Samvardhana Motherson Delays HR Dhauliganga Stake Closing to Q4 FY27

Stake Acquisition Update: 28.15% stake in HR Dhauliganga Pvt Ltd now expected in Q4 FY27 (earlier Q1 FY27). Reason for Delay: Pending conditions precedent including regulatory approvals and documentation. Strategic Purpose: Ensures compliance with captive power generation regulations. Financial Ratios Snapshot: Revenue growth ~18–20% YoY EBITDA margin ~10–11% Net profit margin ~4–5% Debt-to-equity ~0.6–0.7 ROCE ~12–13% Risk Factors: Regulatory delays in captive power compliance Global auto demand cycles & geopolitical exposure Raw material price volatility (copper, aluminum, plastics) Currency fluctuations impacting overseas revenues ESG & sustainability pressures requiring higher capex