A few points that I like about this company
- Its not much impacted with the shift to EV. Their major revenue is from steering’s which isnt impacted with the shift to EV
- Reduced debt considerably in the last 1 year
- Backed by the JTEKT Group in Japan. So have access to Japanese banks, so easy access to loans at lower rates
- Toyota the worlds largest car manufacturer holds a majority stake in JTEKT Japan. So will always get business from Toyota
- Good cashflows
- Major customers include Maruti Suzuki, Toyota, Tata Motors
and Mahindra & Mahindra. Also exports to US, Japan - Maruti holds 5% stake in JTEKT India
Also they manufacture bearings which is a component in Semiconductor manufacturing facilities. So with the recent semiconductor industry push by the govt, maybe this will be beneficial for them?