Samvardhana Motherson International Limited (MOTHERSON.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-23.9%

₹122.45

vs ₹160.81 price

Levered DCF

₹227.27

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	28.71×	23.82×	30×	30.43×	37.17×	30.5×	8.21×	22.48×
P/B	2.7×	2.6×	3.11×	2.03×	1.58×	2.52×	0.85×	3.31×
P/S	0.88×	0.8×	0.83×	0.58×	0.51×	0.55×	0.16×	0.57×
EV / EBITDA	9.83×	9.83×	10.17×	8.63×	8.71×	7.9×	3.65×	8.03×
Gross margin	17.2%	44.0%	42.7%	40.3%	40.2%	41.1%	40.3%	40.0%
Operating margin	5.4%	18.4%	18.5%	17.0%	15.5%	16.3%	16.1%	16.5%
Net margin	3.1%	3.4%	2.8%	1.9%	1.4%	1.8%	1.9%	2.5%
Current ratio	1.06×	1.03×	0.97×	0.97×	1.01×	1.04×	0.99×	1.06×
Debt / equity	0.47×	0.49×	0.76×	0.61×	0.69×	0.95×	1.17×	1.05×
Interest coverage	4.17×	11.02×	10.01×	17.07×	18.11×	18.25×	16.41×	24.7×
Dividend yield	0.5%	0.6%	0.5%	0.6%	1.5%	0.0%	11.3%	1.1%
Payout ratio	15.5%	15.1%	16.2%	19.6%	54.1%	0.0%	92.5%	25.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.4%	10.9%	10.4%	6.7%	4.2%	8.3%	10.4%	14.7%
Return on invested capital	7.3%	28.2%	27.8%	23.0%	14.6%	30.6%	18.8%	24.6%
Return on assets	3.5%	4.1%	3.2%	2.4%	1.6%	2.2%	2.6%	3.7%
Free cash flow yield	4.7%	1.9%	4.2%	5.3%	-0.1%	9.7%	42.4%	4.3%
Earnings yield	3.5%	4.2%	3.3%	3.3%	2.7%	3.3%	12.2%	4.4%
Enterprise value	₹1.2T	₹1T	₹946B	₹547.2B	₹417.3B	₹377.3B	₹178.7B	₹442.6B
Net debt / EBITDA	0.88×	1.11×	1.42×	1.46×	1.93×	1.26×	1.69×	1.45×
Cash conversion cycle (days)	3	-18	-11	8	-30	-51	-1	3