3 Suspension and Brake Systems, Automotive Lighting and Gaskets and Forgings Stocks With a Strong Future Roadmap: Endurance Technologies, Lumax Industries and Talbros Automotive Components
- October 23, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Endurance Technologies, Lumax Industries and Talbros Automotive Components: ROE of 13.9% to 18.8% and FY22 to FY26 revenue CAGR of 10.9% to 24.1%. Prices as of 22 Oct 2026.
Quick Answer
The three suspension, lighting and gasket supplier stocks to watch are Endurance Technologies, Lumax Industries and Talbros Automotive Components. Their return on equity ranges from 13.9% to 18.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 24.1%. Lumax Industries leads on both return on equity at 18.8% and revenue growth at 24.1% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.
Suspension, lighting and gasket supplier stocks let investors follow auto parts makers that supply essential systems. Endurance Technologies, Lumax Industries and Talbros Automotive Components cover suspension and brake systems, automotive lighting and gaskets and forgings.
This list covers three suspension, lighting and gasket supplier stocks with complete current figures: Endurance Technologies, Lumax Industries and Talbros Automotive Components. Every figure comes from the latest reported financials and the 22 October 2026 market close. Companies without complete current figures were left out.
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What Are Suspension, Lighting and Gasket Supplier Stocks?
Suspension, lighting and gasket supplier stocks are listed auto component companies that make suspension, brakes, lamps and engine parts. Their earnings depend on vehicle production, content per vehicle and aftermarket sales.
Suspension, Lighting and Gasket Supplier Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Endurance Technologies | 2,329.7 | 33,317 | 34.4 | 36.9 | 13.9 | 0.19 |
| Lumax Industries | 5,221 | 5,073 | 27.1 | 36.9 | 18.8 | 1.06 |
| Talbros Automotive Components | 348.1 | 2,171 | 19.4 | 36.9 | 14.0 | 0.11 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing suspension, lighting and gasket supplier stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Suspension, Lighting and Gasket Supplier Stocks Have a Strong Roadmap in India?
Suspension, lighting and gasket supplier stocks have a strong roadmap in India because vehicle sales are growing, buyers prefer better-equipped models and makers keep sourcing parts locally.
- Higher content per vehicle. Advanced lighting and braking add value in every vehicle.
- Local sourcing. Vehicle makers widen their Indian supplier base.
- Aftermarket sales. Replacement parts add steady revenue.
Why Endurance Technologies Features Among These Suspension, Lighting and Gasket Supplier Stocks
Among the suspension, lighting and gasket supplier stocks on this list, Endurance Technologies is a Chhatrapati Sambhajinagar-based auto component maker that supplies suspension, brake systems, aluminium castings and transmission parts to two-wheeler, three-wheeler and car makers in India and Europe.
In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%.
Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9.
Roadmap: The company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.
What to watch: Track growth in braking and suspension content and the European business.
Why Lumax Industries Features Among These Suspension, Lighting and Gasket Supplier Stocks
Among the two-wheeler and car parts shares on this list, Lumax Industries makes automotive lighting systems such as headlamps and tail lamps for passenger cars, two-wheelers and commercial vehicles.
The company has a return on equity of 18.8%, a debt to equity ratio of 1.06 and a market capitalisation of Rs 5,073 crore. The stock trades at a P/E of 27.1, below the industry P/E of 36.9.
Revenue rose from Rs 1,765 crore in FY22 to Rs 4,191 crore in FY26, a compound annual growth rate of 24.1%. Net profit grew from Rs 40.7 crore in FY22 to Rs 172 crore in FY26, which works out to a compound annual growth rate of 43.5%. In the June 2026 quarter, revenue grew 32.6% year on year to Rs 1,227 crore, while net profit rose 41.1% to Rs 51.1 crore.
Roadmap: The shift to LED and advanced lighting raises the value of each vehicle’s lighting set. Lumax is adding new programmes with its customers and is investing in technology tie-ups to stay close to design changes.
What to watch: Track new vehicle launches and the pace at which LED content is added.
Why Talbros Automotive Components Features Among These Suspension, Lighting and Gasket Supplier Stocks
Among the three companies on this list, Talbros Automotive Components makes gaskets, forgings, heat shields and anti-vibration products for automakers and the aftermarket, and is part of the Talbros group.
Revenue rose from Rs 588 crore in FY22 to Rs 889 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew from Rs 44.9 crore in FY22 to Rs 104 crore in FY26, which works out to a compound annual growth rate of 23.4%.
In the June 2026 quarter, revenue grew 15.0% year on year to Rs 242 crore, while net profit rose 35.2% to Rs 30.0 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,171 crore. The stock trades at a P/E of 19.4, below the industry P/E of 36.9.
Roadmap: Its roadmap includes capacity in forgings, entry into products for electric vehicles and a growing export book. The aftermarket business offers steady demand through the vehicle’s life, which provides a base for earnings.
What to watch: Monitor demand from major vehicle customers and raw material price trends.
