3 Safety Systems and Locks Supplier, Steel Wheels Producer and Electric Buses and Sheet Metal Maker Stocks With a Strong Future Roadmap: Sandhar Technologies, Wheels India and JBM Auto

Auto lock, wheel and electric bus stocks let investors follow companies that serve a growing part of the Indian economy. Sandhar Technologies, Wheels India and JBM Auto cover a safety systems and locks supplier, a steel wheels producer and an electric buses and sheet metal maker.

This list covers three auto lock, wheel and electric bus stocks with complete current figures: Sandhar Technologies, Wheels India and JBM Auto. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.

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What Are Auto Lock, Wheel and Electric Bus Stocks?

Auto lock, wheel and electric bus stocks are listed auto companies that supply locks, wheels, sheet metal parts and buses to vehicle brands and city fleets. Their earnings depend on vehicle output, bus orders, content per vehicle and input costs.

Auto Lock, Wheel and Electric Bus Stocks at a Glance

On valuation, Sandhar Technologies trades at a P/E below the industry P/E, while Wheels India and JBM Auto trade above it, which reflects the growth the market already expects. Readers comparing auto lock, wheel 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 auto lock, wheel and electric bus stocks can use the coming numbers to test whether growth is holding.

Why Do Auto Lock, Wheel and Electric Bus Stocks Have a Strong Roadmap in India?

Auto lock, wheel and electric bus stocks have a strong roadmap in India because rising vehicle output, electric bus programmes and stricter safety rules keep lifting orders for suppliers.

• Safety content. Better locks and mirrors raise content per vehicle.
• Freight growth. Trucks and tractors need steel wheels.
• Electric buses. City fleets add new bus orders.

Why Sandhar Technologies Features Among These Auto Lock, Wheel and Electric Bus Stocks

Among the auto lock, wheel and electric bus stocks on this list, Sandhar Technologies supplies safety systems, locks, mirrors, wheels, aluminium die castings and sheet metal parts to two-wheeler, commercial vehicle and passenger vehicle makers.

In the June 2026 quarter, revenue grew 25.6% year on year to Rs 1,394 crore, while net profit rose 33.1% to Rs 37.3 crore. Revenue rose from Rs 2,331 crore in FY22 to Rs 4,927 crore in FY26, a compound annual growth rate of 20.6%.

Net profit grew from Rs 55.9 crore in FY22 to Rs 199 crore in FY26, which works out to a compound annual growth rate of 37.3%. The company has a return on equity of 14.9%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 3,135 crore. The stock trades at a P/E of 15.1, below the industry P/E of 36.9.

Roadmap: The company supplies leading vehicle makers and has been growing its content per vehicle through new product lines. It has also expanded in aluminium die casting and in electronics and mechatronics.

What to watch: Watch new product ramp-ups and growth in the electric two-wheeler segment.

Why Wheels India Features Among These Auto Lock, Wheel and Electric Bus Stocks

Among the locks and mirrors supplier shares on this list, Wheels India, based in Chennai, manufactures steel wheels for commercial vehicles, tractors and off-highway machines, and is part of the Amalgamations group.

The company has a return on equity of 14.9%, a debt to equity ratio of 0.74 and a market capitalisation of Rs 6,549 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.9.

Revenue rose from Rs 3,979 crore in FY22 to Rs 5,488 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 74.2 crore in FY22 to Rs 158 crore in FY26, which works out to a compound annual growth rate of 20.8%. In the June 2026 quarter, revenue grew 17.7% year on year to Rs 1,493 crore, while net profit rose 27.3% to Rs 38.9 crore.

Roadmap: Demand from trucks, tractors and construction equipment, along with exports and a growing aftermarket, supports its volumes. The company is also working on lighter wheels and new products for farm and construction machines.

What to watch: Follow farm and construction equipment demand and steel prices.

Why JBM Auto Features Among These Auto Lock, Wheel 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.

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.

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.

