Castings and Forgings Stocks to Buy in November 2026: 5 Names on the Watchlist
- October 29, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Happy Forgings Rs 1,804. Craftsman Rs 10,636. PTC Industries Rs 24,340. Sundram Rs 1,036. Sona BLW Rs 870.40. NSE prices, 29 Oct 2026.
Quick Answer
Five castings and forgings stocks to buy on the November 2026 watchlist are Happy Forgings, Craftsman Automation, PTC Industries, Sundram Fasteners and Sona BLW Precision Forgings. All five grew revenue in their latest full year, and all five also grew net profit. Sundram Fasteners has the lowest P/E at 36.92, while Happy Forgings leads on return on equity at 14.17%. Check each valuation against your own risk appetite before acting.
The castings and forgings stocks to buy in November 2026 start with five listed names: Happy Forgings, Craftsman Automation, PTC Industries, Sundram Fasteners and Sona BLW Precision Forgings. Castings, forgings and fasteners companies make precision metal parts for vehicles, aerospace, wind energy and industrial customers.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these castings and forgings stocks to buy to a portfolio. All prices are NSE quotes from 29 October 2026, and financials come from company filings.
Click Here – Get Free Investment Predictions
Which Are the Best Castings and Forgings Stocks to Buy in November 2026?
The best castings and forgings stocks to buy in November 2026 for a watchlist are Happy Forgings, Craftsman Automation, PTC Industries, Sundram Fasteners and Sona BLW Precision Forgings. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Happy Forgings | 1,804 | Rs 16,943 crore | 51.75 | 14.17% | 0.22% |
| Craftsman Automation | 10,636 | Rs 28,798 crore | 54.62 | 11.76% | 0.09% |
| PTC Industries | 24,340 | Rs 37,967 crore | 302.31 | 6.74% | 0.00% |
| Sundram Fasteners | 1,036 | Rs 22,652 crore | 36.92 | 13.83% | 0.74% |
| Sona BLW Precision Forgings | 870.40 | Rs 55,016 crore | 74.51 | 11.63% | 0.38% |
On valuation, Happy Forgings and Sundram Fasteners sit close to it; Craftsman Automation, PTC Industries and Sona BLW Precision Forgings carry a premium. Valuation is the first filter for any castings and forgings stocks to buy list, and it is covered again in the risk section.
Why These Castings and Forgings Stocks to Buy Are in Focus
Rising auto output, defence and aerospace orders and wind power projects are creating demand for precision metal components. The list includes forging specialists, a powertrain and aluminium maker, an aerospace castings company, a fasteners leader and an electric-vehicle component supplier. Investors comparing the best castings and forgings stocks in India typically look at customer diversity, export share and margins.
Happy Forgings: The Precision Forging Specialist Among Castings and Forgings Stocks to Buy
Happy Forgings is a maker of precision forged and machined components for auto, industrial and renewable customers. Its market capitalisation is Rs 16,943 crore, the share price is Rs 1,804 and the P/E of 51.75 compares with an industry P/E of 48.76.
Over FY26, net profit rose 12.8% to Rs 302 crore on revenue of Rs 1,577 crore, which was up 9.0%. The latest quarter, the June 2026 quarter, brought revenue of Rs 460 crore, up 26.5% year on year, and net profit of Rs 91.5 crore, up 39.2%.
Return on equity is 14.17%, debt-to-equity is 0.15, and the dividend yield is 0.22%. Promoters hold 78.44%, foreign institutions 2.37% and domestic institutions 14.93% as of September 2026.
Craftsman Automation: The Powertrain and Aluminium Maker Among Castings and Forgings Stocks to Buy
Craftsman Automation is a maker of powertrain, aluminium products and industrial engineering components. The stock trades at Rs 10,636 with a market capitalisation of Rs 28,798 crore and a P/E of 54.62, against an industry P/E of 36.13.
FY26 revenue rose 42.3% to Rs 8,131 crore and net profit rose 91.2% to Rs 384 crore. In the September 2026 quarter, revenue grew 47.4% year on year to Rs 2,965 crore, while net profit grew 68.6% to Rs 153 crore.
Return on equity is 11.76%, debt-to-equity is 1.11, and the dividend yield is 0.09%. Promoters hold 42.41%, foreign institutions 16.46% and domestic institutions 33.63% as of September 2026. Domestic institutional holding has risen from 24.37% to 33.63% over the last year. A point to keep in view: debt is higher than most names on this list.
Check Castings and Forgings Stocks Live on the Univest Screener
PTC Industries: The Aerospace Castings Specialist Among Castings and Forgings Stocks to Buy
PTC Industries is a maker of precision investment castings for aerospace and defence customers. At Rs 24,340, the stock has a market capitalisation of Rs 37,967 crore and trades at 302.31 times earnings, while the industry P/E is 48.76.
Reported numbers show FY26 revenue of Rs 643 crore, up 88.0% year on year, with net profit at Rs 102 crore, up 66.4%. The June 2026 quarter added revenue of Rs 197 crore (up 83.0%) and net profit of Rs 29.2 crore (up 465.7%).
Return on equity is 6.74%, debt-to-equity is 0.17, and the dividend yield is 0.00%. Promoters hold 59.68%, foreign institutions 4.24% and domestic institutions 7.09% as of September 2026. A point to keep in view: at a P/E of 302.31, expectations are already high, and return on equity is a modest 6.74%.
Sundram Fasteners: The Fasteners Leader Among Castings and Forgings Stocks to Buy
Sundram Fasteners is a maker of high-tensile fasteners, powertrain parts and wind-energy components. Its market capitalisation is Rs 22,652 crore, the share price is Rs 1,036 and the P/E of 36.92 compares with an industry P/E of 36.13.
