as part of our initiative to reward investors, JainMatrix Investments is proud to present its report,
Motherson Sumi – Global Auto Ancillary Growth !!
The entire report dated Feb 2014 is published here, for the first time in public, for your benefit.
Readers may note that the share has appreciated by 79% in 6 months since my Buy call. Another blockbuster report from JainMatrix Investments !!
Click Links below to access this report.
- Report Date: 25 Feb’14
- Market Price: 220
- Large Cap – Mkt Cap 19,460 crores
- Advice: Buy with a Mar’16 target of 451, a 104% appreciation
Motherson Sumi Systems is an Indian auto ancillary firm that is growing rapidly through global acquisitions. It cut its teeth as a Maruti Suzuki vendor, then expanded capabilities, product lines and customer base. In recent years it bought undervalued global plants and rapidly turned them around, and now has operations in 25 countries, supplying to all major auto firms. Revenues, EBITDA and Net profits have grown at 77%, 57% and 20% CAGR over the last 5 years. The current high debt should be reduced soon to comfortable levels. MSS is a BUY at current levels.
Description and Profile
- Motherson Sumi Systems (MSS) is a Noida UP based Auto Ancillary firm operating in 25 countries.
- FY13 consolidated Revenues were Rs 25,200 cr, EBITDA 1,798 cr and…
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