Whalesbook
Ab suno MSUMI ki kahani. Unka revenue na, expectations ko 10% se todte hue, zabardast nikla. Ye sab industry ki strong demand aur company ne jo projects time pe finish kiye, uski wajah se hua. Company ka trailing twelve-month revenue ab INR 106.01 billion hai aur net income ₹6.23 billion.
Par sab kuch itna smooth nahi tha. Margins thoda dab gaye, matlab analyst ke estimate se lagbhag 110 basis points neeche. Iska main reason hai copper ka badhta hua rate, jisse margin par ~250 basis points ka impact pada. Plus, naye plants jo start hue hain, unka bhi shuruati kharcha tha.
Is news ke baad, April 29, 2026 ko stock bhi 4% tak gir gaya tha. Share ₹41.72 se ₹38.54 tak pahunch gaya tha, aur volume bhi kaafi tezi se hua. Lagta hai investors ne growth aur pressure dono ko analyze kiya.
Valuation ki baat karein toh, MSUMI ka P/E ratio 41.6 se 43.78 ke beech hai, jo sector ke average 41.22 ke aas paas hi hai. Matlab, valuation abhi bhi reasonable lag raha hai.
Ab aate hain future pe. Long term ke liye MSUMI ka game bahut strong hai. Vehicle premiumization aur Electric Vehicles (EVs) ka badhta craze unke liye faydemand hai. EVs ko normal gaadiyon se zyada copper lagta hai, aur MSUMI ki wiring harness toh unka core product hai. Indian EV component market 2034 tak USD 18.6 billion ka ho jayega, aur hybrid market toh har saal 35% se grow kar raha hai!
Lekin abhi filhaal copper prices kaafi high hain, jiska seedha asar margins par pad raha hai. Company ke liye bada challenge yeh hai ki woh yeh badhte kharch ko OEMs (jo gaadiyan banate hain) par kitna pass on kar paate hain. Naye plants ka sahi se start hona bhi zaroori hai taaki profitability maintain rahe.
Phir bhi, analysts MSUMI par abhi bhi bullish hain. ICICI Direct ne apna 'Buy' rating aur target price ₹50 maintain rakha hai. Baaki experts ka bhi average target price ₹50.77 ke aas paas hai, matlab abhi bhi stock mein 20% tak ka upside mil sakta hai.