External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Samvardhana Motherson International / Equity Bottom-Up

Samvardhana Motherson International (MOTHERSO IN)

<ul><li>Motherson Sumi (MSS) primarily serves global PV industry with wiring harnesses, vision systems (mirrors) &amp; plastic body parts as key product lines.</li><li>History of successful turnarounds in acquisitions and inorganic-led growth</li><li>We value the combined entity post-merger of erstwhile SAMIL into MSSL at | 255/share on SOTP basis</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Motherson Sumi (MSS) primarily serves global PV industry with wiring harnesses, vision systems (mirrors) &amp; plastic body parts as key product lines.History of successful turnarounds in acquisitions and inorganic-led growthWe value the combined entity post-merger of erstwhile SAMIL into MSSL at | 255/share on SOTP basisContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motherson Sumi Systems: Gradual Recovery on the Cards

<ul><li>Motherson Sumi (MSSL) primarily serves global PV &amp; CV industry with a history of successful turnarounds in acquisitions and inorganic-led growth.</li><li>MSSL’s stock price has grown at ~13% CAGR from ~Rs 145 levels in January 2017, widely outperforming the Nifty Auto index</li><li>We value the combined entity post-merger of erstwhile SAMIL into MSSL at Rs 270/share on SOTP basis</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Motherson Sumi (MSSL) primarily serves global PV &amp; CV industry with a history of successful turnarounds in acquisitions and inorganic-led growth.MSSL’s stock price has grown at ~13% CAGR from ~Rs 145 levels in January 2017, widely outperforming the Nifty Auto indexWe value the combined entity post-merger of erstwhile SAMIL into MSSL at Rs 270/share on SOTP basisContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motherson Sumi Systems: Mega-Restructuring to Materialise, New SAMIL Arrives

<p>Entered aerospace industry via 55% stake acquisition in Bengaluru based CIM Tools, engaged in machining, treatment, sub-assembly, testing of detailed aircraft parts. The transaction values CIM group at ~7.5-8x FY20 EV/EBITDA. It generated revenues of Rs 129 crore in FY21 (Rs 203 crore in...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Entered aerospace industry via 55% stake acquisition in Bengaluru based CIM Tools, engaged in machining, treatment, sub-assembly, testing of detailed aircraft parts. The transaction values CIM group at ~7.5-8x FY20 EV/EBITDA. It generated revenues of Rs 129 crore in FY21 (Rs 203 crore in...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motherson Sumi Systems: Enters Aerospace; Diversification Under Way

External broker reports(aggregated public sources), Geojit BNP Paribas

Geojit

<p>Motherson Sumi Systems Ltd (MSSL) is a JV between Samvardhana Motherson International (SMIL) and Sumitomo Wiring Systems, Japan (SWS). MSSL is a diversified auto parts maker with presence in automotive...</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Motherson Sumi Systems Ltd (MSSL) is a JV between Samvardhana Motherson International (SMIL) and Sumitomo Wiring Systems, Japan (SWS). MSSL is a diversified auto parts maker with presence in automotive...Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motherson Sumi Systems: Resilient Performance in Q1; Outlook Stable

External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

<p>Sharp revival expected as supply situation eases</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Sharp revival expected as supply situation easesContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motherson Sumi Systems Ltd. Rs Q1FY22 Result Update

India

Samvardhana Motherson International Limited is an Indian multinational manufacturer of automotive components. The company produces wiring harnesses, plastic components, rearview mirrors, and other integrated modules for passenger cars and commercial vehicles. It also diversified into non-automotive sectors like aerospace, health & medical, and logistics. The company was established in 1986 and is headquartered in Noida, Uttar Pradesh, India.

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Samvardhana Motherson International (MOTHERSO IN)

Motherson Sumi Systems: Gradual Recovery on the Cards

Motherson Sumi (MSS) primarily serves global PV industry with wiring harnesses, vision systems (mirrors) & plastic body parts as key product lines.

ICICI Securities Limited

Motherson Sumi Systems: Mega-Restructuring to Materialise, New SAMIL Arrives

Motherson Sumi (MSSL) primarily serves global PV & CV industry with a history of successful turnarounds in acquisitions and inorganic-led growth.

ICICI Securities Limited

Motherson Sumi Systems: Enters Aerospace; Diversification Under Way

Entered aerospace industry via 55% stake acquisition in Bengaluru based CIM Tools, engaged in machining, treatment, sub-assembly, testing of...

ICICI Securities Limited

Motherson Sumi Systems: Resilient Performance in Q1; Outlook Stable

Motherson Sumi Systems Ltd (MSSL) is a JV between Samvardhana Motherson International (SMIL) and Sumitomo Wiring Systems, Japan (SWS). MSSL is a...

Geojit

Motherson Sumi Systems Ltd. Rs Q1FY22 Result Update

Sharp revival expected as supply situation eases

Edelweiss

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