Is the Auto Ancillaries - 2 Wheelers sector outperforming NIFTY 500?
The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500.
20-quarter listed-company comparison
Auto Ancillaries - 2 Wheelers Stocks in India
Auto Ancillaries - 2 Wheelers: Belrise Industries Ltd owns the largest revenue base; Pricol Ltd has the fastest current growth.
Nifty Auto Ancillaries - 2 Wheelers Index — Constituents & Performance
The Auto Ancillaries - 2 Wheelers companies below are the listed Indian Auto Ancillaries - 2 Wheelers universe this page tracks — the same constituent set people search for as the Nifty Auto Ancillaries - 2 Wheelers index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
The sector itself · before any single company
How has Auto Ancillaries - 2 Wheelers moved against NIFTY 500?
The line below covers 5.1 years. Over the most recent two of them this sector is 55% ahead of NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 5 weeks running.
BREAKING OUT · ahead 5w✓Price and the fundamentals both up2 of 4 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑5w · 3/4 >200d (+0) · 2/4 lead (+1) · EPS 4/4↑
Auto Ancillaries - 2 Wheelers, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Strength anatomy
Broadening down the ladderHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 4 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score −0 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large
1/10
Mid
1/2+1
Small
0/10
Participation is spreading downward — the mid and small companies added more this month than the large ones did.
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Auto Ancillaries - 2 Wheelers outperforming NIFTY 500?
The 52-week comparison of Auto Ancillaries - 2 Wheelers against NIFTY 500 is not available from the current market series. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Belrise Industries Ltd is the strongest against the sector itself at +13.1%. Readings are as of 2026-07-19.
—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
3/4Stocks leading NIFTY 500
1/4Stocks leading sector
Sector metric: 8.3 as of 2026-07-19 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Belrise Industries Ltd leads with revenue of ₹9,510 crore, based on 4 of 4 comparable companies through Mar 2026. Pricol Ltd has the fastest current revenue growth at 50.1%, across 4 of 4 comparable companies.
Which Auto Ancillaries - 2 Wheelers company is largest by revenue?
Belrise Industries Ltd leads with revenue of ₹9,510 crore, based on 4 of 4 comparable companies through Mar 2026.
Which Auto Ancillaries - 2 Wheelers company is growing fastest?
Pricol Ltd has the fastest current revenue growth at 50.1%, across 4 of 4 comparable companies.
Which Auto Ancillaries - 2 Wheelers company has the strongest 4-Factor Sector Score?
Pricol Ltd ranks first at 79.9/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Auto Ancillaries - 2 Wheelers company reports the most CAPEX?
Belrise Industries Ltd reports the largest latest CAPEX at ₹350 crore, with 2 of 4 companies comparable.
Which Auto Ancillaries - 2 Wheelers company has the least gross debt?
L G Balakrishnan & Bros Ltd has the lowest comparable gross debt at ₹190 crore. Belrise Industries Ltd has the highest at ₹1,521 crore.
Which Auto Ancillaries - 2 Wheelers company has the lowest comparable PEG?
Belrise Industries Ltd has the lowest comparable Guarded PEG at 0.53, among 4 of 4 companies that pass the metric’s comparability rules.
How much history does this Auto Ancillaries - 2 Wheelers comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
4
complete canonical membership
Combined market value
₹44.7K Cr
Belrise Industries Ltd
Revenue growing
4/4
positive TTM year-on-year growth
Beating NIFTY 500
3/4
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Pricol Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.
1. Pricol Ltd · PRICOLLTD
79.9/100 · Favorable setup · 97% evidence
Exact sum: 33.6 + 20.9 + 13.3 + 12.1 = 79.9
Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
33.6/35Growth & earnings
Revenue 50.1% · PAT 50.3% · OPM change 2 pp
100% evidence
20.9/25Capital efficiency
ROCE 24.5% · debt/equity 0.3×
100% evidence
13.3/20Valuation
P/E 30.9× · PEG 1.34
85% evidence
12.1/20Relative strength
RS sector -2.2% · RS bench 8.3% · 1Y 35.6%
100% evidence
2. Belrise Industries Ltd · BELRISE
67.9/100 · Favorable setup · 84% evidence
Exact sum: 19.2 + 16.7 + 15 + 17 = 67.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19.2/35Growth & earnings
Revenue 14.7% · PAT 39.6% · OPM change -1 pp
