# Auto Ancillaries - Spare Parts Accessories — company-by-company sector analysis

> Auto Ancillaries - Spare Parts Accessories: Rico Auto Industries Ltd owns the largest revenue base; Automotive Stampings & Assemblies Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

The 52-week sector comparison is unavailable. 3 of 4 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Rico Auto Industries Ltd leads with revenue of ₹2,478 crore, based on 4 of 4 comparable companies through Mar 2026. Automotive Stampings & Assemblies Ltd has the fastest current revenue growth at 28.3%, across 4 of 4 comparable companies.

### Is the Auto Ancillaries - Spare Parts Accessories 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.

### Which Auto Ancillaries - Spare Parts Accessories company is largest by revenue?

Rico Auto Industries Ltd leads with revenue of ₹2,478 crore, based on 4 of 4 comparable companies through Mar 2026.

### Which Auto Ancillaries - Spare Parts Accessories company is growing fastest?

Automotive Stampings & Assemblies Ltd has the fastest current revenue growth at 28.3%, across 4 of 4 comparable companies.

### Which Auto Ancillaries - Spare Parts Accessories company has the strongest 4-Factor Sector Score?

Automotive Stampings & Assemblies Ltd ranks first at 73.9/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Auto Ancillaries - Spare Parts Accessories company has the least gross debt?

India Motor Parts & Accessories Ltd has the lowest comparable gross debt at ₹0 crore. Rico Auto Industries Ltd has the highest at ₹728 crore.

### How much history does this Auto Ancillaries - Spare Parts Accessories comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 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.

## Sector relative strength

The 52-week comparison of Auto Ancillaries - Spare Parts Accessories 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. Rico Auto Industries Ltd is the strongest against the sector itself at +24.4%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: —
52-week sector return versus NIFTY 500: —
Stocks leading NIFTY: 3/4
Stocks leading sector: 2/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 4
Combined market value: ₹4.7K Cr

## 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.

1. Automotive Stampings & Assemblies Ltd (ASAL): 74/100 — Favorable setup; evidence 84%
   - Growth & earnings 29.3/35 | Capital efficiency 15.2/25 | Valuation 13.0/20 | Relative strength 16.4/20
   - Exact sum: 29.3 + 15.2 + 13 + 16.4 = 73.9
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Rico Auto Industries Ltd (RICOAUTO): 57/100 — Mixed-positive evidence; evidence 74%
   - Growth & earnings 22.1/35 | Capital efficiency 9.8/25 | Valuation 7.7/20 | Relative strength 17.0/20
   - Exact sum: 22.1 + 9.8 + 7.7 + 17 = 56.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. India Motor Parts & Accessories Ltd (IMPAL): 52/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 16.8/35 | Capital efficiency 11.3/25 | Valuation 9.6/20 | Relative strength 14.3/20
   - Exact sum: 16.8 + 11.3 + 9.6 + 14.3 = 52
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. IST Ltd (508807): 43/100 — Mixed-negative evidence; evidence 76%
   - Growth & earnings 13.5/35 | Capital efficiency 16.4/25 | Valuation 12.2/20 | Relative strength 0.7/20
   - Exact sum: 13.5 + 16.4 + 12.2 + 0.7 = 42.8
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Revenue Scale & Growth Durability

What the numbers say: Rico Auto Industries Ltd is the scale leader at ₹2,478 crore, 155.2% ahead of Automotive Stampings & Assemblies Ltd. Automotive Stampings & Assemblies Ltd's growth is 28.3% from a ₹971 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Rico Auto Industries Ltd is the scale benchmark; Automotive Stampings & Assemblies Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Rico Auto Industries Ltd's growth falls below Automotive Stampings & Assemblies Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Rico Auto Industries Ltd · ₹2,478 crore | 155.2% versus #2 · Automotive Stampings & Assemblies Ltd | 7/8 recent comparable periods | 4/4 companies · 56 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Rico Auto Industries Ltd (RICOAUTO): ₹2.5K Cr
2. Automotive Stampings & Assemblies Ltd (ASAL): ₹971 Cr
3. India Motor Parts & Accessories Ltd (IMPAL): ₹753 Cr
4. IST Ltd (508807): ₹126 Cr

