3 Utility Vehicle and Tractor Maker, Powertrain Components Maker and Switches and Lighting Supplier Stocks With a Strong Future Roadmap: Mahindra and Mahindra, Craftsman Automation and UNO Minda
- October 30, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Mahindra and Mahindra, Craftsman Automation and UNO Minda: ROE of 11.8% to 18.4% and FY22 to FY26 revenue CAGR of 22.0% to 38.3%. Prices as of 29 Oct 2026.
Quick Answer
The three utility vehicle, powertrain and switch stocks to watch are Mahindra and Mahindra, Craftsman Automation and UNO Minda. Their return on equity ranges from 11.8% to 18.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 22.0% to 38.3%. Mahindra and Mahindra has the highest return on equity at 18.4%, while Craftsman Automation has the fastest revenue growth at 38.3% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Utility vehicle, powertrain and switch stocks give investors a way to track businesses that sit close to everyday demand in India. Mahindra and Mahindra, Craftsman Automation and UNO Minda cover a utility vehicle and tractor maker, a powertrain components maker and a switches and lighting supplier.
This list covers three utility vehicle, powertrain and switch stocks with complete current figures: Mahindra and Mahindra, Craftsman Automation and UNO Minda. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Utility Vehicle, Powertrain and Switch Stocks?
Utility vehicle, powertrain and switch stocks are listed companies that make utility vehicles, tractors and commercial vehicles, produce engine and aluminium components and industrial products and supply switches, lighting, sensors and alloy wheels to vehicle makers. Their earnings depend on vehicle output, new launches and input costs.
Utility Vehicle, Powertrain and Switch Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Mahindra and Mahindra | 2,890 | 354,157 | 17.5 | 23.4 | 18.4 | 1.44 |
| Craftsman Automation | 10,833 | 28,768 | 61.9 | 36.1 | 11.8 | 1.11 |
| UNO Minda | 1,087.4 | 61,685 | 47.8 | 36.1 | 17.5 | 0.40 |
On valuation, Mahindra and Mahindra trades at a P/E below the industry P/E, while Craftsman Automation and UNO Minda trade above it, which reflects the growth the market already expects. Readers comparing utility vehicle, powertrain and 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 utility vehicle, powertrain and switch stocks can use the coming numbers to test whether growth is holding.
Why Do Utility Vehicle, Powertrain and Switch Stocks Have a Strong Roadmap in India?
Utility vehicle, powertrain and switch stocks have a strong roadmap in India because strong demand for sport utility vehicles, rising farm incomes and growing electronic content per vehicle keep widening the market for these auto and parts makers.
- Vehicle demand. Utility vehicles and tractors find steady buyers.
- Electronic content. Sensors and controllers add value per vehicle.
- Wide customers. Many brands buy the same parts.
Why Mahindra and Mahindra Features Among These Utility Vehicle, Powertrain and Switch Stocks
Among the utility vehicle, powertrain and switch stocks on this list, Mahindra and Mahindra is a leading maker of utility vehicles, tractors and commercial vehicles in India, and it also has businesses in farm services, logistics and renewable energy.
The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4.
Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore.
Roadmap: The company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.
What to watch: Track utility vehicle bookings, tractor demand and progress on new electric platforms.
Why Craftsman Automation Features Among These Utility Vehicle, Powertrain and Switch Stocks
Among the SUV and component shares on this list, Craftsman Automation, based in Coimbatore, makes powertrain components, aluminium products and industrial and engineering products such as storage solutions and machine building.
Revenue rose from Rs 2,224 crore in FY22 to Rs 8,131 crore in FY26, a compound annual growth rate of 38.3%. Net profit grew from Rs 163 crore in FY22 to Rs 384 crore in FY26, which works out to a compound annual growth rate of 23.9%.
In the June 2026 quarter, revenue grew 37.2% year on year to Rs 2,455 crore, while net profit rose 116.3% to Rs 151 crore. The company has a return on equity of 11.8%, a debt to equity ratio of 1.11 and a market capitalisation of Rs 28,768 crore. The stock trades at a P/E of 61.9, above the industry P/E of 36.1.
Roadmap: The company is adding capacity across powertrain, aluminium and industrial divisions to serve customers in several sectors. A diversified base reduces dependence on any one product line.
What to watch: Follow capacity additions, aluminium division growth and demand from industrial customers.
Why UNO Minda Features Among These Utility Vehicle, Powertrain and 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.
Mahindra and Mahindra vs Craftsman Automation vs UNO Minda on Key Financials
The table below sets the three utility vehicle, powertrain and 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 |
|---|---|---|---|---|---|
| Mahindra and Mahindra | 91,105 | 202,084 | 22.0% | 18,622 | 9.2% |
| Craftsman Automation | 2,224 | 8,131 | 38.3% | 384 | 4.7% |
| UNO Minda | 8,376 | 19,692 | 23.8% | 1,284 | 6.5% |
Mahindra and Mahindra posts the highest return on equity in this group at 18.4%. Mahindra and Mahindra has the largest FY26 revenue at Rs 202,084 crore, and Craftsman Automation shows the fastest revenue growth with a 38.3% compound annual rate. A useful habit with utility vehicle, powertrain and 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 |
|---|---|---|---|
| Mahindra and Mahindra | 46,446 | 59,204 | 27.5% |
| Craftsman Automation | 1,789 | 2,455 | 37.2% |
| UNO Minda | 4,501 | 5,563 | 23.6% |
Key Risks to Check Before Investing in Utility Vehicle, Powertrain and Switch Stocks
Every theme carries risks that deserve a check before any decision. For these utility vehicle, powertrain and switch stocks, the main points are: Long-term SUV and component 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 utility vehicle, powertrain and switch stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Utility Vehicle, Powertrain and Switch Stocks
Utility vehicle, powertrain and switch stocks work best when investors track growth, valuation and return on equity side by side. Mahindra and Mahindra, Craftsman Automation and UNO Minda each have a clear plan to grow. Based on the 29 October 2026 close, Mahindra and Mahindra trades at Rs 2,890, Craftsman Automation at Rs 10,833 and UNO Minda at Rs 1,087.4. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these utility vehicle, powertrain and switch stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track utility vehicle, powertrain and switch 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 utility vehicle, powertrain and switch stocks?
Ans. Utility vehicle, powertrain and switch stocks are listed companies that make utility vehicles, tractors and commercial vehicles, produce engine and aluminium components and industrial products and supply switches, lighting, sensors and alloy wheels to vehicle makers. Their earnings depend on vehicle output, new launches and input costs. This list looks at three of them, Mahindra and Mahindra, Craftsman Automation and UNO Minda, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which utility vehicle, powertrain and switch stocks are covered in this list?
Ans. This list covers Mahindra and Mahindra, Craftsman Automation and UNO Minda. Based on the 29 October 2026 close, Mahindra and Mahindra traded at Rs 2,890, Craftsman Automation at Rs 10,833 and UNO Minda at Rs 1,087.4. Their return on equity ranges from 11.8% to 18.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 22.0% to 38.3%.
Why do utility vehicle, powertrain and switch stocks have a strong future roadmap in India?
Ans. Utility vehicle, powertrain and switch stocks have a strong roadmap in India because strong demand for sport utility vehicles, rising farm incomes and growing electronic content per vehicle keep widening the market for these auto and parts makers. The main drivers are as follows. Vehicle demand. Utility vehicles and tractors find steady buyers. Electronic content. Sensors and controllers add value per vehicle. Wide customers. Many brands buy the same parts. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Mahindra and Mahindra performed financially?
Ans. Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4. Looking ahead, the company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.
How has Craftsman Automation performed financially?
Ans. Revenue rose from Rs 2,224 crore in FY22 to Rs 8,131 crore in FY26, a compound annual growth rate of 38.3%. Net profit grew from Rs 163 crore in FY22 to Rs 384 crore in FY26, which works out to a compound annual growth rate of 23.9%. In the June 2026 quarter, revenue grew 37.2% year on year to Rs 2,455 crore, while net profit rose 116.3% to Rs 151 crore. The company has a return on equity of 11.8%, a debt to equity ratio of 1.11 and a market capitalisation of Rs 28,768 crore. The stock trades at a P/E of 61.9, above the industry P/E of 36.1. Looking ahead, the company is adding capacity across powertrain, aluminium and industrial divisions to serve customers in several sectors. A diversified base reduces dependence on any one product line.
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 utility vehicle, powertrain and switch stocks?
Ans. Investors should check a few risks before buying utility vehicle, powertrain and switch 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 utility vehicle, powertrain and switch stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 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.
