Samvardhana Motherson Aerospace Orders Surge 20% to $1.6 Billion; Acquisitions on Track
Samvardhana Motherson's aerospace orders surged over 20% to $1.6 billion, providing five to eight years of revenue visibility, with management eyeing further inorganic growth. The Yutaka Giken acquisition is on track to close by end of H1 FY27, while the Nexans deal is expected by late June or early July. Jefferies and CLSA maintain Buy and Outperform ratings with target prices of ₹160 and ₹173, projecting 26% EPS CAGR and 13% organic growth CAGR over FY26–28, respectively.
European Union Clears Nexans Autoelectric-Motherson Global Acquisition Deal
The European Union has approved the acquisition deal between Nexans Autoelectric and Motherson Global, a subsidiary of Samvardhana Motherson International. This regulatory clearance represents a significant milestone, allowing the companies to proceed with their planned business combination in the automotive components sector.