Motherson Sumi Wiring India Ltd. was listed on the NSE on March 28, 2022. It manufactures wiring harnesses for cars and other vehicles. Let’s explore Motherson Sumi Wiring’s growth potential and the Motherson Sumi Wiring share price target 2025 to 2050 in this article.
About Motherson Sumi Wiring
Motherson Sumi Wiring India Ltd. (MSWIL) was formed in 2020 due to the separation from Motherson Sumi Systems Limited. The company provides wiring solutions to several major automobile manufacturers in India. It prioritises quality, innovation, and meeting the increasing demand for electric and hybrid vehicles. MSWIL is a major player in India’s automotive industry, with multiple manufacturing plants spread across the country.
Motherson Sumi Wiring Business Model
- Wiring Harness Manufacturing Business: MSWIL manufactures wiring harnesses, which are essential components used in vehicles to transmit signals and power. These are supplied to automotive OEMs (Original Equipment Manufacturers) across India. The company designs, engineers, and manufactures customized wiring solutions as per client requirements.
- Sole Supplier to Maruti Suzuki and Others: MSWIL is the exclusive supplier of wiring harnesses to Maruti Suzuki India Limited and a major supplier to other top OEMs like Tata Motors, Toyota, and Honda.
- Backward Integration and Component Supply: The company also manufactures related components such as terminals, connectors, and fuses, which are used in wiring harness assemblies. This backward integration enhances cost efficiency, quality control, and margins.
Motherson Sumi Wiring Fundamental Analysis
| Stock Name | Motherson Sumi Wiring India Ltd. |
|---|---|
| NSE Symbol | MSUMI |
| Market Cap | ₹ 26,363 Cr. |
| 52W High | ₹ 80.0 |
| 52W Low | ₹ 46.1 |
| Stock P/E | 43.5 |
| Book Value | ₹ 3.84 |
| Dividend Yield | 1.44 % |
| ROCE | 42.5 % |
| ROE | 35.9 % |
| Face Value | ₹ 1.00 |
| Industry PE | 27.9 |
| Price to book value | 15.5 |
| Debt to equity | 0.16 |
| PEG Ratio | – |
| Quick ratio | 0.87 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 61.73% | 61.73% | 61.72% |
| FIIs | 9.92% | 10.96% | 10.16% |
| DIIs | 18.94% | 16.22% | 16.21% |
| Government | 0.09% | 0.00% | 0.00% |
| Public | 9.32% | 11.11% | 11.92% |
| No. of Shareholders | 6,85,401 | 8,88,941 | 9,54,433 |
Key Factors Driving Motherson Sumi Wiring Future Growth
- Growing Demand for Electric Vehicles: Motherson Sumi Wiring will benefit from the growing demand for electric vehicles, which require more wiring and electrical components than regular cars.
- Strong Ties with Automakers: Motherson Sumi Wiring has strong partnerships with global car manufacturers, ensuring an ongoing supply of business and new projects.
- Growth in Global Markets: Motherson Sumi Wiring is expanding into new countries, increasing its reach and draws customers from all over the world.
- Focus on Advanced Technology: Motherson Sumi Wiring is investing in new technology to make wiring systems smarter, lighter, and more efficient, drawing new customers.
- Government Support for Local Production: Policies that promote local production of auto parts in different countries help Motherson Sumi Wiring grow its business in key regions.
- Increase in Vehicle Production: As global car production rises, Motherson Sumi Wiring’s wiring products will see increased demand.
Pros of Motherson Sumi Wiring
- High Return on Capital Employed (ROCE): Motherson Sumi Wiring has maintained an average ROCE of 55.5% over the last five years, which shows that the Motherson Sumi Wiring is using its capital efficiently to generate profit.
- Low Debt Levels: With a low debt-to-equity ratio of 0.16, Motherson Sumi Wiring has a minimum dependency on debt, reducing financial risk and interest expenses.
