Gabriel India Ltd (GIL) is one of the leading manufacturers of ride control products viz shock absorbers, front forks and struts having a market share of 25 % in two wheelers & cars and 75% in trucks. Strong outlook on auto coupled with GILs leadership position will help to reap robust OEM revenue (83% current mix) going forward. Revenue share from 2W segment to improve 200bps to 58% by FY20 supported by new client addition and order wins. Operating margin to improve by 120bps over FY18-20E to 10.5% led by...