Sector Alpha Week of 2026-08-07
Sector Alpha — machine-written from the numbers · Data as of 2026-08-07

Samvardhana Motherson International Ltd

MOTHERSON
Auto Ancillaries - Diversified

Samvardhana Motherson International Ltd's price has outrun its earnings. +84.3% in a year against EPS +1.7% — the market is paying now for delivery later.

The sharpest disagreement: the price moved +84.3% in a year while annual EPS moved +1.7% — the difference is re-rating, and re-rating has to be repaid with earnings.

The price is in a confirmed uptrend (44 weeks in) while the P/E sits at the 70th percentile of its own 11-year range. Underneath, the last four quarters read improving — profit +77.6% year on year, and 223% of the last 3 years' profit arrived as cash. What settles it: whether earnings grow into a price that has already moved.

Stage
Turning around
fundamental trajectory, 12 quarters
Price
₹169
+84.3% 1Y
P/E
38.9×
70th pctile
of its own 11-year range
Revenue (Jun 26)
₹35,244 Cr
+16.7% YoY
Profit (Jun 26)
₹1,076 Cr
+77.6% YoY
Operating margin
9.0%
+1.0 pp YoY
ROCE
13%
FY26
ROIC
9.8%
vs WACC 12.0% → −2.2 pp
Cash conversion
223%
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.

Samvardhana Motherson International Ltd trades at ₹169, in a confirmed uptrend and 44 weeks into that stage. That is +31.4% against its own 200-day average. It sits at 100% of a 52-week range of ₹104 to ₹169. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.

Today the stock is in a confirmed uptrend — week 44 of stage 2, confirmed. At ₹169 it trades +31.4% versus its 200-day average and sits at 100% of its 52-week range (₹104–₹169).

Aug 26: ₹169 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.
+31.4% versus the 200-day line, week 44 of stage 2
Price50-day avg200-day avg
S2S4S2₹178₹145₹112₹78.7₹45.8₹169₹128Aug 23May 24Feb 25Dec 25Aug 26
S2S4S2₹178₹145₹112₹78.7₹45.8₹169₹128Aug 23Feb 25Aug 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (552 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
Feb 16Aug 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +372% while the NIFTY 500 moved +286% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — 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.

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.

Samvardhana Motherson International Ltd trades at 38.9× P/E, at the pricey end of its own range (70th percentile). Its long-run median P/E is 32.8×, measured across 10.5 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 38.9× is at the pricey end of its own range (70th percentile), against a long-run median of 32.8× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 38.9× vs a 32.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.5-year window; loss-period spikes above 98× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (70th percentile)
P/EMedianEPS (TTM) (quarterly)
105.5×₹4.779.9×₹3.554.3×₹2.328.6×₹1.23.0×₹0.0×38.90×₹4Feb 16Aug 18Sep 21Mar 24Aug 26
105.5×₹4.779.9×₹3.554.3×₹2.328.6×₹1.23.0×₹0.0×38.90×₹4Feb 16Sep 21Aug 26
PEG 1.11 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. Computed here as quarter-end P/E ÷ trailing-twelve-month EPS growth (only quarters with positive growth), because a reported quarterly PEG is not held for this stock. Last 10 quarters; values above 6 pinned at the top.
above 1.0, the multiple already banks the growth
PEGPEG = 1.0
6.5×4.8×3.2×1.6×0.0××1.11×Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q1 FY27
6.5×4.8×3.2×1.6×0.0××1.11×Q2 FY24Q2 FY25Q1 FY27
P/E
38.9×
70th percentile of 11y
PEG
1.39
derived from 3-year earnings growth

🚨 Why the multiple sits where it does: over the past year annual EPS moved +1.7% against a +84.3% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +14.4%/yr price move, ~+23.5%/yr came from earnings growth and ~−9.1 pp from the multiple (compressing); over 10y, of the +11.5%/yr price move, ~+8.4%/yr came from earnings growth and ~+3.1 pp from the multiple (expanding). 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 full against its own past, so the story rests on the earnings line underneath it, not the multiple.

03 · Stage: Turning around

Stage: Turning around 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).

Samvardhana Motherson International Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −13.9% at the trough to +24.7%, a 2-quarter improving streak, ROCE lifting at 14.2%. The read is built from 12 quarters across 4 curves, on full evidence.

