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Indian (NIFTY) Auto Components Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies132
  • 7D1.3%
  • 3M-0.9%
  • 1Y5.0%
  • YTD5.6%

In the last week, the Auto Components industry is up 1.3%, with Uno Minda leading the way with a 3.4% gain. This takes the industry's 12 month performance to a gain of 5.0%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025₹11.8t₹5.6t₹298.9b32.8x39.6x2.1x
Sat, 22 Nov 2025₹11.2t₹5.5t₹288.1b31.7x38.7x2x
Mon, 20 Oct 2025₹10.8t₹5.3t₹272.7b33.3x39.7x2.1x
Wed, 17 Sep 2025₹11.0t₹5.3t₹271.9b32.8x40.6x2.1x
Fri, 15 Aug 2025₹10.0t₹5.3t₹271.9b29x36.6x1.9x
Sun, 13 Jul 2025₹10.2t₹5.2t₹270.2b31.5x37.9x2x
Tue, 10 Jun 2025₹10.1t₹5.2t₹270.9b31.6x37.4x2x
Thu, 08 May 2025₹9.2t₹5.0t₹278.4b28x32.9x1.8x
Sat, 05 Apr 2025₹8.2t₹5.0t₹276.8b27.4x29.6x1.7x
Mon, 03 Mar 2025₹8.0t₹5.0t₹276.7b27.6x28.8x1.6x
Wed, 29 Jan 2025₹8.9t₹4.9t₹279.4b27.5x31.8x1.8x
Fri, 27 Dec 2024₹10.1t₹4.9t₹278.6b32.4x36.3x2.1x
Sun, 24 Nov 2024₹10.1t₹4.9t₹278.5b30.8x36.2x2.1x
Tue, 22 Oct 2024₹10.9t₹4.8t₹277.4b33.6x39.4x2.3x
Thu, 19 Sep 2024₹11.2t₹4.8t₹278.6b34.3x40.3x2.4x
Sat, 17 Aug 2024₹10.8t₹4.8t₹278.0b33.2x38.9x2.3x
Mon, 15 Jul 2024₹11.2t₹4.7t₹268.8b32.4x41.6x2.4x
Wed, 12 Jun 2024₹10.4t₹4.7t₹268.9b29.6x38.5x2.2x
Fri, 10 May 2024₹9.2t₹4.6t₹245.1b29.2x37.5x2x
Sun, 07 Apr 2024₹9.0t₹4.5t₹242.8b31.2x37x2x
Tue, 05 Mar 2024₹9.0t₹4.5t₹242.7b31.1x37.1x2x
Thu, 01 Feb 2024₹8.9t₹4.4t₹226.1b31.6x39.5x2x
Sat, 30 Dec 2023₹8.4t₹4.4t₹222.7b31x37.8x1.9x
Mon, 27 Nov 2023₹7.9t₹4.4t₹222.7b29.4x35.3x1.8x
Wed, 25 Oct 2023₹7.4t₹4.2t₹199.3b27.6x37x1.7x
Fri, 22 Sep 2023₹7.6t₹4.2t₹197.4b27.8x38.5x1.8x
Sun, 20 Aug 2023₹7.2t₹4.2t₹197.1b28.1x36.8x1.7x
Tue, 18 Jul 2023₹7.2t₹4.1t₹176.1b27.3x40.8x1.8x
Thu, 15 Jun 2023₹6.6t₹4.1t₹175.5b24.7x37.7x1.6x
Sat, 13 May 2023₹6.3t₹4.0t₹166.5b23.2x37.7x1.6x
Mon, 10 Apr 2023₹5.7t₹4.0t₹160.6b22.9x35.3x1.4x
Wed, 08 Mar 2023₹5.9t₹4.0t₹160.1b20.8x36.7x1.5x
Fri, 03 Feb 2023₹5.9t₹3.8t₹156.1b22.8x37.7x1.5x
Sun, 01 Jan 2023₹5.9t₹3.8t₹154.9b24.4x37.9x1.5x
Price to Earnings Ratio

37.9x


Total Market Cap: ₹5.9tTotal Earnings: ₹154.9bTotal Revenue: ₹3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Components Industry Price to Earnings3Y Average 37.3x202320242025
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 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Auto Components industry have grown 24% 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 Market1.60%
Consumer Discretionary1.33%
Auto Components1.34%
Auto Parts and Equipment1.52%
Tires and Rubber0.38%
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 39.7x.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings growth of 10.6% per year.
  • Investors are most pessimistic about the Tires and Rubber industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 29.6x.
Forecasted Growth
  • Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Auto Parts and Equipment industry is expected to see its earnings grow by 19% 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
532539 Uno Minda₹1.29k5.4%
+₹37.9b		23.4%PE68.1x
517334 Samvardhana Motherson International₹119.552.0%
+₹24.8b		14.8%PE38.6x
532605 JBM Auto₹640.3517.8%
+₹22.8b		-20.1%PE72.7x
500493 Bharat Forge₹1.45k3.0%
+₹20.0b		10.3%PE64.3x
BELRISE Belrise Industries₹172.8310.8%
+₹15.0b		n/aPE33.8x

