Cyclical OEM recovery with structural EV optionality, premiumization trends favor organized players.
| Company | M.Cap | Price | P/E | P/B | ROE | ROCE | D/E | Div Yield | 1Y Return |
|---|---|---|---|---|---|---|---|---|---|
| Maruti Suzuki India Ltd | ₹3,98,349 Cr | ₹12,666 | 27.8 | 3.7 | 14.3% | 18.9% | 0.0 | 1.1% | -22.89% |
| Mahindra & Mahindra Limited | ₹3,87,086 Cr | ₹3,129.55 | 20.2 | 4.2 | 20.3% | 15.1% | 1.5 | 1.1% | -14.53% |
| Bajaj Auto Ltd | ₹3,23,687 Cr | ₹11,762 | 27.4 | 8.5 | 29.2% | 28.2% | 0.6 | 1.3% | +23.08% |
| Eicher Motors Ltd | — | ₹7,692.5 | — | — | 23.8% | 26.2% | 0.0 | — | +3.94% |
| TVS Motor Company Ltd | ₹1,95,832 Cr | ₹4,133.65 | 56.6 | 20.6 | 33.6% | 17.4% | 3.4 | 0.3% | +10.21% |
| Hyundai Motor India Ltd | — | ₹2,214.9 | — | — | 29.9% | 32.2% | 0.1 | — | -3.97% |
| Samvardhana Motherson International Ltd | ₹1,72,724 Cr | — | 37.8 | 4.2 | 11.2% | 13.4% | 0.5 | 0.4% | +41.75% |
| Tata Motors Ltd | — | ₹452.5 | — | — | 26.1% | 21.5% | 0.4 | — | +6.68% |
| Bosch Ltd | — | ₹48,755.4 | — | — | 19.4% | 24.1% | 0.0 | — | +28.74% |
| Tata Motors Passenger Vehicles Ltd | — | ₹302.5 | — | — | 75.7% | 2.7% | 0.7 | — | -13.71% |
| Hero MotoCorp Ltd | ₹1,05,039 Cr | ₹5,239.9 | 19.0 | 4.9 | 28.1% | 35.2% | 0.0 | 3.5% | -8.68% |
| Ashok Leyland Ltd | — | — | — | — | 28.1% | 7.6% | 4.5 | — | -8.97% |
| Bharat Forge Ltd | — | ₹1,965.7 | — | — | 11.6% | 13.2% | 0.8 | — | +34.61% |
| UNO Minda Ltd-$ | — | ₹1,230.5 | — | — | 19.3% | 19.6% | 0.4 | — | +2.47% |
| Schaeffler India Ltd | — | ₹3,974.3 | — | — | 20.2% | 27.3% | 0.0 | — | +4.88% |
| MRF Ltd | — | ₹1,28,080.05 | — | — | 12.3% | 14.0% | 0.2 | — | -13.95% |
| Sona BLW Precision Forgings Ltd | — | ₹800.5 | — | — | 11.3% | 14.2% | 0.1 | — | +75.14% |
| Balkrishna Industries Ltd | — | ₹2,198.65 | — | — | 9.7% | 11.2% | 0.4 | — | -8.23% |
| Endurance Technologies Ltd | — | ₹2,706 | — | — | 14.9% | 17.8% | 0.2 | — | +4.57% |
| Exide Industries Ltd | — | ₹417.65 | — | — | 6.0% | 8.5% | 0.1 | — | +20.71% |
| Escorts Kubota Ltd | — | ₹2,978.3 | — | — | 18.7% | 13.9% | 0.0 | — | -19.99% |
| Craftsman Automation Ltd | — | ₹11,913.4 | — | — | 12.6% | 9.0% | 1.1 | — | +58.94% |
| ZF Commercial Vehicle Control Systems India Ltd | ₹28,611 Cr | ₹2,470.3 | 56.7 | 7.8 | 14.6% | 19.4% | 0.0 | 0.2% | -82.52% |
| Apollo Tyres Ltd | — | ₹416.85 | — | — | 13.1% | 13.9% | 0.2 | — | -19.83% |