Growth, year by year: revenue +10.9% in FY26, profit −1.4% 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
36%91%25%56%14%20%2.6%−15%−8.6%−51%%%10.9%−1.4%FY16FY21FY26
36%91%25%56%14%20%2.6%−15%−8.6%−51%%%10.9%−1.4%FY16FY21FY26
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 · revenue stabilising, profit accelerating
RevenueProfitEPS
73%214%55%151%38%89%20%26%2.4%−36%%%14%24.7%32.2%Sep 23Dec 24Jun 26
73%214%55%151%38%89%20%26%2.4%−36%%%14%24.7%32.2%Sep 23Dec 24Jun 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
15%14%13%12%11%%14.2%Sep 23Mar 24Dec 24Sep 25Jun 26
15%14%13%12%11%%14.2%Sep 23Dec 24Jun 26
Revenue growth
Steady high
latest +14.0% · span +7.3% to +68.0%
Profit growth
Rising
latest +24.7% · span −18.7% to +196.7%
EPS growth
Rising
latest +32.2% · span −19.0% to +130.6%
ROCE
Rising
latest 14.2% · span 11.5%–15.2%

Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.

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+10.9%+17.0%+17.1%+13.0%
Profit−1.4%+34.7%+21.1%+8.7%
EPS+1.7%+35.5%+20.2%+6.6%
Share price+84.3%+37.7%+14.4%+11.5%
Revenue YoY (Jun 26)
+16.7%
latest quarter vs a year ago
Profit YoY (Jun 26)
+77.6%
latest quarter vs a year ago
Revenue 10y
13.0%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

51.0/100 — rank 11 of 20 in Auto Ancillaries - Diversified · 100% evidence confidence

Samvardhana Motherson International Ltd scores 51.0 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 11. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 20.4 + 8.4 + 5.1 + 17.1 = 51. 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.

Samvardhana Motherson International Ltd reported ₹35,244 Cr of revenue in the Jun 26 quarter, +16.7% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 13.0% a year. The last full year, FY26, came in at ₹1,26,104 Cr. The last four reported quarters add to ₹1,31,135 Cr.

FY26 revenue came in at ₹1,26,104 Cr (+10.9% on the year), capping 10 years at 13.0% compound. The latest quarter (Jun 26) printed ₹35,244 Cr, +16.7% year on year — the 12th consecutive quarter of year-over-year growth.

FY26 revenue ₹1,26,104 Cr (+10.9% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
13.0% a year over 10 years
RevenueYoY growth
136.2k36%102.1k25%68.1k14%34.0k2.6%0−8.6%₹ Cr%₹1,26,10410.9%FY16FY21FY26
136.2k36%102.1k25%68.1k14%34.0k2.6%0−8.6%₹ Cr%₹1,26,10410.9%FY16FY21FY26
Jun 26: ₹35,244 Cr (+16.7% 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
38.1k1,275%28.5k934%19.0k593%9.5k252%0−89%₹ Cr%₹35,24416.7%Sep 23Dec 24Jun 26
38.1k1,275%28.5k934%19.0k593%9.5k252%0−89%₹ Cr%₹35,24416.7%Sep 23Dec 24Jun 26

Pace check: the last four quarters averaged +13.9% growth against the decade's 13.0% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +14.0% over the last 4 quarters against +11.7%/yr over the last 8 — stabilising; TTM profit +24.7% vs +14.6%/yr — accelerating.

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.

Samvardhana Motherson International Ltd's operating margin is 9.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 13 fiscal years the operating margin has ranged 7.0% to 10.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 9.0%, +1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 7.0%–10.0%, and FY26's 10.0% is the top of that band — a record year.

Why the margin moved: operating margin went +0.6 pp year on year while gross margin went −0.9 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 10.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 13-year window.
the widest a 7.0–10.0% band over 13 years
operating marginYoY change (pp)
10%2.2%9.4%1.4%8.5%0.5%7.6%−0.4%6.8%−1.2%%%10%1%FY14FY20FY26
10%2.2%9.4%1.4%8.5%0.5%7.6%−0.4%6.8%−1.2%%%10%1%FY14FY20FY26
Jun 26: 9.0% operating margin (+1.0 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)
11%2.5%10%0.7%9.5%−1.0%8.6%−2.7%7.8%−4.5%%%9%1%Sep 23Dec 24Jun 26
11%2.5%10%0.7%9.5%−1.0%8.6%−2.7%7.8%−4.5%%%9%1%Sep 23Dec 24Jun 26
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.

