Buy Samvardhana Motherson International, target price Rs 130: JM Financial
Samvardhana Motherson International, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 68340.21 Crore) operating in Auto Ancillaries sector.
Samvardhana Motherson International key Products/Revenue Segments include Auto Electricals, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Job Work for the year ending 31-Mar-2022.
Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 22515.07 Crore, down -.16 % from last quarter Total Income of Rs 22551.94 Crore and up 27.11 % from last year same quarter Total Income of Rs 17712.55 Crore. Company has reported net profit after tax of Rs 625.01 Crore in latest quarter.
Investment RationaleThe company has a proven track record of turnarounds and expanding global market share (c.0.4% in 2010 to c.2.5% in 2023).
The brokerage believes, the group with its global presence, an expanding portfolio of powertrain-agnostic products and a wide customer base presents a multi-year growth opportunity. SAMIL is JM Financial's top pick in the space.
Promoter/FII Holdings Promoters held 64.77 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.83 per cent, DIIs 15.12 per cent.
