ICICI Securities's research report on Samvardhana Motherson International
Samvardhana Motherson International (SAMIL)’s operating performance was slightly ahead of our estimates. Outlook for global LV volumes is improving led by new platform/model launches from global OEMs. This augurs well for SAMIL’s content growth and profitability. Its healthy automotive order book (OB), of USD 84.2bn, will likely support growth. SAMIL’s diversified business model and ‘globally local’ strategy also positions the company favourably vs. peers. Non auto segments (led by consumer electronics and aerospace) will likely continue their strong growth momentum, backed by its strong OB (USD 3bn).
Outlook
Given the challenging macros, acquisition pipeline remains healthy. Maintain BUY with an unchanged TP of INR 140, based on 20x FY27E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Samvardhana Motherson International_14112025_ICICI Securities
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
