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Indian (NIFTY) Auto Components Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies132
  • 7D1.4%
  • 3M-8.0%
  • 1Y11.6%
  • YTD-8.0%

The Auto Components industry is up 1.4% in the last week, with Schaeffler India up 9.1%. In the same time, MRF was down 5.5%. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026₹11.0t₹5.8t₹315.3b28.1x34.8x1.9x
Wed, 18 Feb 2026₹12.1t₹5.8t₹314.1b30.7x38.5x2.1x
Fri, 16 Jan 2026₹11.6t₹5.6t₹298.9b31.1x38.8x2.1x
Sun, 14 Dec 2025₹11.8t₹5.6t₹298.9b32.4x39.4x2.1x
Tue, 11 Nov 2025₹11.1t₹5.4t₹282.1b32.3x39.2x2x
Thu, 09 Oct 2025₹10.8t₹5.3t₹271.9b32.9x39.7x2x
Sat, 06 Sep 2025₹10.5t₹5.3t₹271.9b29.5x38.5x2x
Mon, 04 Aug 2025₹10.0t₹5.2t₹268.9b30.1x37.1x1.9x
Wed, 02 Jul 2025₹10.2t₹5.2t₹270.2b30.6x37.6x2x
Fri, 30 May 2025₹9.8t₹5.1t₹274.6b31.9x35.8x1.9x
Sun, 27 Apr 2025₹8.7t₹5.0t₹276.7b28.8x31.4x1.8x
Tue, 25 Mar 2025₹8.8t₹5.0t₹276.7b28.4x31.8x1.8x
Thu, 20 Feb 2025₹8.3t₹5.0t₹276.7b26.6x30.1x1.7x
Sat, 18 Jan 2025₹9.6t₹4.9t₹277.8b30.9x34.6x2x
Mon, 16 Dec 2024₹10.5t₹4.9t₹278.6b33.4x37.8x2.2x
Wed, 13 Nov 2024₹10.1t₹4.8t₹276.9b31.2x36.6x2.1x
Fri, 11 Oct 2024₹11.2t₹4.8t₹278.3b33.1x40.2x2.3x
Sun, 08 Sep 2024₹11.0t₹4.8t₹278.0b34.9x39.5x2.3x
Tue, 06 Aug 2024₹10.6t₹4.6t₹271.4b32.5x39.2x2.3x
Thu, 04 Jul 2024₹11.4t₹4.7t₹268.7b31.8x42.3x2.4x
Sat, 01 Jun 2024₹9.9t₹4.7t₹267.9b28.6x36.9x2.1x
Mon, 29 Apr 2024₹9.2t₹4.5t₹242.9b30.7x37.9x2x
Wed, 27 Mar 2024₹8.7t₹4.5t₹242.7b29.5x35.9x1.9x
Fri, 23 Feb 2024₹8.9t₹4.5t₹242.6b31.4x36.8x2x
Sun, 21 Jan 2024₹8.8t₹4.4t₹222.0b30.9x39.7x2x
Tue, 19 Dec 2023₹8.3t₹4.4t₹222.7b30.8x37.2x1.9x
Thu, 16 Nov 2023₹7.8t₹4.4t₹222.6b28.5x34.9x1.8x
Sat, 14 Oct 2023₹7.6t₹4.2t₹197.5b28.8x38.5x1.8x
Mon, 11 Sep 2023₹7.7t₹4.2t₹197.2b29.1x39.2x1.8x
Wed, 09 Aug 2023₹7.3t₹4.1t₹187.3b29.2x38.8x1.8x
Fri, 07 Jul 2023₹7.1t₹4.1t₹176.1b26.9x40.1x1.7x
Sun, 04 Jun 2023₹6.4t₹4.1t₹175.5b24.4x36.7x1.6x
Tue, 02 May 2023₹6.0t₹4.0t₹160.6b24.1x37.3x1.5x
Thu, 30 Mar 2023₹5.5t₹4.0t₹160.6b21.3x34.3x1.4x
Price to Earnings Ratio

34.3x


Total Market Cap: ₹5.5tTotal 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-0.17%
Consumer Discretionary1.44%
Auto Components1.41%
Auto Parts and Equipment2.05%
Tires and Rubber-2.32%
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 20.7%, which is higher than its past year's earnings growth of 13.5% per year.
  • Investors are most pessimistic about the Tires and Rubber industry, which is trading below its 3-year average of 29.1x.
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
505790 Schaeffler India₹4.18k9.1%
+₹54.3b		13.4%PE56.8x
532539 Uno Minda₹1.07k5.0%
+₹29.5b		9.3%PE54.1x
532605 JBM Auto₹568.1514.8%
+₹17.4b		0.09%PE63.7x
500493 Bharat Forge₹1.71k2.2%
+₹17.3b		45.0%PE72.5x
TIINDIA Tube Investments of India₹2.54k3.2%
+₹15.3b		-11.7%PE82.1x

Latest News

517334
₹111.60
Samvardhana Motherson International
7D
-1.9%
1Y
27.3%
505790
₹4,180.40
Schaeffler India
7D
9.1%
1Y
13.4%