- Increase in FIIs Holding: Foreign Institutional Investors (FIIs) have increased their holding to 10.16% in March 2025 from 9.86% in December 2024, which indicates growing confidence in the Motherson Sumi Wiring future potential by the FIIs.
Cons of Motherson Sumi Wiring
- Overvaluation Concern: Motherson Sumi Wiring is trading at a PE ratio of 43.5 and a (P/B) ratio of 15.5, which shows that its stock is significantly overvalued. This high valuation may limit future upside potential and pose a risk of correction if market sentiment changes.
- Decrease in DIIs Holding: Domestic Institutional Investors (DIIs) have reduced their holding to 16.21% in March 2025 from 16.74% in December 2024, indicating a decline in DIIs confidence in the company’s future growth prospects.
Motherson Sumi Wiring Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Equity Capital | 442 | 442 | 442 |
| Reserves | 888 | 1,235 | 1,256 |
| Borrowings | 373 | 259 | 269 |
| Other Liabilities | 1,195 | 1,203 | 1,761 |
| Total Liabilities | 2,898 | 3,139 | 3,729 |
| Fixed Assets | 579 | 600 | 691 |
| CWIP | 27 | 24 | 37 |
| Investments | 0 | 0 | 0 |
| Other Assets | 2,292 | 2,516 | 3,001 |
| Total Assets | 2,898 | 3,139 | 3,729 |
By the end of 2025, the Motherson Sumi Wiring share price is expected to be around ₹75 in normal conditions. In a bear market, it might be ₹50, and in a bull market, it may go up to ₹90.
| Motherson Sumi Wiring Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 50 |
| Normal Market | 75 |
| Bull Market | 90 |
In 2026, the Motherson Sumi Wiring share price is expected to be around ₹90 in a normal situation. In a bear market, it might be ₹60, and in a bull market, it may cross ₹120.
| Motherson Sumi Wiring Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 60 |
| Normal Market | 90 |
| Bull Market | 120 |
According to our analysis, the Motherson Sumi Wiring share price is expected to be around ₹110 in 2027. In a bear market, it might be ₹65, and in a bull market, it may cross ₹160.
| Motherson Sumi Wiring Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 65 |
| Normal Market | 110 |
| Bull Market | 160 |
According to our analysis, the Motherson Sumi Wiring share price may trade near ₹130 by 2028; bearish conditions could pull it down to ₹70, while a strong bull run might lift it to ₹200.
| Motherson Sumi Wiring Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 70 |
| Normal Market | 130 |
| Bull Market | 200 |
In a normal situation, the Motherson Sumi Wiring share price is projected to be approximately ₹160 in 2029. In a bear market, the value may be as low as ₹80, while in a bull market, it may rise to ₹260.
| Motherson Sumi Wiring Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 80 |
| Normal Market | 160 |
| Bull Market | 260 |
In a normal situation, the Motherson Sumi Wiring share price is projected to be approximately ₹180 in 2030. In a bear market, the value may be as low as ₹90, while in a bull market, it may rise to ₹350.
| Motherson Sumi Wiring Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 90 |
| Normal Market | 180 |
| Bull Market | 350 |
By 2035, the Motherson Sumi Wiring share price is projected to be around ₹360 under normal conditions. In adverse markets, the price could fall to ₹140, while favorable conditions might push it up to ₹1000.
| Motherson Sumi Wiring Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 140 |
| Normal Market | 360 |
| Bull Market | 1000 |
Under normal conditions, the Motherson Sumi Wiring share price might hit ₹720 by 2040. A bearish trend could lower it to ₹200, whereas a bullish surge could raise it to ₹3000.
| Motherson Sumi Wiring Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 200 |
| Normal Market | 720 |
| Bull Market | 3000 |
In 2050, the Motherson Sumi Wiring share price is expected to be around ₹2900 in a normal situation. In a bear market, it might be ₹600, and in a bull market, it may go up to ₹18,000.
| Motherson Sumi Wiring Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 600 |
| Normal Market | 2900 |
| Bull Market | 18,000 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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