Multibagger or IBC - Part 13: This auto ancillary helps power Chandrayaan-3 and makes the ‘glue’ that holds cars together

This isn’t just a story of bolts and nuts. It’s the story of how a 1960s-era metal manufacturer is aligning itself with the future of mobility. The company has built a moat around the component it makes and commands 40–45% market share. It is now stepping into EVs, aerospace, and clean energy. A $250 million EV order, a ₹4,000 crore EV pipeline, and R&D expenditure signal its ready for the next cycle. With 30% exports, top OEM clients, and a major investment plan, this company seems to be making all the right moves.This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.