Motherson Sumi also known as Samavardhana Motherson Sumi is an Indian company that deals in manufacturing and supplying automotive components. It is one of the largest producers of wiring harnesses, rearview mirrors, injection molding, and other automotive components. Let’s deep dive into Motherson Sumi’s share price targets.
Motherson Sumi was founded in 1983, as an automotive parts manufacturer. The company has a presence in over 41 countries and also has several joint ventures. The company is a leader in manufacturing exterior rear-view mirrors and also polymer-based interior and exterior modules.
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Motherson Sumi company details
Motherson Sumi Systems Limited is an Indian multinational automotive company that specializes in the manufacturing of automotive wiring harnesses, mirrors, and other auto parts. The company has 270 facilities across 41 countries, the company derived 89% of FY21 revenues from abroad. Motherson Sumi generates 58% of its revenue from the top 8 customers. The top contributors of the revenue are Mercedes-Benz (14.6%), Audi(12.3%), Volkswagen(9.3%), Porsche (5.5%), BMW(4.7%), Renault(4.2%), Maruti Suzuki(3.9%) and others
Motherson Sumi share price target by 2023
The company is amongst the largest producer of rare view mirrors and polymer-based interior and exterior modules. The company has a global presence in delivering rear-view mirrors and other modules. The automobile sector is one of the thriving sectors in India which is expected to grow at 9% CAGR between 2022-2027.
Motherson Sumi has acquired numerous companies so far. Some of its acquisitions are
Wexford Electronics – Wexford Electronics is an Irish company that deals in wiring harnesses for material handling and earthmoving equipment
Empire Rubber – In 2006, Motherson Sumi acquired Empire Rubber
Visiocorp – In 2009, Motherson Sumi acquired the world’s largest rearview mirror manufacturer Empire Rubber
Peguform – In 2011, the company acquired Peguform, an interior and exterior polymer module maker.
The share price target of Motherson Sumi in 2023 is 85-90
Motherson Sumi share price target by 2025
The electric market is also expected to reach 50,000 crore (US$ 7.09 billion) in India by 2025. Also CEEW Centre for Energy Finance has claimed that the electric vehicle market is expected to reach US$ 206 billion by 2030. Motherson Sumi serves numerous car manufacturers in the world. Those include Mercedes Benz, Audi, and many others. Let’s look at the revenue share by companies
Mercedes Benz contributes 14.6% of its revenue share
Audi has a share of 12.3% revenue share
Volkswagen also contributes a significant amount i.e 9.3%
The remaining companies are Proshe with 5.5%, BMW with 4.7%, Renault with 4.2%, Maruti Suzuki with 3.9%, and the remaining others.
The share price target of Motherson Sumi in 2025 is 123-134
Motherson Sumi share price target by 2030
The most impressive thing about Motherson Sumi is it has 241 270 facilities across 41 countries, the company derived 89% of FY21 revenues from abroad. So there will be no impact on the company if the automobile sector plunges in India. Let’s look at the revenue share of the company by countries
21.4% of its revenue comes from Germany as the country is the leader in making iconic cars like Mercedes, BMW, and others.
The USA contributes 15.2% to its revenue share.
China has a share of 11.5%
India accounts for 10.8% of its total revenue and remaining France with 6.4% and Mexico with 5.3%.
Motherson Sumi belongs to the Auto Ancillary sector.
The share price target of Motherson Sumi in 2030 is 210-223
Year
Motherson Sumi Share price target list
2023
85-90
2025
123-134
2030
210-223
Motherson Sumi Share price target
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This is our analysis of Motherson Sumi’s share price target for 2023, 2025, and 2030. We have given our estimates based on the previous share price movements. Please do your own research before doing any investments.
