3 Control Cables and Lighting Products, Switches and Lighting Supplier and Locks and Mirrors Specialist Stocks With a Strong Future Roadmap: Suprajit Engineering, UNO Minda and Sandhar Technologies
- October 23, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Suprajit Engineering, UNO Minda and Sandhar Technologies: ROE of 12.7% to 17.5% and FY22 to FY26 revenue CAGR of 20.4% to 23.8%. Prices as of 22 Oct 2026.
Quick Answer
The three vehicle cable, switch and safety system stocks to watch are Suprajit Engineering, UNO Minda and Sandhar Technologies. Their return on equity ranges from 12.7% to 17.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.4% to 23.8%. UNO Minda leads on both return on equity at 17.5% and revenue growth at 23.8% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.
Vehicle cable, switch and safety system stocks let investors follow auto suppliers that supply control, comfort and safety features. Suprajit Engineering, UNO Minda and Sandhar Technologies cover control cables and lighting products, a switches and lighting supplier and a locks and mirrors specialist.
This list covers three vehicle cable, switch and safety system stocks with complete current figures: Suprajit Engineering, UNO Minda and Sandhar Technologies. 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 Vehicle Cable, Switch and Safety System Stocks?
Vehicle cable, switch and safety system stocks are listed auto component companies that make control cables, switches, lamps, locks and mirrors. Their earnings depend on vehicle output, content per vehicle and electric vehicle programmes.
Vehicle Cable, Switch and Safety System Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Suprajit Engineering | 458.15 | 6,286 | 33.6 | 36.1 | 12.7 | 0.69 |
| UNO Minda | 1,068.1 | 61,685 | 47.8 | 36.1 | 17.5 | 0.40 |
| Sandhar Technologies | 476.15 | 3,135 | 15.1 | 36.9 | 14.9 | 0.86 |
On valuation, Suprajit Engineering and Sandhar Technologies trade at a P/E below the industry P/E, while UNO Minda trades above it, which reflects the growth the market already expects. Readers comparing vehicle cable, switch and safety system 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 vehicle cable, switch and safety system stocks can use the coming numbers to test whether growth is holding.
Why Do Vehicle Cable, Switch and Safety System Stocks Have a Strong Roadmap in India?
Vehicle cable, switch and safety system stocks have a strong roadmap in India because buyers expect more features in every vehicle and electric vehicles need new electronic and mechatronic parts.
- More features. Switches, electronics and lighting are now standard in more vehicles.
- Electric vehicle parts. New programmes need electronics and mechatronics.
- Wide customer base. Supplying many vehicle makers spreads demand.
Why Suprajit Engineering Features Among These Vehicle Cable, Switch and Safety System Stocks
Among the vehicle cable, switch and safety system stocks on this list, Suprajit Engineering is a Bengaluru-based maker of automotive cables and control systems, lighting products and other components for two-wheelers, cars and commercial vehicles, with a presence in many countries.
Revenue rose from Rs 1,877 crore in FY22 to Rs 3,941 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 152 crore in FY23 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 6.3%.
In the June 2026 quarter, revenue grew 19.1% year on year to Rs 1,074 crore, while net profit rose 8.6% to Rs 52.2 crore. The company has a return on equity of 12.7%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 6,286 crore. The stock trades at a P/E of 33.6, below the industry P/E of 36.1.
Roadmap: The company is widening its mix through lighting, electronics and aftermarket products while keeping its strong cable franchise. A global footprint supports orders from international vehicle makers.
What to watch: Follow growth in new product lines, export programmes and margin trends.
Why UNO Minda Features Among These Vehicle Cable, Switch and Safety System Stocks
Among the control cable maker shares on this list, UNO Minda is a Gurugram-based global automotive supplier of switches, lighting, sensors, alloy wheels, controllers and acoustic products for two-wheelers, passenger vehicles and commercial vehicles.
In the June 2026 quarter, revenue grew 23.6% year on year to Rs 5,563 crore, while net profit rose 2.1% to Rs 316 crore. Revenue rose from Rs 8,376 crore in FY22 to Rs 19,692 crore in FY26, a compound annual growth rate of 23.8%.
Net profit grew from Rs 347 crore in FY22 to Rs 1,284 crore in FY26, which works out to a compound annual growth rate of 38.6%. The company has a return on equity of 17.5%, a debt to equity ratio of 0.40 and a market capitalisation of Rs 61,685 crore. The stock trades at a P/E of 47.8, above the industry P/E of 36.1.
Roadmap: The company is growing in electronics, electric vehicle components and premium products, which carry higher value per vehicle. Acquisitions and joint ventures have widened its technology base.
What to watch: Track electric vehicle component orders, new product launches and international growth.
Why Sandhar Technologies Features Among These Vehicle Cable, Switch and Safety System 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.
