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ICICI Direct Report
We attended Motherson Sumi Systems Ltd.’s virtual investor conference about the top businesses in the promoter entity, Samvardhana Motherson International Ltd.
The meet was informative with all business heads explaining their respective businesses in detail, the margin and return on capital employed profile that they operate in, the customer segment that they cater to, growth opportunities that lie ahead and also shared their journey towards attaining the group target of 40% RoCE in their respective businesses in due course of time.
We were particularly enthused by Samvardhana Motherson International’s lighting business (ahead of industry in terms of share of revenues in the LED segment) as well as other businesses that are likely to gain traction due to constant up-gradation in safety norms worldwide.
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