Auto Components & Equipments industry

152 companies · ₹11.6 L cr · 83 with AI deep dives · Q2FY27 report

Volume boom of ~20% runs into West Asia-driven input inflation; lagged pass-through, not demand, sets margins

Mid cyclemargin range-bound near 11.3%

Revenue YoY: +21.7%
EBITDA margin: 11.3%; -10bps YoY
Price, 1 year: +6.1%; 53% of names up
P/E vs own 5y: +11.0%; 28.8x now

Exhibit 1The quarter in numbers

constant panel of 76 companies above ₹500 cr

aggregate revenue (₹ cr)EBITDA margin (right axis)

Metric	Jun 26	Mar 26	QoQ	Jun 25	YoY	Peak	vs peak
Revenue	1.27 L cr	1.23 L cr	+3.4%	1.04 L cr	+21.7%	1.27 L cr	0.0%
EBITDA margin	11.3%	12.5%	-120bps	11.4%	-10bps	12.7%	-140bps

Revenue

Jun 26: 1.27 L cr

Exhibit 4Screen

P/E below the sub-industry median of 28.75x, 5y ROCE above its median of 13.91%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

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Exhibit 5Coverage (25 of 152)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
Samvardhana Motherson International Ltd	₹1.7 L cr	37.1x	15.4x	12.8%	9.4%	+16.7%	Unlock
Bosch Ltd	₹1.3 L cr

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-09-30

headwindWest Asia-driven commodity, energy and freight inflation compresses margins18 managements

Nearly every management flagged it: copper +40-53% YoY (Motherson, MSUMI, Dhoot), aluminium ₹260 to >₹360/kg (ZF CV), steel (TI, Belrise), polymers +55% in Germany (Motherson)…

MSUMI (Q1FY27): “Higher average copper prices compared with the prior year, along with significant minimum…”

mixed12 managements tailwind14 managements

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 127 companies

1-30

sort: mcap · composite · name

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
Asahi India Glass Ltd	₹23,198 cr	52.6x	26.7x	11.7%	18.4%	+15.0%