100% evidence
16.7/25Capital efficiency
ROCE 14.5% · debt/equity 0.29×
100% evidence
15.0/20Valuation
P/E 44.1× · PEG 0.53
50% evidence
17.0/20Relative strength
RS sector 13.1% · RS bench 24.4% · 1Y 82.6%
70% evidence
3. ASK Automotive Ltd · ASKAUTOLTD
59.9/100 · Mixed-positive evidence · 91% evidence
Exact sum: 20 + 20.3 + 12.9 + 6.7 = 59.9
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20.0/35Growth & earnings
Revenue 16% · PAT 20.2% · OPM change 0 pp
100% evidence
20.3/25Capital efficiency
ROCE 25.4% · debt/equity 0.52×
100% evidence
12.9/20Valuation
P/E 34× · PEG 1.58
85% evidence
6.7/20Relative strength
RS sector -17.9% · RS bench 2.4% · 1Y -8.2%
70% evidence
4. L G Balakrishnan & Bros Ltd · LGBBROSLTD
48.6/100 · Mixed-negative evidence · 97% evidence
Exact sum: 16.7 + 20.5 + 11.4 + 0 = 48.6
Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16.7/35Growth & earnings
Revenue 19.3% · PAT 5.6% · OPM change -1 pp
100% evidence
20.5/25Capital efficiency
ROCE 19.8% · debt/equity 0.09×
100% evidence
11.4/20Valuation
P/E 15.5× · PEG 1.04
85% evidence
0.0/20Relative strength
RS sector -14.7% · RS bench -5.7% · 1Y 19.7%
100% evidence
01 · compare level, then change
Revenue Scale & Growth Durability
Belrise Industries Ltd has the highest Revenue among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹9,510 crore. ASK Automotive Ltd is next at ₹4,176 crore. Pricol Ltd has the highest Revenue growth at 50.1%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Belrise Industries Ltd is the scale leader at ₹9,510 crore, 127.7% ahead of ASK Automotive Ltd. Pricol Ltd's growth is 50.1% from a ₹4,040 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderBelrise Industries Ltd · ₹9,510 crore
Gap127.7% versus #2 · ASK Automotive Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 76 observations
Investor read: Belrise Industries Ltd is the scale benchmark; Pricol Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Belrise Industries Ltd's growth falls below Pricol Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Belrise Industries Ltd BELRISE₹9.5K Cr
2ASK Automotive Ltd ASKAUTOLTD₹4.2K Cr
3Pricol Ltd PRICOLLTD₹4.0K Cr
4L G Balakrishnan & Bros Ltd LGBBROSLTD₹3.1K Cr
Revenue growthfastest growers
1Pricol Ltd PRICOLLTD50%
2L G Balakrishnan & Bros Ltd LGBBROSLTD19%
3ASK Automotive Ltd ASKAUTOLTD16%
4Belrise Industries Ltd BELRISE15%
Revenue · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Belrise Industries Ltd BELRISE | ₹2.6K Cr | 12% | Mar 2026 |
| ASK Automotive Ltd ASKAUTOLTD | ₹1.1K Cr | 35% | Mar 2026 |
| Pricol Ltd PRICOLLTD | ₹1.1K Cr | 43% | Mar 2026 |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | ₹815 Cr | 22% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
₹604 Cr
₹746 Cr
₹637 Cr
₹569 Cr
₹657 Cr
₹794 Cr
₹762 Cr
₹783 Cr
₹862 Cr
₹974 Cr
₹915 Cr
₹850 Cr
₹891 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
Belrise Industries Ltd · BELRISE
₹1.2K Cr
₹1.2K Cr
₹1.5K Cr
₹1.6K Cr
₹1.5K Cr
₹1.9K Cr
₹1.5K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.2K Cr
₹1.5K Cr
₹1.8K Cr
₹2.1K Cr
₹2.2K Cr
₹2.3K Cr
₹2.3K Cr
₹2.4K Cr
₹2.3K Cr
₹2.6K Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹393 Cr
₹577 Cr
₹574 Cr
₹559 Cr
₹521 Cr
₹578 Cr
₹581 Cr
₹523 Cr
₹539 Cr
₹600 Cr
₹600 Cr
₹607 Cr
₹571 Cr
₹661 Cr
₹677 Cr
₹669 Cr
₹657 Cr
₹787 Cr
₹817 Cr
₹815 Cr
Pricol Ltd · PRICOLLTD
₹316 Cr
₹407 Cr
₹407 Cr
₹414 Cr
₹445 Cr
₹516 Cr
₹474 Cr
₹523 Cr
₹537 Cr
₹578 Cr
₹573 Cr
₹584 Cr
₹620 Cr
₹669 Cr
₹634 Cr
₹769 Cr
₹895 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
Revenue growth · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
8.8%
6.4%
20%
38%
31%
23%
20%
8.6%
3.4%
8.2%
18%
35%
Belrise Industries Ltd · BELRISE
—
—
—
—
29%
65%
-2.6%
9.4%
31%
-2.7%
44%
-10%
-8.5%
12%
0.3%
49%
27%
14%
8.0%
12%
L G Balakrishnan & Bros Ltd · LGBBROSLTD
—
—
—
—
33%
0.2%
1.2%
-6.4%
3.5%
3.8%
3.3%
16%
5.9%
10%
13%
10%
15%
19%
21%
22%
Pricol Ltd · PRICOLLTD
—
—
—
—
41%
27%
16%
26%
21%
12%
21%
12%
15%
16%
11%
32%
44%
51%
64%
43%
02 · compare level, then change
Operating Economics & Margin Trend
L G Balakrishnan & Bros Ltd has the highest OPM among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 14%. ASK Automotive Ltd is next at 12%. Pricol Ltd has the highest Margin change at +2 percentage points, so level and change sit with different companies. Its OPM series carries 20 reported observations across the 20-quarter window.
What the numbers say: L G Balakrishnan & Bros Ltd leads opm at 14%; Pricol Ltd leads margin change at +2 percentage points.
