3 Leaf Springs, Pistons and Safety Locks Stocks With a Strong Future Roadmap: Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies
- October 21, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies: ROE of 14.9% to 20.1% and FY22 to FY26 revenue CAGR of 11.1% to 21.6%. Prices as of 20 Oct 2026.
Quick Answer
The three engine and chassis parts stocks to watch are Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies. Their return on equity ranges from 14.9% to 20.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.1% to 21.6%. Jamna Auto Industries has the highest return on equity at 20.1%, while SPR Auto Technologies has the fastest revenue growth at 21.6% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Engine and chassis parts stocks follow the components that support, power and secure every vehicle. Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies cover springs for commercial vehicles, pistons and rings and safety systems, locks and cast parts.
This list covers three engine and chassis parts stocks with complete current figures: Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
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What Are Engine and Chassis Parts Stocks?
Engine and chassis parts stocks are listed companies that make springs, pistons, locks and similar parts for vehicle makers and the aftermarket. Their earnings follow vehicle production and replacement demand.
Engine and Chassis Parts Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Jamna Auto Industries | 139.02 | 5,570 | 23.8 | 36.9 | 20.1 | 0.01 |
| SPR Auto Technologies | 4,621 | 21,451 | 37.3 | 36.9 | 19.1 | 0.68 |
| Sandhar Technologies | 520.45 | 3,135 | 15.1 | 36.9 | 14.9 | 0.86 |
On valuation, Jamna Auto Industries and Sandhar Technologies trade at a P/E below the industry P/E, while SPR Auto Technologies trades above it, which reflects the growth the market already expects. Readers comparing engine and chassis parts stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Engine and Chassis Parts Stocks Have a Strong Roadmap in India?
Engine and chassis parts stocks have a strong roadmap in India because vehicle output is growing, fleets need regular replacement parts and suppliers with proven quality are winning larger shares.
- Rising vehicle output. Higher production of trucks, cars and two-wheelers lifts demand.
- Aftermarket sales. Replacement parts provide demand beyond new vehicles.
- Safety content. Locks and safety systems add value per vehicle.
Why Jamna Auto Industries Features Among These Engine and Chassis Parts Stocks
Among the engine and chassis parts stocks on this list, Jamna Auto Industries makes leaf and parabolic springs for commercial vehicles, trailers and buses, and holds a leading position in India’s suspension springs.
The company has a return on equity of 20.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 5,570 crore. The stock trades at a P/E of 23.8, below the industry P/E of 36.9.
Revenue rose from Rs 1,723 crore in FY22 to Rs 2,621 crore in FY26, a compound annual growth rate of 11.1%. Net profit grew from Rs 141 crore in FY22 to Rs 231 crore in FY26, which works out to a compound annual growth rate of 13.2%. In the June 2026 quarter, revenue grew 6.8% year on year to Rs 614 crore, while net profit rose 6.1% to Rs 48.5 crore.
Roadmap: The company benefits from replacement demand and from the shift to lighter, parabolic springs that carry higher margins. A fleet upgrade cycle and infrastructure spending drive commercial vehicle volumes, and Jamna also sells to the aftermarket.
What to watch: Monitor commercial vehicle production trends and steel price movements.
Why SPR Auto Technologies Features Among These Engine and Chassis Parts Stocks
Among the leaf spring shares on this list, SPR Auto Technologies, earlier known as Shriram Pistons & Rings, makes pistons, piston rings, pins and engine parts for vehicles, tractors, stationary engines and the aftermarket.
Revenue rose from Rs 2,094 crore in FY22 to Rs 4,571 crore in FY26, a compound annual growth rate of 21.6%. Net profit grew from Rs 164 crore in FY22 to Rs 561 crore in FY26, which works out to a compound annual growth rate of 36.1%.
In the June 2026 quarter, revenue grew 51.2% year on year to Rs 1,499 crore, while net profit rose 9.5% to Rs 148 crore. The company has a return on equity of 19.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 21,451 crore. The stock trades at a P/E of 37.3, above the industry P/E of 36.9.
Roadmap: The company supplies leading vehicle makers and sells through the aftermarket, which gives it a balanced customer mix. Expansion in engine components, along with new electric vehicle-ready products, supports future growth.
What to watch: Watch the original equipment demand trend and the share of aftermarket and exports in revenue.
Why Sandhar Technologies Features Among These Engine and Chassis Parts Stocks
Among the three companies on this list, Sandhar Technologies supplies safety systems, locks, mirrors, wheels, aluminium die castings and sheet metal parts to two-wheeler, commercial vehicle and passenger vehicle makers.
In the June 2026 quarter, revenue grew 25.6% year on year to Rs 1,394 crore, while net profit rose 33.1% to Rs 37.3 crore. Revenue rose from Rs 2,331 crore in FY22 to Rs 4,927 crore in FY26, a compound annual growth rate of 20.6%.
Net profit grew from Rs 55.9 crore in FY22 to Rs 199 crore in FY26, which works out to a compound annual growth rate of 37.3%. The company has a return on equity of 14.9%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 3,135 crore. The stock trades at a P/E of 15.1, below the industry P/E of 36.9.
Roadmap: The company supplies leading vehicle makers and has been growing its content per vehicle through new product lines. It has also expanded in aluminium die casting and in electronics and mechatronics.
What to watch: Watch new product ramp-ups and growth in the electric two-wheeler segment.
