# Motherson share price today (Samvardhana Motherson International Ltd, NSE: MOTHERSON)

> Motherson share price today: ₹159.49 at the NSE close on 4 November 2026, up 53.7% in a year. Samvardhana Motherson International (NSE: MOTHERSON) is worth ₹1,70,523 crore, trades at a P/E of 37.3 and has closed between ₹103.80 and ₹169.38 over the past 52 weeks. > Samvardhana Motherson International Ltd is reporting record margins. MOTHERSON · Auto Ancillaries - Diversified · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/samvardhana-motherson-international-ltd

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## Key numbers

- Business trend: Turning around, from the last 12 quarters
- Price: ₹159.49 (+53.7% in a year)
- P/E: 37.3× (higher than 62% of the last 11 years)
- Revenue (Jun 2026): ₹35,244 Cr (+16.7% on a year ago)
- Profit (Jun 2026): ₹1,076 Cr (+77.6% on a year ago)
- Operating margin: 9.0% (+1.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 9.8%, against a 12.0% cost of capital: −2.2 points

The main question: the share price moved +53.7% in a year while yearly earnings per share moved +1.7%. The difference came from the market paying a higher multiple. ## What is the Motherson share price today? Samvardhana Motherson International Ltd's share price was ₹159.49 at the close on 4 November 2026. It has been rising for 56 weeks. That is 11.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹104 and ₹169, and at that close it sat 85% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 16 weeks in a row. Over the last 11 years the share price moved +347% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Motherson this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), foreign funds (FIIs) raised their stake for 3 quarters in a row and highest quarterly revenue in 16 quarters. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹35,244 crore, +16.7% on a year earlier. Why: Revenue rose because the wiring harness business gained in India and North American commercial vehicle sales recovered. Next results: check whether the glass plant starts adding consumer electronics sales over the next two quarters. From the earnings call on 6 Aug 2026. 2. Foreign funds (FIIs) raised their stake for 3 quarters in a row From 11.8% to 13% of the company by the September 2026 quarter. 3. Highest quarterly revenue in 16 quarters Revenue of ₹35,244 crore in the June 2026 quarter is the highest of the last 16 quarters. ## What are Motherson's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Motherson reported revenue of ₹35,244 crore, up 16.7% from ₹30,212 crore a year earlier, and a profit of ₹1,076 crore, up 77.6% from ₹606 crore. ### Motherson results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹35,244 crore | ₹30,212 crore | +16.7% |
| Profit | ₹1,076 crore | ₹606 crore | +77.6% |
| Earnings per share | ₹0.98 | ₹0.48 | +104.2% |
| Operating margin | 9.0% | 8.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Motherson's management discussed these results on a call held on 6 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Motherson share price history? Motherson closed at ₹159.49 on 4 November 2026, up 53.7% from ₹103.80 a year earlier (7 November 2025) and up 90.3% over five years. Its highest weekly close since February 2016 was ₹169.38 on 21 August 2026. ### Motherson share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹156.50 | +1.9% |
| 1 month ago · 1 Oct 2026 | ₹157.03 | +1.6% |
| 6 months ago · 8 May 2026 | ₹132.03 | +20.8% |
| 1 year ago · 7 Nov 2025 | ₹103.80 | +53.7% |
| 3 years ago · 3 Nov 2023 | ₹60.40 | +164.1% |
| 5 years ago · 4 Nov 2021 | ₹83.80 | +90.3% |
| 10 years ago · 4 Nov 2016 | ₹48.85 | +226.5% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹35.70 | +346.8% |
| Highest weekly close since February 2016, also the 52-week high · 21 Aug 2026 | ₹169.38 | −5.8% |
| Lowest weekly close since February 2016 · 3 Apr 2020 | ₹19.91 | +701.1% |
| 52-week low (weekly close) · 7 Nov 2025 | ₹103.80 | +53.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (566 weekly closes from 26 February 2016 to 4 November 2026.)

