3 Exhaust Systems Specialist, Steel Wheels Producer and Switches and Lighting Supplier Stocks With a Strong Future Roadmap: Sharda Motor Industries, Wheels India and UNO Minda
- October 26, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Sharda Motor Industries, Wheels India and UNO Minda: ROE of 14.9% to 26.3% and FY22 to FY26 revenue CAGR of 8.4% to 23.8%. Prices as of 23 Oct 2026.
Quick Answer
The three exhaust system, wheel and lighting switch stocks to watch are Sharda Motor Industries, Wheels India and UNO Minda. Their return on equity ranges from 14.9% to 26.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 23.8%. Sharda Motor Industries has the highest return on equity at 26.3%, while UNO Minda has the fastest revenue growth at 23.8% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Exhaust system, wheel and lighting switch stocks give investors a way to track businesses that sit close to everyday demand in India. Sharda Motor Industries, Wheels India and UNO Minda cover an exhaust systems specialist, a steel wheels producer and a switches and lighting supplier.
This list covers three exhaust system, wheel and lighting switch stocks with complete current figures: Sharda Motor Industries, Wheels India and UNO Minda. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Exhaust System, Wheel and Lighting Switch Stocks?
Exhaust system, wheel and lighting switch stocks are listed auto component makers that supply exhausts, wheels and electrical parts to car, truck, tractor and two-wheeler brands. Their earnings depend on vehicle production, emission norms and content per vehicle.
Exhaust System, Wheel and Lighting Switch Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Sharda Motor Industries | 812.05 | 4,995 | 15.0 | 36.9 | 26.3 | 0.04 |
| Wheels India | 2,157.8 | 6,549 | 39.4 | 36.9 | 14.9 | 0.74 |
| UNO Minda | 1,057 | 61,685 | 47.8 | 36.1 | 17.5 | 0.40 |
On valuation, Sharda Motor Industries trades at a P/E below the industry P/E, while Wheels India and UNO Minda trade above it, which reflects the growth the market already expects. Readers comparing exhaust system, wheel and lighting 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 exhaust system, wheel and lighting switch stocks can use the coming numbers to test whether growth is holding.
Why Do Exhaust System, Wheel and Lighting Switch Stocks Have a Strong Roadmap in India?
Exhaust system, wheel and lighting switch stocks have a strong roadmap in India because stricter emission norms, tractor and truck demand and richer electronics in vehicles keep lifting orders for component makers.
- Emission norms. Cleaner engines need better exhaust systems.
- Heavy vehicles. Trucks and tractors need strong wheels.
- Vehicle electronics. Switches and sensors add content per vehicle.
Why Sharda Motor Industries Features Among These Exhaust System, Wheel and Lighting Switch Stocks
Among the exhaust system, wheel and lighting switch stocks on this list, Sharda Motor Industries makes exhaust systems and catalytic converters, with large passenger vehicle makers among its main customers.
The company has a return on equity of 26.3%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 4,995 crore. The stock trades at a P/E of 15.0, below the industry P/E of 36.9.
Revenue rose from Rs 2,285 crore in FY22 to Rs 3,483 crore in FY26, a compound annual growth rate of 11.1%. Net profit grew from Rs 149 crore in FY22 to Rs 345 crore in FY26, which works out to a compound annual growth rate of 23.3%. In the June 2026 quarter, revenue grew 33.2% year on year to Rs 1,038 crore.
Roadmap: Tighter emission norms increase the content per vehicle for exhaust systems and catalysts. The company is adding capacity in line with its customers’ production plans and expanding into new product lines, which broadens its revenue base.
What to watch: Follow volume trends at its key customers and precious metal price movements.
Why Wheels India Features Among These Exhaust System, Wheel and Lighting Switch Stocks
Among the catalytic converter company shares on this list, Wheels India, based in Chennai, manufactures steel wheels for commercial vehicles, tractors and off-highway machines, and is part of the Amalgamations group.
Revenue rose from Rs 3,979 crore in FY22 to Rs 5,488 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 74.2 crore in FY22 to Rs 158 crore in FY26, which works out to a compound annual growth rate of 20.8%.
In the June 2026 quarter, revenue grew 17.7% year on year to Rs 1,493 crore, while net profit rose 27.3% to Rs 38.9 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.74 and a market capitalisation of Rs 6,549 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.9.
Roadmap: Demand from trucks, tractors and construction equipment, along with exports and a growing aftermarket, supports its volumes. The company is also working on lighter wheels and new products for farm and construction machines.
What to watch: Follow farm and construction equipment demand and steel prices.
Why UNO Minda Features Among These Exhaust System, Wheel and Lighting 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.
