Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Motherson Sumi Wiring India Ltd

MSUMI
Auto Ancillaries - Diversified

Motherson Sumi Wiring India Ltd's earnings have outrun its stock. EPS grew +3.3% in a year against a −7.3% price move.

The sharpest disagreement: Foreign institutions moved −1.9 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.

The price is in a downtrend (18 weeks in) while the P/E sits at the 24th percentile of its own 4-year range. Underneath, the last four quarters read improving — profit +1.2% year on year, and 103% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.

Stage
Mixed
fundamental trajectory, 12 quarters
Price
₹40.3
−7.3% 1Y
P/E
42.6×
24th pctile
of its own 4-year range
Revenue (Mar 26)
₹3,335 Cr
+32.9% YoY
Profit (Mar 26)
₹167 Cr
+1.2% YoY
Operating margin
8.0%
−3.0 pp YoY
ROCE
39%
FY26
ROIC
28.9%
vs WACC 12.0% → +16.9 pp
Cash conversion
103%
of profit, last 3 FY
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Motherson Sumi Wiring India Ltd trades at ₹40.3, in a downtrend and 18 weeks into that stage. That is −2.1% against its own 200-day average. It sits at 26% of a 52-week range of ₹37 to ₹50. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (3 weeks and counting).

Today the stock is in a downtrend — week 18 of stage 4, confirmed. At ₹40.3 it trades −2.1% versus its 200-day average and sits at 26% of its 52-week range (₹37–₹50).

Jul 26: ₹40.3 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
−2.1% versus the 200-day line, week 18 of stage 4
Price50-day avg200-day avg
S2S4S2S4₹52.3₹46.7₹41.0₹35.4₹29.8₹40₹41Jul 23Apr 24Jan 25Oct 25Jul 26
S2S4S2S4₹52.3₹46.7₹41.0₹35.4₹29.8₹40₹41Jul 23Jan 25Jul 26
Beating or trailing, week by week since 2022 Each cell is one week from 2022 to now (228 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Apr 22Jul 26

Against the market, two honest reads. Cumulative: over the last 4.3 years the stock moved +31% while the NIFTY 500 moved +52% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (3 weeks and counting; last ahead the week of 2026-07-01) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 24th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Motherson Sumi Wiring India Ltd trades at 42.6× P/E, near the bottom of its own range — cheaper only 24% of the time. Its long-run median P/E is 49.4×, measured across 4.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 42.6× is near the bottom of its own range — cheaper only 24% of the time, against a long-run median of 49.4× measured over 4.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 42.6× vs a 49.4× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 4.2-year window; loss-period spikes above 60× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 24% of the time
P/EMedianEPS (TTM) (quarterly)
62.4×₹1.154.5×₹0.846.6×₹0.538.7×₹0.330.8×₹0.0×42.70×₹1May 22Sep 23Aug 24Aug 25Jul 26
62.4×₹1.154.5×₹0.846.6×₹0.538.7×₹0.330.8×₹0.0×42.70×₹1May 22Aug 24Jul 26
PEG 1.56 PEG ratio per quarter — the P/E divided by the earnings-growth rate. The dashed line marks 1.0: below it the growth is cheap against the multiple, above it the price already prices the growth in. Last 17 quarters.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
2.4×1.9×1.5×1.1×0.7××1.56×Q4 FY22Q4 FY23Q4 FY24Q4 FY25Q4 FY26
2.4×1.9×1.5×1.1×0.7××1.56×Q4 FY22Q4 FY24Q4 FY26
P/E
42.6×
24th percentile of 4y
PEG
1.60
as reported

Why the multiple sits where it does: over the past year annual EPS moved +3.3% against a −7.3% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the +1.4%/yr price move, ~+8.8%/yr came from earnings growth and ~−7.4 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: Mixed

Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Motherson Sumi Wiring India Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 39.3% — the per-curve reads carry the story. The read is built from 12 quarters across 4 curves, on full evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfitEPS
24%53%21%37%17%20%14%2.7%10%−14%%%23.1%3%4.4%Jun 23Sep 24Mar 26
24%53%21%37%17%20%14%2.7%10%−14%%%23.1%3%4.4%Jun 23Sep 24Mar 26
ROCE Trailing-twelve-month operating profit (before interest and tax) as a share of average capital employed — total assets minus current liabilities, the standard textbook basis, %.
the return curve, computed quarterly
ROCE
56%51%47%43%38%%39.3%Jun 23Sep 24Mar 26
56%51%47%43%38%%39.3%Jun 23Sep 24Mar 26
Revenue growth
Rising
latest +23.1% · span +11.4% to +23.1%
Profit growth
Rising
latest +3.0% · span −9.6% to +48.5%
EPS growth
Rising
latest +4.4% · span −9.0% to +48.8%
ROCE
Rolling over
latest 39.3% · span 39.3%–54.6%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

Growth, year by year: revenue +23.2% in FY26, profit +3.1% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
46%34%37%24%28%13%18%2.5%9.4%−8.1%%%23.2%3.1%FY21FY23FY26
46%34%37%24%28%13%18%2.5%9.4%−8.1%%%23.2%3.1%FY21FY23FY26
TTM growth by quarter Trailing-twelve-month growth versus the year-ago TTM, per quarter, %: revenue (left axis); profit and EPS (right axis). The acceleration read compares the last 4 quarters (+23.1%) with the last 8 annualized (+17.5%).
revenue accelerating, profit accelerating
Revenue TTM YoYProfit TTM YoYEPS TTM YoY
24%53%21%37%17%20%14%2.7%10%−14%%%23.1%3%Jun 23Sep 24Mar 26
24%53%21%37%17%20%14%2.7%10%−14%%%23.1%3%Jun 23Sep 24Mar 26
Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+23.2%+17.5%+23.9%
Profit+3.1%+8.7%+9.6%
EPS+3.3%+8.8%
Share price−7.3%+1.4%
Revenue YoY (Mar 26)
+32.9%
latest quarter vs a year ago
Profit YoY (Mar 26)
+1.2%
latest quarter vs a year ago
Revenue 10y
23.9%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

41.6/100 — rank 16 of 20 in Auto Ancillaries - Diversified · 90% evidence confidence

Motherson Sumi Wiring India Ltd scores 41.6 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 16. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 10.7 + 17.5 + 7.1 + 6.3 = 41.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Motherson Sumi Wiring India Ltd reported ₹3,335 Cr of revenue in the Mar 26 quarter, +32.9% year on year. That is the 12th straight quarter of year-on-year growth. Over 5 years it has compounded at 23.9% a year. The last full year, FY26, came in at ₹11,478 Cr. The last four reported quarters add to ₹11,478 Cr.

Motherson Sumi Wiring India Ltd reported ₹3,335 Cr of revenue in the Mar 26 quarter, +32.9% year on year. That is the 12th straight quarter of year-on-year growth. Over 5 years it has compounded at 23.9% a year. The last full year, FY26, came in at ₹11,478 Cr. The last four reported quarters add to ₹11,478 Cr.

FY26 revenue came in at ₹11,478 Cr (+23.2% on the year), capping 5 years at 23.9% compound. The latest quarter (Mar 26) printed ₹3,335 Cr, +32.9% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹11,478 Cr (+23.2% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
23.9% a year over 5 years
RevenueYoY growth
12.4k46%9.3k37%6.2k28%3.1k18%09.4%₹ Cr%₹11,47823.2%FY21FY23FY26
12.4k46%9.3k37%6.2k28%3.1k18%09.4%₹ Cr%₹11,47823.2%FY21FY23FY26
Mar 26: ₹3,335 Cr (+32.9% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
12th straight quarter of growth
Revenue (quarterly)YoY growth
3.6k35%2.7k28%1.8k21%90014%06.8%₹ Cr%₹3,33532.9%Jun 23Sep 24Mar 26
3.6k35%2.7k28%1.8k21%90014%06.8%₹ Cr%₹3,33532.9%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +22.8% growth against the decade's 23.9% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +23.1% over the last 4 quarters against +17.5%/yr over the last 8 — accelerating; TTM profit +3.0% vs −1.1%/yr — accelerating.