LeaderL G Balakrishnan & Bros Ltd · 14%
Gap16.7% versus #2 · ASK Automotive Ltd
Persistence0/8 recent comparable periods
Coverage4/4 companies · 76 observations
Investor read: L G Balakrishnan & Bros Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1L G Balakrishnan & Bros Ltd LGBBROSLTD14%
2ASK Automotive Ltd ASKAUTOLTD12%
3Pricol Ltd PRICOLLTD12%
4Belrise Industries Ltd BELRISE11%
Margin changefastest expanders
1Pricol Ltd PRICOLLTD+2.0 pp
2ASK Automotive Ltd ASKAUTOLTD0.0 pp
3Belrise Industries Ltd BELRISE−1.0 pp
4L G Balakrishnan & Bros Ltd LGBBROSLTD−1.0 pp
Operating margin · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| L G Balakrishnan & Bros Ltd LGBBROSLTD | 14% | −1.0 pp | Mar 2026 |
| ASK Automotive Ltd ASKAUTOLTD | 12% | 0.0 pp | Mar 2026 |
| Pricol Ltd PRICOLLTD | 12% | +2.0 pp | Mar 2026 |
| Belrise Industries Ltd BELRISE | 11% | −1.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
5.8%
11%
9.0%
8.0%
10%
9.0%
11%
11%
12%
12%
12%
12%
13%
13%
13%
12%
Belrise Industries Ltd · BELRISE
9.5%
9.5%
9.7%
9.2%
8.9%
8.4%
10%
7.4%
8.1%
9.4%
8.7%
12%
13%
12%
12%
12%
12%
13%
12%
11%
L G Balakrishnan & Bros Ltd · LGBBROSLTD
16%
18%
20%
19%
16%
18%
18%
17%
16%
17%
18%
17%
16%
17%
17%
15%
15%
17%
16%
14%
Pricol Ltd · PRICOLLTD
11%
12%
12%
12%
12%
12%
11%
12%
12%
12%
12%
13%
13%
12%
12%
10%
11%
12%
12%
12%
Margin change · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
+4.2 pp
−1.9 pp
+2.0 pp
+3.0 pp
+2.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
Belrise Industries Ltd · BELRISE
—
—
—
—
−0.6 pp
−1.1 pp
+0.3 pp
−1.8 pp
−0.8 pp
+1.0 pp
−1.3 pp
+4.6 pp
+4.9 pp
+2.6 pp
+3.3 pp
0.0 pp
−1.0 pp
+1.0 pp
0.0 pp
−1.0 pp
L G Balakrishnan & Bros Ltd · LGBBROSLTD
+8.2 pp
+4.5 pp
+1.8 pp
+1.0 pp
+0.7 pp
−0.8 pp
−2.2 pp
−1.8 pp
−0.3 pp
−0.7 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−1.0 pp
Pricol Ltd · PRICOLLTD
+14.0 pp
−2.2 pp
−3.4 pp
−0.1 pp
+1.4 pp
+0.1 pp
−0.6 pp
−0.3 pp
−0.1 pp
−0.1 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
−3.0 pp
−2.0 pp
0.0 pp
0.0 pp
+2.0 pp
03 · compare level, then change
Profit Scale & Acceleration
Belrise Industries Ltd has the highest Net profit among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹497 crore. L G Balakrishnan & Bros Ltd is next at ₹319 crore. Pricol Ltd has the highest Profit growth at 50.3%, so level and change sit with different companies.
What the numbers say: Belrise Industries Ltd leads with ₹497 crore of TTM profit, 55.8% above L G Balakrishnan & Bros Ltd. Pricol Ltd shows 50.3% growth from a ₹251 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderBelrise Industries Ltd · ₹497 crore
Gap55.8% versus #2 · L G Balakrishnan & Bros Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 76 observations
Investor read: Belrise Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Belrise Industries Ltd BELRISE₹497 Cr
2L G Balakrishnan & Bros Ltd LGBBROSLTD₹319 Cr
3ASK Automotive Ltd ASKAUTOLTD₹298 Cr
4Pricol Ltd PRICOLLTD₹251 Cr
Profit growthfastest growers
1Pricol Ltd PRICOLLTD50%
2Belrise Industries Ltd BELRISE40%
3ASK Automotive Ltd ASKAUTOLTD20%
4L G Balakrishnan & Bros Ltd LGBBROSLTD5.6%
Net profit · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Belrise Industries Ltd BELRISE | ₹130 Cr | 18% | Mar 2026 |
| Pricol Ltd PRICOLLTD | ₹73 Cr | 109% | Mar 2026 |
| ASK Automotive Ltd ASKAUTOLTD | ₹72 Cr | 24% | Mar 2026 |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | ₹70 Cr | -17% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
₹23 Cr
₹49 Cr
₹29 Cr
₹23 Cr
₹35 Cr
₹41 Cr
₹50 Cr
₹48 Cr
₹57 Cr
₹67 Cr
₹66 Cr
₹58 Cr
₹66 Cr
₹80 Cr
₹80 Cr
