3 Brake Components and Wheel Assemblies Maker, Vehicle Thermal Systems Specialist and Powertrain Components Producer Stocks With a Strong Future Roadmap: ASK Automotive, Subros and Craftsman Automation

Brake, thermal and powertrain component stocks let investors follow companies that serve a growing part of the Indian economy. ASK Automotive, Subros and Craftsman Automation cover a brake components and wheel assemblies maker, a vehicle thermal systems specialist and a powertrain components producer.

This list covers three brake, thermal and powertrain component stocks with complete current figures: ASK Automotive, Subros and Craftsman Automation. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.

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What Are Brake, Thermal and Powertrain Component Stocks?

Brake, thermal and powertrain component stocks are listed auto suppliers that make brake parts, vehicle air conditioning systems and engine and powertrain components. Their earnings depend on vehicle output, new programme wins and export orders.

Brake, Thermal and Powertrain Component Stocks at a Glance

On valuation, ASK Automotive and Subros trade at a P/E below the industry P/E, while Craftsman Automation trades above it, which reflects the growth the market already expects. Readers comparing brake, thermal and powertrain component stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Brake, Thermal and Powertrain Component Stocks Have a Strong Roadmap in India?

Brake, thermal and powertrain component stocks have a strong roadmap in India because rising vehicle output, growing use of air conditioning and light-weight parts, and new programme wins keep lifting demand for engineered components.

• Two-wheeler brakes. High two-wheeler volumes support steady demand.
• Vehicle cooling. More vehicles ship with air conditioning.
• Powertrain parts. Engineering skills win multi-year programmes.

Why ASK Automotive Features Among These Brake, Thermal and Powertrain Component Stocks

Among the brake, thermal and powertrain component stocks 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.

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.

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 Subros Features Among These Brake, Thermal and Powertrain Component Stocks

Among the auto parts maker shares on this list, Subros is a Noida-based maker of automotive air conditioning and thermal systems such as compressors, condensers and evaporators for passenger and commercial vehicles.

In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%.

Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1.

Roadmap: The company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.

What to watch: Follow content per vehicle, electric vehicle thermal orders and new customer additions.

Why Craftsman Automation Features Among These Brake, Thermal and Powertrain Component Stocks

Among the three companies 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.

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.

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.

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.

ASK Automotive vs Subros vs Craftsman Automation on Key Financials

The table below sets the three brake, thermal and powertrain component stocks side by side on revenue, profit and margin, using reported figures.

ASK Automotive posts the highest return on equity in this group at 22.7%. Craftsman Automation combines the largest FY26 revenue at Rs 8,131 crore with the fastest revenue growth, a 38.3% compound annual rate. A useful habit with brake, thermal and powertrain component 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 Brake, Thermal and Powertrain Component Stocks

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

• Auto cycle. Vehicle demand can slow with interest rates or fuel prices.
• Input costs. Aluminium and steel prices influence 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 brake, thermal and powertrain component stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Brake, Thermal and Powertrain Component Stocks

Brake, thermal and powertrain component stocks reward investors who follow demand trends, order books and margins together. ASK Automotive, Subros and Craftsman Automation each have a clear plan to expand. Based on the 23 October 2026 close, ASK Automotive trades at Rs 550.75, Subros at Rs 588.1 and Craftsman Automation at Rs 10,488. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these brake, thermal and powertrain component stocks to a watchlist.

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What are brake, thermal and powertrain component stocks?

Ans. Brake, thermal and powertrain component stocks are listed auto suppliers that make brake parts, vehicle air conditioning systems and engine and powertrain components. Their earnings depend on vehicle output, new programme wins and export orders. This list looks at three of them, ASK Automotive, Subros and Craftsman Automation, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which brake, thermal and powertrain component stocks are covered in this list?

Ans. This list covers ASK Automotive, Subros and Craftsman Automation. Based on the 23 October 2026 close, ASK Automotive traded at Rs 550.75, Subros at Rs 588.1 and Craftsman Automation at Rs 10,488. Their return on equity ranges from 11.8% to 22.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.0% to 38.3%.

Why do brake, thermal and powertrain component stocks have a strong future roadmap in India?

Ans. Brake, thermal and powertrain component stocks have a strong roadmap in India because rising vehicle output, growing use of air conditioning and light-weight parts, and new programme wins keep lifting demand for engineered components. The main drivers are as follows. Two-wheeler brakes. High two-wheeler volumes support steady demand. Vehicle cooling. More vehicles ship with air conditioning. Powertrain parts. Engineering skills win multi-year programmes. Together these factors give the companies on this list a visible path for growth over the coming years.

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 Subros performed financially?

Ans. Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1. Looking ahead, the company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady 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.

What risks should investors check before buying brake, thermal and powertrain component stocks?

Ans. Investors should check a few risks before buying brake, thermal and powertrain component stocks. Auto cycle. Vehicle demand can slow with interest rates or fuel prices. Input costs. Aluminium and steel prices influence 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 brake, thermal and powertrain component stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 23 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.