3 Brake and Wheel Assemblies, Automotive Lighting and Commercial Vehicle Braking Systems Stocks With a Strong Future Roadmap: ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India
- October 23, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India: ROE of 14.0% to 22.7% and FY22 to FY26 revenue CAGR of 13.6% to 20.0%. Prices as of 22 Oct 2026.
Quick Answer
The three brake, lighting and vehicle safety stocks to watch are ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India. Their return on equity ranges from 14.0% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.6% to 20.0%. ASK Automotive leads on both return on equity at 22.7% and revenue growth at 20.0% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.
Brake, lighting and vehicle safety stocks let investors follow auto component makers that supply safety-critical parts. ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India cover brake and wheel assemblies, automotive lighting and braking and control systems for commercial vehicles.
This list covers three brake, lighting and vehicle safety stocks with complete current figures: ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India. 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 Brake, Lighting and Vehicle Safety Stocks?
Brake, lighting and vehicle safety stocks are listed auto component companies that make braking systems, lamps and control systems. Their earnings depend on vehicle production, content per vehicle and safety rules.
Brake, Lighting and Vehicle Safety Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| ASK Automotive | 548.15 | 11,184 | 35.4 | 36.9 | 22.7 | 0.52 |
| Fiem Industries | 1,865.1 | 4,790 | 18.2 | 36.9 | 21.0 | 0.05 |
| ZF Commercial Vehicle Control Systems India | 2,096.3 | 24,345 | 48.8 | 36.9 | 14.0 | 0.01 |
On valuation, ASK Automotive and Fiem Industries trade at a P/E below the industry P/E, while ZF Commercial Vehicle Control Systems India trades above it, which reflects the growth the market already expects. Readers comparing brake, lighting and vehicle safety stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in brake, lighting and vehicle safety stocks can use the coming numbers to test whether growth is holding.
Why Do Brake, Lighting and Vehicle Safety Stocks Have a Strong Roadmap in India?
Brake, lighting and vehicle safety stocks have a strong roadmap in India because safety rules, LED adoption and rising vehicle output lift the value of parts in every vehicle.
- Safety rules. Advanced braking and lighting become mandatory in more vehicles.
- LED adoption. LED lighting replaces older bulbs.
- Content per vehicle. Better-equipped models carry more parts.
Why ASK Automotive Features Among These Brake, Lighting and Vehicle Safety Stocks
Among the brake, lighting and vehicle safety stocks on this list, ASK Automotive makes brake shoes, brake pads, wheel assemblies and aluminium light-weighting parts, mainly for two-wheelers and with a growing presence in passenger vehicles.
In the June 2026 quarter, revenue grew 52.1% year on year to Rs 1,361 crore, while net profit rose 28.8% to Rs 85.1 crore. Revenue rose from Rs 2,024 crore in FY22 to Rs 4,196 crore in FY26, a compound annual growth rate of 20.0%.
Net profit grew from Rs 82.7 crore in FY22 to Rs 297 crore in FY26, which works out to a compound annual growth rate of 37.7%. The company has a return on equity of 22.7%, a debt to equity ratio of 0.52 and a market capitalisation of Rs 11,184 crore. The stock trades at a P/E of 35.4, below the industry P/E of 36.9.
Roadmap: The company is widening its reach beyond two-wheelers, scaling aluminium parts and adding supply for electric vehicles. Safety content such as disc brakes is rising in new models, which helps revenue per vehicle.
What to watch: Follow two-wheeler industry volumes and progress in new aluminium programmes.
Why Fiem Industries Features Among These Brake, Lighting and Vehicle Safety Stocks
Among the bike parts maker shares on this list, Fiem Industries makes automotive lighting, signalling equipment and rear view mirrors, mainly for two-wheelers, with leading Japanese and Indian makers as customers.
The company has a return on equity of 21.0%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 4,790 crore. The stock trades at a P/E of 18.2, below the industry P/E of 36.9.
Revenue rose from Rs 1,575 crore in FY22 to Rs 2,836 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 95.3 crore in FY22 to Rs 256 crore in FY26, which works out to a compound annual growth rate of 28.0%. In the June 2026 quarter, revenue grew 17.4% year on year to Rs 780 crore, while net profit rose 12.9% to Rs 64.9 crore.
Roadmap: LED lighting is replacing older bulbs, which raises the value of each vehicle’s lighting set. Fiem is also adding capacity and customers, and the move to premium two-wheelers helps its mix.
What to watch: Follow two-wheeler production volumes and customer-specific launch schedules.
Why ZF Commercial Vehicle Control Systems India Features Among These Brake, Lighting and Vehicle Safety Stocks
Among the three companies on this list, ZF Commercial Vehicle Control Systems India, earlier known as WABCO India, makes braking, stability and control systems for commercial vehicles as part of the ZF Group.
Revenue rose from Rs 2,581 crore in FY22 to Rs 4,302 crore in FY26, a compound annual growth rate of 13.6%. Net profit grew from Rs 142 crore in FY22 to Rs 517 crore in FY26, which works out to a compound annual growth rate of 38.1%.
In the June 2026 quarter, revenue grew 5.7% year on year to Rs 1,102 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 24,345 crore. The stock trades at a P/E of 48.8, above the industry P/E of 36.9.
Roadmap: Safety rules that require advanced braking and stability systems increase content per truck and bus. The company also gains from its access to ZF’s global technology, which supports new product launches in India.
What to watch: Monitor commercial vehicle production and adoption of new safety systems.
