Thank you for sharing detailed analysis.
In long term, revenue from Automobile parts should significantly come down once EVs start gaining traction as electric engines are much simpler than IC engines & have very less moving parts.
Edit:
Management must be worried about transition to EVs hence they have been trying too hard to diversify. I won’t be surprised if they try to diversify into new business in short term (a risk mentioned by Hitesh sir). After all, automobile makers are heavily investing their current capital into EVs.
Disc: have a small tracking position.