Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Auto Components Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies132
  • 7D-0.2%
  • 3M-10.6%
  • 1Y9.2%
  • YTD-11.7%

In the last week, Auto Components has been flat. As for the the longer term, the industry is up 9.2% over the past 12 months. 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
Tue, 31 Mar 2026₹10.5t₹5.8t₹315.3b26.3x33.4x1.8x
Thu, 26 Feb 2026₹12.3t₹5.8t₹315.2b30.1x39.1x2.1x
Sat, 24 Jan 2026₹11.0t₹5.6t₹299.5b28.4x36.8x2x
Mon, 22 Dec 2025₹11.9t₹5.6t₹298.9b32.3x39.8x2.1x
Wed, 19 Nov 2025₹11.1t₹5.5t₹288.9b30.7x38.4x2x
Fri, 17 Oct 2025₹10.9t₹5.3t₹271.9b33.9x40x2.1x
Sun, 14 Sep 2025₹10.8t₹5.3t₹271.9b31.8x39.6x2x
Tue, 12 Aug 2025₹9.8t₹5.2t₹275.5b29.6x35.7x1.9x
Thu, 10 Jul 2025₹10.3t₹5.2t₹270.2b32.5x38.2x2x
Sat, 07 Jun 2025₹10.0t₹5.2t₹270.9b31.6x37x1.9x
Mon, 05 May 2025₹8.8t₹5.0t₹276.5b28.3x31.9x1.8x
Wed, 02 Apr 2025₹8.5t₹5.0t₹276.8b27.5x30.8x1.7x
Fri, 28 Feb 2025₹8.2t₹5.0t₹276.7b28.4x29.5x1.6x
Sun, 26 Jan 2025₹9.1t₹4.9t₹277.8b29.4x32.9x1.9x
Tue, 24 Dec 2024₹10.1t₹4.9t₹278.6b31.6x36.2x2.1x
Thu, 21 Nov 2024₹10.1t₹4.9t₹278.0b30.9x36.4x2.1x
Sat, 19 Oct 2024₹11.0t₹4.8t₹277.4b33.2x39.8x2.3x
Mon, 16 Sep 2024₹11.3t₹4.8t₹278.7b34.7x40.5x2.4x
Wed, 14 Aug 2024₹10.6t₹4.7t₹273.2b33x38.9x2.3x
Fri, 12 Jul 2024₹11.3t₹4.7t₹268.9b32.1x42.1x2.4x
Sun, 09 Jun 2024₹10.3t₹4.7t₹268.9b28.7x38.1x2.2x
Tue, 07 May 2024₹9.3t₹4.6t₹244.1b30.3x37.9x2x
Thu, 04 Apr 2024₹9.0t₹4.5t₹242.8b30.6x36.9x2x
Sat, 02 Mar 2024₹9.0t₹4.5t₹242.7b31x37.1x2x
Mon, 29 Jan 2024₹8.8t₹4.4t₹225.5b30.7x39.1x2x
Wed, 27 Dec 2023₹8.2t₹4.4t₹222.7b30.5x37x1.9x
Fri, 24 Nov 2023₹7.9t₹4.4t₹222.7b29.3x35.4x1.8x
Sun, 22 Oct 2023₹7.6t₹4.2t₹199.7b29.2x37.9x1.8x
Tue, 19 Sep 2023₹7.7t₹4.2t₹197.4b28.2x39.1x1.8x
Thu, 17 Aug 2023₹7.2t₹4.2t₹197.1b27.5x36.7x1.7x
Sat, 15 Jul 2023₹7.2t₹4.1t₹176.1b27.6x40.8x1.8x
Mon, 12 Jun 2023₹6.5t₹4.1t₹175.5b24.2x37.1x1.6x
Wed, 10 May 2023₹6.2t₹4.0t₹163.6b24.9x37.8x1.5x
Fri, 07 Apr 2023₹5.7t₹4.0t₹160.6b22.9x35.3x1.4x
Price to Earnings Ratio

