The company has over 6 decades of experience in auto components manufacturing • Business is diversified across Two Wheelers, PVs, CVs Off-Highway and Farm Equipments • Also supplies to Major EV OEM’s globally • Has diversified Product Portfolio – Gasket & Heat Shields, Forgings, Suspension Systems, Anti-vibration Products & Hoses
Key Financials: • Total Revenue for latest quarter increased ~18% YoY • Net Profit for latest quarter increased by >34% YoY • TTM Net Profit margin increased from ~16% to ~17%
Red Flag Check: • Promoter holding is decent at almost ~58% • Debt:Equity is good at about 0.27 with sufficient interest coverage of ~7x • Stock is not in any of the exchange surveillance lists
Key Technicals: • Price is in a steady uptrend and has broken out of a cup and handle formation with heavy volumes • Strong relative strength compared to benchmark index • Price is nearing its all-time high zone
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