Latest News

532605
₹640.35
JBM Auto
7D
15.9%
1Y
-21.0%
SONACOMS
₹484.00
Sona BLW Precision Forgings
7D
-1.2%
1Y
-18.6%

SONACOMS: Robotics Partnership And Employee Incentives Will Shape Balanced Future Outlook

Analysts have nudged their price target for Sona BLW Precision Forgings slightly higher to approximately ₹540 from about ₹537, citing marginally stronger revenue growth expectations that more than offset a modest trim to forecast profit margins and a largely unchanged future earnings multiple. What's in the News The board has approved a memorandum of understanding with NEURA Robotics GmbH to jointly develop advanced robotics technologies and industrialize robots and humanoids for India and other agreed markets, strengthening Sona Comstar's position in intelligent automation solutions (company announcement).
532539
₹1,290.60
Uno Minda
7D
3.4%
1Y
21.8%

532539: Future Margin Gains And EV Investment Will Drive Bullish Repricing

Analysts have nudged their price target on Uno Minda slightly higher from ₹1,472 to ₹1,493. This reflects expectations of improved profit margins and a marginally richer future valuation multiple, even as they temper revenue growth assumptions and apply a higher discount rate.
530007
₹508.45
JK Tyre & Industries
7D
9.4%
1Y
32.8%
505714
₹1,048.20
Gabriel India
7D
9.3%
1Y
118.0%

505714: Future Partnerships And Dividend Policy Will Shape Balanced Outlook

Analysts have sharply revised their price target on Gabriel India higher, lifting fair value from ₹445.0 to ₹1,125.0. They cited slightly stronger expectations for revenue growth, modestly improved profit margins, and a materially higher future P E multiple. What's in the News Board approves interim dividend of INR 1.90 per share for FY 2025 to 2026, with record date on November 21, 2025 and payout by December 11, 2025 (Board meeting and dividend increase) Gabriel India plans to revise its joint venture structure with Inalfa Roof Systems for sunroof systems, increasing its proposed stake to 65% from 49%, subject to fresh regulatory approvals (Strategic alliance) Company signs a major joint venture with Korea based SK Enmove to enter the Indian lubricants and EV fluids market, with SK Enmove holding 51% and Gabriel India 49%, including acquisition of SK Enmove India operations (Strategic alliance) Board approves execution of the joint venture agreement with SK Enmove and incorporation of a subsidiary vehicle, enabling Gabriel India to invest up to INR 294.0 million for a 49% stake in the JV company (Board meeting and strategic alliance) Board clears incorporation of a wholly owned subsidiary as an investment vehicle to hold a 49% equity stake in the SK Enmove joint venture company (Business expansion) Valuation Changes Fair Value: raised significantly from ₹445.0 to ₹1,125.0 Discount Rate: increased slightly from 14.24 percent to 14.68 percent Revenue Growth: revised up modestly from 20.66 percent to 21.56 percent Net Profit Margin: nudged higher from 6.78 percent to 6.89 percent Future P E: expanded sharply from 19.0x to 44.6x
PRICOLLTD
₹631.30
Pricol
7D
-3.1%
1Y
9.6%

PRICOLLTD: Display Collaboration And Stable Margins Will Shape Future Outlook

Narrative Update on Pricol: Analyst Price Target Revision Analysts have modestly maintained their fair value estimate for Pricol at ₹650.00 per share, supported by largely unchanged assumptions on revenue growth, profit margins, discount rate, and future valuation multiples, which together reinforce their existing outlook on the stock. What's in the News Board meeting scheduled for November 6, 2025, to review and approve unaudited financial results for the quarter and half year ended September 30, 2025 (company filing) Memorandum of Understanding signed with BOE Varitronix Limited to establish an exclusive collaboration for localization of optical bonding of LCD/TFT displays in India, targeting 2-wheelers, three-wheelers, commercial vehicles, and off-road vehicles (company announcement) Initial phase of the BOE Varitronix partnership to focus on optical bonding using OCA, with potential expansion into backend assembly activities to deepen localization and reduce costs (company announcement) MoU with BOE Varitronix structured as a non related party transaction, with no promoter or group company interests, underscoring its arm's length and strategic nature (company announcement) Valuation Changes The consensus analyst price target and fair value estimate remain unchanged at ₹650.00 per share, indicating no revision to the core valuation anchor.
TIINDIA
₹2,595.70
Tube Investments of India
7D
-0.7%
1Y
-27.5%

