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ICICI Direct Report
Sansera Engineering Ltd., established in 1981, is a Bengaluru based engineering led integrated manufacturer of critical precision forged components (engine, non-engine oriented) for end application in predominantly auto domain.
Key triggers for future price performance:
History of consistent outperformance to industry. We expect the trend to continue amid robust order wins from domestic and marquee original equipment manufacturers in global space with consequent sales growth built in as 17.8% over FY22-24.
Strong focus on de-risking the existing product profile (engine heavy) with five year sales target at 25% from non-auto and 15% from Auto-Tech Agnostic and xEVs, primarily riding on indigenously developed capabilities. Sansera has developed drivetrain, suspension, steering and braking components in this direction for the vehicle categories namely two-wheeler, passenger vehicle and commercial vehicle space.
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