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Buy Motherson Sumi Systems, price target Rs 151: Chandan Taparia

The analyst suggested a stoploss at Rs 136.

ETMarkets.com|
Updated: Dec 16, 2019, 08.28 AM IST
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Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 44479.50 Crore) operating in Auto Ancillaries sector.
Chandan Taparia of Motilal Oswal Securities has a buy call on Motherson Sumi Systems Ltd. with a target price of Rs 151.0 . The current price of Motherson Sumi Systems Ltd. is Rs 140.85 . Chandan Taparia recommended to keep a stoploss at Rs 136 .

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 44479.50 Crore) operating in Auto Ancillaries sector.

Motherson Sumi Systems Ltd. key Products/Revenue Segments include Auto Electricals which contributed Rs 7293.40 Crore to Sales Value (96.20 % of Total Sales), Sale of services which contributed Rs 114.80 Crore to Sales Value (1.51 % of Total Sales), Traded Goods which contributed Rs 102.50 Crore to Sales Value (1.35 % of Total Sales), Scrap which contributed Rs 33.40 Crore to Sales Value (0.44 % of Total Sales), Export Incentives which contributed Rs 19.40 Crore to Sales Value (0.25 % of Total Sales), Other Operating Revenue which contributed Rs 16.50 Crore to Sales Value (0.21 % of Total Sales) and Job Work which contributed Rs 1.30 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 15708.99 Crore, down -5.12 % from last quarter Sales of Rs 16557.33 Crore and up 5.76 % from last year same quarter Sales of Rs 14853.55 Crore Company has reported net profit after tax of Rs 434.16 Crore in latest quarter.

The company’s top management includes Mr.Arjun Puri, Mr.Gautam Mukherjee, Mr.Laksh Vaaman Sehgal, Mr.Naveen Ganzu, Mr.Nishimura Shunichiro, Mr.Pankaj Mital, Mr.Sushil Chandra Tripathi, Mr.Vivek Chaand Sehgal, Ms.Geeta Mathur, Ms.Noriyo Nakamura. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 3,157,934,237 shares outstanding.

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