| TVS Holdings Ltd | ₹26,328 Cr | ₹13,113.75 | 13.2 | 4.1 | 30.6% | 17.0% | 5.6 | 0.7% | -9.91% |
| Sundram Fasteners Ltd | — | ₹1,218.9 | — | — | 14.7% | 17.4% | 0.2 | — | +32.13% |
| Asahi India Glass Ltd | — | ₹972.8 | — | — | 10.5% | 7.5% | 0.6 | — | +1.31% |
| Motherson Sumi Wiring India Ltd | — | — | — | — | 32.4% | 34.4% | 0.1 | — | -19.49% |
| Gabriel India Ltd | — | ₹1,355 | — | — | 19.8% | 21.9% | 0.1 | — | +42.24% |
| Force Motors Ltd-$ | ₹23,694 Cr | ₹17,981.85 | 18.1 | 5.8 | 33.5% | 33.7% | 0.0 | 0.3% | -5.12% |
| Belrise Industries Ltd | — | — | — | — | 12.6% | 14.5% | 0.3 | — | +28.39% |
| Tenneco Clean Air India Ltd | — | ₹517.9 | — | — | 43.0% | 61.8% | 0.0 | — | -3.15% |
| Shriram Pistons & Rings Ltd | — | ₹4,483.8 | — | — | 21.2% | 16.7% | 0.7 | — | +44.44% |
| Ola Electric Mobility Ltd | — | — | — | — | -43.2% | -37.0% | 0.8 | — | -1.95% |
| Minda Corporation Ltd | — | ₹701.15 | — | — | 14.7% | 12.7% | 0.6 | — | +20.96% |
| CarTrade Tech Ltd | — | ₹3,048 | — | — | 9.7% | 11.8% | 0.1 | — | +8.84% |
| CIE Automotive India Ltd | — | ₹383.5 | — | — | 11.8% | 13.3% | 0.1 | — | -4.54% |
| JBM Auto Ltd | — | ₹614.85 | — | — | 16.5% | 11.1% | 2.0 | — | +1.18% |
| Lumax Auto Technologies Ltd | — | ₹1,975.8 | — | — | 31.4% | 19.6% | 0.8 | — | +30.87% |
| Action Construction Equipment Ltd | — | ₹1,127 | — | — | 22.8% | 31.6% | 0.0 | — | +27.18% |
| Ceat Ltd | — | ₹3,304.5 | — | — | 16.1% | 19.2% | 0.7 | — | -14.22% |
| Sedemac Mechatronics Ltd | — | ₹2,910.7 | — | — | 27.5% | 29.3% | 0.2 | — | 0.00% |
| ASK Automotive Ltd | — | ₹628 | — | — | 25.2% | 21.2% | 0.5 | — | +35.56% |
| JK Tyre & Industries Ltd | — | ₹358 | — | — | 16.0% | 15.5% | 0.8 | — | -29.0% |
| Olectra Greentech Ltd | — | ₹1,206.1 | — | — | 15.8% | 16.8% | 0.3 | — | +9.00% |
| Pricol Ltd | — | ₹744.9 | — | — | 22.1% | 23.6% | 0.3 | — | +20.25% |
| SML Mahindra Ltd | — | ₹6,364.8 | — | — | 35.4% | 35.2% | 0.6 | — | +25.05% |
| Banco Products (India) Ltd-$ | — | ₹639.85 | — | — | 32.3% | 33.4% | 0.4 | — | -0.21% |
| HMT Ltd | — | — | — | — | —% | —% | — | — | +3.17% |
| Dynamatic Technologies Ltd-$ | — | ₹11,664.55 | — | — | 4.2% | 4.2% | 0.8 | — | +25.29% |
| S.J.S. Enterprises Ltd | — | ₹2,321 | — | — | 22.2% | 25.3% | 0.0 | — | +44.23% |
| Bengal & Assam Company Ltd | ₹7,127 Cr | ₹6,269.7 | 9.3 | 0.7 | 8.1% | 3.9% | 0.1 | 0.8% | -26.24% |
| AJAX Engineering Ltd | — | ₹581.1 | — | — | 17.7% | 21.4% | 0.0 | — | +1.03% |
