3 Automotive Lighting Maker, Footwear Brand Company and Travel Distribution Platform Stocks With a Strong Future Roadmap: Varroc Engineering, Redtape and TBO Tek
- November 11, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Varroc Engineering, Redtape and TBO Tek: ROE of 14.3% to 23.6% and FY22 to FY26 revenue CAGR of 11.0% to 70.3%. Prices as of 10 Nov 2026.
Quick Answer
The three auto lighting, footwear and travel tech stocks to watch are Varroc Engineering, Redtape and TBO Tek. Their return on equity ranges from 14.3% to 23.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.0% to 70.3%. Redtape leads on both return on equity at 23.6% and revenue growth at 70.3% a year. Prices are based on the 10 November 2026 close, and this article is educational, not investment advice.
Auto lighting, footwear and travel tech stocks let investors follow companies that serve a growing part of the Indian economy. Varroc Engineering, Redtape and TBO Tek cover an automotive lighting maker, a footwear brand company and a travel distribution platform.
This list covers three auto lighting, footwear and travel tech stocks with complete current figures: Varroc Engineering, Redtape and TBO Tek. Every figure comes from the latest reported financials and the 10 November 2026 market close. Companies without complete current figures were left out.
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What Are Auto Lighting, Footwear and Travel Tech Stocks?
Auto lighting, footwear and travel tech stocks are listed companies that make lighting, polymer and electrical parts for vehicles, design and sell footwear under its own brand and through stores, and run a technology platform that connects travel suppliers with agents. Their earnings depend on vehicle output, consumer spending and travel bookings.
Auto Lighting, Footwear and Travel Tech Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Varroc Engineering | 805.85 | 12,256 | 61.2 | 36.9 | 14.3 | 0.52 |
| Redtape | 108.65 | 6,169 | 25.0 | 63.4 | 23.6 | 0.70 |
| TBO Tek | 1,546.9 | 17,527 | 66.2 | 121.2 | 15.8 | 0.49 |
On valuation, Redtape and TBO Tek trade at a P/E below the industry P/E, while Varroc Engineering trades above it, which reflects the growth the market already expects. Readers comparing auto lighting, footwear and travel tech stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Auto Lighting, Footwear and Travel Tech Stocks Have a Strong Roadmap in India?
Auto lighting, footwear and travel tech stocks have a strong roadmap in India because rising vehicle production, growing demand for branded footwear and fast growth in travel bookings keep widening the market for these companies.
- Auto lighting. New vehicles carry advanced lamp systems.
- Footwear. Shoppers upgrade to branded footwear.
- Travel platform. More trips are booked through technology.
Why Varroc Engineering Features Among These Auto Lighting, Footwear and Travel Tech Stocks
Among the auto lighting, footwear and travel tech stocks on this list, Varroc Engineering is a Maharashtra-based automotive component maker with a focus on exterior lighting systems, electrical and electronic parts and polymer products for two-wheeler, passenger car and commercial vehicle makers across the world.
Revenue rose from Rs 5,878 crore in FY22 to Rs 8,917 crore in FY26, a compound annual growth rate of 11.0%. Net profit for FY26 was Rs 230 crore, a net margin of 2.6%.
In the June 2026 quarter, revenue grew 29.9% year on year to Rs 2,640 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.52 and a market capitalisation of Rs 12,256 crore. The stock trades at a P/E of 61.2, above the industry P/E of 36.9.
Roadmap: The company is growing its lighting business with advanced LED products and increasing content per vehicle in India and overseas. Orders from vehicle makers, including electric vehicle programmes, give visibility on future volumes.
What to watch: Monitor order wins in lighting and the growth of content per vehicle.
Why Redtape Features Among These Auto Lighting, Footwear and Travel Tech Stocks
Among the vehicle lamp, shoe brand and booking portal shares on this list, Redtape, an Indian footwear and accessories brand, sells casual, formal and sports footwear through exclusive stores, multi-brand outlets and online channels.
In the June 2026 quarter, revenue grew 4.8% year on year to Rs 496 crore, while net profit rose 15.2% to Rs 44.5 crore. Revenue rose from Rs 303 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%.
Net profit grew from Rs 29.0 crore in FY22 to Rs 241 crore in FY26, which works out to a compound annual growth rate of 69.6%. The company has a return on equity of 23.6%, a debt to equity ratio of 0.70 and a market capitalisation of Rs 6,169 crore. The stock trades at a P/E of 25.0, below the industry P/E of 63.4.
Roadmap: Growth is driven by store expansion, higher online sales and a broader product range, including apparel and accessories. A shift towards branded footwear in smaller cities widens its customer base.
What to watch: Follow same-store sales and the pace of new store openings.
Why TBO Tek Features Among These Auto Lighting, Footwear and Travel Tech Stocks
Among the three companies on this list, TBO Tek runs a global business-to-business travel platform that connects suppliers such as hotels, airlines and activity providers with travel agents and corporate buyers across more than 100 countries.
The company has a return on equity of 15.8%, a debt to equity ratio of 0.49 and a market capitalisation of Rs 17,527 crore. The stock trades at a P/E of 66.2, below the industry P/E of 121.2.
Revenue rose from Rs 512 crore in FY22 to Rs 2,729 crore in FY26, a compound annual growth rate of 51.9%. Net profit grew from Rs 33.7 crore in FY22 to Rs 244 crore in FY26, which works out to a compound annual growth rate of 64.1%.