Endurance Technologies vs Lumax Industries vs Talbros Automotive Components on Key Financials
The table below sets the three suspension, lighting and gasket supplier 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 |
|---|---|---|---|---|---|
| Endurance Technologies | 7,590 | 14,720 | 18.0% | 952 | 6.5% |
| Lumax Industries | 1,765 | 4,191 | 24.1% | 172 | 4.1% |
| Talbros Automotive Components | 588 | 889 | 10.9% | 104 | 11.7% |
Lumax Industries posts the highest return on equity in this group at 18.8%. Endurance Technologies has the largest FY26 revenue at Rs 14,720 crore, and Lumax Industries shows the fastest revenue growth with a 24.1% compound annual rate. A useful habit with suspension, lighting and gasket supplier 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 |
|---|---|---|---|
| Endurance Technologies | 3,355 | 4,348 | 29.6% |
| Lumax Industries | 925 | 1,227 | 32.6% |
| Talbros Automotive Components | 211 | 242 | 15.0% |
Key Risks to Check Before Investing in Suspension, Lighting and Gasket Supplier Stocks
Every theme carries risks that deserve a check before any decision. For these suspension, lighting and gasket supplier stocks, the main points are: Long-term two-wheeler and car parts shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Auto cycle. Vehicle demand can slow with interest rates or fuel prices.
- Commodity costs. Steel and aluminium prices influence margins.
- Customer concentration. A few large vehicle makers account for a major share of sales.
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 suspension, lighting and gasket supplier stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Suspension, Lighting and Gasket Supplier Stocks
Suspension, lighting and gasket supplier stocks reward investors who follow vehicle demand, content per vehicle and aftermarket sales together. Endurance Technologies, Lumax Industries and Talbros Automotive Components each have clear room to grow. Based on the 22 October 2026 close, Endurance Technologies trades at Rs 2,329.7, Lumax Industries at Rs 5,221 and Talbros Automotive Components at Rs 348.1. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these suspension, lighting and gasket supplier 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 suspension, lighting and gasket supplier stocks?
Ans. Suspension, lighting and gasket supplier stocks are listed auto component companies that make suspension, brakes, lamps and engine parts. Their earnings depend on vehicle production, content per vehicle and aftermarket sales. This list looks at three of them, Endurance Technologies, Lumax Industries and Talbros Automotive Components, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.
Which suspension, lighting and gasket supplier stocks are covered in this list?
Ans. This list covers Endurance Technologies, Lumax Industries and Talbros Automotive Components. Based on the 22 October 2026 close, Endurance Technologies traded at Rs 2,329.7, Lumax Industries at Rs 5,221 and Talbros Automotive Components at Rs 348.1. Their return on equity ranges from 13.9% to 18.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 24.1%.
Why do suspension, lighting and gasket supplier stocks have a strong future roadmap in India?
Ans. Suspension, lighting and gasket supplier stocks have a strong roadmap in India because vehicle sales are growing, buyers prefer better-equipped models and makers keep sourcing parts locally. The main drivers are as follows. Higher content per vehicle. Advanced lighting and braking add value in every vehicle. Local sourcing. Vehicle makers widen their Indian supplier base. Aftermarket sales. Replacement parts add steady revenue. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Endurance Technologies performed financially?
Ans. Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9. Looking ahead, the company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.
How has Lumax Industries performed financially?
Ans. Revenue rose from Rs 1,765 crore in FY22 to Rs 4,191 crore in FY26, a compound annual growth rate of 24.1%. Net profit grew from Rs 40.7 crore in FY22 to Rs 172 crore in FY26, which works out to a compound annual growth rate of 43.5%. In the June 2026 quarter, revenue grew 32.6% year on year to Rs 1,227 crore, while net profit rose 41.1% to Rs 51.1 crore. The company has a return on equity of 18.8%, a debt to equity ratio of 1.06 and a market capitalisation of Rs 5,073 crore. The stock trades at a P/E of 27.1, below the industry P/E of 36.9. Looking ahead, the shift to LED and advanced lighting raises the value of each vehicle’s lighting set. Lumax is adding new programmes with its customers and is investing in technology tie-ups to stay close to design changes.
How has Talbros Automotive Components performed financially?
Ans. Revenue rose from Rs 588 crore in FY22 to Rs 889 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew from Rs 44.9 crore in FY22 to Rs 104 crore in FY26, which works out to a compound annual growth rate of 23.4%. In the June 2026 quarter, revenue grew 15.0% year on year to Rs 242 crore, while net profit rose 35.2% to Rs 30.0 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,171 crore. The stock trades at a P/E of 19.4, below the industry P/E of 36.9. Looking ahead, its roadmap includes capacity in forgings, entry into products for electric vehicles and a growing export book. The aftermarket business offers steady demand through the vehicle’s life, which provides a base for earnings.
What risks should investors check before buying suspension, lighting and gasket supplier stocks?
Ans. Investors should check a few risks before buying suspension, lighting and gasket supplier stocks. Auto cycle. Vehicle demand can slow with interest rates or fuel prices. Commodity costs. Steel and aluminium prices influence margins. Customer concentration. A few large vehicle makers account for a major share of sales. 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 suspension, lighting and gasket supplier stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 22 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.
