Moneycontrol PRO

Buy Motherson Sumi Systems; target of Rs 263: Hem Securities

Hem Securities is bullish on Motherson Sumi Systems has recommended buy rating on the stock with a target price of Rs 263 in its research report dated September 16, 2021.

September 20, 2021 / 12:49 PM IST
  • bselive
  • nselive
Todays L/H

Hem Securities report on Motherson Sumi Systems

Motherson Sumi Systems Ltd Q1FY22 consolidated revenues came in at ₹16,157 Cr, up 93.5% YoY and down 4.8% QoQ. Operating Profit for Q1FY22 stood at ₹1,220 Cr, up 321% YoY and down 29% QoQ. Operating margins for Q1FY22 came at 7.55% as compared to 10.15% in Q4FY21 and -6.6% in Q1FY21. PAT for Q1FY22 stood at ₹290 Cr, down 59.38% QoQ and PAT for Q1FY21 was -₹810 Cr.


We initiate a “BUY” rating on the stock and value the stock at 20x FY23E earnings to arrive at the target of ₹263.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Sep 20, 2021 12:49 pm

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark