{"id":291846,"date":"2026-10-07T11:24:50","date_gmt":"2026-10-07T05:54:50","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=291846"},"modified":"2026-10-07T11:24:50","modified_gmt":"2026-10-07T05:54:50","slug":"tier-1-auto-supplier-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/","title":{"rendered":"3 Tier-1 Auto Supplier Stocks With a Strong Future Roadmap: Lumax Auto Technologies, Minda Corporation and Sandhar Technologies"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Lumax Auto Rs 1,856.90, P\/E 33.18. Minda Corp Rs 659.60, P\/E 31.58. Sandhar Rs 558.10, P\/E 16.19. Closing prices of 6 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Tier-1 auto supplier stocks with the clearest long-term roadmaps today include Lumax Auto Technologies in gear shift systems, plastic moulded parts and chassis systems for two-wheelers and cars, Minda Corporation in locking systems, switches and sensors for vehicles and Sandhar Technologies in locking systems, mirrors, wheel assemblies and castings for vehicles. FY26 revenue growth was 33.3% at Lumax Auto, 21.9% at Minda Corp and 26.3% at Sandhar. P\/E stands at 33.18 for Lumax Auto (industry 36.86), 31.58 for Minda Corp (industry 36.86) and 16.19 for Sandhar (industry 36.86). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Tier-1 auto supplier stocks give investors exposure to firms that supply complete systems straight to vehicle makers. Results depend on vehicle volumes, content per vehicle and cost control, which is why margins and working capital matter as much as headline growth.<\/p>\n<p>This list covers three two-wheeler and car supplier stocks: Lumax Auto Technologies for gear shift systems, plastic moulded parts and chassis systems for two-wheelers and cars, Minda Corporation for locking systems, switches and sensors for vehicles and Sandhar Technologies for locking systems, mirrors, wheel assemblies and castings for vehicles. Every figure comes from the latest reported financials and the 6 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=tier-1-auto-supplier-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#What_Are_Tier-1_Auto_Supplier_Stocks\" title=\"What Are Tier-1 Auto Supplier Stocks?\">What Are Tier-1 Auto Supplier Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Tier-1_Auto_Supplier_Stocks_at_a_Glance\" title=\"Tier-1 Auto Supplier Stocks at a Glance\">Tier-1 Auto Supplier Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Why_Do_Tier-1_Auto_Supplier_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Tier-1 Auto Supplier Stocks Have a Strong Roadmap in India?\">Why Do Tier-1 Auto Supplier Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Lumax_Auto_Technologies_Gear_Shift_and_Chassis_Systems_Anchor_the_Roadmap\" title=\"Lumax Auto Technologies: Gear Shift and Chassis Systems Anchor the Roadmap\">Lumax Auto Technologies: Gear Shift and Chassis Systems Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Minda_Corporation_Locking_Systems_Switches_and_Sensors_Drive_the_Pipeline\" title=\"Minda Corporation: Locking Systems, Switches and Sensors Drive the Pipeline\">Minda Corporation: Locking Systems, Switches and Sensors Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Sandhar_Technologies_Mirrors_Wheel_Assemblies_and_Castings_Build_the_Next_Leg\" title=\"Sandhar Technologies: Mirrors, Wheel Assemblies and Castings Build the Next Leg\">Sandhar Technologies: Mirrors, Wheel Assemblies and Castings Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Best_Tier-1_Auto_Supplier_Stocks_in_India_Lumax_Auto_vs_Minda_Corp_vs_Sandhar_on_Key_Financials\" title=\"Best Tier-1 Auto Supplier Stocks in India: Lumax Auto vs Minda Corp vs Sandhar on Key Financials\">Best Tier-1 Auto Supplier Stocks in India: Lumax Auto vs Minda Corp vs Sandhar on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#How_to_Evaluate_Auto_Systems_Supplier_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Auto Systems Supplier Stocks to Buy Before You Invest\">How to Evaluate Auto Systems Supplier Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Tier-1_Auto_Supplier_Stocks\" title=\"Risks to Consider Before Investing in Tier-1 Auto Supplier Stocks\">Risks to Consider Before Investing in Tier-1 Auto Supplier Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#FAQs_on_Tier-1_Auto_Supplier_Stocks\" title=\"FAQs on Tier-1 Auto Supplier Stocks\">FAQs on Tier-1 Auto Supplier Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Which_are_the_best_tier-1_auto_supplier_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best tier-1 auto supplier stocks in India with a strong roadmap?\">Which are the best tier-1 auto supplier stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Is_Lumax_Auto_Technologies_a_good_stock_to_buy_now\" title=\"Is Lumax Auto Technologies a good stock to buy now?\">Is Lumax Auto Technologies a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_Lumax_Auto_Minda_Corp_and_Sandhar\" title=\"What is the P\/E ratio of Lumax Auto, Minda Corp and Sandhar?\">What is the P\/E ratio of Lumax Auto, Minda Corp and Sandhar?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Which_of_these_tier-1_auto_supplier_stocks_has_the_highest_return_on_equity\" title=\"Which of these tier-1 auto supplier stocks has the highest return on equity?\">Which of these tier-1 auto supplier stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_tier-1_auto_supplier_stocks\" title=\"What are the risks of investing in tier-1 auto supplier stocks?\">What are the risks of investing in tier-1 auto supplier stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#How_did_Lumax_Auto_Minda_Corp_and_Sandhar_perform_in_Q1_FY27\" title=\"How did Lumax Auto, Minda Corp and Sandhar perform in Q1 FY27?\">How did Lumax Auto, Minda Corp and Sandhar perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#Do_tier-1_auto_supplier_stocks_pay_dividends\" title=\"Do tier-1 auto supplier stocks pay dividends?\">Do tier-1 auto supplier stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/tier-1-auto-supplier-stocks-strong-roadmap\/#How_can_I_invest_in_tier-1_auto_supplier_stocks_in_India\" title=\"How can I invest in tier-1 auto supplier stocks in India?\">How can I invest in tier-1 auto supplier stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Tier-1_Auto_Supplier_Stocks\"><\/span><strong>What Are Tier-1 Auto Supplier Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tier-1 auto supplier stocks are shares of companies that design and supply systems such as locks, switches, gear shifters and mirrors directly to vehicle makers. Results depend on vehicle volumes, new model wins, content per vehicle and operating margin, so a broad customer list and steady launches separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tier-1_Auto_Supplier_Stocks_at_a_Glance\"><\/span><strong>Tier-1 Auto Supplier Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three tier-1 auto supplier stocks as of the 6 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/lumaxtech\/lumax-auto-technologies-ltd-share-price-today\">Lumax Auto Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,856.90<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,670<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.04%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/mindacorp\/minda-corporation-ltd-share-price-today\">Minda Corporation<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">659.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15,765<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.58<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.63%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.56<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/sandhar\/sandhar-technologies-ltd-share-price-today\">Sandhar Technologies<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">558.10<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,366<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.19<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">36.86<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.90%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.86<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among two-wheeler and car supplier stocks, all three trade below their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Tier-1_Auto_Supplier_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Tier-1 Auto Supplier Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tier-1 auto supplier stocks have a strong roadmap in India because vehicle production is growing, each vehicle carries more electronics and safety content and suppliers win business from new launches. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Growing vehicle production:<\/strong> Two-wheeler and car output keeps rising.<\/li>\n<li><strong>More content per vehicle:<\/strong> Electronics, sensors and safety parts add value per vehicle.<\/li>\n<li><strong>New model wins:<\/strong> Each launch brings fresh supply contracts.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Lumax_Auto_Technologies_Gear_Shift_and_Chassis_Systems_Anchor_the_Roadmap\"><\/span><strong>Lumax Auto Technologies: Gear Shift and Chassis Systems Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Lumax Auto Technologies&#8217; roadmap rests on gear shift systems, plastic moulded parts and chassis systems for two-wheelers and cars, with acquisitions widening its range.<\/p>\n<p>Revenue grew from Rs 1,520.74 crore in FY22 to Rs 4,916.75 crore in FY26, a 223.3% rise, and FY26 revenue was 33.3% higher than FY25. FY26 net profit rose 47.1% to Rs 337.15 crore. Over four years, net profit rose from Rs 81.87 crore in FY22 to Rs 337.15 crore. In Q1 FY27, revenue grew 32.9% to Rs 1,378.78 crore, and net profit rose 82.7% to Rs 98.64 crore. Operating margin was 14.19% in FY26 and 15.06% in Q1 FY27 against 13.23% a year earlier.<\/p>\n<p>Debt to equity is 1.02 and return on equity is 23.04%. FY26 operating cash flow was Rs 460.16 crore against capital expenditure of Rs 247.54 crore. Lumax Auto paid a dividend of Rs 5.5 per share for FY26, a yield of 0.30%. At a P\/E of 33.18 against an industry P\/E of 36.86, the stock trades below its industry multiple.<\/p>\n<p>What to watch: FY26 net profit growth of 47.1% needs to continue through the next quarters to support a P\/E of 33.18. Debt to equity of 1.02 deserves tracking.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Minda_Corporation_Locking_Systems_Switches_and_Sensors_Drive_the_Pipeline\"><\/span><strong>Minda Corporation: Locking Systems, Switches and Sensors Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Minda Corporation&#8217;s roadmap rests on locking systems, switches and sensors for vehicles, with electric vehicle and connected-vehicle products adding content per vehicle.<\/p>\n<p>Revenue grew from Rs 3,000.10 crore in FY22 to Rs 6,200.50 crore in FY26, a 106.7% rise, and FY26 revenue was 21.9% higher than FY25. FY26 net profit rose 15.9% to Rs 277.20 crore. Over four years, net profit rose from Rs 184.50 crore in FY22 to Rs 277.20 crore. In Q1 FY27, revenue grew 33.0% to Rs 1,847.93 crore, and net profit rose 261.1% to Rs 188.38 crore. Operating margin was 11.90% in FY26 and 18.27% in Q1 FY27 against 11.51% a year earlier.<\/p>\n<p>Debt to equity is 0.56 and return on equity is 13.63%. FY26 operating cash flow was Rs 675.60 crore against capital expenditure of Rs 394.20 crore. Minda Corp paid a dividend of Rs 1.4 per share for FY26, a yield of 0.21%. At a P\/E of 31.58 against an industry P\/E of 36.86, the stock trades below its industry multiple.<\/p>\n<p>What to watch: Return on equity of 13.63% is modest, and net profit margin is only 4.5%, so small cost changes move earnings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sandhar_Technologies_Mirrors_Wheel_Assemblies_and_Castings_Build_the_Next_Leg\"><\/span><strong>Sandhar Technologies: Mirrors, Wheel Assemblies and Castings Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sandhar&#8217;s roadmap rests on locking systems, mirrors, wheel assemblies and castings for vehicles, with new plants and products broadening its customer base.<\/p>\n<p>Revenue grew from Rs 2,330.68 crore in FY22 to Rs 4,927.44 crore in FY26, a 111.4% rise, and FY26 revenue was 26.3% higher than FY25. FY26 net profit rose 40.3% to Rs 198.66 crore. Over four years, net profit rose from Rs 55.93 crore in FY22 to Rs 198.66 crore. In Q1 FY27, revenue grew 25.6% to Rs 1,394.03 crore, and net profit rose 33.1% to Rs 37.28 crore. Operating margin was 9.74% in FY26 and 8.59% in Q1 FY27 against 9.51% a year earlier.<\/p>\n<p>Debt to equity is 0.86 and return on equity is 14.90%. FY26 operating cash flow was Rs 209.91 crore against capital expenditure of Rs 298.85 crore. Sandhar paid a dividend of Rs 4 per share for FY26, a yield of 0.72%. At a P\/E of 16.19 against an industry P\/E of 36.86, the stock trades below its industry multiple.<\/p>\n<p>What to watch: FY26 capex of Rs 298.85 Cr was above operating cash flow of Rs 209.91 Cr, and net profit margin is only 4.0%, so small cost changes move earnings. Debt to equity of 0.86 deserves tracking.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Tier-1_Auto_Supplier_Stocks_in_India_Lumax_Auto_vs_Minda_Corp_vs_Sandhar_on_Key_Financials\"><\/span><strong>Best Tier-1 Auto Supplier Stocks in India: Lumax Auto vs Minda Corp vs Sandhar on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best tier-1 auto supplier stocks in India, Lumax Auto leads on FY26 operating margin and five-year revenue growth; Minda Corp leads on Q1 FY27 revenue growth; Sandhar leads on the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Lumax Auto<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Minda Corp<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Sandhar<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,916.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,200.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,927.44<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">223.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">106.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">111.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">337.15<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">277.20<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">198.66<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">40.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.19%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.90%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.74%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">32.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">82.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">261.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.04%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.63%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.90%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.58<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.19<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.02<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.56<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.86<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.30%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.21%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.72%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">460.16<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">675.60<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">209.91<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Supplier earnings follow vehicle volumes and launches, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Auto_Systems_Supplier_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Auto Systems Supplier Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen tier-1 auto supplier stocks and shortlist auto systems supplier stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 36.86 for all three here.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these tier-1 auto supplier stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Tier-1_Auto_Supplier_Stocks\"><\/span><strong>Risks to Consider Before Investing in Tier-1 Auto Supplier Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Vehicle cycle:<\/strong> Lower vehicle sales reduce orders.<\/li>\n<li><strong>Debt:<\/strong> Lumax Auto and Sandhar carry debt to equity of 1.02 and 0.86.<\/li>\n<li><strong>Thin margins:<\/strong> Sandhar&#8217;s operating margin is about 9% to 10%.<\/li>\n<li><strong>Capex:<\/strong> Sandhar&#8217;s capex was above its operating cash flow in FY26.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Lumax Auto, Minda Corp and Sandhar live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three auto systems supplier stocks cover gear shift and chassis systems, locks and sensors, and mirrors and wheel assemblies. Lumax Auto leads on FY26 operating margin and five-year revenue growth; Minda Corp leads on Q1 FY27 revenue growth; Sandhar leads on the lowest P\/E.<\/p>\n<p>Across two-wheeler and car supplier stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the auto systems supplier stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Tier-1_Auto_Supplier_Stocks\"><\/span><strong>FAQs on Tier-1 Auto Supplier Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_tier-1_auto_supplier_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best tier-1 auto supplier stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Auto Technologies, Minda Corporation and Sandhar Technologies stand out for their roadmaps in systems supplied directly to vehicle makers. FY26 revenue growth was 33.3% at Lumax Auto, 21.9% at Minda Corp and 26.3% at Sandhar, and return on equity ranges from 13.63% to 23.04%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Lumax_Auto_Technologies_a_good_stock_to_buy_now\"><\/span><strong>Is Lumax Auto Technologies a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Auto Technologies has a debt to equity ratio of 1.02, a return on equity of 23.04% and a P\/E of 33.18 against an industry P\/E of 36.86. The vehicle cycle, debt and thin margins move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Lumax_Auto_Minda_Corp_and_Sandhar\"><\/span><strong>What is the P\/E ratio of Lumax Auto, Minda Corp and Sandhar?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 33.18 for Lumax Auto (industry 36.86), 31.58 for Minda Corp (industry 36.86) and 16.19 for Sandhar (industry 36.86). All three trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_tier-1_auto_supplier_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these tier-1 auto supplier stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Auto Technologies has the highest return on equity at 23.04%, followed by Sandhar Technologies at 14.90% and Minda Corporation at 13.63%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_tier-1_auto_supplier_stocks\"><\/span><strong>What are the risks of investing in tier-1 auto supplier stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are vehicle production cycles, debt at two of the three companies, thin margins and capex ahead of cash flow. Lumax Auto carries debt to equity of 1.02.