
3 Automotive Lighting Supplier, Control Cable Specialist and Lubricants Brand Stocks With a Strong Future Roadmap: Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India
Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India: ROE of 12.7% to 23.0% and FY22 to FY26 revenue CAGR of 16.7% to 34.1%. Prices as of 28 Oct 2026.
Updated: 29 Oct 2026 • 12:29 pm
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The three automotive lighting, control cable and lubricant to watch are Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India. Their return on equity ranges from 12.7% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.7% to 34.1%. Lumax Auto Technologies leads on both return on equity at 23.0% and revenue growth at 34.1% a year. Prices are based on the 28 October 2026 close, and this article is educational, not investment advice.
Automotive lighting, control cable and lubricant offer a focused view of a sector where demand keeps widening. Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India cover an automotive lighting supplier, a control cable specialist and a lubricants brand.
This list covers three automotive lighting, control cable and lubricant with complete current figures: Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.
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What Are Automotive Lighting, Control Cable and Lubricant?
Automotive lighting, control cable and lubricant are listed companies that supply lighting, gear shifters and plastic parts to vehicle makers, produce control cables and speedometer parts and sell engine oils and industrial lubricants. Their earnings depend on vehicle output, aftermarket sales and input costs.
Automotive Lighting, Control Cable and Lubricant at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Lumax Auto Technologies | 2,043.1 | 12,977 | 34.0 | 36.9 | 23.0 | 1.02 |
| Suprajit Engineering | 466.5 | 6,286 | 33.6 | 36.1 | 12.7 | 0.69 |
| Gulf Oil Lubricants India | 1,073.7 | 5,199 | 14.0 | 33.2 | 22.6 | 0.37 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing automotive lighting, control cable and lubricant 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 automotive lighting, control cable and lubricant can use the coming numbers to test whether growth is holding.
Why Do Automotive Lighting, Control Cable and Lubricant Have a Strong Roadmap in India?
Automotive lighting, control cable and lubricant have a strong roadmap in India because rising vehicle ownership, growing content per vehicle and a larger base of vehicles needing regular servicing keep widening the market for these auto parts and lubricant companies.
- Vehicle lighting. Newer models use more advanced lamps.
- Control cables. Two wheelers and cars need precise cables.
- Servicing demand. A larger vehicle base needs regular oil changes.
Why Lumax Auto Technologies Features Among These Automotive Lighting, Control Cable and Lubricant
Among the automotive lighting, control cable and lubricant on this list, Lumax Auto Technologies supplies gear shift systems, plastic components and electronics to two-wheeler and passenger vehicle makers, as part of the Lumax group.
Revenue rose from Rs 1,521 crore in FY22 to Rs 4,917 crore in FY26, a compound annual growth rate of 34.1%. Net profit grew from Rs 81.9 crore in FY22 to Rs 337 crore in FY26, which works out to a compound annual growth rate of 42.5%.
In the June 2026 quarter, revenue grew 32.9% year on year to Rs 1,379 crore, while net profit rose 82.7% to Rs 98.6 crore. The company has a return on equity of 23.0%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 12,977 crore. The stock trades at a P/E of 34.0, below the industry P/E of 36.9.
Roadmap: The company is widening its product range and customer base, including electric vehicle programmes and new categories through joint ventures and acquisitions. Content per vehicle is rising as vehicles add more electronics and plastics, which helps its revenue per unit.
What to watch: Follow integration of new businesses and the pace of electric vehicle orders.
Why Suprajit Engineering Features Among These Automotive Lighting, Control Cable and Lubricant
Among the vehicle lamps, cable and engine oil shares on this list, Suprajit Engineering is a Bengaluru-based maker of automotive cables and control systems, lighting products and other components for two-wheelers, cars and commercial vehicles, with a presence in many countries.
In the June 2026 quarter, revenue grew 19.1% year on year to Rs 1,074 crore, while net profit rose 8.6% to Rs 52.2 crore. Revenue rose from Rs 1,877 crore in FY22 to Rs 3,941 crore in FY26, a compound annual growth rate of 20.4%.
Net profit grew from Rs 152 crore in FY23 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 6.3%. The company has a return on equity of 12.7%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 6,286 crore. The stock trades at a P/E of 33.6, below the industry P/E of 36.1.
Roadmap: The company is widening its mix through lighting, electronics and aftermarket products while keeping its strong cable franchise. A global footprint supports orders from international vehicle makers.
What to watch: Follow growth in new product lines, export programmes and margin trends.
Why Gulf Oil Lubricants India Features Among These Automotive Lighting, Control Cable and Lubricant
Among the three companies on this list, Gulf Oil Lubricants India is a Mumbai-based maker and marketer of automotive and industrial lubricants, greases and related products sold under the Gulf brand through a wide distributor and workshop network.
The company has a return on equity of 22.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 5,199 crore. The stock trades at a P/E of 14.0, below the industry P/E of 33.2.
Revenue rose from Rs 2,236 crore in FY22 to Rs 4,154 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 211 crore in FY22 to Rs 345 crore in FY26, which works out to a compound annual growth rate of 13.1%. In the June 2026 quarter, revenue grew 30.3% year on year to Rs 1,354 crore, while net profit rose 27.0% to Rs 121 crore.
Roadmap: The company is growing in premium engine oils, commercial vehicle lubricants and electric vehicle fluids and is widening its retail and workshop reach. Its connection with a global lubricant brand supports product development.
What to watch: Follow base oil prices, volume growth in premium products and distribution expansion.
