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Motherson Sumi Systems

BSE:517334
Snowflake Description

Excellent balance sheet with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
517334
BSE
₹481B
Market Cap
  1. Home
  2. IN
  3. Automobiles
Company description

Motherson Sumi Systems Limited manufactures and sells components to automotive and other industries in India and internationally. The last earnings update was 71 days ago. More info.


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517334 Share Price and Events
7 Day Returns
-4.8%
BSE:517334
-1.2%
IN Auto Components
-1.2%
IN Market
1 Year Returns
-36.7%
BSE:517334
-24%
IN Auto Components
-2.5%
IN Market
517334 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Motherson Sumi Systems (517334) -4.8% 2.9% -4.4% -36.7% 28.3% 94.4%
IN Auto Components -1.2% 0.3% -3.3% -24% 32.6% 135.7%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • 517334 underperformed the Auto Components industry which returned -24% over the past year.
  • 517334 underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
517334
Industry
5yr Volatility vs Market

517334 Value

 Is Motherson Sumi Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Motherson Sumi Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Motherson Sumi Systems.

BSE:517334 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:517334
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.157 (1 + (1- 35%) (29.35%))
1.253
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.253 * 8.6%)
18.33%

Discounted Cash Flow Calculation for BSE:517334 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Motherson Sumi Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:517334 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 18.33%)
2019 6,127.38 Analyst x13 5,178.37
2020 28,808.42 Analyst x15 20,575.76
2021 35,151.27 Analyst x14 21,217.57
2022 40,831.00 Est @ 16.16% 20,828.73
2023 46,374.04 Est @ 13.58% 19,992.45
2024 51,831.29 Est @ 11.77% 18,884.32
2025 57,274.89 Est @ 10.5% 17,635.66
2026 62,782.88 Est @ 9.62% 16,337.55
2027 68,431.30 Est @ 9% 15,049.38
2028 74,290.87 Est @ 8.56% 13,807.58
Present value of next 10 years cash flows ₹169,507.38
BSE:517334 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹74,290.87 × (1 + 7.55%) ÷ (18.33% – 7.55%)
₹741,430.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹741,430.94 ÷ (1 + 18.33%)10
₹137,801.15
BSE:517334 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹169,507.38 + ₹137,801.15
₹307,308.53
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹307,308.53 / 3,157.75
₹97.32
BSE:517334 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹97.32
Current discount Discount to share price of ₹150.25
= -1 x (₹150.25 - ₹97.32) / ₹97.32
-54.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Motherson Sumi Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Motherson Sumi Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Motherson Sumi Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:517334 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹5.45
BSE:517334 Share Price ** BSE (2019-04-23) in INR ₹150.25
India Auto Components Industry PE Ratio Median Figure of 100 Publicly-Listed Auto Components Companies 15.93x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Motherson Sumi Systems.

BSE:517334 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:517334 Share Price ÷ EPS (both in INR)

= 150.25 ÷ 5.45

27.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motherson Sumi Systems is overvalued based on earnings compared to the IN Auto Components industry average.
  • Motherson Sumi Systems is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Motherson Sumi Systems's expected growth come at a high price?
Raw Data
BSE:517334 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
24.1%per year
India Auto Components Industry PEG Ratio Median Figure of 36 Publicly-Listed Auto Components Companies 1.28x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:517334 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.59x ÷ 24.1%

1.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motherson Sumi Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Motherson Sumi Systems's assets?
Raw Data
BSE:517334 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹33.84
BSE:517334 Share Price * BSE (2019-04-23) in INR ₹150.25
India Auto Components Industry PB Ratio Median Figure of 111 Publicly-Listed Auto Components Companies 2.15x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
BSE:517334 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:517334 Share Price ÷ Book Value per Share (both in INR)

= 150.25 ÷ 33.84

4.44x

* Primary Listing of Motherson Sumi Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Motherson Sumi Systems is overvalued based on assets compared to the IN Auto Components industry average.
X
Value checks
We assess Motherson Sumi Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Motherson Sumi Systems has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

517334 Future Performance

 How is Motherson Sumi Systems expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Motherson Sumi Systems expected to grow at an attractive rate?
  • Motherson Sumi Systems's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Motherson Sumi Systems's earnings growth is expected to exceed the India market average.
  • Motherson Sumi Systems's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:517334 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:517334 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 24.1%
BSE:517334 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 10.1%
India Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
India Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:517334 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:517334 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 776,730 59,343 28,162 17
2020-03-31 718,686 53,034 24,299 20
2019-03-31 638,276 40,851 17,733 21
BSE:517334 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 617,612 17,215
2018-09-30 596,759 16,970
2018-06-30 579,913 17,621
2018-03-31 562,933 32,640 15,970
2017-12-31 522,580 15,535
2017-09-30 484,516 16,049
2017-06-30 451,717 15,297
2017-03-31 423,755 37,997 15,543
2016-12-31 423,727 14,859
2016-09-30 410,745 13,815
2016-06-30 398,681 12,667
2016-03-31 372,163 21,884 12,923