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Lumax_Auto_Minda_Corp_and_Sandhar_perform_in_Q1_FY27\"><\/span><strong>How did Lumax Auto, Minda Corp and Sandhar perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Lumax Auto Technologies reported revenue of Rs 1,378.78 crore, up 32.9% year on year, and net profit rose 82.7% to Rs 98.64 crore. Minda Corporation reported revenue of Rs 1,847.93 crore, up 33.0% year on year, and net profit rose 261.1% to Rs 188.38 crore. Sandhar Technologies reported revenue of Rs 1,394.03 crore, up 25.6% year on year, and net profit rose 33.1% to Rs 37.28 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_tier-1_auto_supplier_stocks_pay_dividends\"><\/span><strong>Do tier-1 auto supplier stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 0.30% for Lumax Auto, 0.21% for Minda Corp and 0.72% for Sandhar, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_tier-1_auto_supplier_stocks_in_India\"><\/span><strong>How can I invest in tier-1 auto supplier stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy tier-1 auto supplier stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best tier-1 auto supplier stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Auto Technologies, Minda Corporation and Sandhar Technologies stand out for their roadmaps in systems supplied directly to vehicle makers. FY26 revenue growth was 33.3% at Lumax Auto, 21.9% at Minda Corp and 26.3% at Sandhar, and return on equity ranges from 13.63% to 23.04%.\"}},{\"@type\":\"Question\",\"name\":\"Is Lumax Auto Technologies a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Auto Technologies has a debt to equity ratio of 1.02, a return on equity of 23.04% and a P\/E of 33.18 against an industry P\/E of 36.86. The vehicle cycle, debt and thin margins move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.\"}},{\"@type\":\"Question\",\"name\":\"What is the P\/E ratio of Lumax Auto, Minda Corp and Sandhar?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The P\/E ratio is 33.18 for Lumax Auto (industry 36.86), 31.58 for Minda Corp (industry 36.86) and 16.19 for Sandhar (industry 36.86). All three trade below the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these tier-1 auto supplier stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Auto Technologies has the highest return on equity at 23.04%, followed by Sandhar Technologies at 14.90% and Minda Corporation at 13.63%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in tier-1 auto supplier stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are vehicle production cycles, debt at two of the three companies, thin margins and capex ahead of cash flow. Lumax Auto carries debt to equity of 1.02.\"}},{\"@type\":\"Question\",\"name\":\"How did Lumax Auto, Minda Corp and Sandhar perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Lumax Auto Technologies reported revenue of Rs 1,378.78 crore, up 32.9% year on year, and net profit rose 82.7% to Rs 98.64 crore. 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Investments in securities are subject to market risk, so consider your risk profile first.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lumax Auto Technologies, Minda Corporation and Sandhar Technologies compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":28,"featured_media":291843,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[9232,5465,9233,9234,9231],"class_list":["post-291846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-auto-systems-supplier-stocks","tag-lumax-auto-technologies","tag-minda-corporation","tag-sandhar-technologies","tag-tier-1-auto-supplier-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["291843"],"rank_math_title":["Tier-1 Auto Supplier Stocks: Lumax Auto, Minda Corp, Sandhar"],"rank_math_description":["Tier-1 auto supplier stocks with a strong roadmap: Lumax Auto Technologies, Minda Corporation and Sandhar Technologies compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["tier-1 auto supplier stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-tier-1-auto-supplier-stocks-with-a-strong-future-roadmap-lumax-auto.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/291846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=291846"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/291846\/revisions"}],"predecessor-version":[{"id":291847,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/291846\/revisions\/291847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/291843"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=291846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=291846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=291846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}