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Indian (NIFTY) Auto Parts and Equipment Industry Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies116
  • 7D0.7%
  • 3M-3.2%
  • 1Y6.2%
  • YTDn/a

The Auto Parts and Equipment is pretty flat in the last 7 days, but ZF Commercial Vehicle Control Systems India has stood out, gaining 10%. As for the the longer term, the industry is up 6.2% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the Indian Auto Parts and Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Dec 2025₹10.1t₹4.6t₹246.5b31.5x40.9x2.2x
Wed, 19 Nov 2025₹9.3t₹4.5t₹236.5b30.3x39.3x2.1x
Fri, 17 Oct 2025₹9.1t₹4.3t₹220.4b33x41.4x2.1x
Sun, 14 Sep 2025₹9.1t₹4.3t₹220.4b31.5x41.1x2.1x
Tue, 12 Aug 2025₹8.2t₹4.2t₹223.2b29.4x36.7x1.9x
Thu, 10 Jul 2025₹8.5t₹4.2t₹212.2b32.5x40.3x2.1x
Sat, 07 Jun 2025₹8.3t₹4.2t₹212.8b31.8x39.1x2x
Mon, 05 May 2025₹7.1t₹4.0t₹216.0b27.8x33x1.8x
Wed, 02 Apr 2025₹7.0t₹4.0t₹216.2b27x32.5x1.8x
Fri, 28 Feb 2025₹6.7t₹4.0t₹216.1b27.3x31x1.7x
Sun, 26 Jan 2025₹7.6t₹3.9t₹213.0b28.9x35.7x1.9x
Tue, 24 Dec 2024₹8.3t₹3.9t₹212.9b31x39.1x2.1x
Thu, 21 Nov 2024₹8.4t₹3.9t₹212.5b30.7x39.7x2.2x
Sat, 19 Oct 2024₹9.3t₹3.8t₹207.4b33.2x44.7x2.4x
Mon, 16 Sep 2024₹9.4t₹3.8t₹207.9b34.8x45.3x2.5x
Wed, 14 Aug 2024₹8.9t₹3.7t₹202.5b33x44x2.4x
Fri, 12 Jul 2024₹9.5t₹3.7t₹199.2b32.2x47.6x2.5x
Sun, 09 Jun 2024₹8.5t₹3.7t₹199.3b29x42.7x2.3x
Tue, 07 May 2024₹7.7t₹3.6t₹175.8b30.4x43.5x2.1x
Thu, 04 Apr 2024₹7.3t₹3.6t₹174.8b30.8x42x2x
Sat, 02 Mar 2024₹7.3t₹3.6t₹174.8b31x41.7x2x
Mon, 29 Jan 2024₹7.1t₹3.5t₹164.6b30.3x43x2x
Wed, 27 Dec 2023₹6.7t₹3.5t₹165.2b30.5x40.6x1.9x
Fri, 24 Nov 2023₹6.4t₹3.5t₹165.3b29.3x38.7x1.8x
Sun, 22 Oct 2023₹6.1t₹3.3t₹151.4b30.2x40.4x1.8x
Tue, 19 Sep 2023₹6.3t₹3.3t₹151.2b28.6x41.8x1.9x
Thu, 17 Aug 2023₹5.8t₹3.3t₹150.8b26.8x38.7x1.8x
Sat, 15 Jul 2023₹5.8t₹3.2t₹139.7b26.8x41.5x1.8x
Mon, 12 Jun 2023₹5.2t₹3.2t₹139.2b23.8x37.5x1.6x
Wed, 10 May 2023₹4.9t₹3.1t₹130.2b21.7x37.9x1.6x
Fri, 07 Apr 2023₹4.6t₹3.1t₹130.0b20x35.2x1.5x
Sun, 05 Mar 2023₹4.7t₹3.1t₹129.6b20.3x36.3x1.5x
Tue, 31 Jan 2023₹4.6t₹3.0t₹124.0b20.9x37x1.5x
Thu, 29 Dec 2022₹4.7t₹2.9t₹123.8b21.6x37.9x1.6x
Price to Earnings Ratio

37.9x


Total Market Cap: ₹4.7tTotal Earnings: ₹123.8bTotal Revenue: ₹2.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Parts and Equipment Industry Price to Earnings3Y Average 39.7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Auto Parts and Equipment 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 39.7x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Auto Parts and Equipment industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 16% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Auto Parts and Equipment compare with similar industries?

IN Market-0.11%
Consumer Discretionary0.23%
Auto Components0.80%
Auto Parts and Equipment0.73%
Tires and Rubber1.16%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ZFCVINDIA ZF Commercial Vehicle Control Systems India₹15.57k10.2%
+₹27.4b		33.6%PE61.2x
505714 Gabriel India₹1.06k9.5%
+₹13.2b		117.0%PE59.7x
MSUMI Motherson Sumi Wiring India₹47.653.8%
+₹11.5b		19.2%PE51.5x
532539 Uno Minda₹1.27k1.4%
+₹10.3b		20.5%PE66.8x
ENDURANCE Endurance Technologies₹2.70k2.1%
+₹7.8b		22.1%PE42.9x

Latest News

PRICOLLTD
₹659.80
Pricol
7D
8.8%
1Y
18.4%

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.
500472
₹1,747.95
SKF India
7D
-4.0%
1Y
-61.5%

500472: Leadership Transition And Demerger Will Drive Future Margin Upside

Analysts have trimmed their price target on SKF India from ₹4,224.50 to ₹3,858.63, reflecting expectations of slightly better profit margins but a lower justified valuation multiple, despite a modest improvement in projected revenue declines. What's in the News A board meeting is scheduled on November 14, 2025 to review and approve unaudited standalone and consolidated financial results for Q2 and H1 FY2025, along with updated balance sheet and cash flow statements (company filing).
TIINDIA
₹2,634.90
Tube Investments of India
7D
-0.8%
1Y
-27.2%

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.
ASKAUTOLTD
₹490.30
ASK Automotive
7D
5.3%
1Y
4.2%

Investors Shouldn't Overlook The Favourable Returns On Capital At ASK Automotive (NSE:ASKAUTOLTD)

Dec 20
Investors Shouldn't Overlook The Favourable Returns On Capital At ASK Automotive (NSE:ASKAUTOLTD)
ENDURANCE
₹2,695.80
Endurance Technologies
7D
2.1%
1Y
22.1%
505714
₹1,061.55
Gabriel India
7D
9.5%
1Y
117.0%
500086
₹363.20
Exide Industries
7D
-2.8%
1Y
-14.7%

500086: Elevated Risk And Upcoming Board Decisions Will Likely Pressure Shares

Analysts have nudged their price target on Exide Industries higher to ₹315.00 from ₹315.00, reflecting slightly stronger expectations for revenue growth and profit margins that more than offset a modestly higher discount rate and a marginally lower assumed future P/E multiple. What's in the News A special/extraordinary shareholders meeting is scheduled via postal ballot on October 24, 2025, to consider appointing Rajeev Ramesh Chand Khandelwal and Pravin Ramchandra Saraf as whole time directors of the company (Key Developments).
517334
₹121.00
Samvardhana Motherson International
7D
-0.2%
1Y
16.5%

517334: Future Leadership Transition Will Likely Pressure Share Price

Analysts have raised their price target for Samvardhana Motherson International to ₹98.87 from ₹83.30, citing slightly stronger expectations for revenue growth, profit margins, and future valuation multiples, despite a marginally higher discount rate. What's in the News A special and extraordinary shareholders meeting is scheduled for December 21, 2025 via postal ballot in India, focusing on key corporate matters (company filing).
500530
₹36,026.95
Bosch
7D
-1.8%
1Y
4.2%

500530: Rising Margins And Stronger Outlook Are Expected To Drive Upside

Narrative Update on Bosch Analysts have trimmed their price target on Bosch by roughly INR 1,400, citing a higher discount rate that more than offsets improved expectations for revenue growth, profit margins, and a lower future P E multiple. What's in the News Bosch Limited has scheduled a board meeting for November 11, 2025, to consider the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2025 (Key Developments).
500493
₹1,439.70
Bharat Forge
7D
1.0%
1Y
12.5%

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
₹635.00
Varroc Engineering
7D
-2.3%
1Y
6.2%

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.
MSUMI
₹47.65
Motherson Sumi Wiring India
7D
3.8%
1Y
19.2%

MSUMI: Future P E Re-Rating Will Reflect Strengthening Earnings Confidence

Analysts have raised their price target on Motherson Sumi Wiring India slightly to ₹52.15 per share, citing marginal improvements in the assumed discount rate while keeping growth, profit margin, and future valuation expectations broadly unchanged. What's in the News A board meeting is scheduled for November 5, 2025, to consider and approve unaudited financial results for the second quarter and half year ended September 30, 2025 (company filing).
ZFCVINDIA
₹15,567.00
ZF Commercial Vehicle Control Systems India
7D
10.2%
1Y
33.6%

ZFCVINDIA: Upcoming ADAS Win Will Drive Stronger Investor Confidence

Analysts have raised their price target for ZF Commercial Vehicle Control Systems India from ₹15,734 to ₹16,194, citing slightly faster expected revenue growth and a higher prospective earnings multiple, partly offset by a modest reduction in projected profit margins. What's in the News Secured a major business nomination from a leading Indian e-mobility commercial vehicle OEM to develop and calibrate an ADAS suite aligned with upcoming Indian safety regulation GSR 184e, certified by ARAI for full compliance (Key Developments) New scalable ADAS solution supports SAE Level 2 automation with a roadmap to higher automation levels globally, while being engineered specifically for challenging Indian road conditions (Key Developments) Business win covers key ADAS components and systems for coaches, heavy-duty trucks, and tractor trailers, expanding ZF CVCS India presence across multiple commercial vehicle platforms (Key Developments) Received a demand order from CGST and Central Excise, Jamshedpur, imposing tax, penalty, and interest related to alleged excess or ineligible input tax credit for FY 2018-19 to FY 2022-23, totaling more than INR 9.3 crore before interest (Key Developments) Scheduled a special or extraordinary shareholders meeting via postal ballot in India on December 18, 2025, alongside a board meeting on November 4, 2025 to review unaudited financial results for the quarter and half year ended September 30, 2025 (Key Developments) Valuation Changes Fair Value Price Target has risen slightly from ₹15,734.2 to ₹16,194.2, reflecting a modest uplift in the intrinsic valuation estimate.
532539
₹1,267.10
Uno Minda
7D
1.4%
1Y
20.5%

532539: Future Returns Will Reflect EV Investment And Full Control Of Joint Venture

Analysts have nudged their price target for Uno Minda slightly higher to ₹1,303.74, reflecting marginally lower perceived risk and steady expectations for robust revenue growth, stable profit margins, and a rich future P E multiple. What's in the News The board will meet on December 1, 2025 to consider acquiring the remaining 49.90 percent equity stake of joint venture partner Buehler Motor GmbH in Uno Minda Buehler Motor Private Limited, which would make it a fully controlled subsidiary (Key Developments).
505800
₹1,285.60
Rane Holdings
7D
-4.8%
1Y
-29.6%
505744
₹439.20
Federal-Mogul Goetze (India)
7D
-5.4%
1Y
8.8%