Motherson Sumi Wiring India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹23,742 Cr
- P/E
- 37.83
- ROE
- 32.36%
- PEG
- 4.36
- Price to sales
- 1.91
- Debt to equity
- 0.11
- 52W high / low
- ₹52.0 / ₹32.9
- Sales growth (5Y)
- 23.86%
- EBITDA margin
- 8.67%
- Net profit margin
- 5.44%
- Promoter holding
- 61.72%
- Sales (last year)
- ₹12,391 Cr
Motherson Sumi Wiring India, a JV between Sumitomo Wiring System and Motherson Group, is a market leader in the Indian wiring harness industry with a market share of over 40%.[1]
Guidance scorecard · Q1 FY27 call
What Motherson Sumi Wiring India Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- The company anticipates continued revenue growth supported by expansion into greenfield projects and successful ramp-up of new customer programs.
- Industry growth and new model launches are expected to drive volume increases and premiumization of products.
- Content per vehicle is projected to keep increasing due to rising vehicle features, despite new architectures like zonal and 48V architectures being explored globally.
- Utilization of greenfield plants is expected to rise, with expansion plans contingent on reaching ~80% utilization and customer forecasts.
2 more points from Motherson Sumi Wiring India Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Motherson Sumi Wiring India Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company is planning new facilities as part of its capex plans.
- For the current fiscal year, all budgeted capex will be funded through internal accruals, with no immediate debt required.
- Expansion plans are under consideration based on customer forecasts and demand; specific new large plant starts for FY25 are yet to be finalized.
2 more points from Motherson Sumi Wiring India Ltd's call on capex
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FundraisingQ1 FY27 call
See what Motherson Sumi Wiring India Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company is experiencing a successful ramp-up of greenfield projects and new customer programs, implying ongoing and new orders contributing to growth.
- Management expressed confidence in future growth, indicating a healthy order pipeline.
- Expansion plans and discussions with customers for new plants and capacity increases are ongoing, signaling expected future orders.
2 more points from Motherson Sumi Wiring India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Motherson Sumi Wiring India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Motherson Sumi Wiring India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,872 | 1,859 | 2,109 | 2,115 | 2,233 | 2,185 | 2,326 | 2,300 | 2,510 | 2,494 | 2,762 | 2,887 | 3,335 |
| Expenses + | 1,655 | 1,665 | 1,856 | 1,853 | 1,941 | 1,946 | 2,076 | 2,063 | 2,238 | 2,250 | 2,482 | 2,625 | 3,061 |
| Operating Profit | 217 | 194 | 253 | 262 | 291 | 239 | 250 | 238 | 271 | 244 | 280 | 262 | 274 |
| OPM % | 12% | 10% | 12% | 12% | 13% | 11% | 11% | 10% | 11% | 10% | 10% | 9% | 8% |
| Other Income + | 5 | 14 | 1 | 1 | 4 | 5 | 5 | 1 | 2 | 1 | 1 | 1 | 1 |
| Interest | 9 | 8 | 7 | 6 | 6 | 5 | 7 | 7 | 6 | 6 | 6 | 7 | 6 |
| Depreciation | 35 | 34 | 36 | 38 | 39 | 40 | 44 | 47 | 48 | 49 | 53 | 56 | 57 |
| Profit before tax | 179 | 166 | 210 | 219 | 250 | 198 | 203 | 185 | 220 | 190 | 221 | 200 | 212 |
| Tax % | 22% | 26% | 26% | 23% | 24% | 25% | 25% | 24% | 25% | 25% | 25% | 25% | 21% |
| Net Profit + | 138 | 123 | 156 | 168 | 191 | 149 | 152 | 140 | 165 | 143 | 165 | 149 | 167 |
| EPS in Rs | 0.21 | 0.19 | 0.24 | 0.25 | 0.29 | 0.22 | 0.23 | 0.21 | 0.25 | 0.22 | 0.25 | 0.23 | 0.25 |
Financials of Motherson Sumi Wiring India Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 3,938 | 5,635 | 7,068 | 8,327 | 9,319 | 11,478 |
| Expenses + | 3,385 | 4,905 | 6,276 | 7,315 | 8,323 | 10,417 |
| Operating Profit | 553 | 730 | 792 | 1,012 | 996 | 1,060 |
| OPM % | 14% | 13% | 11% | 12% | 11% | 9% |
| Other Income + | 24 | -35 | 12 | 8 | 13 | 4 |
| Interest | 7 | 28 | 28 | 27 | 25 | 26 |
| Depreciation | 37 | 106 | 124 | 147 | 179 | 216 |
| Profit before tax | 532 | 561 | 652 | 846 | 806 | 822 |
| Tax % | 26% | 27% | 25% | 25% | 25% | 24% |
| Net Profit + | 396 | 411 | 487 | 638 | 606 | 625 |
| EPS in Rs | 0.62 | 0.73 | 0.96 | 0.91 | 0.94 | |
| Dividend Payout % | 0% | 65% | 59% | 55% | 26% | 62% |
Financials of Motherson Sumi Wiring India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 316 | 442 | 442 | 442 | 663 |
| Reserves | -0 | 799 | 888 | 1,235 | 1,256 | 1,499 |
| Borrowings + | 96 | 283 | 373 | 259 | 269 | 233 |
| Other Liabilities + | 1,693 | 1,164 | 1,195 | 1,203 | 1,761 | 2,351 |
| Total Liabilities | 1,789 | 2,562 | 2,898 | 3,139 | 3,729 | 4,746 |
| Fixed Assets + | 170 | 432 | 579 | 600 | 691 | 779 |
| CWIP | 0 | 32 | 27 | 24 | 37 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1,620 | 2,097 | 2,292 | 2,516 | 3,002 | 3,965 |
| Total Assets | 1,789 | 2,562 | 2,898 | 3,139 | 3,729 | 4,746 |
Financials of Motherson Sumi Wiring India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 11 | 501 | 224 | 791 | 365 | 761 |
| Cash from Investing Activity + | -28 | -101 | -194 | -208 | -60 | -200 |
| Cash from Financing Activity + | 25 | -144 | -287 | -452 | -457 | -509 |
| Net Cash Flow | 8 | 256 | -257 | 131 | -153 | 52 |
| Free Cash Flow | -17 | 400 | 26 | 680 | 194 | 561 |
| CFO/OP | 23% | 95% | 51% | 100% | 56% | 92% |
Financials of Motherson Sumi Wiring India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 63 | 43 | 41 | 39 | 49 | 60 |
| Inventory Days | 116 | 97 | 95 | 76 | 77 | 82 |
| Days Payable | 109 | 92 | 73 | 62 | 71 | 93 |
| Cash Conversion Cycle | 69 | 47 | 64 | 54 | 55 | 48 |
| Working Capital Days | 49 | 31 | 42 | 39 | 32 | 44 |
| ROCE % | 88% | 44% | 48% | 43% | 39% |
Guidance history
How Motherson Sumi Wiring India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
16 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −25.2% | 30% |
| Last 6 months | −11.8% | 34% |
| Last 3 months | −12.9% | 33% |
The price is 31.3% below its all-time high of ₹52.05 (5 Jan 2026). Stocks more than 20% below their peak have their score halved, so 32 became 16.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Motherson Sumi Wiring India Ltd: 0.4 × 30 + 0.4 × 34 + 0.2 × 33 = 32, halved to 16 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Motherson Sumi Wiring India Ltd's management said in earlier quarters
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