TVS & Murugappa: The Aerospace, Defence & Semiconductor Connection

In this episode, we look at two established industrial businesses from the TVS and Murugappa groups. We start with how we found them through conference-call summaries and StockScans, then work through their products, competitive advantages, growth plans and valuations.

Sundram Fasteners is expanding in aerospace, wind and other non-auto applications. CUMI is investing in advanced ceramics for semiconductor equipment, fuel cells and defence.

The bigger question is simple: can these established businesses use their existing capabilities to build their next growth engine?

Let’s get into it.