04-Nov-2026 08:41:54
DHOOTTRANSAcquisition and merger
KOTAK ON DHOOT TRANSMISSION ; SELL | TARGET ₹1,420
• Electric two-wheeler adoption and higher component content expected to drive 26% revenue CAGR over FY26–29. • Battery packs and EV components offer diversification opportunities. • Multilink acquisition expands product capabilities. • Expects EBITDA margins of 15–15.5% over FY28–29. • Expensive valuations and high manufacturing costs remain key concerns.
DHOOT TRANSMISSION LTD