3 Heat Transfer Parts, Exhaust Components and Brake Shoes Stocks With a Strong Future Roadmap: Talbros Automotive Components, Sharda Motor Industries and ASK Automotive
- October 21, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Talbros Automotive Components, Sharda Motor Industries and ASK Automotive: ROE of 14.0% to 26.3% and FY22 to FY26 revenue CAGR of 10.9% to 20.0%. Prices as of 20 Oct 2026.
Quick Answer
The three auto parts maker stocks to watch are Talbros Automotive Components, Sharda Motor Industries and ASK Automotive. Their return on equity ranges from 14.0% to 26.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 20.0%. Sharda Motor Industries has the highest return on equity at 26.3%, while ASK Automotive has the fastest revenue growth at 20.0% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Auto parts maker stocks give investors a way to follow vehicle demand without choosing one vehicle brand. Talbros Automotive Components, Sharda Motor Industries and ASK Automotive cover gaskets and heat transfer parts, exhaust systems and braking components for two-wheelers and other vehicles.
This list covers three auto parts maker stocks with complete current figures: Talbros Automotive Components, Sharda Motor Industries and ASK Automotive. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Auto Parts Maker Stocks?
Auto parts maker stocks are listed companies that make components such as gaskets, exhaust systems and brake parts for vehicle makers and the aftermarket. Results depend on vehicle production, product mix and the strength of customer relationships.
Auto Parts Maker Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Talbros Automotive Components | 353.1 | 2,171 | 19.4 | 36.9 | 14.0 | 0.11 |
| Sharda Motor Industries | 868.1 | 4,995 | 15.0 | 36.9 | 26.3 | 0.04 |
| ASK Automotive | 566.65 | 11,184 | 35.4 | 36.9 | 22.7 | 0.52 |
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 auto parts maker 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 Parts Maker Stocks Have a Strong Roadmap in India?
Auto parts maker stocks have a strong roadmap in India because vehicle output is growing and suppliers with proven quality are being given a wider share of each vehicle’s components.
- Emission and safety norms. Stricter rules raise the value of exhaust and braking parts.
- Premium vehicles. Higher-end models use more engineered components.
- Aftermarket sales. Replacement parts provide demand beyond new vehicle production.
Why Talbros Automotive Components Features Among These Auto Parts Maker Stocks
Among the auto parts maker stocks on this list, Talbros Automotive Components makes gaskets, forgings, heat shields and anti-vibration products for automakers and the aftermarket, and is part of the Talbros group.
Revenue rose from Rs 588 crore in FY22 to Rs 889 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew from Rs 44.9 crore in FY22 to Rs 104 crore in FY26, which works out to a compound annual growth rate of 23.4%.
In the June 2026 quarter, revenue grew 15.0% year on year to Rs 242 crore, while net profit rose 35.2% to Rs 30.0 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,171 crore. The stock trades at a P/E of 19.4, below the industry P/E of 36.9.
Roadmap: Its roadmap includes capacity in forgings, entry into products for electric vehicles and a growing export book. The aftermarket business offers steady demand through the vehicle’s life, which provides a base for earnings.
What to watch: Monitor demand from major vehicle customers and raw material price trends.
Why Sharda Motor Industries Features Among These Auto Parts Maker Stocks
Among the auto parts shares on this list, Sharda Motor Industries makes exhaust systems and catalytic converters, with large passenger vehicle makers among its main customers.
In the June 2026 quarter, revenue grew 33.2% year on year to Rs 1,038 crore. 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%. 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.
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 ASK Automotive Features Among These Auto Parts Maker Stocks
Among the three companies 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.
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.
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.
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.
Talbros Automotive Components vs Sharda Motor Industries vs ASK Automotive on Key Financials
The table below sets the three auto parts maker 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 |
|---|---|---|---|---|---|
| Talbros Automotive Components | 588 | 889 | 10.9% | 104 | 11.7% |
| Sharda Motor Industries | 2,285 | 3,483 | 11.1% | 345 | 9.9% |
| ASK Automotive | 2,024 | 4,196 | 20.0% | 297 | 7.1% |
Sharda Motor Industries posts the highest return on equity in this group at 26.3%. ASK Automotive combines the largest FY26 revenue at Rs 4,196 crore with the fastest revenue growth, a 20.0% compound annual rate. A useful habit with auto parts maker 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 |
|---|---|---|---|
| Talbros Automotive Components | 211 | 242 | 15.0% |
| Sharda Motor Industries | 779 | 1,038 | 33.2% |
| ASK Automotive | 895 | 1,361 | 52.1% |
Key Risks to Check Before Investing in Auto Parts Maker Stocks
Every theme carries risks that deserve a check before any decision. For these auto parts maker stocks, the main points are: Long-term auto parts shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Vehicle cycles. Component demand follows vehicle sales.
- Customer concentration. Sales depend on a few leading vehicle makers.
- Raw material costs. Steel and aluminium prices can influence 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 auto parts maker stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Auto Parts Maker Stocks
Auto parts maker stocks suit investors who follow production data and customer wins. Talbros Automotive Components, Sharda Motor Industries and ASK Automotive each supply parts that are essential to vehicle safety and performance. Based on the 20 October 2026 close, Talbros Automotive Components trades at Rs 353.1, Sharda Motor Industries at Rs 868.1 and ASK Automotive at Rs 566.65. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these auto parts maker stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track auto parts maker 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 auto parts maker stocks?
Ans. Auto parts maker stocks are listed companies that make components such as gaskets, exhaust systems and brake parts for vehicle makers and the aftermarket. Results depend on vehicle production, product mix and the strength of customer relationships. This list looks at three of them, Talbros Automotive Components, Sharda Motor Industries and ASK Automotive, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which auto parts maker stocks are covered in this list?
Ans. This list covers Talbros Automotive Components, Sharda Motor Industries and ASK Automotive. Based on the 20 October 2026 close, Talbros Automotive Components traded at Rs 353.1, Sharda Motor Industries at Rs 868.1 and ASK Automotive at Rs 566.65. Their return on equity ranges from 14.0% to 26.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 20.0%.
Why do auto parts maker stocks have a strong future roadmap in India?
Ans. Auto parts maker stocks have a strong roadmap in India because vehicle output is growing and suppliers with proven quality are being given a wider share of each vehicle’s components. The main drivers are as follows. Emission and safety norms. Stricter rules raise the value of exhaust and braking parts. Premium vehicles. Higher-end models use more engineered components. Aftermarket sales. Replacement parts provide demand beyond new vehicle production. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Talbros Automotive Components performed financially?
Ans. Revenue rose from Rs 588 crore in FY22 to Rs 889 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew from Rs 44.9 crore in FY22 to Rs 104 crore in FY26, which works out to a compound annual growth rate of 23.4%. In the June 2026 quarter, revenue grew 15.0% year on year to Rs 242 crore, while net profit rose 35.2% to Rs 30.0 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,171 crore. The stock trades at a P/E of 19.4, below the industry P/E of 36.9. Looking ahead, its roadmap includes capacity in forgings, entry into products for electric vehicles and a growing export book. The aftermarket business offers steady demand through the vehicle’s life, which provides a base for earnings.
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 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.
What risks should investors check before buying auto parts maker stocks?
Ans. Investors should check a few risks before buying auto parts maker stocks. Vehicle cycles. Component demand follows vehicle sales. Customer concentration. Sales depend on a few leading vehicle makers. Raw material costs. Steel and aluminium prices can influence 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 auto parts maker stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 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.