₹72 Cr
Belrise Industries Ltd · BELRISE
₹53 Cr
₹53 Cr
₹84 Cr
₹72 Cr
₹70 Cr
₹94 Cr
₹77 Cr
₹73 Cr
₹84 Cr
₹98 Cr
₹116 Cr
₹16 Cr
₹72 Cr
₹73 Cr
₹101 Cr
₹110 Cr
₹112 Cr
₹133 Cr
₹122 Cr
₹130 Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹33 Cr
₹78 Cr
₹71 Cr
₹64 Cr
₹58 Cr
₹67 Cr
₹72 Cr
₹55 Cr
₹55 Cr
₹75 Cr
₹73 Cr
₹68 Cr
₹65 Cr
₹78 Cr
₹75 Cr
₹84 Cr
₹67 Cr
₹94 Cr
₹88 Cr
₹70 Cr
Pricol Ltd · PRICOLLTD
₹6 Cr
₹15 Cr
₹17 Cr
₹13 Cr
₹21 Cr
₹48 Cr
₹27 Cr
₹30 Cr
₹32 Cr
₹33 Cr
₹34 Cr
₹42 Cr
₹46 Cr
₹45 Cr
₹41 Cr
₹35 Cr
₹50 Cr
₹64 Cr
₹64 Cr
₹73 Cr
Profit growth · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
52%
-16%
72%
109%
63%
63%
32%
21%
16%
19%
21%
24%
Belrise Industries Ltd · BELRISE
—
—
—
—
32%
77%
-8.3%
1.4%
20%
4.3%
51%
-78%
-14%
-26%
-13%
588%
56%
82%
21%
18%
L G Balakrishnan & Bros Ltd · LGBBROSLTD
—
—
—
—
76%
-14%
1.4%
-14%
-5.2%
12%
1.4%
24%
18%
4.0%
2.7%
24%
3.1%
21%
17%
-17%
Pricol Ltd · PRICOLLTD
—
—
—
—
250%
220%
59%
131%
52%
-31%
26%
40%
44%
36%
21%
-17%
8.7%
42%
56%
109%
04 · compare level, then change
Capacity Spending & Returns On It
Belrise Industries Ltd has the highest CAPEX among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹350 crore. ASK Automotive Ltd is next at ₹90 crore. The same company also holds the highest CAPEX intensity, at 15.4%. 2 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Belrise Industries Ltd reports ₹350 crore of CAPEX; Belrise Industries Ltd has the highest covered intensity at 15.4%. Coverage is only 2 of 4 companies and 12 reported observations, so this is partial evidence—not a complete sector rank.
LeaderBelrise Industries Ltd · ₹350 crore
Gap288.9% versus #2 · ASK Automotive Ltd
Persistence8/8 recent comparable periods
Coverage2/4 companies · 12 observations
Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.
This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.
CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Belrise Industries Ltd BELRISE₹350 Cr
2ASK Automotive Ltd ASKAUTOLTD₹90 Cr
CAPEX intensityhighest reinvestment intensity
1Belrise Industries Ltd BELRISE15%
2ASK Automotive Ltd ASKAUTOLTD11%
Capital expenditure · company comparison
2/4 level · 2/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | CAPEX | CAPEX intensity | Reported |
|---|---|---|---|
| Belrise Industries Ltd BELRISE | ₹350 Cr | 15% | Mar 2026 |
| ASK Automotive Ltd ASKAUTOLTD | ₹90 Cr | 11% | Mar 2026 |
Full 20-quarter history · every available company
CAPEX · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
₹13 Cr
₹29 Cr
—
—
₹80 Cr
₹90 Cr
—
—
—
—
—
—
—
—
—
—
Belrise Industries Ltd · BELRISE
₹126 Cr
₹126 Cr
—
—
—
—
—
—
—
—
₹4 Cr
₹257 Cr
₹132 Cr
₹107 Cr
₹150 Cr
₹350 Cr
—
—
—
—
CAPEX intensity · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
2.2%
3.9%
—
—
12%
11%
—
—
—
—
—
—
—
—
—
—
Belrise Industries Ltd · BELRISE
11%
11%
—
—
—
—
—
—
—
—
0.2%
17%
7.4%
5.2%
6.9%
15%
—
—
—
—
Annual capital allocation · 10-year view
4/4 capacity base · 4/4 OCF · 4/4 CAPEX · 4/4 FCF
Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.
Full annual capacity base, operating cash flow, CAPEX and free cash flow history
Capacity base · net fixed assets + CWIP · fiscal-year history
ASK Automotive Ltd · ASKAUTOLTD
—
—
₹621 Cr
₹623 Cr
₹613 Cr
₹741 Cr
₹844 Cr
₹1.1K Cr
₹1.3K Cr
₹1.7K Cr
Belrise Industries Ltd · BELRISE
—
₹1.7K Cr
—
₹2.2K Cr
₹2.3K Cr
₹0 Cr
₹2.5K Cr
₹2.6K Cr
₹3.2K Cr
₹3.3K Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹421 Cr
₹451 Cr
₹569 Cr
₹594 Cr
₹558 Cr
₹523 Cr
₹519 Cr
₹620 Cr
₹834 Cr
₹1.1K Cr
Pricol Ltd · PRICOLLTD
₹766 Cr
₹904 Cr
₹713 Cr
₹753 Cr
₹662 Cr
₹620 Cr
₹612 Cr
₹670 Cr
