3 Chassis Part, Forging and Auto Glass Stocks With a Strong Future Roadmap: Belrise Industries, MM Forgings and Asahi India Glass

Chassis part, forging and auto glass stocks give investors exposure to parts, forgings and glass that go into two-wheelers, trucks, cars and buildings. Customer orders, plant utilisation and margins decide how much of that demand turns into profit.

This list covers three chassis part, forging and auto glass stocks: Belrise Industries for sheet metal, suspension and chassis parts for two-wheelers, three-wheelers and commercial vehicles, MM Forgings for forgings and machined components for commercial vehicles and industrial users and Asahi India Glass for automotive, float and building glass. Every figure comes from the latest reported financials and the 13 October 2026 market close. Companies without complete current figures were left out.

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What Are Chassis Part, Forging and Auto Glass Stocks?

Chassis part, forging and auto glass stocks are shares of companies that make chassis parts, forgings and glass. Results depend on customer orders, plant utilisation and margins, so plant utilisation and margins separate the stronger names.

Chassis Part, Forging and Auto Glass Stocks at a Glance

The table compares size, valuation, return on equity and debt for the three chassis part, forging and auto glass stocks as of the 13 Oct 2026 close.

Among auto and precision components stocks, Belrise and Asahi India Glass trade at a premium to the industry P/E, while MM Forgings trades at a discount.

Why Do Chassis Part, Forging and Auto Glass Stocks Have a Strong Roadmap in India?

Chassis part, forging and auto glass stocks have a strong roadmap in India because vehicle output, local sourcing by carmakers and construction keep adding orders for Indian component and glass makers. Three drivers stand out.

• Vehicle output: Makers keep sourcing chassis parts locally.
• Truck demand: Commercial vehicles need forged and machined parts.
• Glass demand: Vehicles and buildings use more glass.

Belrise Industries: Chassis and Suspension Parts Drive the Pipeline

Belrise's roadmap rests on sheet metal, suspension and chassis parts for two-wheelers, three-wheelers and commercial vehicles, with vehicle demand supporting volumes.

Revenue grew from Rs 5,410.68 crore in FY22 to Rs 9,618.86 crore in FY26, a 77.8% rise, and FY26 revenue was 15.2% higher than FY25. FY26 net profit rose 39.8% to Rs 496.86 crore. Over four years, net profit rose from Rs 261.85 crore in FY22 to Rs 496.86 crore. In Q1 FY27, revenue grew 11.9% to Rs 2,564.86 crore, and net profit rose 8.9% to Rs 121.67 crore. Operating margin was 13.23% in FY26.

Debt to equity is 0.29 and return on equity is 9.51%. FY26 operating cash flow was Rs 875.60 crore against capital expenditure of Rs 617.80 crore. Belrise paid a dividend of Rs 0.55 per share for FY26, a yield of 0.22%. At a P/E of 44.80 against an industry P/E of 37.01, the stock trades above its industry multiple.

What to watch: The P/E of 44.80 is a modest premium to the industry P/E of 37.01, so the next quarters' growth is the figure to follow.

MM Forgings: Forged Components Drive the Pipeline

MM Forgings' roadmap rests on forgings and machined components for commercial vehicles and industrial users, with the truck and bus cycle supporting volumes.

Revenue grew from Rs 1,153.86 crore in FY22 to Rs 1,605.49 crore in FY26, a 39.1% rise, and FY26 revenue was 3.7% higher than FY25. FY26 net profit was Rs 98.67 crore. In Q1 FY27, revenue grew 15.5% to Rs 426.76 crore. Operating margin was 18.63% in FY26.

Debt to equity is 1.10 and return on equity is 10.09%. FY26 operating cash flow was Rs 227.63 crore against capital expenditure of Rs 189.91 crore. MM Forgings paid a dividend of Rs 4 per share for FY26, a yield of 0.72%. At a P/E of 15.84 against an industry P/E of 51.73, the stock trades below its industry multiple.

What to watch: Debt to equity of 1.10 is on the higher side.

Asahi India Glass: Auto and Building Glass Build the Next Leg

Asahi India Glass' roadmap rests on automotive glass, float glass and building glass products, with vehicle production and construction demand supporting volumes.

Revenue grew from Rs 3,189.73 crore in FY22 to Rs 5,031.03 crore in FY26, a 57.7% rise, and FY26 revenue was 8.7% higher than FY25. FY26 net profit was Rs 345.06 crore. In Q1 FY27, revenue grew 14.5% to Rs 1,419.14 crore. Operating margin was 19.01% in FY26 and 23.73% in Q1 FY27 against 16.66% a year earlier.

