Samvardhana Motherson - Vision 2025, Aspirations Unchanged: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Samvardhan Motherson International Ltd. reiterated its Vision 2025 (five-year plan set in April 2020) despite the first half of the plan period witnessing incessant challenges. It aspires for: revenue of $36 billion (including notable contribution from mergers and acquisitions) with 40% return on capital employed, further diversification of revenue (3CX10 – no component, customer or country more than 10% of revenue) and 40% dividend payout. The vision entailed 25% of revenue from non-auto segment. Annualised revenue run-rate was at $12 billion and adjusted RoCEs (for new plants and acquisitions) stood at 19% (8% reported) for H1 FY23. Samvardhan Motherson’s revenue aspiration of $36 billion is based on four pillars: strong organic growth as global passenger vehicle production normalises after last three years of headwinds,content increase through premiumisation (more luxury cars and more higher trim levels) and electric vehicles,increasing contribution from nonauto, andacquisitions. Global PV production bottomed out in FY22 at 76.5 million units (from peak of 95.1 million in FY18) and H1 FY23 annualised rate is 83.1 million units..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Samvardhana Motherson - Vision 2025, Aspirations Unchanged: Motilal Oswal

It aspires for revenue of $36 billion with 40% RoCEs, further diversification of revenue and 40% dividend payout.

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