### Revenue growth — fastest growers
1. Automotive Stampings & Assemblies Ltd (ASAL): 28%
2. Rico Auto Industries Ltd (RICOAUTO): 12%
3. IST Ltd (508807): 9.7%
4. India Motor Parts & Accessories Ltd (IMPAL): 2.0%

### 20-quarter Revenue history
- 508807: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹25 Cr | Mar 2023 ₹37 Cr | Jun 2023 ₹29 Cr | Sep 2023 ₹24 Cr | Dec 2023 ₹28 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹29 Cr | Sep 2024 ₹31 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹28 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹29 Cr | Dec 2025 ₹34 Cr | Mar 2026 ₹34 Cr | Jun 2026 —
- RICOAUTO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹498 Cr | Dec 2022 ₹548 Cr | Mar 2023 ₹603 Cr | Jun 2023 ₹534 Cr | Sep 2023 ₹554 Cr | Dec 2023 ₹524 Cr | Mar 2024 ₹548 Cr | Jun 2024 ₹540 Cr | Sep 2024 ₹576 Cr | Dec 2024 ₹552 Cr | Mar 2025 ₹545 Cr | Jun 2025 ₹543 Cr | Sep 2025 ₹627 Cr | Dec 2025 ₹629 Cr | Mar 2026 ₹677 Cr | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 ₹183 Cr | Mar 2022 ₹177 Cr | Jun 2022 ₹189 Cr | Sep 2022 ₹176 Cr | Dec 2022 ₹191 Cr | Mar 2023 ₹170 Cr | Jun 2023 ₹195 Cr | Sep 2023 ₹182 Cr | Dec 2023 ₹186 Cr | Mar 2024 ₹179 Cr | Jun 2024 ₹198 Cr | Sep 2024 ₹190 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹193 Cr | Mar 2023 ₹210 Cr | Jun 2023 ₹219 Cr | Sep 2023 ₹212 Cr | Dec 2023 ₹216 Cr | Mar 2024 ₹232 Cr | Jun 2024 ₹192 Cr | Sep 2024 ₹197 Cr | Dec 2024 ₹198 Cr | Mar 2025 ₹188 Cr | Jun 2025 ₹173 Cr | Sep 2025 ₹212 Cr | Dec 2025 ₹250 Cr | Mar 2026 ₹256 Cr | Jun 2026 ₹253 Cr

### 20-quarter Revenue growth history
- 508807: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 13% | Mar 2024 -22% | Jun 2024 0.8% | Sep 2024 28% | Dec 2024 -2.8% | Mar 2025 -2.5% | Jun 2025 2.1% | Sep 2025 -6.5% | Dec 2025 23% | Mar 2026 22% | Jun 2026 —
- RICOAUTO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 11% | Dec 2023 -4.5% | Mar 2024 -9.1% | Jun 2024 1.1% | Sep 2024 4.0% | Dec 2024 5.4% | Mar 2025 -0.6% | Jun 2025 0.7% | Sep 2025 9.0% | Dec 2025 14% | Mar 2026 24% | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 4.4% | Mar 2023 -4.0% | Jun 2023 3.2% | Sep 2023 3.4% | Dec 2023 -2.6% | Mar 2024 5.3% | Jun 2024 1.5% | Sep 2024 4.4% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 12% | Mar 2024 11% | Jun 2024 -12% | Sep 2024 -7.1% | Dec 2024 -8.5% | Mar 2025 -19% | Jun 2025 -9.8% | Sep 2025 7.4% | Dec 2025 26% | Mar 2026 36% | Jun 2026 46%

## Operating Economics & Margin Trend

What the numbers say: IST Ltd leads opm at 37.1%; India Motor Parts & Accessories Ltd leads margin change at 0 percentage points.

Investor read: IST 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.