Debt to equity is 0.56 and return on equity is 8.77%. FY26 operating cash flow was Rs 501.69 crore against capital expenditure of Rs 666.26 crore. At a P/E of 54.54 against an industry P/E of 37.21, the stock trades above its industry multiple.

What to watch: The P/E of 54.54 sits above the industry P/E of 37.21, so earnings delivery matters for the valuation.

Best Chassis Part, Forging and Auto Glass Stocks in India: Belrise vs MM Forgings vs Asahi India Glass on Key Financials

Among the best chassis part, forging and auto glass stocks in India, Belrise leads on FY26 revenue growth and the lowest debt to equity; MM Forgings leads on Q1 FY27 revenue growth and return on equity; Asahi India Glass leads on FY26 operating margin. The table puts the numbers side by side.

Component earnings follow customer orders, plant utilisation and margins, so full-year numbers and quarterly trends together give a better view.

How to Evaluate Chassis Part, Forging and Auto Glass Stocks to Buy Before You Invest

A short checklist keeps the research consistent when you screen chassis part, forging and auto glass stocks and shortlist chassis part, forging and auto glass stocks to buy.

1. Compare each stock's P/E with its industry P/E, which differs by company here.
2. Check operating margin, debt and customer mix together.
3. Check whether revenue growth is turning into profit growth, not only sales.
4. Read operating cash flow against capital expenditure to see how growth is funded.
5. Watch debt to equity and interest cover before sizing a position.
6. Spread exposure across companies and business lines instead of one demand cycle.

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Risks to Consider Before Investing in Chassis Part, Forging and Auto Glass Stocks

• Debt and cash flow: MM Forgings has debt to equity of 1.10.
• Customer concentration: A few large customers can drive a big share of orders.
• Cycle exposure: Vehicle demand cycles can affect volumes.
• Quarterly trends: A single weak quarter can change near-term earnings, so track results every quarter.

Download the Univest iOS App or Univest Android App to track Belrise, MM Forgings and Asahi India Glass live.

Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.

Final Take: Which Stock Has the Strongest Roadmap?

These three auto and precision components stocks cover chassis parts, forgings and glass products. Belrise leads on FY26 revenue growth and the lowest debt to equity; MM Forgings leads on Q1 FY27 revenue growth and return on equity; Asahi India Glass leads on FY26 operating margin.

Across chassis part, forging and auto glass 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 chassis part, forging and auto glass stocks to buy discussed here.

FAQs on Chassis Part, Forging and Auto Glass Stocks

Which are the best chassis part, forging and auto glass stocks in India with a strong roadmap?

Ans. Belrise Industries, MM Forgings and Asahi India Glass stand out for their roadmaps in chassis parts, forgings and glass products. FY26 revenue growth was 15.2% at Belrise, 3.7% at MM Forgings and 8.7% at Asahi India Glass, and return on equity ranges from 8.77% to 10.09%.

Is Belrise Industries a good stock to buy now?

Ans. Belrise Industries has a debt to equity ratio of 0.29, a return on equity of 9.51% and a P/E of 44.80 against an industry P/E of 37.01. Valuation, order flow and margins move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.

What is the P/E ratio of Belrise, MM Forgings and Asahi India Glass?

Ans. The P/E ratio is 44.80 for Belrise (industry 37.01), 15.84 for MM Forgings (industry 51.73) and 54.54 for Asahi India Glass (industry 37.21). Only Belrise and Asahi India Glass trade at or above the industry multiple.

Which of these chassis part, forging and auto glass stocks has the highest return on equity?

Ans. MM Forgings has the highest return on equity at 10.09%, followed by Belrise Industries at 9.51% and Asahi India Glass at 8.77%.

What are the risks of investing in chassis part, forging and auto glass stocks?

Ans. The main risks are debt and cash flow, customer concentration, cycle exposure and quarterly trends. MM Forgings has debt to equity of 1.10.

How did Belrise, MM Forgings and Asahi India Glass perform in Q1 FY27?

Ans. Belrise Industries reported revenue of Rs 2,564.86 crore, up 11.9% year on year, and net profit rose 8.9% to Rs 121.67 crore. MM Forgings reported revenue of Rs 426.76 crore, up 15.5% year on year. Asahi India Glass reported revenue of Rs 1,419.14 crore, up 14.5% year on year.

Do chassis part, forging and auto glass stocks pay dividends?

Ans. Belrise and MM Forgings pay dividends. The dividend yield is 0.22% for Belrise and 0.72% for MM Forgings, based on dividends declared for FY26.

How can I invest in chassis part, forging and auto glass stocks in India?

Ans. You can buy chassis part, forging and auto glass stocks through a demat and trading account on NSE or BSE after checking each company'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.