Motherson Sumi Share Price: Buy Motherson Sumi Systems, target price Rs 225: Motilal Oswal

Motilal Oswal has buy call on Systems with a target price of Rs 225. The current market price of Motherson Sumi Systems Ltd. is Rs 209.85 .

Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 62306.04 Crore) operating in Auto Ancillaries sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 17157.63 Crore, up 14.29 % from last quarter Total Income of Rs 15012.49 Crore and up 9.01 % from last year same quarter Total Income of Rs 15739.38 Crore. Company reported net profit after tax of Rs 1234.67 Crore in latest quarter.

Investment Rationale
The brokerage upgrades FY22E EPS by 7%, factoring in a stronger recovery in SMRPBV, India, and PKC. The company is our preferred bet to play the global recovery in Auto

Promoter/FII Holdings
Promoters held 61.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.1 per cent, DIIs 14.3 per cent and public and others 7.9 per cent.