Sandhar Technologies vs Wheels India vs JBM Auto on Key Financials

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

Sandhar Technologies posts the highest return on equity in this group at 14.9%. JBM Auto has the largest FY26 revenue at Rs 6,227 crore, and Sandhar Technologies shows the fastest revenue growth with a 20.6% compound annual rate. A useful habit with auto lock, wheel 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 Auto Lock, Wheel and Electric Bus Stocks

Every theme carries risks that deserve a check before any decision. For these auto lock, wheel and electric bus stocks, the main points are: Long-term locks and mirrors supplier shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

• Vehicle cycles. Component orders follow vehicle production.
• Input costs. Steel and aluminium 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 auto lock, wheel and electric bus stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Auto Lock, Wheel and Electric Bus Stocks

Auto lock, wheel and electric bus stocks reward investors who follow demand trends, order books and margins together. Sandhar Technologies, Wheels India and JBM Auto each have a clear plan to expand. Based on the 26 October 2026 close, Sandhar Technologies trades at Rs 475.5, Wheels India at Rs 2,205.7 and JBM Auto at Rs 485.1. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these auto lock, wheel and electric bus stocks to a watchlist.

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What are auto lock, wheel and electric bus stocks?

Ans. Auto lock, wheel and electric bus stocks are listed auto companies that supply locks, wheels, sheet metal parts and buses to vehicle brands and city fleets. Their earnings depend on vehicle output, bus orders, content per vehicle and input costs. This list looks at three of them, Sandhar Technologies, Wheels India and JBM Auto, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.

Which auto lock, wheel and electric bus stocks are covered in this list?

Ans. This list covers Sandhar Technologies, Wheels India and JBM Auto. Based on the 26 October 2026 close, Sandhar Technologies traded at Rs 475.5, Wheels India at Rs 2,205.7 and JBM Auto at Rs 485.1. Their return on equity ranges from 14.2% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.4% to 20.6%.

Why do auto lock, wheel and electric bus stocks have a strong future roadmap in India?

Ans. Auto lock, wheel and electric bus stocks have a strong roadmap in India because rising vehicle output, electric bus programmes and stricter safety rules keep lifting orders for suppliers. The main drivers are as follows. Safety content. Better locks and mirrors raise content per vehicle. Freight growth. Trucks and tractors need steel wheels. Electric buses. City fleets add new bus orders. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Sandhar Technologies performed financially?

Ans. Revenue rose from Rs 2,331 crore in FY22 to Rs 4,927 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 55.9 crore in FY22 to Rs 199 crore in FY26, which works out to a compound annual growth rate of 37.3%. In the June 2026 quarter, revenue grew 25.6% year on year to Rs 1,394 crore, while net profit rose 33.1% to Rs 37.3 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.86 and a market capitalisation of Rs 3,135 crore. The stock trades at a P/E of 15.1, below the industry P/E of 36.9. Looking ahead, the company supplies leading vehicle makers and has been growing its content per vehicle through new product lines. It has also expanded in aluminium die casting and in electronics and mechatronics.

How has Wheels India performed financially?

Ans. Revenue rose from Rs 3,979 crore in FY22 to Rs 5,488 crore in FY26, a compound annual growth rate of 8.4%. Net profit grew from Rs 74.2 crore in FY22 to Rs 158 crore in FY26, which works out to a compound annual growth rate of 20.8%. In the June 2026 quarter, revenue grew 17.7% year on year to Rs 1,493 crore, while net profit rose 27.3% to Rs 38.9 crore. The company has a return on equity of 14.9%, a debt to equity ratio of 0.74 and a market capitalisation of Rs 6,549 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.9. Looking ahead, demand from trucks, tractors and construction equipment, along with exports and a growing aftermarket, supports its volumes. The company is also working on lighter wheels and new products for farm and construction machines.

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 auto lock, wheel and electric bus stocks?

Ans. Investors should check a few risks before buying auto lock, wheel and electric bus stocks. Vehicle cycles. Component orders follow vehicle production. Input costs. Steel and aluminium 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 auto lock, wheel and electric bus stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 26 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.