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MSUMI - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 02 Feb 26, 01:17 pm

Fundamental Rating: 3.9

Stock Code MSUMI Market Cap 28,123 Cr. Current Price 42.3 ₹ High / Low 53.6 ₹
Stock P/E 45.2 Book Value 2.78 ₹ Dividend Yield 1.34 % ROCE 42.5 %
ROE 35.9 % Face Value 1.00 ₹ DMA 50 45.7 ₹ DMA 200 44.0 ₹
Chg in FII Hold -0.13 % Chg in DII Hold 0.58 % PAT Qtr 149 Cr. PAT Prev Qtr 165 Cr.
RSI 38.0 MACD -1.26 Volume 23,12,471 Avg Vol 1Wk 66,75,758
Low price 30.7 ₹ High price 53.6 ₹ PEG Ratio 4.58 Debt to equity 0.14
52w Index 50.6 % Qtr Profit Var 6.76 % EPS 0.94 ₹ Industry PE 28.0

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT declined from 165 Cr. to 149 Cr., showing short-term pressure. However, ROCE (42.5%) and ROE (35.9%) remain strong, reflecting efficient capital usage.
  • Margins: High return metrics indicate healthy margins, though EPS at 0.94 ₹ is modest relative to valuation.
  • Debt: Debt-to-equity ratio of 0.14 suggests a very low leverage, strengthening financial stability.
  • Cash Flow: Dividend yield of 1.34% indicates consistent cash generation and shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 45.2 vs Industry PE of 28.0 → Overvalued compared to peers.
  • P/B Ratio: Current Price (42.3 ₹) / Book Value (2.78 ₹) ≈ 15.2 → Very high, signals premium valuation.
  • PEG Ratio: 4.58 → Indicates expensive valuation relative to growth.
  • Intrinsic Value: Current price exceeds fair value zone, suggesting limited upside in near term.

🏭 Business Model & Competitive Advantage

  • Operates in auto components manufacturing, benefiting from OEM demand and industry growth.
  • Strong ROCE and ROE highlight operational efficiency and competitive positioning.
  • Low debt enhances resilience against cyclical downturns.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 35 ₹ – 38 ₹, closer to RSI oversold levels and below DMA 200.
  • Long-Term Holding: Suitable for patient investors given strong fundamentals, but valuation risks suggest staggered buying.

✅ Positive

  • High ROCE and ROE indicating strong efficiency.
  • Low debt-to-equity ratio ensures financial stability.
  • Consistent dividend yield supports shareholder value.

⚠️ Limitation

  • High P/E and P/B ratios make the stock expensive.
  • Quarterly profit decline shows near-term weakness.
  • PEG ratio signals overvaluation relative to growth.

📉 Company Negative News

  • Recent quarterly PAT dropped from 165 Cr. to 149 Cr.
  • FII holding decreased by 0.13%, showing reduced foreign investor confidence.

📈 Company Positive News

  • DII holding increased by 0.58%, reflecting domestic institutional support.
  • Strong long-term return metrics despite short-term profit dip.

🌐 Industry

  • Auto component sector is cyclical but benefits from rising automobile demand.
  • Industry PE at 28.0 indicates peers trade at lower valuations, highlighting premium pricing for MSUMI.

🔎 Conclusion

MSUMI demonstrates strong fundamentals with excellent return ratios and low debt, but current valuations are stretched. Investors may consider entering around 35–38 ₹ for long-term holding, while avoiding aggressive buying at current levels. The company remains fundamentally healthy, but patience is key for value-conscious investors.

Would you like me to also prepare a technical analysis chart zone (support/resistance levels with DMA and RSI) to complement this fundamental view?

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