## What is the latest news on Motherson? 4 Nov 2026: Motherson closed at ₹159.49, up 1.9% on the week and up 1.6% on the month. Our read, 22 Aug 2026: April to June 2026 revenue ₹35244 crore grew 17% on a year earlier, the highest-ever quarterly mark, with operating profit up 26% and normalized profit up 55-102%, the operating trajectory is intact. Consumer electronics reached operating profit profitability in FY26 with 7.5x on a year earlier revenue growth; aerospace revenues grew 20%+ with the order book expanding 17% from FY26-end; Nexans Autoelectric and Yutaka Giken closed in July, adding harness and Japanese automotive scale. ### Earlier

- 6 Aug 2026: Motherson held its results call for April to June 2026. Management guided: Consumer-electronics impact expected over the next 2 quarters as the glass facility launches; October to December 2026 commissioning remains on track. - 14 Jul 2026: ex-date for a dividend of ₹0.25 a share. - Results for April to June 2026: Revenue up 16.7% and profit up 77.6% on a year earlier. - 27 Mar 2026: ex-date for an interim dividend of ₹0.35 a share. - 18 Jul 2025: Bonus issue: 1 new share for every 2 held (ex-date). ### Our read of the business

April to June 2026 revenue ₹35244 crore grew 17% on a year earlier, the highest-ever quarterly mark, with operating profit up 26% and normalized profit up 55-102%, the operating trajectory is intact. Consumer electronics reached operating profit profitability in FY26 with 7.5x on a year earlier revenue growth; aerospace revenues grew 20%+ with the order book expanding 17% from FY26-end; Nexans Autoelectric and Yutaka Giken closed in July, adding harness and Japanese automotive scale. April to June 2026: All-time high quarterly revenue ₹35244 crore; operating profit +26% on a year earlier despite operating margin reversion from peak; CE order visibility softened in August call. (Our read after the April to June 2026 results, written 22 August 2026.)

## What dividend does Motherson pay? Motherson paid ₹0.60 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.38% at the ₹159.49 close on 4 November 2026. The last was a dividend of ₹0.25 a share, ex-date 14 July 2026. ### Motherson dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 14 Jul 2026 | ₹0.25 | Dividend |
| 27 Mar 2026 | ₹0.35 | Interim |
| 23 Jun 2025 | ₹0.35 | Dividend |
| 28 Mar 2025 | ₹0.50 | Interim |
| 14 Aug 2024 | ₹0.80 | Dividend |
| 11 Aug 2023 | ₹0.65 | Dividend |
| 12 Aug 2022 | ₹0.65 | Dividend |
| 3 Sep 2021 | ₹1.50 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Samvardhana Motherson International Ltd paid out 16% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Motherson management say on the latest results call? On the call for April to June 2026, held on 6 August 2026, Motherson's management guided: Consumer-electronics impact expected over the next 2 quarters as the glass facility launches; October to December 2026 commissioning remains on track. > “We do not chase top line where we cannot meet our profitability margins.”
> Laksh Vaaman Sehgal, on the call for April to June 2026

### What management guided

- Third-facility capital spending approximately ₹65 billion over 3 years; annual full-scale capacity 40 million units. - GF1-GF3 total capital spending around ₹7,500 crore; balance over 2-3 years after one-third incurred. - FY27 group capital spending ₹6,000 crore plus or minus 10%; 10 of 13 facilities expected operational. - Yutaka and Nexans should add almost $2 billion annualized; acquired businesses should approach comparable margins and the internal 14% growth expectation over time. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/1947/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 6 August 2026.)

## What is Motherson's order book? Aerospace revenue grew over 20% on a year earlier in April to June 2026; order book expanded over 17% from FY26-end. ✓ fact

(Our read after the April to June 2026 results, written 22 August 2026.)

## What could change the Motherson story? What are the risks? If consumer electronics October to December 2026 commissioning is confirmed AND GF3 orders crystallize into disclosed revenue commitments at or above the prior 'fully spoken for' level, the CE risk resolves and the growth-minus-margin-drag equation shifts positively. ### Each change stops working if

- : GF3 commissioning is delayed beyond January to March 2027, or CE orders at the August 'negotiation' stage do not crystallize into committed load before the glass facility launches, either would defer profit contribution by 2-3 quarters and further damage management credibility on the single most-watched catalyst. - : The USD 1.6B+ aerospace order book conversion schedule slips beyond 6 quarters, or acquired businesses (Nexans/Yutaka) fail to approach group margins within 2-3 years of integration, the CFO acknowledged they are not there yet. - : European automotive production volumes decline materially (beyond seasonal) in H2 FY27, reversing the utilization gains from restructured sites, or a new wave of labor code compliance costs adds further exceptional charges. - : Global automotive OEM production falls more than 5% in FY27, reducing greenfield utilization before ramp; or the capital spending envelope expands materially beyond ₹6000 crore ±10% to absorb Nexans/Yutaka integration costs. ### The main risks

