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Indian (NIFTY) Auto Components Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies133
  • 7D-3.9%
  • 3M-4.7%
  • 1Y21.9%
  • YTD-5.6%

Over the last 7 days, the Auto Components industry has dropped 3.9%, driven by a pullback from Bharat Forge of 13%. Over the past 12 months, the industry was up 22%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the Indian Auto Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026₹11.3t₹5.8t₹315.7b28.5x35.8x1.9x
Sun, 08 Feb 2026₹11.7t₹5.7t₹309.0b30.1x37.9x2x
Tue, 06 Jan 2026₹12.2t₹5.6t₹298.9b33.4x40.7x2.2x
Thu, 04 Dec 2025₹11.9t₹5.6t₹298.7b33x39.8x2.1x
Sat, 01 Nov 2025₹10.9t₹5.3t₹275.7b33.8x39.4x2x
Mon, 29 Sep 2025₹10.7t₹5.3t₹271.9b32x39.4x2x
Wed, 27 Aug 2025₹10.2t₹5.3t₹271.9b28.7x37.6x1.9x
Fri, 25 Jul 2025₹10.4t₹5.2t₹269.2b32.1x38.5x2x
Sun, 22 Jun 2025₹9.8t₹5.2t₹271.9b30.6x36.1x1.9x
Tue, 20 May 2025₹9.7t₹5.0t₹273.9b30.5x35.5x1.9x
Thu, 17 Apr 2025₹8.5t₹5.0t₹276.6b27.7x30.9x1.7x
Sat, 15 Mar 2025₹8.2t₹5.0t₹276.7b26.6x29.6x1.6x
Mon, 10 Feb 2025₹9.1t₹4.9t₹278.3b29.7x32.7x1.8x
Wed, 08 Jan 2025₹9.9t₹4.9t₹279.5b32x35.5x2x
Fri, 06 Dec 2024₹10.5t₹4.9t₹278.5b33.7x37.9x2.2x
Sun, 03 Nov 2024₹10.7t₹4.8t₹278.9b32.1x38.4x2.2x
Tue, 01 Oct 2024₹11.5t₹4.8t₹278.2b34.4x41.4x2.4x
Thu, 29 Aug 2024₹11.1t₹4.8t₹278.0b33.9x39.9x2.3x
Sat, 27 Jul 2024₹11.3t₹4.6t₹269.5b33.4x41.8x2.4x
Mon, 24 Jun 2024₹10.9t₹4.7t₹268.9b30.7x40.5x2.3x
Wed, 22 May 2024₹9.6t₹4.6t₹250.1b31.2x38.4x2.1x
Fri, 19 Apr 2024₹9.0t₹4.5t₹242.8b30.3x37.2x2x
Sun, 17 Mar 2024₹8.5t₹4.5t₹242.7b28.8x35.1x1.9x
Tue, 13 Feb 2024₹8.6t₹4.5t₹237.4b28.9x36.3x1.9x
Thu, 11 Jan 2024₹8.7t₹4.4t₹222.8b31.7x39.2x2x
Sat, 09 Dec 2023₹8.1t₹4.4t₹222.7b31.3x36.4x1.9x
Mon, 06 Nov 2023₹7.5t₹4.3t₹208.6b28.5x35.9x1.8x
Wed, 04 Oct 2023₹7.5t₹4.2t₹197.4b27.9x38.2x1.8x
Fri, 01 Sep 2023₹7.5t₹4.2t₹197.1b28.5x37.8x1.8x
Sun, 30 Jul 2023₹7.3t₹4.1t₹179.4b28.1x40.6x1.8x
Tue, 27 Jun 2023₹6.8t₹4.1t₹175.5b25.6x38.7x1.7x
Thu, 25 May 2023₹6.3t₹4.0t₹170.4b23.2x37x1.6x
Sat, 22 Apr 2023₹5.8t₹4.0t₹160.6b23.4x36.2x1.5x
Mon, 20 Mar 2023₹5.6t₹4.0t₹160.6b20x34.8x1.4x
Price to Earnings Ratio

34.8x


Total Market Cap: ₹5.6tTotal Earnings: ₹160.6bTotal Revenue: ₹4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Components Industry Price to Earnings3Y Average 37.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Auto Components industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 37.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Auto Components industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Consumer Discretionary industry?

