Sona Comstar IPO - Poised To Leverage Electric Vehicles Acceleration, Valuation Looks Demanding: Dolat Capital
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Dolat Capital Report
Sona BLW was incorporated in 1995, expertise in designs and manufactures precision-forged gears and differential assemblies.
In 2019 the company acquired 'Comstar' (added many products include starters for internal combustible engines and micro- and mid-hybrid vehicles and traction motors for electric vehicles) the combined company is called 'Sona Comstar'.
Business can be categorised mainly in two segments-
Driveline parts- differential assembly and the gears and
Motors- 1. starter motor and belt starter generator and 2. electric vehicle traction motors and motor control units.
The company is among the limited number of players who are well placed to combine motor and driveline capabilities to offer a compelling value proposition to EV customer base.
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