Disappointing Margins in 2QFY03/19; Need to Succeed in Acquisition Plans to Meet Market Expectations

Motherson Sumi: 3 Acquisitions in 6 Months- A Feasible Plan?

First Look at MSSL: Aggressive Growth Strategies with No Significant Upside

Reydel: One of Motherson’s Planned Acquisitions

Two More Acquisitions on the Way for Motherson Sumi

Equity Analyst, LightStream Research

Aqila Ali

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

Samvardhana Motherson International Ltd / Equity Bottom-Up

Samvardhana Motherson International Ltd (MOTHERSO IN)

<a href="https://www.smartkarma.com/entities/10662" target="_blank" data-smartkarma-citation="entities:10662:1">Motherson Sumi Systems Ltd (MSS IN)</a> posted strong FY03/18 results last week, witnessing revenue increase by 30.1% YoY while OP increased by 10% YoY. These numbers were, however, below our estimates as well as the consensus estimates. Strong Growth in Revenue but Below Consensus EstimatesWhile the company’s revenue grew 30.1% YoY, consensus estimates expected 31% YoY revenue growth slightly below our estimate (33% YoY growth). We expected strong growth in the company’s top line following the…

Motherson Sumi Systems Ltd (MSS IN) posted strong FY03/18 results last week, witnessing revenue increase by 30.1% YoY while OP increased by 10% YoY. These numbers were, however, below our estimates as well as the consensus estimates. Strong Growth in Revenue but Below Consensus EstimatesWhile the company’s revenue grew 30.1% YoY, consensus estimates expected 31% YoY revenue growth slightly below our estimate (33% YoY growth). We expected strong growth in the company’s top line following the…

FY03/18 Results Fails to Meet Market Expectations; Can Motherson Achieve 'Vision 2020' Target?