Bigger the base, Bigger the target. H&S negated.
Disclosure: Invested. Position increased
Disclosure: Invested. Position increased
Comment:
Auto components is expected to grow 15% cagr by 2026. Ventured into EV space thro' acquisition of EMFi to deliver cost-effective and reliable electric motors and controllers for green mobility applications.
However, seemed very confident to comfortably maintain and further grow at better pace than last 3 years(18-20% CAGR)
Expects further margin improvement even from here
Steady and gradual improvement is what they expect
Growth vs industry growth rate should be way higher due to process and operational efficiency
Looking for more acquisitions in powertrain tech agnostic areas
75% capacity utilisation now
Can go upto 100%
Demand has been good and steady for now
New piece of land acquired in Coimbatore
Will continue to conduct regular concalls from here
Overall tone was very very confident and bullish