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Samvardhana Motherson Reflectec

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  • Retain buy on Motherson Sumi; it's a solid multi-year story: UBS

    UBS believes this underscores management's strong due diligence and its strong operational improvement and integration capabilities. It also believes that the global auto component space still offers opportunities for disciplined companies like Motherson Sumi to create further value through mergers & acquisitions.

  • SMR margins weakened due to changes in accounting std: Motherson

    Vivek Chaand Sehgal, Chairman of Motherson Sumi Systems, said that there‘s no slowdown as far as SMR is concerned. The changes adopted for accounting standards make SMR‘s margins look optically weak on quarterly basis, but they‘re still healthy margins, he said.

  • Motherson Sumi Q1 profit, revenue up over 15%; debt jumps 29%

    Motherson Sumi said net debt increased by 7.7 percent to Rs 4,632 crore at the end of June 2016 from Rs 4,301 crore in March quarter as SMRP BV raised 5.5 years bonds of USD 300 million at 4.875% per annum in June.

  • Fund raising plan lifts Motherson 5%, is acquisition on cards?

    The company is planning to raise upto Rs 3562.5 crore through various instruments. It said that fund raising is to enhance long term resources to support growth potential and to have option to raise capital at an appropriate time.

  • Preference would be Infosys followed by HCL Tech: SP Tulsian

    HCL Technologies posted good Q1 (FY17) numbers. SP Tulsian of sptulsian.com said that although positive bias can be seen building up for guidance, one shouldn't take a call on a company on its quarterly performance. From technology pack, he prefers Infosys followed by HCL Technologies.

  • Motherson Sumi Q1 numbers may be strong, profit seen up 87%

    According to average of estimates of analysts polled by CNBC-TV18, revenue is seen increasing 13.6 percent to Rs 9,534 crore compared to Rs 8,391.5 crore year-on-year, led by ramp up of new plants.

  • Intl biz growth robust; won't dilute equity: Motherson Sumi

    The auto component manufacturer's profit was expected at Rs 265 crore on revenue of Rs 8,679 crore for the quarter, according to a CNBC-TV18 poll.

  • Motherson Sumi Q3 profit rises 1.8% to Rs 254 cr, OPM falls

    Motherson Sumi Systems' third quarter profit increased 1.8 percent year-on-year to Rs 254 crore on consolidated basis, impacted by higher expenses.

  • Motherson Sumi Q3 profit seen up 6% to Rs 265 cr: Poll

    Motherson Sumi Systems' third quarter profit after tax is expected to increase 6 percent year-on-year to Rs 265 crore on consolidated basis, according to a CNBC-TV18 poll.

  • Euro weakness not to hit earnings; demand strong: Motherson

    Around 75 percent of Motherson's loans are in euros. Sehgal said the quantum of euro-denominated loans was around 750-800 million

  • Motherson Sumi records highest ever nos in Q3, net up 142%

    Consolidated net profit jumped 2.4 times to Rs 249.6 crore, aided by forex gain and strong operational performance. Total income from operations grew 20 percent to Rs 7,988.7 crore compared to a year ago period.

  • Q2 nos good; focus on rising ROCE: Motherson Sumi

    Auto component maker Motherson Sumi is positive on performances from the standalone and the other two arms. Its management tells CNBC-TV18 that the focus would lie on increasing the ROCE going forward.

  • VC Sehgal: We entrepreneurs are bit insecure, so we control

    Samvardhana Motherson Group's VC Sehgal says it is a mistake building a business solely with the idea that your children can inherit it

  • Company's profitability in triple digits: Motherson Sumi

    Vivek Chaand Sehgal, chairman, Motherson Sumi says the company has added lot of capacities. Even if the stock is down, people should go deeper into the company's numbers and they will find that the performance is phenomenal.

  • Will continue to outperform auto industry: Motherson Sumi

    Pankaj Mital, COO, Motherson Sumi Group, feels the company's performance has been resilient in a volatile market, and has outperformed the industry. Talking to CNBC TV18, he stated that despite the slowdown, the company continued to bag large orders, recently from European carmakers too.

  • How Motherson Sumi became giant auto parts manufacturer

    Ashish K Mishra reports how Motherson Sumi became giant auto parts manufacturer. From a non-descript business, Vivek Chand Sehgal has set up one of the top automotive parts companies in the world.

  • Motherson Sumi to deliver 40% ROCE as promised

    As Motherson Sumi's biggest customer Maruti is coming out of trouble, Vice Chairman Vivek Chaand Sehgal said that the company will deliver 40% return on capital employed (ROCE) as promised. Morover, he indicated that the car sales in Europe were not impacted by the prevailing uncertainties.

  • Targeting 40% ROCE by 2015: Motherson Sumi

    Many companies in India are struggling due to the economic slowdown around the world, mainly in European nations. However, Motherson Sumi Systems is not one of them.

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