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MOTHERSON - Fundamental Analysis: Financial Health & Valuation

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Rating: 3

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.0

Stock Code MOTHERSON Market Cap 1,24,150 Cr. Current Price 118 ₹ High / Low 136 ₹
Stock P/E 63.3 Book Value 36.2 ₹ Dividend Yield 0.48 % ROCE 5.16 %
ROE 4.33 % Face Value 1.00 ₹ DMA 50 121 ₹ DMA 200 112 ₹
Chg in FII Hold -0.24 % Chg in DII Hold 0.59 % PAT Qtr 230 Cr. PAT Prev Qtr 732 Cr.
RSI 43.5 MACD -2.21 Volume 1,65,04,568 Avg Vol 1Wk 2,16,81,288
Low price 71.5 ₹ High price 136 ₹ PEG Ratio 8.26 Debt to equity 0.18
52w Index 71.5 % Qtr Profit Var 89.0 % EPS 1.86 ₹ Industry PE 25.0

📊 Financial Overview

  • Revenue & Profit Growth: Quarterly PAT fell sharply from ₹732 Cr. to ₹230 Cr. (down 69%).
  • Margins: ROE at 4.33% and ROCE at 5.16% → weak efficiency.
  • Debt: Debt-to-equity ratio of 0.18 → low leverage, balance sheet stable.
  • Cash Flow: Stable but pressured by declining profits.
  • Return Metrics: EPS at ₹1.86, very low earnings power.

💹 Valuation Indicators

  • P/E Ratio: 63.3 vs Industry PE of 25.0 → highly overvalued.
  • P/B Ratio: Price ₹118 / Book Value ₹36.2 ≈ 3.26.
  • PEG Ratio: 8.26 → expensive relative to growth.
  • Intrinsic Value: Current valuation stretched, limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Operates in auto components manufacturing with global presence.
  • Competitive advantage lies in scale, diversified client base, and OEM partnerships.
  • Challenges include margin pressures, cyclical demand, and weak profitability.

📈 Entry Zone Recommendation

  • Technicals: RSI at 43.5 (neutral), MACD negative, price below 50DMA (121) but above 200DMA (112).
  • Entry Zone: Accumulation possible near ₹110–115 for long-term investors.
  • Holding Guidance: Suitable for patient investors; long-term holding requires earnings recovery.


✅ Positive

  • Low debt-to-equity ratio (0.18).
  • DII holdings increased (+0.59%).
  • Global presence and diversified client base.

⚠️ Limitation

  • Weak ROE (4.33%) and ROCE (5.16%).
  • High P/E (63.3) compared to industry average (25.0).
  • EPS very low at ₹1.86.

📉 Company Negative News

  • PAT dropped from ₹732 Cr. to ₹230 Cr.
  • FII holdings decreased (-0.24%).
  • Technical indicators (MACD negative) show bearish sentiment.

📈 Company Positive News

  • DII confidence increased (+0.59%).
  • Stock trading above 200DMA shows some resilience.
  • Global auto demand recovery could support future growth.

🌐 Industry

  • Auto components industry is cyclical but benefits from global demand recovery.
  • Industry PE at 25.0 indicates sector trades at lower valuations compared to MOTHERSON.
  • EV adoption and global OEM partnerships provide long-term opportunities.

🔎 Conclusion

  • MOTHERSON shows strong global presence but suffers from weak profitability and high valuation.
  • Valuations are stretched, limiting near-term upside.
  • Best considered for long-term investors with entry near ₹110–115; holding depends on earnings recovery and margin improvement.

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