WatchTalking point
Profit lagging revenue
Revenue grew 10.9% but profit declined 1.5%, so the company kept less of each rupee of revenue as profit.
Importance 65 / 95 · growth
Samvardhana Motherson International Limited · Research view
Samvardhana Motherson International Limited
NSE: MOTHERSONBSE: 517334ISIN INE775A01035Face value ₹1standalone
₹158
−1.25% · 2026-10-01 · 52-wk ₹102–₹171
Financials to FY2026 · 5 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis
What stands out?
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
StrengthConcernWatchContext
StrengthTalking point
Book value compounding
Net worth compounded at 18.2% a year over 4 years (₹22,365 → ₹43,659).
Importance 57 / 95 · financial health
StrengthTalking point
Compounding revenue
Revenue compounded at 18.7% a year over 4 years (₹63,536 → ₹1,26,104).
Importance 57 / 95 · growth
Strength
Earnings consistently backed by cash
Operating cash flow has matched or exceeded reported profit in 5 of the last 5 profit-making years (latest 2.76×).
Importance 55 / 95 · cash quality
Section 03 · The company
Who is this company?
Classified by the exchange under Consumer Discretionary › Automobile and Auto Components › Auto Components › Auto Components & Equipments.
- Market cap
- ₹1.66 L cr
- FY2026 revenue
- ₹12,374 cr
- FY2026 net profit
- ₹1,796 cr
- Net worth
- ₹38,290 cr
- Total debt
- ₹8,003 cr
- EPS (basic)
- ₹1.70
- Listed
- NSE · BSE
- Reporting
- Ind-ASApr–Mar
Peer set used on this page: 5 auto components & equipments.
Section 04 · Business performance
Is the business growing?
RevenueNet profit
Watch
Revenue grew 10.9% but profit declined 1.5%, so the company kept less of each rupee of revenue as profit.
Rule PROFIT_SLOWER_THAN_REVENUE
- Revenue growth per year
- +23.4%over 4 years
- Revenue growth
- +21.5%vs last year
- Net profit growth
- +13.9%vs last year
- Change in net profit since FY22
- +54%
Revenue compounded at 18.7% a year over 4 years (₹63,536 → ₹1,26,104).
Over 4 years profit compounded at 36.4% a year while revenue compounded at 18.7% a year — though FY2024 saw a one-off step-change of 81% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Section 05 · Recent activity
What changed recently?
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Strength
Q1 FY27 net profit was ₹1,076 cr, up 77.5% from ₹606 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Strength
Q1 FY27 net profit grew 77.5% while revenue grew 16.7% vs the same quarter last year — a gap of 60.8 percentage points.
Rule QTR_PROFIT_VS_REVENUE_GROWTH
Strength
Q1 FY27 EBIT was ₹1,820 cr, up 39.0% from ₹1,309 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
A. Quarterly results
RevenueNet profit
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 27,812 | — | 949 | — | 3.4% |
| Q3 FY25 | 27,666 | +7.7% | 984 | +55.4% | 3.6% |
| Q4 FY25 | 29,317 | +8.3% | 1,115 | −22.8% | 3.8% |
| Q1 FY26 | 30,212 | +4.7% | 606 | −44.8% | 2.0% |
| Q2 FY26 | 30,173 | +8.5% | 846 | −10.9% | 2.8% |
| Q3 FY26 | 31,409 | +13.5% | 1,072 | +8.9% | 3.4% |
| Q4 FY26 | 34,309 | +17.0% | 1,562 | +40.0% | 4.6% |
| Q1 FY27 | 35,244 | +16.7% | 1,076 | +77.5% | 3.1% |
B. TTM snapshot
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
- Revenue
- ₹1,31,135 crTTM
- EBITDA
- ₹12,852 crTTM
- EBIT
- ₹7,590 crTTM
- PBT
- ₹5,655 crTTM
- Net profit
- ₹4,555 crTTM
C. Corporate actions
14 Jul 2026DividendFinal Dividend - Rs. - 0.2500 — ₹0.25/share
27 Mar 2026DividendInterim Dividend - Rs. - 0.3500 — ₹0.35/share
18 Jul 2025Bonus issueBonus issue 1:2 — 2:3
23 Jun 2025DividendFinal Dividend - Rs. - 0.3500 — ₹0.35/share
28 Mar 2025DividendInterim Dividend - Rs. - 0.5000 — ₹0.50/share
14 Aug 2024DividendFinal Dividend - Rs. - 0.8000 — ₹0.80/share
11 Aug 2023DividendFinal Dividend - Rs. - 0.6500 — ₹0.65/share
3 Oct 2022Bonus issueBonus issue 1:2 — 2:3
12 Aug 2022DividendFinal Dividend - Rs. - 0.6500 — ₹0.65/share
14 Jan 2022DemergerSpin Off
3 Sept 2021DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
12 Mar 2020DividendInterim Dividend - Rs. - 1.5000 — ₹1.50/share
8 Aug 2019DividendFinal Dividend - Rs. - 1.5000 — ₹1.50/share
30 Oct 2018Bonus issueBonus issue 1:2 — 2:3
8 Aug 2018DividendDividend - Rs. - 2.2500 — ₹2.25/share
14 Aug 2017DividendDividend - Rs. - 2.0000 — ₹2.00/share
5 Jul 2017Bonus issueBonus issue 1:2 — 2:3
22 Mar 2016DividendInterim Dividend - Rs. - 2.5000 — ₹2.50/share
23 Jul 2015Bonus issueBonus issue 1:2 — 2:3
23 Jul 2015DividendDividend - Rs. - 3.0000 — ₹3.00/share
19 Aug 2014DividendDividend - Rs. - 2.5000 — ₹2.50/share
20 Dec 2013Bonus issueBonus issue 1:2 — 2:3
21 Aug 2013DividendDividend - Rs. - 2.0000 — ₹2.00/share
3 Oct 2012Bonus issueBonus issue 1:2 — 2:3
31 Aug 2012DividendDividend - Rs. - 2.2500 — ₹2.25/share
Section 06 · Business performance
Is it becoming more profitable?
