3 Powertrain and Aluminium Products Maker, Automotive Lighting Supplier and Sheet Metal and Electric Bus Manufacturer Stocks With a Strong Future Roadmap: Craftsman Automation, Lumax Industries and JBM Auto

Powertrain, lighting and electric bus stocks let investors follow companies that serve a growing part of the Indian economy. Craftsman Automation, Lumax Industries and JBM Auto cover a powertrain and aluminium products maker, an automotive lighting supplier and a sheet metal and electric bus manufacturer.

This list covers three powertrain, lighting and electric bus stocks with complete current figures: Craftsman Automation, Lumax Industries and JBM Auto. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.

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What Are Powertrain, Lighting and Electric Bus Stocks?

Powertrain, lighting and electric bus stocks are listed auto and engineering companies that make powertrain parts, vehicle lighting, sheet metal components and buses. Their earnings depend on vehicle production, new programmes, commodity costs and government bus orders.

Powertrain, Lighting and Electric Bus Stocks at a Glance

On valuation, Lumax Industries trades at a P/E below the industry P/E, while Craftsman Automation and JBM Auto trade above it, which reflects the growth the market already expects. Readers comparing powertrain, lighting and electric bus stocks 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 powertrain, lighting and electric bus stocks can use the coming numbers to test whether growth is holding.

Why Do Powertrain, Lighting and Electric Bus Stocks Have a Strong Roadmap in India?

Powertrain, lighting and electric bus stocks have a strong roadmap in India because rising vehicle output, new lighting and electric vehicle programmes and public transport upgrades keep widening the market for Indian engineering firms.

• Vehicle output. Higher production lifts component orders.
• New programmes. Fresh vehicle platforms bring new contracts.
• Electric buses. City fleets move toward cleaner transport.

Why Craftsman Automation Features Among These Powertrain, Lighting and Electric Bus Stocks

Among the powertrain, lighting and electric bus stocks 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.

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.

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.

Why Lumax Industries Features Among These Powertrain, Lighting and Electric Bus Stocks

Among the auto component and electric bus shares on this list, Lumax Industries makes automotive lighting systems such as headlamps and tail lamps for passenger cars, two-wheelers and commercial vehicles.

In the June 2026 quarter, revenue grew 32.6% year on year to Rs 1,227 crore, while net profit rose 41.1% to Rs 51.1 crore. Revenue rose from Rs 1,765 crore in FY22 to Rs 4,191 crore in FY26, a compound annual growth rate of 24.1%.

Net profit grew from Rs 40.7 crore in FY22 to Rs 172 crore in FY26, which works out to a compound annual growth rate of 43.5%. The company has a return on equity of 18.8%, a debt to equity ratio of 1.06 and a market capitalisation of Rs 5,073 crore. The stock trades at a P/E of 27.1, below the industry P/E of 36.9.

Roadmap: The shift to LED and advanced lighting raises the value of each vehicle's lighting set. Lumax is adding new programmes with its customers and is investing in technology tie-ups to stay close to design changes.

What to watch: Track new vehicle launches and the pace at which LED content is added.

Why JBM Auto Features Among These Powertrain, Lighting and Electric Bus Stocks

Among the three companies 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.

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.

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.

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.

Craftsman Automation vs Lumax Industries vs JBM Auto on Key Financials

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

Lumax Industries posts the highest return on equity in this group at 18.8%. 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 powertrain, lighting and electric bus 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 Powertrain, Lighting and Electric Bus Stocks

Every theme carries risks that deserve a check before any decision. For these powertrain, lighting and electric bus stocks, the main points are: Long-term auto component and electric bus 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.
• 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 powertrain, lighting and electric bus stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Powertrain, Lighting and Electric Bus Stocks

Powertrain, lighting and electric bus stocks reward investors who follow demand trends, order books and margins together. Craftsman Automation, Lumax Industries and JBM Auto each have a clear plan to grow. Based on the 27 October 2026 close, Craftsman Automation trades at Rs 11,011, Lumax Industries at Rs 5,051 and JBM Auto at Rs 483.85. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these powertrain, lighting and electric bus stocks to a watchlist.

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What are powertrain, lighting and electric bus stocks?

Ans. Powertrain, lighting and electric bus stocks are listed auto and engineering companies that make powertrain parts, vehicle lighting, sheet metal components and buses. Their earnings depend on vehicle production, new programmes, commodity costs and government bus orders. This list looks at three of them, Craftsman Automation, Lumax Industries and JBM Auto, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.

Which powertrain, lighting and electric bus stocks are covered in this list?

Ans. This list covers Craftsman Automation, Lumax Industries and JBM Auto. Based on the 27 October 2026 close, Craftsman Automation traded at Rs 11,011, Lumax Industries at Rs 5,051 and JBM Auto at Rs 483.85. Their return on equity ranges from 11.8% to 18.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 18.0% to 38.3%.

Why do powertrain, lighting and electric bus stocks have a strong future roadmap in India?

Ans. Powertrain, lighting and electric bus stocks have a strong roadmap in India because rising vehicle output, new lighting and electric vehicle programmes and public transport upgrades keep widening the market for Indian engineering firms. The main drivers are as follows. Vehicle output. Higher production lifts component orders. New programmes. Fresh vehicle platforms bring new contracts. Electric buses. City fleets move toward cleaner transport. Together these factors give the companies on this list a visible path for growth over the coming years.

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.

How has Lumax Industries performed financially?

Ans. Revenue rose from Rs 1,765 crore in FY22 to Rs 4,191 crore in FY26, a compound annual growth rate of 24.1%. Net profit grew from Rs 40.7 crore in FY22 to Rs 172 crore in FY26, which works out to a compound annual growth rate of 43.5%. In the June 2026 quarter, revenue grew 32.6% year on year to Rs 1,227 crore, while net profit rose 41.1% to Rs 51.1 crore. The company has a return on equity of 18.8%, a debt to equity ratio of 1.06 and a market capitalisation of Rs 5,073 crore. The stock trades at a P/E of 27.1, below the industry P/E of 36.9. Looking ahead, the shift to LED and advanced lighting raises the value of each vehicle's lighting set. Lumax is adding new programmes with its customers and is investing in technology tie-ups to stay close to design changes.

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.

What risks should investors check before buying powertrain, lighting and electric bus stocks?

Ans. Investors should check a few risks before buying powertrain, lighting and electric bus stocks. Production cycles. Vehicle output can vary with demand. Input costs. Metal and material prices can move 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 powertrain, lighting and electric bus stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 27 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.