- : Six management communication inconsistencies across five concalls, August CE order visibility walkback is the most operationally material. ✓ fact
- : Promoter stake fell 16 percentage points from 64.8% (Dec-23) to 48.6% (Sep-25), mechanism unresolved. ✓ fact
- : Free cash flow negative for 5 of 5 years despite operating profit growth, growth capital spending load creates vulnerability if credit markets tighten. ✓ fact
- : Consumer electronics order visibility gap: May 2026 'fully spoken for' vs August 2026 'orders under negotiation', GF3 revenue ramp depends on order crystallization before commissioning. ✓ fact

(Our read after the April to June 2026 results, written 22 August 2026.)

## What to watch in Motherson's next results? When Motherson reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Glass-facility commissioning and consumer-electronics ramp - check whether customer programs translate into meaningful revenue after launch. - What to check (from the call)
- Glass-facility commissioning and consumer-electronics ramp - check whether customer programs translate into meaningful revenue after launch. - Copper pass-through and wiring-harness margins - check whether customer settlements catch up with input-cost pressure. - European modules and polymer efficiency - check whether restructuring benefits persist through new EV launches. - Health and medical orders - check whether Chennai commissioning reverses the recent revenue decline. ## Which stock lists is Motherson on? Motherson is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 169978.63309904153](https://www.sectoralpha.in/momentum-stocks-india)

## Is Motherson profitable? Samvardhana Motherson International Ltd earned ₹1,076 Cr of net profit in the Jun 2026 quarter, +77.6% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹4,086 Cr. Over 10 years profit has grown 8.7% a year on average. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned ₹606 Cr. For the full year, FY26 profit was ₹4,086 Cr (−1.4% on the year before). Why profit moved: revenue changed +16.7% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +28.9% and revenue +13.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Motherson make, and is it growing? Samvardhana Motherson International Ltd reported ₹35,244 Cr of revenue in the Jun 2026 quarter, +16.7% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.0% a year on average. The last full year, FY26, came in at ₹1,26,104 Cr. Why this happened. Consumer electronics EBITDA turned positive in FY26 with 7.5x YoY revenue growth. GF1 and GF2 operate near full utilization at approximately 14-16 million units annually. GF3, the largest facility yet, remains on track for Q3 FY27 commissioning per August 2026 guidance. However, August management described orders as 'under negotiation' whereas the May 2026 call said the plant was 'fully already spoken for'. This is a plausible explanation but reduces visibility confidence materially from what was implied in May. The next unit economics confirmation is expected when GF3 approaches full…

