# Motherson Sumi Wiring India (MSUMI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/msumi

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹39.05
- Change: -0.96%
- As of: 2026-11-06
- 1D return: -0.96%
- 5D return: +11.13%
- 1M return: +18.44%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MSUMI (₹39.05) exhibits a strong daily uptrend with established momentum, yet faces significant resistance at recent highs and conflicting signals on longer timeframes. On the daily chart, the price is above the 20-period and 50-period EMAs and SMAs, supported by a bullish Supertrend and an ADX of 38.13, indicating strong trend conviction. However, the stock is trading below its 200-period SMA, suggesting the long-term downtrend remains intact. The weekly timeframe shows a bearish Supertrend and weak trend strength (ADX 17.43), while the monthly structure is mixed with price below moving averages but above the Supertrend.

Participation spiked recently, with a +10.4% move on November 2 accompanied by extreme volume (ratio 18.19). Despite this, the stock closed down 1.0% on November 6 with high participation but no clear directional follow-through, signaling potential exhaustion near resistance levels at ₹39.05–₹39.55. The stock is positioned in the upper 83.7% of its 20-day range and upper 84.1% of its 50-day range, increasing vulnerability to pullbacks. Support lies near ₹39.03 and ₹38.63. A break above ₹39.64 could confirm further upside, while a sustained close below ₹38.63 would invalidate the short-term bullish structure.

- Daily Trend: Strong bullish setup (ADX 38.13) with price above key short-term averages, but below the 200-period SMA.
- Resistance & Range: Trading near multi-week highs; immediate resistance at ₹39.05–₹39.64, with support at ₹39.03–₹38.63.
- Momentum Conflict: Recent volume surge (+10.4% on Nov 2) followed by indecision (-1.0% on Nov 6); weekly trend remains weak/bearish.
- Risk Profile: High volatility (ATR 3.08%) and significant drawdown (-25.0% current); position in top 84% of 20/50-day ranges.

- Doji
- Harami
- Outside Bar

### News Context

Motherson Sumi Wiring India Ltd. reported strong operational results for the second quarter of FY27, driving a 13% surge in its share price on the BSE on November 2, 2026. The company posted a net profit of ₹223 crore, representing a 35% year-on-year increase, while revenue from operations surged 47% to ₹4,504 crore. Following these figures, at least 12 brokerages issued 'Buy' or 'Accumulate' ratings with price targets ranging from ₹42 to ₹60. Analysts cited improved margins, a higher share of electric vehicle (EV) revenue, and cost pass-through benefits as key drivers for upgrading their earnings estimates. For instance, Emkay Global Financial issued a 'Buy' recommendation with a target of ₹45, attributing the view to the company's operational performance and growth prospects in the auto wiring segment.

- Q2 FY27 Net Profit: ₹223 crore (up 35% YoY)
- Q2 FY27 Revenue: ₹4,504 crore (up 47% YoY)
- Market Reaction: Share price rallied 13% on November 2, 2026
- Analyst Sentiment: At least 12 brokers issued 'Buy/Accumulate' ratings; targets range from ₹42 to ₹60
- Key Drivers Cited: Improved margins, higher EV revenue share, and cost pass-through benefits

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Motherson Sumi Wiring India share price rallies 13% on strong Q2 results | Check target, upside | Stock Market News](https://www.livemint.com/market/stock-market-news/motherson-sumi-wiring-india-share-price-rallies-13-on-strong-q2-results-check-target-upside-11793604234861.html)
- [Buy Motherson Sumi Wiring India; target of Rs 45: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-motherson-sumi-wiring-india-target-of-rs-45-emkay-global-financial-14066279.html)
- [This auto ancillary stock soars 13% after Q2 PAT jumps 35% YoY. Do you own it?](https://economictimes.indiatimes.com/markets/stocks/news/this-auto-ancillary-stock-soars-13-after-q2-pat-jumps-35-yoy-do-you-own-it/articleshow/135445868.cms)
- [Motherson Sumi Wiring shares soar; 12 brokers say 'Buy' for up to 71% upside](https://www.businesstoday.in/markets/stocks/story/motherson-sumi-wiring-shares-soar-12-brokers-say-buy-for-up-to-71-upside-565029-2026-11-02)

### Official Filings

Motherson Sumi Wiring India Limited (MSUMI) reported unaudited financial results for Q2 and H1 FY2026-27, approved by the Board on October 30, 2026. The company posted strong top-line growth, with Q2 revenue rising 47% year-on-year to ₹3,407 crore, driven by higher customer volumes and new EV/ICE model wins. However, profitability metrics present a mixed picture: while the Board-approved filing shows a half-year profit after tax of ₹368.69 million, a separate newspaper publication filed on October 31, 2026, reports a net loss of ₹23.25 crore for Q2 and ₹211.79 crore for H1. Management cited premiumization and Greenfield plant ramp-ups as growth drivers but noted inflationary pressure from higher copper prices. Shareholding remains stable at 61.73% promoter-held as of September 30, 2026.

