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Company Background

Sansera Engineering Limited (“Sansera”) was incorporated on December 15, 1981. Sansera is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors.

Within the automotive sector, they manufacture and supply a wide range of precision forged and machined components and assemblies, which are critical for engine, transmission, suspension, braking, chassis and other systems for the 2-wheeler, passenger vehicle and commercial vehicle verticals.

Within the non-automotive sector, they manufactures and supply a wide range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods

Strengths & Strategies

A leading supplier of complex and high-quality precision engineered components that is gaining market share across automotive and non-automotive sectors

Precision components such as connecting rods, crankshafts and rocker arms are manufactured using complex engineering processes, and given their criticality to automotive systems, they require a high level of precision and adherence to high standards of quality. This requires close coordination between component manufacturers and OEMs throughout the product cycle from design to testing and validation to delivery.

Well diversified business model

Sansera derives their revenue from multiple segments within the automotive sector, including the 2- wheeler, passenger vehicle and commercial vehicle verticals. Within the non-automotive sector, they manufacture and supply a wide range of precision components for the aerospace, off-road, agriculture and other segments, including engineering and capital goods.

Advanced capabilities in design and engineering, machine building and automation resulting in continuous new product development and improved productivity, with fungibility of equipment, machinery and production lines across product families and sectors

Their engineering capabilities enable them to design new products from statements of requirements, validate their designs through software using FEA (finite element analysis), develop prototypes and perform relevant testing to confirm design robustness, all of which increase opportunities for them to secure higher value-added business with their customers and enables them to deepen their customer relationships through cost optimisation and reductions in development and testing time.

Consolidate and strengthen global market share in the existing automotive product portfolio and diversify into new products to cater to the expected increase in electrification of vehicles

They intend to focus on consolidating their leading market share, both globally and in India across their existing product portfolio. Further, they intend to develop multiple technology driven systems and components to cater to growing opportunities in electrification of vehicles. They are in the process of setting up a dedicated facility for hybrid and electric components in Plant 2 and expect to commission during Fiscal 2022.

Valuation & Recommendation

They supply aluminium forged products developed for high-end 2-wheelers. With growing light weighting and electrification trends, they expect increasing usage of aluminium forged components going forward in passenger vehicles and they plan to cater for these requirements.

With a track record of developing complex and critical precision engineered components for the automotive sector over multiple decades, company’s manufacturing capabilities can be extended to manufacture precision components for several nonautomotive segments such as aerospace, off-road, agriculture and engineering and capital goods.

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