Samvardhana Motherson Q2 Review —Motilal Oswal Maintains 'Buy' On Long-Term Growth Opportunities

Samvardhana Motherson’s Q2 FY26 adjusted PAT at Rs 8.6 billion was well above brokerage's estimate of Rs 6.3 billion, growing 15% YoY. Its margin has remained stable YoY at 8.7% despite the adverse global macro headwinds, which is commendable..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Given the better-than-expected performance in Q2 despite adverse global macro, we raise our earnings estimates by 9%/4% for FY26/FY27. Management has alluded to its next five-year revenue growth aspiration, which now stands at a staggering $108 billion. We expect Samvardhana Motherson International Ltd. to continue to outperform global automobile sales, fueled by rising premiumization and EV transition, a robust order backlog in autos and non-autos, and successful integration of recent acquisitions. While the ongoing tariff issue may lead to some near-term slowdown in some of its key geographies, we expect Samvardhana Motherson to be the least impacted by these tariffs as it has all its facilities close to its customers and can effectively realign supplies as per customer needs. Further, this is likely to lead to industry consolidation, with players like Samvardhana Motherson likely to emerge as key beneficiaries in the long run. Given the long-term growth opportunities, we reiterate our Buy rating with a revised target price of Rs 129, based on 24x Sept-27E earnings per share..Click on the attachment to read the full report:.Eicher Motors Q2 Review — Focus On Driving Growth To Weigh On Profitability; ICICI Securities Maintains 'Hold'.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Samvardhana Motherson Q2 Review —Motilal Oswal Maintains 'Buy' On Long-Term Growth Opportunities

Motilal Oswal maintains 'Buy' rating on Samvardhana Motherson and ups target price, EPS estimate - check details.

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