- Q2 FY27 revenue grew 47% YoY to ₹3,407 crore, supported by new EV/ICE model wins and Greenfield project utilization.
- Half-year profit after tax was reported as ₹368.69 million in the Board-approved filing, contrasting with a reported net loss of ₹211.79 crore in the subsequent newspaper publication.
- Management highlighted cost inflation from higher copper prices alongside volume-led revenue growth.
- Promoter holding remained steady at 61.73% as of September 30, 2026, with no changes disclosed in the latest shareholding pattern.

- [Motherson Sumi Wiring India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MSWIL_04112026125104_TranscriptQ2FY2627.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MSWIL_31102026124524_newspaperadmswil.pdf)
- [Motherson Sumi Wiring India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MSWIL_30102026164959_Results.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165534_Presentation.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165422_PressRelease.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750004_30102026050634_WEB.xml)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MSWIL_30102026210251_Analystcallrecording.pdf)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 61.73 | PUBLIC_VAL: 38.27 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739590_16102026122229_WEB.xml)
- [Financial Results |Meeting Date: 30-Oct-2026](https://nsearchives.nseindia.com/corporate/MSWIL_15102026102638_MSWILBoardMeetingIntimationQ2.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MSWIL_15102026130613_DisclosureCall.pdf)

### Fundamentals

Motherson Sumi Wiring India (MSUMI) is executing a high-growth phase, with TTM sales surging 36% to ₹13,683 crore and TTM net profit rising 12% to ₹685 crore. The most recent quarter (Sep 2026) demonstrated strong momentum, with quarterly sales jumping 47% YoY to ₹4,054 crore and net profit increasing 35% to ₹223 crore. However, earnings quality faces pressure from working capital dynamics; debtor days expanded significantly from 49 in Mar 2025 to 60 in Mar 2026, while inventory days also rose to 82 days. This expansion coincided with a sharp drop in cash conversion efficiency, where CFO/EBITDA fell from 100% in Mar 2024 to 56% in Mar 2025 before recovering to 92% in Mar 2026. Balance sheet leverage increased, with borrowings rising to ₹296 crore as of Sep 2026, and finance costs nearly doubling sequentially to ₹14.5 crore in Q2 FY2026-27. While promoter holding remains stable at ~61.7%, FIIs reduced their stake to 7.55%.

- Sales growth accelerates: TTM sales grew 36% and Sep 2026 quarterly sales surged 47% YoY, driving net profit to ₹223 crore.
- Working capital strain evident: Debtor days widened to 60 (from 49 in Mar 2025) and inventories rose to ₹1,900 crore, pressuring cash flow despite a recovery in CFO/EBITDA to 92%.
- Rising leverage and costs: Borrowings increased to ₹296 crore by Sep 2026, and sequential finance costs jumped to ₹14.5 crore in Q2 FY2026-27.
- Institutional shift: FIIs reduced holdings to 7.55% in Sep 2026, while DIIs increased to 18.31%; promoter stake remained steady at 61.72%.

### Bull Case

Motherson Sumi Wiring India demonstrated strong operational momentum in Q2 FY27, with revenue rising 47% year-on-year to ₹4,504 crore and net profit increasing 35% to ₹223 crore. This performance triggered a 13% share price rally and prompted at least 12 brokerages to issue 'Buy' or 'Accumulate' ratings, citing improved margins, higher electric vehicle (EV) revenue share, and cost pass-through benefits. Price targets from analysts range from ₹42 to ₹60, suggesting potential upside from the current trading level of approximately ₹39.05.

Technically, the daily trend is bullish, supported by an ADX of 38.13 and a Supertrend signal indicating upward momentum. The stock has gained 17.2% over the past month and 12.9% over the last 10 days, outperforming its longer-term negative trends. However, the weekly trend remains bearish, and the stock is down 20.2% year-to-date and 18.3% over the past year, reflecting significant volatility with a maximum drawdown of -36.8%. The constructive case relies on the sustainability of recent earnings growth and the transition toward EV-related wiring solutions, while investors should monitor the divergence between short-term technical strength and longer-term bearish pressure.