| Suprajit Engineering Ltd-$ | — | ₹482.55 | — | — | 13.1% | 15.5% | 0.7 | — | +8.99% |
| Wheels India Ltd | — | ₹2,417.6 | — | — | 16.1% | 14.4% | 0.7 | — | +92.01% |
| Steel Strips Wheels Ltd-$ | — | ₹372 | — | — | 11.1% | 14.8% | 0.5 | — | +76.33% |
| Lumax Industries Ltd | — | ₹6,159.1 | — | — | 22.0% | 17.7% | 1.1 | — | +13.53% |
| LG Balakrishnan & Bros Ltd | — | ₹1,727.05 | — | — | 15.5% | 19.6% | 0.1 | — | -10.66% |
| Fiem Industries Ltd | — | ₹2,008.6 | — | — | 22.6% | 29.3% | 0.1 | — | -7.66% |
| Jamna Auto Industries Ltd | ₹5,273 Cr | — | 21.8 | 4.6 | 22.4% | 27.5% | 0.0 | 1.9% | -4.85% |
| Sharda Motor Industries Ltd | ₹5,235 Cr | ₹911.95 | 15.2 | 4.0 | 29.1% | 33.4% | 0.0 | 2.2% | -1.39% |
| Subros Ltd | — | ₹724.15 | — | — | 14.5% | 19.2% | 0.1 | — | -14.24% |
| NRB Bearings Ltd | — | ₹484.65 | — | — | 15.5% | 19.4% | 0.2 | — | +75.79% |
| Swaraj Engines Ltd | — | ₹3,600 | — | — | 43.2% | 52.7% | 0.0 | — | -2.45% |
| Uniparts India Ltd | ₹4,037 Cr | ₹896.1 | 22.1 | 4.6 | 18.3% | 21.6% | 0.2 | 1.7% | +102.78% |
| TVS Srichakra Ltd-$ | ₹3,938 Cr | ₹5,250.6 | 38.4 | 3.3 | 5.8% | 7.9% | 0.6 | 0.8% | +30.56% |
| Sandhar Technologies Ltd | — | ₹626.2 | — | — | 16.1% | 13.9% | 0.9 | — | +14.92% |
| Rane (Madras) Ltd | ₹3,769 Cr | ₹1,363.65 | 31.8 | 5.0 | 15.1% | 15.8% | 1.0 | 1.1% | +40.22% |
| DIVGI TORQTRANSFER SYSTEMS Ltd | — | ₹1,147.95 | — | — | 7.6% | 9.8% | 0.0 | — | +111.45% |
| VST Tillers Tractors Ltd-$ | ₹3,506 Cr | ₹4,088.05 | 32.2 | 3.2 | 10.0% | 13.7% | 0.0 | 0.6% | -26.33% |
| Jtekt India Ltd | — | — | — | — | 7.4% | 7.5% | 0.3 | — | -18.27% |
| Carraro India Ltd | — | ₹539.05 | — | — | 25.6% | 23.2% | 0.3 | — | +1.68% |
| India Nippon Electricals Ltd | — | ₹1,294.95 | — | — | 14.5% | 16.7% | 0.0 | — | +36.63% |
| Talbros Automotive Components Ltd | — | ₹418.35 | — | — | 15.1% | 16.5% | 0.1 | — | +53.19% |
| Federal-Mogul Goetze (India) Ltd | — | ₹461.45 | — | — | 13.2% | 15.5% | 0.0 | — | +35.35% |
| Automotive Axles Ltd | — | ₹1,680 | — | — | 15.8% | 19.7% | 0.0 | — | -11.93% |
| Rane Holdings Ltd | ₹2,403 Cr | ₹1,682.5 | 28.4 | 2.1 | 12.1% | 10.7% | 0.9 | 2.8% | +21.15% |
| G N A Axles Ltd | — | ₹546.05 | — | — | 12.3% | 14.4% | 0.2 | — | +52.44% |
| TIL Ltd | — | — | — | — | -32.0% | -16.5% | 3.4 | — | -0.57% |
| Landmark Cars Ltd | ₹2,008 Cr | ₹495 | 42.7 | 3.4 | 6.9% | 9.3% | 1.5 | 0.3% | +11.03% |
| RACL Geartech Ltd | — | ₹1,608.85 | — | — | 16.9% | 14.7% | 0.7 | — | +48.69% |
