
3 Suspension and Braking Systems Maker, Vehicle Thermal Systems Supplier and High-Tensile Fastener Manufacturer Stocks With a Strong Future Roadmap: Endurance Technologies, Subros and Sundram Fasteners
Endurance Technologies, Subros and Sundram Fasteners: ROE of 13.3% to 13.9% and FY22 to FY26 revenue CAGR of 6.5% to 18.0%. Prices as of 27 Oct 2026.
Updated: 28 Oct 2026 • 12:43 pm
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Quick Answer
The three suspension, thermal and fastener stocks to watch are Endurance Technologies, Subros and Sundram Fasteners. Their return on equity ranges from 13.3% to 13.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.5% to 18.0%. Endurance Technologies leads on both return on equity at 13.9% and revenue growth at 18.0% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Suspension, thermal and fastener stocks give investors a way to track businesses that sit close to everyday demand in India. Endurance Technologies, Subros and Sundram Fasteners cover a suspension and braking systems maker, a vehicle thermal systems supplier and a high-tensile fastener manufacturer.
This list covers three suspension, thermal and fastener stocks with complete current figures: Endurance Technologies, Subros and Sundram Fasteners. 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 Suspension, Thermal and Fastener Stocks?
Suspension, thermal and fastener stocks are listed auto component companies that make suspension and braking systems, vehicle air conditioning and cooling systems and high-tensile fasteners for vehicle makers and other industries. Their earnings depend on vehicle production, content per vehicle, commodity costs and export orders.
Suspension, Thermal and Fastener 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 |
| Subros | 615.85 | 4,017 | 24.1 | 36.1 | 13.3 | 0.02 |
| Sundram Fasteners | 1,059.9 | 22,161 | 36.1 | 36.1 | 13.8 | 0.15 |
On valuation, Endurance Technologies and Subros trade at a P/E below the industry P/E, while Sundram Fasteners trades above it, which reflects the growth the market already expects. Readers comparing suspension, thermal and fastener stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Suspension, Thermal and Fastener Stocks Have a Strong Roadmap in India?
Suspension, thermal and fastener stocks have a strong roadmap in India because rising vehicle output, higher content per vehicle and growing exports keep widening the market for Indian component makers.
- Vehicle output. Higher production lifts component orders.
- Content per vehicle. Comfort and safety features add value.
- Export orders. Overseas customers widen the order base.
Why Endurance Technologies Features Among These Suspension, Thermal and Fastener Stocks
Among the suspension, thermal and fastener 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.
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.
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.
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 Subros Features Among These Suspension, Thermal and Fastener Stocks
Among the aluminium casting, air conditioning and fastener shares on this list, Subros is a Noida-based maker of automotive air conditioning and thermal systems such as compressors, condensers and evaporators for passenger and commercial vehicles.
Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%.
In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1.
Roadmap: The company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.
What to watch: Follow content per vehicle, electric vehicle thermal orders and new customer additions.
Why Sundram Fasteners Features Among These Suspension, Thermal and Fastener Stocks
Among the three companies on this list, Sundram Fasteners is a Chennai-based maker of high-tensile fasteners, powertrain components, cold-extruded parts and precision-engineered products for automotive, wind energy and other industries.
In the June 2026 quarter, revenue grew 19.4% year on year to Rs 1,855 crore, while net profit rose 14.0% to Rs 169 crore. Revenue rose from Rs 4,941 crore in FY22 to Rs 6,368 crore in FY26, a compound annual growth rate of 6.5%.
Net profit grew from Rs 462 crore in FY22 to Rs 593 crore in FY26, which works out to a compound annual growth rate of 6.4%. The company has a return on equity of 13.8%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 22,161 crore. The stock trades at a P/E of 36.1, above the industry P/E of 36.1.
Roadmap: The company is widening its range into powertrain and non-automotive applications, including renewable energy. Long-standing relationships with global vehicle makers support export orders.
What to watch: Track export demand, new product launches and growth outside the automotive segment.
Endurance Technologies vs Subros vs Sundram Fasteners on Key Financials
The table below sets the three suspension, thermal and fastener 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% |
| Subros | 2,248 | 3,794 | 14.0% | 166 | 4.4% |
| Sundram Fasteners | 4,941 | 6,368 | 6.5% | 593 | 9.3% |
Endurance Technologies posts the highest return on equity in this group at 13.9%. Endurance Technologies combines the largest FY26 revenue at Rs 14,720 crore with the fastest revenue growth, a 18.0% compound annual rate. A useful habit with suspension, thermal and fastener 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% |
| Subros | 884 | 1,038 | 17.5% |
| Sundram Fasteners | 1,553 | 1,855 | 19.4% |
Key Risks to Check Before Investing in Suspension, Thermal and Fastener Stocks
Every theme carries risks that deserve a check before any decision. For these suspension, thermal and fastener stocks, the main points are: Long-term aluminium casting, air conditioning and fastener 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 suspension, thermal and fastener stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Suspension, Thermal and Fastener Stocks
Suspension, thermal and fastener stocks work best when investors track growth, valuation and return on equity side by side. Endurance Technologies, Subros and Sundram Fasteners each have a clear plan to expand. Based on the 27 October 2026 close, Endurance Technologies trades at Rs 2,278.3, Subros at Rs 615.85 and Sundram Fasteners at Rs 1,059.9.
Download the Univest iOS App or Univest Android App to track suspension, thermal and fastener 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 suspension, thermal and fastener stocks?
Ans. Suspension, thermal and fastener stocks are listed auto component companies that make suspension and braking systems, vehicle air conditioning and cooling systems and high-tensile fasteners for vehicle makers and other industries. Their earnings depend on vehicle production, content per vehicle, commodity costs and export orders. This list looks at three of them, Endurance Technologies, Subros and Sundram Fasteners, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which suspension, thermal and fastener stocks are covered in this list?
Ans. This list covers Endurance Technologies, Subros and Sundram Fasteners. Based on the 27 October 2026 close, Endurance Technologies traded at Rs 2,278.3, Subros at Rs 615.85 and Sundram Fasteners at Rs 1,059.9. Their return on equity ranges from 13.3% to 13.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.5% to 18.0%.
Why do suspension, thermal and fastener stocks have a strong future roadmap in India?
Ans. Suspension, thermal and fastener stocks have a strong roadmap in India because rising vehicle output, higher content per vehicle and growing exports keep widening the market for Indian component makers. The main drivers are as follows. Vehicle output. Higher production lifts component orders. Content per vehicle. Comfort and safety features add value. Export orders. Overseas customers widen the order base. 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 Subros performed financially?
Ans. Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1. Looking ahead, the company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.
How has Sundram Fasteners performed financially?
Ans. Revenue rose from Rs 4,941 crore in FY22 to Rs 6,368 crore in FY26, a compound annual growth rate of 6.5%. Net profit grew from Rs 462 crore in FY22 to Rs 593 crore in FY26, which works out to a compound annual growth rate of 6.4%. In the June 2026 quarter, revenue grew 19.4% year on year to Rs 1,855 crore, while net profit rose 14.0% to Rs 169 crore. The company has a return on equity of 13.8%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 22,161 crore. The stock trades at a P/E of 36.1, above the industry P/E of 36.1. Looking ahead, the company is widening its range into powertrain and non-automotive applications, including renewable energy. Long-standing relationships with global vehicle makers support export orders.
What risks should investors check before buying suspension, thermal and fastener stocks?
Ans. Investors should check a few risks before buying suspension, thermal and fastener 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 suspension, thermal and fastener 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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