DHOOT TRANSMISSION LTD

Manufactures wiring harnesses and other automotive electrical components, primarily for two-wheeler OEMs in India. In Q1 FY27, consolidated revenue rose roughly 50% YoY, driven by 44.6% growth in wiring harness revenue and 67.7% growth in non-wiring harness revenue. The non-wiring harness segment now includes Multilink, an auto-electrical products business acquired via slump sale for Rs 421.2 crore and consolidated from June 10, 2026, contributing about 3% to Q1 growth. EV-related sales rose 79% YoY and now account for 27% of total revenue, up from 24% a year earlier, with management targeting EV mix to exceed 30%-32% over the next 2-3 years. India is the larger market — India revenue grew 53.2% YoY versus 18.3% for global — and capacity is being expanded by 15%-20% this year at Jhajjar and Hosur. The company also operates a UK trading arm and two domestic step-down subsidiaries that make automotive components. The largest input cost is copper and brass, which management flagged as continuing to rise.