₹941 Cr
₹1.2K Cr
Operating cash flow · fiscal-year history
ASK Automotive Ltd · ASKAUTOLTD
—
—
₹176 Cr
₹247 Cr
₹136 Cr
₹144 Cr
₹139 Cr
₹303 Cr
₹360 Cr
₹301 Cr
Belrise Industries Ltd · BELRISE
—
—
—
₹520 Cr
₹97 Cr
₹474 Cr
₹789 Cr
₹582 Cr
₹704 Cr
₹876 Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹150 Cr
₹128 Cr
₹102 Cr
₹203 Cr
₹226 Cr
₹202 Cr
₹304 Cr
₹343 Cr
₹288 Cr
₹332 Cr
Pricol Ltd · PRICOLLTD
₹58 Cr
₹95 Cr
₹44 Cr
₹151 Cr
₹128 Cr
₹183 Cr
₹163 Cr
₹255 Cr
₹223 Cr
₹281 Cr
CAPEX · reported cash flow · fiscal-year history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
₹54 Cr
₹42 Cr
₹184 Cr
₹164 Cr
₹281 Cr
₹365 Cr
₹500 Cr
Belrise Industries Ltd · BELRISE
—
—
—
—
₹363 Cr
₹-2.1K Cr
₹2.8K Cr
₹451 Cr
₹854 Cr
₹542 Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹83 Cr
₹88 Cr
₹186 Cr
₹104 Cr
₹47 Cr
₹48 Cr
₹75 Cr
₹179 Cr
₹306 Cr
₹410 Cr
Pricol Ltd · PRICOLLTD
₹789 Cr
₹212 Cr
₹-97 Cr
₹136 Cr
₹3 Cr
₹40 Cr
₹70 Cr
₹140 Cr
₹361 Cr
₹336 Cr
Free cash flow · fiscal-year history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
₹193 Cr
₹94 Cr
₹-40 Cr
₹-25 Cr
₹22 Cr
₹-5 Cr
₹-199 Cr
Belrise Industries Ltd · BELRISE
—
—
—
—
₹-266 Cr
₹2.5K Cr
₹-2.0K Cr
₹131 Cr
₹-150 Cr
₹334 Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹67 Cr
₹40 Cr
₹-84 Cr
₹99 Cr
₹179 Cr
₹154 Cr
₹229 Cr
₹164 Cr
₹-18 Cr
₹-78 Cr
Pricol Ltd · PRICOLLTD
₹-731 Cr
₹-117 Cr
₹141 Cr
₹15 Cr
₹125 Cr
₹143 Cr
₹93 Cr
₹115 Cr
₹-138 Cr
₹-55 Cr
05 · compare level, then change
Debt Load & Balance-Sheet Headroom
L G Balakrishnan & Bros Ltd has the lowest Gross debt among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹190 crore. Pricol Ltd is next at ₹379 crore. The same company also holds the lowest Net debt, at ₹33 crore net cash. 4 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: L G Balakrishnan & Bros Ltd has the clearest covered balance-sheet capacity with ₹33 crore net cash and gross debt of ₹190 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.
LeaderL G Balakrishnan & Bros Ltd · ₹190 crore
Gap49.9% versus #2 · Pricol Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 73 observations
Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.
This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.
Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1L G Balakrishnan & Bros Ltd LGBBROSLTD₹190 Cr
2Pricol Ltd PRICOLLTD₹379 Cr
3ASK Automotive Ltd ASKAUTOLTD₹679 Cr
4Belrise Industries Ltd BELRISE₹1.5K Cr
Net debtlowest net debt
1L G Balakrishnan & Bros Ltd LGBBROSLTD₹-33 Cr
2Pricol Ltd PRICOLLTD₹253 Cr
3ASK Automotive Ltd ASKAUTOLTD₹666 Cr
4Belrise Industries Ltd BELRISE₹680 Cr
Debt and balance-sheet capacity · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Gross debt | Net debt | Reported |
|---|---|---|---|
| Belrise Industries Ltd BELRISE | ₹1.5K Cr | ₹680 Cr | Mar 2026 |
| ASK Automotive Ltd ASKAUTOLTD | ₹679 Cr | ₹666 Cr | Mar 2026 |
| Pricol Ltd PRICOLLTD | ₹379 Cr | ₹253 Cr | Mar 2026 |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | ₹190 Cr | ₹-33 Cr | Mar 2026 |
Full 20-quarter history · every available company
Gross debt · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
₹175 Cr
₹175 Cr
—
—
₹328 Cr
₹395 Cr
₹438 Cr
₹438 Cr
₹346 Cr
₹346 Cr
₹400 Cr
₹400 Cr
₹412 Cr
₹412 Cr
₹612 Cr
₹612 Cr
₹679 Cr
Belrise Industries Ltd · BELRISE
₹2.1K Cr
₹2.4K Cr
—
₹2.5K Cr
₹2.6K Cr
₹2.7K Cr
₹2.7K Cr
₹2.4K Cr
₹2.4K Cr
₹2.3K Cr
—
₹2.5K Cr
₹2.5K Cr
₹2.6K Cr
₹2.7K Cr
₹3.0K Cr
₹3.0K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹91 Cr
₹83 Cr
₹83 Cr
₹104 Cr
₹100 Cr
₹113 Cr
₹113 Cr
₹104 Cr
₹104 Cr
₹80 Cr
₹80 Cr
₹115 Cr
₹115 Cr
₹100 Cr
₹100 Cr
₹157 Cr
