4 Smallcap Auto Stocks to Watch for Future Multibagger Potential: Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Craftsman Automation Rs 10,726. Sundram Fasteners Rs 1,048.80. Force Motors Rs 16,588. JBM Auto Rs 485.10. Market caps from Rs 11,499 crore to Rs 28,045 crore. Data as of 26 Oct 2026.
Quick Answer
Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto are the 4 picks in this auto stocks watchlist, with market caps between Rs 11,499 crore and Rs 28,045 crore. Craftsman Automation stands out for the fastest profit growth, 23.87% a year since FY22, while Sundram Fasteners offers 6.43% revenue growth in FY26. PE ratios run from 18.27 to 60.32, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Auto stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto meet that test, with market caps from Rs 11,499 crore to Rs 28,045 crore and Craftsman Automation offering the fastest profit growth, 23.87% a year since FY22. Each of these companies has a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening auto stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Auto Stocks and Why Do They Attract Multibagger Interest?
Auto stocks are shares of smaller companies that make vehicles or the parts that go into them, and their earnings rise with vehicle sales, festive demand and exports. The four here cover engine and casting components, fasteners, utility vehicles and bus bodies.
Vehicle makers and parts suppliers share the same demand cycle, so growing profit across both is a good sign for the whole chain. For auto stocks, both FY26 and the latest quarter showed growth. For auto stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of auto stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for auto stocks before you decide.
Auto Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. Force Motors combines the lowest PE of the group, 18.27, with the highest return on equity, 25.19%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Craftsman Automation | 10,726 | 28,045 | 60.32 | 37.22 | 11.76% | 1.11 | 6,324.00 to 11,999.00 |
| Sundram Fasteners | 1,048.80 | 23,702 | 38.63 | 37.22 | 13.83% | 0.15 | 730.10 to 1,347.20 |
| Force Motors | 16,588 | 22,878 | 18.27 | 23.62 | 25.19% | 0.00 | 15,982.00 to 26,450.00 |
| JBM Auto | 485.10 | 11,499 | 47.25 | 37.22 | 14.22% | 1.97 | 477.00 to 738.50 |
Craftsman Automation: 23.87% Profit CAGR Since FY22
Craftsman Automation makes powertrain and engineering components, aluminium products and industrial machines. It reported FY26 revenue of Rs 8,130.63 crore, up 42.25% year on year, and net profit of Rs 383.99 crore, up 91.16%. Net profit has compounded at 23.87% a year since FY22, while revenue has grown 38.27% a year. Operating margin was 15.95% in FY26.
In the June 2026 quarter, revenue rose 37.21% to Rs 2,454.66 crore and net profit grew 116.31% to Rs 150.55 crore. The share price has gained 332.22% over five years and 70.31% over the past year. Domestic institutions raised their holding from 22.67% in June 2025 to 32.90% in June 2026. The stock trades at a PE of 60.32 against an industry PE of 37.22.
Sundram Fasteners: Profit Compounding at 6.44% a Year
Sundram Fasteners makes high-tensile fasteners, powertrain parts and cold-extruded components for automotive and industrial customers. It reported FY26 revenue of Rs 6,368.25 crore, up 6.43% year on year, and net profit of Rs 592.85 crore, up 9.43%. Net profit has compounded at 6.44% a year since FY22, while revenue has grown 6.55% a year. Operating margin was 16.89% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
The stock trades at a PE of 38.63 against an industry PE of 37.22, with a return on equity of 13.83%. In the June 2026 quarter, revenue rose 19.43% to Rs 1,854.98 crore and net profit grew 14.03% to Rs 168.69 crore. The share price is up 16.58% over the past year. Foreign investors raised their holding from 10.55% in September 2025 to 11.03% in September 2026.
Force Motors: Return on Equity of 25.19%
Force Motors makes commercial vehicles such as the Traveller and Gurkha and supplies engines and axles to other automakers. It reported FY26 revenue of Rs 9,167.51 crore, up 12.79% year on year, and net profit of Rs 1,211.75 crore, up 51.31%. Revenue has compounded at 29.18% a year since FY22. Operating margin was 17.59% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 6.71% to Rs 2,478.11 crore and net profit grew 22.81% to Rs 216.59 crore. The share price has gained 1046.45% over five years. Promoters hold 61.63%, which keeps ownership stable. The stock trades at a PE of 18.27 against an industry PE of 23.62, below the sector average, with a return on equity of 25.19%.
JBM Auto: Five-Year Gain of 335.51%
JBM Auto makes sheet metal components and tools for vehicle makers and builds electric buses and city transport solutions. It reported FY26 revenue of Rs 6,227.30 crore, up 12.69% year on year, and net profit of Rs 238.07 crore, up 10.92%. Net profit has compounded at 11.08% a year since FY22, while revenue has grown 17.98% a year. Operating margin was 13.18% in FY26.