The last four reported quarters add to ₹1,31,135 Cr. FY26 revenue was ₹1,26,104 Cr, +10.9% on the year before. Recent pace: the last four quarters grew +13.9% on average, against 13.0% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +14.0%, against +11.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +24.7%, against +14.6% a year (accelerating). ## How much of every ₹100 of sales does Motherson keep? Samvardhana Motherson International Ltd's operating margin was 9.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 7.0% and 10.0%. The latest quarter is within that range. Why this happened. The Molds and Polymer restructuring, launched aiming for EUR 50 million savings, has now delivered measurable margin improvement. Q4 FY26 EBITDA margins expanded 200 basis points YoY, with European polymer up 55% YoY and 66% QoQ in the Aug-26 call on restructuring benefits. Consolidated underutilized facilities and headcount reductions completed. New EV launches receive better customer response, and rebalanced sites retain capacity headroom for the next volume cycle. Old low-margin programs are phasing out as new programs at better pricing launch. Why the margin moved: operating margin changed +0.6 percentage points on the year while gross margin changed −0.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Motherson's profit turning into cash? Over the last 3 years, 223% of Samvardhana Motherson International Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹11,284 Cr of operating cash against ₹4,086 Cr of profit. After ₹11,899 Cr of spending on assets, free cash was −₹615 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 223% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building. ## Where does Motherson's cash go? Samvardhana Motherson International Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −26 days in FY26, up from −29 days in FY21. It spent ₹31,404 Cr on assets over the last 3 years. Customers take 58 days to pay, and stock sits for 68 days on average. At FY26 sales of ₹1,26,104 Cr, each day of that cycle ties up about ₹345 Cr, so roughly −₹8,983 Cr is tied up in the business at any time. FY26: customers took 58 days to pay and stock sat for 68 days, about 2.2 months of sales sitting as stock, for a full cycle of −26 days, longer than FY21's −29. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 68 days. Customers pay about 58 days after that. Suppliers are paid at 152 days. Together that makes the −26-day cycle. Spending on assets: ₹31,404 Cr over the last 3 years, against ₹13,437 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹4,094 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Motherson's P/E ratio, and how does it compare with its own history? Samvardhana Motherson International Ltd's P/E is 37.3×, in the middle of its own history: higher than 62% of past readings. Its usual P/E (the middle reading) is 33.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹4.15. Why the multiple is where it is: over the past year earnings per share moved +1.7% while the price moved +53.7%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +13.7% a year; about +7.0% a year came from earnings growth and about +6.7 percentage points from the multiple (the market paying more); over 10 years the price moved +12.6% a year; about +8.7% a year came from earnings growth and about +3.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Motherson share price assume? Worked out from its price on 24 August 2026, Samvardhana Motherson International Ltd's share price assumed profit growth of about 23.8% a year. Over the past 10 years its profit actually grew 8.7% a year. Today its P/E is 37.3×, higher than 62% of its own last 11 years. This is a one-day reading, taken on 24 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Motherson business getting better or worse? Samvardhana Motherson International Ltd's business is turning around. Profit growth has swung from −13.9% at its low to +24.7%, improving for 2 quarters in a row, with ROCE rising at 14.2%. This is based on 12 quarters of 4 measures. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. ## What is the Motherson story, and has it been checked? Samvardhana Motherson International Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Our read, 22 August 2026. What is proven. What would change our mind. If consumer electronics Q3 FY27 commissioning is confirmed AND GF3 orders crystallize into disclosed revenue commitments at or above the prior 'fully spoken for' level, the CE risk resolves and the growth-minus-margin-drag equation shifts positively. What the surface reading misses. The surface reading is: OPM at 11.05%, margins improving, positive for earnings trajectory The research reads it further: The 10-year OPM band runs from approximately -7.4% to 11.05%. At the 98th percentile, the margin is at the top of its own history. GPM has been relatively stable, the OPM improvement came from opex leverage and mix, not gross profit expansion. What the surface reading misses. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Motherson management deliver what it promised? What Samvardhana Motherson International Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Consumer Electronics Order Visibility Became Unclear · 6 August 2026. In May 2026, management said the upcoming consumer electronics plant was fully spoken for, implying strong order coverage for the planned ramp. Booked Business Deviation · 20 May 2026. In the Nov 2025 call, management stated that the booked business of the company stood at USD 87.2 billion. However, in the May 2026 call, management claimed that a booked business of USD 76 billion represented an all-time high, creating a major contradiction with the previously reported larger figure.\nPrior Call (Nov 2025): Further, our book business stands at $87.2 billion as of September 2025.\nLatest Call (May 2026): Another major highlight for the year was our all-time high booked business of US$ 76 billion. Vision 2030 Revenue Goal Contradiction · 20 May 2026. In both the Nov 2025 and Feb 2026 calls, management repeatedly referenced a USD 108 billion gross revenue goal for Vision 2030. However, in the prepared remarks of the latest May 2026 call, management stated that the Vision 2030 aspiration is USD 36 billion in gross revenues, presenting a significant reduction that contradicts the previously stated goal.\nPrior Call 1 (Feb 2026): great financial year, first financial year for our 108 goal.\nPrior Call 2 (Nov 2025): going from 27 to 108, that's a lot of growth.\nLatest Call (May 2026): We continue to move steadily towards our Vision 2030 aspiration of USD 36 billion in gross revenues... Leverage Reduction Goal Omission · 10 February 2026. In the November 2025 call, management provided explicit guidance that the net debt-to-EBITDA ratio would decrease to approximately 0.9x by the end of the 2026 fiscal year. However, during the February 2026 call, management reported leverage remained stagnant at 1.1x and described this level as comfortable without acknowledging the previously planned reduction for the year-end. Earlier call (Nov 2025): “We expect the leverage ratio to be around 0.9 by the end of the year, contributed by improvement in the business profile, better free cash flows and reduction on the working capital front.” Later call (Feb 2026): “Our leverage ratio remains comfortable at 1.1 times net debt to NKM EBITDA, providing us with the financial strength and flexibility to pursue our 2030 targets.”