Evidence: IST Ltd · 37.1% | 363.8% versus #2 · India Motor Parts & Accessories Ltd | 2/8 recent comparable periods | 4/4 companies · 71 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. IST Ltd (508807): 37%
2. India Motor Parts & Accessories Ltd (IMPAL): 8.0%
3. Rico Auto Industries Ltd (RICOAUTO): 7.1%
4. Automotive Stampings & Assemblies Ltd (ASAL): 5.6%

### Margin change — fastest expanders
1. India Motor Parts & Accessories Ltd (IMPAL): 0.0 pp
2. Automotive Stampings & Assemblies Ltd (ASAL): −0.6 pp
3. Rico Auto Industries Ltd (RICOAUTO): −2.2 pp
4. IST Ltd (508807): −33.1 pp

### 20-quarter OPM history
- 508807: Sep 2021 69% | Dec 2021 68% | Mar 2022 41% | Jun 2022 38% | Sep 2022 84% | Dec 2022 73% | Mar 2023 53% | Jun 2023 80% | Sep 2023 78% | Dec 2023 73% | Mar 2024 71% | Jun 2024 80% | Sep 2024 62% | Dec 2024 72% | Mar 2025 70% | Jun 2025 72% | Sep 2025 71% | Dec 2025 60% | Mar 2026 37% | Jun 2026 —
- RICOAUTO: Sep 2021 8.5% | Dec 2021 9.2% | Mar 2022 8.5% | Jun 2022 8.4% | Sep 2022 9.0% | Dec 2022 10% | Mar 2023 11% | Jun 2023 9.5% | Sep 2023 9.8% | Dec 2023 11% | Mar 2024 11% | Jun 2024 8.0% | Sep 2024 8.6% | Dec 2024 8.2% | Mar 2025 9.3% | Jun 2025 9.9% | Sep 2025 9.7% | Dec 2025 9.6% | Mar 2026 7.1% | Jun 2026 —
- IMPAL: Sep 2021 8.5% | Dec 2021 8.0% | Mar 2022 11% | Jun 2022 8.0% | Sep 2022 8.0% | Dec 2022 8.0% | Mar 2023 11% | Jun 2023 8.0% | Sep 2023 8.0% | Dec 2023 7.0% | Mar 2024 8.0% | Jun 2024 7.0% | Sep 2024 8.0% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 3.5% | Dec 2021 4.0% | Mar 2022 1.2% | Jun 2022 2.9% | Sep 2022 3.8% | Dec 2022 4.3% | Mar 2023 5.0% | Jun 2023 5.0% | Sep 2023 5.4% | Dec 2023 5.7% | Mar 2024 6.8% | Jun 2024 6.4% | Sep 2024 5.8% | Dec 2024 5.8% | Mar 2025 7.0% | Jun 2025 6.2% | Sep 2025 5.9% | Dec 2025 6.8% | Mar 2026 7.1% | Jun 2026 5.6%

