Motherson Sumi Wiring Share Price Rallies Up to 13% After Q2 Results: Profit Up 35% to Rs 223 Crore, Revenue Jumps 47%, Emkay Sets Rs 45 Target, but Margins Slip
- November 2, 2026
- Posted by: Ankit Jaiswal
- Category: Results
Motherson Sumi Wiring Rs 38.86 (3:25 PM, 2 Nov), up 10.59%, high Rs 39.90. Q2 profit Rs 223.37 cr, up 35%. Revenue Rs 4,053.83 cr, up 47%. Emkay target Rs 45.
Quick Answer
Motherson Sumi Wiring share price rose as much as 13.5% to Rs 39.90 on 2 November 2026 after Q2 FY27 profit rose 35% to Rs 223.37 crore and revenue grew 47% to Rs 4,053.83 crore. Emkay Global has a target of Rs 45. At 3:25 PM IST the stock was at Rs 38.86, up 10.59%, on about 17.7 crore shares, although EBITDA margin slipped to about 9.2% from 10.2%.
Motherson Sumi Wiring share price jumped as much as 13.5% on Monday, 2 November 2026, after the auto component maker reported a strong September quarter. Profit grew 35%, revenue grew 47% and Emkay Global reiterated a Rs 45 target. This Motherson Sumi Wiring Q2 results analysis explains the numbers, why revenue grew faster than profit, how the stock is valued and what could go wrong.
Prices are as of 3:25 PM IST on 2 November 2026. Financials are from the company’s Q2 FY27 results and investor presentation.
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Motherson Sumi Wiring Share Price Today: Key Data
| Metric | Value |
|---|---|
| Price (NSE, 3:25 PM IST) | Rs 38.86, up Rs 3.72 (+10.59%) |
| Open, day's high and low | Rs 38.00, Rs 39.90 and Rs 37.61 |
| Previous close (30 October) | Rs 35.14 |
| Volume (NSE) | About 17.7 crore shares |
| Market cap | About Rs 23,330 crore |
| P/E ratio (industry P/E) | 37.03 (42.53) |
| P/B ratio / Return on equity | 10.79 / 32.02% |
| Debt to equity / Dividend yield | 0.14 / 1.65% |
Source: NSE and BSE data and company filings.
Motherson Sumi Wiring Q2 Results: The Numbers
| Q2 FY27 metric | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Net profit | Rs 223.37 crore | Rs 165.34 crore | Up 35% |
| Revenue from operations | Rs 4,053.83 crore | Rs 2,761.86 crore | Up 47% |
| EBITDA | About Rs 374 crore | About Rs 279 crore | Up 34% |
| EBITDA margin | About 9.2% | About 10.2% | Lower |
| EV share of revenue | 10% | Not stated | Rising |
| H1 FY27 revenue | Rs 7,461.09 crore | Rs 5,255.89 crore | Up 42% |
Source: Motherson Sumi Wiring India Q2 FY27 results as reported by Autocar Professional, Investywise, Multibagg and Whalesbook. On a quarter-on-quarter basis, profit rose 54% from Rs 145.32 crore and revenue rose 19% from Rs 3,407.26 crore.
Why Did Revenue Grow Faster Than Profit?
Revenue grew 47% while profit grew 35% because the EBITDA margin fell to about 9.2% from 10.2%, with reports pointing to copper inflation and the ramp-up of new plants. On the Motherson Sumi Wiring Q2 results, management and brokerages link the revenue surge to higher content per vehicle, premiumisation, new model wins, greenfield ramp-up of new plants and demand across both electric and ICE platforms. The EV share of revenue was 10% in the quarter.
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Motherson Sumi Wiring Target Price: What Brokerages Say
Emkay Global maintained a positive stance with a Motherson Sumi Wiring target price of Rs 45, about 16% above today’s Rs 38.86, highlighting operational gains from new production plants that serve customers such as Maruti Suzuki India. As a wiring harness maker, the company plans capital spending of about Rs 200 crore in FY27 and expects wiring content per vehicle to rise with zonal architecture. Targets are opinions and change often.
Valuation and Risks
On the Motherson Sumi Wiring share price, at a P/E of 37, below the industry’s 42.5, and a return on equity of 32%, the valuation looks reasonable for the growth shown, but a price to book of 10.79 is high because book value is small at Rs 3.26 per share. Risks include raw material costs, especially copper, pass-through delays with customers, dependence on a few automakers and an auto cycle that can turn. A 10% to 13% one-day gain also invites profit-taking.
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Conclusion
Motherson Sumi Wiring share price jumped up to 13.5% after 47% revenue growth and 35% profit growth, with Emkay at Rs 45. The margin slip to about 9.2% and a sharp one-day gain call for patience. Watch margins, copper costs and the greenfield ramp-up in the next quarter.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Motherson Sumi Wiring Share Price
What is the Motherson Sumi Wiring share price today?
Ans. Motherson Sumi Wiring traded at Rs 38.86 on the NSE at 3:25 PM IST on 2 November 2026, up Rs 3.72 or 10.59% from Rs 35.14. It opened at Rs 38, touched a high of Rs 39.90 and a low of Rs 37.61, on volume of about 17.7 crore shares. The market cap is about Rs 23,330 crore.
Why did Motherson Sumi Wiring shares jump today?
Ans. The shares jumped after Q2 FY27 results showed net profit up 35% to Rs 223.37 crore and revenue up 47% to Rs 4,053.83 crore. Profit rose 54% from the previous quarter. Emkay Global reiterated a positive view with a target of Rs 45, and higher content per vehicle and new plants drove growth.
What were Motherson Sumi Wiring's Q2 FY27 results?
Ans. Net profit was Rs 223.37 crore against Rs 165.34 crore, revenue from operations was Rs 4,053.83 crore against Rs 2,761.86 crore, and EBITDA was about Rs 374 crore, up 34%. EBITDA margin was about 9.2%, lower than 10.2% a year earlier. H1 FY27 revenue was Rs 7,461.09 crore, up 42%.
What is the Motherson Sumi Wiring target price?
Ans. Emkay Global has a positive view with a target price of Rs 45, about 16% above Rs 38.86. Other brokerages may have different targets, and targets are revised after results. Check recent research notes and the company's disclosures before relying on a target.
Why did the EBITDA margin fall?
Ans. The EBITDA margin slipped to about 9.2% from 10.2% a year earlier, with copper inflation and the cost of ramping up greenfield plants cited as pressures. Revenue grew faster than profit as a result. Management manages cost pressure through negotiations with automakers, so watch how quickly costs are passed through.
How much of Motherson Sumi Wiring's revenue comes from EVs?
Ans. Electric vehicles accounted for about 10% of revenue in Q2 FY27 and about 9.3% in H1 FY27. The company supplies wiring harnesses for both EV and ICE platforms, and says higher content per vehicle and zonal architecture should support growth. The EV share can change with customer programmes.
Is Motherson Sumi Wiring overvalued?
Ans. It trades at a P/E of 37 against an industry P/E of 42.5, with a return on equity of 32% and a dividend yield of 1.65%. The price to book of 10.79 is high because book value is small. Valuation looks reasonable if growth and margins hold, but a miss would hit the stock.
Should I buy Motherson Sumi Wiring after the rally?
Ans. After a 10% to 13% single-day rise, short-term profit-taking is possible. Long-term investors often stagger purchases and watch margins and copper costs. Review the valuation, your time horizon and risk limits first. This is not investment advice, so consult a SEBI-registered advisor.