Every quote above is taken word for word from the company’s own earnings calls. ## What is Motherson management's track record? Execution intact, communication discipline poor. ### Regulatory and governance record

Only two immaterial subsidiary tax penalties (₹40,63,543 and 37,63,265); no SEBI/fraud action. (Checked 21 July 2026.)

## How much does Motherson earn on its capital? Samvardhana Motherson International Ltd earned a ROCE of 13% in FY26. That is up from a low of 6% in FY21. Its return on capital used (ROIC) is 2.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.2% net margin and 1.15× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.2% net margin × 1.15× asset turnover × 2.67× leverage (assets divided by equity) ≈ 9.8% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 9.8% − 12.0% = −2.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Motherson have too much debt? Samvardhana Motherson International Ltd has total debt of ₹19,170 Cr against shareholder equity of ₹43,659 Cr as of Jun 2026, so its debt is 0.44× its equity. Year by year, that ratio went from 0.63 in FY22 to 0.44 in FY26. Keep that borrowing in mind when reading the returns on this page. Why this happened. Motherson operationalized 3 facilities in Q1 FY27, supporting future revenue streams. Of the 16 facilities globally under development, 10 of 13 are expected operational in FY27. Total group capex Rs 6000 Cr FY27 guidance with Q1 FY27 Rs 1514 Cr (52% of EBITDA) tracking to plan. CWIP rose from Rs 1310 Cr (Mar-22) to Rs 4094 Cr (Mar-26) before greenfields began commissioning. As each facility ramps, fixed-cost absorption improves and ROCE converges toward the 40% group goal. Leverage at 0.8x provides headroom to complete the build without financial stress. ## What is the Motherson shareholding pattern? Promoters cut their stake in Samvardhana Motherson International Ltd by 9.5 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 48.6% of the company. Domestic institutions moved +0.9 points over the same period, to 20.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −9.5 points over 8 quarters, to 48.6%; Domestic institutions: +0.9 points over 8 quarters, to 20.8%; Foreign institutions: −0.4 points over 8 quarters, to 13.0%. Why the owners changed: promoters drove it (−9.5 points), with the other side taken by domestic institutions (+0.9 points). They reduced their stake. ## How far is Motherson from balance-sheet trouble? For Samvardhana Motherson International Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Motherson rank in its industry? 48.5 out of 100, rank 13 of 21 in Auto Ancillaries - Diversified, with 96% of the evidence available. Samvardhana Motherson International Ltd scores 48.5 out of 100 against the 21 companies it is compared with in Auto Ancillaries - Diversified, ranking 13. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 19.5 + 9.4 + 4.8 + 14.8 = 48.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Motherson compared with? Motherson ranks 13 of 21 Auto Ancillaries - Diversified companies on the 4-Factor Sector Score, with 48.5 out of 100. 1. [Lumax Auto Technologies Ltd](https://www.sectoralpha.in/stocks/lumax-auto-technologies-ltd) LUMAXTECH · breaking out · Most evidence points up · 100% evidence 76.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 32.9% · Profit 57.5% · Operating margin change 0 points · 100% evidence Capital efficiency 19.0/25 · ROCE 21.2% · Operating margin 13% · 100% evidence Valuation 11.1/20 · P/E 37.2× · PEG 0.75 · 100% evidence Relative strength 18.8/20 · Lead over its industry 14.3% · Lead over NIFTY 500 27.5% · 1 year 79.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 19 + 11.1 + 18.8 = 76 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [S J S Enterprises Ltd](https://www.sectoralpha.in/stocks/s-j-s-enterprises-ltd) SJS · losing its lead · Most evidence points up · 96% evidence 71.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.0/35 · Revenue 28.6% · Profit 67.5% · Operating margin change 2 points · 88% evidence Capital efficiency 21.8/25 · ROCE 28.6% · Operating margin 29% · 100% evidence Valuation 12.1/20 · P/E 35.1× · PEG 0.89 · 100% evidence Relative strength 8.7/20 · Lead over its industry 0.6% · Lead over NIFTY 500 11.7% · 1 year 28.6% · 100% evidence · 8 of 12 weeks ahead Exact sum: 29 + 21.8 + 12.1 + 8.7 = 71.