Statement Of Investor Complaints
Statement of Investor complaints for the quarter ended June 30, 201720-07-2017
20-07-2017
Auto ancillary firm Motherson Sumi: thumbs up for future growth, say analysts
Auto ancillary company Motherson Sumi is betting on rising content per vehicle and the value of acquisitions to meet an aggressive 2020 target. The company has been able to bounce back in recent results after its largest customer Volkswagon saw a substantial hit in sales following the emissions scam that dominated headlines at the end of 2016. Motherson Sumi management says that it expects its 2020 revenues from its car consoles to rise to $18 billion from $8 billion currently - more than double - and its RoCE to rise to 40% from 28% now. "We will likely meet the 2020 target a year earlier," the management told analysts of Axis Direct. The bullishness of management on these targets suggests that the share price of the company has room to grow. Three analysts - ICICI Securities, Axis Direct and Chola Wealth - revised targets upwards since March. India is a focus market, with growth expected from the rising number of vehicles on the road, and the company also expects to see higher console content per vehicle driven by new BS6 emission norms. The company is also focusing on expanding its US market footprint, with an upcoming plant in Alabama - which will be Motherson Sumi's largest ever, and from where it will be a supplier to Daimler. The firm's recent acquisition, the Finland-based PKC Group, is in need of upgrades, the firm noted. Most of these are expected to be relatively easy process shifts. The RoCE of PKC is 7% versus MSS' RoCE of close to 50% in standalone. It expects to drive PKC's RoCE up by 20% by incorporating MSS's best practices. See the most recent reports from Axis Direct and Edelweiss.06-07-2017
Non Deal Roadshows ( Ndrs)
Motherson Sumi Systems Limited inform that the Management of the Company shall be attending Non Deal Roadshows (NDRs) organized by The Hongkong and Shanghai Banking Corporation Limited (HSBC) on 06.07.2016 to 07.07.2016 at London. There is no separate presentation and the Management may refer to the latest presentation available on the Company's website www.motherson.com.04-07-2017
Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Samvardhana Motherson International Ltd30-06-2017
Updates
Motherson Sumi Systems Limited inform that its subsidiary Samvardhana Motherson Automotive Systems Group B.V., Netherlands has made the following announcement : 'Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV) is pleased to announce the pricing of its new 300 million 7-year (due July 2024) non-call life senior secured Notes offering 1.800% (at 140 bps over mid swaps). This is the fourth successful issue of Notes by SMRP...30-06-2017
Laksh Vaaman Sehgal: Rewiring the future
From turning around an ailing auto component firm in Germany to spearheading innovation solutions at auto parts maker Motherson Sumi, Laksh Vaaman Sehgal is fast stepping out of the shadow of his illustrious billionaire father Read more29-06-2017
Motherson Sumi: Production ramp up to aid margins
The stock of Motherson Sumi has gained about 67 per cent over the last year on expectation that higher growth and margins at its overseas subsidiaries and steady performance in standalone business will help boost its financials. One of the key triggers for the stock is the performance of its overseas subsidiaries, SMR and SMP, which together contribute about 79 per cent to the consolidated top line.The management has highlighted that globally model life cycles, which include refreshes, are coming down and this benefits the company immensely across its segments. This coupled with higher demand from auto makers and existing order book of Rs 94,900 crore (for the two subsidiaries) should reflect in good revenue growth going ahead. Margins for the subsidiaries, which have more than doubled over the last five years, are expected to move up further given higher capacity utilisation levels from the production ramp up of the nine plants commissioned over the last two fiscals. The standalone ..27-06-2017
Disclosure of Voting results of Postal Ballot (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Motherson Sumi Systems Ltd has informed BSE regarding the details of Voting results of Postal Ballot, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here27-06-2017
Date Of Book Closure For Issuance Of Bonus Shares
Motherson Sumi Systems Limited inform that the Register of Members and Share Transfer Books shall remain closed on 7th July, 2017 (single day) for the purpose of issuance of Bonus Shares as approved by the shareholders of the Company through Postal Ballot, result declared on 27th June, 2017.27-06-2017
Details Of Voting Results
Motherson Sumi Systems Limited inform that based on the Scrutinizers' Report, the Company has declared the result of the Postal Ballot on June 27, 2017. Shareholders of the Company have approved the Resolution for issuance of bonus shares to the existing shareholders. In this connection,enclose herewith details of voting result of the Postal Ballot as per prescribed format pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure...27-06-2017