Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

ZF Commercial Vehicle Control Systems India Limited / Equity Bottom-Up

ZF Commercial Vehicle Control Systems India Limited (WIL IN)

ZF Commercial Vehicle Control Systems India Limited

<p><a href="https://www.smartkarma.com/entities/14606" target="_blank" data-smartkarma-citation="entities:14606:1">Wabco India Ltd (WIL IN)</a> is the Indian subsidiary of Brussels-headquartered Wabco. The company designs, manufactures and markets braking products and other advanced braking systems. Wabco India enjoys near monopoly in this market and is set to benefit from the growing commercial vehicle sales. We think Wabco's growth in the coming years will largely be led by the following factors:</p><ul class=""><li>E-Commerce market expected to double in next 2-3 years as customers resort to these platforms to buy everything from groceries to electronics. </li><li>Wabco India's frugal engineering turned it into the Group's second pillar of strength.</li><li>Company's zero-debt gives it ample wriggle room to expand growth when needed.</li></ul>

Wabco India Ltd (WIL IN) is the Indian subsidiary of Brussels-headquartered Wabco. The company designs, manufactures and markets braking products and other advanced braking systems. Wabco India enjoys near monopoly in this market and is set to benefit from the growing commercial vehicle sales. We think Wabco's growth in the coming years will largely be led by the following factors:E-Commerce market expected to double in next 2-3 years as customers resort to these platforms to buy everything from groceries to electronics. Wabco India's frugal engineering turned it into the Group's second pillar of strength.Company's zero-debt gives it ample wriggle room to expand growth when needed.

Wabco India: Frugal Engineering and E-Commerce Boom to Drive Revenue Growth