Jamna Auto Industries vs SPR Auto Technologies vs Sandhar Technologies on Key Financials
The table below sets the three engine and chassis parts stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Jamna Auto Industries | 1,723 | 2,621 | 11.1% | 231 | 8.8% |
| SPR Auto Technologies | 2,094 | 4,571 | 21.6% | 561 | 12.3% |
| Sandhar Technologies | 2,331 | 4,927 | 20.6% | 199 | 4.0% |
Jamna Auto Industries posts the highest return on equity in this group at 20.1%. Sandhar Technologies has the largest FY26 revenue at Rs 4,927 crore, and SPR Auto Technologies shows the fastest revenue growth with a 21.6% compound annual rate. A useful habit with engine and chassis parts stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Jamna Auto Industries | 575 | 614 | 6.8% |
| SPR Auto Technologies | 992 | 1,499 | 51.2% |
| Sandhar Technologies | 1,110 | 1,394 | 25.6% |
Key Risks to Check Before Investing in Engine and Chassis Parts Stocks
Every theme carries risks that deserve a check before any decision. For these engine and chassis parts stocks, the main points are: Long-term leaf spring shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Vehicle cycles. Component demand follows vehicle sales.
- Customer concentration. A few vehicle makers account for much of the revenue.
- Raw material costs. Steel and aluminium prices influence margins.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter engine and chassis parts stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Engine and Chassis Parts Stocks
Engine and chassis parts stocks reward investors who follow production trends and replacement demand. Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies each supply essential parts. Based on the 20 October 2026 close, Jamna Auto Industries trades at Rs 139.02, SPR Auto Technologies at Rs 4,621 and Sandhar Technologies at Rs 520.45. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these engine and chassis parts stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are engine and chassis parts stocks?
Ans. Engine and chassis parts stocks are listed companies that make springs, pistons, locks and similar parts for vehicle makers and the aftermarket. Their earnings follow vehicle production and replacement demand. This list looks at three of them, Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which engine and chassis parts stocks are covered in this list?
Ans. This list covers Jamna Auto Industries, SPR Auto Technologies and Sandhar Technologies. Based on the 20 October 2026 close, Jamna Auto Industries traded at Rs 139.02, SPR Auto Technologies at Rs 4,621 and Sandhar Technologies at Rs 520.45. Their return on equity ranges from 14.9% to 20.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.1% to 21.6%.
Why do engine and chassis parts stocks have a strong future roadmap in India?
Ans. Engine and chassis parts stocks have a strong roadmap in India because vehicle output is growing, fleets need regular replacement parts and suppliers with proven quality are winning larger shares. The main drivers are as follows. Rising vehicle output. Higher production of trucks, cars and two-wheelers lifts demand. Aftermarket sales. Replacement parts provide demand beyond new vehicles. Safety content. Locks and safety systems add value per vehicle. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Jamna Auto Industries performed financially?
Ans. Revenue rose from Rs 1,723 crore in FY22 to Rs 2,621 crore in FY26, a compound annual growth rate of 11.1%. Net profit grew from Rs 141 crore in FY22 to Rs 231 crore in FY26, which works out to a compound annual growth rate of 13.2%. In the June 2026 quarter, revenue grew 6.8% year on year to Rs 614 crore, while net profit rose 6.1% to Rs 48.5 crore. The company has a return on equity of 20.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 5,570 crore. The stock trades at a P/E of 23.8, below the industry P/E of 36.9. Looking ahead, the company benefits from replacement demand and from the shift to lighter, parabolic springs that carry higher margins. A fleet upgrade cycle and infrastructure spending drive commercial vehicle volumes, and Jamna also sells to the aftermarket.
How has SPR Auto Technologies performed financially?
Ans. Revenue rose from Rs 2,094 crore in FY22 to Rs 4,571 crore in FY26, a compound annual growth rate of 21.6%. Net profit grew from Rs 164 crore in FY22 to Rs 561 crore in FY26, which works out to a compound annual growth rate of 36.1%. In the June 2026 quarter, revenue grew 51.2% year on year to Rs 1,499 crore, while net profit rose 9.5% to Rs 148 crore. The company has a return on equity of 19.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 21,451 crore. The stock trades at a P/E of 37.3, above the industry P/E of 36.9. Looking ahead, the company supplies leading vehicle makers and sells through the aftermarket, which gives it a balanced customer mix. Expansion in engine components, along with new electric vehicle-ready products, supports future growth.
How has Sandhar Technologies performed financially?
Ans. Revenue rose from Rs 2,331 crore in FY22 to Rs 4,927 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 55.9 crore in FY22 to Rs 199 crore in FY26, which works out to a compound annual growth rate of 37.3%. In the June 2026 quarter, revenue grew 25.6% year on year to Rs 1,394 crore, while net profit rose 33.1% to Rs 37.3 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 3,135 crore. The stock trades at a P/E of 15.1, below the industry P/E of 36.9. Looking ahead, the company supplies leading vehicle makers and has been growing its content per vehicle through new product lines. It has also expanded in aluminium die casting and in electronics and mechatronics.
What risks should investors check before buying engine and chassis parts stocks?
Ans. Investors should check a few risks before buying engine and chassis parts stocks. Vehicle cycles. Component demand follows vehicle sales. Customer concentration. A few vehicle makers account for much of the revenue. Raw material costs. Steel and aluminium prices influence margins. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of engine and chassis parts stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.