
3 Instrument Clusters Specialist, Buses and Sheet Metal Components Maker and Tyre Producer Stocks With a Strong Future Roadmap: Pricol, JBM Auto and CEAT
Pricol, JBM Auto and CEAT: ROE of 11.5% to 20.0% and FY22 to FY26 revenue CAGR of 13.8% to 27.1%. Prices as of 23 Oct 2026.
Updated: 26 Oct 2026 • 4:44 pm
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Quick Answer
The three instrument cluster, bus and tyre stocks to watch are Pricol, JBM Auto and CEAT. Their return on equity ranges from 11.5% to 20.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.8% to 27.1%. Pricol leads on both return on equity at 20.0% and revenue growth at 27.1% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Instrument cluster, bus and tyre stocks let investors follow companies that serve a growing part of the Indian economy. Pricol, JBM Auto and CEAT cover an instrument clusters specialist, a buses and sheet metal components maker and a tyre producer.
This list covers three instrument cluster, bus and tyre stocks with complete current figures: Pricol, JBM Auto and CEAT. 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 Instrument Cluster, Bus and Tyre Stocks?
Instrument cluster, bus and tyre stocks are listed auto companies that make dashboards and sensors, buses and body parts, and tyres for every vehicle type. Their earnings depend on vehicle output, bus orders, replacement tyre demand and input costs.
Instrument Cluster, Bus and Tyre Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Pricol | 630.05 | 8,072 | 30.1 | 36.9 | 20.0 | 0.30 |
| JBM Auto | 487.15 | 12,533 | 51.5 | 36.9 | 14.2 | 1.97 |
| CEAT | 3,060.2 | 12,385 | 24.0 | 19.2 | 11.5 | 0.82 |
On valuation, Pricol trades at a P/E below the industry P/E, while JBM Auto and CEAT trade above it, which reflects the growth the market already expects. Readers comparing instrument cluster, bus and tyre stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Instrument Cluster, Bus and Tyre Stocks Have a Strong Roadmap in India?
Instrument cluster, bus and tyre stocks have a strong roadmap in India because digital dashboards, electric bus programmes and a growing vehicle fleet keep lifting demand for parts and tyres.
- Digital dashboards. Newer vehicles carry richer displays and sensors.
- Electric buses. City fleets add new bus orders.
- Replacement tyres. A larger fleet needs regular tyre changes.
Why Pricol Features Among These Instrument Cluster, Bus and Tyre Stocks
Among the instrument cluster, bus and tyre stocks on this list, Pricol, based in Coimbatore, makes instrument clusters, driver information systems, sensors and pumps for two-wheelers, commercial vehicles and off-highway vehicles.
Revenue rose from Rs 1,554 crore in FY22 to Rs 4,052 crore in FY26, a compound annual growth rate of 27.1%. Net profit grew from Rs 51.1 crore in FY22 to Rs 251 crore in FY26, which works out to a compound annual growth rate of 48.8%.
In the June 2026 quarter, revenue grew 23.4% year on year to Rs 1,108 crore, while net profit rose 34.3% to Rs 67.0 crore. The company has a return on equity of 20.0%, a debt to equity ratio of 0.30 and a market capitalisation of Rs 8,072 crore. The stock trades at a P/E of 30.1, below the industry P/E of 36.9.
Roadmap: Digital clusters and connected vehicle systems carry higher value per vehicle than the analogue gauges they replace. Pricol is also expanding into electric vehicle components and exports, and widening its non-auto business to reduce cyclicality.
What to watch: Track the shift to digital clusters and the progress of new product ramp-ups.
Why JBM Auto Features Among These Instrument Cluster, Bus and Tyre Stocks
Among the digital dashboard company shares on this list, JBM Auto makes sheet metal components, tooling, and buses, and is a significant supplier of electric buses and sheet metal parts to leading vehicle makers.
In the June 2026 quarter, revenue grew 13.9% year on year to Rs 1,474 crore, while net profit rose 13.4% to Rs 44.3 crore. Revenue rose from Rs 3,214 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 18.0%.
Net profit grew from Rs 156 crore in FY22 to Rs 238 crore in FY26, which works out to a compound annual growth rate of 11.1%. The company has a return on equity of 14.2%, a debt to equity ratio of 1.97 and a market capitalisation of Rs 12,533 crore. The stock trades at a P/E of 51.5, above the industry P/E of 36.9.
Roadmap: The company has secured large orders for electric buses under city transport programmes and supplies body and chassis components to passenger vehicle and commercial vehicle makers. Its manufacturing scale supports growth in both businesses.
What to watch: Track electric bus deliveries and the progress of orders under city bus programmes.
Why CEAT Features Among These Instrument Cluster, Bus and Tyre Stocks
Among the three companies on this list, CEAT is an RPG Group tyre maker that supplies two-wheeler, passenger car, commercial vehicle, farm and off-highway tyres to vehicle makers, the replacement market and export customers.
The company has a return on equity of 11.5%, a debt to equity ratio of 0.82 and a market capitalisation of Rs 12,385 crore. The stock trades at a P/E of 24.0, above the industry P/E of 19.2.
Revenue rose from Rs 9,375 crore in FY22 to Rs 15,718 crore in FY26, a compound annual growth rate of 13.8%. Net profit grew from Rs 182 crore in FY23 to Rs 697 crore in FY26, which works out to a compound annual growth rate of 56.4%.