Samvardhana Motherson International Ltd earned ₹1,076 Cr of net profit in the Jun 26 quarter, +77.6% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹4,086 Cr. The 10-year compound rate is 8.7%. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned ₹606 Cr.

Jun 26 profit was ₹1,076 Cr, +77.6% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹4,086 Cr (−1.4%), and the 10-year compound rate is 8.7%.

FY26 profit ₹4,086 Cr (−1.4% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
8.7% a year over 10 years
Net profitYoY growth
4.5k90%3.4k56%2.2k21%1.1k−13%0−48%₹ Cr%₹4,086−1.4%FY16FY21FY26
4.5k90%3.4k56%2.2k21%1.1k−13%0−48%₹ Cr%₹4,086−1.4%FY16FY21FY26
Jun 26: ₹1,076 Cr (+77.6% 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
1.7k244%1.3k167%84389%42211%0−66%₹ Cr%₹1,07677.6%Sep 23Dec 24Jun 26
1.7k244%1.3k167%84389%42211%0−66%₹ Cr%₹1,07677.6%Sep 23Dec 24Jun 26

Why profit moved: revenue contributed +16.7% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +28.9% vs revenue +13.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

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 223% of Samvardhana Motherson International Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹11,284 Cr of operating cash against ₹4,086 Cr of profit. After ₹11,899 Cr of capital spending, ₹−615 Cr was left as free cash.

FY26: operating cash of ₹11,284 Cr against reported profit of ₹4,086 Cr, leaving free cash of ₹−615 Cr after ₹11,899 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 223% of profit.

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

FY26: CFO ₹11,284 Cr vs profit ₹4,086 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
223% of 3-year profit arrived as cash
Operating cashNet profitFree cash
12.5k8.0k3.5k−977−5.5k₹ Cr₹11,284₹4,086₹−615FY16FY21FY26
12.5k8.0k3.5k−977−5.5k₹ Cr₹11,284₹4,086₹−615FY16FY21FY26
FY26: CFO = 276% of profit (three-year rate 223%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
316%258%200%142%84%%276%FY16FY21FY26
316%258%200%142%84%%276%FY16FY21FY26

Why conversion sits at 223%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.

Router verdict: the bigger cash user is investment — capital spending ran 2.3× depreciation over three years, so the next section's job is to check what that build-out is buying.

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).

Samvardhana Motherson International Ltd's cash conversion cycle runs −26 days in FY26, up from −29 days in FY21. Capital spending ran ₹31,404 Cr over the last 3 years. At FY26 sales of ₹1,26,104 Cr each day of that cycle holds about ₹345 Cr, so roughly ₹−8,983 Cr sits inside the business at any moment.

FY26: debtors at 58 days, inventory at 68 days — roughly 2.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of −26 days, looser than FY21's −29.

The full loop: cash goes out to suppliers and production on day 0; stock waits 68 days to sell; customers pay about 58 days after that; and suppliers themselves are paid at 152 days — netting out to the −26-day cycle.

In money terms: at FY26 sales of ₹1,26,104 Cr, each day of the cycle holds about ₹345 Cr — so the −26-day loop keeps roughly ₹−8,983 Cr sitting inside the business at any moment.

FY26: a −26-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 13-year window.
+3 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
167113606−48days−26d68d58d152dFY14FY17FY20FY23FY26
167113606−48days−26d68d58d152dFY14FY20FY26

On the investment side: capital spending of ₹31,404 Cr over the last 3 fiscal years against ₹13,437 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹4,094 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹11,899 Cr, work-in-progress ₹4,094 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.
a build-out
CapexWork-in-progress
12.9k9.6k6.4k3.2k0₹ Cr₹11,899₹4,094FY16FY18FY21FY23FY26
12.9k9.6k6.4k3.2k0₹ Cr₹11,899₹4,094FY16FY21FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

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.