₹157 Cr
₹180 Cr
₹195 Cr
₹190 Cr
Pricol Ltd · PRICOLLTD
₹279 Cr
₹250 Cr
₹250 Cr
₹153 Cr
₹153 Cr
₹94 Cr
₹94 Cr
₹110 Cr
₹110 Cr
₹98 Cr
₹98 Cr
₹61 Cr
₹61 Cr
₹54 Cr
₹54 Cr
₹279 Cr
₹135 Cr
₹169 Cr
₹120 Cr
₹379 Cr
Net debt · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
₹173 Cr
—
—
₹326 Cr
₹390 Cr
₹433 Cr
₹433 Cr
₹334 Cr
₹333 Cr
₹397 Cr
₹397 Cr
₹392 Cr
₹392 Cr
₹602 Cr
₹602 Cr
₹666 Cr
Belrise Industries Ltd · BELRISE
₹2.0K Cr
₹2.3K Cr
—
₹2.5K Cr
₹2.5K Cr
₹2.6K Cr
₹2.6K Cr
₹2.2K Cr
₹2.2K Cr
₹2.1K Cr
—
₹2.3K Cr
₹2.5K Cr
₹2.5K Cr
₹2.7K Cr
₹2.9K Cr
₹2.8K Cr
₹1.0K Cr
₹1.0K Cr
₹680 Cr
L G Balakrishnan & Bros Ltd · LGBBROSLTD
₹-55 Cr
₹-120 Cr
₹-120 Cr
₹-183 Cr
₹-183 Cr
₹-185 Cr
₹-185 Cr
₹-242 Cr
₹-244 Cr
₹-460 Cr
₹-460 Cr
₹-225 Cr
₹-245 Cr
₹-378 Cr
₹-378 Cr
₹-258 Cr
₹-258 Cr
₹-36 Cr
₹-36 Cr
₹-33 Cr
Pricol Ltd · PRICOLLTD
₹213 Cr
₹197 Cr
₹197 Cr
₹101 Cr
₹101 Cr
₹27 Cr
₹27 Cr
₹23 Cr
₹23 Cr
₹-4 Cr
₹-4 Cr
₹-57 Cr
₹-57 Cr
₹-52 Cr
₹-52 Cr
₹170 Cr
₹26 Cr
₹10 Cr
₹10 Cr
₹253 Cr
06 · compare level, then change
Return On Capital Employed
ASK Automotive Ltd has the highest ROCE among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 25.4%. Pricol Ltd is next at 24.5%. Pricol Ltd has the highest ROCE change at +5.9 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: ASK Automotive Ltd leads ROCE at 25.4%, 0.9 percentage points above Pricol Ltd. Pricol Ltd has the strongest latest improvement at +5.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderASK Automotive Ltd · 25.4%
Gap3.7% versus #2 · Pricol Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 57 observations
Investor read: ASK Automotive Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1ASK Automotive Ltd ASKAUTOLTD25%
2Pricol Ltd PRICOLLTD25%
3L G Balakrishnan & Bros Ltd LGBBROSLTD20%
4Belrise Industries Ltd BELRISE15%
ROCE changefastest improvers
1Pricol Ltd PRICOLLTD+5.9 pp
2L G Balakrishnan & Bros Ltd LGBBROSLTD0.0 pp
3ASK Automotive Ltd ASKAUTOLTD−1.0 pp
4Belrise Industries Ltd BELRISE−2.5 pp
Return on capital · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Pricol Ltd PRICOLLTD | 27% | +5.9 pp | Mar 2026 |
| ASK Automotive Ltd ASKAUTOLTD | 23% | −1.0 pp | Mar 2026 |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | 16% | 0.0 pp | Mar 2026 |
| Belrise Industries Ltd BELRISE | 13% | −2.5 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
20%
20%
17%
22%
20%
28%
23%
29%
24%
29%
23%
28%
23%
Belrise Industries Ltd · BELRISE
—
22%
—
15%
—
16%
—
16%
—
16%
—
15%
16%
15%
14%
16%
20%
13%
18%
13%
L G Balakrishnan & Bros Ltd · LGBBROSLTD
—
26%
—
26%
—
25%
—
21%
—
20%
26%
19%
25%
17%
23%
16%
22%
17%
22%
16%
Pricol Ltd · PRICOLLTD
—
19%
—
15%
—
21%
—
20%
—
21%
24%
23%
26%
23%
26%
21%
24%
22%
28%
27%
ROCE change · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
—
—
—
+0.5 pp
+7.7 pp
+5.9 pp
+7.8 pp
+3.4 pp
+1.4 pp
−0.4 pp
−0.9 pp
−1.0 pp
Belrise Industries Ltd · BELRISE
—
—
—
—
—
−6.5 pp
—
+1.9 pp
—
+0.3 pp
—
−1.1 pp
—
−0.5 pp
—
+0.2 pp
+3.5 pp
−2.3 pp
+3.2 pp
−2.5 pp
L G Balakrishnan & Bros Ltd · LGBBROSLTD
—
—
—
—
—
−1.0 pp
—
−4.5 pp
—
−4.8 pp
—
−2.6 pp
—
−2.9 pp
−2.5 pp
−2.3 pp
−2.8 pp
−0.5 pp
−0.8 pp
0.0 pp
Pricol Ltd · PRICOLLTD
—
—
—
—
—
+1.8 pp
—
+4.8 pp
—
+0.7 pp
—
+2.8 pp
—
+1.8 pp
+2.0 pp
−1.7 pp
−1.3 pp
−1.1 pp
+1.6 pp
+5.9 pp
07 · compare level, then change
Valuation Against Growth & Quality
Belrise Industries Ltd has the lowest Guarded PEG among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 0.53×. L G Balakrishnan & Bros Ltd is next at 1.04×. L G Balakrishnan & Bros Ltd has the lowest P/E at 15.5×, so level and change sit with different companies.