EBITDA marginNet margin
Concern
ROE declined from 12.7% to 10.1% year on year.
Rule ROE_DETERIORATED_YOY
- EBITDA margin now
- 22.0%
- 5-year range
- 17.5–24.6%
- ROE FY2026
- 4.7%
- ROCE FY2026
- 5.2%
Section 07 · Financial health
Is financial health improving?
Net worth (shareholders' funds)
Strength
Net worth compounded at 18.2% a year over 4 years (₹22,365 → ₹43,659).
Rule NET_WORTH_COMPOUNDING
Operating cash flowNet profit
- Total debt
- ₹8,003 cr
- Operating cash flow ÷ net profit
- 0.58×FY2026
- Free cash flow
- ₹578 cr
- Current ratio
- 1.02×
Operating cash flow has matched or exceeded reported profit in 5 of the last 5 profit-making years (latest 2.76×).
Free cash flow has been positive in 5 of the last 5 years.
Section 08 · Relative position
How does it compare with peers?
Ranked against 5 auto components & equipments (FY2026, consolidated). No peer-relative rule fired for this company.
Revenue growth
MOTHERSON · 3rd of 5 · set median 10.9%
EBITDA margin
MOTHERSON · 5th of 5 · set median 11.6%
Return on equity
MOTHERSON · 4th of 5 · set median 10.2%
P/E ratio
MOTHERSON · 1st of 5 · set median 40.8×
- P / E
- 36.5×TTM to Jun 26
- P / B
- 3.8×latest book
- P / S
- 1.3×TTM sales
- Earnings yield
- 2.7%TTM to Jun 26
On the trailing twelve months. Last full year: P/E 40.7× · P/S 1.3× · ROE 10.1%.
Section 09 · The stock
How has the stock performed?
Context
Over 4 years profit (36.4% a year) and the stock (35.0% a year) compounded at roughly the same rate — but FY2022 profit (₹1,182) was well below the through-cycle level (~₹3,020), so this rate is inflated by the recovery from a low base.
Rule STOCK_TRACKED_EARNINGS · recovery
- 1-year return
- +48.6%
- 3-year return
- +146.1%
- 5-year return
- —
- From 52-wk high
- −7.7%
Section 10 · Technical data
What does the technical data say?
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
- vs 50-day avg
- Below₹161
- vs 200-day avg
- Above₹135
- RSI (14)
- 40.6neutral
- MACD histogram
- -0.8
- From 52-wk high
- −7.7%
- From 52-wk low
- +55.0%
- 30-day volatility
- 20.4%ann.
- 6-month return
- +41.7%
Section 11 · Open questions
What should I investigate further?
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
- WatchProfit lagging revenueRevenue grew 10.9% but profit declined 1.5%, so the company kept less of each rupee of revenue as profit.PROFIT_SLOWER_THAN_REVENUE · conviction 65
- ConcernReturns decliningROE declined from 12.7% to 10.1% year on year.ROE_DETERIORATED_YOY · conviction 42
- WatchReported profit carries a one-offFY2026 pre-tax profit includes a ₹414 exceptional charge (8.2% of PBT) — the underlying trend differs from the reported number.PROFIT_INCLUDES_EXCEPTIONALS · conviction 39
Data coverage is complete — 5 years of financials (FY2022–FY2026), full P&L, balance sheet and cash-flow statement, sector metrics fully mapped.
Section 12 · Reference
The numbers
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,345 | 7,355 | 9,046 | 10,187 | 12,374 |
| Total income | 6,056 | 7,821 | 9,599 | 11,461 | 13,477 |
| EBITDA | 1,313 | 1,285 | 1,692 | 2,481 | 2,725 |
| Profit before tax | 920 | 909 | 1,122 | 1,777 | 2,044 |
| Net profit | 1,164 | 774 | 944 | 1,577 | 1,796 |
| EPS (₹) | 3.3 | 1.1 | 1.4 | 2.3 | 1.7 |
| Net worth | 30,931 | 31,441 | 31,929 | 37,489 | 38,290 |
| Total debt | 5,345 | 5,622 | 4,367 | 5,046 | 8,003 |
| Operating cash flow | 368 | 289 | 1,111 | 638 | 1,049 |
| Free cash flow | 110 | −109 | 469 | 155 | 578 |
| Ratio | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth YoY | — | 37.6 | 23.0 | 12.6 | 21.5 |
| Profit growth YoY | — | -33.5 | 22.0 | 67.1 | 13.9 |
| Profitability | |||||
| EBITDA margin % | 24.6 | 17.5 | 18.7 | 24.4 | 22.0 |
| Net margin % | 19.2 | 9.9 | 9.8 | 13.8 | 13.3 |
| Return on equity % | 3.8 | 2.5 | 3.0 | 4.5 | 4.7 |
| Return on capital % | 3.1 | 2.9 | 3.8 | 5.4 | 5.2 |
| Leverage & cash | |||||
| Debt to equity | 0.17 | 0.18 | 0.14 | 0.13 | 0.21 |
| Cash flow ÷ profit | 0.32 | 0.37 | 1.18 | 0.40 | 0.58 |
| Current ratio | 1.49 | 1.28 | 1.46 | 1.05 | 1.02 |