
→The team aims to win new business consistently to sustain revenue and volume growth.
→Overall sales grew approximately 33% year-on-year, driven largely by volume growth beyond commodity price pass-throughs.

📈 Profitability & Margins

→The company is bullish on the Indian automotive market and expects strong growth over the long term.
→Greenfield plants are currently under ramp-up with utilization around 40%-80%; full capacity utilization is expected to improve margins and profitability.
→Revenue from greenfield plants is expected to reach around INR 2,000 crores annually.
→Capex for FY27 is guided around INR 200 crores, focused on greenfield expansion, automation, digitization, and replacement capex.
→Start-up costs impacting profitability are expected to normalize as volumes ramp up.
→Margins are expected to bounce back if copper prices stabilize, as copper cost is passed through to customers with a lag.
→The company targets maintaining strong ROCE (~40%) rather than focusing on plant-wise margins.
→Manpower cost growth is expected to normalize after the recent spurt related to new plant setups.
→Overall, earnings and operating profits are expected to grow steadily with market recovery and volume ramp-ups.

See what Motherson Wiring said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Capex for FY '27 is guided to be approximately INR 200 crores, largely in line with the current year.
→The capex will be a combination of:
→ - Expansion of greenfield plants based on firm customer orders.
→ - Automation and digitization initiatives.
→ - Replacement capex at existing plants.
→Greenfield expansions are backed by firm customer commitments; no plants are built without orders.
→Start-up costs from greenfield plants have impacted profitability for nearly 2 years but will improve as volumes ramp up.
→Utilization of greenfield plants is increasing, with a quarterly revenue run rate around INR 440 crores, targeting an annualized run rate of INR 2,000 crores.
→Focus remains on capturing growth from OEM expansions, with efforts to diversify customer base and product mix to mitigate risks.

💰 Fundraising & Capital Structure

→There is no mention of any current or future fundraising through debt or equity in the provided transcript.
→The company highlights maintaining a debt-free status since inception.
→Capital expenditure (capex) plans for FY '27 are around INR 200 crores, focused on greenfield expansions, automation, digitization, and replacement capex, all backed by firm customer orders.
→Expansion and capex decisions are closely linked to firm customer commitments; the company does not build plants without confirmed orders.
→The focus is on disciplined capital allocation with no indications of raising funds through debt or equity at this time.

See what Motherson Wiring said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→Motherson Sumi Wiring India Limited is actively winning new orders across all powertrains: ICE, EV, and hybrid.
→The company emphasizes securing firm customer orders before initiating any capex or plant expansion.
→There is a focus on expanding capacity at greenfield plants backed by confirmed orders.
→The greenfield plants (Kharkhoda, Pune, Navagam) have a combined revenue run rate target of around INR 2,000 crores.
→Volumes and orders are expected to ramp up, with management bullish on the Indian automotive market and potential growth.
→The company continuously diversifies customers and products to mitigate risks from order delays or low volumes.
→Some underutilized plants (like Pune) are expected to ramp up once volumes from customers increase.
→New business wins and customer expansions are ongoing, but exact customer details or specific orders are confidential.

Key Metrics

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Frequently Asked Questions

What were Motherson Wiring Q4 FY26 results?

What is Motherson Wiring share price analysis?

Motherson Wiring currently shows a neutral. The stock trades at a P/E of 40.5 with a market cap of ₹25,439 Cr. Investors should review the full earnings analysis for detailed insights.

Is Motherson Wiring planning capital expenditure?

Capex for FY '27 is guided to be approximately INR 200 crores, largely in line with the current year.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.