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OBSC Perfection Ltd](https://www.sectoralpha.in/stocks/obsc-perfection-ltd) OBSCP · leader · Most evidence points up · 75% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.0/35 · Revenue 82.9% · Profit 100% · Operating margin change -1 points · 95% evidence Capital efficiency 16.8/25 · ROCE 19.5% · Operating margin 17% · 76% evidence Valuation 9.0/20 · P/E 55.2× · PEG n/a · 15% evidence Relative strength 18.9/20 · Lead over its industry 58.5% · Lead over NIFTY 500 70.6% · 1 year 162.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 21 + 16.8 + 9 + 18.9 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Jay Bharat Maruti Ltd](https://www.sectoralpha.in/stocks/jay-bharat-maruti-ltd) JAYBARMARU · quiet · Evidence leans up · 96% evidence 63.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 13.3% · Profit 100% · Operating margin change -2 points · 88% evidence Capital efficiency 15.2/25 · ROCE 16.6% · Operating margin 10% · 100% evidence Valuation 19.4/20 · P/E 9× · PEG 0.39 · 100% evidence Relative strength 6.3/20 · Lead over its industry -3.1% · Lead over NIFTY 500 7% · 1 year 27.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 22.1 + 15.2 + 19.4 + 6.3 = 63 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) SANSERA · leader · Evidence leans up · 96% evidence 60.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 23.5% · Profit 52.2% · Operating margin change 2 points · 88% evidence Capital efficiency 11.6/25 · ROCE 14.5% · Operating margin 19% · 100% evidence Valuation 6.9/20 · P/E 68.9× · PEG 1.29 · 100% evidence Relative strength 18.6/20 · Lead over its industry 43.4% · Lead over NIFTY 500 56.1% · 1 year 171.6% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.7 + 11.6 + 6.9 + 18.6 = 60.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Carraro India Ltd](https://www.sectoralpha.in/stocks/carraro-india-ltd) CARRARO · quiet · Evidence leans up · 89% evidence 60.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 26.3% · Profit 47.8% · Operating margin change -2 points · 88% evidence Capital efficiency 18.1/25 · ROCE 29.3% · Operating margin 8% · 100% evidence Valuation 15.6/20 · P/E 19.5× · PEG 0.42 · 65% evidence Relative strength 3.9/20 · Lead over its industry -15.6% · Lead over NIFTY 500 -5% · 1 year -8.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.6 + 18.1 + 15.6 + 3.9 = 60.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Craftsman Automation Ltd](https://www.sectoralpha.in/stocks/craftsman-automation-ltd) CRAFTSMAN · leader · Evidence leans up · 82% evidence 59.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/35 · Revenue 35.9% · Profit 100% · Operating margin change -2 points · 95% evidence Capital efficiency 11.8/25 · ROCE 13.9% · Operating margin 13% · 76% evidence Valuation 7.1/20 · P/E 50.6× · PEG n/a · 50% evidence Relative strength 15.7/20 · Lead over its industry 12.6% · Lead over NIFTY 500 24.7% · 1 year 53.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.5 + 11.8 + 7.1 + 15.7 = 59.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Bosch Ltd](https://www.sectoralpha.in/stocks/bosch-ltd) BOSCHLTD · leader · Evidence leans up · 78% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 13.6% · Profit -11.4% · Operating margin change 1 points · 83% evidence Capital efficiency 17.7/25 · ROCE 21.5% · Operating margin 14% · 76% evidence Valuation 6.0/20 · P/E 58.9× · PEG n/a · 50% evidence Relative strength 18.0/20 · Lead over its industry 13.3% · Lead over NIFTY 500 26.1% · 1 year 26.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.9 + 17.7 + 6 + 18 = 57.6 · What this means: Relative strength against the index is 26.1%, and revenue and profit growth are weak. 9. [Minda Corporation Ltd](https://www.sectoralpha.in/stocks/minda-corporation-ltd) MINDACORP · quiet · Evidence leans up · 81% evidence 56.