Add Motherson Sumi Wiring, target price Rs 59: HDFC Securities
HDFC Securities has an add call on Motherson Sumi Wiring India Ltd. with a target price of Rs 59.0. The current market price of Motherson Sumi Wiring India Ltd. is Rs 49.7. Motherson Sumi Wiring India, incorporated in 2020, is a Small Cap company with a market cap of Rs 21751.85 crore, operating in Auto Ancillaries sector.
Motherson Sumi Wiring India key products/revenue segments include Cables & Wires, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Standalone Total Income of Rs 2300.86 crore, down -1.27% from last quarter Total Income of Rs 2330.39 crore and up 8.62% from last year same quarter Total Income of Rs 2118.35 crore. The company has reported net profit after tax of Rs 139.98 crore in the latest quarter.
The company's top management includes Mr.Vivek Chaand Sehgal, Ms.Suparna Pandhi, Col.(Retd.)Virendra Chand Katoch, Mr.Anupam Mohindroo, Ms.Anisha Motwani, Mr.Yuichi Shimizu, Mr.Laksh Vaaman Sehgal, Mr.Norikatsu Ishida, Mr.Anurag Gahlot, Mr.Rajesh Kumar Seth. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2024, the company has a total of 442 Crore shares outstanding.
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