Wheels India is a no brainer pick.
Market-cap: 1,700 Cr
Revenue: 5,000 Cr
P/S: 0.35x (randomly check few Great SMEs market-cap to topline)
Equity: 24 Cr
Management: TVS
🧵🧵⤵️
They are into thin margin businesses:
● Wheels for passenger and light cargo vehicles, trucks, trailers, buses, agriculture and farm equipment, off-road vehicles, construction and mining vehicles, material handling, defense vehicles.
● Vehicle Chassis and Suspension for bus, truck, and trailer applications, as well as defense applications.
●Renewable energy components including fabricated products for wind energy.
●Fabricated & Precision Products for construction, mining, and other equipment.
●Hydraulic Cylinders for energy equipment and off-road vehicles.
●Railway products