ET Prime Special Series: Multibagger or IBC - Part 24. History on its side, will demerger unlock value for this company?
Published on: Sept. 18, 2025, 8:30 a.m. | Source: The Economic Times
In the auto ancillary universe, staying relevant in the EV era requires more than legacy strength. This company, with operations in India since 1923, continues to anchor its business on products that retain their place in EVs. Its FY25 sales were spread across automotive, industrial, and exports, with localisation helping insulate supply chains. A planned corporate restructuring will carve out two independent arms, automotive and industrial. On the financial front, revenues have more than doubled since FY10, PAT has tripled, debt has been eliminated, and reserves have swelled. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