- Q2 FY27 revenue surged 47% YoY to ₹4,504 crore, with net profit up 35% to ₹223 crore, driving a 13% single-day price rally.
- At least 12 brokerages have issued 'Buy' or 'Accumulate' ratings, with price targets ranging from ₹42 to ₹60, highlighting confidence in margin improvement and EV revenue growth.
- Daily technical indicators are bullish (ADX 38.13, Supertrend bullish), with the stock gaining 17.2% over the past month despite a 20.2% YTD decline.
- Weekly trend remains bearish, and the stock faces resistance near ₹39.05–₹39.64, requiring sustained volume and price action to confirm a reversal of the longer-term downtrend.

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Motherson Sumi Wiring India share price rallies 13% on strong Q2 results | Check target, upside | Stock Market News](https://www.livemint.com/market/stock-market-news/motherson-sumi-wiring-india-share-price-rallies-13-on-strong-q2-results-check-target-upside-11793604234861.html)
- [Buy Motherson Sumi Wiring India; target of Rs 45: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-motherson-sumi-wiring-india-target-of-rs-45-emkay-global-financial-14066279.html)
- [This auto ancillary stock soars 13% after Q2 PAT jumps 35% YoY. Do you own it?](https://economictimes.indiatimes.com/markets/stocks/news/this-auto-ancillary-stock-soars-13-after-q2-pat-jumps-35-yoy-do-you-own-it/articleshow/135445868.cms)
- [Motherson Sumi Wiring shares soar; 12 brokers say 'Buy' for up to 71% upside](https://www.businesstoday.in/markets/stocks/story/motherson-sumi-wiring-shares-soar-12-brokers-say-buy-for-up-to-71-upside-565029-2026-11-02)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MSWIL_04112026125104_TranscriptQ2FY2627.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MSWIL_31102026124524_newspaperadmswil.pdf)
- [Motherson Sumi Wiring India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MSWIL_30102026164959_Results.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165534_Presentation.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165422_PressRelease.pdf)

### Bear Case

Motherson Sumi Wiring India faces significant headwinds despite recent operational improvements. The stock is in a pronounced downtrend, with a year-to-date return of -20.2% and a one-year return of -18.3%. Technical indicators show a bearish weekly supertrend and a current drawdown of -25%, with a maximum historical drawdown reaching -36.8%. High annualized volatility of 29.8% suggests elevated price instability. While brokerages have issued 'Buy' ratings following strong Q2 FY27 results (35% profit growth), the market has not sustained the momentum, as evidenced by a -1.0% return over the last day and a -4.8% decline over three months. Investors should monitor whether the stock can hold above the immediate support level of ₹38.63 or if further downside pressure emerges.

- Year-to-date performance is negative (-20.2%), with a current drawdown of -25% and high volatility (29.8%).
- Weekly technical trend is bearish, contrasting with daily bullish signals, indicating mixed short-term momentum.
- Recent 13% rally post-Q2 results has faded, with returns turning negative over the past month (-1.0%) and quarter (-4.8%).
- Support levels are closely tested at ₹38.63, with resistance overhead at ₹39.55 limiting upside potential.

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Motherson Sumi Wiring India share price rallies 13% on strong Q2 results | Check target, upside | Stock Market News](https://www.livemint.com/market/stock-market-news/motherson-sumi-wiring-india-share-price-rallies-13-on-strong-q2-results-check-target-upside-11793604234861.html)
- [Buy Motherson Sumi Wiring India; target of Rs 45: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-motherson-sumi-wiring-india-target-of-rs-45-emkay-global-financial-14066279.html)
- [This auto ancillary stock soars 13% after Q2 PAT jumps 35% YoY. Do you own it?](https://economictimes.indiatimes.com/markets/stocks/news/this-auto-ancillary-stock-soars-13-after-q2-pat-jumps-35-yoy-do-you-own-it/articleshow/135445868.cms)
- [Motherson Sumi Wiring shares soar; 12 brokers say 'Buy' for up to 71% upside](https://www.businesstoday.in/markets/stocks/story/motherson-sumi-wiring-shares-soar-12-brokers-say-buy-for-up-to-71-upside-565029-2026-11-02)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MSWIL_04112026125104_TranscriptQ2FY2627.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MSWIL_31102026124524_newspaperadmswil.pdf)
- [Motherson Sumi Wiring India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MSWIL_30102026164959_Results.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165534_Presentation.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165422_PressRelease.pdf)

