3 Sheet Metal Components and Buses Maker, Vehicle Air Conditioning Maker and Second Largest Passenger Car Maker Stocks With a Strong Future Roadmap: JBM Auto, Subros and Hyundai Motor India
- November 4, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
JBM Auto, Subros and Hyundai Motor India: ROE of 13.3% to 27.1% and FY22 to FY26 revenue CAGR of 10.6% to 18.0%. Prices as of 3 Nov 2026.
Quick Answer
The three bus maker, vehicle cooling and car stocks to watch are JBM Auto, Subros and Hyundai Motor India. Their return on equity ranges from 13.3% to 27.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 18.0%. Hyundai Motor India has the highest return on equity at 27.1%, while JBM Auto has the fastest revenue growth at 18.0% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
Bus maker, vehicle cooling and car stocks let investors follow companies that serve a growing part of the Indian economy. JBM Auto, Subros and Hyundai Motor India cover a sheet metal components and buses maker, a vehicle air conditioning maker and the second largest passenger car maker.
This list covers three bus maker, vehicle cooling and car stocks with complete current figures: JBM Auto, Subros and Hyundai Motor India. Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.
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What Are Bus Maker, Vehicle Cooling and Car Stocks?
Bus maker, vehicle cooling and car stocks are listed companies that make sheet metal components, tooling and buses, produce automotive air conditioning and thermal systems, and build hatchbacks, sedans and utility vehicles for India and export markets. Their earnings depend on vehicle output, new launches and input costs.
Bus Maker, Vehicle Cooling and Car Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| JBM Auto | 487.5 | 12,533 | 51.5 | 36.9 | 14.2 | 1.97 |
| Subros | 584.2 | 4,017 | 24.1 | 36.1 | 13.3 | 0.02 |
| Hyundai Motor India | 2,030 | 150,645 | 30.4 | 23.4 | 27.1 | 0.05 |
On valuation, Subros trades at a P/E below the industry P/E, while JBM Auto and Hyundai Motor India trade above it, which reflects the growth the market already expects. Readers comparing bus maker, vehicle cooling and car stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Bus Maker, Vehicle Cooling and Car Stocks Have a Strong Roadmap in India?
Bus maker, vehicle cooling and car stocks have a strong roadmap in India because rising vehicle production, growing public transport needs and more cooling content per vehicle keep widening the market for these vehicle and component makers.
- Vehicle output. New launches support steady volumes.
- Public transport. Cities add buses and electric fleets.
- Cooling content. Modern vehicles add climate systems.
Why JBM Auto Features Among These Bus Maker, Vehicle Cooling and Car Stocks
Among the bus maker, vehicle cooling and car stocks on this list, JBM Auto makes sheet metal components, tooling, and buses, and is a significant supplier of electric buses and sheet metal parts to leading vehicle makers.
The company has a return on equity of 14.2%, a debt to equity ratio of 1.97 and a market capitalisation of Rs 12,533 crore. The stock trades at a P/E of 51.5, above the industry P/E of 36.9.
Revenue rose from Rs 3,214 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 156 crore in FY22 to Rs 238 crore in FY26, which works out to a compound annual growth rate of 11.1%. In the June 2026 quarter, revenue grew 13.9% year on year to Rs 1,474 crore, while net profit rose 13.4% to Rs 44.3 crore.
Roadmap: The company has secured large orders for electric buses under city transport programmes and supplies body and chassis components to passenger vehicle and commercial vehicle makers. Its manufacturing scale supports growth in both businesses.
What to watch: Track electric bus deliveries and the progress of orders under city bus programmes.
Why Subros Features Among These Bus Maker, Vehicle Cooling and Car Stocks
Among the auto supply shares on this list, Subros is a Noida-based maker of automotive air conditioning and thermal systems such as compressors, condensers and evaporators for passenger and commercial vehicles.
Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%.
In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1.
Roadmap: The company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.
What to watch: Follow content per vehicle, electric vehicle thermal orders and new customer additions.
Why Hyundai Motor India Features Among These Bus Maker, Vehicle Cooling and Car Stocks
Among the three companies on this list, Hyundai Motor India is the country’s second largest passenger vehicle maker by volume, selling hatchbacks, sedans and sport utility vehicles from its plant near Chennai and a new facility in Pune.
Revenue rose from Rs 47,966 crore in FY22 to Rs 71,752 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 2,902 crore in FY22 to Rs 5,432 crore in FY26, which works out to a compound annual growth rate of 17.0%.
The company has a return on equity of 27.1%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 150,645 crore. The stock trades at a P/E of 30.4, above the industry P/E of 23.4.
