Samvardhana Motherson International Limited (formerly Motherson Sumi Systems) is a leading global automotive component manufacturer and one of India’s largest auto ancillary companies. Headquartered in Noida and part of the Motherson Group, the company supplies wiring harnesses, polymer products, modules, and engineering solutions to major OEMs like Volkswagen, BMW, Mercedes-Benz, Tesla, and Tata Motors across 41 countries. As of January 2026, MOTHERSON is delivering strong top-line growth—12.61% sales growth and 67.07% profit growth—but trades at a premium valuation with modest returns on equity (ROE: 4.54%) and capital (ROCE: 5.41%). This article provides a data-driven outlook on the MOTHERSON share price target 2026–2030.
Samvardhana Motherson: Company Overview
- Founded: 1986
- Chairman: Mr. V.C. Sehgal
- NSE Symbol: MOTHERSON
- Core Segments:
- Wiring Harnesses (45%)
- Polymer Products & Modules (35%)
- Engineering & R&D Services (20%)
- Market Position: Among the top 3 global suppliers of automotive wiring harnesses; operates 140+ plants in 41 countries
MOTHERSON benefits from strong global OEM relationships, vertical integration, and exposure to EV manufacturing—but faces margin pressure due to raw material volatility and high working capital needs.
MOTHERSON: Key Financial Snapshot
| Metric | Value |
|---|---|
| Current Share Price | ₹108.40 |
| Market Capitalization | ₹1,14,462.93 Cr |
| No. of Shares Outstanding | 1,055.44 Cr |
| P/E Ratio (TTM) | 61.74 |
| P/B Ratio | 2.99 |
| EPS (TTM) | ₹1.76 |
| Book Value (TTM) | ₹36.23 |
| ROE | 4.54% |
| ROCE | 5.41% |
| Dividend Yield | 0.52% |
| Face Value | ₹1 |
| Cash | ₹485.90 Cr |
| Debt | ₹4,774.30 Cr |
| Promoter Holding | 48.60% |
| Sales Growth (YoY) | 12.61% |
| Profit Growth (YoY) | 67.07% |
Note on Performance: Despite 67% YoY profit growth, ROE remains low at 4.54%, indicating inefficient use of equity. The P/E of 61.7x reflects market optimism but leaves little margin for execution misses.
MOTHERSON Share Price Target Forecast (2026–2030)
| Year | Target Price Range (₹) |
|---|---|
| 2026 | ₹118 – ₹132 |
| 2027 | ₹128 – ₹148 |
| 2028 | ₹138 – ₹166 |
| 2029 | ₹148 – ₹186 |
| 2030 | ₹158 – ₹210 |
MOTHERSON Share Price Target 2026
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2026 | ₹118 | ₹132 |
MOTHERSON reported 67.07% YoY profit growth and 12.61% sales growth in FY2025, driven by strong European and North American demand and EV content ramp-up. However, with ROE of just 4.54% and high working capital days, the stock trades on hope rather than efficiency. The 2026 target assumes continued revenue momentum and no major supply chain disruptions.
MOTHERSON Share Price Target 2027
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2027 | ₹128 | ₹148 |
If the company sustains 15–18% earnings growth and improves working capital management, EPS could reach ₹2.00–₹2.10 by FY27. Assuming a P/E of 62–64x, the 2027 target range is justified.
MOTHERSON Share Price Target 2028
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2028 | ₹138 | ₹166 |
By 2028, benefits from EV platform wins (e.g., Tesla, BMW i-series) and localization in Mexico and Eastern Europe should reflect in margins. A P/E of 63–65x on projected EPS of ₹2.15–₹2.30 supports the ₹138–₹166 band.
MOTHERSON Share Price Target 2029
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2029 | ₹148 | ₹186 |
Long-term tailwinds include global EV adoption, wiring complexity in ADAS-enabled vehicles, and expansion into battery enclosures. If competition doesn’t erode pricing, EPS could reach ₹2.30–₹2.50 by FY29. At a P/E of 64–66x, the 2029 target is ₹148–₹186.
MOTHERSON Share Price Target 2030
| Year | Share Price Target 1 | Share Price Target 2 |
|---|---|---|
| 2030 | ₹158 | ₹210 |
Over a five-year horizon, MOTHERSON remains a growth-at-a-premium story. A terminal P/E of 65–68x on FY30 EPS (~₹2.40–₹2.70) justifies the ₹158–₹210 range.
MOTHERSON: Shareholding Pattern
| Category | Holding (%) |
|---|---|
| Promoters | 48.60% |
| Domestic Institutional Investors (DII) | 21.61% |
| Public & Retail | 18.04% |
| Foreign Institutional Investors (FII) | 11.75% |
High promoter holding ensures strategic continuity. Strong DII interest reflects confidence in operational scale.
MOTHERSON: Strengths vs Risks
Strengths:
- Global leader in automotive wiring harnesses
- Strong presence in EV and luxury vehicle segments
- Revenue visibility from long-term OEM contracts
- Expanding footprint in Mexico, the USA, and Europe
Risks:
- Low ROE (4.54%) limits capital efficiency
- High P/E (61.7x) offers no margin of safety
- Working capital intensity (inventory + debtor days > 200)
- Raw material (copper, plastic) price volatility
Investment Suitability
| Factor | Assessment |
|---|---|
| Risk Profile | High |
| Ideal Time Horizon | 5+ years |
| Volatility | Higher than market average |
| Dividend/Income Potential | Low (0.52% yield) |
| Best For | Aggressive investors seeking global auto exposure |
- Automotive wiring harnesses
- Polymer parts and interior components
- Modules and systems for global OEMs
- Profit-taking after a strong rally
- Concerns over relatively low ROE despite a premium valuation
- Higher copper costs impacting operating margins
- Weak free cash flow due to working capital strain
Final Verdict
Samvardhana Motherson is a global-scale auto component player with unmatched OEM access—but its low returns and rich valuation make it a speculative bet, not a compounder.
Our MOTHERSON share price target 2026–2030 (₹118 to ₹210) reflects cautious optimism—rooted in revenue growth but tempered by poor capital efficiency. Upside is substantial if EV content ramps up; downside is steep if margins compress.
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.
Sources
- Screener.in – MOTHERSON Consolidated Page (FY2025 + TTM)
- Finology Ticker – MOTHERSON Financials & Analysis
- Motherson Group Investor Presentation (Q3 FY26, Jan 2026)
- S&P Global Auto Supply Chain Report 2025
