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3 Two Wheeler Components Maker, Solar Modules Maker and Agrochemicals Company Stocks With a Strong Future Roadmap: Endurance Technologies, Waaree Energies and Insecticides India

Endurance Technologies, Waaree Energies and Insecticides India: ROE of 11.4% to 25.7% and FY22 to FY26 revenue CAGR of 9.3% to 74.3%. Prices as of 10 Nov 2026.


11 Nov 2026 • 11:12 am

3 Two Wheeler Components Maker, Solar Modules Maker and Agrochemicals Company Stocks With a Strong Future Roadmap: Endurance Technologies, Waaree Energies and Insecticides India

Quick Answer

The three bike part, solar module and crop care stocks to watch are Endurance Technologies, Waaree Energies and Insecticides India. Their return on equity ranges from 11.4% to 25.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.3% to 74.3%. Waaree Energies leads on both return on equity at 25.7% and revenue growth at 74.3% a year. Prices are based on the 10 November 2026 close, and this article is educational, not investment advice.

Bike part, solar module and crop care stocks bring together companies with a visible plan for the years ahead. Endurance Technologies, Waaree Energies and Insecticides India cover a two wheeler components maker, a solar modules maker and an agrochemicals company.

This list covers three bike part, solar module and crop care stocks with complete current figures: Endurance Technologies, Waaree Energies and Insecticides India. Every figure comes from the latest reported financials and the 10 November 2026 market close. Companies without complete current figures were left out.

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What Are Bike Part, Solar Module and Crop Care Stocks?

Bike part, solar module and crop care stocks are listed companies that make suspension, braking and casting parts for two wheelers and cars, produce solar cells and modules, and sell crop protection products to farmers. Their earnings depend on vehicle output, solar installations and farm demand.

Bike Part, Solar Module and Crop Care Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Endurance Technologies 2,486 33,317 34.4 36.9 13.9 0.19
Waaree Energies 2,444 72,290 18.1 43.9 25.7 0.22
Insecticides India 541.3 1,507 12.0 21.9 11.4 0.13

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 bike part, solar module and crop care stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Bike Part, Solar Module and Crop Care Stocks Have a Strong Roadmap in India?

Bike part, solar module and crop care stocks have a strong roadmap in India because rising vehicle production, rapid solar capacity addition and wider use of crop protection by farmers keep widening the market for these companies.

  • Two wheeler parts. Riders upgrade to better bikes.
  • Solar modules. Utilities and homes add solar power.
  • Agrochemicals. Farmers protect crops for better yields.

Why Endurance Technologies Features Among These Bike Part, Solar Module and Crop Care Stocks

Among the bike part, solar module and crop care 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.

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. 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%. 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 Waaree Energies Features Among These Bike Part, Solar Module and Crop Care Stocks

Among the vehicle component, panel and crop care shares on this list, Waaree Energies is one of India's largest manufacturers of solar photovoltaic modules, with factories in Gujarat, and it also provides solar project engineering and has expanded into cells and related products.

The company has a return on equity of 25.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 72,290 crore. The stock trades at a P/E of 18.1, below the industry P/E of 43.9.

Revenue rose from Rs 2,951 crore in FY22 to Rs 27,245 crore in FY26, a compound annual growth rate of 74.3%. Net profit grew from Rs 1,274 crore in FY24 to Rs 3,884 crore in FY26, which works out to a compound annual growth rate of 74.6%.

Roadmap: The company is adding module, cell and wafer capacity to build a deeper in-house supply chain, in line with domestic manufacturing incentives and rapid growth in solar installations. A strong order book from domestic and overseas customers supports volumes.

What to watch: Track the commissioning of new cell and module capacity and the order book for the coming quarters.

Why Insecticides India Features Among These Bike Part, Solar Module and Crop Care Stocks

Among the three companies on this list, Insecticides India is a Delhi-based crop protection company that makes and sells insecticides, herbicides and fungicides to farmers through a wide network of dealers and distributors.

Revenue rose from Rs 1,508 crore in FY22 to Rs 2,152 crore in FY26, a compound annual growth rate of 9.3%. Net profit grew from Rs 107 crore in FY22 to Rs 139 crore in FY26, which works out to a compound annual growth rate of 6.7%.

The company has a return on equity of 11.4%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 1,507 crore. The stock trades at a P/E of 12.0, below the industry P/E of 21.9.

