Vijay Kedia gains Rs 8,27,20,000 from this multibagger auto stock; Company is expanding its business into EV-segment!

The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 475 per cent in 3 years.

EMOSS India, the electric mobility arm of Precision Camshafts Limited, revs up for a triumphant year-in-review, showcasing its groundbreaking achievements in powering a cleaner future.

Manufacturing Plant: EMOSS India opened a game-changing EV manufacturing plant in Solapur, enabling rapid single-shift vehicle conversions and paving the way for further expansion at Chincholi MIDC.

Team Expansion: EMOSS India's diverse and dedicated team, spanning offices in Pune and the Solapur manufacturing plant, fuels the company's success and shapes the future of e-mobility with fresh perspectives and expertise.

Innovation in Action: EMOSS India electrifies India's roads with two game-changing vehicles: the Tata Ace and Ashok Leyland Dost+, featuring up to 100km range and customizable options, all while pushing sustainability and catering to local needs.

Netherland Economic Mission 2023: EMOSS India made a global splash at the Netherlands Economic Mission 2023, championing sustainable mobility through groundbreaking tech talks and forging key connections with Dutch industry leaders, all while showcasing their commitment to innovation and global partnerships on the G20 stage.

Delivering the Future: EMOSS India delivers on its promise, electrifying commercial fleets across India! The year culminated in successful deliveries of their re-powered electric light commercial vehicles to diverse customers like Pune Municipal Corporation, Bluwheelz, and Delhivery. These EVs are winning over businesses not just for their environmental benefits, but also for their reliability, efficiency, and lower total cost of ownership compared to diesel counterparts.

EMOSS actively collaborates with clients to understand their needs and deliver practical solutions, strengthening their belief in the power of clean mobility. With upcoming deliveries to Porter, Lets Transport, and Magenta Mobility, EMOSS is poised to accelerate the electric light commercial vehicle revolution in India.

Forging Strong Partnerships: PCL (EMOSS), a pioneer in sustainable transport, and Log9, the battery tech leader, have teamed up to electrify logistics! This game-changing partnership sees EMOSS selling a fleet of cutting-edge electric LCVs powered by Log9's fast-charging batteries to Log9 Mobility's customers. These eco-warriors boast the highest uptime in their segment, can be juiced up in just 15 minutes, and pave the way for a greener future. Together, EMOSS and Log9 are redefining sustainable logistics, one speedy charge at a time. 

Make in India: EMOSS India champions Prime Minister Modi's "Make in India" vision, achieving an impressive 90% localization from the very first electric vehicle! Their vehicles are not just assembled in India but built with pride, featuring over 90 per cent locally sourced components and full assembly and integration within the country. This commitment to domestic manufacturing strengthens India's self-reliance and paves the way for a flourishing electric vehicle ecosystem.

An ace investor, Vijay Kedia owns 11,00,000 shares or 1.16 per cent of this company as of September 2023 and it has been stable since June 2023. From Rs 187.75 per share to Rs 262.95 per share, Vijay Kedia gained 75.20 points or 40 per cent.

Hence, 11,00,000 x 75.25 per share = Rs 8,27,20,000.

About the company & financials:

Incorporated in 1992, the company is a leading manufacturer and supplier of camshafts in India and globally. It supplies more than 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications.

The company is a Small-Cap with a market cap of over Rs 2,500 crore and a 3-year stock price CAGR of 100 per cent. The company reported positive numbers in its quarter results & annual results and has been maintaining a healthy dividend payout of 153 per cent.

Promoters hold the largest stake in the company, with 65.37 per cent of the shares. DIIs own 0.13 per cent, FIIs own 0.11 per cent, and the public holds the remaining 34.39 per cent shares. The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 475 per cent in 3 years.

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Disclaimer: The article is for informational purposes only and not investment advice.