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Indian (NIFTY) Auto Components Industry Analysis
UpdatedJul 31, 2024
DataAggregated Company Financials
Companies126
- 7D3.6%
- 3M22.2%
- 1Y53.0%
- YTD32.8%
The Auto Components industry is up 3.6% in the last week, with Bharat Forge up 9.2%. This means that the industry has gained 53% over the past year. Earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Wed, 31 Jul 2024 | ₹11.3t | ₹4.6t | ₹269.9b | 33.2x | 42x | 2.5x |
| Fri, 28 Jun 2024 | ₹11.1t | ₹4.7t | ₹268.9b | 31.3x | 41.2x | 2.4x |
| Sun, 26 May 2024 | ₹9.8t | ₹4.6t | ₹259.3b | 30.9x | 37.9x | 2.1x |
| Tue, 23 Apr 2024 | ₹9.0t | ₹4.5t | ₹242.8b | 30.2x | 37.2x | 2x |
| Thu, 21 Mar 2024 | ₹8.5t | ₹4.5t | ₹242.7b | 28.9x | 34.8x | 1.9x |
| Sat, 17 Feb 2024 | ₹8.9t | ₹4.5t | ₹242.7b | 30.3x | 36.7x | 2x |
| Mon, 15 Jan 2024 | ₹8.8t | ₹4.4t | ₹222.8b | 32x | 39.3x | 2x |
| Wed, 13 Dec 2023 | ₹8.2t | ₹4.4t | ₹222.7b | 30.8x | 36.8x | 1.9x |
| Fri, 10 Nov 2023 | ₹7.6t | ₹4.3t | ₹214.1b | 28.2x | 35.4x | 1.8x |
| Sun, 08 Oct 2023 | ₹7.5t | ₹4.2t | ₹197.4b | 28.7x | 38x | 1.8x |
| Tue, 05 Sep 2023 | ₹7.6t | ₹4.2t | ₹197.1b | 28.4x | 38.7x | 1.8x |
| Thu, 03 Aug 2023 | ₹7.3t | ₹4.1t | ₹180.3b | 28.3x | 40.4x | 1.8x |
| Sat, 01 Jul 2023 | ₹6.9t | ₹4.1t | ₹175.5b | 26.1x | 39.2x | 1.7x |
| Mon, 29 May 2023 | ₹6.4t | ₹4.1t | ₹176.4b | 23.6x | 36.2x | 1.6x |
| Wed, 26 Apr 2023 | ₹5.8t | ₹4.0t | ₹160.6b | 23.2x | 36.2x | 1.5x |
| Fri, 24 Mar 2023 | ₹5.6t | ₹4.0t | ₹160.6b | 21.2x | 34.6x | 1.4x |
| Sun, 19 Feb 2023 | ₹5.8t | ₹4.0t | ₹160.3b | 20.9x | 36.4x | 1.5x |
| Tue, 17 Jan 2023 | ₹5.9t | ₹3.8t | ₹154.9b | 24.3x | 37.8x | 1.5x |
| Thu, 15 Dec 2022 | ₹6.0t | ₹3.8t | ₹154.9b | 24.9x | 39x | 1.6x |
| Sat, 12 Nov 2022 | ₹5.8t | ₹3.7t | ₹153.8b | 23.3x | 37.5x | 1.5x |
| Mon, 10 Oct 2022 | ₹5.7t | ₹3.5t | ₹146.1b | 22.3x | 39.1x | 1.6x |
| Wed, 07 Sep 2022 | ₹5.8t | ₹3.5t | ₹146.0b | 22.4x | 39.8x | 1.6x |
| Fri, 05 Aug 2022 | ₹5.7t | ₹3.4t | ₹141.8b | 23.5x | 40x | 1.7x |
| Sun, 03 Jul 2022 | ₹5.1t | ₹3.3t | ₹136.1b | 22.4x | 37.3x | 1.5x |
| Tue, 31 May 2022 | ₹5.1t | ₹3.4t | ₹126.6b | 21.9x | 40x | 1.5x |
| Thu, 28 Apr 2022 | ₹5.5t | ₹3.3t | ₹138.7b | 22.5x | 39.3x | 1.6x |
| Sat, 26 Mar 2022 | ₹5.0t | ₹3.3t | ₹137.4b | 20.9x | 36.3x | 1.5x |
| Mon, 21 Feb 2022 | ₹5.1t | ₹3.3t | ₹137.7b | 21x | 37.1x | 1.5x |
| Wed, 19 Jan 2022 | ₹5.6t | ₹3.3t | ₹150.1b | 22.1x | 37.2x | 1.7x |
| Fri, 17 Dec 2021 | ₹5.4t | ₹3.3t | ₹150.2b | 20.3x | 36.2x | 1.7x |
| Sun, 14 Nov 2021 | ₹5.6t | ₹3.2t | ₹146.9b | 19.9x | 38x | 1.7x |
| Tue, 12 Oct 2021 | ₹5.4t | ₹3.1t | ₹141.4b | 21.5x | 38.4x | 1.7x |
| Thu, 09 Sep 2021 | ₹5.0t | ₹3.1t | ₹140.4b | 20.7x | 35.4x | 1.6x |
| Sat, 07 Aug 2021 | ₹5.0t | ₹3.1t | ₹142.1b | 21.7x | 35.2x | 1.6x |
Price to Earnings Ratio
35.2x
Current Industry PE
- Investors are optimistic on the Indian Auto Components industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.0x which is higher than its 3-year average PE of 37.5x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.5x.
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 | 3.19% | |
| Consumer Discretionary | 4.38% | |
| Auto Components | 3.60% | |
| Tires and Rubber | 5.02% | |
| Auto Parts and Equipment | 3.32% | |
Industry PE
- Investors are most optimistic about the Auto Parts and Equipment industry which is trading above its 3-year average PE ratio of 40.8x.
- Analysts are expecting annual earnings growth of 19.0%, which is lower than the prior year's growth of 23.1% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading close to its 3-year average of 29.2x.
Forecasted Growth
- Analysts are most optimistic on the Auto Parts and Equipment industry, expecting annual earnings growth of 19% 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 | |
|---|---|---|---|---|---|
| 500493 Bharat Forge | ₹1.73k | 9.0% +₹66.8b | 91.5% | PE84.9x | |
| 517334 Samvardhana Motherson International | ₹196.50 | 3.5% +₹45.1b | 103.2% | PE49x | |
| 502355 Balkrishna Industries | ₹3.32k | 6.0% +₹36.6b | 34.5% | PE43.7x | |
| TIINDIA Tube Investments of India | ₹4.14k | 4.6% +₹35.4b | 35.8% | PE120.4x | |
| 500530 Bosch | ₹34.97k | 2.6% +₹25.7b | 91.6% | PE41.4x |
