Motherson Sumi Wiring India Share Price Target 2026 to 2030

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Motherson Sumi Wiring India Limited (MSWIL) is a leading manufacturer of automotive wiring harnesses in India, formed in 2021 as a demerged entity from Samvardhana Motherson International. A joint venture between the Motherson Group and Japan’s Sumitomo Wiring Systems, MSWIL supplies to major Indian OEMs like Maruti Suzuki, Tata Motors, Mahindra & Mahindra, and Hyundai. With over 40% market share in India’s wiring harness segment, the company benefits from rising vehicle production, electrification trends, and localisation under the PLI scheme. As of January 2026, MSWIL maintains a near-debt-free balance sheet, an industry-leading ROCE, and strong promoter backing—but faces short-term headwinds from margin pressure and auto-sector volatility. This article provides a data-driven outlook on the Motherson Sumi Wiring share price target 2026–2030.

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Motherson Sumi Wiring India: Company Overview

  • Founded: 2021 (as a demerged entity)
  • Managing Director: Mr V.C. Sehgal
  • NSE Symbol: MSUMI
  • Core Business: Automotive wiring harnesses (95%), EV components (5%)
  • Market Position: #1 wiring harness supplier in India; key partner to top OEMs

MSWIL operates 18 manufacturing facilities across India and is expanding into EV-specific harnesses for high-voltage systems—a strategic growth vector.

Motherson Sumi Wiring India: Key Financial Snapshot

MetricValue
Current Share Price₹44.70
Market Capitalization₹29,676.69 Cr
No. of Shares Outstanding663.17 Cr
P/E Ratio (TTM)48.38
P/B Ratio16.11
EPS (TTM)₹0.92
Book Value (TTM)₹2.78
ROE35.90%
ROCE48.93%
Dividend Yield1.27%
Face Value₹1
Cash₹237.50 Cr
Debt₹9.50 Cr
Promoter Holding61.73%
Sales Growth (YoY)11.91%
Profit Growth (YoY)–5.08%

Note on Negative Profit Growth: FY2025 saw a 5.08% YoY profit decline due to raw material inflation (copper, plastics) and pricing pressure from OEMs—not loss of business.

Motherson Sumi Wiring Share Price Target Forecast (2026–2030)

YearTarget Price Range (₹)
2026₹48 – ₹54
2027₹52 – ₹60
2028₹56 – ₹68
2029₹60 – ₹77
2030₹64 – ₹87

Motherson Sumi Wiring Share Price Target 2026

YearShare Price Target 1Share Price Target 2
2026₹48₹54

MSWIL reported 11.91% sales growth but 5.08% profit decline in FY2025 due to input cost pressures. However, its ROCE of 48.93% and zero net debt reflect exceptional capital efficiency. Trading at a P/E of 48.38x and P/B of 16.11x, the stock commands a premium for its niche leadership. A 2026 target range assumes margin stabilisation and EV order ramp-up.

Motherson Sumi Wiring Share Price Target 2027

YearShare Price Target 1Share Price Target 2
2027₹52₹60

If the company sustains 12–15% revenue growth and benefits from EV wiring contracts, EPS could reach ₹1.00–₹1.08 by FY27. Assuming a P/E of 48–50x, the 2027 target range is justified.

Motherson Sumi Wiring Share Price Target 2028

YearShare Price Target 1Share Price Target 2
2028₹56₹68

By 2028, benefits from EV platform diversification and export expansion should reflect in margins. A P/E of 50–52x on projected EPS of ₹1.08–₹1.16 supports the ₹56–₹68 band.

Motherson Sumi Wiring Share Price Target 2029

YearShare Price Target 1Share Price Target 2
2029₹60₹77

Long-term tailwinds include India’s EV push (target: 30% penetration by 2030) and wiring complexity in ADAS-enabled vehicles. If competition doesn’t erode pricing, EPS could reach ₹1.15–₹1.25 by FY29. At a P/E of 50–53x, the 2029 target is ₹60–₹77.

Motherson Sumi Wiring Share Price Target 2030

YearShare Price Target 1Share Price Target 2
2030₹64₹87

Over a five-year horizon, MSWIL remains a high-quality auto component compounder. A terminal P/E of 52–55x on FY30 EPS (~₹1.20–₹1.35) justifies the ₹64–₹87 range.

Motherson Sumi Wiring India: Shareholding Pattern

CategoryHolding (%)
Promoters (Motherson + Sumitomo)61.73%
Domestic Institutional Investors (DII)17.19%
Foreign Institutional Investors (FII)10.14%
Public & Others10.94%

High promoter holding ensures strategic alignment. Strong institutional ownership (27.33%) reflects analyst coverage.

Motherson Sumi Wiring India: Strengths vs Risks

Strengths:

  • Near-zero debt (Net Debt/Equity: 0.005)
  • Industry-leading ROCE (48.93%) and ROE (35.90%)
  • Monopoly-like position in the Indian wiring harness market
  • Strategic pivot to EV and ADAS wiring

Risks:

  • High P/E leaves little room for execution misses
  • Exposure to copper price volatility
  • Intense OEM pricing pressure
  • Contingent liabilities of ₹1,200 Cr require monitoring

Investment Suitability

FactorAssessment
Risk ProfileModerate to High
Ideal Time Horizon5+ years
VolatilityHigher than market average (Beta: 1.4)
Dividend/Income PotentialModerate (1.27% yield)
Best ForGrowth investors seeking exposure to India’s auto and EV component story
Yes—for long-term portfolios focused on auto-component leadership and the electric vehicle transition. It may not suit investors seeking low valuations or high dividend yields.
Based on current fundamentals and growth visibility, the estimated Motherson Sumi Wiring share price target for 2030 is ₹64 – ₹87.
The outlook is positive. As vehicles become increasingly electronic and EV adoption accelerates, wiring harness complexity and value per vehicle will rise. Motherson Sumi Wiring is well-positioned to benefit from this structural trend.
The stock corrected due to:
  • Margin pressure from higher copper prices
  • Short-term profit decline of about 5.08%
  • Broader rotation within the auto sector
Despite this, demand remains healthy, with sales growing approximately 11.91%.
This is not covered in the current analysis. Suzlon operates in the renewable energy sector and has fundamentally different risk drivers compared to auto-component companies.
Projections for 2050 are beyond a reasonable forecasting horizon. Long-term outcomes are highly speculative due to uncertainties around energy transition, regulation, and technology shifts.

Final Verdict

Motherson Sumi Wiring India is a world-class auto component manufacturer with unmatched returns and strategic relevance to India’s EV journey. While not cheap, its premium valuation is backed by sustainable competitive advantages.

Our Motherson Sumi Wiring share price target 2026–2030 (₹48 to ₹87) reflects steady earnings growth, multiple stability, and sustained investor confidence. Upside is substantial if EV monetisation accelerates; downside is cushioned by zero debt and market leadership.

Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.

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