Earnings Miss: Motherson Sumi Wiring India Limited Missed EPS By 7.5% And Analysts Are Revising Their Forecasts
Nov 03
Indian (NIFTY) Auto Components Industry Analysis
UpdatedNov 29, 2022
DataAggregated Company Financials
Companies119
- 7D3.4%
- 3M4.1%
- 1Y3.3%
- YTD-2.1%
The Auto Components industry is up 3.4% in the last week, with Tube Investments of India up 5.6%. This means that the industry has gained 3.3% over the past year. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Indian Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | ₹5.9t | ₹3.8t | ₹154.9b | 23.3x | 38.2x | 1.6x |
| Fri, 28 Oct 2022 | ₹5.6t | ₹3.6t | ₹150.7b | 23.3x | 37.4x | 1.6x |
| Sun, 25 Sep 2022 | ₹5.7t | ₹3.5t | ₹146.1b | 22.7x | 39x | 1.6x |
| Tue, 23 Aug 2022 | ₹5.6t | ₹3.5t | ₹146.1b | 21.8x | 38.1x | 1.6x |
| Thu, 21 Jul 2022 | ₹5.5t | ₹3.3t | ₹136.1b | 25.5x | 40.2x | 1.7x |
| Sat, 18 Jun 2022 | ₹4.7t | ₹3.3t | ₹135.4b | 21.3x | 34.7x | 1.4x |
| Mon, 16 May 2022 | ₹4.9t | ₹3.3t | ₹135.1b | 19.6x | 36.2x | 1.5x |
| Wed, 13 Apr 2022 | ₹5.4t | ₹3.3t | ₹137.5b | 22.9x | 39.2x | 1.6x |
| Fri, 11 Mar 2022 | ₹4.9t | ₹3.3t | ₹137.3b | 21.8x | 35.5x | 1.5x |
| Sun, 06 Feb 2022 | ₹5.6t | ₹3.3t | ₹146.2b | 21.8x | 38x | 1.7x |
| Tue, 04 Jan 2022 | ₹5.6t | ₹3.3t | ₹150.2b | 21.3x | 37.2x | 1.7x |
| Thu, 02 Dec 2021 | ₹5.3t | ₹3.3t | ₹150.2b | 18.8x | 35.1x | 1.6x |
| Sat, 30 Oct 2021 | ₹5.3t | ₹3.2t | ₹142.2b | 20.7x | 36.9x | 1.7x |
| Mon, 27 Sep 2021 | ₹5.1t | ₹3.1t | ₹141.5b | 20.8x | 36.4x | 1.7x |
| Wed, 25 Aug 2021 | ₹4.8t | ₹3.1t | ₹142.1b | 20.3x | 33.5x | 1.5x |
| Thu, 01 Jul 2021 | ₹4.8t | ₹3.1t | ₹142.1b | 18.5x | 33.7x | 1.5x |
| Sun, 04 Apr 2021 | ₹4.1t | ₹2.7t | ₹85.6b | 23.2x | 47.4x | 1.5x |
| Wed, 06 Jan 2021 | ₹3.5t | ₹2.5t | ₹56.7b | 29.9x | 62.1x | 1.4x |
| Sat, 10 Oct 2020 | ₹2.9t | ₹2.3t | ₹38.5b | 27.1x | 76.4x | 1.3x |
| Fri, 03 Jul 2020 | ₹2.6t | ₹2.3t | ₹36.3b | 28.6x | 70.5x | 1.1x |
| Mon, 06 Apr 2020 | ₹1.9t | ₹2.7t | ₹99.4b | 13.8x | 19.4x | 0.7x |
| Thu, 09 Jan 2020 | ₹3.2t | ₹2.9t | ₹120.5b | 17x | 26.5x | 1.1x |
Price to Earnings Ratio
23.5x
Current Industry PE
- Investors are pessimistic on the Indian Auto Components industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 38.2x which is lower than its 3-year average PE of 44.6x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 5.6% per year over the last three years.
- Revenues for these companies have grown 8.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Consumer Discretionary industry?
| IN Market | 1.88% | |
| Consumer Discretionary | 2.10% | |
| Auto Components | 3.44% | |
| Tires and Rubber | 6.03% | |
| Auto Parts and Equipment | 2.82% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry even though it's trading below its 3-year average PE ratio of 79.8x.
- Analysts are expecting annual earnings growth of 30.5%, which is higher than its past year's earnings growth of 11.2% per year.
- Investors are most pessimistic about the Tires and Rubber industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 24.7x.
Forecasted Growth
- Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 33% per year.
- In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 30% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 540762 Tube Investments of India | ₹2.74k | 5.6% +₹28.2b | 69.1% | PE61.3x | |
| APOLLOTYRE Apollo Tyres | ₹315.15 | 10.8% +₹19.5b | 54.1% | PE27.7x | |
| 502355 Balkrishna Industries | ₹2.03k | 4.4% +₹16.5b | -6.7% | PE28x | |
| 500290 MRF | ₹92.56k | 4.1% +₹15.5b | 23.4% | PE69.1x | |
| 517334 Samvardhana Motherson International | ₹73.30 | 2.6% +₹12.5b | -47.6% | PE82.4x |