Company Overview📈
Samvardhana Motherson International Ltd 
(SMIL), formerly known as Motherson Sumi Systems Ltd, is a leading global
auto ancillary company headquartered in Noida, India. Established in 1986 as a joint venture with Japan’s Sumitomo
Wiring Systems, SMIL has evolved into a diversified multinational enterprise. The company specializes in the
development, manufacture, and supply of components for automotive OEMs across India, Germany, the U.S., and
more.
Global Footprint📈
SMIL operates over 300 facilities across 41 countries, serving a vast clientele that includes automotive giants such as
Maruti Suzuki, Mercedes-Benz, Audi, Volkswagen, Ford, and Porsche.
Financial Performance-Q3 FY25📈
Revenue: INR27,666 crore, up 8% YoY
EBITDA: INR2,776 crore, up 13% YoY
PAT: INR879 crore, up 20% YoY
Leverage Ratio: Reduced to 0.9x
Capex: Reduced to INR4,500 crore
New Ventures: Consumer electronics plant, Atsumitec & Baldi Auto acquisitions, Sanko & Matsui JV
Aerospace: Tier-1 supplier for Airbus
Financial Performance - Q2 FY25
Revenue: INR27,812 crore, up 18% YoY
EBITDA: INR2,463 crore, up 23% YoY
PAT: INR747 crore, up 66% YoY
Leverage Ratio: Reduced to 1.0x
Order Book: ~$88 billion
Greenfield Projects: 5 of 19 operational
ROCE: Improved to 17.3%
Business Segments📈
- Wiring Harness
- Modules and Polymer Products
- Vision Systems
- Integrated Assemblies
- Emerging Businesses
Strategic Initiatives
Diversification into non-automotive sectors like consumer electronics and aerospace.
Strategic acquisitions: SAS, Saddles International, Dr. Schneider Group.
EV component orders contribute 22%+ of the total order book.
Shareholding Pattern (Mar 31, 2025)
Promoters: 58.13% (2.42% pledged)
FII: 12.42%
DII: 20.95%
Mutual Funds: 16.4%
Others: 8.50%
Risks & Considerations
Market Volatility, Raw Material Prices, Global Operational Risks
Investment Thesis📈
SMIL’s strong global presence, product diversity, and strategic direction make it a compelling long-term investment.
Disclaimer☠️
This analysis is for informational purposes only and does not constitute investment advice. Please consult your financial
advisor before investing.