→ Revenue grew — did margins hold as it scaled? Next: 8.0% this quarter (−3.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Motherson Sumi Wiring India Ltd's operating margin is 8.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 9.0% to 14.0%. The current quarter is running below every full year in that window.

Motherson Sumi Wiring India Ltd's operating margin is 8.0% in the Mar 26 quarter, −3.0 percentage points against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 9.0% to 14.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 8.0%, −3.0 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 9.0%–14.0%.

🚨 Why the margin moved: operating margin went −2.6 pp year on year while gross margin went −4.8 pp — the loss came mostly from the gross line: input costs and pricing.

FY26: 9.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 6-year window.
within a 9.0–14.0% band over 6 years
operating marginYoY change (pp)
14%1.2%13%0.4%12%−0.5%10%−1.4%8.6%−2.2%%%9%−2%FY21FY23FY26
14%1.2%13%0.4%12%−0.5%10%−1.4%8.6%−2.2%%%9%−2%FY21FY23FY26
Mar 26: 8.0% operating margin (−3.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
13%1.3%12%0.2%11%−1.0%9.1%−2.2%7.6%−3.3%%%8%−3%Jun 23Sep 24Mar 26
13%1.3%12%0.2%11%−1.0%9.1%−2.2%7.6%−3.3%%%8%−3%Jun 23Sep 24Mar 26

→ Margins slipped — did that reach the bottom line? Next: profit +1.2% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Motherson Sumi Wiring India Ltd earned ₹167 Cr of net profit in the Mar 26 quarter, +1.2% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹625 Cr. The 5-year compound rate is 9.6%. That is 5.0% of the quarter's revenue. The same quarter a year earlier earned ₹165 Cr.

Motherson Sumi Wiring India Ltd earned ₹167 Cr of net profit in the Mar 26 quarter, +1.2% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹625 Cr. The 5-year compound rate is 9.6%. That is 5.0% of the quarter's revenue. The same quarter a year earlier earned ₹165 Cr.

Mar 26 profit was ₹167 Cr, +1.2% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹625 Cr (+3.1%), and the 5-year compound rate is 9.6%.

FY26 profit ₹625 Cr (+3.1% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
9.6% a year over 5 years
Net profitYoY growth
68934%51723%34513%1722.6%0−7.9%₹ Cr%₹6253.1%FY21FY23FY26
68934%51723%34513%1722.6%0−7.9%₹ Cr%₹6253.1%FY21FY23FY26
Mar 26: ₹167 Cr (+1.2% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
3rd straight quarter of growth
Net profit (quarterly)YoY growth
20665%15543%10321%52−0.9%0−23%₹ Cr%₹1671.2%Jun 23Sep 24Mar 26
20665%15543%10321%52−0.9%0−23%₹ Cr%₹1671.2%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +32.9% and the margin −3.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +3.0% vs revenue +22.8%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

→ Profit rose — but did the cash follow? Next: 103% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 103% of Motherson Sumi Wiring India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹761 Cr of operating cash against ₹625 Cr of profit. After ₹269 Cr of capital spending, ₹492 Cr was left as free cash.

FY26: operating cash of ₹761 Cr against reported profit of ₹625 Cr, leaving free cash of ₹492 Cr after ₹269 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 103% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹761 Cr vs profit ₹625 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 6-year window, annual resolution.
103% of 3-year profit arrived as cash
Operating cashNet profitFree cash
858616375133−109₹ Cr₹761₹625₹492FY21FY23FY26
858616375133−109₹ Cr₹761₹625₹492FY21FY23FY26
FY26: CFO = 122% of profit (three-year rate 103%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
134%99%64%28%−6.7%%122%FY21FY23FY26
134%99%64%28%−6.7%%122%FY21FY23FY26

Why conversion sits at 103%: the cash cycle tightened 21 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 48-day cycle and ₹717 Cr of building.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Motherson Sumi Wiring India Ltd's cash conversion cycle runs 48 days in FY26, down from 69 days in FY21. Capital spending ran ₹717 Cr over the last 3 years. At FY26 sales of ₹11,478 Cr each day of that cycle holds about ₹31.4 Cr, so roughly ₹1,509 Cr sits inside the business at any moment.