### FAQs

**What were the key financial results for Motherson Sumi Wiring India in Q2 FY27?**

For the quarter ended September 30, 2026, the company reported a net profit of ₹223 crore, up 35% year-on-year, and revenue from operations of ₹4,504 crore, a 47% increase. Half-year revenue stood at ₹7,461 crore, up 42% year-on-year. Management attributed growth to higher customer volumes, increased content per vehicle, and new EV/ICE model wins.

**How have brokerages reacted to the recent performance?**

At least 12 brokerages have issued 'Buy' or 'Accumulate' ratings following the strong Q2FY27 operational beat. Price targets range from ₹42 to ₹60, with specific recommendations including Emkay Global's 'Buy' at ₹45. Analysts cited improved margins, higher electric vehicle revenue share, and cost pass-through benefits as drivers for upgrading earnings estimates.

**What are the current technical trends and price levels for MSUMI?**

As of November 6, 2026, the stock closed at ₹39.05. The daily trend is bullish with an ADX of 38.13, while the weekly trend remains bearish. Key resistance levels are near ₹39.55 and ₹40.04, with support at ₹38.63 and ₹38.02. The stock has gained +17.2% over the last month but remains down -20.2% year-to-date.

- [Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- [Motherson Sumi Wiring India share price rallies 13% on strong Q2 results | Check target, upside | Stock Market News](https://www.livemint.com/market/stock-market-news/motherson-sumi-wiring-india-share-price-rallies-13-on-strong-q2-results-check-target-upside-11793604234861.html)
- [Buy Motherson Sumi Wiring India; target of Rs 45: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-motherson-sumi-wiring-india-target-of-rs-45-emkay-global-financial-14066279.html)
- [This auto ancillary stock soars 13% after Q2 PAT jumps 35% YoY. Do you own it?](https://economictimes.indiatimes.com/markets/stocks/news/this-auto-ancillary-stock-soars-13-after-q2-pat-jumps-35-yoy-do-you-own-it/articleshow/135445868.cms)
- [Motherson Sumi Wiring shares soar; 12 brokers say 'Buy' for up to 71% upside](https://www.businesstoday.in/markets/stocks/story/motherson-sumi-wiring-shares-soar-12-brokers-say-buy-for-up-to-71-upside-565029-2026-11-02)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/MSWIL_04112026125104_TranscriptQ2FY2627.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/MSWIL_31102026124524_newspaperadmswil.pdf)
- [Motherson Sumi Wiring India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/MSWIL_30102026164959_Results.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165534_Presentation.pdf)
- [Motherson Sumi Wiring India Limited has informed the Exchange regarding a press release dated October 30, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165422_PressRelease.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹39.64
- Risk regime: Price Risk Requires Attention

### Support levels
- 39.05333333333333
- 37.91
- 37.093333333333334

### Resistance levels
- 39.549739583333334
- 40.655208333333334
- 42.117923177083334

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.96% |
| return_10 | +12.86% |
| return_1m | +17.23% |
| return_1y | -18.29% |
| return_20 | +18.44% |
| return_3m | -4.78% |
| return_5 | +11.13% |
| return_6m | -6.89% |
| return_since_start | -0.62% |
| return_ytd | -20.18% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -36.81% |
| annualized_volatility | +29.85% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Motherson Sumi Wiring India Limited FY2026-27 Q2: Revenue rises 19% sequentially

Standalone revenue from operations rose 19% quarter on quarter to ₹4,054 crore in Q2 FY2026-27 and was up 47% year on year. Profit before tax increased 53% sequentially to ₹299 crore, while profit for the period rose 54% to ₹223 crore.

## Revenue growth and profit acceleration

Revenue from operations increased from ₹3,407 crore in Q1 FY2026-27 to ₹4,054 crore in Q2. Expenses rose 16.7% sequentially to ₹3,756 crore, slower than revenue, while profit before exceptional items and tax increased from ₹195 crore to ₹299 crore. Profit before tax was also ₹299 crore in Q2.

