
3 Tyres Maker, Automotive Air Conditioning Systems Maker and CNC Machines Maker Stocks With a Strong Future Roadmap: Apollo Tyres, Subros and Jyoti CNC Automation
Apollo Tyres, Subros and Jyoti CNC Automation: ROE of 12.4% to 16.8% and FY22 to FY26 revenue CAGR of 7.9% to 30.2%. Prices as of 5 Nov 2026.
Updated: 6 Nov 2026 • 10:41 am
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Quick Answer
The three tyre, car cooling and machine tool stocks to watch are Apollo Tyres, Subros and Jyoti CNC Automation. Their return on equity ranges from 12.4% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 30.2%. Jyoti CNC Automation leads on both return on equity at 16.8% and revenue growth at 30.2% a year. Prices are based on the 5 November 2026 close, and this article is educational, not investment advice.
Tyre, car cooling and machine tool stocks let investors follow companies that serve a growing part of the Indian economy. Apollo Tyres, Subros and Jyoti CNC Automation cover a tyres maker, an automotive air conditioning systems maker and a CNC machines maker.
This list covers three tyre, car cooling and machine tool stocks with complete current figures: Apollo Tyres, Subros and Jyoti CNC Automation. Every figure comes from the latest reported financials and the 5 November 2026 market close. Companies without complete current figures were left out.
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What Are Tyre, Car Cooling and Machine Tool Stocks?
Tyre, car cooling and machine tool stocks are listed companies that make tyres for cars, trucks and farm vehicles, build thermal and air conditioning systems for vehicles, and manufacture computer controlled machine tools. Their earnings depend on vehicle output, replacement demand and factory investment.
Tyre, Car Cooling and Machine Tool Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Apollo Tyres | 418.85 | 24,413 | 14.3 | 19.2 | 12.4 | 0.22 |
| Subros | 603.05 | 4,017 | 24.1 | 36.1 | 13.3 | 0.02 |
| Jyoti CNC Automation | 1,022.2 | 22,175 | 68.9 | 44.4 | 16.8 | 0.43 |
On valuation, Apollo Tyres and Subros trade at a P/E below the industry P/E, while Jyoti CNC Automation trades above it, which reflects the growth the market already expects. Readers comparing tyre, car cooling and machine tool 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 tyre, car cooling and machine tool stocks can use the coming numbers to test whether growth is holding.
Why Do Tyre, Car Cooling and Machine Tool Stocks Have a Strong Roadmap in India?
Tyre, car cooling and machine tool stocks have a strong roadmap in India because rising vehicle ownership, wider use of air conditioning in cars and buses and growing investment in precision manufacturing keep widening the market for these companies.
- Tyres. Every vehicle needs regular replacements.
- Car cooling. More vehicles come with air conditioning.
- Machine tools. Precision parts need advanced machines.
Why Apollo Tyres Features Among These Tyre, Car Cooling and Machine Tool Stocks
Among the tyre, car cooling and machine tool stocks on this list, Apollo Tyres is an Indian tyre maker with plants in India and Europe that sells passenger car, truck and bus, two-wheeler, farm and off-highway tyres under the Apollo and Vredestein brands.
In the June 2026 quarter, revenue grew 13.3% year on year to Rs 7,456 crore. Revenue rose from Rs 21,071 crore in FY22 to Rs 28,604 crore in FY26, a compound annual growth rate of 7.9%.
Net profit grew from Rs 639 crore in FY22 to Rs 1,372 crore in FY26, which works out to a compound annual growth rate of 21.1%. The company has a return on equity of 12.4%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 24,413 crore. The stock trades at a P/E of 14.3, below the industry P/E of 19.2.
Roadmap: The company is growing its premium and radial offerings and using its European presence to serve global customers. A strong dealer network in India supports replacement sales.
What to watch: Follow raw material costs, replacement demand and the performance of the European business.
Why Subros Features Among These Tyre, Car Cooling and Machine Tool Stocks
Among the rubber, climate control and factory 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.
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.
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.
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 Jyoti CNC Automation Features Among These Tyre, Car Cooling and Machine Tool Stocks
Among the three companies on this list, Jyoti CNC Automation, based in Rajkot, makes computer numerical control machines, including multi-axis machining centres, for aerospace, defence, auto and general engineering customers.
Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%. Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%.
In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P/E of 68.9, above the industry P/E of 44.4.
Roadmap: Defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.
