The brokerage has set a target price of Rs 170. The downgrade follows SAMIL's acquisition of a 95% stake in Japan's Atsumitec. The remaining 5% voting rights stake will continue to be owned by Honda Motor. Currently Honda Motor owns 48.01% in Atsumitec while the founders and other shareholders hold the rest. Equity value for 100% stake in Atsumitec is 8.5 billion yen or $57 million, said the company in an exchange notification. The $412 million turnover Atsumitec makes high precision machined components including gear shifters, chassis and transmission parts for four and two- wheelers and has nine plants in Japan, China, United States, Mexico, Thailand, Indonesia and Vietnam. The broker notes that this acquisition expands SAMIL's product portfolio to include chassis components like gear shifters and powertrain parts such as pulleys, connecting rods, and stator shafts. Additionally, it extends SAMIL's geographic reach to Vietnam, providing access to global metal and machining capabilities. The company anticipates increased penetration with Japanese OEMs on a global scale. However, the brokerage has adjusted its FY2026-27 EPS estimates for SAMIL downward by 4-7% due to lower margin expectations, reflecting a general trend of declining margin outlooks among global OEMs. While the Atsumitec acquisition was completed at attractive valuations, its estimated EPS accretion is relatively modest at 1-2% based on FY2024 PAT. Given the ongoing weakness in the global automotive market, near-term growth and margins for SAMIL are expected to remain under pressure. The broker believes that the company's current valuations appear fair, considering these factors. SAMIL is one of the world's leading specialised automotive component manufacturing companies for OEMs. It is currently the largest auto ancillary in India and is ranked among the top 15 automotive suppliers worldwide. On a consolidated bsis, net profit of SAMIL surged 336.49% to Rs 879.74 crore while net sales rose 18.78% to Rs 27668.35 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

The Board of Directors of Samvardhana Motherson International (SAMIL) at its meeting held on 06 December 2024, inter-alia, approved the acquisition of 95% shares with voting rights in Japanese company Atsumitec Co. through its wholly owned subsidiary of Samvardhana Motherson Automotive Systems Group B.V (SMRP B.V.). Honda Motor shall continue to own remaining 5% voting rights shares in Atsumitec Co. Atsumitec Co. is  engaged in the production of high precision machined components including gear shifters, chassis and transmission parts for 4- Wheeler and 2-Wheeler vehicles.Powered by Capital Market - Live

Samvardhana Motherson International Ltd is down for a fifth straight session today. The stock is quoting at Rs 159.37, down 4.02% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Samvardhana Motherson International Ltd has lost around 25.61% in last one month.Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has eased around 14.07% in last one month and is currently quoting at 23269.1, down 2.27% on the day. The volume in the stock stood at 312.71 lakh shares today, compared to the daily average of 132.96 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 159.73, down 4.16% on the day. Samvardhana Motherson International Ltd jumped 75.81% in last one year as compared to a 20.25% rally in NIFTY and a 36.59% spurt in the Nifty Auto index.The PE of the stock is 125.91 based on TTM earnings ending June 24.Powered by Capital Market - Live

Net profit of Samvardhana Motherson International rose 336.49% to Rs 879.74 crore in the quarter ended September 2024 as against Rs 201.55 crore during the previous quarter ended September 2023. Sales rose 18.78% to Rs 27668.35 crore in the quarter ended September 2024 as against Rs 23294.33 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales27668.3523294.33 19 OPM %8.858.11 - PBDT2345.251640.11 43 PBT1242.41772.72 61 NP879.74201.55 336 Powered by Capital Market - Live

Samvardhana Motherson Intl. will hold a meeting of the Board of Directors of the Company on 12 November 2024.Powered by Capital Market - Live

