The premier auto ancillary of India looks finally back on track.
-
What a blockbuster quarter and year. Reduction in gearing.
-
11% automotive margins. Possibly highest ever.
-
ROCE upto 17%.
-
They are stating that China and Indian automotive market is back to pre-covid levels.
-
Europe and USA still 15% below.
-
Reduction in inventory days back to 31.
-
Growth across the board.
-
Did not listen to concall completely but heard focus on new age systems and maybe aerospace technologies.
Disclosure: have never owned the stock.
Subscribe To Our Free Newsletter |