Samvardhana Motherson International Ltd earns a ROCE of 13% in FY26. That is up from a trough of 6% in FY21. Return on invested capital clears the cost of that capital by −2.2 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 3.2% net margin on 1.15× asset turns.

FY26 ROCE is 13%, recovered from a FY21 trough of 6% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 3.2% net margin × 1.15× asset turns × 2.67× balance-sheet leverage ≈ 9.8% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 9.8% − 12.0% = a −2.2 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. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 13% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 13-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 6%
ROCEROIC (annual)WACC
27%21%14%8.3%2.1%%13%9.7%FY14FY20FY26
27%21%14%8.3%2.1%%13%9.7%FY14FY20FY26
Q4 FY26: ROCE 11.2% (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
14%12%11%9.4%7.9%%11.2%9.7%Q2 FY24Q3 FY25Q1 FY27
14%12%11%9.4%7.9%%11.2%9.7%Q2 FY24Q3 FY25Q1 FY27
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.

Samvardhana Motherson International Ltd carries total debt of ₹19,170 Cr against shareholder equity of ₹43,659 Cr as of Jun 26, a debt-to-equity of 0.44. On the annual view that ratio went from 0.63 in FY22 to 0.44 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Jun 26: total debt of ₹19,170 Cr against shareholder equity of ₹43,659 Cr — a debt-to-equity of 0.44. On the annual view, debt-to-equity went from 0.63 (FY22) to 0.44 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹19,170 Cr at 0.44× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window.
Total debtDebt-to-equity
21.5k0.73×16.1k0.65×10.8k0.57×5.4k0.50×00.42×₹ Cr×₹19,1700.44×FY22FY24FY26
21.5k0.73×16.1k0.65×10.8k0.57×5.4k0.50×00.42×₹ Cr×₹19,1700.44×FY22FY24FY26
Jun 26: debt ₹19,170 Cr, debt-to-equity 0.44 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
27.5k0.9×20.6k0.8×13.7k0.7×6.9k0.5×00.4×₹ Cr×₹19,1700.44×Sep 23Dec 24Jun 26
27.5k0.9×20.6k0.8×13.7k0.7×6.9k0.5×00.4×₹ Cr×₹19,1700.44×Sep 23Dec 24Jun 26
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.

Promoters cut 11.8 points of Samvardhana Motherson International Ltd over 8 quarters, the biggest move on the register. That takes promoters to 48.6% of the company. Domestic institutions moved +2.6 points over the same window, to 20.6%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −11.8 points over 8 quarters to 48.6%; Domestic institutions: +2.6 points over 8 quarters to 20.6%; Foreign institutions: +0.0 points over 8 quarters to 12.9%.

🚨 Why the register moved: promoters drove it (−11.8 points), absorbed on the other side by domestic institutions (+2.6 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −11.8 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
65%49%34%19%4.3%%48.6%12.4%21.1%17.6%Mar 24Mar 25Mar 26
65%49%34%19%4.3%%48.6%12.4%21.1%17.6%Mar 24Mar 25Mar 26
Promoters cut 11.8 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
69%53%37%20%3.8%%48.6%12.9%20.6%17.7%Jun 23Dec 24Jun 26
69%53%37%20%3.8%%48.6%12.9%20.6%17.7%Jun 23Dec 24Jun 26
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.

Samvardhana Motherson International Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

