Sintercom India Ltd Growth Catalysts - SOIC x StockScans Report
as of Jul 2026
- Miba Sinter JV and technology transfer - Sintercom's joint venture with Miba Sinter (which holds a \~26% stake) has transferred technology for high-strength sinter-hardened synchro hubs and cam gears, with the plant designed around this technology. This gives the company a proven, European-sourced process for precision drivetrain parts that OEMs are already specifying, creating a technical moat competitors cannot easily replicate.
- Export ramp with Tenneco order - Foreign exchange earnings jumped from ₹59 thousand in FY24 to ₹13.8 million in FY25, and the company received an order from Tenneco Automotive USA for stainless steel sintered products (Hego Boss & Flanges). A named order from a global Tier-1 opens a repeat-purchase channel into North America, where margins on export sintered parts typically exceed domestic realisations.
- Horizon Technology SMC stator partnership - A five-year exclusive MoU signed in July 2025 with Horizon Technology Inc gives Sintercom rights to manufacture and supply Soft Magnetic Composite stators for EVR-designed electric motors. This locks in a proprietary EV-motor component platform just as global OEMs are qualifying next-generation e-drive suppliers, positioning Sintercom ahead of commodity-focused peers.
- Revenue crosses ₹100 crore in FY26 - Revenue from operations reached ₹1,007 million for the year ended March 2026, up from ₹900 million in FY25. Crossing the ₹100-crore mark signals that the export and new-program wins are converting to scale, which should lift operating leverage on a largely fixed-cost manufacturing base.
- Tata Motors PV segment entry - A DT 1 project award from Taco Punch Powertrain marks Sintercom's entry into the Tata Motors passenger-vehicle supply chain. Qualifying for India's third-largest PV maker diversifies the customer base beyond the existing anchor clients and opens a high-volume platform for future engine and transmission part nominations.
- EV platform sintered solutions - The company is developing sintered parts for e-motors, drivetrains, thermal management, and braking assemblies in collaboration with global OEMs and Tier-1s. These applications replace machined or cast components with lighter, net-shape powder-metal parts, directly addressing EV range and cost pressures that will drive adoption as EV volumes scale.
- Pinnacle Mobility (EKA) EV bus order - A purchase order from Pinnacle Mobility for central fork and half-ring EV-motor parts was received in February 2026, with supply executed in April 2026. Though small, it is the first commercial conversion of the Horizon Technology collaboration, proving the SMC stator supply chain works end-to-end for an electric commercial vehicle customer.
- Non-automotive diversification - Sintercom is actively pursuing industrial machinery, power tools, medical devices, aerospace, and defence applications, supported by exploration of additive manufacturing and new materials. These sectors carry longer qualification cycles but offer higher per-part margins and reduce dependence on automotive cyclicality over the medium term.