3 Auto Lighting, Gaskets and Heat Shields, and Heavy Forgings Stocks With a Strong Future Roadmap: Fiem Industries, Talbros Automotive Components and Bharat Forge

Auto lighting and forging stocks let investors follow suppliers whose parts light, seal and carry vehicles. Fiem Industries, Talbros Automotive Components and Bharat Forge cover automotive lighting, gaskets and heat shields, and heavy forgings.

This list covers three auto lighting and forging stocks with complete current figures: Fiem Industries, Talbros Automotive Components and Bharat Forge. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.

Click Here – Get Free Investment Predictions

What Are Auto Lighting and Forging Stocks?

Auto lighting and forging stocks are listed component makers that supply lighting, sealing and forged parts to vehicle makers and the replacement market. Their earnings depend on vehicle output, content per vehicle and export orders.

Auto Lighting and Forging Stocks at a Glance

On valuation, Fiem Industries and Talbros Automotive Components trade at a P/E below the industry P/E, while Bharat Forge trades above it, which reflects the growth the market already expects. Readers comparing auto lighting and forging 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 Lighting and Forging Stocks Have a Strong Roadmap in India?

Auto lighting and forging stocks have a strong roadmap in India because rising vehicle output, a shift to LED lighting and growing exports are lifting orders for well-qualified suppliers.

• Vehicle production. Higher output of two-wheelers, cars and trucks lifts component orders.
• LED lighting. Vehicle makers are fitting more advanced lamps across models.
• Aftermarket. Ageing vehicles create steady replacement demand.

Why Fiem Industries Features Among These Auto Lighting and Forging Stocks

Among the auto lighting and forging stocks on this list, Fiem Industries makes automotive lighting, signalling equipment and rear view mirrors, mainly for two-wheelers, with leading Japanese and Indian makers as customers.

The company has a return on equity of 21.0%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 4,790 crore. The stock trades at a P/E of 18.2, below the industry P/E of 36.9.

Revenue rose from Rs 1,575 crore in FY22 to Rs 2,836 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 95.3 crore in FY22 to Rs 256 crore in FY26, which works out to a compound annual growth rate of 28.0%. In the June 2026 quarter, revenue grew 17.4% year on year to Rs 780 crore, while net profit rose 12.9% to Rs 64.9 crore.

Roadmap: LED lighting is replacing older bulbs, which raises the value of each vehicle's lighting set. Fiem is also adding capacity and customers, and the move to premium two-wheelers helps its mix.

What to watch: Follow two-wheeler production volumes and customer-specific launch schedules.

Why Talbros Automotive Components Features Among These Auto Lighting and Forging Stocks

Among the auto lighting and gasket shares 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 Bharat Forge Features Among These Auto Lighting and Forging Stocks

Among the three companies on this list, Bharat Forge is a Pune-based maker of forgings, axles and chassis components for automotive and industrial customers, and it has a growing defence and aerospace business that includes artillery systems and components.

In the June 2026 quarter, revenue grew 18.7% year on year to Rs 4,697 crore. Revenue rose from Rs 10,657 crore in FY22 to Rs 17,010 crore in FY26, a compound annual growth rate of 12.4%.

Net profit grew from Rs 508 crore in FY23 to Rs 1,089 crore in FY26, which works out to a compound annual growth rate of 28.9%. The company has a return on equity of 11.3%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 87,540 crore. The stock trades at a P/E of 122.4, above the industry P/E of 50.7.

Roadmap: The company is widening its mix beyond automotive into defence, aerospace and industrial products, where programmes run for many years. Its forging expertise and global customer base support a range of applications.

What to watch: Check order inflow in defence and aerospace and the share of non-automotive sales.

Fiem Industries vs Talbros Automotive Components vs Bharat Forge on Key Financials

The table below sets the three auto lighting and forging stocks side by side on revenue, profit and margin, using reported figures.

Fiem Industries posts the highest return on equity in this group at 21.0%. Bharat Forge has the largest FY26 revenue at Rs 17,010 crore, and Fiem Industries shows the fastest revenue growth with a 15.8% compound annual rate. A useful habit with auto lighting and forging 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:

Key Risks to Check Before Investing in Auto Lighting and Forging Stocks

Every theme carries risks that deserve a check before any decision. For these auto lighting and forging stocks, the main points are: Long-term auto lighting and gasket shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

• Auto cycle swings. Component demand can move with vehicle sales.
• Customer dependence. A few vehicle makers account for much of the orders.
• 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 auto lighting and forging stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Auto Lighting and Forging Stocks

Auto lighting and forging stocks reward investors who follow production volumes, content growth and margins together. Fiem Industries, Talbros Automotive Components and Bharat Forge each serve vehicle makers in a different way. Based on the 21 October 2026 close, Fiem Industries trades at Rs 1,865.1, Talbros Automotive Components at Rs 343.95 and Bharat Forge at Rs 1,774. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these auto lighting and forging stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track auto lighting and forging stocks, set price alerts and get research-backed stock ideas.

What are auto lighting and forging stocks?

Ans. Auto lighting and forging stocks are listed component makers that supply lighting, sealing and forged parts to vehicle makers and the replacement market. Their earnings depend on vehicle output, content per vehicle and export orders. This list looks at three of them, Fiem Industries, Talbros Automotive Components and Bharat Forge, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.

Which auto lighting and forging stocks are covered in this list?

Ans. This list covers Fiem Industries, Talbros Automotive Components and Bharat Forge. Based on the 21 October 2026 close, Fiem Industries traded at Rs 1,865.1, Talbros Automotive Components at Rs 343.95 and Bharat Forge at Rs 1,774. Their return on equity ranges from 11.3% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 15.8%.

Why do auto lighting and forging stocks have a strong future roadmap in India?

Ans. Auto lighting and forging stocks have a strong roadmap in India because rising vehicle output, a shift to LED lighting and growing exports are lifting orders for well-qualified suppliers. The main drivers are as follows. Vehicle production. Higher output of two-wheelers, cars and trucks lifts component orders. LED lighting. Vehicle makers are fitting more advanced lamps across models. Aftermarket. Ageing vehicles create steady replacement demand. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Fiem Industries performed financially?

Ans. Revenue rose from Rs 1,575 crore in FY22 to Rs 2,836 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 95.3 crore in FY22 to Rs 256 crore in FY26, which works out to a compound annual growth rate of 28.0%. In the June 2026 quarter, revenue grew 17.4% year on year to Rs 780 crore, while net profit rose 12.9% to Rs 64.9 crore. The company has a return on equity of 21.0%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 4,790 crore. The stock trades at a P/E of 18.2, below the industry P/E of 36.9. Looking ahead, lED lighting is replacing older bulbs, which raises the value of each vehicle's lighting set. Fiem is also adding capacity and customers, and the move to premium two-wheelers helps its mix.

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 Bharat Forge performed financially?

Ans. Revenue rose from Rs 10,657 crore in FY22 to Rs 17,010 crore in FY26, a compound annual growth rate of 12.4%. Net profit grew from Rs 508 crore in FY23 to Rs 1,089 crore in FY26, which works out to a compound annual growth rate of 28.9%. In the June 2026 quarter, revenue grew 18.7% year on year to Rs 4,697 crore. The company has a return on equity of 11.3%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 87,540 crore. The stock trades at a P/E of 122.4, above the industry P/E of 50.7. Looking ahead, the company is widening its mix beyond automotive into defence, aerospace and industrial products, where programmes run for many years. Its forging expertise and global customer base support a range of applications.

What risks should investors check before buying auto lighting and forging stocks?

Ans. Investors should check a few risks before buying auto lighting and forging stocks. Auto cycle swings. Component demand can move with vehicle sales. Customer dependence. A few vehicle makers account for much of the orders. 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 auto lighting and forging stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 21 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.