Over FY26, net profit rose 9.4% to Rs 593 crore on revenue of Rs 6,368 crore, which was up 6.4%. The latest quarter, the September 2026 quarter, brought revenue of Rs 1,996 crore, up 29.5% year on year, and net profit of Rs 173 crore, up 13.0%.
Return on equity is 13.83%, debt-to-equity is 0.15, and the dividend yield is 0.74%. Promoters hold 46.95%, foreign institutions 11.03% and domestic institutions 22.61% as of September 2026.
Sona BLW Precision Forgings: The Driveline and EV Components Name Among Castings and Forgings Stocks to Buy
Sona BLW Precision Forgings is a maker of differential gears, driveline parts and electric traction motor components with global customers. The stock trades at Rs 870.40 with a market capitalisation of Rs 55,016 crore and a P/E of 74.51, against an industry P/E of 36.13.
FY26 revenue rose 24.2% to Rs 4,572 crore and net profit rose 4.9% to Rs 629 crore. In the September 2026 quarter, revenue grew 35.9% year on year to Rs 1,577 crore, while net profit grew 30.8% to Rs 223 crore.
Return on equity is 11.63%, debt-to-equity is 0.10, and the dividend yield is 0.38%. Promoters hold 27.91%, foreign institutions 23.87% and domestic institutions 41.22% as of September 2026. Domestic institutional holding has risen from 40.13% to 41.22% over the last year. A point to keep in view: at a P/E of 74.51, expectations are already high.
Download the Univest iOS App or Univest Android App to track these castings and forgings stocks live and get daily stock recommendations.
Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five castings and forgings stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Happy Forgings | 9.0% | 12.8% | Jun 2026 | 26.5% | 39.2% |
| Craftsman Automation | 42.3% | 91.2% | Sep 2026 | 47.4% | 68.6% |
| PTC Industries | 88.0% | 66.4% | Jun 2026 | 83.0% | 465.7% |
| Sundram Fasteners | 6.4% | 9.4% | Sep 2026 | 29.5% | 13.0% |
| Sona BLW Precision Forgings | 24.2% | 4.9% | Sep 2026 | 35.9% | 30.8% |
Factors That Move Castings and Forgings Stocks to Buy
Four factors tend to drive castings and forgings stocks, and each one is worth checking before a purchase.
- Auto and industrial demand: Production volumes set demand for forged and machined parts.
- Aerospace and defence orders: Long-cycle orders add visibility and margin.
- Raw material costs: Steel and alloy prices influence profitability.
- Exports: Global customers diversify the revenue base.
Risks to Keep in Mind Before Buying Castings and Forgings Stocks
The first risk is cyclicality, since component demand falls when auto or industrial output slows. The second is valuation, because some names trade at very high multiples relative to earnings. Metal prices can also squeeze margins in a quarter, so look at multi-year performance before deciding.
On the numbers, PTC Industries trades at the highest P/E on this list at 302.31, so its earnings need to keep growing to support the price. Castings and forgings stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose Castings and Forgings Stocks to Buy
- Check customer base: A wide base across industries limits the effect of a downturn.
- Study margins: Stable operating margins show cost control.
- Review ROE: Returns above 12% to 15% suggest efficient capital use.
- Compare valuations: High multiples need sustained growth to hold.
How to Invest in Castings and Forgings Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Sundram Fasteners offers the lowest P/E on this list at 36.92, Happy Forgings has the highest return on equity at 14.17%, and Craftsman Automation posted the fastest net profit growth in its latest full year at 91.2%. Among the best castings and forgings stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these castings and forgings stocks to buy.
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 Castings and Forgings Stocks to Buy
Which are the best castings and forgings stocks to buy in November 2026?
Ans. The five castings and forgings stocks on the November 2026 watchlist are Happy Forgings, Craftsman Automation, PTC Industries, Sundram Fasteners and Sona BLW Precision Forgings. Sundram Fasteners has the lowest P/E at 36.92, Happy Forgings has the highest ROE at 14.17%, and Craftsman Automation grew net profit 91.2% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Sona BLW Precision Forgings a good castings and forgings stock to buy?
Ans. Sona BLW Precision Forgings is the largest company on this list with a market capitalisation of Rs 55,016 crore and a P/E of 74.51 against an industry P/E of 36.13. Its FY26 revenue rose 24.2% and net profit rose 4.9%, with return on equity at 11.63%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are castings and forgings stocks expensive right now?
Ans. Valuations vary across the group. Happy Forgings trades at a P/E of 51.75, Craftsman Automation trades at a P/E of 54.62, PTC Industries trades at a P/E of 302.31, Sundram Fasteners trades at a P/E of 36.92, Sona BLW Precision Forgings trades at a P/E of 74.51, against industry multiples ranging from 36.13 to 48.76. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which castings and forgings stocks pay a dividend?
Ans. Dividend yields on this list are Happy Forgings 0.22%, Craftsman Automation 0.09%, Sundram Fasteners 0.74%, Sona BLW Precision Forgings 0.38%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.
Which castings and forgings stock has the highest return on equity?
Ans. Happy Forgings has the highest ROE on this list at 14.17%, followed by Sundram Fasteners at 13.83% and Craftsman Automation at 11.76%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in castings and forgings stocks?
Ans. The main risks are cyclical demand, metal price swings and rich valuations at some names. On this list, PTC Industries trades at the highest P/E of 302.31, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in castings and forgings stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
