3 Air Compressors Maker, Automotive Lighting Maker and Integrated Steel and Power Company Stocks With a Strong Future Roadmap: Elgi Equipments, Lumax Auto Technologies and Sarda Energy
- November 13, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Elgi Equipments, Lumax Auto Technologies and Sarda Energy: ROE of 15.0% to 23.0% and FY22 to FY26 revenue CAGR of 10.6% to 34.1%. Prices as of 12 Nov 2026.
Quick Answer
The three compressor, auto lighting and steel stocks to watch are Elgi Equipments, Lumax Auto Technologies and Sarda Energy. Their return on equity ranges from 15.0% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 34.1%. Lumax Auto Technologies leads on both return on equity at 23.0% and revenue growth at 34.1% a year. Prices are based on the 12 November 2026 close, and this article is educational, not investment advice.
Compressor, auto lighting and steel stocks give investors a way to track businesses that sit close to everyday demand in India. Elgi Equipments, Lumax Auto Technologies and Sarda Energy cover an air compressors maker, an automotive lighting maker and an integrated steel and power company.
This list covers three compressor, auto lighting and steel stocks with complete current figures: Elgi Equipments, Lumax Auto Technologies and Sarda Energy. Every figure comes from the latest reported financials and the 12 November 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Compressor, Auto Lighting and Steel Stocks?
Compressor, auto lighting and steel stocks are listed companies that build air compressors for factories and workshops, make lighting and electronic parts for vehicles, and produce steel, ferro alloys and power with mining operations. Their earnings depend on industrial spending, vehicle output and metal demand.
Compressor, Auto Lighting and Steel Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Elgi Equipments | 578.45 | 17,259 | 38.5 | 44.4 | 19.3 | 0.24 |
| Lumax Auto Technologies | 2,341.9 | 12,977 | 34.0 | 36.9 | 23.0 | 1.02 |
| Sarda Energy | 447.6 | 16,079 | 14.0 | 22.4 | 15.0 | 0.36 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing compressor, auto lighting and steel 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 compressor, auto lighting and steel stocks can use the coming numbers to test whether growth is holding.
Why Do Compressor, Auto Lighting and Steel Stocks Have a Strong Roadmap in India?
Compressor, auto lighting and steel stocks have a strong roadmap in India because growing factory investment, rising vehicle output and steady steel demand from construction keep widening the market for these companies.
- Air compressors. Factories need efficient compressed air.
- Automotive lighting. Vehicles use more advanced lighting.
- Steel and power. Construction and industry need steel.
Why Elgi Equipments Features Among These Compressor, Auto Lighting and Steel Stocks
Among the compressor, auto lighting and steel stocks on this list, Elgi Equipments, based in Coimbatore, is a major manufacturer of air compressors for industrial customers, selling in India and in international markets through its own subsidiaries.
In the June 2026 quarter, revenue grew 22.1% year on year to Rs 1,083 crore, while net profit rose 20.7% to Rs 103 crore. Revenue rose from Rs 2,580 crore in FY22 to Rs 4,068 crore in FY26, a compound annual growth rate of 12.1%.
Net profit grew from Rs 178 crore in FY22 to Rs 430 crore in FY26, which works out to a compound annual growth rate of 24.6%. The company has a return on equity of 19.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 17,259 crore. The stock trades at a P/E of 38.5, below the industry P/E of 44.4.
Roadmap: The company is growing its oil-free and energy-efficient compressor range and building a service-led annuity through spares and aftermarket support. International units add geographic spread, and automation in manufacturing improves efficiency.
What to watch: Follow industrial capital spending trends and the contribution of international subsidiaries.
Why Lumax Auto Technologies Features Among These Compressor, Auto Lighting and Steel Stocks
Among the air machine, headlamp and sponge iron shares on this list, Lumax Auto Technologies supplies gear shift systems, plastic components and electronics to two-wheeler and passenger vehicle makers, as part of the Lumax group.
The company has a return on equity of 23.0%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 12,977 crore. The stock trades at a P/E of 34.0, below the industry P/E of 36.9.
Revenue rose from Rs 1,521 crore in FY22 to Rs 4,917 crore in FY26, a compound annual growth rate of 34.1%. Net profit grew from Rs 81.9 crore in FY22 to Rs 337 crore in FY26, which works out to a compound annual growth rate of 42.5%. In the June 2026 quarter, revenue grew 32.9% year on year to Rs 1,379 crore, while net profit rose 82.7% to Rs 98.6 crore.
Roadmap: The company is widening its product range and customer base, including electric vehicle programmes and new categories through joint ventures and acquisitions. Content per vehicle is rising as vehicles add more electronics and plastics, which helps its revenue per unit.
What to watch: Follow integration of new businesses and the pace of electric vehicle orders.
Why Sarda Energy Features Among These Compressor, Auto Lighting and Steel Stocks
Among the three companies on this list, Sarda Energy and Minerals is a Raipur-based integrated company producing ferro alloys, sponge iron, steel billets and power, supported by its own mines.
Revenue rose from Rs 3,964 crore in FY22 to Rs 5,928 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 808 crore in FY22 to Rs 1,063 crore in FY26, which works out to a compound annual growth rate of 7.1%.
In the June 2026 quarter, revenue grew 0.2% year on year to Rs 1,717 crore, while net profit rose 9.4% to Rs 463 crore. The company has a return on equity of 15.0%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 16,079 crore. The stock trades at a P/E of 14.0, below the industry P/E of 22.4.
Roadmap: The company is growing capacity in steel and power while using captive mines to support its cost base. An integrated model lets it capture margin at several steps of production.
What to watch: Track capacity additions, captive mine output and power plant performance.
