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

Indian (NIFTY) Auto Components Industry Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies132
  • 7D-1.1%
  • 3M-4.3%
  • 1Y1.6%
  • YTD3.9%

Over the last 7 days, the Auto Components industry has dropped 1.1%, driven by a pullback from Bosch of 1.8%. On the other hand ZF Commercial Vehicle Control Systems India is actually up 10%. Over the last year, the industry has been flat overall. 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, 19 Dec 2025₹11.6t₹5.6t₹298.9b31.9x38.9x2.1x
Sun, 16 Nov 2025₹11.2t₹5.5t₹282.9b31.1x39.5x2x
Tue, 14 Oct 2025₹10.8t₹5.3t₹271.9b33.6x39.5x2x
Thu, 11 Sep 2025₹10.8t₹5.3t₹271.9b31.7x39.6x2x
Sat, 09 Aug 2025₹9.8t₹5.2t₹274.6b29.7x35.7x1.9x
Mon, 07 Jul 2025₹10.4t₹5.2t₹270.2b31.4x38.3x2x
Wed, 04 Jun 2025₹9.8t₹5.2t₹270.9b31.3x36.3x1.9x
Fri, 02 May 2025₹8.8t₹5.0t₹276.7b28.4x31.9x1.8x
Sun, 30 Mar 2025₹8.5t₹5.0t₹276.8b27.1x30.9x1.7x
Tue, 25 Feb 2025₹8.4t₹5.0t₹276.7b28.9x30.2x1.7x
Thu, 23 Jan 2025₹9.3t₹4.9t₹277.7b29.5x33.4x1.9x
Sat, 21 Dec 2024₹10.1t₹4.9t₹278.6b31.9x36.3x2.1x
Mon, 18 Nov 2024₹10.0t₹4.9t₹277.8b30.5x36x2.1x
Wed, 16 Oct 2024₹11.3t₹4.8t₹278.3b33x40.4x2.4x
Fri, 13 Sep 2024₹11.1t₹4.8t₹278.0b35.1x40x2.3x
Sun, 11 Aug 2024₹10.8t₹4.7t₹272.9b34.2x39.7x2.3x
Tue, 09 Jul 2024₹11.3t₹4.7t₹268.9b32.1x42.2x2.4x
Thu, 06 Jun 2024₹9.9t₹4.7t₹268.7b28x36.9x2.1x
Sat, 04 May 2024₹9.3t₹4.5t₹243.4b30.8x38.1x2x
Mon, 01 Apr 2024₹8.8t₹4.5t₹242.7b29.6x36.2x1.9x
Wed, 28 Feb 2024₹9.0t₹4.5t₹242.7b30.8x37.1x2x
Fri, 26 Jan 2024₹8.8t₹4.4t₹224.2b30.7x39.3x2x
Sun, 24 Dec 2023₹8.2t₹4.4t₹222.7b30.6x36.9x1.9x
Tue, 21 Nov 2023₹7.8t₹4.4t₹222.7b29.1x34.9x1.8x
Thu, 19 Oct 2023₹7.6t₹4.2t₹199.5b29.7x38.3x1.8x
Sat, 16 Sep 2023₹7.7t₹4.2t₹197.4b28.6x39.1x1.8x
Mon, 14 Aug 2023₹7.2t₹4.2t₹196.9b28.9x36.7x1.7x
Wed, 12 Jul 2023₹7.1t₹4.1t₹176.1b27.1x40.4x1.7x
Fri, 09 Jun 2023₹6.5t₹4.1t₹175.5b24.1x37.1x1.6x
Sun, 07 May 2023₹6.1t₹4.0t₹162.9b25.1x37.5x1.5x
Tue, 04 Apr 2023₹5.6t₹4.0t₹160.6b22.5x35.1x1.4x
Thu, 02 Mar 2023₹5.9t₹4.0t₹160.1b20.6x36.6x1.5x
Sat, 28 Jan 2023₹5.7t₹3.8t₹155.7b22.5x36.9x1.5x
Mon, 26 Dec 2022₹5.6t₹3.8t₹154.9b21.9x36.3x1.5x
Price to Earnings Ratio

36.3x


Total Market Cap: ₹5.6tTotal Earnings: ₹154.9bTotal Revenue: ₹3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Auto Components Industry Price to Earnings3Y Average 37.2x202320242025
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 37.2x.
  • 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-0.21%
Consumer Discretionary-0.51%
Auto Components-1.07%
Tires and Rubber-0.53%
Auto Parts and Equipment-1.16%
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 39.7x.
    • Analysts are expecting annual earnings growth of 19.0%, 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 29.6x.
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
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
530007 JK Tyre & Industries₹485.456.6%
+₹8.3b		27.4%PE24.8x

Latest News

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.
APOLLOTYRE
₹507.05
Apollo Tyres
7D
-0.6%
1Y
-4.7%

We Like These Underlying Return On Capital Trends At Apollo Tyres (NSE:APOLLOTYRE)

Dec 12
We Like These Underlying Return On Capital Trends At Apollo Tyres (NSE:APOLLOTYRE)
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.
500878
₹3,927.55
CEAT
7D
5.2%
1Y
30.5%

500878: Upcoming Governance Meetings Will Shape A Steady Outlook

Analysts have modestly revised their price target for CEAT to ₹4,216.72, reflecting a slightly lower discount rate and future P/E multiple, while keeping long term growth and margin expectations broadly unchanged. What's in the News Board meeting scheduled for December 5, 2025 to discuss company matters and governance items (Key Developments) Special or extraordinary shareholders meeting to be conducted via postal ballot in India on December 18, 2025 (Key Developments) Board meeting on October 17, 2025 at 11:30 IST to approve unaudited financial results for the quarter and period ended September 30, 2025, review the limited review report, consider director appointments, and address other business (Key Developments) Valuation Changes Fair Value: Unchanged at approximately ₹4,216.72 per share, indicating stable long term intrinsic value expectations.
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).
530007
₹485.45
JK Tyre & Industries
7D
6.6%
1Y
27.4%

530007: Stable Margins And Lower Discount Rate Will Support Future Performance

Analysts have marginally adjusted their price target for JK Tyre and Industries to ₹461.83, reflecting slightly lower discount rate assumptions and a modestly reduced future P E multiple, while keeping long term growth and margin expectations broadly unchanged. What's in the News Board meeting scheduled for October 27, 2025, to review standalone and consolidated unaudited financial results for the second quarter and half year ended September 30, 2025 (Key Developments) Management to consider additional business matters alongside quarterly and half yearly financial review in the upcoming board meeting (Key Developments) Valuation Changes Consensus Analyst Price Target remains stable at approximately ₹461.83 per share, indicating no change in the fair value estimate.
500472
₹1,747.95
SKF India
7D
-4.0%
1Y
-61.5%

500472: Leadership And Demerger Restructuring Will Drive Long-Term Upside Momentum

Analysts have nudged their price target for SKF India slightly higher to ₹4,224.50 from ₹4,224.50, reflecting a marginally lower discount rate and steady profit margin assumptions despite modestly softer revenue growth expectations. What's in the News Board meeting scheduled on November 14, 2025, to review and approve unaudited standalone and consolidated financial results for Q2 and H1 FY26, 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 Decisions Will Support Continued Share Price Strength

Analysts have slightly raised their average 12 month price target for Tube Investments of India by about ₹49 to roughly ₹3,666, citing a marginally lower perceived cost of equity and a modestly higher forward earnings multiple that together nudge fair value expectations upward despite largely unchanged growth and margin assumptions. 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 has risen slightly from about ₹3,617 to roughly ₹3,666, reflecting a modest uplift in analysts' intrinsic value assessment.
505744
₹439.20
Federal-Mogul Goetze (India)
7D
-5.4%
1Y
8.8%