14 · Related companies · Auto Ancillaries - Diversified
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1S J S Enterprises LtdSJS 74.2/100Favorable setup97% evidence LEADER 30.0/35 Revenue 28.6% · PAT 67.5% · OPM change 2 pp 95% evidence 19.4/25 ROCE 28.6% · OPM 29% 95% evidence 10.6/20 P/E 41.1× · PEG 0.89 100% evidence 14.2/20 RS sector 17.8% · RS bench 35.4% · 1Y 111.5%12 of 12 weeks ahead 100% evidence
Exact sum: 30 + 19.4 + 10.6 + 14.2 = 74.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Jay Bharat Maruti LtdJAYBARMARU 67.1/100Favorable setup87% evidence BREAKING OUT 23.3/35 Revenue 11.4% · PAT 100% · OPM change -2 pp 95% evidence 12.3/25 ROCE 16.6% · OPM 10% 95% evidence 14.4/20 P/E 10.9× · PEG — 50% evidence 17.1/20 RS sector 12.1% · RS bench 28.1% · 1Y 65.2%11 of 12 weeks ahead 100% evidence
Exact sum: 23.3 + 12.3 + 14.4 + 17.1 = 67.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Lumax Auto Technologies LtdLUMAXTECH 64.9/100Mixed-positive evidence96% evidence ASLEEP 26.6/35 Revenue 33.9% · PAT 47% · OPM change 0 pp 88% evidence 17.2/25 ROCE 21.2% · OPM 14% 100% evidence 11.9/20 P/E 41.4× · PEG 0.75 100% evidence 9.2/20 RS sector -1.4% · RS bench 13.9% · 1Y 58.2%1 of 12 weeks ahead 100% evidence
Exact sum: 26.6 + 17.2 + 11.9 + 9.2 = 64.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Sansera Engineering LtdSANSERA 63.9/100Mixed-positive evidence96% evidence LEADER 26.3/35 Revenue 15.9% · PAT 50.2% · OPM change 3 pp 88% evidence 14.7/25 ROCE 14.1% · OPM 19% 100% evidence 3.8/20 P/E 71.7× · PEG 2.22 100% evidence 19.1/20 RS sector 54.7% · RS bench 76.4% · 1Y 190.6%12 of 12 weeks ahead 100% evidence
Exact sum: 26.3 + 14.7 + 3.8 + 19.1 = 63.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5OBSC Perfection LtdOBSCP 58.7/100Mixed-positive evidence72% evidence LEADER 14.8/35 Revenue 0.1% · PAT 15.7% · OPM change 1.3 pp 71% evidence 15.2/25 ROCE 19.5% · OPM 17.1% 95% evidence 8.7/20 P/E 71.7× · PEG — 15% evidence 20.0/20 RS sector 70% · RS bench 93.7% · 1Y 153.9%12 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 15.2 + 8.7 + 20 = 58.7 · Decision use: Price leads the evidence: RS versus the benchmark is 93.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6Carraro India LtdCARRARO 58.4/100Mixed-positive evidence93% evidence FADING 24.7/35 Revenue 24.8% · PAT 47.2% · OPM change -2 pp 100% evidence 15.5/25 ROCE 29.5% · OPM 8% 100% evidence 16.0/20 P/E 20.4× · PEG 0.41 65% evidence 2.2/20 RS sector -17.9% · RS bench -5% · 1Y 3.8%6 of 12 weeks ahead 100% evidence
Exact sum: 24.7 + 15.5 + 16 + 2.2 = 58.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -17.9% and the one-year return is 3.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
7Minda Corporation LtdMINDACORP 57.7/100Mixed-positive evidence90% evidence BREAKING OUT 23.7/35 Revenue 22.3% · PAT 40.4% · OPM change 0 pp 88% evidence 11.7/25 ROCE 12.7% · OPM 12% 100% evidence 8.9/20 P/E 48.5× · PEG 1.58 100% evidence 13.4/20 RS sector 1.8% · RS bench 21.8% · 1Y 47.2%10 of 11 weeks ahead 70% evidence
Exact sum: 23.7 + 11.7 + 8.9 + 13.4 = 57.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Automobile Corporation Of Goa LtdAUTOCORP 57.7/100Mixed-positive evidence82% evidence ASLEEP 25.8/35 Revenue 41.1% · PAT 48.9% · OPM change -6 pp 95% evidence 16.7/25 ROCE 29.6% · OPM 5% 76% evidence 12.8/20 P/E 18.4× · PEG — 50% evidence 2.4/20 RS sector -19.4% · RS bench -7% · 1Y -16.8%11 of 12 weeks ahead 100% evidence
Exact sum: 25.8 + 16.7 + 12.8 + 2.4 = 57.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -19.4% and the one-year return is -16.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
9Bosch LtdBOSCHLTD 53.2/100Mixed-positive evidence78% evidence LEADER 20.1/35 Revenue 10.8% · PAT 37.5% · OPM change 1 pp 83% evidence 17.5/25 ROCE 21.5% · OPM 14% 76% evidence 6.5/20 P/E 60.7× · PEG — 50% evidence 9.1/20 RS sector -3.4% · RS bench 11.8% · 1Y 6.3%10 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 17.5 + 6.5 + 9.1 = 53.2 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
10Suprajit Engineering LtdSUPRAJIT 52.3/100Mixed-positive evidence94% evidence BREAKING OUT 25.9/35 Revenue 18.4% · PAT 73.2% · OPM change 3 pp 100% evidence 9.4/25 ROCE 16% · OPM 12% 100% evidence 6.0/20 P/E 38.1× · PEG 5.51 100% evidence 11.0/20 RS sector -2.4% · RS bench 12.5% · 1Y 14.8%9 of 11 weeks ahead 70% evidence
