Motilal Oswal's research report on Motherson Wiring
2QFY23 performance was adversely impacted by one-time costs incurred for new plants. While the new plants will weigh on near-term performance, strong demand is expected to drive strong revenue/PAT growth from FY24 onwards. We lower our FY23E EPS by 16% to factor in for the one-off/transitory costs, but maintain our FY24 EPS estimates as new plants ramp up.
Outlook
We reiterate our Buy rating with a TP of ~INR105 (~35x Dec-24 EPS).
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.