A small cap company primarily in the business of making rear axle shafts for heavy vehicles.
Having clients primarily in india and exporting to the north american market as well.
During FY22 their export to the american market increased by 50 %.
Even during the massive inflation in raw material and disruptions in supply chain, the company has shown surprising defending of their margins and managed to grow their volume.
Management is sounding very bullish on the indian automobile industry and has been expanding into other products to diversify their product range .
At a Pe of 11 it seems cheap considering the supply chain and inflationary headwinds are receding.
This might lead to some margin expansion and diversification into the new products will lead to volume growth.
The company seems interesting but no concalls and investor presentation shows limited intention to interact with public investors
The relative pricing power of the company seems interesting as well, might be a sign of some competitive advantage .
More views on this stock is welcome
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