| SAR Auto Products Ltd | — | — | — | — | 3.8% | 4.0% | 1.4 | — | +109.16% |
| Rico Auto Industries Ltd | ₹1,753 Cr | — | 48.9 | 2.3 | 7.7% | 9.2% | 0.9 | 0.4% | +3.14% |
| NDR Auto Components Ltd | ₹1,705 Cr | ₹714.95 | 26.3 | 4.8 | 18.8% | 19.3% | 0.2 | 0.6% | -4.81% |
| Goodyear India Ltd | — | ₹729.75 | — | — | 10.2% | 12.2% | 0.0 | — | -24.89% |
| Studds Accessories Ltd | — | ₹418.6 | — | — | 17.1% | 20.1% | 0.0 | — | -16.62% |
| Menon Bearings Ltd-$ | ₹1,635 Cr | — | 35.4 | 8.8 | 22.0% | 23.6% | 0.3 | 1.3% | +132.7% |
| Bharat Seats Ltd-$ | — | — | — | — | 19.9% | 17.4% | 0.5 | — | +42.59% |
| Kross Ltd | — | — | — | — | 12.0% | 14.0% | 0.1 | — | +3.80% |
| Igarashi Motors India Ltd | — | ₹411.25 | — | — | 2.6% | 3.3% | 0.3 | — | -2.11% |
| Atul Auto Ltd-$ | — | ₹456.25 | — | — | 9.3% | 10.6% | 0.3 | — | +5.14% |
| Jay Bharat Maruti Ltd | — | — | — | — | 22.2% | 12.0% | 0.8 | — | +21.62% |
| Munjal Auto Industries Ltd | ₹1,138 Cr | — | 22.7 | 2.5 | 10.7% | 8.9% | 0.9 | 0.9% | +53.38% |
| Precision Camshafts Ltd | ₹1,120 Cr | — | 35.5 | 1.3 | 3.0% | 7.3% | 0.1 | 0.8% | -19.77% |
| The Hi-Tech Gears Ltd | — | — | — | — | 4.2% | 5.1% | 0.4 | — | -19.26% |
| Automobile Corporation of Goa Ltd-$ | — | ₹1,765 | — | — | 24.9% | 29.1% | 0.0 | — | +0.05% |
| GRP Ltd | — | ₹2,011 | — | — | 1.6% | 2.8% | 1.2 | — | +11.97% |
| Saint Gobain Sekurit India Ltd | — | — | — | — | 20.0% | 24.0% | 0.0 | — | +3.39% |
| R M Drip and Sprinklers Systems Ltd | — | — | — | — | 36.7% | 31.7% | 0.5 | — | -61.05% |
| Popular Vehicles and Services Ltd | ₹783 Cr | — | — | 1.3 | -1.9% | -1.0% | 2.2 | — | -6.03% |
| I S T Ltd | — | ₹669.9 | — | — | 9.7% | 11.2% | 0.0 | — | -25.36% |
| Danlaw Technologies India Ltd-$ | ₹748 Cr | — | 29.4 | 7.5 | 26.1% | 26.3% | 0.3 | — | +52.11% |
| Enkei Wheels (India) Ltd | — | ₹403 | — | — | 10.1% | 1.8% | 1.2 | — | -26.55% |
| Indef Manufacturing Ltd | — | — | — | — | 8.8% | 8.7% | 0.0 | — | -35.41% |
| Mercury Ev-Tech Ltd | — | — | — | — | 1.6% | 2.2% | 0.0 | — | -29.3% |
| Indo Farm Equipment Ltd | ₹687 Cr | — | 27.6 | 1.2 | 4.5% | 7.4% | 0.3 | 0.0% | -23.98% |
| ZF Steering Gear India Ltd-$ | ₹678 Cr | ₹681.95 | 33.6 | 1.4 | 3.3% | 6.5% | 0.2 | 0.0% | -33.71% |
| Kinetic Engineering Ltd | — | — | — | — | 1.4% | 3.6% | 0.5 | — | +26.29% |
| Hindustan Composites Ltd | — | ₹400.1 | — | — | 0.4% | 0.5% | 0.0 | — | -5.03% |
| Triton Valves Ltd | ₹581 Cr | ₹1,143.4 | 29.8 | 4.5 | 9.0% | 11.4% | 1.0 | 0.2% | +62.85% |
