1β£ FY23 sales and PAT grew at 10% and 30% respectively
2β£ Company has entered into a new automotive products - Brakes
3β£ PLI schemes on automobile and auto components are expected to bring a capex of Rs. 74,850 crore (US$ 9.58 billion) in the next five years with an aim of creating an incremental output of Rs. 2,31,500 crore
4β£ Apart from domestic demand, Indian auto has also been a export growth story with 25% of sales being exported
5β£ A small Rs 700 Cr company working on 14% PAT margin. So, what are companies strengths and opportunities
6β£ Company is optimistic about future years through market share gain and new product entries
7β£ Key strategic focus areas for FY 23-24
8β£ Some related party transactions worth noticing
9β£ Increase in management salary worth noticing
πOnly 400-500 shareholders hold share worth Rs 5-7 L+ as per recent prices
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