Revenue has risen in each of the four reported quarters since Q3 FY2025-26: from ₹2,887 crore in Q3 to ₹3,335 crore in Q4, ₹3,407 crore in Q1 FY2026-27 and ₹4,054 crore in Q2. Compared with Q2 FY2025-26, revenue increased 47% and profit before tax rose 35%, from ₹221 crore.

## Finance costs, tax and earnings

Finance costs increased to ₹14.5 crore in Q2 from ₹8.1 crore in Q1 and ₹6.4 crore in Q2 FY2025-26. Tax expense rose 52% sequentially to ₹76 crore, compared with the 53% rise in profit before tax.

Profit for the period was ₹223 crore, up from ₹145 crore in Q1 and ₹165 crore in Q2 FY2025-26. Basic EPS increased to ₹0.34 from ₹0.22 in Q1 and ₹0.25 a year earlier.

## Balance-sheet positions

At 30 September 2026, inventories stood at ₹1,900 crore, up from ₹1,730 crore at 31 March 2026 and ₹1,461 crore at 30 September 2025. Trade receivables were ₹1,929 crore, compared with ₹1,884 crore and ₹1,449 crore at those respective dates. Trade payables were ₹1,996 crore and current liabilities totalled ₹2,497 crore at 30 September 2026.

Total assets were ₹4,893 crore at 30 September 2026, compared with ₹3,992 crore at 30 September 2025. Equity was ₹2,141 crore, versus ₹1,842 crore a year earlier.

## Key Takeaway

Q2 brought faster sequential revenue growth and a sharp increase in reported profit, with expenses growing more slowly than revenue. Higher finance costs and larger inventory and receivables balances are also notable alongside the stronger earnings.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +61.73%
- FII holding: +7.55%
- DII holding: +18.31%
- Mutual fund holding: +15.65%
- Retail holding: +9.10%
- Promoter pledged: +0.00%

### Major reported shareholders

- SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED — +33.43% (Bodies Corporate)
- SUMITOMO WIRING SYSTEMS LIMITED — +25.10% (Bodies Corporate)
- ICICI PRUDENTIAL RETIREMENT FUND-HYBRID CONSERVATI — +5.74%
- SBI NIFTY 500 INDEX FUND — +3.85%
- VIVEK CHAAND SEHGAL — +2.32%
- 360 ONE FLEXICAP FUND — +1.06%
- FRANKLIN INDIA DIVIDEND YIELD FUND — +1.06%
- CANARA ROBECO MUTUAL FUND A/C CANARA ROBECO BALANC — +1.02%
- GEETA SONI — +0.27%
- NILU MEHRA — +0.25%

## Official filings

- 2026-11-04 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_04112026125104_TranscriptQ2FY2627.pdf)
- 2026-10-31 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_31102026124524_newspaperadmswil.pdf)
- 2026-10-30 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_30102026164959_Results.pdf)
- 2026-10-30 — Earnings Presentation: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165534_Presentation.pdf)
- 2026-10-30 — Press Release: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_30102026165422_PressRelease.pdf)
- 2026-10-30 — Financial Results Filing: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1750004_30102026050634_WEB.xml)
- 2026-10-30 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_30102026210251_Analystcallrecording.pdf)
- 2026-10-16 — Shareholding Disclosure: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739590_16102026122229_WEB.xml)
- 2026-10-15 — Board Meeting Notice: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_15102026102638_MSWILBoardMeetingIntimationQ2.pdf)
- 2026-10-15 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_15102026130613_DisclosureCall.pdf)
- 2026-10-15 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20422_WebXMLFile_20261015_130320967.xml)
- 2026-10-14 — Board Meeting Notice: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20422_WebXMLFile_20261014_114957151.xml)
- 2026-10-14 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20422_WebXMLFile_20261014_114957151.xml)
- 2026-10-12 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_12102026150322_MSWILREG74.pdf)
- 2026-09-28 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_20422_WebXMLFile_20260928_182931629.xml)
- 2026-09-28 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_28092026183157_TradingWindowClosure.pdf)
- 2026-09-16 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_16092026174814_ESGRatingDisclosure.pdf)
- 2026-09-11 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20422_WebXMLFile_20260911_172010518.xml)
- 2026-09-11 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_11092026172650_MSWILSEDisclosure1892026.pdf)
- 2026-09-11 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_11092026172937_MSWILSEDisclosure1892026.pdf)
- 2026-09-07 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_07092026163739_MSWILSEDisclosure1092026.pdf)
- 2026-09-07 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20422_WebXMLFile_20260907_163521394.xml)
- 2026-09-03 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_03092026173352_ESGRatingDisclosure.pdf)
- 2026-08-31 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20422_WebXMLFile_20260831_175318589.xml)
- 2026-08-31 — Generic Announcement: Motherson Sumi Wiring India Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MSWIL_31082026180300_MSWILdisclosure08092026.pdf)