What to watch: Watch order book trends and how quickly the international business contributes.
Apollo Tyres vs Subros vs Jyoti CNC Automation on Key Financials
The table below sets the three tyre, car cooling and machine tool 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 |
|---|---|---|---|---|---|
| Apollo Tyres | 21,071 | 28,604 | 7.9% | 1,372 | 4.8% |
| Subros | 2,248 | 3,794 | 14.0% | 166 | 4.4% |
| Jyoti CNC Automation | 750 | 2,154 | 30.2% | 336 | 15.6% |
Jyoti CNC Automation posts the highest return on equity in this group at 16.8%. Apollo Tyres has the largest FY26 revenue at Rs 28,604 crore, and Jyoti CNC Automation shows the fastest revenue growth with a 30.2% compound annual rate. A useful habit with tyre, car cooling and machine tool 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 |
|---|---|---|---|
| Apollo Tyres | 6,580 | 7,456 | 13.3% |
| Subros | 884 | 1,038 | 17.5% |
| Jyoti CNC Automation | 431 | 512 | 19.0% |
Key Risks to Check Before Investing in Tyre, Car Cooling and Machine Tool Stocks
Every theme carries risks that deserve a check before any decision. For these tyre, car cooling and machine tool stocks, the main points are: Long-term rubber, climate control and factory shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Rubber and carbon black costs. Raw material prices can move margins.
- Production cycles. Vehicle output can vary with demand.
- 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 tyre, car cooling and machine tool stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Tyre, Car Cooling and Machine Tool Stocks
Tyre, car cooling and machine tool stocks reward investors who follow demand trends, order books and margins together. Apollo Tyres, Subros and Jyoti CNC Automation each have a clear plan to grow. Based on the 5 November 2026 close, Apollo Tyres trades at Rs 418.85, Subros at Rs 603.05 and Jyoti CNC Automation at Rs 1,022.2. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these tyre, car cooling and machine tool stocks to a watchlist.
Download the Univest iOS App or Univest Android App to track tyre, car cooling and machine tool 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 tyre, car cooling and machine tool stocks?
Ans. Tyre, car cooling and machine tool stocks are listed companies that make tyres for cars, trucks and farm vehicles, build thermal and air conditioning systems for vehicles, and manufacture computer controlled machine tools. Their earnings depend on vehicle output, replacement demand and factory investment. This list looks at three of them, Apollo Tyres, Subros and Jyoti CNC Automation, using reported FY22 to FY26 financials and the 5 November 2026 closing prices.
Which tyre, car cooling and machine tool stocks are covered in this list?
Ans. This list covers Apollo Tyres, Subros and Jyoti CNC Automation. Based on the 5 November 2026 close, Apollo Tyres traded at Rs 418.85, Subros at Rs 603.05 and Jyoti CNC Automation at Rs 1,022.2. Their return on equity ranges from 12.4% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 30.2%.
Why do tyre, car cooling and machine tool stocks have a strong future roadmap in India?
Ans. Tyre, car cooling and machine tool stocks have a strong roadmap in India because rising vehicle ownership, wider use of air conditioning in cars and buses and growing investment in precision manufacturing keep widening the market for these companies. The main drivers are as follows. Tyres. Every vehicle needs regular replacements. Car cooling. More vehicles come with air conditioning. Machine tools. Precision parts need advanced machines. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Apollo Tyres performed financially?
Ans. Revenue rose from Rs 21,071 crore in FY22 to Rs 28,604 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 639 crore in FY22 to Rs 1,372 crore in FY26, which works out to a compound annual growth rate of 21.1%. In the June 2026 quarter, revenue grew 13.3% year on year to Rs 7,456 crore. The company has a return on equity of 12.4%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 24,413 crore. The stock trades at a P/E of 14.3, below the industry P/E of 19.2. Looking ahead, the company is growing its premium and radial offerings and using its European presence to serve global customers. A strong dealer network in India supports replacement sales.
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 Jyoti CNC Automation performed financially?
Ans. Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%. Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P/E of 68.9, above the industry P/E of 44.4. Looking ahead, defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.
What risks should investors check before buying tyre, car cooling and machine tool stocks?
Ans. Investors should check a few risks before buying tyre, car cooling and machine tool stocks. Rubber and carbon black costs. Raw material prices can move margins. Production cycles. Vehicle output can vary with demand. 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 tyre, car cooling and machine tool stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 5 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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