| Menon Pistons Ltd | — | — | — | — | 15.4% | 21.5% | 0.0 | — | +28.01% |
| Captain Polyplast Ltd | ₹399 Cr | — | 14.2 | 2.1 | 16.3% | 18.6% | 0.5 | 0.0% | -16.89% |
| Autoline Industries Ltd | ₹392 Cr | — | 16.1 | 2.0 | 11.2% | 13.1% | 1.7 | 0.0% | +16.42% |
| Tara Chand InfraLogistic Solutions Limited | — | — | — | — | 20.5% | 18.2% | 0.9 | — | -29.98% |
| Tolins Tyres Ltd | — | — | — | — | 10.5% | 12.4% | 0.0 | — | -29.16% |
| PPAP Automotive Ltd | ₹355 Cr | — | 7.7 | 1.0 | 13.7% | 12.5% | 0.6 | 1.0% | +13.43% |
| Jinkushal Industries Ltd | ₹351 Cr | — | 41.1 | 1.8 | 8.6% | 9.8% | 0.5 | 0.0% | +14.09% |
| Jay Ushin Ltd | ₹340 Cr | — | 18.8 | 2.5 | 13.9% | 9.4% | 1.0 | 0.5% | +33.57% |
| Kalyani Forge Ltd | ₹336 Cr | ₹923.75 | 27.2 | 3.5 | 10.1% | 10.3% | 1.1 | 0.4% | +47.98% |
| Remsons Industries Ltd | ₹336 Cr | — | 18.9 | 2.3 | 13.5% | 15.5% | 0.7 | 0.3% | -14.7% |
| Ucal Ltd | ₹321 Cr | — | — | 1.0 | -5.4% | 3.3% | 0.6 | 0.0% | +35.85% |
| Elgi Rubber Company Limited | ₹315 Cr | — | — | 4.2 | -67.5% | -12.9% | 4.1 | 0.0% | -17.39% |
| Indag Rubber Ltd-$ | — | — | — | — | 3.5% | 4.5% | 0.1 | — | -11.65% |
| Talbros Engineering Ltd | — | — | — | — | 17.3% | 15.7% | 0.8 | — | -1.70% |
| Sundaram Brake Linings Ltd | — | — | — | — | 2.6% | 3.0% | 0.5 | — | +7.66% |
| Mahindra EPC Irrigation Ltd | ₹290 Cr | — | 30.3 | 1.6 | 7.3% | 9.1% | 0.2 | — | -21.03% |
| Him Teknoforge Ltd | — | — | — | — | 5.4% | 5.5% | 0.7 | — | +41.25% |
| Revathi Equipment India Ltd | ₹238 Cr | ₹775 | 15.3 | 1.7 | 10.5% | 15.0% | 0.5 | 0.0% | +4.45% |
| Bimetal Bearings Ltd | — | — | — | — | 5.1% | 6.9% | 0.0 | — | -3.93% |
| Shivam Autotech Ltd | — | — | — | — | —% | -28.4% | — | — | -19.59% |
| Sintercom India Limited | — | — | — | — | 1.4% | 2.0% | 0.5 | — | -32.73% |
| Competent Automobiles Company Ltd | — | ₹360.75 | — | — | 6.0% | 8.4% | 1.1 | — | -14.53% |
| Pavna Industries Ltd | ₹212 Cr | — | 28.0 | 1.0 | 2.6% | 5.5% | 0.6 | 0.0% | -19.52% |
| Jullundur Motor Agency (Delhi) Limited | — | — | — | — | 11.4% | 15.3% | 0.0 | — | +0.99% |
| IP Rings Ltd-$ | — | — | — | — | 2.0% | 1.9% | 1.2 | — | +3.06% |
| Wardwizard Innovations & Mobility Ltd | — | — | — | — | 1.6% | 1.9% | 1.0 | — | -62.95% |
| Dolfin Rubbers Ltd | — | — | — | — | 15.3% | 13.1% | 0.5 | — | -19.16% |
| Bharat Gears Ltd | — | — | — | — | 13.5% | 11.6% | 0.6 | — | -4.11% |
| Machino Plastics Ltd-$ | ₹154 Cr | — | 8,333.3 | 1.1 | 1.3% | 0.8% | 1.8 | — | -15.14% |
