Multibagger or IBC - Part 14: This auto ancillary with double-digit net margins is now getting EV-focused

This small-cap auto ancillary company supplies components to some OEM heavyweights. It has a 50% market share in its primary component and is the lone supplier to five major OEMs. While its domination in ICE vehicles is clear, the company is now focusing on its EV pivot, aiming for a fourfold increase in revenues from this space in the next couple of years. Add to that a rare double-digit net profit margin in FY25 and a growing R&D push, and it’s clear why this low-profile stock is gaining analyst attention.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.