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Motherson Sumi Systems's earnings are expected to grow significantly at over 20% yearly.
  • Motherson Sumi Systems's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:517334 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Motherson Sumi Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:517334 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 9.07 12.18 7.60 18.00
2020-03-31 7.78 10.24 6.20 23.00
2019-03-31 5.72 7.29 4.50 20.00
BSE:517334 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 5.45
2018-09-30 5.38
2018-06-30 5.58
2018-03-31 5.06
2017-12-31 4.92
2017-09-30 5.08
2017-06-30 4.90
2017-03-31 5.05
2016-12-31 4.90
2016-09-30 4.63
2016-06-30 4.26
2016-03-31 4.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Motherson Sumi Systems is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Motherson Sumi Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Motherson Sumi Systems has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

517334 Past Performance

  How has Motherson Sumi Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Motherson Sumi Systems's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Motherson Sumi Systems's year on year earnings growth rate has been positive over the past 5 years.
  • Motherson Sumi Systems's 1-year earnings growth is less than its 5-year average (10.8% vs 18.1%)
  • Motherson Sumi Systems's earnings growth has not exceeded the IN Auto Components industry average in the past year (10.8% vs 25.6%).
Earnings and Revenue History
Motherson Sumi Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Motherson Sumi Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:517334 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 617,612.00 17,215.10 138,043.30
2018-09-30 596,758.80 16,969.50 129,095.50
2018-06-30 579,913.30 17,620.80 122,906.10
2018-03-31 562,933.00 15,970.00 116,415.00
2017-12-31 522,580.30 15,534.90 106,269.90
2017-09-30 484,515.60 16,048.80 98,208.10
2017-06-30 451,716.50 15,296.50 90,909.60
2017-03-31 423,755.00 15,543.00 85,191.00
2016-12-31 423,726.60 14,859.00 85,232.00
2016-09-30 410,744.80 13,814.80 83,173.20
2016-06-30 398,680.90 12,667.40 81,164.10
2016-03-31 372,163.00 12,923.00 75,470.00
2015-12-31 373,890.60 12,001.30 91,187.50
2015-09-30 366,625.00 11,469.80 88,695.30
2015-06-30 355,472.80 9,645.30 86,209.80
2015-03-31 346,799.00 8,625.00 67,264.00
2014-12-31 335,305.00 8,249.40 78,198.70
2014-09-30 324,705.20 8,203.40 74,840.30
2014-06-30 317,141.50 8,555.30 72,312.70
2014-03-31 304,311.00 7,650.00 69,106.00
2013-12-31 287,559.50 6,582.00 63,952.00
2013-09-30 274,140.20 5,116.10 62,252.80
2013-06-30 259,614.40 5,096.00 44,238.40
2013-03-31 253,127.00 4,445.00 58,391.00
2012-12-31 250,684.80 4,426.30 51,173.40
2012-09-30 222,929.20 3,148.90 46,149.30
2012-06-30 187,079.00 2,025.10 30,160.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Motherson Sumi Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Motherson Sumi Systems used its assets less efficiently than the IN Auto Components industry average last year based on Return on Assets.
  • Motherson Sumi Systems's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Motherson Sumi Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Motherson Sumi Systems has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

517334 Health

 How is Motherson Sumi Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Motherson Sumi Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Motherson Sumi Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Motherson Sumi Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Motherson Sumi Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Motherson Sumi Systems Company Filings, last reported 3 months ago.