FY26: debtors at 60 days, inventory at 82 days — roughly 2.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 48 days, tighter than FY21's 69.

The full loop: cash goes out to suppliers and production on day 0; stock waits 82 days to sell; customers pay about 60 days after that; and suppliers themselves are paid at 93 days — netting out to the 48-day cycle.

In money terms: at FY26 sales of ₹11,478 Cr, each day of the cycle holds about ₹31.4 Cr — so the 48-day loop keeps roughly ₹1,509 Cr sitting inside the business at any moment.

FY26: a 48-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 6-year window.
−21 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
122100785533days48d82d60d93dFY21FY22FY23FY24FY26
122100785533days48d82d60d93dFY21FY23FY26

On the investment side: capital spending of ₹717 Cr over the last 3 fiscal years against ₹542 Cr of depreciation — building somewhat ahead of wear-and-tear. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹269 Cr, work-in-progress ₹2.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
4323242161080₹ Cr₹269₹2FY22FY23FY24FY25FY26
4323242161080₹ Cr₹269₹2FY22FY24FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 39% and the ROIC − WACC spread is +16.9 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Motherson Sumi Wiring India Ltd earns a ROCE of 39% in FY26. Return on invested capital clears the cost of that capital by +16.9 percentage points, so growth here adds value rather than only size. The wiring behind it is 5.4% net margin on 2.42× asset turns.

FY26 ROCE is 39%.

Why the return is what it is — the wiring (FY26): 5.4% net margin × 2.42× asset turns × 2.20× balance-sheet leverage ≈ 28.7% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 28.9% − 12.0% = a +16.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

FY26: ROCE 39% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 5-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the full ladder
ROCEROIC (annual)WACC
94%72%50%28%5.9%%39%29.4%FY22FY24FY26
94%72%50%28%5.9%%39%29.4%FY22FY24FY26
Q4 FY26: ROCE 34.6% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
49%39%29%19%9.2%%34.6%32.7%Q1 FY24Q2 FY25Q4 FY26
49%39%29%19%9.2%%34.6%32.7%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.11.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Motherson Sumi Wiring India Ltd carries total debt of ₹233 Cr against shareholder equity of ₹2,162 Cr as of Mar 26, a debt-to-equity of 0.11 — effectively unlevered. On the annual view that ratio went from 0.25 in FY22 to 0.11 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.

Mar 26: total debt of ₹233 Cr against shareholder equity of ₹2,162 Cr — a debt-to-equity of 0.11. On the annual view, debt-to-equity went from 0.25 (FY22) to 0.11 (FY26). The returns on this page are earned, not borrowed.

FY26: debt ₹233 Cr at 0.11× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
4030.29×3020.24×2010.20×1010.15×00.10×₹ Cr×₹2330.11×FY22FY24FY26
4030.29×3020.24×2010.20×1010.15×00.10×₹ Cr×₹2330.11×FY22FY24FY26
Mar 26: debt ₹233 Cr, debt-to-equity 0.11 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 12 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
4030.29×3020.24×2010.20×1010.15×00.10×₹ Cr×₹2330.11×Jun 23Sep 24Mar 26
4030.29×3020.24×2010.20×1010.15×00.10×₹ Cr×₹2330.11×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 1.9 points over 8 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 1.9 points of Motherson Sumi Wiring India Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 8.9% of the company. Domestic institutions moved +1.6 points over the same window, to 17.9%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −1.9 points over 8 quarters to 8.9%; Domestic institutions: +1.6 points over 8 quarters to 17.9%; Promoters: +0.0 points over 8 quarters to 61.7%.