What the numbers say: Belrise Industries Ltd has the lowest comparable Guarded PEG at 0.53×, 49% below L G Balakrishnan & Bros Ltd. Only 4 of 4 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderBelrise Industries Ltd · 0.53×
Gap49% versus #2 · L G Balakrishnan & Bros Ltd
Persistence0/4 recent comparable periods
Coverage4/4 companies · 28 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Belrise Industries Ltd BELRISE0.5
2L G Balakrishnan & Bros Ltd LGBBROSLTD1.0
3Pricol Ltd PRICOLLTD1.3
4ASK Automotive Ltd ASKAUTOLTD1.6
P/Elowest P/E
1L G Balakrishnan & Bros Ltd LGBBROSLTD15.5
2Pricol Ltd PRICOLLTD30.9
3ASK Automotive Ltd ASKAUTOLTD34.0
4Belrise Industries Ltd BELRISE44.1
Valuation · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Guarded PEG | P/E | Reported |
|---|---|---|---|
| ASK Automotive Ltd ASKAUTOLTD | 1.6 | 30.5 | Mar 2026 |
| Pricol Ltd PRICOLLTD | 1.3 | 30.1 | Mar 2026 |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | 1.0 | 16.9 | Mar 2026 |
| Belrise Industries Ltd BELRISE | 0.5 | 31.7 | Mar 2026 |
Full 20-quarter history · every available company
Guarded PEG · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
—
—
2.2
—
—
—
1.3
—
2.6
1.4
1.7
1.6
Belrise Industries Ltd · BELRISE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.5
—
—
—
L G Balakrishnan & Bros Ltd · LGBBROSLTD
—
—
—
—
—
0.2
0.4
0.7
—
—
—
—
1.4
1.6
1.7
1.6
2.6
—
1.1
1.0
Pricol Ltd · PRICOLLTD
—
—
—
—
1.3
—
—
—
—
—
1.1
1.3
2.1
1.9
1.1
0.9
1.8
3.4
2.8
1.3
P/E · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
—
—
46.7
45.8
41.2
44.6
41.4
37.0
41.7
42.6
35.4
30.5
Belrise Industries Ltd · BELRISE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
19.3
28.0
31.0
31.7
L G Balakrishnan & Bros Ltd · LGBBROSLTD
11.6
8.2
10.1
7.7
7.9
9.7
8.7
9.4
15.1
13.7
15.8
15.9
16.9
15.9
14.6
13.7
14.1
15.7
18.8
16.9
Pricol Ltd · PRICOLLTD
28.2
14.3
31.2
38.0
29.1
35.3
25.5
25.1
23.8
31.2
38.1
36.8
42.6
37.5
41.3
31.7
32.9
38.4
39.9
30.1
08 · compare level, then change
Enterprise Value & Book Value
L G Balakrishnan & Bros Ltd has the lowest EV/EBITDA among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 10.1×. Belrise Industries Ltd is next at 14.2×. The same company also holds the lowest P/BV, at 2.28×. 4 of 4 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: L G Balakrishnan & Bros Ltd leads both ev/ebitda at 10.1× and p/bv at 2.28×.
LeaderL G Balakrishnan & Bros Ltd · 10.1×
Gap28.9% versus #2 · Belrise Industries Ltd
Persistence0/8 recent comparable periods
Coverage4/4 companies · 54 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1L G Balakrishnan & Bros Ltd LGBBROSLTD10.1
2Belrise Industries Ltd BELRISE14.2
3Pricol Ltd PRICOLLTD15.0
4ASK Automotive Ltd ASKAUTOLTD17.7
P/BVlowest P/BV
1L G Balakrishnan & Bros Ltd LGBBROSLTD2.3
2Belrise Industries Ltd BELRISE3.9
3Pricol Ltd PRICOLLTD6.1
4ASK Automotive Ltd ASKAUTOLTD7.7
Enterprise and book valuation · company comparison
4/4 level · 4/4 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | EV/EBITDA | P/BV | Reported |
|---|---|---|---|
| ASK Automotive Ltd ASKAUTOLTD | 17.7 | 7.5 | Mar 2026 |
| Pricol Ltd PRICOLLTD | 15.0 | 5.7 | Mar 2026 |
| Belrise Industries Ltd BELRISE | 14.2 | 3.3 | Mar 2026 |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | 10.1 | 2.7 | Mar 2026 |
Full 20-quarter history · every available company
EV/EBITDA · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
—
—
25.5
25.1
22.8
24.8
23.7
21.5
23.7
24.1
20.5
17.7
Belrise Industries Ltd · BELRISE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
10.7
13.2
14.5
14.2
L G Balakrishnan & Bros Ltd · LGBBROSLTD
6.0
4.1
5.3
4.1
4.4
5.2
4.7
5.2
8.4
7.5
8.2
8.2
9.6
9.1
8.0
7.3
8.1
8.8
11.2
10.1
Pricol Ltd · PRICOLLTD
7.4
5.3
7.2
8.8
8.9
11.3
10.7
11.8
12.4
16.4
18.3
17.5
21.1
19.0
21.7
16.9
16.5
19.4
19.8
15.0
P/BV · reported quarter history
ASK Automotive Ltd · ASKAUTOLTD
—
—
—
—
—
—
—
—
—
—
8.0
7.8
8.8
10.7
10.0
9.5
12.6
10.5
8.2
7.5
Belrise Industries Ltd · BELRISE
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
3.5
2.8
3.3
3.3
L G Balakrishnan & Bros Ltd · LGBBROSLTD
2.0
1.5
2.1
1.8
2.1
1.9
1.7
2.1
3.2
2.5
2.7
2.7
3.3
2.6
2.2
2.1
2.4
2.4
2.9
2.7
Pricol Ltd · PRICOLLTD
2.9
2.1
2.5
2.7
2.8
3.5
3.6
4.4
4.8
5.7
6.0
6.2
8.5
6.8
7.3
5.9
6.5
6.5
6.7
5.7
09 · let price answer last
Market action
Belrise Industries Ltd has the strongest one-year price move in Auto Ancillaries - 2 Wheelers at +82.6%. It also leads on Mansfield relative strength against NIFTY at +24.4%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Auto Ancillaries - 2 Wheelers comparison names 5 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 8 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Capital expenditure have fewer than three usable current readings.