Exact sum: 25.9 + 9.4 + 6 + 11 = 52.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Samvardhana Motherson International Ltdthis pageMOTHERSON 51.0/100Mixed-positive evidence100% evidence LEADER 20.4/35 Revenue 14% · PAT 24.7% · OPM change 1 pp 100% evidence 8.4/25 ROCE 13.4% · OPM 9% 100% evidence 5.1/20 P/E 38.9× · PEG 5.68 100% evidence 17.1/20 RS sector 17.5% · RS bench 35.2% · 1Y 76.4%12 of 12 weeks ahead 100% evidence
Exact sum: 20.4 + 8.4 + 5.1 + 17.1 = 51 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Varroc Engineering LtdVARROC 50.7/100Mixed-positive evidence87% evidence BREAKING OUT 17.0/35 Revenue 14.7% · PAT 39.9% · OPM change -2 pp 100% evidence 9.3/25 ROCE 19% · OPM 8% 100% evidence 14.6/20 P/E 43.4× · PEG 0.63 65% evidence 9.8/20 RS sector -8.4% · RS bench 34.2% · 1Y 55%10 of 11 weeks ahead 70% evidence
Exact sum: 17 + 9.3 + 14.6 + 9.8 = 50.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Endurance Technologies LtdENDURANCE 49.4/100Mixed-negative evidence96% evidence BREAKING OUT 17.7/35 Revenue 26.3% · PAT 13.8% · OPM change 0 pp 88% evidence 15.4/25 ROCE 17.8% · OPM 14% 100% evidence 7.4/20 P/E 43.8× · PEG 2.74 100% evidence 8.9/20 RS sector -6.9% · RS bench 7.9% · 1Y 17.3%9 of 12 weeks ahead 100% evidence
Exact sum: 17.7 + 15.4 + 7.4 + 8.9 = 49.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14Sharda Motor Industries LtdSHARDAMOTR 48.9/100Mixed-negative evidence90% evidence ASLEEP 12.9/35 Revenue 19.8% · PAT 9.5% · OPM change -1 pp 88% evidence 17.5/25 ROCE 36% · OPM 12% 100% evidence 11.8/20 P/E 16.3× · PEG 2.02 100% evidence 6.7/20 RS sector -16.8% · RS bench -0.2% · 1Y -10.4%0 of 10 weeks ahead 70% evidence
Exact sum: 12.9 + 17.5 + 11.8 + 6.7 = 48.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15NDR Auto Components LtdNDRAUTO 48.8/100Mixed-negative evidence77% evidence ASLEEP 18.4/35 Revenue 15.4% · PAT 17% · OPM change 1 pp 83% evidence 15.7/25 ROCE 22.2% · OPM 12% 95% evidence 9.7/20 P/E 31.5× · PEG — 50% evidence 5.0/20 RS sector -22.4% · RS bench -3.7% · 1Y -15.1%8 of 10 weeks ahead 70% evidence
Exact sum: 18.4 + 15.7 + 9.7 + 5 = 48.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Motherson Sumi Wiring India LtdMSUMI 40.5/100Mixed-negative evidence94% evidence ASLEEP 10.0/35 Revenue 23.1% · PAT 3% · OPM change -2 pp 100% evidence 16.8/25 ROCE 38.9% · OPM 8% 100% evidence 7.1/20 P/E 43.5× · PEG 6.28 100% evidence 6.6/20 RS sector -6.9% · RS bench -6.2% · 1Y 9.7%0 of 10 weeks ahead 70% evidence
Exact sum: 10 + 16.8 + 7.1 + 6.6 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17ZF Commercial Vehicle Control System India LtdZFCVINDIA 40.1/100Mixed-negative evidence100% evidence TURNING 10.6/35 Revenue 9% · PAT 3.1% · OPM change 0 pp 100% evidence 13.9/25 ROCE 19.4% · OPM 13% 100% evidence 8.5/20 P/E 59.4× · PEG 4.2 100% evidence 7.1/20 RS sector -80.2% · RS bench 8.1% · 1Y -79.7%0 of 12 weeks ahead 100% evidence
Exact sum: 10.6 + 13.9 + 8.5 + 7.1 = 40.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Munjal Auto Industries LtdMUNJALAU 34.9/100Adverse evidence77% evidence TURNING 10.7/35 Revenue 11.1% · PAT 18.2% · OPM change -3.7 pp 83% evidence 6.2/25 ROCE 11.1% · OPM 3% 95% evidence 9.0/20 P/E 29× · PEG — 50% evidence 9.0/20 RS sector -8.8% · RS bench 15.3% · 1Y 38.1%10 of 10 weeks ahead 70% evidence
Exact sum: 10.7 + 6.2 + 9 + 9 = 34.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Precision Camshafts LtdPRECAM 31.8/100Adverse evidence77% evidence ASLEEP 9.9/35 Revenue -10.6% · PAT -5.6% · OPM change 0 pp 83% evidence 8.7/25 ROCE 7.3% · OPM 13% 95% evidence 9.6/20 P/E 55.2× · PEG — 50% evidence 3.6/20 RS sector -32% · RS bench -12.6% · 1Y -18.6%6 of 10 weeks ahead 70% evidence
Exact sum: 9.9 + 8.7 + 9.6 + 3.6 = 31.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Mercury EV-Tech LtdMERCURYEV 23.4/100Adverse evidence70% evidence TURNING 7.9/35 Revenue 13.9% · PAT -47.2% · OPM change -8.7 pp 83% evidence 3.5/25 ROCE 2.6% · OPM -11.6% 95% evidence 8.5/20 P/E 159× · PEG — 15% evidence 3.5/20 RS sector -39% · RS bench -8.8% · 1Y -31%3 of 7 weeks ahead 70% evidence
Exact sum: 7.9 + 3.5 + 8.5 + 3.5 = 23.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

