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Nirmal Bang Report
We met the management of Sansera Engineering Ltd. to understand the company's growth prospects, threat from electric vehicle transition, overall business environment and outlook. The key takeaways include:
order book stands at ~Rs 15 billion (Rs 12.5 billion in September 2021)
order wins focussed at diversifying away from the domestic internal combustion engine segment (~61% exports and ~38% from enterprise value plus tech agnostic products),
expects to outperform industry growth by ~5-10% going ahead and
Sansera's major growth drivers are non-auto sectors (aerospace, agriculture, off-road, bicycles and defence) and tech-agnostic products (17% in FY22).
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