IN Market-2.82%
Consumer Discretionary-5.21%
Auto Components-3.87%
Tires and Rubber-0.94%
Auto Parts and Equipment-4.35%
Industry PE
  • Investors are most optimistic about the Auto Parts and Equipment industry, which is trading close to its 3-year average PE ratio of 39.9x.
    • Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings growth of 13.6% per year.
  • Investors are most pessimistic about the Tires and Rubber industry, which is trading close to its 3-year average of 29.2x.
Forecasted Growth
  • Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 6.2% per year.
  • In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 21% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ASKAUTOLTD ASK Automotive₹402.302.7%
+₹2.1b		-1.9%PE28x
WHEELS Wheels India₹898.702.1%
+₹450.8m		54.2%PE16.2x
505160 Talbros Automotive Components₹247.052.8%
+₹413.6m		17.7%PE15.4x
523828 Menon Bearings₹123.156.3%
+₹406.3m		34.6%PE22.2x
500240 Kinetic Engineering₹225.30-5.8%
₹228.5m		23.8%PE598.1x

Latest News

ASKAUTOLTD
₹402.30
ASK Automotive
7D
2.7%
1Y
-1.9%

ASKAUTOLTD: Steady Fair Value View Will Support Upcoming Governance Decisions

Analysts have kept their fair value estimate for ASK Automotive steady at ₹596.60, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E. This reflects a largely unchanged view on the stock’s long term pricing power.
500878
₹3,462.40
CEAT
7D
0.1%
1Y
31.1%

500878: Renewable Power Investments Will Support A More Positive Outlook

Analysts have nudged their price target on CEAT higher from about ₹4,217 to around ₹4,314. This reflects updated views that slightly adjust discount rate, revenue growth, profit margin expectations, and future P/E assumptions.
TIINDIA
₹2,458.20
Tube Investments of India
7D
-9.7%
1Y
-16.0%

TIINDIA: Interim Dividend Decision Will Support Ongoing Share Strength

Analysts have reduced their price target for Tube Investments of India from ₹3,306.83 to ₹3,175.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for Feb 4, 2026 at 12:00 Indian Standard Time to review and approve unaudited financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
APOLLOTYRE
₹400.30
Apollo Tyres
7D
-9.0%
1Y
-0.2%

APOLLOTYRE: Future Returns Will Reflect Andhra Pradesh Expansion And Cash Deployment Discipline

Analysts have kept our fair value estimate for Apollo Tyres steady at ₹562.71 per share, with only marginal tweaks to the discount rate and long term assumptions. This reflects broadly unchanged views on revenue growth, profit margins and future P/E despite recent recalibration of price targets across the wider alternatives and credit space.
505790
₹3,833.30
Schaeffler India
7D
-11.3%
1Y
14.6%
532539
₹1,013.95
Uno Minda
7D
-9.6%
1Y
12.1%

532539: New Alloy Wheel Expansion And Green Energy Sourcing Will Drive Repricing

Analysts have kept their ₹1,575 price target for Uno Minda broadly unchanged, reflecting only marginal tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E rather than a shift in their overall view on the stock. What's in the News The board approved a new AW4W plant in the LPS domain at Chhatrapati Sambhajinagar, Maharashtra, with planned capacity of up to 1.80 million alloy wheels per year in phases (company board meeting, February 5, 2026).
517334
₹113.75
Samvardhana Motherson International
7D
-7.3%
1Y
40.1%

517334: Upcoming Board Meetings And Revised Assumptions Will Shape Balanced Outlook

Analysts have raised their price target on Samvardhana Motherson International to ₹140.70 from ₹129.57, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E levels. What's in the News Board meeting scheduled for December 22, 2025, with details yet to be disclosed.
500530
₹30,195.80
Bosch
7D
-9.5%
1Y
14.4%

500530: Leadership Transition And Policy Review Will Support Future Upside Potential

Analysts have kept the Bosch fair value estimate steady at ₹41,625. A slightly lower discount rate, marginally higher revenue growth assumption, and small tweaks to profit margin and future P/E expectations are intended to reflect a more balanced view of the stock's risk and earnings profile.
500493
₹1,675.60
Bharat Forge
7D
-12.9%
1Y
61.2%

500493: Defence Contracts Will Likely Fail To Justify Elevated Multiple

Analysts have raised their fair value estimate for Bharat Forge from ₹991.55 to ₹1,035.56, citing updated assumptions on revenue growth, profit margins, and future P/E that collectively support a higher long term price target. What's in the News Bharat Forge signed an MoU with VVDN Technologies to explore collaboration in next generation technologies across Automotive, Defence, AI, and Datacentre solutions, combining electronics design and software capabilities with advanced manufacturing and precision engineering (Key Developments).
500240
₹225.30
Kinetic Engineering
7D
-5.8%
1Y
23.8%
505160
₹247.05
Talbros Automotive Components
7D
2.8%
1Y
17.7%
500890
₹114.00
Modi Rubber
7D
4.5%
1Y
14.0%
BELRISE
₹176.72
Belrise Industries
7D
-10.4%
1Y
n/a
WHEELS
₹898.70
Wheels India
7D
2.1%
1Y
54.2%
515030
₹829.80
Asahi India Glass
7D
0.04%
1Y
41.5%
523828
₹123.15
Menon Bearings
7D
6.3%
1Y
34.6%