15 · Frequently asked questions

Frequently asked questions

What is Samvardhana Motherson International Ltd's share price today?

Samvardhana Motherson International Ltd trades at ₹169, +84.3% over the past year. The company is valued at ₹1,77,842 Cr. The stock sits at the very top of its 52-week range (₹104–₹169), +31.4% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 44 weeks in. — as of 7 August 2026.

What were Samvardhana Motherson International Ltd's latest quarterly results?

Samvardhana Motherson International Ltd reported revenue of ₹35,244 Cr and net profit of ₹1,076 Cr for the Jun 26 quarter. Revenue rose 16.7% and profit rose 77.6% year on year. Earnings per share were ₹0.98. The operating margin was 9.0%, 1.0 pp higher than a year earlier. — as of 7 August 2026.

What is Samvardhana Motherson International Ltd's revenue?

Samvardhana Motherson International Ltd reported revenue of ₹35,244 Cr in the Jun 26 quarter, +16.7% year on year. For the full FY26 fiscal year, revenue was ₹1,26,104 Cr (+10.9%). Over the last 10 years revenue compounded at 13.0% a year. — as of 7 August 2026.

What is Samvardhana Motherson International Ltd's profit?

Samvardhana Motherson International Ltd earned ₹1,076 Cr of net profit in the Jun 26 quarter, +77.6% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹4,086 Cr. The operating margin ran 9.0% in the latest quarter. — as of 7 August 2026.

What is Samvardhana Motherson International Ltd's market cap?

Samvardhana Motherson International Ltd's market capitalisation is ₹1,77,842 Cr at a share price of ₹169. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 7 August 2026.

What is Samvardhana Motherson International Ltd's P/E ratio?

Samvardhana Motherson International Ltd trades at a P/E of 38.9×, at the 70th percentile of its own 11-year range, against a long-run median of 32.8×. This is a comparison with the stock's own history, not a value call — as of 7 August 2026.