TIINDIA: Upcoming Board Reclassification And Results Will Support Continued Share Strength

Narrative Update on Tube Investments of India The analyst consensus price target for Tube Investments of India was maintained at ₹3,665.83, as analysts cite largely unchanged assumptions for discount rate, revenue growth, profit margins, and future valuation multiples that support a steady fair value outlook. What's in the News Board meeting scheduled for November 5, 2025, at 11:50 IST to review and approve unaudited financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider a request from Yanmar Coromandel Agrisolutions Private Limited for reclassification from promoter and promoter group category to public shareholder category (company filing) Valuation Changes Fair Value Estimate (₹3,665.83) remained unchanged, indicating a stable overall valuation view.
ENDURANCE
₹2,582.10
Endurance Technologies
7D
-1.5%
1Y
18.6%
502355
₹2,298.75
Balkrishna Industries
7D
-4.1%
1Y
-17.9%

502355: Future Revenue Slowdown Will Likely Outweigh Modest Margin Improvement

Analysts have trimmed their price target on Balkrishna Industries slightly from ₹2,000 to ₹1,960, as they factor in a moderation in revenue growth assumptions partly offset by marginally stronger profit margins and a higher expected future P E multiple. What's in the News Board meeting scheduled for October 31, 2025, at 16:00 IST to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing) Board to consider declaration of a second interim dividend on equity shares for FY 2025-26, indicating potential near term shareholder payout (company filing) Meeting agenda also includes consideration of other corporate matters, leaving scope for additional governance or strategic decisions (company filing) Valuation Changes Fair Value: Trimmed slightly from ₹2,000 to ₹1,960, implying a modest reduction in the intrinsic value estimate.
500493
₹1,449.85
Bharat Forge
7D
2.6%
1Y
9.6%

500493: Expanded Aerospace Agreements Will Support Balanced Medium Term Prospects

Narrative Update on Bharat Forge Analysts have modestly raised their fair value estimate for Bharat Forge from Rs 1,310.72 to Rs 1,319.96. This reflects slightly lower perceived risk, broadly steady growth and margin expectations, and a marginally higher future earnings multiple.
VARROC
₹616.95
Varroc Engineering
7D
-2.6%
1Y
3.1%

VARROC: Future EV Electronics Deal Will Likely Struggle To Justify Current Pricing

Analysts have raised their fair value estimate for Varroc Engineering from ₹480 to ₹550 per share, reflecting expectations of slightly stronger revenue growth, marginally improved profit margins and a higher justified future earnings multiple. What's in the News Won a major multi-year supply program with an electric vehicle OEM to provide high-voltage electronics for e-powertrain components, including inverters, onboard chargers, battery management systems and DC DC converters, with peak annual revenue potential of about INR 8,000 million over an 8-year delivery period (Key Developments) Will manufacture the new high-voltage electronics portfolio for the EV partnership from its established facility in Romania, enhancing utilization of its European footprint and reinforcing its position in the global passenger vehicle electronics market (Key Developments) The EV electronics agreement aligns with Varroc's strategy to accelerate growth in electronics, lighting and electric powertrain solutions, supported by ongoing investments in advanced technologies, systems integration and design capabilities for e-mobility and ADAS (Key Developments) Scheduled a Board Meeting on November 12, 2025 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to discuss other business matters (Key Developments) Called a Special or Extraordinary Shareholders Meeting on December 13, 2025 via postal ballot in India to consider the appointment of Avinash Ramdas Chintawar as director or whole-time director (Key Developments) Valuation Changes The Fair Value Estimate has increased from ₹480 to ₹550 per share, implying a moderate upward revision in the intrinsic value assessment.
APOLLOTYRE
₹511.70
Apollo Tyres
7D
2.5%
1Y
-4.3%

We Like These Underlying Return On Capital Trends At Apollo Tyres (NSE:APOLLOTYRE)

Dec 12
We Like These Underlying Return On Capital Trends At Apollo Tyres (NSE:APOLLOTYRE)
TENNIND
₹495.75
Tenneco Clean Air India
7D
11.7%
1Y
n/a
BELRISE
₹172.83
Belrise Industries
7D
9.7%
1Y
n/a

Belrise Industries (NSE:BELRISE) Seems To Use Debt Quite Sensibly

Dec 01
Belrise Industries (NSE:BELRISE) Seems To Use Debt Quite Sensibly
515030
₹969.70
Asahi India Glass
7D
-2.5%
1Y
30.1%
520056
₹14,073.65
TVS Holdings
7D
-0.7%
1Y
29.3%