
3 Suspension and Brake Systems Maker, Two-Wheeler Lighting Specialist and Automotive Cables Manufacturer Stocks With a Strong Future Roadmap: Endurance Technologies, Fiem Industries and Suprajit Engineering
Endurance Technologies, Fiem Industries and Suprajit Engineering: ROE of 12.7% to 21.0% and FY22 to FY26 revenue CAGR of 15.8% to 20.4%. Prices as of 27 Oct 2026.
Updated: 28 Oct 2026 • 12:37 pm
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Quick Answer
The three two wheeler component supplier stocks to watch are Endurance Technologies, Fiem Industries and Suprajit Engineering. Their return on equity ranges from 12.7% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.8% to 20.4%. Fiem Industries has the highest return on equity at 21.0%, while Suprajit Engineering has the fastest revenue growth at 20.4% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Two wheeler component supplier stocks give investors a way to track businesses that sit close to everyday demand in India. Endurance Technologies, Fiem Industries and Suprajit Engineering cover a suspension and brake systems maker, a two-wheeler lighting specialist and an automotive cables manufacturer.
This list covers three two wheeler component supplier stocks with complete current figures: Endurance Technologies, Fiem Industries and Suprajit Engineering. 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 Two Wheeler Component Supplier Stocks?
Two wheeler component supplier stocks are listed auto component companies that make suspension, brakes, lighting and control cables for two-wheelers, cars and commercial vehicles. Their earnings depend on vehicle production, content per vehicle, commodity costs and export demand.
Two Wheeler Component Supplier Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Endurance Technologies | 2,278.3 | 33,317 | 34.4 | 36.9 | 13.9 | 0.19 |
| Fiem Industries | 1,699.9 | 4,790 | 18.2 | 36.9 | 21.0 | 0.05 |
| Suprajit Engineering | 476.65 | 6,286 | 33.6 | 36.1 | 12.7 | 0.69 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing two wheeler component supplier stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Two Wheeler Component Supplier Stocks Have a Strong Roadmap in India?
Two wheeler component supplier stocks have a strong roadmap in India because strong two-wheeler demand, premium features and rising exports keep widening the market for Indian component makers.
- Two-wheeler demand. Rising incomes lift motorcycle and scooter sales.
- Premium content. Better brakes and lighting raise value per vehicle.
- Exports. Overseas customers add new orders.
Why Endurance Technologies Features Among These Two Wheeler Component Supplier Stocks
Among the two wheeler component supplier stocks on this list, Endurance Technologies is a Chhatrapati Sambhajinagar-based auto component maker that supplies suspension, brake systems, aluminium castings and transmission parts to two-wheeler, three-wheeler and car makers in India and Europe.
Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%.
In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9.
Roadmap: The company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.
What to watch: Track growth in braking and suspension content and the European business.
Why Fiem Industries Features Among These Two Wheeler Component Supplier Stocks
Among the suspension, lighting and cable maker shares on this list, Fiem Industries makes automotive lighting, signalling equipment and rear view mirrors, mainly for two-wheelers, with leading Japanese and Indian makers as customers.
In the June 2026 quarter, revenue grew 17.4% year on year to Rs 780 crore, while net profit rose 12.9% to Rs 64.9 crore. Revenue rose from Rs 1,575 crore in FY22 to Rs 2,836 crore in FY26, a compound annual growth rate of 15.8%.
Net profit grew from Rs 95.3 crore in FY22 to Rs 256 crore in FY26, which works out to a compound annual growth rate of 28.0%. The company has a return on equity of 21.0%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 4,790 crore. The stock trades at a P/E of 18.2, below the industry P/E of 36.9.
Roadmap: LED lighting is replacing older bulbs, which raises the value of each vehicle's lighting set. Fiem is also adding capacity and customers, and the move to premium two-wheelers helps its mix.
What to watch: Follow two-wheeler production volumes and customer-specific launch schedules.
Why Suprajit Engineering Features Among These Two Wheeler Component Supplier Stocks
Among the three companies on this list, Suprajit Engineering is a Bengaluru-based maker of automotive cables and control systems, lighting products and other components for two-wheelers, cars and commercial vehicles, with a presence in many countries.
The company has a return on equity of 12.7%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 6,286 crore. The stock trades at a P/E of 33.6, below the industry P/E of 36.1.
Revenue rose from Rs 1,877 crore in FY22 to Rs 3,941 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 152 crore in FY23 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 6.3%. In the June 2026 quarter, revenue grew 19.1% year on year to Rs 1,074 crore, while net profit rose 8.6% to Rs 52.2 crore.
Roadmap: The company is widening its mix through lighting, electronics and aftermarket products while keeping its strong cable franchise. A global footprint supports orders from international vehicle makers.
What to watch: Follow growth in new product lines, export programmes and margin trends.
