India’s second largest lead acid battery manufacturer operates in automotive and industrial lead acid batteries segment. It is a market leader iin the telecom and UPS segment and is an OEM for several automobile manufacturers. The company’s standalone revenues and net profit saw a CAGR growth of 19 per cent and 23 per cent over FY12-16.
Why: Strong product portfolio with consistent double digit volume growth in its automotive segment. Company has witnessed increased market share in the industrial battery business on the back of new technologies.
What: Rising competition from the unorganised sector and increasing raw material costs.
