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Indian (NIFTY) Auto Components Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies132
  • 7D-2.8%
  • 3M-1.6%
  • 1Y8.3%
  • YTD-2.8%

Over the last 7 days, the Auto Components industry has dropped 4.2%, driven by pullbacks in Samvardhana Motherson International and Uno Minda of 3.9% and 6.1%, respectively. Over the past 12 months, the industry was up 9.3%. 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
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
Sat, 25 Feb 2023₹5.8t₹4.0t₹160.1b20.3x36.4x1.5x
Mon, 23 Jan 2023₹5.8t₹3.8t₹155.0b23.7x37.5x1.5x
Price to Earnings Ratio

37.5x


Total Market Cap: ₹5.8tTotal Earnings: ₹155.0bTotal Revenue: ₹3.8tTotal 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 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 Market-0.86%
Consumer Discretionary-1.81%
Auto Components-2.85%
Tires and Rubber-0.05%
Auto Parts and Equipment-3.35%
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 39.8x.
    • Analysts are expecting annual earnings growth of 19.3%, 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 29.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tires and Rubber industry, expecting annual earnings growth of 23% 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
502355 Balkrishna Industries₹2.43k2.1%
+₹9.7b		-11.0%PE34x
APOLLOTYRE Apollo Tyres₹527.951.5%
+₹5.1b		15.9%PE42.3x
505242 Dynamatic Technologies₹9.11k2.7%
+₹1.7b		23.2%PE183.5x
500472 SKF India₹1.86k1.5%
+₹1.3b		-56.2%PE17.1x
532509 Suprajit Engineering₹463.051.1%
+₹720.1m		14.4%PE39.8x

Latest News

500464
₹129.20
UCAL
7D
19.3%
1Y
-28.2%
500472
₹1,859.80
SKF India
7D
1.5%
1Y
-56.2%

500472: Demerger Will Drive Future Margin Upside Despite Lower Fair Value Estimate

Analysts have cut their fair value estimate for SKF India from ₹3,858.63 to ₹3,010.13, citing slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News Board meeting scheduled for November 14, 2025 at 16:00 IST to review and approve unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2025 (company filing).
MSUMI
₹46.07
Motherson Sumi Wiring India
7D
-5.3%
1Y
21.7%

MSUMI: Future Earnings Visibility Will Support Fairly Valued Premium Market Multiple

Analysts have nudged their price target for Motherson Sumi Wiring India up by about ₹1 per share to roughly ₹53, citing slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News Board meeting scheduled for Nov 05, 2025 to consider and approve unaudited financial results for the second quarter and half year ended Sep 30, 2025 (company filing) Board meeting set for Dec 19, 2025 to consider and approve an Employee Stock Option Scheme in line with SEBI share based employee benefits and sweat equity regulations, 2021 (company filing) Board meeting planned for Jan 30, 2026 to consider and approve unaudited financial results for the third quarter and nine months ended Dec 31, 2025 (company filing) Valuation Changes Fair Value: Updated fair value per share has been adjusted from about ₹52.15 to about ₹53.15, a modest upward move of roughly ₹1.
APOLLOTYRE
₹527.95
Apollo Tyres
7D
1.5%
1Y
15.9%

APOLLOTYRE: Future Returns Will Reflect Repriced Credit Risk And Supportive Capital Markets

Narrative Update on Apollo Tyres The latest analyst work trims the implied fair value for Apollo Tyres from ₹564.74 to ₹562.83, as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions bring price targets in line with recent peer group updates from analysts on alternative asset managers. Analyst Commentary Recent research on alternative asset managers is being used as a reference point for revisiting assumptions on Apollo Tyres, particularly around discount rates, earnings resilience and appropriate P/E ranges.
520056
₹14,153.50
TVS Holdings
7D
-5.7%
1Y
47.3%
532539
₹1,192.50
Uno Minda
7D
-6.1%
1Y
8.6%

532539: Future EV Investments Will Drive Bullish Repricing

Analysts have raised their price target on Uno Minda slightly to ₹1,500 from ₹1,493, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that together refine their view of the company’s valuation profile. What's in the News Board meeting scheduled for December 1, 2025, at 09:40 Indian Standard Time to review the proposed acquisition of the entire 49.90% equity stake held by Buehler Motor GmbH in Uno Minda Buehler Motor Private Limited, which is currently a subsidiary of Uno Minda (Key Developments).
502355
₹2,425.30
Balkrishna Industries
7D
2.1%
1Y
-11.0%

502355: Future Revenue Slowdown Will Likely Outweigh Stable Profit Assumptions

Analysts kept their fair value estimate for Balkrishna Industries steady at ₹1,960, citing only modest tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E that were not material enough to shift the overall price target. What's in the News Balkrishna Industries has scheduled a Special and Extraordinary Shareholders Meeting on January 22, 2026, to be conducted via postal ballot in India (company filing).
TENNIND
₹533.10
Tenneco Clean Air India
7D
0.3%
1Y
n/a
523828
₹126.45
Menon Bearings
7D
3.6%
1Y
5.0%
SHRIPISTON
₹2,989.90
Shriram Pistons & Rings
7D
-9.0%
1Y
52.5%

SHRIPISTON: Stable Assumptions And Upcoming Results Will Support Continued Share Price Upside

Analysts have kept their fair value estimate for Shriram Pistons & Rings steady at ₹4,650. Only small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions informed this unchanged price target.
517334
₹113.50
Samvardhana Motherson International
7D
-3.9%
1Y
14.2%

517334: Higher Fair Value And Upcoming Board Actions Will Support Shares

Analysts have lifted their price target for Samvardhana Motherson International from ₹130.00 to ₹150.00, reflecting updated assumptions for higher revenue growth, a slightly different discount rate, a lower future P/E multiple, and a small change in expected profit margin. What's in the News A board meeting is scheduled for December 22, 2025, for Samvardhana Motherson International Limited.
TIINDIA
₹2,354.80
Tube Investments of India
7D
-6.1%
1Y
-29.1%

Returns At Tube Investments of India (NSE:TIINDIA) Appear To Be Weighed Down

Jan 06
Returns At Tube Investments of India (NSE:TIINDIA) Appear To Be Weighed Down
500530
₹37,447.75
Bosch
7D
-3.1%
1Y
19.4%

500530: Future Earnings Will Struggle To Justify Current Market Optimism

Analysts have raised their fair value estimate for Bosch from ₹26,900 to ₹27,700. This reflects modestly stronger revenue growth assumptions that more than offset a slightly higher discount rate, along with broadly stable margin and valuation expectations.
MRF
₹145,665.00
MRF
7D
-2.1%
1Y
27.3%

Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement

Dec 27
Slowing Rates Of Return At MRF (NSE:MRF) Leave Little Room For Excitement
505242
₹9,106.85
Dynamatic Technologies
7D
2.7%
1Y
23.2%
532509
₹463.05
Suprajit Engineering
7D
1.1%
1Y
14.4%