Motherson Sumi Wiring India Limited (MSUMI.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

+88.2%

₹73.72

vs ₹39.17 price

Levered DCF

₹96.92

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

9.41

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	39.26×	37.4×	46.88×	44.07×	49.5×	49.17×
P/B	11.35×	13.29×	17.8×	16.04×	18.26×	27.57×
P/S	2.14×	2.43×	3.61×	3.04×	3.64×	4.97×
EV / EBITDA	23.3×	22.41×	29.36×	26.97×	29.49×	34.03×
Gross margin	13.5%	32.5%	32.6%	32.5%	34.2%	16.9%
Operating margin	7.4%	8.6%	10.1%	9.4%	11.3%	13.1%
Net margin	5.4%	6.5%	7.7%	6.9%	7.4%	10.1%
Current ratio	1.62×	1.58×	1.94×	1.66×	1.65×	1.56×
Debt / equity	0.11×	0.16×	0.15×	0.28×	0.25×	0.14×
Interest coverage	32.16×	32.33×	30.74×	23.85×	22.06×	70.6×
Dividend yield	1.5%	1.6%	1.0%	1.3%	0.0%	0.0%
Payout ratio	60.0%	58.2%	44.9%	55.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	28.9%	35.7%	38.1%	36.6%	36.8%	55.8%
Return on invested capital	25.6%	29.7%	31.9%	28.3%	32.0%	44.8%
Return on assets	13.2%	16.2%	20.3%	16.8%	16.0%	22.1%
Free cash flow yield	2.3%	0.9%	2.3%	0.1%	2.0%	-0.2%
Earnings yield	2.5%	2.7%	2.1%	2.3%	2.0%	2.0%
Enterprise value	₹247.1B	₹226.1B	₹299.3B	₹216.7B	₹203.4B	₹196.2B
Net debt / EBITDA	0.15×	0.03×	0.09×	0.42×	-0.02×	0.1×
Cash conversion cycle (days)	51	55	63	63	48	69