Strong order Book Market share Gains: SONACOMS net order book stands at Rs136bn (~9x FY21 sales) which includes EV segment of Rs79bn (59%) and Non-EV segment Rs57bn (41%). Net order book implies aggregate sales in the next 10 years from awarded programs which are either yet to start production or are yet to fully ramp up). Its Global market share in Differential Gears and Starter Motor grew from 5% to 6.4% and 3% in to 5% respectively during CY9MCY21. HOLD: SONACOMS has a reputed client credentials with highly profitable self-funded business model which warrants premium valuations. Its Sales and PAT are expected...