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Indian (NIFTY) Auto Components Industry Analysis
UpdatedSep 23, 2023
DataAggregated Company Financials
Companies122
- 7D-2.0%
- 3M11.2%
- 1Y30.8%
- YTD26.6%
Over the last 7 days, the Auto Components industry has dropped 2.0%, driven by declines in Tube Investments of India and Bharat Forge of 3.6% and 3.9%, respectively. Meanwhile, Varroc Engineering actually outperformed within the industry, gaining 7.0% in the last week. Over the past 12 months, the industry was up 31%. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Indian Auto Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | ₹7.6t | ₹4.2t | ₹197.4b | 27.9x | 38.4x | 1.8x |
| Mon, 21 Aug 2023 | ₹7.2t | ₹4.2t | ₹197.1b | 28.1x | 36.8x | 1.7x |
| Wed, 19 Jul 2023 | ₹7.2t | ₹4.1t | ₹176.1b | 26.9x | 40.7x | 1.8x |
| Fri, 16 Jun 2023 | ₹6.6t | ₹4.1t | ₹175.5b | 24.6x | 37.9x | 1.6x |
| Sun, 14 May 2023 | ₹6.3t | ₹4.0t | ₹166.4b | 23.2x | 37.7x | 1.6x |
| Tue, 11 Apr 2023 | ₹5.7t | ₹4.0t | ₹160.6b | 23.1x | 35.3x | 1.4x |
| Thu, 09 Mar 2023 | ₹5.9t | ₹4.0t | ₹160.1b | 20.8x | 36.9x | 1.5x |
| Sat, 04 Feb 2023 | ₹5.9t | ₹3.8t | ₹156.3b | 22.6x | 37.7x | 1.5x |
| Mon, 02 Jan 2023 | ₹5.9t | ₹3.8t | ₹154.9b | 24.4x | 37.9x | 1.5x |
| Wed, 30 Nov 2022 | ₹5.9t | ₹3.8t | ₹154.9b | 22.6x | 38.1x | 1.6x |
| Fri, 28 Oct 2022 | ₹5.6t | ₹3.6t | ₹150.7b | 23.3x | 37.4x | 1.6x |
| Sun, 25 Sep 2022 | ₹5.7t | ₹3.5t | ₹146.1b | 22.7x | 39x | 1.6x |
| Tue, 23 Aug 2022 | ₹5.6t | ₹3.5t | ₹146.1b | 21.8x | 38.1x | 1.6x |
| Thu, 21 Jul 2022 | ₹5.5t | ₹3.3t | ₹136.1b | 25.5x | 40.2x | 1.7x |
| Sat, 18 Jun 2022 | ₹4.7t | ₹3.3t | ₹135.4b | 21.3x | 34.7x | 1.4x |
| Mon, 16 May 2022 | ₹4.9t | ₹3.3t | ₹135.1b | 19.6x | 36.2x | 1.5x |
| Wed, 13 Apr 2022 | ₹5.4t | ₹3.3t | ₹137.5b | 22.9x | 39.2x | 1.6x |
| Fri, 11 Mar 2022 | ₹4.9t | ₹3.3t | ₹137.3b | 21.8x | 35.5x | 1.5x |
| Sun, 06 Feb 2022 | ₹5.6t | ₹3.3t | ₹146.2b | 21.8x | 38x | 1.7x |
| Tue, 04 Jan 2022 | ₹5.6t | ₹3.3t | ₹150.2b | 21.3x | 37.2x | 1.7x |
| Thu, 02 Dec 2021 | ₹5.3t | ₹3.3t | ₹150.2b | 18.8x | 35.1x | 1.6x |
| Sat, 30 Oct 2021 | ₹5.3t | ₹3.2t | ₹142.2b | 20.7x | 36.9x | 1.7x |
| Mon, 27 Sep 2021 | ₹5.1t | ₹3.1t | ₹141.5b | 20.8x | 36.4x | 1.7x |
| Wed, 25 Aug 2021 | ₹4.8t | ₹3.1t | ₹142.1b | 20.3x | 33.5x | 1.5x |
| Thu, 01 Jul 2021 | ₹4.8t | ₹3.1t | ₹142.1b | 18.5x | 33.7x | 1.5x |
| Sun, 04 Apr 2021 | ₹4.1t | ₹2.7t | ₹85.6b | 23.2x | 47.4x | 1.5x |
| Wed, 06 Jan 2021 | ₹3.5t | ₹2.5t | ₹56.7b | 29.9x | 62.1x | 1.4x |
| Sat, 10 Oct 2020 | ₹2.9t | ₹2.3t | ₹38.5b | 27.1x | 76.4x | 1.3x |
Price to Earnings Ratio
76.4x
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 38.4x which is lower than its 3-year average PE of 44.2x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 72% per year over the last three years.
- Revenues for these companies have grown 22% 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 | -1.77% | |
| Consumer Discretionary | -1.35% | |
| Auto Components | -1.97% | |
| Tires and Rubber | 0.018% | |
| Auto Parts and Equipment | -2.42% | |
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 69.7x.
- Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings growth of 20.5% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading close to its 3-year average of 28.8x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VARROC Varroc Engineering | ₹482.45 | 7.0% +₹4.8b | 27.1% | PE78.6x | |
| 530007 JK Tyre & Industries | ₹278.25 | 7.5% +₹4.8b | 63.5% | PE18.1x | |
| 520056 TVS Holdings | ₹5.67k | 2.4% +₹4.5b | 22.5% | PE27.5x | |
| 515030 Asahi India Glass | ₹618.35 | 2.9% +₹4.3b | 1.4% | PE41.5x | |
| 505242 Dynamatic Technologies | ₹4.22k | 9.5% +₹2.5b | 81.1% | PE37.8x |