MSUMI produces wiring harness and its components, inter alia, connectors, terminals, housing junction box. Broadly, the company benefits from the same mega trend in 4-wheelers as Pricol does in 2-wheelers. Consumers are increasingly looking for advanced safety features, connectivity, and infotainment systems, especially in the passenger-car segment. Therefore, automotive manufacturers are building complex electronic and electrical parts into their vehicles, such as sensors, cameras, and displays. Use of alternative fuels, premiumization and electric mobility – all benefit MSUMI.

Some highlights from the Annual Report which give an insight into the nature of this business:

1. We produce cutting edge electrical and electronic distribution systems for power supply and data transfer across various vehicle types. We also supply BMS and other critical components.

2. Both EVs and hybrids require specialized wiring harnesses capable of handling high voltages and currents.

3. We are investing in research and development to expand our expertise in high-voltage wiring harness technology and related components.

4. We are developing complex, high-voltage wiring harnesses and connectors, lightweight materials, and architectures optimised for EV powertrains and battery management systems. Last year, we set up a new, state-of-the-art manufacturing line for EVs and high-voltage wiring harnesses to better support our customers in this area. The company has very recently designed, developed, and localized high-voltage (400v and 800v) wiring harness for EVs as well as complex integrated systems required for mild to strong hybrid vehicles. Further there is a significant content increase from ICE to EV/Hybrid vehicles due to the change in components required and complexity of wiring harness

5. We have launched a new product line for special purpose harnesses, which are essential for connecting advanced technologies within modern vehicles. These harnesses seamlessly integrate high-speed cameras, SMART antennas, and various displays in the vehicle cockpit. Additionally, the product range includes cable assemblies engineered for automotive ethernet, safety, and multimedia applications, ensuring high-speed data transmission and reliable communication between critical systems.

Buyback meeting to be held on 22nd August, 2024 :

Link : https://www.bseindia.com/xml-data/corpfiling/AttachLive/020560ba-1ebf-457d-8011-2fde31fca0ef.pdf

@Surender

Attached Vesuvius daily GMMA chart shows a flag like consolidation going on. Flagpole extends from 3400-5400, and once breakout happens, upmove can provide a move of 2000 rs if pattern plays out.

@Apurva_Dubey I have no idea about IRM energy.

@jayraj_khachar I don’t track PSP.

The CFO’s statement regarding exploring the new opportunities available in the sector is baffling.

If the top management is so scared of a well penetrated and proven technology like solar energy that is successfully implemented in most of the California, these guys are not good enough.