BSE:517334 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 142,247.10 141,270.80 79,635.60
2018-09-30 142,247.10 141,270.80 79,635.60
2018-06-30 128,441.00 103,736.00 30,020.00
2018-03-31 128,441.00 103,736.00 30,020.00
2017-12-31 112,931.00 98,734.80 35,191.40
2017-09-30 112,931.00 98,734.80 35,191.40
2017-06-30 105,049.00 103,493.00 50,394.00
2017-03-31 105,049.00 103,493.00 50,394.00
2016-12-31 92,154.40 78,526.90 64,417.70
2016-09-30 92,154.40 78,526.90 64,417.70
2016-06-30 60,866.00 76,320.00 31,519.00
2016-03-31 59,094.00 60,687.00 18,768.00
2015-12-31 50,210.40 57,130.80 13,727.80
2015-09-30 50,210.40 57,130.80 13,727.80
2015-06-30 43,380.00 51,306.00 18,919.00
2015-03-31 43,380.00 51,306.00 18,919.00
2014-12-31 39,133.80 58,947.30 10,674.10
2014-09-30 39,133.80 58,947.30 10,674.10
2014-06-30 37,489.00 48,397.00 9,061.00
2014-03-31 37,489.00 48,397.00 9,061.00
2013-12-31 34,127.70 46,763.50 9,166.80
2013-09-30 34,127.70 46,763.50 9,166.80
2013-06-30 26,914.50 40,712.10 5,944.50
2013-03-31 26,915.00 49,039.00 5,944.00
2012-12-31 25,333.90 42,739.80 6,082.50
2012-09-30 25,333.90 42,739.80 6,082.50
2012-06-30 23,743.50 41,289.00 4,557.20
  • Motherson Sumi Systems's level of debt (99.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (136.9% vs 99.3% today).
  • Debt is well covered by operating cash flow (23.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.3x coverage).
X
Financial health checks
We assess Motherson Sumi Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Motherson Sumi Systems has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

517334 Dividends

 What is Motherson Sumi Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1%
Current annual income from Motherson Sumi Systems dividends. Estimated to be 1.82% next year.
If you bought ₹2,000 of Motherson Sumi Systems shares you are expected to receive ₹20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Motherson Sumi Systems's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • Motherson Sumi Systems's dividend is below the markets top 25% of dividend payers in India (1.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:517334 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
India Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:517334 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.92 22.00
2020-03-31 2.58 25.00
2019-03-31 1.95 24.00
BSE:517334 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-19 1.500 0.913
2018-05-23 1.500 0.750
2017-07-27 1.333 0.582
2016-03-16 1.111 0.758
2015-05-12 0.889 0.709
2014-08-01 0.741 0.579
2014-05-22 0.741 0.763
2013-05-17 0.395 0.764
2012-08-09 0.296 0.879
2012-05-28 0.296 1.377
2011-07-29 0.362 1.599
2011-05-25 0.362 1.204
2010-07-26 0.231 0.923
2010-05-18 0.231 1.216
2009-06-29 0.178 1.220
2009-06-01 0.178 1.898
2009-04-24 0.178 1.784

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Motherson Sumi Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Motherson Sumi Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Motherson Sumi Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Motherson Sumi Systems has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

517334 Management

 What is the CEO of Motherson Sumi Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Deepak Tyagi
COMPENSATION ₹3,015,000
AGE 52
CEO Bio

Mr. Deepak Tyagi is Chief Technology Officer and Member of Executive Board at PKC Group Oyj since 2017. Mr. Tyagi is responsible for design development of wire harnesses for MSSL Wire Harness Division, leading the coordination of joint work between PKC and MSSL. He serves as Chief Executive Officer of MSSL Ireland Pvt Limited - IRELAND. He holds a Bachelor’s Degree in Electrical Engineering.

CEO Compensation
  • Insufficient data for Deepak to compare compensation growth.
  • Insufficient data for Deepak to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team

Gaya Gauba

TITLE
Chief Financial Officer
COMPENSATION
₹19M
AGE
57

Pankaj Mital

TITLE
COO & Whole-Time Director
COMPENSATION
₹23M
AGE
52
TENURE
14.3 yrs

Alok Goel

TITLE
Company Secretary
AGE
46
TENURE
1 yrs

Rakesh Satwah

TITLE
Managing Director of Kyungshin Industrial Motherson Limited (KIML)

Sanjeev Ahuja

TITLE
Chief Representative of Motherson Sumi Systems Limited - Singapore
COMPENSATION
₹2M

Deepak Tyagi

TITLE
Chief Executive Officer of MSSL Ireland Pvt Limited - IRELAND
COMPENSATION
₹3M
AGE
52

Manjul Kulshrestha

TITLE
President of Anest Iwata Motherson Limited

N. Ramanathan

TITLE
President of Schefenacker Motherson Ltd

P. Acharya

TITLE
Executive Officer of Motherson Advance Polymers Limited (MAP)

Vivek Avasthi

TITLE
Executive Officer
COMPENSATION
₹3M
AGE
56
Board of Directors Tenure

Average tenure and age of the Motherson Sumi Systems board of directors in years:

