3 Brake Systems Maker, Forgings and Axles Maker and Global Automotive Switches and Lighting Supplier Stocks With a Strong Future Roadmap: ASK Automotive, Bharat Forge and UNO Minda
- November 2, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
ASK Automotive, Bharat Forge and UNO Minda: ROE of 11.3% to 22.7% and FY22 to FY26 revenue CAGR of 12.4% to 23.8%. Prices as of 30 Oct 2026.
Quick Answer
The three brake, forging and auto switch stocks to watch are ASK Automotive, Bharat Forge and UNO Minda. Their return on equity ranges from 11.3% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.4% to 23.8%. ASK Automotive has the highest return on equity at 22.7%, while UNO Minda has the fastest revenue growth at 23.8% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Brake, forging and auto switch stocks give investors a way to track businesses that sit close to everyday demand in India. ASK Automotive, Bharat Forge and UNO Minda cover a brake systems maker, a forgings and axles maker and a global automotive switches and lighting supplier.
This list covers three brake, forging and auto switch stocks with complete current figures: ASK Automotive, Bharat Forge and UNO Minda. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Brake, Forging and Auto Switch Stocks?
Brake, forging and auto switch stocks are listed companies that make brake pads, wheel assemblies and light weight aluminium parts, produce forged axles and chassis parts with a growing defence business, and supply switches, lighting, sensors and alloy wheels to vehicle makers. Their earnings depend on vehicle output, new launches and input costs.
Brake, Forging and Auto Switch Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| ASK Automotive | 566.3 | 11,184 | 35.4 | 36.9 | 22.7 | 0.52 |
| Bharat Forge | 1,720 | 87,540 | 122.4 | 50.7 | 11.3 | 0.76 |
| UNO Minda | 1,082.5 | 61,685 | 47.8 | 36.1 | 17.5 | 0.40 |
On valuation, ASK Automotive trades at a P/E below the industry P/E, while Bharat Forge and UNO Minda trade above it, which reflects the growth the market already expects. Readers comparing brake, forging and auto switch 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, forging and auto switch stocks can use the coming numbers to test whether growth is holding.
Why Do Brake, Forging and Auto Switch Stocks Have a Strong Roadmap in India?
Brake, forging and auto switch stocks have a strong roadmap in India because rising vehicle production, more content per vehicle and steady replacement demand keep widening the market for these vehicle component makers.
- Vehicle output. Steady volumes support supplier orders.
- Forged parts. Heavy components need precision forging.
- More content. Modern vehicles add lights and sensors.
Why ASK Automotive Features Among These Brake, Forging and Auto Switch Stocks
Among the brake, forging and auto switch 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.
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.
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 Bharat Forge Features Among These Brake, Forging and Auto Switch Stocks
Among the vehicle parts supply shares on this list, Bharat Forge is a Pune-based maker of forgings, axles and chassis components for automotive and industrial customers, and it has a growing defence and aerospace business that includes artillery systems and components.
In the June 2026 quarter, revenue grew 18.7% year on year to Rs 4,697 crore. Revenue rose from Rs 10,657 crore in FY22 to Rs 17,010 crore in FY26, a compound annual growth rate of 12.4%.
Net profit grew from Rs 508 crore in FY23 to Rs 1,089 crore in FY26, which works out to a compound annual growth rate of 28.9%. The company has a return on equity of 11.3%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 87,540 crore. The stock trades at a P/E of 122.4, above the industry P/E of 50.7.
Roadmap: The company is widening its mix beyond automotive into defence, aerospace and industrial products, where programmes run for many years. Its forging expertise and global customer base support a range of applications.
What to watch: Check order inflow in defence and aerospace and the share of non-automotive sales.
Why UNO Minda Features Among These Brake, Forging and Auto Switch Stocks
Among the three companies 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.
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.
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.
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.
ASK Automotive vs Bharat Forge vs UNO Minda on Key Financials
The table below sets the three brake, forging and auto switch 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% |
| Bharat Forge | 10,657 | 17,010 | 12.4% | 1,089 | 6.4% |
| UNO Minda | 8,376 | 19,692 | 23.8% | 1,284 | 6.5% |
ASK Automotive posts the highest return on equity in this group at 22.7%. 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 brake, forging and auto switch 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% |
| Bharat Forge | 3,958 | 4,697 | 18.7% |
| UNO Minda | 4,501 | 5,563 | 23.6% |
Key Risks to Check Before Investing in Brake, Forging and Auto Switch Stocks
Every theme carries risks that deserve a check before any decision. For these brake, forging and auto switch stocks, the main points are: Long-term vehicle parts supply shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Production cycles. Vehicle output can vary with demand.
- Input costs. Metal and material prices can move 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, forging and auto switch stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Brake, Forging and Auto Switch Stocks
Brake, forging and auto switch stocks work best when investors track growth, valuation and return on equity side by side. ASK Automotive, Bharat Forge and UNO Minda each have a clear plan to grow. Based on the 30 October 2026 close, ASK Automotive trades at Rs 566.3, Bharat Forge at Rs 1,720 and UNO Minda at Rs 1,082.5. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these brake, forging and auto switch stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track brake, forging and auto switch stocks, set price alerts and get research-backed stock ideas.
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, forging and auto switch stocks?
Ans. Brake, forging and auto switch stocks are listed companies that make brake pads, wheel assemblies and light weight aluminium parts, produce forged axles and chassis parts with a growing defence business, and supply switches, lighting, sensors and alloy wheels to vehicle makers. Their earnings depend on vehicle output, new launches and input costs. This list looks at three of them, ASK Automotive, Bharat Forge and UNO Minda, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which brake, forging and auto switch stocks are covered in this list?
Ans. This list covers ASK Automotive, Bharat Forge and UNO Minda. Based on the 30 October 2026 close, ASK Automotive traded at Rs 566.3, Bharat Forge at Rs 1,720 and UNO Minda at Rs 1,082.5. Their return on equity ranges from 11.3% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 12.4% to 23.8%.
Why do brake, forging and auto switch stocks have a strong future roadmap in India?
Ans. Brake, forging and auto switch stocks have a strong roadmap in India because rising vehicle production, more content per vehicle and steady replacement demand keep widening the market for these vehicle component makers. The main drivers are as follows. Vehicle output. Steady volumes support supplier orders. Forged parts. Heavy components need precision forging. More content. Modern vehicles add lights and sensors. 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 Bharat Forge performed financially?
Ans. Revenue rose from Rs 10,657 crore in FY22 to Rs 17,010 crore in FY26, a compound annual growth rate of 12.4%. Net profit grew from Rs 508 crore in FY23 to Rs 1,089 crore in FY26, which works out to a compound annual growth rate of 28.9%. In the June 2026 quarter, revenue grew 18.7% year on year to Rs 4,697 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 87,540 crore. The stock trades at a P/E of 122.4, above the industry P/E of 50.7. Looking ahead, the company is widening its mix beyond automotive into defence, aerospace and industrial products, where programmes run for many years. Its forging expertise and global customer base support a range of applications.
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.
What risks should investors check before buying brake, forging and auto switch stocks?
Ans. Investors should check a few risks before buying brake, forging and auto switch stocks. Production cycles. Vehicle output can vary with demand. Input costs. Metal and material prices can move 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, forging and auto switch stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 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.
