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)

<p><a href="https://www.smartkarma.com/entities/10662" target="_blank" data-smartkarma-citation="entities:10662:1">Motherson Sumi Systems (MSS IN)</a> posted strong FY03/18 results last week, witnessing revenue from operations increase by 12% YoY while EBITDA increased by 24% YoY (after adjusting for start-up costs). These numbers were, however, below our estimates as well as consensus estimates. The company, however, reported a 24% increase in revenue when adjusted according to the New Accounting Standard – IND AS 115 (Revenues from contracts with customers) introduced on 28th March 2018. The new standard has…</p>

Motherson Sumi Systems (MSS IN) posted strong FY03/18 results last week, witnessing revenue from operations increase by 12% YoY while EBITDA increased by 24% YoY (after adjusting for start-up costs). These numbers were, however, below our estimates as well as consensus estimates. The company, however, reported a 24% increase in revenue when adjusted according to the New Accounting Standard – IND AS 115 (Revenues from contracts with customers) introduced on 28th March 2018. The new standard has…

Motherson Sumi: Revenue and EBITDA up 24% in 1Q Although Below Market Expectations