Endurance Technologies vs Fiem Industries vs Suprajit Engineering on Key Financials
The table below sets the three two wheeler component supplier 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 |
|---|---|---|---|---|---|
| Endurance Technologies | 7,590 | 14,720 | 18.0% | 952 | 6.5% |
| Fiem Industries | 1,575 | 2,836 | 15.8% | 256 | 9.0% |
| Suprajit Engineering | 1,877 | 3,941 | 20.4% | 183 | 4.6% |
Fiem Industries posts the highest return on equity in this group at 21.0%. Endurance Technologies has the largest FY26 revenue at Rs 14,720 crore, and Suprajit Engineering shows the fastest revenue growth with a 20.4% compound annual rate. A useful habit with two wheeler component supplier 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:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Endurance Technologies | 3,355 | 4,348 | 29.6% |
| Fiem Industries | 665 | 780 | 17.4% |
| Suprajit Engineering | 902 | 1,074 | 19.1% |
Key Risks to Check Before Investing in Two Wheeler Component Supplier Stocks
Every theme carries risks that deserve a check before any decision. For these two wheeler component supplier stocks, the main points are: Long-term suspension, lighting and cable maker 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.
- Customer mix. A few large makers account for much of sales.
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 two wheeler component supplier stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Two Wheeler Component Supplier Stocks
Two wheeler component supplier stocks work best when investors track growth, valuation and return on equity side by side. Endurance Technologies, Fiem Industries and Suprajit Engineering each have a clear plan to grow. Based on the 27 October 2026 close, Endurance Technologies trades at Rs 2,278.3, Fiem Industries at Rs 1,699.9 and Suprajit Engineering at Rs 476.65. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these two wheeler component supplier stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track two wheeler component supplier 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 two wheeler component supplier stocks?
Ans. Two wheeler component supplier stocks are listed auto component companies that make suspension, brakes, lighting and control cables for two-wheelers, cars and commercial vehicles. Their earnings depend on vehicle production, content per vehicle, commodity costs and export demand. This list looks at three of them, Endurance Technologies, Fiem Industries and Suprajit Engineering, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which two wheeler component supplier stocks are covered in this list?
Ans. This list covers Endurance Technologies, Fiem Industries and Suprajit Engineering. Based on the 27 October 2026 close, Endurance Technologies traded at Rs 2,278.3, Fiem Industries at Rs 1,699.9 and Suprajit Engineering at Rs 476.65. Their return on equity ranges from 12.7% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.8% to 20.4%.
Why do two wheeler component supplier stocks have a strong future roadmap in India?
Ans. Two wheeler component supplier stocks have a strong roadmap in India because strong two-wheeler demand, premium features and rising exports keep widening the market for Indian component makers. The main drivers are as follows. Two-wheeler demand. Rising incomes lift motorcycle and scooter sales. Premium content. Better brakes and lighting raise value per vehicle. Exports. Overseas customers add new orders. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Endurance Technologies performed financially?
Ans. Revenue rose from Rs 7,590 crore in FY22 to Rs 14,720 crore in FY26, a compound annual growth rate of 18.0%. Net profit grew from Rs 461 crore in FY22 to Rs 952 crore in FY26, which works out to a compound annual growth rate of 19.9%. In the June 2026 quarter, revenue grew 29.6% year on year to Rs 4,348 crore, while net profit rose 8.0% to Rs 245 crore. The company has a return on equity of 13.9%, a debt to equity ratio of 0.19 and a market capitalisation of Rs 33,317 crore. The stock trades at a P/E of 34.4, below the industry P/E of 36.9. Looking ahead, the company benefits from rising two-wheeler demand and from the move to anti-lock braking and premium suspension. Its European operations and growing business in electric vehicles widen its base.
How has Fiem Industries performed financially?
Ans. Revenue rose from Rs 1,575 crore in FY22 to Rs 2,836 crore in FY26, a compound annual growth rate of 15.8%. Net profit grew from Rs 95.3 crore in FY22 to Rs 256 crore in FY26, which works out to a compound annual growth rate of 28.0%. In the June 2026 quarter, revenue grew 17.4% year on year to Rs 780 crore, while net profit rose 12.9% to Rs 64.9 crore. The company has a return on equity of 21.0%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 4,790 crore. The stock trades at a P/E of 18.2, below the industry P/E of 36.9. Looking ahead, lED lighting is replacing older bulbs, which raises the value of each vehicle's lighting set. Fiem is also adding capacity and customers, and the move to premium two-wheelers helps its mix.
How has Suprajit Engineering performed financially?
Ans. Revenue rose from Rs 1,877 crore in FY22 to Rs 3,941 crore in FY26, a compound annual growth rate of 20.4%. Net profit grew from Rs 152 crore in FY23 to Rs 183 crore in FY26, which works out to a compound annual growth rate of 6.3%. In the June 2026 quarter, revenue grew 19.1% year on year to Rs 1,074 crore, while net profit rose 8.6% to Rs 52.2 crore. The company has a return on equity of 12.7%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 6,286 crore. The stock trades at a P/E of 33.6, below the industry P/E of 36.1. Looking ahead, the company is widening its mix through lighting, electronics and aftermarket products while keeping its strong cable franchise. A global footprint supports orders from international vehicle makers.
What risks should investors check before buying two wheeler component supplier stocks?
Ans. Investors should check a few risks before buying two wheeler component supplier stocks. Production cycles. Vehicle output can vary with demand. Input costs. Metal and material prices can move margins. Customer mix. A few large makers account for much of sales. 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 two wheeler component supplier 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.
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