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 26.6% · Profit 94.9% · Operating margin change 0 points · 88% evidence Capital efficiency 9.5/25 · ROCE 12.7% · Operating margin 11% · 100% evidence Valuation 8.4/20 · P/E 37.5× · PEG 1.58 · 100% evidence Relative strength 11.0/20 · Lead over its industry n/a · Lead over NIFTY 500 9% · 1 year 12.2% · 25% evidence · 7 of 12 weeks ahead Exact sum: 27.1 + 9.5 + 8.4 + 11 = 56 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Suprajit Engineering Ltd](https://www.sectoralpha.in/stocks/suprajit-engineering-ltd) SUPRAJIT · losing its lead · Evidence leans up · 81% evidence 54.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Revenue 18.4% · Profit 73.2% · Operating margin change 3 points · 88% evidence Capital efficiency 12.3/25 · ROCE 15.5% · Operating margin 12% · 100% evidence Valuation 5.1/20 · P/E 34.6× · PEG 5.51 · 100% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 8.3% · 1 year 6.1% · 25% evidence · 7 of 12 weeks ahead Exact sum: 26.6 + 12.3 + 5.1 + 10.9 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Varroc Engineering Ltd](https://www.sectoralpha.in/stocks/varroc-engineering-ltd) VARROC · leader · Evidence leans up · 81% evidence 53.8 out of 100 Growth Capital Valuation Relative
12. [Automobile Corporation Of Goa Ltd](https://www.sectoralpha.in/stocks/automobile-corporation-of-goa-ltd) ACGL · quiet · Evidence leans up · 85% evidence 51.4 out of 100 Growth Capital Valuation Relative
13. Samvardhana Motherson International Ltd this page MOTHERSON · leader · Evidence leans down · 96% evidence 48.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.5/35 · Revenue 14% · Profit 24.7% · Operating margin change 1 points · 88% evidence Capital efficiency 9.4/25 · ROCE 13.4% · Operating margin 9% · 100% evidence Valuation 4.8/20 · P/E 36.5× · PEG 5.68 · 100% evidence Relative strength 14.8/20 · Lead over its industry 9.4% · Lead over NIFTY 500 21.4% · 1 year 48.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.5 + 9.4 + 4.8 + 14.8 = 48.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 14. [Munjal Auto Industries Ltd](https://www.sectoralpha.in/stocks/munjal-auto-industries-ltd) MUNJALAU · losing its lead · Evidence leans down · 78% evidence 47.8 out of 100 Growth Capital Valuation Relative
15. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) MSUMI · basing · Evidence leans down · 100% evidence 46.9 out of 100 Growth Capital Valuation Relative
16. [Sharda Motor Industries Ltd](https://www.sectoralpha.in/stocks/sharda-motor-industries-ltd) SHARDAMOTR · losing its lead · Evidence leans down · 96% evidence 46.1 out of 100 Growth Capital Valuation Relative
17. [NDR Auto Components Ltd](https://www.sectoralpha.in/stocks/ndr-auto-components-ltd) NDRAUTO · quiet · Evidence leans down · 96% evidence 45.9 out of 100 Growth Capital Valuation Relative
18. [Endurance Technologies Ltd](https://www.sectoralpha.in/stocks/endurance-technologies-ltd) ENDURANCE · quiet · Evidence leans down · 96% evidence 43.8 out of 100 Growth Capital Valuation Relative
19. [ZF Commercial Vehicle Control System India Ltd](https://www.sectoralpha.in/stocks/zf-commercial-vehicle-control-system-india-ltd) ZFCVINDIA · quiet · Evidence leans down · 96% evidence 36.7 out of 100 Growth Capital Valuation Relative
20. [Mercury EV-Tech Ltd](https://www.sectoralpha.in/stocks/mercury-ev-tech-ltd) MERCURYEV · quiet · Most evidence points down · 68% evidence 31.1 out of 100 Growth Capital Valuation Relative
21. [Precision Camshafts Ltd](https://www.sectoralpha.in/stocks/precision-camshafts-ltd) PRECAM · quiet · Most evidence points down · 81% evidence 25.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Auto Ancillaries - Diversified](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified), all 21 compared on one page. ## Which companies are close to Motherson in size? Motherson is the largest of 21 Auto Ancillaries - Diversified companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Bosch, Endurance Technologies, Craftsman Automation, Sansera Engineering, ZF Commercial Vehicle Control System India and Motherson Sumi Wiring India. ### Auto Ancillaries - Diversified companies close in size

