SONACOMS

Business & Industry Analysis Sector: Auto ancillary / EV drivetrain components Key points: Supplies EV traction motors and differential gears globally. Global market share about 8.1% in differential gears and 4.2% in starter motors. Exposure to EV ecosystem, which is the biggest structural growth driver. Positive structural factors EV adoption globally. Export-oriented client base (US, Europe, Asia). High-margin engineering components. Fundamental Analysis Metric Observation Revenue growth 13–16% growth recently Profit growth strong historical CAGR (30% 5-yr) ROCE 18% ROE 14% Debt Almost debt-free Promoter holding Declined in recent years