6.4
Average Tenure
54
Average Age
  • The tenure for the Motherson Sumi Systems board of directors is about average.
Board of Directors

Vivek Sehgal

TITLE
Chairman
AGE
62
TENURE
6.4 yrs

Pankaj Mital

TITLE
COO & Whole-Time Director
COMPENSATION
₹23M
AGE
52
TENURE
8.2 yrs

Laksh Sehgal

TITLE
Non-Executive Director
AGE
35
TENURE
10 yrs

Sushil Tripathi

TITLE
Lead Independent Director
COMPENSATION
₹4M
AGE
72

Gautam Mukherjee

TITLE
Independent Director
COMPENSATION
₹4M
AGE
61
TENURE
6.6 yrs

Noriyo Nakamura

TITLE
Non-Executive Director
AGE
45
TENURE
5.3 yrs

Arjun Puri

TITLE
Independent Director
COMPENSATION
₹4M
AGE
62
TENURE
13.3 yrs

Geeta Mathur

TITLE
Independent Director
COMPENSATION
₹4M
AGE
51
TENURE
5.3 yrs

Naveen Ganzu

TITLE
Independent Director
COMPENSATION
₹4M
AGE
56
TENURE
3.5 yrs

Shunichiro Nishimura

TITLE
Director
AGE
52
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Motherson Sumi Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Motherson Sumi Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

517334 News

Simply Wall St News

What Are Analysts Saying About Motherson Sumi Systems Limited's (BOM:517334) Growth?

After Motherson Sumi Systems Limited's (BOM:517334) earnings announcement in March 2018,. … as a 61.63% rise in profits is expected in the upcoming year, … By 2019, we can expect Motherson Sumi Systems’s bottom line to reach ₹25.81b, a jump from the current ₹15.97b.

Simply Wall St -

Best BSE Growth Stocks

Motherson Sumi Systems Limited (BSE:517334) Motherson Sumi Systems Limited designs, develops, manufactures, and supplies wiring harness, rear view mirrors, and interior and exterior modules to the automotive and other industries in India and internationally. … BSE:517334 Future Profit Jan 11th 18 Minda Industries Limited (BSE:532539) Minda Industries Limited, together with its subsidiaries, designs, develops, manufactures, and sells auto components, including auto electrical parts and its accessories in India and internationally. … BSE:532539 Future Profit Jan 11th 18 Kirloskar Ferrous Industries Limited (BSE:500245) Kirloskar Ferrous Industries Limited manufactures and sells iron castings in India.

Simply Wall St -

517334 Company Info

Description

Motherson Sumi Systems Limited manufactures and sells components to automotive and other industries in India and internationally. The company operates through MSSL Standalone, SMR, SMP, PKC, and Others segments. It provides wiring harnesses; rearview mirrors; polymer products, such as assemblies and bumpers, cockpit assemblies, and door trims; and elastomer processing ranging solutions, including rubber compounding, injection molded rubber parts, bonded parts, molded liquid silicon parts, and extruded rubber components. The company also offers modules comprising automotive lighting systems, air intake manifolds, shock absorbers, heating ventilation and air-conditioning systems, cabins for off-highway construction and agricultural vehicles, waste recycling systems, vehicle air conditioning and lighting systems, and pedal assemblies; and metal working products consisting of cutting tools, broaches, gear cutting tools, thin film coating metals, aluminum die casted parts, sintered metal and precision machined parts, and clutches for car AC compressors. In addition, it provides IT services and solutions, including ERP, consulting, mobility, cloud, big data and analytics, Internet of Things, application development and management, software product engineering, infrastructure and managed, and shared services; and engineering and design services, such as product engineering, prototype, jigs and fixtures, and value added services for the automotive and non-automotive sectors. Further, the company offers manufacturing support services comprising air compressors, paint coating equipment, and auxiliary equipment for injection molding machines, and automatic manufacturing engineering services. Motherson Sumi Systems Limited was founded in 1986 and is headquartered in Noida, India.

Details
Name: Motherson Sumi Systems Limited
517334
Exchange: BSE
Founded: 1986
₹481,399,264,959
3,157,751,820
Website: http://www.motherson.com
Address: Motherson Sumi Systems Limited
C- 14 A & B,
Sector 1,
Noida,
Uttar Pradesh, 201301,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 517334 Equity Shares Mumbai Stock Exchange IN INR 29. Dec 1994
NSEI MOTHERSUMI Equity Shares National Stock Exchange of India IN INR 29. Dec 1994
Number of employees
Current staff
Staff numbers
0
Motherson Sumi Systems employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:41
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.