The stock trades at a PE of 47.25 against an industry PE of 37.22, with a return on equity of 14.22%. In the June 2026 quarter, revenue rose 13.90% to Rs 1,473.94 crore and net profit grew 13.37% to Rs 44.26 crore. The share price has gained 335.51% over five years. Promoters hold 67.53%, which keeps ownership stable.
Auto Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these auto stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Craftsman Automation | 8,130.63 | 383.99 | 42.25% | 38.27% | 37.21% | 16.76% |
| Sundram Fasteners | 6,368.25 | 592.85 | 6.43% | 6.55% | 19.43% | 15.99% |
| Force Motors | 9,167.51 | 1,211.75 | 12.79% | 29.18% | 6.71% | 15.19% |
| JBM Auto | 6,227.30 | 238.07 | 12.69% | 17.98% | 13.90% | 12.96% |
Check the Univest Screener for live data on these auto stocks
Institutional Holding in Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto
Institutional holding shows who is backing these auto stocks alongside the promoter. The table uses the latest reported quarter for each. Craftsman Automation has the deepest institutional backing, with FII and DII together holding 50.18% as of June 2026. Domestic institutions increased their holding over the past year in Craftsman Automation (from 22.67% to 32.90%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Craftsman Automation | 42.41% | 17.28% | 32.90% | 7.41% | June 2026 |
| Sundram Fasteners | 46.95% | 11.03% | 22.61% | 19.42% | September 2026 |
| Force Motors | 61.63% | 9.52% | 1.46% | 27.39% | June 2026 |
| JBM Auto | 67.53% | 1.93% | 0.13% | 30.41% | September 2026 |
Risks to Weigh in Auto Stocks
Being careful with auto stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: Craftsman Automation trades at a PE of 60.32 against an industry PE of 37.22, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Auto Stocks
Picking from auto stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (23.62 to 37.22) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among auto stocks, Craftsman Automation stands out for the fastest profit growth, 23.87% a year since FY22, Sundram Fasteners for 6.43% revenue growth in FY26, Force Motors for the highest return on equity at 25.19% and JBM Auto for 12.69% revenue growth in FY26. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing auto stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
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).
Frequently Asked Questions on Auto Stocks to Watch
Which are the best auto stocks to watch for multibagger potential?
Ans. Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto are the 4 names this list highlights, with market caps of Rs 28,045 crore, Rs 23,702 crore, Rs 22,878 crore and Rs 11,499 crore respectively. Craftsman Automation is notable for the fastest profit growth, 23.87% a year since FY22. Sundram Fasteners stands out for 6.43% revenue growth in FY26. Force Motors offers the highest return on equity at 25.19%. JBM Auto brings 12.69% revenue growth in FY26. These are watchlist names for auto stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Force Motors a good stock for long-term investors?
Ans. Force Motors has a return on equity of 25.19%, a PE of 18.27 against an industry PE of 23.62 and a market cap of Rs 22,878 crore. FY26 revenue rose 12.79%, and June 2026 quarter net profit grew 22.81%. Long-term returns in auto stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Craftsman Automation become a multibagger from here?
Ans. Craftsman Automation has already gained 332.22% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in auto stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 23.87% a year since FY22, and FY26 revenue rose 42.25%. At a PE of 60.32 against an industry PE of 37.22, valuation should be checked against that growth before investing.
What is the market cap of Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto?
Ans. As of 26 October 2026, Craftsman Automation has a market cap of Rs 28,045 crore, Sundram Fasteners has a market cap of Rs 23,702 crore, Force Motors has a market cap of Rs 22,878 crore and JBM Auto has a market cap of Rs 11,499 crore. All of them qualify as smallcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on auto stocks.
What are the risks of investing in auto stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Craftsman Automation trades at a PE of 60.32 against an industry PE of 37.22, so earnings growth needs to hold up.
Why is Craftsman Automation trading at a PE of 60.32?
Ans. Craftsman Automation’s PE of 60.32 compares with an industry PE of 37.22. The market is paying a premium for profit growth of 23.87% a year since FY22, latest-quarter profit growth of 116.31% and FY26 revenue growth of 42.25%, which also means the stock is more sensitive if growth slows. Investors in auto stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Craftsman Automation, Sundram Fasteners, Force Motors and JBM Auto?
Ans. As of the latest reported quarter, FII and DII together hold 50.18% of Craftsman Automation (17.28% and 32.90%), 33.64% of Sundram Fasteners (11.03% and 22.61%), 10.98% of Force Motors (9.52% and 1.46%) and 2.06% of JBM Auto (1.93% and 0.13%). Rising institutional holding is a useful signal in auto stocks, though it should be read with earnings trends rather than on its own.