## News and market events

- 2026-11-03 — BUSINESSTODAY: **Engineers India, GAIL, Zensar, Motherson Sumi Wiring, Delhivery shares: Target prices** — Brokerages have issued rating updates for a dozen stocks, including Engineers India, GAIL, Zensar Technologies, Motherson Sumi Wiring, and Delhivery, following September quarter results. Analysts have upgraded Delhivery to 'Buy' with a target price of Rs 490 and Engineers India to 'Accumulate' at Rs 338, while downgrading Zensar Technologies to 'Add' with a target of Rs 614. — [Source](https://www.businesstoday.in/markets/stocks/story/engineers-india-gail-zensar-motherson-sumi-wiring-delhivery-shares-target-prices-565274-2026-11-03)
- 2026-11-02 — Mint: **Motherson Sumi Wiring India share price rallies 13% on strong Q2 results | Check target, upside | Stock Market News** — Motherson Sumi Wiring India reported a 35% year-on-year increase in net profit to ₹223 crore and a 47% surge in revenue to ₹4,504 crore for Q2 FY27, leading to a 13% rally in its share price. Brokerage firms Elara Securities and Ekay Global issued updated ratings and target prices following the results. — [Source](https://www.livemint.com/market/stock-market-news/motherson-sumi-wiring-india-share-price-rallies-13-on-strong-q2-results-check-target-upside-11793604234861.html)
- 2026-11-02 — MONEYCONTROL: **Buy Motherson Sumi Wiring India; target of Rs 45: Emkay Global Financial** — Emkay Global Financial has issued a 'Buy' recommendation for Motherson Sumi Wiring India with a price target of Rs 45. The report attributes this view to the company's operational performance and growth prospects in the auto wiring segment. — [Source](https://www.moneycontrol.com/news/business/earnings/buy-motherson-sumi-wiring-india-target-of-rs-45-emkay-global-financial-14066279.html)
- 2026-11-02 — Economic Times: **This auto ancillary stock soars 13% after Q2 PAT jumps 35% YoY. Do you own it?** — Motherson Sumi Wiring India Ltd. reported a 35% year-on-year increase in Q2 FY27 net profit to Rs 223 crore and a 47% rise in revenue from operations to Rs 4,504 crore, leading to a 13% surge in its share price on the BSE. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/this-auto-ancillary-stock-soars-13-after-q2-pat-jumps-35-yoy-do-you-own-it/articleshow/135445868.cms)
- 2026-11-02 — BUSINESSTODAY: **Motherson Sumi Wiring shares soar; 12 brokers say 'Buy' for up to 71% upside** — At least 12 brokerages have issued 'Buy' or 'Accumulate' ratings for Motherson Sumi Wiring India Ltd following a strong Q2FY27 operational beat, with price targets ranging from Rs 42 to Rs 60. Analysts cited improved margins, higher EV revenue share, and cost pass-through benefits as key drivers for upgrading their earnings estimates and outlook. — [Source](https://www.businesstoday.in/markets/stocks/story/motherson-sumi-wiring-shares-soar-12-brokers-say-buy-for-up-to-71-upside-565029-2026-11-02)
- 2026-10-30 — MONEYCONTROL: **Motherson Sumi Q2 results: Net profit rises 35% to Rs 223 crore on strong auto-part demand** — Motherson Sumi Wiring reported a 35% year-on-year increase in net profit to Rs 223 crore for the quarter ended September, driven by strong auto-part demand and increased production capacity among Indian automakers. — [Source](https://www.moneycontrol.com/news/business/earnings/motherson-sumi-q2-results-net-profit-rises-35-to-rs-223-crore-on-strong-auto-part-demand-14064699.html)
- 2026-10-18 — Mint: **Top 3 stocks to buy under  ₹100: IRFC, Motherson Sumi, Lloyds Engineering Works by Sumeet Bagadia | Target price, SL** — Stock market outlook: Sumeet Bagadia of Choice Broking believes the Indian stock market bias has improved and buying at lower levels is visible — [Source](https://www.livemint.com/market/stock-market-news/top-3-stocks-to-buy-under-rs-100-irfc-motherson-sumi-lloyds-engineering-works-by-sumeet-bagadia-target-price-sl-11792255051961.html)
