Motherson Sumi Q4 Review - Strong Performance In Samvardhana Motherson Peguform, India: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Motherson Sumi Systems Ltd.'s Q4 FY21 performance was a beat led by strong performance in India and Samvardhana Motherson Peguform, as well as lower tax.
The company would continue to benefit from a cyclical recovery in its key businesses as well as from a strong order book and improving efficiencies in Samvardhana Motherson Automotive Systems Group BV.
The company declared a dividend of Rs 1.5/share for FY21 (same as FY20).
We upgrade our FY22E/FY23E earnings per share by 16%/20%, factoring in a strong recovery in SMP, India, and PKC Group Plc., as well as a lower tax rate.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.