Good job. Thanks for keeping us posted. Agree with you.
- Simple product
- Proxy play on a hot theme
- Comparatively decent valuation
- Clean financials
- ‘Rising content per vehicle’ is a certain to happen
- In Peter Lynch terms, a simple boring business.
What I am looking to know more is:
- Whenever you ask the management about margins, they reply saying ‘We don’t pay attention to the margins, but focus on ROCE”. Well, all said and done, margins is where the game is, isn’t it?
- Is there any competitive advantage that the company has or will they eventually become a commoditized player when EV sales grow and more wiring harness manufacturers pop up?
If this is bound to be a commodity business, it is very important to understand the margin profile going ahead. Any inputs?
| Subscribe To Our Free Newsletter |
