Corporate identity

Engineering a culture of innovation

We are at the cusp of a new age of green mobility, with an expansive thrust on pioneering innovative automotive solutions. We aim to consistently deliver progressive technologies to our customers across the globe, to engineer a smarter, more intelligent future of mobility.

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Our values

Integrity

Always do the right thing. No matter what the cost. No matter if anyone is looking.

Vitality

Build better products

Frugality

Build better products — more economically

Agility

Build better and more economical products — faster

Key facts

Key ICN 1

9

Manufacturing facilities

Key ICN 2

3

R&D centers

Key ICN 3

8

Warehouses

Key ICN 4

3,555

Employees

Highlights of the year

Riding high on a stellar growth trajectory

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Chairman - Sunjay Kapur

Chairman’s communique

Kick-starting an era of green mobility

Left Quots
Government policies like differentiated tax policy and localised incentives to promote start-ups will further push electrification in the right direction. Left Quots

Sunjay Kapur

Chairman and Non-Executive Director

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>MD - Vivek Vikram Singh

Managing Director and Group CEO's message

Rising against the tide

Left Quots
Our actions should speak louder than our words, and hence our numbers should do most of the talking. despite strong headwinds from multiple directions, we have delivered an impressive performance, validated by the significant growth in our revenue and profits. Left Quots

Vivek Vikram Singh

Managing Director and Group CEO

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>CFO - Rohit Nanda

CFO's review

Delivering robust growth

Left Quots
Pursuing technology for growth is one of our strategic priorities, and we not only continue to pursue the technology roadmap we had laid out for ourselves but also expand it as we go along. Left Quots

Rohit Nanda

Group CFO

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Key performance indicators

An impressive lap amid external challenges

  • Profit and Loss
  • Balance Sheet
  • Non-financial*

Profit and Loss

REVENUE1 (INR in million)

  • 2021-22
    21,306
  • 2020-21
    15,663
  • 2019-20
    10,380
  • 2018-19
    6,992
  • 2017-18
    6,231

1Revenue from the year from continuing operations

EBITDA2 (INR in million)

  • 2021-22
    5,591
  • 2020-21
    4,410
  • 2019-20
    2,423
  • 2018-19
    1,979
  • 2017-18
    1,690

2EBITDA for the year from continuing operations

EBITDA MARGIN3 (%)

  • 2021-22
    26.2
  • 2020-21
    28.2
  • 2019-20
    23.3
  • 2018-19
    28.3
  • 2017-18
    27.1

3EBITDA margin = EBITDA from continuing operations/ Revenue from operations from continuing operations.

PAT4 (INR in million)

  • 2021-22
    3,615
  • 2020-21
    2,152
  • 2019-20
    3,653
  • 2018-19
    1,718
  • 2017-18
    766

42018, 2019 & 2020 include profit / loss from discontinued operations.

Balance Sheet

GROSS BLOCK55 (INR in million)

  • 2021-22
    7,633
  • 2020-21
    4,656
  • 2019-20
    3,728
  • 2018-19
    2,514
  • 2017-18
    6,690

5Property, plant and equipment only

NET DEBT6 (INR in million)

  • 2021-22
    (69)
  • 2020-21
    3,371
  • 2019-20
    2,018
  • 2018-19
    1,458
  • 2017-18
    4,928

6Long term debts and Short term borrowing less Cash and cash equivalents.

Non-financial

R&D INVESTMENTS (INR in million)

  • 2021-22
    442
  • 2020-21
    915
  • 2019-20
    404
  • 2018-19
    244
  • 2017-18
    218

TOTAL EMPLOYEES  

  • 2021-22
    3,555
  • 2020-21
    3,143
  • 2019-20
    2,356
  • 2018-19
    2,256
  • 2017-18
    2,164

ALLOCATION TOWARDS
CSR INITIATIVES (INR in million)

  • 2021-22
    55
  • 2020-21
    53
  • 2019-20
    16
  • 2018-19
    21
  • 2017-18
    16

TRAINING HOURS PER PERSON

(hours/year)

  • 2021-22
    35
  • 2020-21
    40
  • 2019-20
    27
  • 2018-19
    20
  • 2017-18
    24

*includes Comstar

Product portfolio

Powered by an innovative product basket

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Note: Product Images and technical drawings are for representation purpose only.
* Products under development

Business model

The engine of value creation

Inputs

  • Model ICN 1
    Widespread presence
    We have nine manufacturing units located across the world in key markets, which enables us to serve our customers better.
  • Model ICN 2
    Experienced management team
    Our management team possess more than 110 years of cumulative experience and are well-versed with the nuances of the auto industry.
  • Model ICN 3
    Strong track record
    We possess a strong track record and have been successfully able to navigate all headwinds.
  • Model ICN 4
    R&D prowess
    We place great focus on R&D and have spent around INR 1,761 million on R&D initiatives over the last three years.
  • Model ICN 5
    Effective governance
    Our Board maintains high standards of corporate governance to ensure sustainable growth and success.

Our Products

Business Model Graph

Strategic Priorities

Model ICN 6

Increasing EV presence

Model ICN 7

Increasing global markets share

 

Differential Assemblies

 

Model ICN 8

Diversifying revenue mix

Model ICN 9

Investing in technology

Outcomes

Revenue:

INR 21,306 mn

EBITDA:

INR 5,591 mn

PAT:

INR 3,615 mn

EPS:

INR 6.21 per share

5-year revenue CAGR:

34.2%

5-year average EBITDA:

27.4%

Global market share in differential gears:

6.3%

Global market share in starter motors:

4.6%

New products developed during the year:

3

Order book as on 31st March, 2022:

INR 186 bn

Amongst the leading player in the automotive technology space

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Automative Industry

Strategic priorities

Electrifying the machines of tomorrow

We have always kept a close watch on evolving consumer preferences, and the EV boom is no surprise to us. We have geared up our production to cater to these changing needs with an aim to increase our revenue share from the EV segment by winning new orders.

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Sona Comstar Workshop

Strategic priorities

Amping up our global market share

Our ability to meet the evolving needs and demands of the automotive industry has helped us secure our leading position. We have continued to scale our operations by expanding our influence and presence on a global scale.

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Innovative Motor

Strategic priorities

Driving growth with a diversified portfolio

We have always taken strong measures to remain agile with our offerings, adapting to the latest disruptions in the automotive industry, with focussed enthusiasm. Diversifying our portfolio has created more revenue streams to ensure we do not remain dependent on a specific product, geography or vehicle segment.

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Electric Vehicle

Strategic priorities

Technology and R&D focus

Left Quots
As automation moves to higher levels, many systems and sub-systems in the vehicle will get 'smarter' and need computing intelligence, in-situ memory, and closely integrated sensing and actuation functions. Left Quots

Kiran Manohar Deshmukh

Group CTO

People

Fuelling the aspirations of our people

Our employees are the essential gears that help us keep running smoothly and efficiently, like a well-oiled machine. We have always given utmost priority to ensuring the safety and wellbeing of all our employees. It was but natural for us to double down on our efforts during a pandemic-ravaged year.

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Corporate social responsibility

Charging ahead with responsibility

Pillars of our CSR Interventions

CSR CIN 1

Samridh Bharat

CSR CIN 2

Swasth Bharat

CSR CIN 3

Surakshit Bharat

CSR CIN 4

Saksham Bharat

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