Narrative Update • Aug 19
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Indian (NIFTY) Auto Industry Analysis
UpdatedAug 21, 2026
DataAggregated Company Financials
Companies19
- 7D-0.7%
- 3M12.4%
- 1Y4.1%
- YTD-0.9%
Over the last 7 days, the Auto industry has remained flat, although notably Tata Motors Passenger Vehicles declined by 4.9%. The past year has been better, since the industry has gained 4.1% in that time. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Indian Auto Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 21 Aug 2026 | ₹20.6t | ₹10.5t | ₹587.6b | 28.6x | 35.1x | 2x |
| Sun, 19 Jul 2026 | ₹19.2t | ₹9.9t | ₹583.5b | 29.6x | 32.9x | 1.9x |
| Tue, 16 Jun 2026 | ₹19.1t | ₹9.9t | ₹583.5b | 29.6x | 32.7x | 1.9x |
| Thu, 14 May 2026 | ₹18.3t | ₹10.5t | ₹629.5b | 27.8x | 29.2x | 1.7x |
| Sat, 11 Apr 2026 | ₹18.9t | ₹10.2t | ₹598.9b | 29.8x | 31.6x | 1.9x |
| Mon, 09 Mar 2026 | ₹19.3t | ₹10.2t | ₹598.9b | 29.8x | 32.2x | 1.9x |
| Wed, 04 Feb 2026 | ₹19.8t | ₹10.3t | ₹654.9b | 30.2x | 30.2x | 1.9x |
| Fri, 02 Jan 2026 | ₹20.8t | ₹10.1t | ₹643.1b | 32.8x | 32.4x | 2.1x |
| Sun, 30 Nov 2025 | ₹20.3t | ₹10.1t | ₹643.1b | 33.1x | 31.5x | 2x |
| Tue, 28 Oct 2025 | ₹20.4t | ₹10.0t | ₹717.8b | 35.1x | 28.4x | 2x |
| Thu, 25 Sep 2025 | ₹21.5t | ₹10.0t | ₹717.7b | 36.6x | 29.9x | 2.2x |
| Sat, 23 Aug 2025 | ₹19.7t | ₹10.0t | ₹717.7b | 31.9x | 27.5x | 2x |
| Mon, 21 Jul 2025 | ₹18.1t | ₹9.9t | ₹715.8b | 30.5x | 25.4x | 1.8x |
| Wed, 18 Jun 2025 | ₹17.8t | ₹9.9t | ₹716.5b | 29.5x | 24.8x | 1.8x |
| Fri, 16 May 2025 | ₹18.1t | ₹9.9t | ₹723.9b | 29.5x | 25.1x | 1.8x |
| Sun, 13 Apr 2025 | ₹15.9t | ₹9.8t | ₹807.6b | 26.9x | 19.6x | 1.6x |
| Tue, 11 Mar 2025 | ₹15.9t | ₹9.8t | ₹807.6b | 26.2x | 19.7x | 1.6x |
| Thu, 06 Feb 2025 | ₹18.2t | ₹9.7t | ₹802.3b | 31.5x | 22.7x | 1.9x |
| Sat, 04 Jan 2025 | ₹18.1t | ₹9.6t | ₹813.0b | 30x | 22.3x | 1.9x |
| Mon, 02 Dec 2024 | ₹17.6t | ₹9.6t | ₹813.0b | 27.9x | 21.7x | 1.8x |
| Wed, 30 Oct 2024 | ₹17.7t | ₹9.6t | ₹816.7b | 27.7x | 21.6x | 1.8x |
| Fri, 27 Sep 2024 | ₹19.8t | ₹8.8t | ₹759.1b | 32.4x | 26.1x | 2.2x |
| Sun, 25 Aug 2024 | ₹18.2t | ₹8.8t | ₹759.1b | 30x | 24x | 2.1x |
| Tue, 23 Jul 2024 | ₹17.0t | ₹8.6t | ₹736.6b | 32.9x | 23.1x | 2x |
| Thu, 20 Jun 2024 | ₹17.1t | ₹8.6t | ₹733.5b | 33.4x | 23.3x | 2x |
| Sat, 18 May 2024 | ₹16.1t | ₹8.7t | ₹733.2b | 32x | 21.9x | 1.9x |
| Mon, 15 Apr 2024 | ₹15.5t | ₹8.3t | ₹592.3b | 32.9x | 26.2x | 1.9x |
| Wed, 13 Mar 2024 | ₹15.0t | ₹8.3t | ₹592.3b | 31.2x | 25.2x | 1.8x |
| Fri, 09 Feb 2024 | ₹13.9t | ₹8.2t | ₹586.3b | 29.6x | 23.6x | 1.7x |
| Sun, 07 Jan 2024 | ₹12.7t | ₹7.9t | ₹530.0b | 29.3x | 24x | 1.6x |
| Tue, 05 Dec 2023 | ₹12.2t | ₹7.8t | ₹513.5b | 32.5x | 23.9x | 1.6x |
| Thu, 02 Nov 2023 | ₹10.8t | ₹7.5t | ₹463.6b | 27.9x | 23.3x | 1.4x |
| Sat, 30 Sep 2023 | ₹11.1t | ₹7.5t | ₹462.6b | 31.2x | 24x | 1.5x |
| Mon, 28 Aug 2023 | ₹10.3t | ₹7.5t | ₹462.6b | 29x | 22.3x | 1.4x |
Price to Earnings Ratio
22.3x
Current Industry PE
- Investors are optimistic on the Indian Auto industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.1x which is higher than its 3-year average PE of 25.9x.
- The industry is trading close to its 3-year average PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Auto industry have grown 8.3% per year over the last three years.
- Revenues for these companies have grown 12% 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 | -0.52% | |
| Consumer Discretionary | 0.58% | |
| Auto | -0.69% | |
| Motorcycle Manufacturers | 0.013% | |
| Automobile Manufacturers | -1.28% | |
Industry PE
- Investors are most optimistic about the Motorcycle Manufacturers industry, which is trading close to its 3-year average PE ratio of 37.6x.
- Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings growth of 8.8% per year.
- Investors are most pessimistic about the Automobile Manufacturers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the Automobile Manufacturers industry, expecting annual earnings growth of 18% over the next 5 years.
- This is better than its past earnings decline of 5.8% per year.
- In contrast, the Motorcycle Manufacturers industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 532343 TVS Motor | ₹4.37k | 1.0% +₹19.8b | 32.5% | PE60.5x | |
| HYUNDAI Hyundai Motor India | ₹2.22k | 0.9% +₹16.1b | -6.2% | PE36.4x | |
| 544563 Zelio E-Mobility | ₹865.65 | 10.4% +₹1.7b | n/a | PE64.5x | |
| 531357 Mercury Ev-Tech | ₹39.68 | 9.9% +₹682.0m | -24.3% | PE135.7x | |
| DELTIC Delta Autocorp | ₹36.90 | 7.0% +₹36.7m | -45.1% | PE8.2x |