Lumax Auto Technologies vs Suprajit Engineering vs Gulf Oil Lubricants India on Key Financials
The table below sets the three automotive lighting, control cable and lubricant 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 |
|---|---|---|---|---|---|
| Lumax Auto Technologies | 1,521 | 4,917 | 34.1% | 337 | 6.9% |
| Suprajit Engineering | 1,877 | 3,941 | 20.4% | 183 | 4.6% |
| Gulf Oil Lubricants India | 2,236 | 4,154 | 16.7% | 345 | 8.3% |
Lumax Auto Technologies posts the highest return on equity in this group at 23.0%. Lumax Auto Technologies combines the largest FY26 revenue at Rs 4,917 crore with the fastest revenue growth, a 34.1% compound annual rate. A useful habit with automotive lighting, control cable and lubricant is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several auto parts and lubricant stocks instead of one name, which keeps a single result from deciding the outcome.
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 |
|---|---|---|---|
| Lumax Auto Technologies | 1,037 | 1,379 | 32.9% |
| Suprajit Engineering | 902 | 1,074 | 19.1% |
| Gulf Oil Lubricants India | 1,039 | 1,354 | 30.3% |
Key Risks to Check Before Investing in Automotive Lighting, Control Cable and Lubricant
Every theme carries risks that deserve a check before any decision. For these automotive lighting, control cable and lubricant, the main points are: Long-term vehicle lamps, cable and engine oil 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.
- Competition. Rivals can influence pricing and market share.
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 automotive lighting, control cable and lubricant by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Automotive Lighting, Control Cable and Lubricant
Automotive lighting, control cable and lubricant reward patient research into demand, execution and financial strength. Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India each have a clear plan to expand. Based on the 28 October 2026 close, Lumax Auto Technologies trades at Rs 2,043.1, Suprajit Engineering at Rs 466.5 and Gulf Oil Lubricants India at Rs 1,073.7. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these automotive lighting, control cable and lubricant to a watchlist.
Download the Univest iOS App or Univest Android App to track automotive lighting, control cable and lubricant, 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 automotive lighting, control cable and lubricant?
Ans. Automotive lighting, control cable and lubricant are listed companies that supply lighting, gear shifters and plastic parts to vehicle makers, produce control cables and speedometer parts and sell engine oils and industrial lubricants. Their earnings depend on vehicle output, aftermarket sales and input costs. This list looks at three of them, Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.
Which automotive lighting, control cable and lubricant are covered in this list?
Ans. This list covers Lumax Auto Technologies, Suprajit Engineering and Gulf Oil Lubricants India. Based on the 28 October 2026 close, Lumax Auto Technologies traded at Rs 2,043.1, Suprajit Engineering at Rs 466.5 and Gulf Oil Lubricants India at Rs 1,073.7. Their return on equity ranges from 12.7% to 23.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 16.7% to 34.1%.
Why do automotive lighting, control cable and lubricant have a strong future roadmap in India?
Ans. Automotive lighting, control cable and lubricant have a strong roadmap in India because rising vehicle ownership, growing content per vehicle and a larger base of vehicles needing regular servicing keep widening the market for these auto parts and lubricant companies. The main drivers are as follows. Vehicle lighting. Newer models use more advanced lamps. Control cables. Two wheelers and cars need precise cables. Servicing demand. A larger vehicle base needs regular oil changes. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Lumax Auto Technologies performed financially?
Ans. Revenue rose from Rs 1,521 crore in FY22 to Rs 4,917 crore in FY26, a compound annual growth rate of 34.1%. Net profit grew from Rs 81.9 crore in FY22 to Rs 337 crore in FY26, which works out to a compound annual growth rate of 42.5%. In the June 2026 quarter, revenue grew 32.9% year on year to Rs 1,379 crore, while net profit rose 82.7% to Rs 98.6 crore. The company has a return on equity of 23.0%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 12,977 crore. The stock trades at a P/E of 34.0, below the industry P/E of 36.9. Looking ahead, the company is widening its product range and customer base, including electric vehicle programmes and new categories through joint ventures and acquisitions. Content per vehicle is rising as vehicles add more electronics and plastics, which helps its revenue per unit.
How has Suprajit Engineering performed financially?
Ans. Revenue rose from Rs 1,877 crore in FY22 to Rs 3,941 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 152 crore in FY23 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 6.3%. In the June 2026 quarter, revenue grew 19.1% year on year to Rs 1,074 crore, while net profit rose 8.6% to Rs 52.2 crore. The company has a return on equity of 12.7%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 6,286 crore. The stock trades at a P/E of 33.6, below the industry P/E of 36.1. Looking ahead, the company is widening its mix through lighting, electronics and aftermarket products while keeping its strong cable franchise. A global footprint supports orders from international vehicle makers.
How has Gulf Oil Lubricants India performed financially?
Ans. Revenue rose from Rs 2,236 crore in FY22 to Rs 4,154 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 211 crore in FY22 to Rs 345 crore in FY26, which works out to a compound annual growth rate of 13.1%. In the June 2026 quarter, revenue grew 30.3% year on year to Rs 1,354 crore, while net profit rose 27.0% to Rs 121 crore. The company has a return on equity of 22.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 5,199 crore. The stock trades at a P/E of 14.0, below the industry P/E of 33.2. Looking ahead, the company is growing in premium engine oils, commercial vehicle lubricants and electric vehicle fluids and is widening its retail and workshop reach. Its connection with a global lubricant brand supports product development.
What risks should investors check before buying automotive lighting, control cable and lubricant?
Ans. Investors should check a few risks before buying automotive lighting, control cable and lubricant. Production cycles. Vehicle output can vary with demand. Input costs. Metal and material prices can move margins. Competition. Rivals can influence pricing and market share. 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 automotive lighting, control cable and lubricant investment advice?
Ans. No. This article is educational and uses publicly available data as of the 28 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.
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