Roadmap: The company benefits from the move of travel booking to digital platforms and from rising outbound and inbound travel demand. Its network of suppliers and buyers makes the platform more useful as more partners join.
What to watch: Monitor transaction volumes on the platform and the growth of its hotel and international markets.
Varroc Engineering vs Redtape vs TBO Tek on Key Financials
The table below sets the three auto lighting, footwear and travel tech 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 |
|---|---|---|---|---|---|
| Varroc Engineering | 5,878 | 8,917 | 11.0% | 230 | 2.6% |
| Redtape | 303 | 2,552 | 70.3% | 241 | 9.4% |
| TBO Tek | 512 | 2,729 | 51.9% | 244 | 9.0% |
Redtape posts the highest return on equity in this group at 23.6%. Varroc Engineering has the largest FY26 revenue at Rs 8,917 crore, and Redtape shows the fastest revenue growth with a 70.3% compound annual rate. A useful habit with auto lighting, footwear and travel tech stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Auto Lighting, Footwear and Travel Tech Stocks
Every theme carries risks that deserve a check before any decision. For these auto lighting, footwear and travel tech stocks, the main points are: Long-term vehicle lamp, shoe brand and booking portal 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.
- Footfall and spending. Store sales follow consumer mood and seasons.
- Travel cycles. Bookings and occupancy follow travel demand.
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 auto lighting, footwear and travel tech stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Auto Lighting, Footwear and Travel Tech Stocks
Auto lighting, footwear and travel tech stocks reward investors who follow demand trends, order books and margins together. Varroc Engineering, Redtape and TBO Tek each have a clear plan to grow. Based on the 10 November 2026 close, Varroc Engineering trades at Rs 805.85, Redtape at Rs 108.65 and TBO Tek at Rs 1,546.9.
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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 auto lighting, footwear and travel tech stocks?
Ans. Auto lighting, footwear and travel tech stocks are listed companies that make lighting, polymer and electrical parts for vehicles, design and sell footwear under its own brand and through stores, and run a technology platform that connects travel suppliers with agents. Their earnings depend on vehicle output, consumer spending and travel bookings. This list looks at three of them, Varroc Engineering, Redtape and TBO Tek, using reported FY22 to FY26 financials and the 10 November 2026 closing prices.
Which auto lighting, footwear and travel tech stocks are covered in this list?
Ans. This list covers Varroc Engineering, Redtape and TBO Tek. Based on the 10 November 2026 close, Varroc Engineering traded at Rs 805.85, Redtape at Rs 108.65 and TBO Tek at Rs 1,546.9. Their return on equity ranges from 14.3% to 23.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.0% to 70.3%.
Why do auto lighting, footwear and travel tech stocks have a strong future roadmap in India?
Ans. Auto lighting, footwear and travel tech stocks have a strong roadmap in India because rising vehicle production, growing demand for branded footwear and fast growth in travel bookings keep widening the market for these companies. The main drivers are as follows. Auto lighting. New vehicles carry advanced lamp systems. Footwear. Shoppers upgrade to branded footwear. Travel platform. More trips are booked through technology. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Varroc Engineering performed financially?
Ans. Revenue rose from Rs 5,878 crore in FY22 to Rs 8,917 crore in FY26, a compound annual growth rate of 11.0%. Net profit for FY26 was Rs 230 crore, a net margin of 2.6%. In the June 2026 quarter, revenue grew 29.9% year on year to Rs 2,640 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.52 and a market capitalisation of Rs 12,256 crore. The stock trades at a P/E of 61.2, above the industry P/E of 36.9. Looking ahead, the company is growing its lighting business with advanced LED products and increasing content per vehicle in India and overseas. Orders from vehicle makers, including electric vehicle programmes, give visibility on future volumes.
How has Redtape performed financially?
Ans. Revenue rose from Rs 303 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%. Net profit grew from Rs 29.0 crore in FY22 to Rs 241 crore in FY26, which works out to a compound annual growth rate of 69.6%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 496 crore, while net profit rose 15.2% to Rs 44.5 crore. The company has a return on equity of 23.6%, a debt to equity ratio of 0.70 and a market capitalisation of Rs 6,169 crore. The stock trades at a P/E of 25.0, below the industry P/E of 63.4. Looking ahead, growth is driven by store expansion, higher online sales and a broader product range, including apparel and accessories. A shift towards branded footwear in smaller cities widens its customer base.
How has TBO Tek performed financially?
Ans. Revenue rose from Rs 512 crore in FY22 to Rs 2,729 crore in FY26, a compound annual growth rate of 51.9%. Net profit grew from Rs 33.7 crore in FY22 to Rs 244 crore in FY26, which works out to a compound annual growth rate of 64.1%. The company has a return on equity of 15.8%, a debt to equity ratio of 0.49 and a market capitalisation of Rs 17,527 crore. The stock trades at a P/E of 66.2, below the industry P/E of 121.2. Looking ahead, the company benefits from the move of travel booking to digital platforms and from rising outbound and inbound travel demand. Its network of suppliers and buyers makes the platform more useful as more partners join.
What risks should investors check before buying auto lighting, footwear and travel tech stocks?
Ans. Investors should check a few risks before buying auto lighting, footwear and travel tech stocks. Production cycles. Vehicle output can vary with demand. Footfall and spending. Store sales follow consumer mood and seasons. Travel cycles. Bookings and occupancy follow travel demand. 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 auto lighting, footwear and travel tech stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 10 November 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.