Samvardhana Motherson International Ltd is up for a fifth straight session today. The stock is quoting at Rs 213.28, up 0.22% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 25137.7. The Sensex is at 82005.67, up 0.77%. Samvardhana Motherson International Ltd has gained around 10.06% in last one month. Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has gained around 2.54% in last one month and is currently quoting at 26436.6, up 0.19% on the day. The volume in the stock stood at 34.39 lakh shares today, compared to the daily average of 265.31 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 213.71, up 0.01% on the day. Samvardhana Motherson International Ltd is up 119.09% in last one year as compared to a 27.4% jump in NIFTY and a 60.33% jump in the Nifty Auto index.The PE of the stock is 161.02 based on TTM earnings ending June 24.Powered by Capital Market - Live

Samvardhana Motherson International Ltd dropped for a fifth straight session today. The stock is quoting at Rs 197.99, down 1.46% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81048.48, down 0.78%.Samvardhana Motherson International Ltd has added around 5.67% in last one month.Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has increased around 0.74% in last one month and is currently quoting at 25926.3, down 0.94% on the day. The volume in the stock stood at 121.67 lakh shares today, compared to the daily average of 269.38 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 199.75, down 1.09% on the day. Samvardhana Motherson International Ltd jumped 118.89% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.The PE of the stock is 152.16 based on TTM earnings ending June 24.Powered by Capital Market - Live

Samvardhana Motherson International (SAMIL) successfully concluded its capital raise of Rs 6,438 crore (USD 771 Mn approx.) on 20 September 2024. The issue garnered strong interest from both domestic and foreign institutional investors, leading to substantial demand over the issue size. Over 95% of allocations were made to marquee long-only investors such as mutual funds, insurance and pension funds, foreign institutional investors (FIIs) etc. The issue resulted in the further diversification and strengthening of the shareholder base. SAMIL has become one of the few successful issuers of Equity and Compulsorily Convertible Debentures (CCDs) in a composite issuance (equity of Rs 4,938 crore and CCDs of Rs 1,500 crore) (the issuance). The transaction subscription was done at a share price of Rs 190/share while the floor price as per SEBI ICDR regulations was Rs 188.85/share. The proceeds from the issuance will be mainly directed towards debt repayment, thereby further strengthening SAMIL's balance sheet and enhancing its position to capitalize on various growth opportunities. Some of the proceeds will be used towards general corporate purposes.Powered by Capital Market - Live

Samvardhana Motherson International Ltd gained for a fifth straight session today. The stock is quoting at Rs 205.33, up 5.29% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.23% on the day, quoting at 25476.3. The Sensex is at 83297.27, up 0.26%. Samvardhana Motherson International Ltd has risen around 10.32% in last one month. Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has risen around 2.61% in last one month and is currently quoting at 25896.4, up 0.52% on the day. The volume in the stock stood at 649.2 lakh shares today, compared to the daily average of 160.7 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 204.42, up 4.75% on the day. Samvardhana Motherson International Ltd is up 108.14% in last one year as compared to a 28.01% spurt in NIFTY and a 57.95% spurt in the Nifty Auto index.The PE of the stock is 142.41 based on TTM earnings ending June 24.Powered by Capital Market - Live

Samvardhana Motherson International Ltd rose for a third straight session today. The stock is quoting at Rs 192.54, up 1.08% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.06% on the day, quoting at 25372.35. The Sensex is at 82952.82, up 0.07%. Samvardhana Motherson International Ltd has added around 3.44% in last one month. Meanwhile, Nifty Auto index of which Samvardhana Motherson International Ltd is a constituent, has added around 1.9% in last one month and is currently quoting at 25820.85, up 0.12% on the day. The volume in the stock stood at 130.08 lakh shares today, compared to the daily average of 145.19 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 192.43, up 0.74% on the day. Samvardhana Motherson International Ltd is up 93.99% in last one year as compared to a 26.02% gain in NIFTY and a 56.07% gain in the Nifty Auto index.The PE of the stock is 139.09 based on TTM earnings ending June 24.Powered by Capital Market - Live