- 2026-08-26 — BUSINESS: **Volumes jump at Phoenix Mills Ltd counter** — Phoenix Mills Ltd saw volume of 1.28 lakh shares by 10:45 IST on BSE, a 16.81 fold spurt over two-week average daily volume of 7623 shares — [Source](https://www.business-standard.com/markets/capital-market-news/volumes-jump-at-phoenix-mills-ltd-counter-126082600292_1.html)
- 2026-08-05 — CNBC-TV18: **Q1 Results LIVE Updates: Snowman Logistics net profit rises 79%; Omnitech EBITDA up 91%** — Q1 Results LIVE Updates: Power Grid, Biocon, Aurobindo Pharma, Berger Paints, Allcargo Logistics, Aster DM, Bayer Corp, Bikaji, Cummins India, Datamatics, eClerx, GMM Pfaudler, GNFC, Godrej Agrovet, GE Vernova, JK Lakshmi Cement, Navin Fluorine, PB Fintech, Shree Renuka Sugar, Shilpa Medicare, Snowman Logistics, Whirlpool of India, are among the companies reporting their first quarter earnings today. Earnings reactions also come from stocks like BSE, MCX, ONGC, Bharti Airtel, Marico, Nykaa and many others. Watch this space for all the LIVE result updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-ongc-marico-nykaa-aurobindo-biocon-cummins-ge-vernova-pb-fintech-gnfc-whirlpool-berger-bse-mcx-share-price-liveblog-19961894.htm)
- 2026-08-05 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty slips below 24,600 yet again; market remains volatile** — Sensex Today | Stock Market Live Updates: The markets are moving on shaky ground. The Nifty contrary to indications, is trading flat, trading around 24,600. The Nifty Bank is also relatively flat with a negative bias and is below 57,900. Apollo Hospital, SBI Life and Nestle are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-rbi-policy-today-cas-ongc-lombard-auto-nbfcs-realty-bharti-nykaa-share-price-liveblog-19961862.htm)
- 2026-08-04 — CNBC-TV18: **Q1 Results LIVE Updates: Saregama net profit rises 41%; Symphony EBITDA up 28%** — Q1 Results LIVE Updates: Two Nifty 50 companies Bharti Airtel, ONGC and Ajmera Realty, Alembic Pharma, BSE, Bharti Hexacom, Castrol, Godrej Properties, Greaves Cotton, Kalyan Jewellers, Marico, MCX, Nykaa, Metro Brands, NHPC, Motherson Sumi Wiring, Pidilite, Protean e-GOV, Keystone Realtors, RITES, Saregama, Safari Industries, Sanofi India, Tata Investment, Symphony, United Breweries, Uno Minda, VRL Logistics, Zydus Wellness, Welspun Enterprises, Wonderla Holidays, Prince Pipes, Metropolis Healthcare, CE InfoSystems, are among the other companies reporting their numbers today. Earnings reactions also come from stocks like DLF, IREDA, Torrent Power, and other such names. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bharti-airtel-hexacom-ongc-dlf-sbi-funds-ireda-bse-mcx-kalyan-gcpl-marico-nykaa-pidilite-share-price-liveblog-19960965.htm)
- 2026-08-04 — CNBC-TV18: **Motherson Sumi Wiring Q1 Results: Stock falls over 4% after margins contract despite strong revenue growth** — Motherson Sumi Wiring earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 5.7% to ₹258.25 crore from ₹244.25 crore in the previous year. However, its margins contracted to 7.6% from 9.8% in the year-ago period. — [Source](https://www.cnbctv18.com/market/motherson-sumi-wiring-q1-results-margin-contraction-revenue-ebitda-wage-revision-input-costs-19961208.htm)

## Business profile

**Strategic vision:** Provides integrated electrical and electronic distribution systems for vehicles.

### Business segments
- **Wiring Harness Solutions:** Designs, develops, manufactures, assembles, and delivers integrated electrical and electronic distribution systems for power supply and data transfer in road vehicles.

### Competitive strengths
- Supplies wiring harnesses for all types of road vehicles manufactured in India.
- Maintains a strong orientation towards research and innovation in vehicle electronics.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/msumi
Markdown representation: https://faxioms.com/stocks/msumi?render=md