Fewer Investors Than Expected Jumping On Varroc Engineering Limited (NSE:VARROC)
May 09
Indian (NIFTY) Auto Parts and Equipment Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies111
- 7D0.8%
- 3M7.0%
- 1Y52.2%
- YTDn/a
Over the last 7 days, the Auto Parts and Equipment industry has dropped 1.0%, driven by Samvardhana Motherson International declining 1.9%. In contrast, Bharat Forge has gained 11%. Over the past 12 months, the industry was up 51%. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Indian Auto Parts and Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | ₹7.7t | ₹3.6t | ₹176.8b | 30.2x | 43.6x | 2.1x |
| Sat, 06 Apr 2024 | ₹7.3t | ₹3.6t | ₹174.8b | 31.3x | 42x | 2x |
| Mon, 04 Mar 2024 | ₹7.3t | ₹3.6t | ₹174.8b | 31.3x | 42x | 2x |
| Wed, 31 Jan 2024 | ₹7.1t | ₹3.5t | ₹164.6b | 30.8x | 43.3x | 2x |
| Fri, 29 Dec 2023 | ₹6.7t | ₹3.5t | ₹165.2b | 30.5x | 40.4x | 1.9x |
| Sun, 26 Nov 2023 | ₹6.4t | ₹3.5t | ₹165.3b | 29.4x | 38.6x | 1.8x |
| Tue, 24 Oct 2023 | ₹5.9t | ₹3.3t | ₹151.4b | 27.7x | 39.3x | 1.8x |
| Thu, 21 Sep 2023 | ₹6.3t | ₹3.3t | ₹151.2b | 28.8x | 41.5x | 1.9x |
| Sat, 19 Aug 2023 | ₹5.9t | ₹3.3t | ₹150.8b | 27.6x | 38.8x | 1.8x |
| Mon, 17 Jul 2023 | ₹5.8t | ₹3.2t | ₹139.7b | 26.8x | 41.5x | 1.8x |
| Wed, 14 Jun 2023 | ₹5.3t | ₹3.2t | ₹139.1b | 24.1x | 38.1x | 1.7x |
| Fri, 12 May 2023 | ₹5.0t | ₹3.1t | ₹129.9b | 22.2x | 38.7x | 1.6x |
| Sun, 09 Apr 2023 | ₹4.6t | ₹3.1t | ₹130.0b | 20x | 35.2x | 1.5x |
| Tue, 07 Mar 2023 | ₹4.8t | ₹3.1t | ₹129.6b | 20.4x | 36.7x | 1.5x |
| Thu, 02 Feb 2023 | ₹4.7t | ₹3.0t | ₹124.4b | 20.5x | 37.4x | 1.6x |
| Sat, 31 Dec 2022 | ₹4.7t | ₹2.9t | ₹123.8b | 22x | 38x | 1.6x |
| Mon, 28 Nov 2022 | ₹4.7t | ₹2.9t | ₹123.7b | 21.5x | 37.8x | 1.6x |
| Wed, 26 Oct 2022 | ₹4.5t | ₹2.8t | ₹119.3b | 20.7x | 38.1x | 1.6x |
| Fri, 23 Sep 2022 | ₹4.7t | ₹2.7t | ₹114.7b | 22.2x | 41.2x | 1.7x |
| Sun, 21 Aug 2022 | ₹4.5t | ₹2.7t | ₹114.6b | 20.2x | 39.7x | 1.7x |
| Tue, 19 Jul 2022 | ₹4.3t | ₹2.5t | ₹104.6b | 22.4x | 41.5x | 1.7x |
| Thu, 16 Jun 2022 | ₹3.9t | ₹2.5t | ₹104.0b | 20.5x | 37.7x | 1.5x |
| Sat, 14 May 2022 | ₹4.0t | ₹2.6t | ₹99.2b | 19.6x | 40.2x | 1.6x |
| Mon, 11 Apr 2022 | ₹4.5t | ₹2.6t | ₹98.8b | 22.9x | 45.8x | 1.7x |
| Wed, 09 Mar 2022 | ₹3.8t | ₹2.6t | ₹98.6b | 21.3x | 38.8x | 1.5x |
| Fri, 04 Feb 2022 | ₹4.6t | ₹2.6t | ₹102.1b | 23.1x | 45x | 1.8x |
| Sun, 02 Jan 2022 | ₹4.5t | ₹2.6t | ₹102.1b | 21.7x | 44.1x | 1.8x |
| Tue, 30 Nov 2021 | ₹4.2t | ₹2.6t | ₹101.9b | 20.9x | 41.5x | 1.7x |
| Thu, 28 Oct 2021 | ₹4.2t | ₹2.5t | ₹95.7b | 21.9x | 43.8x | 1.7x |
| Sat, 25 Sep 2021 | ₹4.0t | ₹2.4t | ₹93.8b | 21.2x | 42.8x | 1.6x |
| Mon, 23 Aug 2021 | ₹3.6t | ₹2.4t | ₹92.8b | 19.8x | 39x | 1.5x |
| Sat, 10 Jul 2021 | ₹3.7t | ₹2.4t | ₹92.8b | 18.8x | 40.3x | 1.5x |
Price to Earnings Ratio
74.1x
Current Industry PE
- Investors are relatively neutral on the Indian Auto Parts and Equipment 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 41.4x.
- 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 Parts and Equipment industry have grown 56% 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 Comparison
How does Indian Auto Parts and Equipment compare with similar industries?
| IN Market | -1.48% | |
| Consumer Discretionary | -1.19% | |
| Auto Components | 0.13% | |
| Auto Parts and Equipment | 0.82% | |
| Tires and Rubber | -3.09% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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% +₹64.0b | 81.5% | PE69.1x | |
| TIINDIA Tube Investments of India | ₹3.95k | 4.2% +₹30.4b | 42.7% | PE123.3x | |
| 520056 TVS Holdings | ₹9.72k | 8.2% +₹14.9b | 130.0% | PE27.3x | |
| SUNCLAY Sundaram-Clayton | ₹1.78k | 7.5% +₹2.5b | n/a | PS1.8x | |
| SUNDRMFAST Sundram Fasteners | ₹1.14k | 0.8% +₹1.9b | 7.4% | PE46.7x |