Elgi Equipments vs Lumax Auto Technologies vs Sarda Energy on Key Financials
The table below sets the three compressor, auto lighting and steel 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 |
|---|---|---|---|---|---|
| Elgi Equipments | 2,580 | 4,068 | 12.1% | 430 | 10.6% |
| Lumax Auto Technologies | 1,521 | 4,917 | 34.1% | 337 | 6.9% |
| Sarda Energy | 3,964 | 5,928 | 10.6% | 1,063 | 17.9% |
Lumax Auto Technologies posts the highest return on equity in this group at 23.0%. Sarda Energy has the largest FY26 revenue at Rs 5,928 crore, and Lumax Auto Technologies shows the fastest revenue growth with a 34.1% compound annual rate. A useful habit with compressor, auto lighting and steel 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 |
|---|---|---|---|
| Elgi Equipments | 886 | 1,083 | 22.1% |
| Lumax Auto Technologies | 1,037 | 1,379 | 32.9% |
| Sarda Energy | 1,713 | 1,717 | 0.2% |
Key Risks to Check Before Investing in Compressor, Auto Lighting and Steel Stocks
Every theme carries risks that deserve a check before any decision. For these compressor, auto lighting and steel stocks, the main points are: Long-term air machine, headlamp and sponge iron shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Capital spending cycles. Customer investment in plants and equipment can vary.
- Production cycles. Vehicle output can vary with demand.
- Raw material costs. Ingredient and packaging prices can move margins.
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 compressor, auto lighting and steel stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Compressor, Auto Lighting and Steel Stocks
Compressor, auto lighting and steel stocks work best when investors track growth, valuation and return on equity side by side. Elgi Equipments, Lumax Auto Technologies and Sarda Energy each have a clear plan to grow. Based on the 12 November 2026 close, Elgi Equipments trades at Rs 578.45, Lumax Auto Technologies at Rs 2,341.9 and Sarda Energy at Rs 447.6. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these compressor, auto lighting and steel stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track compressor, auto lighting and steel 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 compressor, auto lighting and steel stocks?
Ans. Compressor, auto lighting and steel stocks are listed companies that build air compressors for factories and workshops, make lighting and electronic parts for vehicles, and produce steel, ferro alloys and power with mining operations. Their earnings depend on industrial spending, vehicle output and metal demand. This list looks at three of them, Elgi Equipments, Lumax Auto Technologies and Sarda Energy, using reported FY22 to FY26 financials and the 12 November 2026 closing prices.
Which compressor, auto lighting and steel stocks are covered in this list?
Ans. This list covers Elgi Equipments, Lumax Auto Technologies and Sarda Energy. Based on the 12 November 2026 close, Elgi Equipments traded at Rs 578.45, Lumax Auto Technologies at Rs 2,341.9 and Sarda Energy at Rs 447.6. Their return on equity ranges from 15.0% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 34.1%.
Why do compressor, auto lighting and steel stocks have a strong future roadmap in India?
Ans. Compressor, auto lighting and steel stocks have a strong roadmap in India because growing factory investment, rising vehicle output and steady steel demand from construction keep widening the market for these companies. The main drivers are as follows. Air compressors. Factories need efficient compressed air. Automotive lighting. Vehicles use more advanced lighting. Steel and power. Construction and industry need steel. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Elgi Equipments performed financially?
Ans. Revenue rose from Rs 2,580 crore in FY22 to Rs 4,068 crore in FY26, a compound annual growth rate of 12.1%. Net profit grew from Rs 178 crore in FY22 to Rs 430 crore in FY26, which works out to a compound annual growth rate of 24.6%. In the June 2026 quarter, revenue grew 22.1% year on year to Rs 1,083 crore, while net profit rose 20.7% to Rs 103 crore. The company has a return on equity of 19.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 17,259 crore. The stock trades at a P/E of 38.5, below the industry P/E of 44.4. Looking ahead, the company is growing its oil-free and energy-efficient compressor range and building a service-led annuity through spares and aftermarket support. International units add geographic spread, and automation in manufacturing improves efficiency.
How has Lumax Auto Technologies performed financially?
Ans. Revenue rose from Rs 1,521 crore in FY22 to Rs 4,917 crore in FY26, a compound annual growth rate of 34.1%. Net profit grew from Rs 81.9 crore in FY22 to Rs 337 crore in FY26, which works out to a compound annual growth rate of 42.5%. In the June 2026 quarter, revenue grew 32.9% year on year to Rs 1,379 crore, while net profit rose 82.7% to Rs 98.6 crore. The company has a return on equity of 23.0%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 12,977 crore. The stock trades at a P/E of 34.0, below the industry P/E of 36.9. Looking ahead, the company is widening its product range and customer base, including electric vehicle programmes and new categories through joint ventures and acquisitions. Content per vehicle is rising as vehicles add more electronics and plastics, which helps its revenue per unit.
How has Sarda Energy performed financially?
Ans. Revenue rose from Rs 3,964 crore in FY22 to Rs 5,928 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 808 crore in FY22 to Rs 1,063 crore in FY26, which works out to a compound annual growth rate of 7.1%. In the June 2026 quarter, revenue grew 0.2% year on year to Rs 1,717 crore, while net profit rose 9.4% to Rs 463 crore. The company has a return on equity of 15.0%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 16,079 crore. The stock trades at a P/E of 14.0, below the industry P/E of 22.4. Looking ahead, the company is growing capacity in steel and power while using captive mines to support its cost base. An integrated model lets it capture margin at several steps of production.
What risks should investors check before buying compressor, auto lighting and steel stocks?
Ans. Investors should check a few risks before buying compressor, auto lighting and steel stocks. Capital spending cycles. Customer investment in plants and equipment can vary. Production cycles. Vehicle output can vary with demand. Raw material costs. Ingredient and packaging prices can move margins. 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 compressor, auto lighting and steel stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 12 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.
