Thread by @raghavwadhwa

🚌Sector in focus: Electric Buses

🗞️Related News:
The Indian government plans to replace 800,000 diesel buses with electric buses by the year 2030

🚌11 Electric bus and its component manufacturers set to thrive with this Initiative

[A thread.......]🧵👇

⚡️Mercury EV-Tech Ltd.:
🔹The company manufactures a range of electric vehicles in India, such as scooters, cars, buses, vintage cars, golf cars, and more.
🔹The company plans to make off-road buses with seating for 26, 38 & 52 passengers for the multinational corporations.

🔶Key Metrics:
🔹M Cap: ₹1,964 Cr
🔹CMP: ₹118
🔹P/E Ratio: 854
🔹ROCE: 3.00%
🔹OPM: 13.4%
🔹Debt to Equity: 0.64
🔹5 Years Sales Growth: 82%

⚡️Sona BLW Precision Forgings Ltd.:
🔹The company signs technology licensing deal with UK's Equipmake for high-performance electric powertrains.
🔹It will produce & sell EV powertrains, subsystems, and components for electric cars, buses, commercial vehicles & off-road vehicles.

🔶Key Metrics:
🔹M Cap: ₹37,468 Cr
🔹CMP: ₹639
🔹P/E Ratio: 79.4
🔹ROCE: 22.0%
🔹OPM: 27.2%
🔹Debt to Equity: 0.16
🔹3 Years Sales Growth: 37.1%

⚡️Precision Camshafts Ltd.:
🔹It is a manufacturer and supplier of camshafts in both the Indian and global markets.
🔹The company has developed India's first mid-size retrofitted E-Bus using EMOSS technology & is in process of establishing its first EV plant in Solapur.

🔶Key Metrics:
🔹M Cap: ₹2,338 Cr
🔹CMP: ₹246
🔹P/E Ratio: 56.4
🔹ROCE: 8.30%
🔹OPM: 9.43%
🔹Debt to Equity: 0.14
🔹3 Years Sales Growth: 13.1%

⚡️Automotive Axles Ltd.:
🔹It is the largest independent axle manufacturer and 2nd-largest brake manufacturer in India.
🔹Engaged in manufacturing & supplying automotive parts to major domestic & global manufacturers of trucks, buses (LCV, MCV, HCV) & off-highway vehicles.

🔶Key Metrics:
🔹M Cap: ₹3,240 Cr
🔹CMP: ₹2,144
🔹P/E Ratio: 17.6
🔹ROCE: 30.8%
🔹OPM: 11.4%
🔹Debt to Equity: 0.03
🔹3 Years Sales Growth: 34.6%

⚡️Wardwizard Innovations & Mobility Ltd.:
🔹It is a prominent manufacturer of Electric Two-wheeler and Three-wheeler Vehicles in India,
🔹The company will set up a plant to produce Brushless DC Motors for Joy their own use and supply to electric vehicle OEMs across India.

🔶Key Metrics:
🔹M Cap: ₹1,446 Cr
🔹CMP: ₹55.4
🔹P/E Ratio: 160
🔹ROCE: 17.7%
🔹OPM: 10.7%
🔹Debt to Equity: 0.53
🔹3 Years Sales Growth: 1,340%

⚡️Subros Ltd.:
🔹It is the largest Air Conditioning & Thermal Products company in India.
🔹The company is expanding in buses and electric mobility, developing an Electric Air-conditioning system with Integrated Battery Management for Hydrogen Cell Buses.

🔶Key Metrics:
🔹M Cap: ₹3,598 Cr
🔹CMP: ₹552
🔹P/E Ratio: 53.8
🔹ROCE: 8.82%
🔹OPM: 6.93%
🔹Debt to Equity: 0.05
🔹3 Years Sales Growth: 12.1%

⚡️Ashok Leyland Ltd.:
🔹The company's subsidiary, Switch Mobility, is a prominent commercial vehicle manufacturer in India, specializing in electric buses and trucks.
🔹The company has secured a landmark order for 552 Buses from Tamil Nadu State Transport Corporation.

🔶Key Metrics:
🔹M Cap: ₹53,467 Cr
🔹CMP: ₹182
🔹P/E Ratio: 25.1
🔹ROCE: 11.4%
🔹OPM: 14.9%
🔹Debt to Equity: 3.87
🔹3 Years Sales Growth: 24.4%

⚡️Eicher Motors Ltd.:
🔹It is the flagship company of the Eicher Group in India and a leading player in the Indian automobile industry.
🔹The company has signed MoUs with Amazon India and Greencell Mobility to supply 1000 electric trucks and buses each over the next 5 years.

🔶Key Metrics:
🔹M Cap: ₹1,12,772 Cr
🔹CMP: ₹4,119
🔹P/E Ratio: 31.5
🔹ROCE: 27.4%
🔹OPM: 25.0%
🔹Debt to Equity: 0.03
🔹3 Years Sales Growth: 16.4%

⚡️Tata Motors Ltd.:
🔹It is the India’s largest automobile company.
🔹The company operates its EV bus segment through its wholly-owned subsidiary, TML Smart City Mobility Solution Ltd., which provides an own-maintain-and-operate model with a per-km rate.

🔶Key Metrics:
🔹M Cap: ₹2,87,475 Cr
🔹CMP: ₹785
🔹P/E Ratio: 17.9
🔹ROCE: 5.95%
🔹OPM: 12.7%
🔹Debt to Equity: 2.38
🔹3 Years Sales Growth: 9.84%

⚡️Olectra Greentech Ltd.:
🔹The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
🔹Company plans to manufacture electric buses and other EV products in new plant.

🔶Key Metrics:
🔹M Cap: ₹11,151 Cr
🔹CMP: ₹1,359
🔹P/E Ratio: 144
🔹ROCE: 13.3%
🔹OPM: 14.4%
🔹Debt to Equity: 0.15
🔹3 Years Sales Growth: 75.9%

⚡️JBM Auto Ltd.:
🔹In FY21, the company introduced several new products, including 12m Low Floor CNG buses, 12m Low Floor Electric buses, and 9m High Floor Electric buses.
🔹In FY22, the company delivered 200 units of 12m LF EV buses to DTC & 9-meter electric buses to Jhansi.

🔶Key Metrics:
🔹M Cap: ₹17,334 Cr
🔹CMP: ₹1,466
🔹P/E Ratio: 127
🔹ROCE: 11.8%
🔹OPM: 11.3%
🔹Debt to Equity: 1.93
🔹3 Years Sales Growth: 25.6%

⚡️Disclaimer: The above data should not be considered as a Buy or Sell recommendation. The analysis has been done for educational and learning purpose only.

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