Roadmap: A strong sport utility vehicle line-up, a growing exports business and new capacity at the Pune plant add to volumes. The company is also working on electric models and hybrid options for the Indian market.
What to watch: Follow monthly sales, new model launches and the ramp-up of the Pune plant.
JBM Auto vs Subros vs Hyundai Motor India on Key Financials
The table below sets the three bus maker, vehicle cooling and car 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 |
|---|---|---|---|---|---|
| JBM Auto | 3,214 | 6,227 | 18.0% | 238 | 3.8% |
| Subros | 2,248 | 3,794 | 14.0% | 166 | 4.4% |
| Hyundai Motor India | 47,966 | 71,752 | 10.6% | 5,432 | 7.6% |
Hyundai Motor India posts the highest return on equity in this group at 27.1%. Hyundai Motor India has the largest FY26 revenue at Rs 71,752 crore, and JBM Auto shows the fastest revenue growth with a 18.0% compound annual rate. A useful habit with bus maker, vehicle cooling and car stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Bus Maker, Vehicle Cooling and Car Stocks
Every theme carries risks that deserve a check before any decision. For these bus maker, vehicle cooling and car stocks, the main points are: Long-term auto supply 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.
- Input costs. Metal and material prices can move 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 bus maker, vehicle cooling and car stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Bus Maker, Vehicle Cooling and Car Stocks
Bus maker, vehicle cooling and car stocks reward investors who follow demand trends, order books and margins together. JBM Auto, Subros and Hyundai Motor India each have a clear plan to grow. Based on the 3 November 2026 close, JBM Auto trades at Rs 487.5, Subros at Rs 584.2 and Hyundai Motor India at Rs 2,030. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these bus maker, vehicle cooling and car 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 bus maker, vehicle cooling and car stocks?
Ans. Bus maker, vehicle cooling and car stocks are listed companies that make sheet metal components, tooling and buses, produce automotive air conditioning and thermal systems, and build hatchbacks, sedans and utility vehicles for India and export markets. Their earnings depend on vehicle output, new launches and input costs. This list looks at three of them, JBM Auto, Subros and Hyundai Motor India, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which bus maker, vehicle cooling and car stocks are covered in this list?
Ans. This list covers JBM Auto, Subros and Hyundai Motor India. Based on the 3 November 2026 close, JBM Auto traded at Rs 487.5, Subros at Rs 584.2 and Hyundai Motor India at Rs 2,030. Their return on equity ranges from 13.3% to 27.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.6% to 18.0%.
Why do bus maker, vehicle cooling and car stocks have a strong future roadmap in India?
Ans. Bus maker, vehicle cooling and car stocks have a strong roadmap in India because rising vehicle production, growing public transport needs and more cooling content per vehicle keep widening the market for these vehicle and component makers. The main drivers are as follows. Vehicle output. New launches support steady volumes. Public transport. Cities add buses and electric fleets. Cooling content. Modern vehicles add climate systems. Together these factors give the companies on this list a visible path for growth over the coming years.
How has JBM Auto performed financially?
Ans. Revenue rose from Rs 3,214 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 156 crore in FY22 to Rs 238 crore in FY26, which works out to a compound annual growth rate of 11.1%. In the June 2026 quarter, revenue grew 13.9% year on year to Rs 1,474 crore, while net profit rose 13.4% to Rs 44.3 crore. The company has a return on equity of 14.2%, a debt to equity ratio of 1.97 and a market capitalisation of Rs 12,533 crore. The stock trades at a P/E of 51.5, above the industry P/E of 36.9. Looking ahead, the company has secured large orders for electric buses under city transport programmes and supplies body and chassis components to passenger vehicle and commercial vehicle makers. Its manufacturing scale supports growth in both businesses.
How has Subros performed financially?
Ans. Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1. Looking ahead, the company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.
How has Hyundai Motor India performed financially?
Ans. Revenue rose from Rs 47,966 crore in FY22 to Rs 71,752 crore in FY26, a compound annual growth rate of 10.6%. Net profit grew from Rs 2,902 crore in FY22 to Rs 5,432 crore in FY26, which works out to a compound annual growth rate of 17.0%. The company has a return on equity of 27.1%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 150,645 crore. The stock trades at a P/E of 30.4, above the industry P/E of 23.4. Looking ahead, a strong sport utility vehicle line-up, a growing exports business and new capacity at the Pune plant add to volumes. The company is also working on electric models and hybrid options for the Indian market.
What risks should investors check before buying bus maker, vehicle cooling and car stocks?
Ans. Investors should check a few risks before buying bus maker, vehicle cooling and car stocks. Production cycles. Vehicle output can vary with demand. Input costs. Metal and material prices can move 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 bus maker, vehicle cooling and car stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 3 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.