Motherson Wiring Q4 Review: Well-Placed To Outperform Industry Growth, Says Motilal Oswal Maintaining 'Buy'

Its three new greenfields are well on track and expected to help Motherson Wiring outperform industry growth in the next couple of years, says Motilal Oswal

Motherson Wiring's revenue grew 12% YoY to Rs 25.1 billion vs our estimate of Rs 23.5 billion.

(Photo source: Company website)

Motherson Wiring’s Q4 earnings were ahead of estimates, primarily driven by better-than-expected revenue growth. Its three new greenfields are well on track and expected to help Motherson Wiring outperform industry growth in the next couple of years.

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Motilal Oswal Report

We expect Ebitda margin to expand in FY26, led by a better product mix, rampup of new greenfield plants, and localization efforts. We believe Motherson Sumi Wiring India Ltd. deserves rich valuations, given its strong competitive positioning, top-decile capital efficiency, and benefits of EVs and other megatrends in Autos.

The stock trades at 34.8x/28.5x FY26E/FY27E EPS. Reiterate our Buy rating with a target price of Rs 68 (premised on 34x FY27E EPS).

Click on the attachment to read the full report:

Motilal Oswal Motherson Wiring Q4FY25 Results Review.pdf
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Also Read: Motherson Sumi Wiring Q4 Results: Profit Declines 13.85% To Rs 164.93 Crore

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