505790: Dividend And Board Actions Will Shape A Constructive Outlook

The analyst fair value estimate for Schaeffler India has shifted slightly higher from about ₹4,710 to roughly ₹4,787, with analysts pointing to updated assumptions on the discount rate, long term revenue growth, profit margin and future P/E as the key drivers behind the change. What's in the News A board meeting is scheduled for Feb 24, 2026, to review the audited standalone and consolidated financial results for the quarter and year ended Dec 31, 2025, consider a dividend recommendation for 2025, and discuss the upcoming AGM (company announcement).
532539
₹1,065.10
Uno Minda
7D
5.0%
1Y
9.3%

532539: New Alloy Wheel Capacity And Green Power Sourcing Will Drive Repricing

Analysts have kept their price target for Uno Minda steady at ₹1,575, citing slightly adjusted assumptions around the discount rate, revenue growth, profit margins and future P/E that together support the existing valuation view. What's in the News The board approved a new AW4W plant in the LPS domain at Chhatrapati Sambhajinagar, Maharashtra, with a planned capacity of up to 1.80 million alloy wheels per year in phases (board meeting, February 5, 2026).
502355
₹2,104.30
Balkrishna Industries
7D
-5.4%
1Y
-19.3%

502355: New Distribution Tie Up And Governance Moves Will Shape Fairly Valued Outlook

Analysts have trimmed their price target on Balkrishna Industries slightly, with fair value moving from about ₹2,384.67 to ₹2,337.00. This reflects modest adjustments to long term assumptions for discount rate, revenue growth, profit margin and future P/E.
532605
₹568.15
JBM Auto
7D
14.8%
1Y
0.09%
ENDURANCE
₹2,280.30
Endurance Technologies
7D
-5.1%
1Y
16.1%

ENDURANCE: Future Returns Will Be Supported By Modestly Improved Margins

Analysts have trimmed their price target for Endurance Technologies slightly, from about ₹2,972 to roughly ₹2,950, reflecting modest adjustments to assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled for February 12, 2026, to consider and approve unaudited standalone financial results for the quarter and nine months ending December 31, 2025 (Key Developments).
500493
₹1,711.85
Bharat Forge
7D
2.2%
1Y
45.0%

500493: Defence And Aerospace Orders Will Drive Future Upside Potential

Analysts have revised their price target on Bharat Forge from ₹1,578 to ₹2,150, citing updated assumptions on revenue growth, profit margins, discount rate and forward P/E that together point to a higher assessed fair value for the stock. What's in the News Bharat Forge inaugurated a landing gear components machining facility in Mundhwa, Pune, developed with Liebherr Aerospace & Transportation SAS.
SUNDRMFAST
₹813.00
Sundram Fasteners
7D
-1.1%
1Y
-13.2%

SUNDRMFAST: Future Leadership Continuity Will Support Rebased Earnings Expectations

Analysts have reset the price target on Sundram Fasteners from ₹1,576 to ₹1,190, reflecting updated views on revenue growth assumptions, profit margins, and a lower future P/E expectation. What's in the News A special and extraordinary shareholders meeting is scheduled via postal ballot in India on Mar 17, 2026 to consider approval of the reappointment and remuneration of Ms Arathi Krishna as Managing Director for a further five-year term from May 3, 2026 to May 2, 2031 (company event filing).
SANSERA
₹2,177.90
Sansera Engineering
7D
11.5%
1Y
75.3%

SANSERA: Joint Venture With Nichidai And Stable Outlook Will Guide Balanced Returns

Narrative Update Analysts have kept their fair value estimate for Sansera Engineering broadly unchanged around ₹2,253.56, with minor tweaks to the discount rate, revenue growth, profit margin and future P/E inputs informing a refreshed price target narrative. What's in the News Board meeting scheduled on Jan 29, 2026, to consider and approve the execution of a joint venture agreement between Sansera Engineering and Nichidai, and the incorporation of a new joint venture company to undertake the proposed business (Key Developments).
500472
₹1,542.25
SKF India
7D
-2.6%
1Y
-59.6%

500472: Upcoming Results And Lower Future P/E Will Support Bullish Repricing

Analysts have trimmed their price target on SKF India from ₹3,008.63 to ₹2,338.43, citing updated assumptions around the discount rate, revenue contraction, profit margins, and a lower future P/E multiple. What's in the News Board meeting scheduled for February 5, 2026 at 16:00 IST to review unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, and to consider other business matters (Key Developments).
MSUMI
₹36.98
Motherson Sumi Wiring India
7D
-5.4%
1Y
2.3%

MSUMI: Upcoming Governance Decisions And ESOP Plan Will Support Earnings Visibility

Analysts have kept their price target for Motherson Sumi Wiring India broadly unchanged at about ₹53 per share, reflecting largely stable assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for Jan 30, 2026 to consider and approve unaudited financial results for the third quarter and nine months ended Dec 31, 2025 (company filing).
TIINDIA
₹2,537.30
Tube Investments of India
7D
3.2%
1Y
-11.7%

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
₹420.85
Apollo Tyres
7D
5.1%
1Y
-1.2%

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.
MRF
₹127,535.00
MRF
7D
-5.5%
1Y
13.8%

Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report

Feb 10
Analyst Estimates: Here's What Brokers Think Of MRF Limited (NSE:MRF) After Its Third-Quarter Report
TENNIND
₹546.50
Tenneco Clean Air India
7D
6.5%
1Y
n/a
515030
₹811.45
Asahi India Glass
7D
-2.2%
1Y
29.6%