Roadmap: The company is launching new formulations and growing its own brands, which supports better margins. Rising demand for crop protection from Indian farmers supports steady volumes.

What to watch: Follow monsoon trends, new product launches and technical raw material costs.

Endurance Technologies vs Waaree Energies vs Insecticides India on Key Financials

The table below sets the three bike part, solar module and crop care 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%
Waaree Energies 2,951 27,245 74.3% 3,884 14.3%
Insecticides India 1,508 2,152 9.3% 139 6.5%

Waaree Energies posts the highest return on equity in this group at 25.7%. Waaree Energies combines the largest FY26 revenue at Rs 27,245 crore with the fastest revenue growth, a 74.3% compound annual rate. A useful habit with bike part, solar module and crop care stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Bike Part, Solar Module and Crop Care Stocks

Every theme carries risks that deserve a check before any decision. For these bike part, solar module and crop care stocks, the main points are: Long-term vehicle component, panel and crop care 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.
  • Module prices. Solar equipment prices and policy support can change returns.
  • Season and monsoon. Crop protection sales follow rain and pest cycles.

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 bike part, solar module and crop care stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Bike Part, Solar Module and Crop Care Stocks

Bike part, solar module and crop care stocks suit investors who prefer to study business strength before price moves. Endurance Technologies, Waaree Energies and Insecticides India each have a clear plan to grow. Based on the 10 November 2026 close, Endurance Technologies trades at Rs 2,486, Waaree Energies at Rs 2,444 and Insecticides India at Rs 541.3.

Download the Univest iOS App or Univest Android App to track bike part, solar module and crop care 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 bike part, solar module and crop care stocks?

Ans. Bike part, solar module and crop care stocks are listed companies that make suspension, braking and casting parts for two wheelers and cars, produce solar cells and modules, and sell crop protection products to farmers. Their earnings depend on vehicle output, solar installations and farm demand. This list looks at three of them, Endurance Technologies, Waaree Energies and Insecticides India, using reported FY22 to FY26 financials and the 10 November 2026 closing prices.

Which bike part, solar module and crop care stocks are covered in this list?

Ans. This list covers Endurance Technologies, Waaree Energies and Insecticides India. Based on the 10 November 2026 close, Endurance Technologies traded at Rs 2,486, Waaree Energies at Rs 2,444 and Insecticides India at Rs 541.3. Their return on equity ranges from 11.4% to 25.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.3% to 74.3%.

Why do bike part, solar module and crop care stocks have a strong future roadmap in India?

Ans. Bike part, solar module and crop care stocks have a strong roadmap in India because rising vehicle production, rapid solar capacity addition and wider use of crop protection by farmers keep widening the market for these companies. The main drivers are as follows. Two wheeler parts. Riders upgrade to better bikes. Solar modules. Utilities and homes add solar power. Agrochemicals. Farmers protect crops for better yields. 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 Waaree Energies performed financially?

Ans. Revenue rose from Rs 2,951 crore in FY22 to Rs 27,245 crore in FY26, a compound annual growth rate of 74.3%. Net profit grew from Rs 1,274 crore in FY24 to Rs 3,884 crore in FY26, which works out to a compound annual growth rate of 74.6%. The company has a return on equity of 25.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 72,290 crore. The stock trades at a P/E of 18.1, below the industry P/E of 43.9. Looking ahead, the company is adding module, cell and wafer capacity to build a deeper in-house supply chain, in line with domestic manufacturing incentives and rapid growth in solar installations. A strong order book from domestic and overseas customers supports volumes.

How has Insecticides India performed financially?

Ans. Revenue rose from Rs 1,508 crore in FY22 to Rs 2,152 crore in FY26, a compound annual growth rate of 9.3%. Net profit grew from Rs 107 crore in FY22 to Rs 139 crore in FY26, which works out to a compound annual growth rate of 6.7%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 1,507 crore. The stock trades at a P/E of 12.0, below the industry P/E of 21.9. Looking ahead, the company is launching new formulations and growing its own brands, which supports better margins. Rising demand for crop protection from Indian farmers supports steady volumes.

What risks should investors check before buying bike part, solar module and crop care stocks?

Ans. Investors should check a few risks before buying bike part, solar module and crop care stocks. Production cycles. Vehicle output can vary with demand. Module prices. Solar equipment prices and policy support can change returns. Season and monsoon. Crop protection sales follow rain and pest cycles. 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 bike part, solar module and crop care stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 10 November 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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