Why the register moved: rotation — foreign institutions −1.9 points against domestic institutions +1.6 points over 8 quarters, with promoters holding steady — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
66%51%36%21%5.6%%61.7%9.7%17.4%11.1%Mar 24Mar 25Mar 26
66%51%36%21%5.6%%61.7%9.7%17.4%11.1%Mar 24Mar 25Mar 26
Foreign institutions cut 1.9 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
66%51%35%20%4.7%%61.7%8.9%17.9%11.5%Jun 23Dec 24Jun 26
66%51%35%20%4.7%%61.7%8.9%17.9%11.5%Jun 23Dec 24Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Motherson Sumi Wiring India Ltd: the Z-score reads 10.24. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits well clear of distress. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 10.24 sits well clear of the distress zone — the balance sheet is not the risk here.

The safety line in one sentence: the Z-score reads 10.24.

Related companies · same sector · Auto Ancillaries - Diversified Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Motherson Sumi Wiring India Ltd this page42.6×₹26,600 CrMixed
Samvardhana Motherson International Ltd36.0×₹1.5L CrTurning around
Bosch Ltd59.0×₹1.2L CrMixed
Endurance Technologies Ltd39.7×₹37,051 CrConsistent
ZF Commercial Vehicle Control System India Ltd52.3×₹26,410 CrTopping out
Sansera Engineering Ltd59.1×₹19,874 CrMixed
Minda Corporation Ltd44.8×₹16,173 CrMixed
Lumax Auto Technologies Ltd34.7×₹9,991 CrConsistent
Varroc Engineering Ltd38.7×₹9,820 CrTurning around
S J S Enterprises Ltd44.0×₹7,475 CrConsistent
Suprajit Engineering Ltd35.5×₹6,646 CrTurning around
Sharda Motor Industries Ltd14.3×₹4,744 CrMixed
Carraro India Ltd22.1×₹3,036 CrNo read
NDR Auto Components Ltd30.9×₹1,933 CrMixed
Jay Bharat Maruti Ltd12.5×₹1,747 CrNo read
OBSC Perfection Ltd56.0×₹1,512 CrNo read
Automobile Corporation Of Goa Ltd18.7×₹1,353 CrTurning around
Precision Camshafts Ltd53.4×₹1,317 CrMixed
Automobile Corporation Of Goa Ltd15.1×₹1,027 CrTurning around
Munjal Auto Industries Ltd28.2×₹998 CrNo read
Mercury EV-Tech Ltd160.0×₹667 CrDeteriorating
12 · Frequently asked questions

Frequently asked questions

What is Motherson Sumi Wiring India Ltd's share price today?

Motherson Sumi Wiring India Ltd trades at ₹40.3, −7.3% over the past year. The company is valued at ₹26,600 Cr. The stock sits at 26% of its 52-week range of ₹37–₹50, −2.1% versus its 200-day average. On the tape, the price is in a downtrend, 18 weeks in. — as of 24 July 2026.

What were Motherson Sumi Wiring India Ltd's latest quarterly results?

Motherson Sumi Wiring India Ltd reported revenue of ₹3,335 Cr and net profit of ₹167 Cr for the Mar 26 quarter. Revenue rose 32.9% and profit rose 1.2% year on year. Earnings per share were ₹0.25. The operating margin was 8.0%, 3.0 pp lower than a year earlier. — as of 24 July 2026.

What is Motherson Sumi Wiring India Ltd's revenue?

Motherson Sumi Wiring India Ltd reported revenue of ₹3,335 Cr in the Mar 26 quarter, +32.9% year on year. For the full FY26 fiscal year, revenue was ₹11,478 Cr (+23.2%). Over the last 5 years revenue compounded at 23.9% a year. — as of 24 July 2026.

What is Motherson Sumi Wiring India Ltd's profit?

Motherson Sumi Wiring India Ltd earned ₹167 Cr of net profit in the Mar 26 quarter, +1.2% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹625 Cr. The operating margin ran 8.0% in the latest quarter. — as of 24 July 2026.

What is Motherson Sumi Wiring India Ltd's market cap?

Motherson Sumi Wiring India Ltd's market capitalisation is ₹26,600 Cr at a share price of ₹40.3. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Motherson Sumi Wiring India Ltd's P/E ratio?

