- The group reiterated its commitment towards US$36 billion revenue target by FY25 with 40% RoCE & 40% dividend payout. It also aims to realise 75% of revenues from the auto space and rest 25% from non-auto domain. The aim is also to have no component, country and customer >10% of sales. It counts domestic wiring business (MSWIL) as an integral part of this vision
- Key takeaway for domestic wiring harness business include: (i) 1.5x wiring harness content in an SUV vs. a hatchback car (ii) 1.2x wiring harness content in a top variant of PV model vs. the base variant (iii) 1.1x wiring harness content in a top variant 2-W vs. base variant (iv) 2.4x wiring harness content in an electric PV vs. ICE driven PV and (v) 8x wiring harness content in an electric 2-W vs. ICE powered 2-W
Key triggers for future price performance
- We build 17.2% net sales CAGR in FY22-25E riding on OEM ramp up, focus on premiumisation (i.e. greater share of technological advanced features like ADAS, Sensors, etc) and greater share of UVs in pass car segment
- FY22: Net cash positive b/s: Rs. 280 crore, healthy CFO/FCF generation
For details, click on the link below: Link to the report
Shares of Motherson Sumi Wiring India Limited was last trading in BSE at Rs. 60.75 as compared to the previous close of Rs. 60.20. The total number of shares traded during the day was 393105 in over 3395 trades.
The stock hit an intraday high of Rs. 61.00 and intraday low of 59.90. The net turnover during the day was Rs. 23875339.00.