3 Suspension Systems, Brake Pads and Bus Bodies Stocks With a Strong Future Roadmap: Endurance Technologies, ASK Automotive and JBM Auto
- October 21, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Endurance Technologies, ASK Automotive and JBM Auto: ROE of 13.9% to 22.7% and FY22 to FY26 revenue CAGR of 18.0% to 20.0%. Prices as of 20 Oct 2026.
Quick Answer
The three braking and suspension stocks to watch are Endurance Technologies, ASK Automotive and JBM Auto. Their return on equity ranges from 13.9% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 18.0% to 20.0%. ASK Automotive leads on both return on equity at 22.7% and revenue growth at 20.0% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Braking and suspension stocks let investors follow the systems that keep vehicles safe and comfortable. Endurance Technologies, ASK Automotive and JBM Auto cover suspension, brakes and castings, brake pads and light-weighting parts and sheet metal components with buses.
This list covers three braking and suspension stocks with complete current figures: Endurance Technologies, ASK Automotive and JBM Auto. 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 Braking and Suspension Stocks?
Braking and suspension stocks are listed companies that make suspension systems, brakes, sheet metal parts and buses. Their earnings follow vehicle production, safety norms and fleet orders.
Braking and Suspension Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Endurance Technologies | 2,368.8 | 33,317 | 34.4 | 36.9 | 13.9 | 0.19 |
| ASK Automotive | 566.65 | 11,184 | 35.4 | 36.9 | 22.7 | 0.52 |
| JBM Auto | 529.2 | 12,533 | 51.5 | 36.9 | 14.2 | 1.97 |
On valuation, Endurance Technologies and ASK Automotive trade at a P/E below the industry P/E, while JBM Auto trades above it, which reflects the growth the market already expects. Readers comparing braking and suspension stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Braking and Suspension Stocks Have a Strong Roadmap in India?
Braking and suspension stocks have a strong roadmap in India because vehicle production is rising, safety rules are becoming stricter and electric bus programmes are expanding.
- Safety norms. Anti-lock braking and better suspension raise content per vehicle.
- Premium two-wheelers. Higher-end models use more engineered parts.
- Bus programmes. City transport projects order buses and components.
Why Endurance Technologies Features Among These Braking and Suspension Stocks
Among the braking and suspension stocks on this list, Endurance Technologies is a Chhatrapati Sambhajinagar-based auto component maker that supplies suspension, brake systems, aluminium castings and transmission parts to two-wheeler, three-wheeler and car makers in India and Europe.
Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%.
In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9.
Roadmap: The company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.
What to watch: Track growth in braking and suspension content and the European business.
Why ASK Automotive Features Among These Braking and Suspension Stocks
Among the brake pad and bus body shares 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.
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. 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%. 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.
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.
Why JBM Auto Features Among These Braking and Suspension Stocks
Among the three companies 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.
Endurance Technologies vs ASK Automotive vs JBM Auto on Key Financials
The table below sets the three braking and suspension 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 |
|---|---|---|---|---|---|
| Endurance Technologies | 7,590 | 14,720 | 18.0% | 952 | 6.5% |
| ASK Automotive | 2,024 | 4,196 | 20.0% | 297 | 7.1% |
| JBM Auto | 3,214 | 6,227 | 18.0% | 238 | 3.8% |
ASK Automotive posts the highest return on equity in this group at 22.7%. Endurance Technologies has the largest FY26 revenue at Rs 14,720 crore, and ASK Automotive shows the fastest revenue growth with a 20.0% compound annual rate. A useful habit with braking and suspension 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 |
|---|---|---|---|
| Endurance Technologies | 3,355 | 4,348 | 29.6% |
| ASK Automotive | 895 | 1,361 | 52.1% |
| JBM Auto | 1,294 | 1,474 | 13.9% |
Key Risks to Check Before Investing in Braking and Suspension Stocks
Every theme carries risks that deserve a check before any decision. For these braking and suspension stocks, the main points are: Long-term brake pad and bus body 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.
- Tender timing. Bus orders may be awarded unevenly.
- Raw material costs. Steel and aluminium prices 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 braking and suspension stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Braking and Suspension Stocks
Braking and suspension stocks suit investors who follow production data and safety-driven content growth. Endurance Technologies, ASK Automotive and JBM Auto each tie their growth to a defined part of the vehicle. Based on the 20 October 2026 close, Endurance Technologies trades at Rs 2,368.8, ASK Automotive at Rs 566.65 and JBM Auto at Rs 529.2.
Download the Univest iOS App or Univest Android App to track braking and suspension 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 braking and suspension stocks?
Ans. Braking and suspension stocks are listed companies that make suspension systems, brakes, sheet metal parts and buses. Their earnings follow vehicle production, safety norms and fleet orders. This list looks at three of them, Endurance Technologies, ASK Automotive and JBM Auto, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which braking and suspension stocks are covered in this list?
Ans. This list covers Endurance Technologies, ASK Automotive and JBM Auto. Based on the 20 October 2026 close, Endurance Technologies traded at Rs 2,368.8, ASK Automotive at Rs 566.65 and JBM Auto at Rs 529.2. Their return on equity ranges from 13.9% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 18.0% to 20.0%.
Why do braking and suspension stocks have a strong future roadmap in India?
Ans. Braking and suspension stocks have a strong roadmap in India because vehicle production is rising, safety rules are becoming stricter and electric bus programmes are expanding. The main drivers are as follows. Safety norms. Anti-lock braking and better suspension raise content per vehicle. Premium two-wheelers. Higher-end models use more engineered parts. Bus programmes. City transport projects order buses and components. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Endurance Technologies performed financially?
Ans. Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9. Looking ahead, the company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its 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.
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.
What risks should investors check before buying braking and suspension stocks?
Ans. Investors should check a few risks before buying braking and suspension stocks. Vehicle cycles. Component demand follows vehicle sales. Tender timing. Bus orders may be awarded unevenly. Raw material costs. Steel and aluminium prices 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 braking and suspension 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.