Motherson Sumi Wiring India Ltd trades at a P/E of 42.6×, at the 24th percentile of its own 4-year range, against a long-run median of 49.4×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does Motherson Sumi Wiring India Ltd pay a dividend?

Yes — Motherson Sumi Wiring India Ltd's dividend payout was 62% of profit in FY26, and it recorded a payout in 5 of its last 6 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.

Is Motherson Sumi Wiring India Ltd overvalued?

On its own history, Motherson Sumi Wiring India Ltd looks cheap against its own history: its P/E of 42.6× has been cheaper only 24% of the time in 4 years (long-run median 49.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is Motherson Sumi Wiring India Ltd growing?

Yes — Motherson Sumi Wiring India Ltd is growing: latest-quarter revenue +32.9% year on year, profit +1.2%, and the margin −3.0 pp at 8.0%. The 5-year compound rates are 23.9% (revenue) and 9.6% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is Motherson Sumi Wiring India Ltd performing?

Motherson Sumi Wiring India Ltd is in a downtrend, 18 weeks in. Its latest quarter's revenue rose 32.9% and profit rose 1.2% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 3 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

What stage is Motherson Sumi Wiring India Ltd in?

Mixed — no clean majority across the growth curves, ROCE slipping at 39.3% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +23.1% latest, profit growth +3.0% latest, eps growth +4.4% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.

Is Motherson Sumi Wiring India Ltd in an uptrend?

No — the price is in a downtrend (week 18 of stage 4), trading −2.1% versus its 200-day average and at 26% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Motherson Sumi Wiring India Ltd beating the market?

Not lately — on a trailing-13-week view Motherson Sumi Wiring India Ltd is currently behind the NIFTY 500 (3 weeks and counting; last ahead the week of 2026-07-01), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 4.3 years the stock moved +31% against the NIFTY 500's +52% — behind the index over the full window. — as of 24 July 2026.

Will Motherson Sumi Wiring India Ltd's share price go up?

This page publishes no price forecast for Motherson Sumi Wiring India Ltd. What it measures instead: the share price is ₹40.3, the price is in a downtrend 18 weeks in. Its P/E of 42.6× sits at the 24th percentile of its own 4-year range. — as of 24 July 2026.

Who owns Motherson Sumi Wiring India Ltd?

Promoters hold 61.7% of Motherson Sumi Wiring India Ltd, foreign institutions 8.9%, domestic institutions 17.9% and the public 11.5% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 1.9 points over 8 quarters. — as of 24 July 2026.

Does Motherson Sumi Wiring India Ltd have too much debt?

No — Motherson Sumi Wiring India Ltd's debt-to-equity is 0.11, and operating profit covers the interest bill 41×. FY26 borrowings were ₹233 Cr against equity of ₹2,161 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Motherson Sumi Wiring India Ltd's capex?

Motherson Sumi Wiring India Ltd spent ₹717 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹269 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Motherson Sumi Wiring India Ltd's cash flow?

Motherson Sumi Wiring India Ltd generated ₹761 Cr of operating cash flow in FY26 and ₹492 Cr of free cash flow after ₹269 Cr of capital spending. Reported profit that year was ₹625 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Motherson Sumi Wiring India Ltd's profit real cash?

Yes — over the last 3 fiscal years, 103% of Motherson Sumi Wiring India Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹761 Cr against reported profit of ₹625 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.

How financially safe is Motherson Sumi Wiring India Ltd?

On the balance sheet, the Z-score reads 10.24 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That sits well clear of trouble. — as of 24 July 2026.

Where is Motherson Sumi Wiring India Ltd in its business cycle?

Motherson Sumi Wiring India Ltd's FY26 operating margin was 9.0%, against a 6-year band of 9.0%–14.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Motherson Sumi Wiring India Ltd story?

The sharpest disagreement: Foreign institutions moved −1.9 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Motherson Sumi Wiring India Ltd a stock worth studying right now?

This is not investment advice. The machine read: Motherson Sumi Wiring India Ltd's earnings have outrun its stock. EPS grew +3.3% in a year against a −7.3% price move. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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