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Apr 30
Indian (NIFTY) Auto Components Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies125
- 7D-1.6%
- 3M1.0%
- 1Y45.7%
- YTD6.9%
Over the last 7 days, the Auto Components industry has dropped 1.6%, driven by pullbacks in Samvardhana Motherson International and MRF of 4.4% and 6.4%, respectively. On the other hand Tube Investments of India is actually up 6.9%. Over the past 12 months, the industry was up 46%. Looking forward, earnings are forecast to grow by 19% 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, 08 May 2024 | ₹9.1t | ₹4.6t | ₹244.1b | 29.9x | 37.4x | 2x |
| Fri, 05 Apr 2024 | ₹9.0t | ₹4.5t | ₹242.8b | 30.8x | 36.9x | 2x |
| Sun, 03 Mar 2024 | ₹9.0t | ₹4.5t | ₹242.7b | 31x | 37.1x | 2x |
| Tue, 30 Jan 2024 | ₹8.9t | ₹4.4t | ₹225.5b | 30.7x | 39.5x | 2x |
| Thu, 28 Dec 2023 | ₹8.3t | ₹4.4t | ₹222.7b | 31.5x | 37.3x | 1.9x |
| Sat, 25 Nov 2023 | ₹7.9t | ₹4.4t | ₹222.7b | 29.4x | 35.3x | 1.8x |
| Mon, 23 Oct 2023 | ₹7.6t | ₹4.2t | ₹199.3b | 29.2x | 37.9x | 1.8x |
| Wed, 20 Sep 2023 | ₹7.7t | ₹4.2t | ₹197.4b | 28.2x | 39.1x | 1.8x |
| Fri, 18 Aug 2023 | ₹7.2t | ₹4.2t | ₹197.1b | 27.8x | 36.7x | 1.7x |
| Sun, 16 Jul 2023 | ₹7.2t | ₹4.1t | ₹176.1b | 27.6x | 40.8x | 1.8x |
| Tue, 13 Jun 2023 | ₹6.6t | ₹4.1t | ₹175.5b | 24.1x | 37.4x | 1.6x |
| Thu, 11 May 2023 | ₹6.2t | ₹4.0t | ₹166.4b | 24.8x | 37.5x | 1.6x |
| Sat, 08 Apr 2023 | ₹5.7t | ₹4.0t | ₹160.6b | 22.9x | 35.3x | 1.4x |
| Mon, 06 Mar 2023 | ₹5.8t | ₹4.0t | ₹160.1b | 20.7x | 36.3x | 1.5x |
| Wed, 01 Feb 2023 | ₹5.9t | ₹3.8t | ₹155.7b | 22.7x | 37.6x | 1.5x |
| Fri, 30 Dec 2022 | ₹5.8t | ₹3.8t | ₹154.9b | 24.5x | 37.6x | 1.5x |
| Sun, 27 Nov 2022 | ₹5.8t | ₹3.8t | ₹154.9b | 22.6x | 37.5x | 1.5x |
| Tue, 25 Oct 2022 | ₹5.6t | ₹3.6t | ₹150.7b | 22.7x | 36.9x | 1.5x |
| Thu, 22 Sep 2022 | ₹5.8t | ₹3.5t | ₹146.1b | 23.2x | 39.7x | 1.6x |
| Sat, 20 Aug 2022 | ₹5.6t | ₹3.5t | ₹146.0b | 22.4x | 38.6x | 1.6x |
| Mon, 18 Jul 2022 | ₹5.4t | ₹3.3t | ₹136.1b | 24.2x | 39.5x | 1.6x |
| Wed, 15 Jun 2022 | ₹4.8t | ₹3.3t | ₹135.4b | 21.6x | 35.5x | 1.5x |
| Fri, 13 May 2022 | ₹4.9t | ₹3.3t | ₹136.6b | 20.9x | 35.7x | 1.5x |
| Sun, 10 Apr 2022 | ₹5.5t | ₹3.3t | ₹137.5b | 22.9x | 39.8x | 1.6x |
| Tue, 08 Mar 2022 | ₹4.7t | ₹3.3t | ₹137.3b | 20.4x | 34.1x | 1.4x |
| Thu, 03 Feb 2022 | ₹5.6t | ₹3.3t | ₹148.5b | 22.1x | 37.8x | 1.7x |
| Sat, 01 Jan 2022 | ₹5.5t | ₹3.3t | ₹150.2b | 21x | 36.8x | 1.7x |
| Mon, 29 Nov 2021 | ₹5.3t | ₹3.3t | ₹150.1b | 19.3x | 35x | 1.6x |
| Wed, 27 Oct 2021 | ₹5.3t | ₹3.1t | ₹143.4b | 21.7x | 36.9x | 1.7x |
| Fri, 24 Sep 2021 | ₹5.2t | ₹3.1t | ₹140.4b | 20.8x | 36.7x | 1.7x |
| Sun, 22 Aug 2021 | ₹4.7t | ₹3.1t | ₹142.1b | 19.6x | 33.2x | 1.5x |
| Fri, 09 Jul 2021 | ₹4.8t | ₹3.1t | ₹142.1b | 18.5x | 33.7x | 1.5x |
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 37.7x.
- The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Auto Components industry have grown 42% per year over the last three years.
- Revenues for these companies have grown 19% 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 | -1.98% | |
| Consumer Discretionary | -2.07% | |
| Auto Components | -1.57% | |
| Auto Parts and Equipment | -1.00% | |
| Tires and Rubber | -4.19% | |
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 41.4x.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings growth of 17.8% per year.
- Investors are most pessimistic about the Tires and Rubber industry, which is trading below 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 21% 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 13% 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 | ₹1.41k | 10.8% +₹63.8b | 81.2% | PE77.1x | |
| TIINDIA Tube Investments of India | ₹4.01k | 7.2% +₹51.8b | 47.2% | PE125.2x | |
| 520056 TVS Holdings | ₹9.95k | 14.2% +₹25.1b | 138.2% | PE27.9x | |
| 500530 Bosch | ₹30.06k | 2.4% +₹20.8b | 55.3% | PE38.1x | |
| 502355 Balkrishna Industries | ₹2.47k | 1.7% +₹8.0b | 12.2% | PE38.4x |