Search+Intelligent InvestingRepresentational image.SynopsisA business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first complication. It has sold a large part of its older two-wheeler exposure, commissioned a new manufacturing complex, and used land-sale proceeds to reduce debt. FY26 margins improved even as reported revenue declined. But an asset-sale gain lifted profit, while an overseas subsidiary reported a loss. The investment debate is no longer about legacy alone. It is about portfolio quality, overseas execution, and hidden working-capital funding. The listed company may be relatively new, but the manufacturing business inside it dates back more than six decades. A restructuring transferred the legacy casting operations into a newer corporate entity. At its core, the company converts aluminium into precision-engineered automotive components using high-pressure, low-pressure and gravity die-casting processes, followed by machining and finishing. The distinction is important: Customers are ETMarkets.com 36 mins readJul 22, 2026, 07:59:00 PM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership