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Indian (NIFTY) Auto Components Industry Analysis
UpdatedMay 31, 2024
DataAggregated Company Financials
Companies127
- 7D1.2%
- 3M9.4%
- 1Y52.3%
- YTD15.3%
In the last week, the Auto Components industry is up 1.2%, with Samvardhana Motherson International leading the way, up 7.9%. In the same time, Tube Investments of India was down 6.5%. In the last 12 months, the industry was up 52%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 31 May 2024 | ₹9.9t | ₹4.7t | ₹267.9b | 27.9x | 36.8x | 2.1x |
| Sun, 28 Apr 2024 | ₹9.2t | ₹4.5t | ₹242.9b | 30.7x | 37.9x | 2x |
| Tue, 26 Mar 2024 | ₹8.7t | ₹4.5t | ₹242.7b | 29.8x | 35.8x | 1.9x |
| Thu, 22 Feb 2024 | ₹8.9t | ₹4.5t | ₹242.5b | 31.3x | 36.6x | 2x |
| Sat, 20 Jan 2024 | ₹8.8t | ₹4.4t | ₹222.0b | 30.9x | 39.7x | 2x |
| Mon, 18 Dec 2023 | ₹8.2t | ₹4.4t | ₹222.7b | 30.6x | 37x | 1.9x |
| Wed, 15 Nov 2023 | ₹7.7t | ₹4.4t | ₹221.9b | 28.6x | 34.5x | 1.8x |
| Fri, 13 Oct 2023 | ₹7.6t | ₹4.2t | ₹197.5b | 28.6x | 38.4x | 1.8x |
| Sun, 10 Sep 2023 | ₹7.7t | ₹4.2t | ₹197.2b | 29.1x | 39.2x | 1.8x |
| Tue, 08 Aug 2023 | ₹7.3t | ₹4.1t | ₹186.9b | 28.9x | 39x | 1.8x |
| Thu, 06 Jul 2023 | ₹7.0t | ₹4.1t | ₹175.6b | 27.3x | 39.8x | 1.7x |
| Sat, 03 Jun 2023 | ₹6.4t | ₹4.1t | ₹175.7b | 24x | 36.6x | 1.6x |
| Mon, 01 May 2023 | ₹6.0t | ₹4.0t | ₹160.6b | 24.1x | 37.3x | 1.5x |
| Wed, 29 Mar 2023 | ₹5.4t | ₹4.0t | ₹160.6b | 20x | 33.8x | 1.4x |
| Fri, 24 Feb 2023 | ₹5.8t | ₹4.0t | ₹160.3b | 20.5x | 36.3x | 1.5x |
| Sun, 22 Jan 2023 | ₹5.8t | ₹3.8t | ₹155.0b | 23.7x | 37.5x | 1.5x |
| Tue, 20 Dec 2022 | ₹6.0t | ₹3.8t | ₹154.9b | 25.1x | 38.7x | 1.6x |
| Thu, 17 Nov 2022 | ₹5.8t | ₹3.8t | ₹154.6b | 22.6x | 37.3x | 1.5x |
| Sat, 15 Oct 2022 | ₹5.6t | ₹3.6t | ₹150.7b | 22.6x | 37x | 1.6x |
| Mon, 12 Sep 2022 | ₹5.9t | ₹3.5t | ₹146.0b | 23x | 40.4x | 1.7x |
| Wed, 10 Aug 2022 | ₹5.7t | ₹3.5t | ₹143.6b | 23x | 39.4x | 1.6x |
| Fri, 08 Jul 2022 | ₹5.3t | ₹3.3t | ₹136.1b | 23.7x | 38.9x | 1.6x |
| Sun, 05 Jun 2022 | ₹5.0t | ₹3.3t | ₹135.3b | 22x | 37.1x | 1.5x |
| Tue, 03 May 2022 | ₹5.4t | ₹3.3t | ₹138.5b | 22.8x | 38.8x | 1.6x |
| Thu, 31 Mar 2022 | ₹5.2t | ₹3.3t | ₹137.5b | 21.2x | 38x | 1.6x |
| Sat, 26 Feb 2022 | ₹4.7t | ₹3.3t | ₹137.3b | 19.9x | 34.5x | 1.4x |
| Mon, 24 Jan 2022 | ₹5.4t | ₹3.3t | ₹148.6b | 22.4x | 36.6x | 1.7x |
| Wed, 22 Dec 2021 | ₹5.2t | ₹3.3t | ₹150.2b | 19.7x | 34.5x | 1.6x |
| Fri, 19 Nov 2021 | ₹5.5t | ₹3.3t | ₹147.4b | 20.9x | 37.5x | 1.7x |
| Sun, 17 Oct 2021 | ₹5.6t | ₹3.1t | ₹142.5b | 22.2x | 39.1x | 1.8x |
| Tue, 14 Sep 2021 | ₹5.0t | ₹3.1t | ₹140.4b | 20.8x | 35.9x | 1.6x |
| Thu, 12 Aug 2021 | ₹4.9t | ₹3.1t | ₹142.1b | 20.8x | 34.8x | 1.6x |
| Mon, 07 Jun 2021 | ₹4.5t | ₹2.7t | ₹85.6b | 25.5x | 52.3x | 1.7x |
Price to Earnings Ratio
52.3x
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 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 46% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -2.43% | |
| Consumer Discretionary | -1.72% | |
| Auto Components | 1.17% | |
| Auto Parts and Equipment | 1.83% | |
| Tires and Rubber | -1.88% | |
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 40.5x.
- Analysts are expecting annual earnings growth of 18.2%, which is lower than the prior year's growth of 22.4% 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 18% 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 12% 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 | |
|---|---|---|---|---|---|
| 517334 Samvardhana Motherson International | ₹151.20 | 7.9% +₹75.2b | 88.1% | PE37.7x | |
| ZFCVINDIA ZF Commercial Vehicle Control Systems India | ₹17.41k | 28.5% +₹73.2b | 62.5% | PE81.3x | |
| 532605 JBM Auto | ₹2.09k | 6.4% +₹14.8b | 160.6% | PE138.3x | |
| SONACOMS Sona BLW Precision Forgings | ₹651.10 | 3.3% +₹12.1b | 22.4% | PE73.8x | |
| 500086 Exide Industries | ₹488.25 | 2.9% +₹11.5b | 130.6% | PE47.3x |
