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Motherson at 25 on BSE fetches 322,881% return for shareholders

Posted On: 2018-09-12 09:09:25

In a landmark milestone that underscores the inherent strength and vision of the Indian entrepreneur, automobile ancillary major, Motherson Sumi Systems Ltd completed 25 years of listing on the Bombay Stock Exchange. To commemorate 25 years of listing, board of directors of the company recommended the issue of Bonus Shares in the ratio of 1 (one) Bonus Share against the 2 (two) existing equity shares subject to the approval of the shareholders as announced on September 7, 2018.

In over two decades since the Motherson stock made its debut on the Indian bourse, the company has grown from strength to strength with the rapid rise in revenues and profits amply reflected in the handsome returns to its shareholders.

On the first day when it was publically traded, the 10-rupee face value Motherson stock had opened at 41 rupees and ended the trading session with a market capitalisation of 238 million rupees. Two and a half decades later, the one rupee face value stock trades at 303.50* rupees with a market capitalisation of 639 billion rupees.

When Motherson listed on BSE on September 9, 1993, the company had a seven year track record with revenue of 19 crore rupees. Twenty five years down the line, Motherson ended financial year 2017-18 with revenue of a whopping 55,858 crore rupees that translates into a compounded annual growth of 38%. Today, the Group has over 250 facilities located in 41 countries.

In the same period, after accounting for all dividends, bonus issues and stock splits, the Motherson stock has given a return of 322,881%. In other words, 100 rupees invested in the Motherson stock in 1993 will today mean a return of 322,881 rupees to investors.

In several ways, Motherson's growth trajectory and emergence as a global player in the auto ancillary business mirrors the steady expansion and rising aspirations of the Indian economy in the post liberalisation era. As India opened its doors to the world and began its integration with the international markets, Motherson's global ambitions took wings. The company's 17 acquisitions in the last 25 years in various parts of the globe hold testament to a strategy that has been visionary and bold yet judicious and tactful.

Commenting on the accomplishment, Chairman Vivek Chaand Sehgal said, "It has been a momentous journey where the quantum jump in value, as reflected in the stock price, demonstrates the tremendous growth we have achieved - financially, organisationally and as individuals. The journey has seen several ups and downs but the unwavering belief of our teams, our trust in their capabilities and the courage to walk alone if we believe the path is right has always supported us in surmounting those challenges. As we embark on the next phase of this exhilarating drive, we remain committed to our core values of ensuring customer delight, becoming a globally preferred solutions provider, and enhancing shareholders' value while staying committed to the highest standards of corporate governance. For reaching this milestone we thank all our customers, partners, employees and our shareholders for the continuous trust they have placed in us."

Key Highlights

MSSL stock returns: Listed on the stock exchanges in September 1993, Rs 100 invested in MSSL's shares at the time of IPO, has turned into well over Rs 322,881 in the span of 25 years.

Bonuses and dividends: MSSL has announced 9 bonus issues and has consistently declared dividends every year since listing.

Key acquisitions: In the journey of the 25-years of listing the company has made 17 acquisitions. Some of the notable acquisitions include: Visiocorp (March 2009), Peguform (November 2011), Stoneridge Inc - Wiring Harness Business (August 2014), Scherer & Trier (January 2015), PKC Group (March 2017), Reydel Automotive (August 2018).

Credit rating: Motherson Sumi Systems Limited, the flagship company of automotive ancillary giant Samvardhana Motherson Group has received the coveted AAA (Stable Outlook) Issuer Rating from India Ratings and Research (Ind-Ra.) and Baa3/Stable Rating - Long term from Moody's.

Shares of MOTHERSON SUMI SYSTEMS LTD. was last trading in BSE at Rs.291.35 as compared to the previous close of Rs. 296.45. The total number of shares traded during the day was 130460 in over 2040 trades.

The stock hit an intraday high of Rs. 300 and intraday low of 290.7. The net turnover during the day was Rs. 38356628.

(* Closing price as on September 7, 2018)

Source: Equity Bulls

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