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. 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%. 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.
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.
Sharda Motor Industries vs Wheels India vs UNO Minda on Key Financials
The table below sets the three exhaust system, wheel and lighting 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 |
|---|---|---|---|---|---|
| Sharda Motor Industries | 2,285 | 3,483 | 11.1% | 345 | 9.9% |
| Wheels India | 3,979 | 5,488 | 8.4% | 158 | 2.9% |
| UNO Minda | 8,376 | 19,692 | 23.8% | 1,284 | 6.5% |
Sharda Motor Industries posts the highest return on equity in this group at 26.3%. 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 exhaust system, wheel and lighting 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 |
|---|---|---|---|
| Sharda Motor Industries | 779 | 1,038 | 33.2% |
| Wheels India | 1,269 | 1,493 | 17.7% |
| UNO Minda | 4,501 | 5,563 | 23.6% |
Key Risks to Check Before Investing in Exhaust System, Wheel and Lighting Switch Stocks
Every theme carries risks that deserve a check before any decision. For these exhaust system, wheel and lighting switch stocks, the main points are: Long-term catalytic converter company shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Vehicle cycles. Component orders follow vehicle production.
- Input costs. Steel and metal prices affect 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 exhaust system, wheel and lighting switch stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Exhaust System, Wheel and Lighting Switch Stocks
Exhaust system, wheel and lighting switch stocks work best when investors track growth, valuation and return on equity side by side. Sharda Motor Industries, Wheels India and UNO Minda each have a clear plan to grow. Based on the 23 October 2026 close, Sharda Motor Industries trades at Rs 812.05, Wheels India at Rs 2,157.8 and UNO Minda at Rs 1,057. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these exhaust system, wheel and lighting switch stocks to a watchlist.
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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 exhaust system, wheel and lighting switch stocks?
Ans. Exhaust system, wheel and lighting switch stocks are listed auto component makers that supply exhausts, wheels and electrical parts to car, truck, tractor and two-wheeler brands. Their earnings depend on vehicle production, emission norms and content per vehicle. This list looks at three of them, Sharda Motor Industries, Wheels India and UNO Minda, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which exhaust system, wheel and lighting switch stocks are covered in this list?
Ans. This list covers Sharda Motor Industries, Wheels India and UNO Minda. Based on the 23 October 2026 close, Sharda Motor Industries traded at Rs 812.05, Wheels India at Rs 2,157.8 and UNO Minda at Rs 1,057. Their return on equity ranges from 14.9% to 26.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 23.8%.
Why do exhaust system, wheel and lighting switch stocks have a strong future roadmap in India?
Ans. Exhaust system, wheel and lighting switch stocks have a strong roadmap in India because stricter emission norms, tractor and truck demand and richer electronics in vehicles keep lifting orders for component makers. The main drivers are as follows. Emission norms. Cleaner engines need better exhaust systems. Heavy vehicles. Trucks and tractors need strong wheels. Vehicle electronics. Switches and sensors add content per vehicle. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Sharda Motor Industries performed financially?
Ans. Revenue rose from Rs 2,285 crore in FY22 to Rs 3,483 crore in FY26, a compound annual growth rate of 11.1%. Net profit grew from Rs 149 crore in FY22 to Rs 345 crore in FY26, which works out to a compound annual growth rate of 23.3%. In the June 2026 quarter, revenue grew 33.2% year on year to Rs 1,038 crore. The company has a return on equity of 26.3%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 4,995 crore. The stock trades at a P/E of 15.0, below the industry P/E of 36.9. Looking ahead, tighter emission norms increase the content per vehicle for exhaust systems and catalysts. The company is adding capacity in line with its customers’ production plans and expanding into new product lines, which broadens its revenue base.
How has Wheels India performed financially?
Ans. Revenue rose from Rs 3,979 crore in FY22 to Rs 5,488 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 74.2 crore in FY22 to Rs 158 crore in FY26, which works out to a compound annual growth rate of 20.8%. In the June 2026 quarter, revenue grew 17.7% year on year to Rs 1,493 crore, while net profit rose 27.3% to Rs 38.9 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.74 and a market capitalisation of Rs 6,549 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.9. Looking ahead, demand from trucks, tractors and construction equipment, along with exports and a growing aftermarket, supports its volumes. The company is also working on lighter wheels and new products for farm and construction machines.
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 exhaust system, wheel and lighting switch stocks?
Ans. Investors should check a few risks before buying exhaust system, wheel and lighting switch stocks. Vehicle cycles. Component orders follow vehicle production. Input costs. Steel and metal prices affect 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 exhaust system, wheel and lighting switch stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 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.
