3 Precision Auto Component Stocks With a Strong Future Roadmap: Craftsman Automation, Happy Forgings and Endurance Technologies

Precision auto component stocks give investors exposure to makers of forged, cast and machined parts that go into engines, suspension and braking systems. Results depend on vehicle production, content per vehicle and operating margin, which is why customer mix matters as much as headline growth.

This list covers three powertrain component stocks: Craftsman Automation for powertrain parts, aluminium castings and industrial machinery components, Happy Forgings for forged and machined crankshafts and components for commercial vehicles and industry and Endurance Technologies for suspension, braking and casting parts for two-wheelers and cars. Every figure comes from the latest reported financials and the 6 October 2026 market close. Companies without complete current figures were left out.

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What Are Precision Auto Component Stocks?

Precision auto component stocks are shares of companies that make forged, cast and machined parts for vehicle makers and industry. Results depend on vehicle production cycles, content per vehicle, capacity use and operating margin, so long customer ties and efficient plants separate the stronger names.

Precision Auto Component Stocks at a Glance

The table compares size, valuation, return on equity and debt for the three precision auto component stocks as of the 6 October 2026 close.

Among powertrain component stocks, Endurance trades below the industry P/E, while Craftsman and Happy Forgings trade at a premium to the industry multiple.

Why Do Precision Auto Component Stocks Have a Strong Roadmap in India?

Precision auto component stocks have a strong roadmap in India because vehicle output is rising, vehicle makers prefer local suppliers and each vehicle carries more engineered content. Three drivers stand out.

• Rising vehicle output: Commercial vehicles, two-wheelers and cars all need more parts.
• Local sourcing: Vehicle makers favour dependable Indian suppliers.
• Higher content per vehicle: Better engines and braking systems raise the value of parts per vehicle.

Craftsman Automation: Powertrain Parts and Castings Anchor the Roadmap

Craftsman Automation's roadmap rests on powertrain parts, aluminium castings and industrial machinery components, with acquisitions and new capacity widening its base.

Revenue grew from Rs 2,224.42 crore in FY22 to Rs 8,130.63 crore in FY26, a 265.5% rise, and FY26 revenue was 42.3% higher than FY25. FY26 net profit rose 91.2% to Rs 383.99 crore. Over four years, net profit rose from Rs 163.09 crore in FY22 to Rs 383.99 crore. In Q1 FY27, revenue grew 37.2% to Rs 2,454.66 crore, and net profit rose 116.3% to Rs 150.55 crore. Operating margin was 15.95% in FY26 and 16.76% in Q1 FY27 against 14.68% a year earlier.

Debt to equity is 1.11 and return on equity is 11.76%. FY26 operating cash flow was Rs 521.68 crore against capital expenditure of Rs 1,188.36 crore. Craftsman paid a dividend of Rs 11.25 per share for FY26, a yield of 0.10%. At a P/E of 58.25 against an industry P/E of 36.86, the stock trades above its industry multiple.

What to watch: FY26 capex of Rs 1,188.36 Cr was above operating cash flow of Rs 521.68 Cr, and return on equity of 11.76% is modest. The P/E of 58.25 sits above the industry P/E of 36.86, so earnings delivery matters for the valuation; debt to equity of 1.11 deserves tracking.

Happy Forgings: Forged Crankshafts and New Capacity Drive the Pipeline

Happy Forgings' roadmap rests on forged and machined crankshafts and components for commercial vehicles and industry, with long customer relationships and added capacity supporting growth.

Revenue grew from Rs 866.11 crore in FY22 to Rs 1,577.15 crore in FY26, a 82.1% rise, and FY26 revenue was 9.0% higher than FY25. FY26 net profit rose 12.8% to Rs 301.63 crore. Over four years, net profit rose from Rs 142.29 crore in FY22 to Rs 301.63 crore. In Q1 FY27, revenue grew 26.5% to Rs 460.50 crore, and net profit rose 39.2% to Rs 91.46 crore. Operating margin was 32.43% in FY26 and 33.81% in Q1 FY27 against 31.51% a year earlier.

Debt to equity is 0.15 and return on equity is 14.17%. FY26 operating cash flow was Rs 444.67 crore against capital expenditure of Rs 461.26 crore. Happy Forgings paid a dividend of Rs 4 per share for FY26, a yield of 0.20%. At a P/E of 57.46 against an industry P/E of 50.82, the stock trades above its industry multiple.

What to watch: FY26 capex of Rs 461.26 Cr was above operating cash flow of Rs 444.67 Cr, and FY26 revenue growth was only 9.0%. The P/E of 57.46 sits above the industry P/E of 50.82, so earnings delivery matters for the valuation.

Endurance Technologies: Two-Wheeler Suspension and Braking Build the Next Leg

Endurance Technologies' roadmap rests on suspension, braking and casting parts for two-wheelers and cars, with its European business and new product lines adding to revenue.

