Started reading about the company fairly recently and impressed by the stable margins, growth and guidance from the management… But looking historically, firm has always commanded a lower valuation compared to other auto anc. maybe due to steel commodity cycles… Now looking interesting as they are increasing alloy wheel capacity which is a higher margins business. Can anyone tracking the company give their views on whether the company can command fair valuations in the future since product mix is changing from commodity to alloy? I am expecting PE of at least 25 and valuation rerating.
Disc. not invested
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