| Captain Pipes Ltd | — | ₹8.62 | — | — | 14.7% | 11.6% | 0.6 | — | -44.21% |
| Uravi Defence and Technology Ltd | — | — | — | — | 4.4% | 4.9% | 0.5 | — | -41.05% |
| Samkrg Pistons & Rings Ltd-$ | ₹114 Cr | — | 11.9 | 0.6 | 4.9% | 6.1% | 0.2 | 0.4% | -21.34% |
| Hindustan Hardy Ltd | — | — | — | — | 25.0% | 27.9% | 0.3 | — | -21.9% |
| Rungta Irrigation Ltd | — | — | — | — | 5.7% | 7.2% | 0.3 | — | -24.82% |
| Akar Auto Industries Ltd | — | ₹90 | — | — | 1.8% | 4.2% | 1.8 | — | -9.66% |
| Sal Automotive Ltd | — | ₹195.55 | — | — | 9.6% | 10.0% | 0.8 | — | -29.73% |
| GS Auto International Ltd | ₹93 Cr | ₹21.3 | 14.3 | 1.1 | 13.6% | 8.8% | 0.9 | — | -43.4% |
| Narmada Macplast Drip Irrigation Systems Ltd | — | — | — | — | 17.9% | 24.0% | 0.0 | — | +38.31% |
| Auto Pins (India) Ltd | — | — | — | — | 3.1% | 3.7% | 0.6 | — | -38.33% |
| Cranex Ltd | ₹65 Cr | — | 25.7 | 2.0 | 9.5% | 10.7% | 0.8 | — | -12.45% |
| Kranti Industries Ltd | — | — | — | — | 3.7% | 2.9% | 1.1 | — | -55.43% |
| Universal Autofoundry Ltd | — | ₹49.75 | — | — | -7.7% | -4.1% | 1.1 | — | -25.74% |
| Krypton Industries Ltd | — | ₹34.44 | — | — | 8.4% | 9.7% | 0.7 | — | -35.99% |
| Jagan Lamps Ltd | ₹46 Cr | — | 17.7 | 1.3 | 5.6% | 7.0% | 0.1 | — | -11.99% |
| Rasandik Engineering Industries India Ltd-$ | — | — | — | — | -7.2% | -5.9% | 0.3 | — | -38.93% |
| Vamshi Rubber Ltd | ₹16 Cr | ₹39 | — | 0.7 | 4.6% | 4.7% | 1.3 | — | -11.36% |
| Sibar Auto Parts Ltd | — | — | — | — | -9.6% | -18.9% | 1.1 | — | -20.75% |
The Indian automobile sector is the world's third-largest by volume, producing over 25 million vehicles annually. Passenger vehicle penetration remains low at ~35 per 1,000 people, implying decades of structural growth ahead. The EV transition is accelerating — two-wheeler EVs lead adoption, while passenger EV penetration is crossing 5%.
Commercial vehicles are cyclical but benefit from infrastructure spending and fleet modernization. Auto ancillary companies benefit from the 'China+1' sourcing shift, with several players winning global mandates. Key metrics: volume growth, average selling price trends, EBITDA margins, and order book visibility for CVs.
Valuations range from 10-15x for CVs to 30-40x for premium two-wheeler names.
rupiya.io is for research and education only. Metrics shown are not investment advice. Validate with SEBI-regulated disclosures before acting.