Revenue grew from Rs 7,590.18 crore in FY22 to Rs 14,719.85 crore in FY26, a 93.9% rise, and FY26 revenue was 26.1% higher than FY25. FY26 net profit rose 13.8% to Rs 951.71 crore. Over four years, net profit rose from Rs 460.71 crore in FY22 to Rs 951.71 crore. In Q1 FY27, revenue grew 29.6% to Rs 4,348.28 crore, and net profit rose 8.0% to Rs 244.52 crore. Operating margin was 14.17% in FY26 and 13.19% in Q1 FY27 against 14.45% a year earlier.

Debt to equity is 0.19 and return on equity is 13.91%. FY26 operating cash flow was Rs 1,850.72 crore against capital expenditure of Rs 1,295.81 crore. Endurance paid a dividend of Rs 11.5 per share for FY26, a yield of 0.46%. At a P/E of 36.49 against an industry P/E of 36.86, the stock trades below its industry multiple.

What to watch: Return on equity of 13.91% is modest.

Best Precision Auto Component Stocks in India: Craftsman vs Happy Forgings vs Endurance on Key Financials

Among the best precision auto component stocks in India, Happy Forgings leads on FY26 operating margin and return on equity; Craftsman leads on Q1 FY27 revenue growth and five-year revenue growth; Endurance leads on the lowest P/E. The table puts the numbers side by side.

Component earnings follow vehicle production, so full-year numbers and quarterly trends together give a better view.

How to Evaluate Forged and Machined Auto Parts Stocks to Buy Before You Invest

A short checklist keeps the research consistent when you screen precision auto component stocks and shortlist forged and machined auto parts stocks to buy.

1. Compare each stock's P/E with its industry P/E, which differs by stock.
2. Track operating margin across several quarters, because input costs can move faster than prices.
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 Precision Auto Component Stocks

• Vehicle cycle: Production cuts at vehicle makers reduce component orders.
• Capex: Craftsman's FY26 capex was more than double its operating cash flow.
• Valuation: Craftsman and Happy Forgings trade above their industry multiples of 36.86 and 50.82 respectively.
• Debt: Craftsman has debt to equity of 1.11.

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Final Take: Which Stock Has the Strongest Roadmap?

These three forged and machined auto parts stocks cover powertrain and casting parts, forged crankshafts, and suspension and braking systems. Happy Forgings leads on FY26 operating margin and return on equity; Craftsman leads on Q1 FY27 revenue growth and five-year revenue growth; Endurance leads on the lowest P/E.

Across powertrain component 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 forged and machined auto parts stocks to buy discussed here.

FAQs on Precision Auto Component Stocks

Which are the best precision auto component stocks in India with a strong roadmap?

Ans. Craftsman Automation, Happy Forgings and Endurance Technologies stand out for their roadmaps in forged, cast and machined auto parts. FY26 revenue growth was 42.3% at Craftsman, 9.0% at Happy Forgings and 26.1% at Endurance, and return on equity ranges from 11.76% to 14.17%.

Is Craftsman Automation a good stock to buy now?

Ans. Craftsman Automation has a debt to equity ratio of 1.11, a return on equity of 11.76% and a P/E of 58.25 against an industry P/E of 36.86. The vehicle cycle, capex and valuation move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.

What is the P/E ratio of Craftsman, Happy Forgings and Endurance?

Ans. The P/E ratio is 58.25 for Craftsman (industry 36.86), 57.46 for Happy Forgings (industry 50.82) and 36.49 for Endurance (industry 36.86). Only Craftsman and Happy Forgings trade at or above the industry multiple.

Which of these precision auto component stocks has the highest return on equity?

Ans. Happy Forgings has the highest return on equity at 14.17%, followed by Endurance Technologies at 13.91% and Craftsman Automation at 11.76%.

What are the risks of investing in precision auto component stocks?

Ans. The main risks are vehicle production cycles, heavy capex, high valuations and debt at one company. Craftsman trades at 58.25 times earnings against an industry multiple of 36.86 and has debt to equity of 1.11.

How did Craftsman, Happy Forgings and Endurance perform in Q1 FY27?

Ans. Craftsman Automation reported revenue of Rs 2,454.66 crore, up 37.2% year on year, and net profit rose 116.3% to Rs 150.55 crore. Happy Forgings reported revenue of Rs 460.50 crore, up 26.5% year on year, and net profit rose 39.2% to Rs 91.46 crore. Endurance Technologies reported revenue of Rs 4,348.28 crore, up 29.6% year on year, and net profit rose 8.0% to Rs 244.52 crore.

Do precision auto component stocks pay dividends?

Ans. Yes, all three companies pay dividends. The dividend yield is 0.10% for Craftsman, 0.20% for Happy Forgings and 0.46% for Endurance, based on dividends declared for FY26.

How can I invest in precision auto component stocks in India?

Ans. You can buy precision auto component 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.