This auto ancillaries stock engaged in manufacturing automotive components like wiring harnesses, rearview mirrors, and plastic parts for global Original Equipment Manufacturers (OEMs), jumped 3 percent after Goldman Sachs (Singapore) Pte-ODI bought a stake worth approx. Rs. 87 crore through a block deal.
Stock Price Movement:
With a market capitalization of Rs. 95,268.42 crores, the share of Samvardhana Motherson International Limited has reached an intraday high of Rs. 135.50 per equity share, rising nearly 3.32 percent from its previous day’s close price of Rs. 131.15. Since then, the stock has retreated and is currently trading at Rs. 135.40 per equity share.
What Happened:
Goldman Sachs (Singapore) Pte – ODI acquired 65.48 lakh shares of Samvardhana Motherson International Limited at an average price of Rs 132.7 per share from Kadensa Master Fund. The total value of the transaction stands at approximately Rs 86.89 crore, reflecting a significant investment in the company.
Capex Plans:
Samvardhana Motherson International Limited (SAMIL) initially projected a capital expenditure of Rs. 5,000 crore for FY25. However, the estimate has been revised to Rs. 4,500 crore, reflecting a reduction of Rs. 500 crore due to weaker demand in key markets like Europe and North America.
Manufacturing Facilities:
Samvardhana Motherson International Limited (SAMIL) operates over 400 manufacturing facilities in 43 countries across five continents. This extensive global presence underscores its position as one of the largest automotive component manufacturers, ensuring widespread production capabilities.
Product and service Offerings:
Samvardhana Motherson offers a wide range of products, including wiring harnesses, mirrors, molded plastic parts, rubber components, and LED lighting. They also provide telematics systems, aerospace components, and industrial IT solutions, along with manufacturing support and environmental sustainability initiatives.
Recent quarter results:
Samvardhana Motherson International Limited’s revenue has increased from Rs. 25,644 crore in Q3 FY24 to Rs. 27,666 crore in Q3 FY25, which has grown by 7.88 percent. The net profit has also grown by 55.45 percent from Rs. 633 crore in Q3 FY24 to Rs. 984 crore in Q3 FY25.
Written By – Nikhil Naik
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