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.
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.
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.
Suprajit Engineering vs UNO Minda vs Sandhar Technologies on Key Financials
The table below sets the three vehicle cable, switch and safety system 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 |
|---|---|---|---|---|---|
| Suprajit Engineering | 1,877 | 3,941 | 20.4% | 183 | 4.6% |
| UNO Minda | 8,376 | 19,692 | 23.8% | 1,284 | 6.5% |
| Sandhar Technologies | 2,331 | 4,927 | 20.6% | 199 | 4.0% |
UNO Minda posts the highest return on equity in this group at 17.5%. UNO Minda combines the largest FY26 revenue at Rs 19,692 crore with the fastest revenue growth, a 23.8% compound annual rate. A useful habit with vehicle cable, switch and safety system 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 |
|---|---|---|---|
| Suprajit Engineering | 902 | 1,074 | 19.1% |
| UNO Minda | 4,501 | 5,563 | 23.6% |
| Sandhar Technologies | 1,110 | 1,394 | 25.6% |
Key Risks to Check Before Investing in Vehicle Cable, Switch and Safety System Stocks
Every theme carries risks that deserve a check before any decision. For these vehicle cable, switch and safety system stocks, the main points are: Long-term control cable 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. Metal and polymer 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 vehicle cable, switch and safety system stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Vehicle Cable, Switch and Safety System Stocks
Vehicle cable, switch and safety system stocks reward investors who follow vehicle demand, content per vehicle and electric vehicle orders together. Suprajit Engineering, UNO Minda and Sandhar Technologies each have a clear plan to expand. Based on the 22 October 2026 close, Suprajit Engineering trades at Rs 458.15, UNO Minda at Rs 1,068.1 and Sandhar Technologies at Rs 476.15. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these vehicle cable, switch and safety system 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 vehicle cable, switch and safety system stocks?
Ans. Vehicle cable, switch and safety system stocks are listed auto component companies that make control cables, switches, lamps, locks and mirrors. Their earnings depend on vehicle output, content per vehicle and electric vehicle programmes. This list looks at three of them, Suprajit Engineering, UNO Minda and Sandhar Technologies, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.
Which vehicle cable, switch and safety system stocks are covered in this list?
Ans. This list covers Suprajit Engineering, UNO Minda and Sandhar Technologies. Based on the 22 October 2026 close, Suprajit Engineering traded at Rs 458.15, UNO Minda at Rs 1,068.1 and Sandhar Technologies at Rs 476.15. Their return on equity ranges from 12.7% to 17.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 20.4% to 23.8%.
Why do vehicle cable, switch and safety system stocks have a strong future roadmap in India?
Ans. Vehicle cable, switch and safety system stocks have a strong roadmap in India because buyers expect more features in every vehicle and electric vehicles need new electronic and mechatronic parts. The main drivers are as follows. More features. Switches, electronics and lighting are now standard in more vehicles. Electric vehicle parts. New programmes need electronics and mechatronics. Wide customer base. Supplying many vehicle makers spreads demand. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Suprajit Engineering performed financially?
Ans. Revenue rose from Rs 1,877 crore in FY22 to Rs 3,941 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 152 crore in FY23 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 6.3%. In the June 2026 quarter, revenue grew 19.1% year on year to Rs 1,074 crore, while net profit rose 8.6% to Rs 52.2 crore. The company has a return on equity of 12.7%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 6,286 crore. The stock trades at a P/E of 33.6, below the industry P/E of 36.1. Looking ahead, the company is widening its mix through lighting, electronics and aftermarket products while keeping its strong cable franchise. A global footprint supports orders from international vehicle makers.
How has UNO Minda performed financially?
Ans. Revenue rose from Rs 8,376 crore in FY22 to Rs 19,692 crore in FY26, a compound annual growth rate of 23.8%. Net profit grew from Rs 347 crore in FY22 to Rs 1,284 crore in FY26, which works out to a compound annual growth rate of 38.6%. In the June 2026 quarter, revenue grew 23.6% year on year to Rs 5,563 crore, while net profit rose 2.1% to Rs 316 crore. The company has a return on equity of 17.5%, a debt to equity ratio of 0.40 and a market capitalisation of Rs 61,685 crore. The stock trades at a P/E of 47.8, above the industry P/E of 36.1. Looking ahead, the company is growing in electronics, electric vehicle components and premium products, which carry higher value per vehicle. Acquisitions and joint ventures have widened its technology base.
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 vehicle cable, switch and safety system stocks?
Ans. Investors should check a few risks before buying vehicle cable, switch and safety system stocks. Auto cycle. Vehicle demand can slow with interest rates or fuel prices. Commodity costs. Metal and polymer 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 vehicle cable, switch and safety system 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.
