Synopsis
It is the first Indian company to tap into the global electric vehicle (EV) penetration story. The company manufactures specialised gears that could deliver high torque, lower noise, and vibration harshness (NVH). These gears are used in EVs, which has helped the company secure orders consistently grow its share of revenues from global EV makers.
ET Intelligence Group: Auto ancillary company Sona Comstar is likely to benefit from increasing demand from global electric vehicle makers. Besides this, the company has a technological moat — not easily replicable distinct advantage — in the manufacturing of bevel gear.
These factors ensure that the company is likely to post high growth in revenues in the long term. Investors, however, need to bear in mind the company’s valuation, which seems
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