
3 Two-Wheeler Lighting and Mirrors Maker, Safety Systems and Locks Supplier and High-Tensile Fasteners Producer Stocks With a Strong Future Roadmap: Fiem Industries, Sandhar Technologies and Sundram Fasteners
Fiem Industries, Sandhar Technologies and Sundram Fasteners: ROE of 13.8% to 21.0% and FY22 to FY26 revenue CAGR of 6.5% to 20.6%. Prices as of 26 Oct 2026.
Updated: 27 Oct 2026 • 12:15 pm
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Quick Answer
The three two-wheeler lamp, safety and fastener stocks to watch are Fiem Industries, Sandhar Technologies and Sundram Fasteners. Their return on equity ranges from 13.8% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.5% to 20.6%. Fiem Industries has the highest return on equity at 21.0%, while Sandhar Technologies has the fastest revenue growth at 20.6% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.
Two-wheeler lamp, safety and fastener stocks let investors follow companies that serve a growing part of the Indian economy. Fiem Industries, Sandhar Technologies and Sundram Fasteners cover a two-wheeler lighting and mirrors maker, a safety systems and locks supplier and a high-tensile fasteners producer.
This list covers three two-wheeler lamp, safety and fastener stocks with complete current figures: Fiem Industries, Sandhar Technologies and Sundram Fasteners. 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 Two-wheeler Lamp, Safety and Fastener Stocks?
Two-wheeler lamp, safety and fastener stocks are listed auto component makers that supply lamps, locks, mirrors and fasteners to two-wheeler, car and commercial vehicle brands. Their earnings depend on vehicle output, replacement demand, safety norms and input costs.
Two-wheeler Lamp, Safety and Fastener Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Fiem Industries | 1,671.5 | 4,790 | 18.2 | 36.9 | 21.0 | 0.05 |
| Sandhar Technologies | 475.5 | 3,135 | 15.1 | 36.9 | 14.9 | 0.86 |
| Sundram Fasteners | 1,048.8 | 22,161 | 36.1 | 36.1 | 13.8 | 0.15 |
On valuation, Fiem Industries and Sandhar Technologies 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 two-wheeler lamp, safety 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 Two-wheeler Lamp, Safety and Fastener Stocks Have a Strong Roadmap in India?
Two-wheeler lamp, safety and fastener stocks have a strong roadmap in India because rising two-wheeler output, stricter safety rules and a growing vehicle fleet keep lifting orders for precision parts.
- Two-wheeler volumes. Strong scooter and bike output lifts orders.
- Safety content. Better locks and mirrors raise content per vehicle.
- Wider uses. Fasteners also serve wind energy and industry.
Why Fiem Industries Features Among These Two-wheeler Lamp, Safety and Fastener Stocks
Among the two-wheeler lamp, safety and fastener stocks 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.
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.
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 Sandhar Technologies Features Among These Two-wheeler Lamp, Safety and Fastener Stocks
Among the scooter lighting and mirror maker shares 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 Sundram Fasteners Features Among These Two-wheeler Lamp, Safety 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.
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.
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.
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.
Fiem Industries vs Sandhar Technologies vs Sundram Fasteners on Key Financials
The table below sets the three two-wheeler lamp, safety 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 |
|---|---|---|---|---|---|
| Fiem Industries | 1,575 | 2,836 | 15.8% | 256 | 9.0% |
| Sandhar Technologies | 2,331 | 4,927 | 20.6% | 199 | 4.0% |
| Sundram Fasteners | 4,941 | 6,368 | 6.5% | 593 | 9.3% |
Fiem Industries posts the highest return on equity in this group at 21.0%. Sundram Fasteners has the largest FY26 revenue at Rs 6,368 crore, and Sandhar Technologies shows the fastest revenue growth with a 20.6% compound annual rate. A useful habit with two-wheeler lamp, safety 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 |
|---|---|---|---|
| Fiem Industries | 665 | 780 | 17.4% |
| Sandhar Technologies | 1,110 | 1,394 | 25.6% |
| Sundram Fasteners | 1,553 | 1,855 | 19.4% |
Key Risks to Check Before Investing in Two-wheeler Lamp, Safety and Fastener Stocks
Every theme carries risks that deserve a check before any decision. For these two-wheeler lamp, safety and fastener stocks, the main points are: Long-term scooter lighting and mirror maker 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.
- Customer concentration. A few vehicle makers buy most output.
- Input costs. Steel and aluminium prices affect margins.
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 lamp, safety and fastener stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Two-wheeler Lamp, Safety and Fastener Stocks
Two-wheeler lamp, safety and fastener stocks reward investors who follow demand trends, order books and margins together. Fiem Industries, Sandhar Technologies and Sundram Fasteners each have a clear plan to expand. Based on the 26 October 2026 close, Fiem Industries trades at Rs 1,671.5, Sandhar Technologies at Rs 475.5 and Sundram Fasteners at Rs 1,048.8. 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 lamp, safety and fastener stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track two-wheeler lamp, safety 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 two-wheeler lamp, safety and fastener stocks?
Ans. Two-wheeler lamp, safety and fastener stocks are listed auto component makers that supply lamps, locks, mirrors and fasteners to two-wheeler, car and commercial vehicle brands. Their earnings depend on vehicle output, replacement demand, safety norms and input costs. This list looks at three of them, Fiem Industries, Sandhar Technologies and Sundram Fasteners, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.
Which two-wheeler lamp, safety and fastener stocks are covered in this list?
Ans. This list covers Fiem Industries, Sandhar Technologies and Sundram Fasteners. Based on the 26 October 2026 close, Fiem Industries traded at Rs 1,671.5, Sandhar Technologies at Rs 475.5 and Sundram Fasteners at Rs 1,048.8. Their return on equity ranges from 13.8% to 21.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.5% to 20.6%.
Why do two-wheeler lamp, safety and fastener stocks have a strong future roadmap in India?
Ans. Two-wheeler lamp, safety and fastener stocks have a strong roadmap in India because rising two-wheeler output, stricter safety rules and a growing vehicle fleet keep lifting orders for precision parts. The main drivers are as follows. Two-wheeler volumes. Strong scooter and bike output lifts orders. Safety content. Better locks and mirrors raise content per vehicle. Wider uses. Fasteners also serve wind energy and industry. Together these factors give the companies on this list a visible path for growth over the coming years.
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 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 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 two-wheeler lamp, safety and fastener stocks?
Ans. Investors should check a few risks before buying two-wheeler lamp, safety and fastener stocks. Vehicle cycles. Component orders follow vehicle production. Customer concentration. A few vehicle makers buy most output. Input costs. Steel and aluminium prices affect margins. 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 lamp, safety and fastener 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.
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