3 Suspension Springs Leader, Automotive Lighting Maker and Control Cables Specialist Stocks With a Strong Future Roadmap: Jamna Auto Industries, Lumax Industries and Suprajit Engineering

Leaf spring, lighting and auto cable stocks let investors follow companies that serve a growing part of the Indian economy. Jamna Auto Industries, Lumax Industries and Suprajit Engineering cover a suspension springs leader, an automotive lighting maker and a control cables specialist.

This list covers three leaf spring, lighting and auto cable stocks with complete current figures: Jamna Auto Industries, Lumax Industries and Suprajit Engineering. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.

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What Are Leaf Spring, Lighting and Auto Cable Stocks?

Leaf spring, lighting and auto cable stocks are listed auto component makers that supply springs, lamps and cable systems to commercial vehicle, car and two-wheeler brands. Their earnings depend on vehicle production, content per vehicle and replacement demand.

Leaf Spring, Lighting and Auto Cable Stocks at a Glance

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 leaf spring, lighting and auto cable 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 leaf spring, lighting and auto cable stocks can use the coming numbers to test whether growth is holding.

Why Do Leaf Spring, Lighting and Auto Cable Stocks Have a Strong Roadmap in India?

Leaf spring, lighting and auto cable stocks have a strong roadmap in India because freight growth, richer lighting and comfort features and rising two-wheeler output keep lifting orders for component makers.

• Freight demand. Trucks and trailers need durable springs.
• Better lighting. Newer vehicles carry more advanced lamps.
• Control systems. Cables and switches go into every two-wheeler.

Why Jamna Auto Industries Features Among These Leaf Spring, Lighting and Auto Cable Stocks

Among the leaf spring, lighting and auto cable stocks on this list, Jamna Auto Industries makes leaf and parabolic springs for commercial vehicles, trailers and buses, and holds a leading position in India's suspension springs.

Revenue rose from Rs 1,723 crore in FY22 to Rs 2,621 crore in FY26, a compound annual growth rate of 11.1%. Net profit grew from Rs 141 crore in FY22 to Rs 231 crore in FY26, which works out to a compound annual growth rate of 13.2%.

In the June 2026 quarter, revenue grew 6.8% year on year to Rs 614 crore, while net profit rose 6.1% to Rs 48.5 crore. The company has a return on equity of 20.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 5,570 crore. The stock trades at a P/E of 23.8, below the industry P/E of 36.9.

Roadmap: The company benefits from replacement demand and from the shift to lighter, parabolic springs that carry higher margins. A fleet upgrade cycle and infrastructure spending drive commercial vehicle volumes, and Jamna also sells to the aftermarket.

What to watch: Monitor commercial vehicle production trends and steel price movements.

Why Lumax Industries Features Among These Leaf Spring, Lighting and Auto Cable Stocks

Among the suspension spring company 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 Suprajit Engineering Features Among These Leaf Spring, Lighting and Auto Cable 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.

Jamna Auto Industries vs Lumax Industries vs Suprajit Engineering on Key Financials

The table below sets the three leaf spring, lighting and auto cable stocks side by side on revenue, profit and margin, using reported figures.

Jamna Auto Industries posts the highest return on equity in this group at 20.1%. Lumax Industries combines the largest FY26 revenue at Rs 4,191 crore with the fastest revenue growth, a 24.1% compound annual rate. A useful habit with leaf spring, lighting and auto cable 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 Leaf Spring, Lighting and Auto Cable Stocks

Every theme carries risks that deserve a check before any decision. For these leaf spring, lighting and auto cable stocks, the main points are: Long-term suspension spring company 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 resin prices affect margins.
• Customer concentration. A few large vehicle makers buy most output.

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 leaf spring, lighting and auto cable stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Leaf Spring, Lighting and Auto Cable Stocks

Leaf spring, lighting and auto cable stocks reward investors who follow demand trends, order books and margins together. Jamna Auto Industries, Lumax Industries and Suprajit Engineering each have a clear plan to grow. Based on the 23 October 2026 close, Jamna Auto Industries trades at Rs 123.16, Lumax Industries at Rs 5,304 and Suprajit Engineering at Rs 451.2. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these leaf spring, lighting and auto cable stocks to a watchlist.

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What are leaf spring, lighting and auto cable stocks?

Ans. Leaf spring, lighting and auto cable stocks are listed auto component makers that supply springs, lamps and cable systems to commercial vehicle, car and two-wheeler brands. Their earnings depend on vehicle production, content per vehicle and replacement demand. This list looks at three of them, Jamna Auto Industries, Lumax Industries and Suprajit Engineering, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which leaf spring, lighting and auto cable stocks are covered in this list?

Ans. This list covers Jamna Auto Industries, Lumax Industries and Suprajit Engineering. Based on the 23 October 2026 close, Jamna Auto Industries traded at Rs 123.16, Lumax Industries at Rs 5,304 and Suprajit Engineering at Rs 451.2. Their return on equity ranges from 12.7% to 20.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.1% to 24.1%.

Why do leaf spring, lighting and auto cable stocks have a strong future roadmap in India?

Ans. Leaf spring, lighting and auto cable stocks have a strong roadmap in India because freight growth, richer lighting and comfort features and rising two-wheeler output keep lifting orders for component makers. The main drivers are as follows. Freight demand. Trucks and trailers need durable springs. Better lighting. Newer vehicles carry more advanced lamps. Control systems. Cables and switches go into every two-wheeler. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Jamna Auto Industries performed financially?

Ans. Revenue rose from Rs 1,723 crore in FY22 to Rs 2,621 crore in FY26, a compound annual growth rate of 11.1%. Net profit grew from Rs 141 crore in FY22 to Rs 231 crore in FY26, which works out to a compound annual growth rate of 13.2%. In the June 2026 quarter, revenue grew 6.8% year on year to Rs 614 crore, while net profit rose 6.1% to Rs 48.5 crore. The company has a return on equity of 20.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 5,570 crore. The stock trades at a P/E of 23.8, below the industry P/E of 36.9. Looking ahead, the company benefits from replacement demand and from the shift to lighter, parabolic springs that carry higher margins. A fleet upgrade cycle and infrastructure spending drive commercial vehicle volumes, and Jamna also sells to the aftermarket.

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 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 leaf spring, lighting and auto cable stocks?

Ans. Investors should check a few risks before buying leaf spring, lighting and auto cable stocks. Vehicle cycles. Component orders follow vehicle production. Input costs. Steel and resin prices affect margins. Customer concentration. A few large vehicle makers buy most output. 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 leaf spring, lighting and auto cable stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 23 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.