ASK Automotive vs Fiem Industries vs ZF Commercial Vehicle Control Systems India on Key Financials
The table below sets the three brake, lighting and vehicle safety 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 |
|---|---|---|---|---|---|
| ASK Automotive | 2,024 | 4,196 | 20.0% | 297 | 7.1% |
| Fiem Industries | 1,575 | 2,836 | 15.8% | 256 | 9.0% |
| ZF Commercial Vehicle Control Systems India | 2,581 | 4,302 | 13.6% | 517 | 12.0% |
ASK Automotive posts the highest return on equity in this group at 22.7%. ZF Commercial Vehicle Control Systems India has the largest FY26 revenue at Rs 4,302 crore, and ASK Automotive shows the fastest revenue growth with a 20.0% compound annual rate. A useful habit with brake, lighting and vehicle safety 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 |
|---|---|---|---|
| ASK Automotive | 895 | 1,361 | 52.1% |
| Fiem Industries | 665 | 780 | 17.4% |
| ZF Commercial Vehicle Control Systems India | 1,042 | 1,102 | 5.7% |
Key Risks to Check Before Investing in Brake, Lighting and Vehicle Safety Stocks
Every theme carries risks that deserve a check before any decision. For these brake, lighting and vehicle safety stocks, the main points are: Long-term bike parts maker 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.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
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 brake, lighting and vehicle safety stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Brake, Lighting and Vehicle Safety Stocks
Brake, lighting and vehicle safety stocks reward investors who follow vehicle demand, safety rules and content per vehicle together. ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India each have clear room to grow. Based on the 22 October 2026 close, ASK Automotive trades at Rs 548.15, Fiem Industries at Rs 1,865.1 and ZF Commercial Vehicle Control Systems India at Rs 2,096.3. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these brake, lighting and vehicle safety 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 brake, lighting and vehicle safety stocks?
Ans. Brake, lighting and vehicle safety stocks are listed auto component companies that make braking systems, lamps and control systems. Their earnings depend on vehicle production, content per vehicle and safety rules. This list looks at three of them, ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.
Which brake, lighting and vehicle safety stocks are covered in this list?
Ans. This list covers ASK Automotive, Fiem Industries and ZF Commercial Vehicle Control Systems India. Based on the 22 October 2026 close, ASK Automotive traded at Rs 548.15, Fiem Industries at Rs 1,865.1 and ZF Commercial Vehicle Control Systems India at Rs 2,096.3. Their return on equity ranges from 14.0% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.6% to 20.0%.
Why do brake, lighting and vehicle safety stocks have a strong future roadmap in India?
Ans. Brake, lighting and vehicle safety stocks have a strong roadmap in India because safety rules, LED adoption and rising vehicle output lift the value of parts in every vehicle. The main drivers are as follows. Safety rules. Advanced braking and lighting become mandatory in more vehicles. LED adoption. LED lighting replaces older bulbs. Content per vehicle. Better-equipped models carry more parts. Together these factors give the companies on this list a visible path for growth over the coming years.
How has ASK Automotive performed financially?
Ans. Revenue rose from Rs 2,024 crore in FY22 to Rs 4,196 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 82.7 crore in FY22 to Rs 297 crore in FY26, which works out to a compound annual growth rate of 37.7%. In the June 2026 quarter, revenue grew 52.1% year on year to Rs 1,361 crore, while net profit rose 28.8% to Rs 85.1 crore. The company has a return on equity of 22.7%, a debt to equity ratio of 0.52 and a market capitalisation of Rs 11,184 crore. The stock trades at a P/E of 35.4, below the industry P/E of 36.9. Looking ahead, the company is widening its reach beyond two-wheelers, scaling aluminium parts and adding supply for electric vehicles. Safety content such as disc brakes is rising in new models, which helps revenue per vehicle.
How has Fiem Industries performed financially?
Ans. Revenue rose from Rs 1,575 crore in FY22 to Rs 2,836 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 95.3 crore in FY22 to Rs 256 crore in FY26, which works out to a compound annual growth rate of 28.0%. In the June 2026 quarter, revenue grew 17.4% year on year to Rs 780 crore, while net profit rose 12.9% to Rs 64.9 crore. The company has a return on equity of 21.0%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 4,790 crore. The stock trades at a P/E of 18.2, below the industry P/E of 36.9. Looking ahead, lED lighting is replacing older bulbs, which raises the value of each vehicle’s lighting set. Fiem is also adding capacity and customers, and the move to premium two-wheelers helps its mix.
How has ZF Commercial Vehicle Control Systems India performed financially?
Ans. Revenue rose from Rs 2,581 crore in FY22 to Rs 4,302 crore in FY26, a compound annual growth rate of 13.6%. Net profit grew from Rs 142 crore in FY22 to Rs 517 crore in FY26, which works out to a compound annual growth rate of 38.1%. In the June 2026 quarter, revenue grew 5.7% year on year to Rs 1,102 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 24,345 crore. The stock trades at a P/E of 48.8, above the industry P/E of 36.9. Looking ahead, safety rules that require advanced braking and stability systems increase content per truck and bus. The company also gains from its access to ZF’s global technology, which supports new product launches in India.
What risks should investors check before buying brake, lighting and vehicle safety stocks?
Ans. Investors should check a few risks before buying brake, lighting and vehicle safety stocks. Auto cycle. Vehicle demand can slow with interest rates or fuel prices. Commodity costs. Steel and aluminium prices influence margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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 brake, lighting and vehicle safety 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.
