Motherson Sumi share price: Multifold growth planned under Vision 2025, but execution will be key | Nomura and Morgan Stanley
Motherson Sumi Systems held a investors meet on 20-21 November, where it made a detailed presentation of its ‘Vision 2025’, with a group revenue target of USD 36 bn (FY20: USD 10 bn) and an ROCE target of 40%. Of the USD 36 bn target, Motherson expects 75% to come from the auto industry through business expansion, technology improvements and new product introductions, and the remaining 25% to come from the non-auto industry areas like Medical, Aerospace, Logistics and IT.
Nomura believes Motherson’s restructuring is likely to be EPS accretive, led by a significant improvement in its subsidiary SMRPBV’s profitability by FY22-23F: Reuters