Does Samvardhana Motherson International Ltd pay a dividend?

Yes — Samvardhana Motherson International Ltd's dividend payout was 16% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 7 August 2026.

Is Samvardhana Motherson International Ltd overvalued?

On its own history, Samvardhana Motherson International Ltd looks expensive: its P/E of 38.9× sits at the 70th percentile of its 11-year range (long-run median 32.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 7 August 2026.

Is Samvardhana Motherson International Ltd growing?

Yes — Samvardhana Motherson International Ltd is growing: latest-quarter revenue +16.7% year on year, profit +77.6%, and the margin +1.0 pp at 9.0%. The 10-year compound rates are 13.0% (revenue) and 8.7% (profit). The earnings engine currently reads: improving — as of 7 August 2026.

How is Samvardhana Motherson International Ltd performing?

Samvardhana Motherson International Ltd is in a confirmed uptrend, 44 weeks in. Its latest quarter's revenue rose 16.7% and profit rose 77.6% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 2 weeks. This describes what the data did, not a rating. — as of 7 August 2026.

What stage is Samvardhana Motherson International Ltd in?

Turning around — profit growth swung from −13.9% at the trough to +24.7%, a 2-quarter improving streak, ROCE lifting at 14.2%. The read comes from the last 12 quarters of growth (revenue growth +14.0% latest, profit growth +24.7% latest, eps growth +32.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 7 August 2026.

Is Samvardhana Motherson International Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 44 of stage 2), trading +31.4% versus its 200-day average and at the very top 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 7 August 2026.

Is Samvardhana Motherson International Ltd beating the market?

On recent form, yes — Samvardhana Motherson International Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +372% against the NIFTY 500's +286% — ahead of the index over the full window. — as of 7 August 2026.

Will Samvardhana Motherson International Ltd's share price go up?

This page publishes no price forecast for Samvardhana Motherson International Ltd. What it measures instead: the share price is ₹169, the price is in a confirmed uptrend 44 weeks in. Its P/E of 38.9× sits at the 70th percentile of its own 11-year range. — as of 7 August 2026.

Who owns Samvardhana Motherson International Ltd?

Promoters hold 48.6% of Samvardhana Motherson International Ltd, foreign institutions 12.9%, domestic institutions 20.6% and the public 17.7% (latest quarter). The biggest move on the register over the last two years: Promoters cut 11.8 points over 8 quarters. — as of 7 August 2026.

Does Samvardhana Motherson International Ltd have too much debt?

It is moderate — Samvardhana Motherson International Ltd's debt-to-equity is 0.47, and operating profit covers the interest bill 8×. FY26 borrowings were ₹19,170 Cr against equity of ₹40,979 Cr. Read the returns on this page with that leverage in mind — as of 7 August 2026.

What is Samvardhana Motherson International Ltd's capex?

Samvardhana Motherson International Ltd spent ₹31,404 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 ₹11,899 Cr, with ₹4,094 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 7 August 2026.

What is Samvardhana Motherson International Ltd's cash flow?

Samvardhana Motherson International Ltd generated ₹11,284 Cr of operating cash flow in FY26 and ₹−615 Cr of free cash flow after ₹11,899 Cr of capital spending. Reported profit that year was ₹4,086 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 7 August 2026.

Is Samvardhana Motherson International Ltd's profit real cash?

Yes — over the last 3 fiscal years, 223% of Samvardhana Motherson International Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹11,284 Cr against reported profit of ₹4,086 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 7 August 2026.

Where is Samvardhana Motherson International Ltd in its business cycle?

Samvardhana Motherson International Ltd's FY26 operating margin was 10.0%, against a 13-year band of 7.0%–10.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 9.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 7 August 2026.

What could break the Samvardhana Motherson International Ltd story?

The sharpest disagreement: the price moved +84.3% in a year while annual EPS moved +1.7% — the difference is re-rating, and re-rating has to be repaid with earnings. 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 7 August 2026.

Is Samvardhana Motherson International Ltd a stock worth studying right now?

This is not investment advice. The machine read: Samvardhana Motherson International Ltd's price has outrun its earnings. +84.3% in a year against EPS +1.7% — the market is paying now for delivery later. The sharpest open question: whether earnings grow into a price that has already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 7 August 2026.

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