1. Samvardhana Motherson International Ltd ₹1,66,792 crore
2. [Bosch Ltd](https://www.sectoralpha.in/stocks/bosch-ltd) ₹1,39,222 crore
3. [Endurance Technologies Ltd](https://www.sectoralpha.in/stocks/endurance-technologies-ltd) ₹31,978 crore
4. [Craftsman Automation Ltd](https://www.sectoralpha.in/stocks/craftsman-automation-ltd) ₹26,863 crore
5. [Sansera Engineering Ltd](https://www.sectoralpha.in/stocks/sansera-engineering-ltd) ₹25,664 crore
6. [ZF Commercial Vehicle Control System India Ltd](https://www.sectoralpha.in/stocks/zf-commercial-vehicle-control-system-india-ltd) ₹23,916 crore
7. [Motherson Sumi Wiring India Ltd](https://www.sectoralpha.in/stocks/motherson-sumi-wiring-india-ltd) ₹23,304 crore

[All 21 Auto Ancillaries - Diversified companies, largest first](https://www.sectoralpha.in/sectors/auto-ancillaries-diversified#all-companies)

### Companies close in size in other industries

1. [DLF Ltd](https://www.sectoralpha.in/stocks/dlf-ltd) ₹1,71,180 crore · Realty - National
2. [Solar Industries India Ltd](https://www.sectoralpha.in/stocks/solar-industries-india-ltd) ₹1,70,121 crore · Industrial Explosives
3. Samvardhana Motherson International Ltd ₹1,66,792 crore
4. [SBI Life Insurance Company Ltd](https://www.sectoralpha.in/stocks/sbi-life-insurance-company-ltd) ₹1,66,425 crore · Finance - Insurance
5. [Adani Energy Solutions Ltd](https://www.sectoralpha.in/stocks/adani-energy-solutions-ltd) ₹1,65,038 crore · Power - Transmission/Equipment

## What else do people ask about Motherson? ### What is Motherson's share price today? Samvardhana Motherson International Ltd's share price is ₹159.49, +53.7% over the past year. The whole company is worth ₹1,70,523 Cr on the market. In the last 52 weeks it traded between ₹104 to ₹169; today it is 85% of the way up from the low, 11.7% above its 200-day average (as of 4 November 2026). ### What were Motherson's latest quarterly results? Samvardhana Motherson International Ltd reported revenue of ₹35,244 Cr and net profit of ₹1,076 Cr for the Jun 2026 quarter. Revenue rose 16.7% and profit rose 77.6% compared with a year earlier. Earnings per share were ₹0.98. The operating margin was 9.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is Motherson's market cap? Samvardhana Motherson International Ltd's market capitalisation is ₹1,70,523 Cr at a share price of ₹159.49. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Motherson performing? Samvardhana Motherson International Ltd's share price has been rising for 56 weeks. In its latest quarter, revenue rose 16.7% and profit rose 77.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 16 weeks running (as of 4 November 2026). ### Will Motherson's share price go up? This page does not forecast Samvardhana Motherson International Ltd's share price. What it shows instead: the share price is ₹159.49, and it has been rising for 56 weeks. Its P/E of 37.3× is higher than 62% of its own last 11 years (as of 4 November 2026). ### Does Motherson have too much debt? Samvardhana Motherson International Ltd has a moderate amount of debt: its debt is 0.47× its equity, and its operating profit is 8 times its interest bill. FY26 borrowings were ₹19,170 Cr against equity of ₹40,979 Cr. Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026). ### Where is Motherson in its business cycle? Samvardhana Motherson International Ltd's FY26 operating margin was 10.0%, against a 13-year range of 7.0% to 10.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Motherson story? The main question: the share price moved +53.7% in a year while yearly earnings per share moved +1.7%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Motherson a stock worth studying right now? What the numbers show: Samvardhana Motherson International Ltd is reporting record margins. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Motherson share price forecast for 2026? What management itself guided: Consumer-electronics impact expected over the next 2 quarters as the glass facility launches; October to December 2026 commissioning remains on track. What would change the story: If consumer electronics October to December 2026 commissioning is confirmed AND GF3 orders crystallize into disclosed revenue commitments at or above the prior 'fully spoken for' level, the CE risk resolves and the growth-minus-margin-drag equation shifts positively. ### Where does this page get Motherson's management information? From Motherson's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

This is research, not advice. We’re not SEBI-registered.