Stock Name : Motherson Sumi Systems Limited/Tips Open Buy : 217 Posted Date : Feb 23, 2021
Stopless/Horizon : 206 Target : 249

Overview: Motherson Sumi Systems limited was incorporated in 1986, it is a Large Cap company with a market capitalization of Rs 67,421.90 Crore.

About the company: Motherson Sumi Systems Limited(MSSL) is the flagship company of the SamvardhanaMotherson group. The company was incorporated as a Joint Venture between SamvardhanaMotherson International limited and SWS in 1986. As of 2019, the company has over 165 subsidiaries with over 230 facilities across Asia, Europe, North America, South America, the Middle-East, Australia, and Africa.

Motherson Sumi Systems Limited’s product range includes wiring harnesses (electrical distribution systems), rear-view mirrors, molded plastic parts including car interior and exterior parts, bumpers, dashboards, and door trims, complete polymer modules, rubber components for automotive and industrial applications, high precision machined metal parts and injection molding tools.

The company has an established market position and is amongst the world’s largest manufacturers of exterior rear-view mirrors with dominant market share, and is a leading global player in polymer-based interior and exterior modules.

Motherson Sumi Systems Limited’s customers include leading global OEMs such as VWG and its group companies, Daimler AG, Hyundai Motor Co., Maruti Suzuki India Ltd, Bayerische Motoren Werke Aktiengesellschaft, Nissan Motor Co. Ltd, Renault S.A., Ford Motor Company, General Motors Company, and Toyota Motor Corp, among others.
Management: Mr. Vivek Chaand Sehgal is the Chairman and Mr. Pankaj Mital is the Chief Operating Officer of the company.

Shareholding Pattern:
• Promoter: 61.7%
• MF: 10.8%
• FII: 16.1%
• Other Institutions: 3.5%
• Public: 7.9%

Dividend: Motherson Sumi Systems has declared an equity dividend of 150.00% amounting to Rs 1.5 per share for the year ending March 2020.

Sales Report: For the quarter ended on 31st December 2020, Motherson Sumi has reported a Consolidated Total Income of Rs 17,157.63 Crore, which was up 14.29 % from last quarter Total Income of Rs 15,012.49 Crore and up 13.84 % from previous year same quarter Total Income of Rs 15,071.79 Crore.The Motherson Sumi’s consolidated PAT (profit after tax) more-than-doubled to Rs 798 crore from Rs 271 crore in the corresponding quarter of the previous fiscal.

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