35.3x


Total Market Cap: ₹5.7tTotal 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 pessimistic on the Indian Auto Components industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 33.4x which is lower than its 3-year average PE of 37.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
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-0.82%
Consumer Discretionary-0.66%
Auto Components-0.23%
Tires and Rubber1.31%
Auto Parts and Equipment-0.48%
Industry PE
  • Investors are most optimistic about the Auto Parts and Equipment industry even though it's trading below its 3-year average PE ratio of 40.0x.
    • Analysts are expecting annual earnings growth of 20.8%, 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 Auto Parts and Equipment industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Tires and Rubber 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
MRF MRF₹128.50k2.8%
+₹14.9b		14.0%PE24.4x
500493 Bharat Forge₹1.68k1.7%
+₹13.4b		43.6%PE71x
ASKAUTOLTD ASK Automotive₹444.7512.7%
+₹9.9b		-0.2%PE30.9x
TIINDIA Tube Investments of India₹2.52k1.9%
+₹9.0b		-9.1%PE81.5x
502355 Balkrishna Industries₹2.08k2.2%
+₹8.5b		-18.3%PE30.7x

Latest News

MSUMI
₹36.90
Motherson Sumi Wiring India
7D
2.8%
1Y
6.2%

MSUMI: ESOP Scheme And Board Decisions Will Support Future Earnings Visibility

Analysts have kept their price target for Motherson Sumi Wiring India broadly steady at around ₹53, citing only small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions rather than any major change in their view on the company. What's in the News A board meeting is 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).
APOLLOTYRE
₹412.30
Apollo Tyres
7D
3.2%
1Y
-3.2%

APOLLOTYRE: Future Returns Will Reflect Andhra Pradesh Capacity Expansion Execution

Analysts have slightly reduced the Apollo Tyres fair value estimate, adjusting the target from ₹562.71 to ₹558.61 as they refine assumptions on discount rate, revenue growth, profit margin and future P/E in line with recent sector research trends. Analyst Commentary Recent changes in fair value estimates for Apollo Tyres sit against a backdrop of busy activity around alternative asset managers that share the Apollo name.
ZFCVINDIA
₹13,768.00
ZF Commercial Vehicle Control Systems India
7D
3.3%
1Y
6.0%

ZFCVINDIA: ADAS Regulation Tailwinds Will Support Future Upside Potential

Analysts are maintaining their price target for ZF Commercial Vehicle Control Systems India at ₹17,750, reflecting only minor adjustments to assumptions such as the discount rate, long-term revenue growth, profit margin and future P/E, which leave the overall valuation view essentially unchanged. What's in the News Board meeting scheduled on Feb 10, 2026 at 14:05 IST to review unaudited standalone and consolidated financial results for the quarter ended Dec 31, 2025 and to consider and approve a postal ballot process to seek shareholder approval (Board Meeting).
500530
₹28,733.10
Bosch
7D
-1.4%
1Y
1.4%
500878
₹3,242.35
CEAT
7D
-4.5%
1Y
12.5%

500878: Renewables Investment And Debt Funding Will Likely Keep Expectations Grounded

Analysts have trimmed their price target on CEAT slightly to around ₹3,449 from about ₹3,494, reflecting updated assumptions on the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News A board meeting is scheduled on January 14, 2026 to consider investing in Clean Max Como Private Limited and Clean Max Emerald Private Limited for developing 59 MW hybrid wind solar projects in Gujarat and Tamil Nadu, indicating planned capital allocation toward renewable power sourcing (Key Developments).
517334
₹105.10
Samvardhana Motherson International
7D
-1.4%
1Y
20.3%
532605
₹515.30
JBM Auto
7D
-4.6%
1Y
-12.6%
TIINDIA
₹2,517.30
Tube Investments of India
7D
1.9%
1Y
-9.1%

TIINDIA: Board Decisions On Interim Dividend Will Support Future Share Strength

Analysts have kept their ₹3,175 price target on Tube Investments of India unchanged, pointing to only marginal tweaks in assumptions, such as a slightly lower discount rate, an unchanged revenue trajectory and profit margin, and a small adjustment to the future P/E multiple. Analyst Commentary With the ₹3,175 target maintained, recent commentary around Tube Investments of India mainly focuses on how well the company can execute against existing expectations rather than on big changes to the financial model.
505790
₹3,844.70
Schaeffler India
7D
-2.8%
1Y
14.1%

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).
502355
₹2,082.55
Balkrishna Industries
7D
2.2%
1Y
-18.3%

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.
500493
₹1,676.05
Bharat Forge
7D
1.7%
1Y
43.6%

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
₹749.05
Sundram Fasteners
7D
-6.0%
1Y
-18.0%

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).
ASKAUTOLTD
₹444.75
ASK Automotive
7D
12.7%
1Y
-0.2%

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.
MRF
₹128,495.00
MRF
7D
2.8%
1Y
14.0%

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
₹515.10
Tenneco Clean Air India
7D
-4.0%
1Y
n/a
515030
₹785.60
Asahi India Glass
7D
-2.2%
1Y
30.5%