Buy Samvardhana Motherson; target of Rs 129: Motilal Oswal

Motilal Oswal is bullish on Samvardhana Motherson has recommended buy rating on the stock with a target price of Rs 129 in its research report dated November 13, 2025.

Broker Research

November 17, 2025 / 13:05 IST

Buy

Motilal Oswal's research report on Samvardhana Motherson

Samvardhana Motherson’s (SAMIL) 2QFY26 adjusted PAT at INR8.6b was well above our estimate of INR6.3b, growing 15% YoY. Its margin has remained stable YoY at 8.7% despite the adverse global macro headwinds, which is commendable. Given the better-than-expected performance in 2Q despite adverse global macro, we raise our earnings estimates by 9%/4% for FY26/FY27. We expect SAMIL to continue to outperform global automobile sales, fueled by rising premiumization and EV transition, a robust order backlog in autos and non autos, and successful integration of recent acquisitions. Given the long-term growth opportunities, we reiterate our BUY rating on the stock with a revised TP of INR129, based on 24x Sep’27E EPS.

Outlook

Given the long-term growth opportunities, we reiterate our BUY rating with a revised TP of INR129, based on 24x Sept-27E EPS.

For all recommendations report, click here