Consumer demand for Electric Vehicles (EVs) has substantially increased from recent years, and government initiatives have also boosted demand for electric vehicles. As the trend of vehicle electrification grows, the number of component manufacturers for electric vehicle demand expands in industry, such as the design and development of electric vehicle models, the production of batteries that power them, and the installation and maintenance of charging infrastructure.
Here are three Electric Vehicle Component Manufacturing Stocks below Rs 200
HBL Power Systems Ltd
HBL Power Systems Ltd is the world’s second-largest maker of nickel-cadmium batteries. It is also a pioneer in the manufacturing of specialised batteries and DC systems in India, and it supplies Missile Batteries to Israel and the United Arab Emirates.
HBL designs and manufactures the drive motor, motor controller, and battery modules for electric vehicles.And firm manufactures prismatic lithium-ion cells and batteries for electric cars, and it is one of two Indian suppliers that supply batteries for Torpedo Propulsion to the Indian Navy.
HBL Power Systems Ltd shares were trading at Rs 195.80 on Tuesday, up 1.98 percent from the previous close price,with a market capitalization of Rs 5,420 crores.
In the previous six months, the stock has delivered a multibagger gain of 104 percent, and in the last year, the stock has returned a gain of 125 percent.
The company’s profitability ratio consists of ROA 10.84%, ROCE at 13.25%, net profit margin at 7.09%, operating margin at 9.76%, and debt to equity at 0.08.
Motherson Sumi Wiring India Ltd
Motherson Sumi Wiring India Limited (MSUMI) was formed by de-merging the wiring harness business in India from its parent company Samvardhana Motherson International Limited (SAMIL).It is the market leader in domestic vehicle wiring harness industry with market share of 40 percent.
Motherson Sumi Wiring focuses on integrated cutting-edge electrical and electronic distribution systems for power supply or data transfer across vehicles. The company works from original product design to final manufacturing.
The firm develops integrated high-voltage wire harness systems for electric vehicle powertrains.In addition, to fulfil the demand for EV/hybrid automobiles (PV, CV, and Two-Wheeler), the company developed a specialised line for high-voltage harnesses in its Chennai facility.
Motherson Sumi Wiring India Ltd shares were trading at Rs 59.80 on Tuesday, up 2.05 percent from the previous close price,with a market capitalization of Rs 26,460 crores.
Company stock has returned a gain of 15.83 percent in six months and in the last one year stock has gained 8.24 percent.
The company’s profitability ratio consists of ROA 36.60%, ROCE at 42.24%, net profit margin at 6.90%, operating margin at 9.63%, and debt to equity at 0.28.
Himadri Speciality Chemical Ltd
Himadri Speciality Chemical Ltd is India’s leading speciality chemical conglomerate and pioneer in the production of lithium-ion battery anode materials.
The Himadri Speciality Chemicals has invested Rs 5.75 crores for acquiring a 12.79 percent stake in Sicona Battery Technologies, an Australian startup that specialises in high-capacity silicon anode technology for lithium-ion batteries used in electric vehicles.This investment will assist Himadri Speciality in accelerating Sicona’s product and technology development, as well as the commercialization of their silicon anode technology.
Himadri Speciality Chemical Ltd shares were trading at Rs 139.20 on Tuesday, down 0.61 percent from the previous close price,with a market capitalization of Rs 6,110 crores.
In the previous six months, the stock has returned a 55 percent gain, and in the last year, it has returned a 60 percent gain.
The profitability ratios of the firm are as follows: ROA 9.47%, ROCE 15.48%, net profit margin 5.17%, operating margin 9.02%, and debt to equity 0.37.
Written by Omkar Chitnis
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