10 · the complete set
Which companies are included?
All 4 companies in the canonical Auto Ancillaries - 2 Wheelers membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
| Company | Market value | Price | Priced to | Latest fundamentals | Source standing |
|---|---|---|---|---|---|
| Belrise Industries Ltd BELRISEAHEAD26/26 WEEKS | ₹22.1K Cr | ₹228 | 2026-07-19 | Mar 2026 | Cross-checked |
| ASK Automotive Ltd ASKAUTOLTDAHEAD | ₹10.0K Cr | ₹509 | 2026-07-19 | Mar 2026 | Cross-checked |
| Pricol Ltd PRICOLLTD | ₹7.7K Cr | ₹629 | 2026-07-19 | Mar 2026 | Cross-checked |
| L G Balakrishnan & Bros Ltd LGBBROSLTD | ₹4.9K Cr | ₹1,540 | 2026-07-19 | Mar 2026 | Cross-checked |
How each company's sources stand: Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.
Evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 4 Auto Ancillaries - 2 Wheelers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24.
FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 0 unverified · 0 withheld, of 4 graded companies.
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.
Questions investors ask · short, speakable answers
Auto Ancillaries - 2 Wheelers company comparison FAQs
These 18 answers restate the Auto Ancillaries - 2 Wheelers comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.
What is the Nifty Auto Ancillaries - 2 Wheelers index?
The Nifty Auto Ancillaries - 2 Wheelers index tracks India's listed Auto Ancillaries - 2 Wheelers companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Auto Ancillaries - 2 Wheelers sector rather than to its largest constituent. Figures are as of Mar 2026.
Which are the best Auto Ancillaries - 2 Wheelers stocks in India?
Ranked by this page's four-factor score, Pricol Ltd places first among 4 listed Auto Ancillaries - 2 Wheelers companies, followed by Belrise Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Auto Ancillaries - 2 Wheelers stocks are listed in India?
This comparison covers 4 listed Auto Ancillaries - 2 Wheelers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.
Which Auto Ancillaries - 2 Wheelers company is the biggest?
Belrise Industries Ltd is the largest, with trailing-twelve-month revenue of ₹9,510 crore, ahead of ASK Automotive Ltd at ₹4,176 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.
Which Auto Ancillaries - 2 Wheelers company is growing fastest?
Pricol Ltd has the fastest revenue growth at 50.1% year on year, across 4 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Auto Ancillaries - 2 Wheelers company has the best profit margins?
L G Balakrishnan & Bros Ltd has the highest operating margin at 14%, from 4 of 4 comparable companies. Pricol Ltd shows the biggest recent improvement, at +2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Auto Ancillaries - 2 Wheelers company makes the most profit?
Belrise Industries Ltd earns the most, at ₹497 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Pricol Ltd has the fastest profit growth at 50.3%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Auto Ancillaries - 2 Wheelers company earns the highest return on capital?
ASK Automotive Ltd leads on return on capital employed at 25.4%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Auto Ancillaries - 2 Wheelers stock is the cheapest?
On guarded PEG — where a LOWER number is cheaper — Belrise Industries Ltd screens cheapest at 0.53×. Only 4 of 4 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Auto Ancillaries - 2 Wheelers company has the strongest balance sheet?
L G Balakrishnan & Bros Ltd carries the lowest comparable gross debt at ₹190 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.
Which Auto Ancillaries - 2 Wheelers company is investing most in new capacity?
Belrise Industries Ltd reports the largest capital spending at ₹350 crore, across 2 of 4 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.
Which Auto Ancillaries - 2 Wheelers stock has the strongest price momentum?
Belrise Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Auto Ancillaries - 2 Wheelers company scores highest for research priority?
Pricol Ltd scores 79.9 out of 100 with 97% evidence confidence, from 33.6 points on growth and earnings, 20.9 on capital efficiency, 13.3 on valuation and 12.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Auto Ancillaries - 2 Wheelers companies does this comparison cover, and over what period?
It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Auto Ancillaries - 2 Wheelers sector?
The 4 Auto Ancillaries - 2 Wheelers companies on this page carry ₹44,692 crore of combined market value. Belrise Industries Ltd is the largest at ₹22,076 crore, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.
How is the Auto Ancillaries - 2 Wheelers sector performing?
3 of the 4 covered Auto Ancillaries - 2 Wheelers companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.