Any current/future capex/capital investment/strategic investment?

The company had a capex guidance of INR 125 crores for FY 2024. In the first half of FY 2024, they spent about INR 26 crores on capex. They expect to spend the remaining capex amount, roughly INR 100 crores, in the second half of FY 2024. The planned capex is intended to support ongoing operations and new capacity ramp-ups. New facilities have ramped up to 70%-80% and are still progressing towards full utilization. The company continues to work on new model launches and expansions with various OEMs, indicating ongoing strategic investments in product development and capacity.

Future growth expectations in sales/revenue/volumes?

The current share of EV programs in revenue is approximately 3.5% to 4%, covering four-wheeler, commercial vehicles, and two-wheelers, with an expectation to increase as the EV industry matures in India. The management is working closely on multiple new models and facelifts with different OEMs, indicating ongoing growth opportunities through new program launches. Content per vehicle for EVs is expected to be 1.7x to 2.4x that of ICE vehicles for four-wheelers and 4x to 5x for two-wheelers, indicating a potential increase in revenue per vehicle with rising EV penetration. The ramp-up of n

Future growth expectations in earnings/operating earnings/profits/EPS?

The Board congratulated the management for an excellent quarter and expressed hopes for continued momentum in future quarters. EV content per vehicle is expected to increase, with EV wiring harness content estimated at 1.7x to 2.4x for four-wheelers and 4x to 5x for two-wheelers compared to ICE vehicles, indicating potential revenue growth from EV programs. Current EV-related revenue is around 3.5% to 4%, expected to grow as the Indian EV industry matures, reflecting in increasing order book share and revenues. New facilities are ramping up, currently at 70%-80% utilization, expected to

Current/ Expected Orderbook/ Pending Orders?

Current share of EV programs in revenue is approximately 3.5% to 4%, covering four-wheeler, commercial vehicle, and two-wheeler segments. The company is working on multiple new EV and ICE programs but does not specify exact order book size or pending order values. Growth in EV share depends on the overall industry maturity and sales growth in India. The management indicates continuous ramp-up of new capacities and working on various new models and facelifts. No specific quantitative details on order book size or pending orders were directly provided during the call. The company remains optimis

Motherson WiringQ2 FY24Auto Components

Motherson Wiring Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹33.5P/E: 36.2Market Cap: ₹22.7K CrSector: Auto Components

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

The current share of EV programs in revenue is approximately 3.5% to 4%, covering four-wheeler, commercial vehicles, and two-wheelers, with an expectation to increase as the EV industry matures in India.
The management is working closely on multiple new models and facelifts with different OEMs, indicating ongoing growth opportunities through new program launches.
Content per vehicle for EVs is expected to be 1.7x to 2.4x that of ICE vehicles for four-wheelers and 4x to 5x for two-wheelers, indicating a potential increase in revenue per vehicle with rising EV penetration.
The ramp-up of new capacities is progressing well, currently at 70%-80% utilization, which will support volume growth in the near term.
Overall industry growth and continuous cost optimization efforts suggest positive momentum in sales and volumes going forward.

Margin guidance

Category 3

The Board congratulated the management for an excellent quarter and expressed hopes for continued momentum in future quarters.
EV content per vehicle is expected to increase, with EV wiring harness content estimated at 1.7x to 2.4x for four-wheelers and 4x to 5x for two-wheelers compared to ICE vehicles, indicating potential revenue growth from EV programs.
Current EV-related revenue is around 3.5% to 4%, expected to grow as the Indian EV industry matures, reflecting in increasing order book share and revenues.
New facilities are ramping up, currently at 70%-80% utilization, expected to aid volume and margin expansion.
Cost reduction efforts, localizations, and operational improvements are ongoing and expected to support margin expansion in coming quarters.
Capex of INR 125 crores planned for FY24 is expected to be fully utilized, supporting growth.
Management remains cautiously optimistic about growth and profitability improvements through new EV opportunities and operational efficiencies.

See what Motherson Wiring management said on margin guidance — free account, 30 seconds.

Fundraise plans

The transcript provided (pages 1 to 6) from Motherson Sumi Wiring India Limited's Q2 FY24 earnings call does not mention any current or planned fundraising activities through debt or equity. Key points to note: - No discussion or indication of new debt or equity issuance. - Focus is on operational updates, capex guidance (~INR 125 crores for FY24), ramp-ups, and EV-related content increase. - Emphasis on organic growth via new programs, localisation, and cost initiatives. - No references to capital raising plans or fundraising strategies. Therefore, based on the transcript, there is no current or announced future fundraising through debt or equity for Motherson Sumi Wiring India Limited.

Order book

Current share of EV programs in revenue is approximately 3.5% to 4%, covering four-wheeler, commercial vehicle, and two-wheeler segments.
The company is working on multiple new EV and ICE programs but does not specify exact order book size or pending order values.
Growth in EV share depends on the overall industry maturity and sales growth in India.
The management indicates continuous ramp-up of new capacities and working on various new models and facelifts.
No specific quantitative details on order book size or pending orders were directly provided during the call.
The company remains optimistic about increasing EV program share and new orders as the industry evolves.

See what Motherson Wiring management said on order book — free account, 30 seconds.

Capex plans

Yes

The company had a capex guidance of INR 125 crores for FY 2024.
In the first half of FY 2024, they spent about INR 26 crores on capex.
They expect to spend the remaining capex amount, roughly INR 100 crores, in the second half of FY 2024.
The planned capex is intended to support ongoing operations and new capacity ramp-ups.
New facilities have ramped up to 70%-80% and are still progressing towards full utilization.
The company continues to work on new model launches and expansions with various OEMs, indicating ongoing strategic investments in product development and capacity.

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Motherson Wiring Q2 FY24 Earnings Call Analysis

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Fundraise plans

Capex plans

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What Motherson Wiring's management said in earlier quarters

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