Search+Intelligent InvestingSynopsisThis old auto ancillary manufacturer has integrated plants, a long operating history, and stable group ownership. FY26 brought higher revenue, more exports, and a new source of engineering income. Yet the financial mix contains a warning. Profitability in the established business fell even as its revenue increased. The newer engineering activity accounted for a large part of segment profit, while a planned EV-linked business is at a nascent stage. The question: Can diversification become repeatable operating profit rather than an occasional boost?As we move forward with this special series on auto ancillaries, most of the companies that will be covered are likely to be small caps. So, there is an element of higher risk; many of them might be facing tough times. But there may be some that will be able to turn challenge into opportunity. The million dollar question: Which ones?A 65-year-old auto ancillary maker grew FY26 operating revenue by 24.2%, yet the segment that built its identity ETMarkets.com 32 mins readJul 29, 2026, 07:37:00 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