Roadmap: The company is widening its premium and radial tyre range and growing its dealer network, which helps it capture the shift to better tyres. A balanced mix of original equipment and replacement sales supports steady demand.
What to watch: Track replacement demand, raw material costs and growth in the premium two-wheeler and passenger tyre ranges.
Pricol vs JBM Auto vs CEAT on Key Financials
The table below sets the three instrument cluster, bus and tyre stocks 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 |
|---|---|---|---|---|---|
| Pricol | 1,554 | 4,052 | 27.1% | 251 | 6.2% |
| JBM Auto | 3,214 | 6,227 | 18.0% | 238 | 3.8% |
| CEAT | 9,375 | 15,718 | 13.8% | 697 | 4.4% |
Pricol posts the highest return on equity in this group at 20.0%. CEAT has the largest FY26 revenue at Rs 15,718 crore, and Pricol shows the fastest revenue growth with a 27.1% compound annual rate. A useful habit with instrument cluster, bus and tyre stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Instrument Cluster, Bus and Tyre Stocks
Every theme carries risks that deserve a check before any decision. For these instrument cluster, bus and tyre stocks, the main points are:
- Vehicle cycles. Component orders follow vehicle production.
- Input costs. Rubber and metal prices affect 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 instrument cluster, bus and tyre stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Instrument Cluster, Bus and Tyre Stocks
Instrument cluster, bus and tyre stocks reward investors who follow demand trends, order books and margins together. Pricol, JBM Auto and CEAT each have a clear plan to grow. Based on the 23 October 2026 close, Pricol trades at Rs 630.05, JBM Auto at Rs 487.15 and CEAT at Rs 3,060.2.
Download the Univest iOS App or Univest Android App to track instrument cluster, bus and tyre stocks, 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 instrument cluster, bus and tyre stocks?
Ans. Instrument cluster, bus and tyre stocks are listed auto companies that make dashboards and sensors, buses and body parts, and tyres for every vehicle type. Their earnings depend on vehicle output, bus orders, replacement tyre demand and input costs. This list looks at three of them, Pricol, JBM Auto and CEAT, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which instrument cluster, bus and tyre stocks are covered in this list?
Ans. This list covers Pricol, JBM Auto and CEAT. Based on the 23 October 2026 close, Pricol traded at Rs 630.05, JBM Auto at Rs 487.15 and CEAT at Rs 3,060.2. Their return on equity ranges from 11.5% to 20.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.8% to 27.1%.
Why do instrument cluster, bus and tyre stocks have a strong future roadmap in India?
Ans. Instrument cluster, bus and tyre stocks have a strong roadmap in India because digital dashboards, electric bus programmes and a growing vehicle fleet keep lifting demand for parts and tyres. The main drivers are as follows. Digital dashboards. Newer vehicles carry richer displays and sensors. Electric buses. City fleets add new bus orders. Replacement tyres. A larger fleet needs regular tyre changes. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Pricol performed financially?
Ans. Revenue rose from Rs 1,554 crore in FY22 to Rs 4,052 crore in FY26, a compound annual growth rate of 27.1%. Net profit grew from Rs 51.1 crore in FY22 to Rs 251 crore in FY26, which works out to a compound annual growth rate of 48.8%. In the June 2026 quarter, revenue grew 23.4% year on year to Rs 1,108 crore, while net profit rose 34.3% to Rs 67.0 crore. The company has a return on equity of 20.0%, a debt to equity ratio of 0.30 and a market capitalisation of Rs 8,072 crore. The stock trades at a P/E of 30.1, below the industry P/E of 36.9. Looking ahead, digital clusters and connected vehicle systems carry higher value per vehicle than the analogue gauges they replace. Pricol is also expanding into electric vehicle components and exports, and widening its non-auto business to reduce cyclicality.
How has JBM Auto performed financially?
Ans. Revenue rose from Rs 3,214 crore in FY22 to Rs 6,227 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 156 crore in FY22 to Rs 238 crore in FY26, which works out to a compound annual growth rate of 11.1%. In the June 2026 quarter, revenue grew 13.9% year on year to Rs 1,474 crore, while net profit rose 13.4% to Rs 44.3 crore. The company has a return on equity of 14.2%, a debt to equity ratio of 1.97 and a market capitalisation of Rs 12,533 crore. The stock trades at a P/E of 51.5, above the industry P/E of 36.9. Looking ahead, the company has secured large orders for electric buses under city transport programmes and supplies body and chassis components to passenger vehicle and commercial vehicle makers. Its manufacturing scale supports growth in both businesses.
How has CEAT performed financially?
Ans. Revenue rose from Rs 9,375 crore in FY22 to Rs 15,718 crore in FY26, a compound annual growth rate of 13.8%. Net profit grew from Rs 182 crore in FY23 to Rs 697 crore in FY26, which works out to a compound annual growth rate of 56.4%. The company has a return on equity of 11.5%, a debt to equity ratio of 0.82 and a market capitalisation of Rs 12,385 crore. The stock trades at a P/E of 24.0, above the industry P/E of 19.2. Looking ahead, the company is widening its premium and radial tyre range and growing its dealer network, which helps it capture the shift to better tyres. A balanced mix of original equipment and replacement sales supports steady demand.
What risks should investors check before buying instrument cluster, bus and tyre stocks?
Ans. Investors should check a few risks before buying instrument cluster, bus and tyre stocks. Vehicle cycles. Component orders follow vehicle production. Input costs. Rubber and metal prices affect 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 instrument cluster, bus and tyre 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.
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