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Indian auto-parts conglomerate supplying wiring harnesses, mirrors, plastics and modules to car makers worldwide.
Indian auto-parts conglomerate supplying wiring harnesses, mirrors, plastics and modules to car makers worldwide.
Wins supply contracts for a vehicle program and ships parts for its life, so growth comes from new programs and from more content per car. Led by the Sehgal family, it was built by buying European suppliers such as Peguform and the wiring maker PKC, and works with Japan's Sumitomo Wiring Systems, a long-time partner and shareholder.
In one line: India's Magna/Aptiv — a global diversified auto-parts supplier.
Moat: narrow (scale, customer qualification, switching costs). Long OEM design-in relationships across a diversified global manufacturing footprint built via serial acquisitions.
Headquarters: Noida, India · Founded: 1975 · Employees: 26,346
Size Samvardhana Motherson International (MOTHERSON.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $17.9B, the 56th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹158.55 on 6 Nov 2026.
Performance Over six months the shares gained 21.6%, against -6.5% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +12.3%); the operating margin is 5.5% (peer median 9.7%).
Valuation It trades at 30.2× forward earnings against a peer median of 20.1× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points below its cost of capital (16.1% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.31T | ₹1.26T | ₹1.13T | ₹984B | ₹784B |
| Revenue growth | — | +11% | +15% | +25% | — |
| Gross profit | ₹225B | ₹169B | ₹146B | ₹124B | ₹82.9B |
| EBITDA | ₹125B | ₹124B | ₹103B | ₹89.1B | ₹62.4B |
| Net income | ₹43.8B | ₹38.6B | ₹38.0B | ₹27.2B | ₹15.0B |
| Free cash flow | n/a | ₹40.6B | ₹2.97B | ₹22.7B | ₹18.8B |
| Capital expenditure | n/a | ₹60.5B | ₹45.6B | ₹41.3B | ₹22.2B |
| Total debt | n/a | ₹192B | ₹172B | ₹199B | ₹138B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Samvardhana Motherson International MOTHERSON.NS | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% |
| Magna International MG.TO | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% |
| Aptiv APTV | $7.98B | -32% | -5% | 10% | 6.8× | -6.8% |
| Bosch BOSCHLTD.NS | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% |
| Sona BLW Precision Forgings SONACOMS.NS | $5.94B | +56% | +42% | 17% | 63.7× | 48.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MOTHERSON.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.4% | -1.4% | 11th highest of 21 |
| 6-month return | +21.6% | -6.5% | 2nd highest of 21 |
| Distance from 52-week high | -8.5% | -23.8% | 5th highest of 21 |
| Revenue growth (TTM) | +14.0% | +12.3% | 9th highest of 21 |
| Operating margin | 5.5% | 9.7% | 3rd lowest of 21 |
| Forward P/E | 30.2× | 20.1× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.9% | 8.5% | 4th most demanding of 21 |
| Growth delivered (Del g) | +17.0% | +8.3% | 5th highest of 21 |
| Hurdle (Req g minus delivered) | +13.8 pp | -4.4 pp | 5th most demanding of 21 |
| ROIC minus cost of capital | -3.6 pp | +2.0 pp | 2nd lowest of 21 |
| EV / EBITDA | 13.5× | 10.1× | 6th most expensive of 16 |
| Net debt / EBITDA | 0.9× | 1.0× | 8th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Samvardhana Motherson International MOTHERSON.NS | India | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% | +17.0% |
| Jiangsu Hengli Hydraulic 601100.SS | China | $17.9B | -15% | +31% | 24% | 38.2× | 24.0% | +6.9% |
| ITT ITT | United States | $18.4B | 0% | +28% | 17% | 21.6× | 20.9% | +9.7% |
| Knorr-Bremse KBX.DE | Germany | $17.1B | -9% | +4% | 13% | 20.7× | 8.6% | +4.9% |
| Magna International MG.TO | Canada | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% | +6.0% |
| Bosch BOSCHLTD.NS | India | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% | +15.7% |
| Mobis 012330.KS | South Korea | $22.3B | -18% | +4% | 6% | 8.3× | -1.0% | +10.8% |
| Shenzhen Inovance Technology 300124.SZ | China | $23.0B | -17% | +19% | 10% | 27.0× | 21.3% | +31.4% |
| Weichai Power 2338.HK | Hong Kong | $24.0B | -50% | +14% | 7% | 11.0× | -7.0% | +2.6% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Sumitomo Electric Industries 5802.T | Japan | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% | +11.9% |
| Ningbo Tuopu 601689.SS | China | $11.7B | -26% | +11% | 9% | 29.9× | 15.3% | +35.4% |
| Trelleborg TREL-B.ST | Sweden | $10.1B | +19% | +2% | 19% | 22.9× | 9.6% | +2.6% |
| Denso 6902.T | Japan | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% | +8.8% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| Donaldson DCI | United States | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% | +6.4% |
| Allison Transmission ALSN | United States | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% | +7.7% |
| Niterra 5334.T | Japan | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% | +11.3% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |