Motherson Sumi Wiring India Ltd (MSWIL) has become one of the most significant actors in the automotive components world especially in the wiring harness market in India. The firm functions within a very narrow niche that builds the foundation of the automobiles of the modern world by allowing electrical connectivity of different systems within the vehicle. As vehicles are electrified, their safety functions improved, and electronic integration of the vehicle, wiring harness systems have become vital parts of both traditional and electric cars. The company is a spin-off of Samvardhana Motherson International Limited whereby the domestic wiring harness business was demerged and listed out individually. This article will provide complete information on Motherson Sumi Wiring Share Price.
Motherson Sumi Wiring Ltd Company Overview
Motherson Sumi Wiring India is a company that mainly deals with the production and distribution of wiring harness products to automotive original equipment manufacturers (OEMs). Wiring harnesses are considered to be the nervous system of the vehicle, which brings together electrical and electronic systems, including engines, lighting systems, infotainment systems, sensors, and battery systems.
The strategic joint venture system with Motherson Group of manufacturing scale and its customer relationship and Sumitomo Wiring Systems technological knowhow is an advantage to the company. Through this alliance, access to international engineering standards, superior product design and extended contracts with customers are available.
Compared to diversified auto component suppliers, MSWIL is targeted at the domestic market and it is possible to operate efficiently and cooperate with Indian OEMs. With more electronic automotive systems and software-controlled car solutions, the complexity and worth of wiring harness systems are steadily increasing, which will have long-term growth prospects.
| Particular | Details |
| Company Name | Motherson Sumi Wiring India Ltd |
| Industry | Auto Components – Wiring Harness |
| Market Cap | ₹28,830 Cr |
| Current Price | ₹43.65 |
| 52 Week High / Low | ₹53.6 / ₹30.7 |
| P/E Ratio | 46.3 |
| Book Value | ₹2.78 |
| Dividend Yield | 1.30% |
| ROCE | 42.5% |
| ROE | 35.9% |
| Face Value | ₹1 |
Business Model and Market Position
The company works with automotive manufacturers according to the long-term supply model. Wiring harness are specific vehicle parts that have to be highly integrated at the design of the vehicle. After approval, suppliers are usually maintained with the model lifecycle and give predictable revenue exposure. MSWIL produces harness solutions that are customized in various platforms of vehicles. Its production sites are well situated around car manufacturing centers and it is able to operate with efficient logistics and deliver on time. The automotive business in India is changing structurally due to the electrification, premiumization, and the safety regulatory measures. All these trends add more content of wiring in every car. The battery management and electronic control modules make the wiring systems in electric vehicles more complicated.
| Segment | Description |
| Passenger Vehicles | Wiring systems for cars and SUVs |
| Two Wheelers | Electrical harness for motorcycles and scooters |
| Commercial Vehicles | Heavy-duty vehicle wiring systems |
| Electric Vehicles | High-voltage harness solutions |
| Components | Connectors and electrical subassemblies |
Motherson Sumi Wiring Share Price Current
MSUMI share price showed a downward trend of slightly lower than the last close of ₹43.95, as the share opened on NSE at a price of ₹43.95 in comparison with the previous close of ₹43.95. The stock traded at a tight intraday range ranging between ₹43.56 and ₹44.46 in the course of the trading session which was a sign of consolidation in the levels of support. The present stock is near its 200-day moving average indicating that it is not weak with a stable medium-term outlook, although weak in the short term.
On the valuation side, the company boasts a premium multiple, and strong profitability ratios back its P/E proportion of approximately 46.6. Its book value is relatively low 2.78 that translates to a high price to book ratio that is characteristic of high returns auto component firms.
| Metric | Value |
| Closing Price | ₹43.57 |
| Opening Price | ₹43.61 |
| Day High | ₹43.95 |
| Day Low | ₹43.11 |
| Market Cap | ₹29,014 Cr |
| P/E Ratio | 46.6 |
| Book Value | ₹2.78 |
| 50 DMA | ₹45.25 |
| 200 DMA | ₹43.72 |
Motherson Sumi Wiring Share RSI and Technical Indicators
The technical indicators also indicate a neutral to slightly bullish set-up. The Relative Strength Index (RSI) of 53 shows an equal momentum, i.e. neither overbought nor oversold. The early indications of the bullish signal are provided by the momentum indicators like MACD and the indicator of the weak strength of the trend presented by the ADX, which are the signals of the consolidation instead of the powerful change in the direction. Generally, the technical framework suggests that traders can keep the stock in a trading range in the short term until an influential breakout or industry impetus occurs.
| Indicator | Reading | Interpretation |
| RSI (14) | 53.28 | Neutral |
| STOCH RSI | 45.71 | Neutral |
| MACD | 0.18 | Mild Bullish |
| ADX | 14.85 | Weak Trend |
| ROC (12) | -0.22 | Slowing Momentum |
| Volatility (ATR) | 1.46 | Moderate |
Motherson Sumi Wiring Share Price Targets 2026
The analyst forecasts of MSUMI are different based on the assumption about automobile growth, electric vehicle uptake, and margin growth. They keep short-term consensus levels in the range of the present levels, which does not imply sharp rallies, but a gradual increase. Analysts project more optimism in the long run as a result of future electrification trends and the growth in wiring content of vehicles.
Experts anticipate that the transition process of the automotive industry towards electric mobility and sophisticated electronics will raise the demand in the wiring harness system, and it might underpin the rise in revenues in the long run.
| Year / Period | Min Target (₹) | Max Target (₹) | Remarks |
| Short-Term | 34 | 60 | Consensus near ₹48 |
| 2026 | 70 | 187 | Wide analyst variation |
| 2030 | 185 | 309 | EV and auto growth driven |
| Long-Term | — | — | No reliable 2040 forecasts |
Motherson Sumi Wiring Share IPO and Listing Background
Motherson Sumi Wiring India had not ventured into markets using a conventional IPO. Rather the company is a product of a corporate restructuring in 2022 with demerging the domestic wiring harness business of Samvardhana Motherson International Ltd and listing it as an independent company. After restructuring, the parent shareholders were issued share of MSWIL. This reorganization enabled investors to come out with the high-margin domestic wiring business entirely on its own without considering the global activities of the parent organization. Previous initiatives to undertake IPOs regarding the parent group in 2012 did not concern the listing structure of MSUMI.
| Particular | Details |
| Listing Date | January 19, 2022 |
| Listing Type | Demerger Listing |
| Parent Company | Samvardhana Motherson International Ltd |
| Business Focus | Indian Wiring Harness Segment |
| Purpose | Operational focus & value unlocking |
Motherson Sumi Wiring Ltd Financial Performance Overview
Motherson Sumi Wiring India has achieved a stable financial growth, based on the growing automobiles manufacturing and the growing electronic content in the vehicles. The growth of revenues has been steady and the profitability has been maintained even as costs have pressured.
The sales grew by ₹10,652 crore as compared to ₹3,938 crore on trailing twelve-month basis in FY21. The operating margins are in the ₹10-₹14 range, which is an indicator of consistent performance and long-term deals with OEM clients. The company has realized around 18 percent revenue CAGR during the past years and it has high return ratios.
| Year | Sales (₹ Cr) | Operating Profit | Net Profit |
| FY2021 | 3,938 | 553 | 396 |
| FY2022 | 5,635 | 730 | 411 |
| FY2023 | 7,068 | 792 | 487 |
| FY2024 | 8,327 | 1,012 | 638 |
| FY2025 | 9,319 | 996 | 606 |
| TTM | 10,652 | 1,057 | 623 |
Motherson Sumi Wiring Share Quarterly Performance
The quarterly performances show that the company is operating within stable operational performance, which is in accordance to vehicle productions cycles. The growth in revenue is an indication of demand improvement by passenger vehicles manufacturers.
| Quarter | Sales (₹ Cr) | Operating Profit | Net Profit |
| Dec 2024 | 2,300 | 238 | 140 |
| Mar 2025 | 2,510 | 271 | 165 |
| Jun 2025 | 2,494 | 244 | 143 |
| Sep 2025 | 2,762 | 280 | 165 |
| Dec 2025 | 2,887 | 262 | 149 |
Motherson Sumi Wiring Ltd Growth Drivers
Structural automotive trends present a long-term outlook of MSWIL. Modern vehicles are full of electronic parts than the previous generations and directly this has created more demand of wiring harness systems. The tailwinds are also characterized by the increasing penetration and growth of the electric mobility and passenger vehicles in India. During the introduction of technologically advanced vehicles by OEMs, the complexity of wiring and vehicle value is also growing.
| Driver | Impact |
| Vehicle Electrification | Higher wiring content per vehicle |
| Premium Features | More sensors and electronics |
| EV Adoption | Demand for high-voltage harness |
| OEM Production Growth | Stable order visibility |
| Localization Push | Domestic manufacturing advantage |
Motherson Sumi Wiring Ltd Balance Sheet Strength
MSWIL has a healthy balance sheet that is backed by strong cash flow and average leverage. Asset growth shows growth in investment in capacity to satisfy increasing OEM demand. The financial stability of the company gives it some flexibility to expand in future.
| Particular | FY2023 | FY2024 | FY2025 |
| Total Assets | ₹2,898 Cr | ₹3,139 Cr | ₹3,729 Cr |
| Borrowings | ₹373 Cr | ₹259 Cr | ₹269 Cr |
| Reserves | ₹888 Cr | ₹1,235 Cr | ₹1,256 Cr |
Motherson Sumi Wiring Ltd Cash Flow Analysis
The cash flow has been positive in most years, which implies that the operation efficiency is healthy. Outflows of investments are primarily associated with expansion of the plant and equipment updates. Powerful operating inflows favor dividend disbursements and growth strategies.
| Year | Operating Cash Flow | Investing Cash Flow | Net Cash Flow |
| FY2021 | ₹11 Cr | -₹28 Cr | ₹8 Cr |
| FY2022 | ₹501 Cr | -₹101 Cr | ₹256 Cr |
| FY2023 | ₹224 Cr | -₹194 Cr | -₹257 Cr |
| FY2024 | ₹791 Cr | -₹208 Cr | ₹131 Cr |
| FY2025 | ₹365 Cr | -₹60 Cr | -₹153 Cr |
Motherson Sumi Wiring Ltd Key Financial Ratios
The performance of MSWIL is outstanding among similar auto component companies based on better performance in terms of returns and capital efficiency.
| Ratio | Value |
| ROCE | 42.5% |
| ROE | 35.9% |
| Dividend Yield | 1.30% |
| Operating Margin | ~10–12% |
| P/E Ratio | 46.3 |
Motherson Sumi Wiring Ltd Shareholding Pattern
There is a stable majority share held by promoters, and the institutional involvement is high.
| Category | Dec 2025 Holding |
| Promoters | 61.72% |
| FIIs | 10.14% |
| DIIs | 17.17% |
| Public | 10.93% |
The long-term confidence is manifested in stable ownership structure.
Motherson Sumi Wiring Ltd Peer Comparison
In comparison to other auto component producers, MSWIL is highly valued as it is a leader and profit-generating company.
| Company | P/E | ROCE |
| Bosch India | 45 | 21% |
| Bharat Forge | 76 | 12% |
| Uno Minda | 58 | 18% |
| Endurance Tech | 40 | 17% |
| Motherson Wiring | 46 | 42% |
The ROCE of the company is very high as compared to industry averages.
Opportunities and Risks
MSWIL is a company with good structural demand drivers as well as a sector risk. The opportunities of growth are EV penetration and the rise of electronics use in vehicles. The risks also include, however are not limited to, reliance on automotive cycles, fluctuation in raw material prices and customer concentration among the major OEMs.
Future Outlook
Conclusion
Motherson Sumi Wiring India Ltd is a specialized and structurally robust auto component firm in a highly important area of contemporary cars. The company is a combination of an OEM relationship which is stable, financial performance which is good and capital efficiency which is high. Although the valuation level can be considered significantly higher, compared to traditional auto suppliers, the return ratios and industry leadership is worth investing in. MSWIL is a stable and growth-oriented opportunity to the long-term investors who want to be exposed to the growth story of automotive electrification and electronics in India.
FAQs
It also produces automotive wiring harness systems, which are in use in vehicles.
Yes, it is an affiliate venture between the Motherson Group and Sumitomo Wiring Systems.
The current-day cars need to be more electronically and electrically connected.
Yes, it has a regular dividend with approximately 1 percent yield.
Yes, EVs demand sophisticated wiring networks, which facilitates the long-term growth
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