### 20-quarter Margin change history
- 508807: Sep 2021 −14.6 pp | Dec 2021 −8.2 pp | Mar 2022 −24.9 pp | Jun 2022 −43.0 pp | Sep 2022 +15.1 pp | Dec 2022 +4.9 pp | Mar 2023 +11.9 pp | Jun 2023 +41.3 pp | Sep 2023 −6.3 pp | Dec 2023 −0.3 pp | Mar 2024 +17.9 pp | Jun 2024 +0.1 pp | Sep 2024 −15.5 pp | Dec 2024 −0.9 pp | Mar 2025 −0.3 pp | Jun 2025 −7.5 pp | Sep 2025 +8.4 pp | Dec 2025 −12.3 pp | Mar 2026 −33.1 pp | Jun 2026 —
- RICOAUTO: Sep 2021 +2.8 pp | Dec 2021 +0.5 pp | Mar 2022 +0.0 pp | Jun 2022 +1.1 pp | Sep 2022 +0.5 pp | Dec 2022 +0.8 pp | Mar 2023 +2.6 pp | Jun 2023 +1.1 pp | Sep 2023 +0.8 pp | Dec 2023 +1.1 pp | Mar 2024 −0.3 pp | Jun 2024 −1.4 pp | Sep 2024 −1.2 pp | Dec 2024 −2.9 pp | Mar 2025 −1.5 pp | Jun 2025 +1.9 pp | Sep 2025 +1.1 pp | Dec 2025 +1.4 pp | Mar 2026 −2.2 pp | Jun 2026 —
- IMPAL: Sep 2021 +2.1 pp | Dec 2021 −1.6 pp | Mar 2022 −1.0 pp | Jun 2022 +0.8 pp | Sep 2022 −0.5 pp | Dec 2022 0.0 pp | Mar 2023 0.0 pp | Jun 2023 0.0 pp | Sep 2023 0.0 pp | Dec 2023 −1.0 pp | Mar 2024 −3.0 pp | Jun 2024 −1.0 pp | Sep 2024 0.0 pp | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 +5.7 pp | Dec 2021 +0.8 pp | Mar 2022 −4.5 pp | Jun 2022 +1.1 pp | Sep 2022 +0.2 pp | Dec 2022 +0.3 pp | Mar 2023 +3.8 pp | Jun 2023 +2.2 pp | Sep 2023 +1.7 pp | Dec 2023 +1.4 pp | Mar 2024 +1.8 pp | Jun 2024 +1.4 pp | Sep 2024 +0.3 pp | Dec 2024 +0.1 pp | Mar 2025 +0.2 pp | Jun 2025 −0.2 pp | Sep 2025 +0.2 pp | Dec 2025 +1.0 pp | Mar 2026 +0.1 pp | Jun 2026 −0.6 pp

## Profit Scale & Acceleration

What the numbers say: IST Ltd leads with ₹154 crore of TTM profit, 94.3% above India Motor Parts & Accessories Ltd. Rico Auto Industries Ltd shows ≥100% on the scoring scale (144.8% uncapped) growth from a ₹52 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: IST 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.

Evidence: IST Ltd · ₹154 crore | 94.3% versus #2 · India Motor Parts & Accessories Ltd | 4/8 recent comparable periods | 4/4 companies · 56 observations

Definition: 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 profit — largest
1. IST Ltd (508807): ₹154 Cr
2. India Motor Parts & Accessories Ltd (IMPAL): ₹79 Cr
3. Rico Auto Industries Ltd (RICOAUTO): ₹52 Cr
4. Automotive Stampings & Assemblies Ltd (ASAL): ₹30 Cr

### Profit growth — fastest growers
1. Rico Auto Industries Ltd (RICOAUTO): 100%
2. Automotive Stampings & Assemblies Ltd (ASAL): 95%
3. IST Ltd (508807): 9.7%
4. India Motor Parts & Accessories Ltd (IMPAL): 2.6%

### 20-quarter Net profit history
- 508807: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹21 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹37 Cr | Sep 2023 ₹32 Cr | Dec 2023 ₹32 Cr | Mar 2024 ₹25 Cr | Jun 2024 ₹53 Cr | Sep 2024 ₹47 Cr | Dec 2024 ₹23 Cr | Mar 2025 ₹17 Cr | Jun 2025 ₹72 Cr | Sep 2025 ₹29 Cr | Dec 2025 ₹62 Cr | Mar 2026 ₹-10 Cr | Jun 2026 —
- RICOAUTO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹13 Cr | Dec 2022 ₹10 Cr | Mar 2023 ₹26 Cr | Jun 2023 ₹6 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹11 Cr | Mar 2024 ₹16 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹2 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹17 Cr | Sep 2025 ₹18 Cr | Dec 2025 ₹11 Cr | Mar 2026 ₹7 Cr | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 ₹13 Cr | Mar 2022 ₹22 Cr | Jun 2022 ₹16 Cr | Sep 2022 ₹21 Cr | Dec 2022 ₹13 Cr | Mar 2023 ₹25 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹15 Cr | Mar 2024 ₹20 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹23 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹2 Cr | Mar 2023 ₹3 Cr | Jun 2023 ₹4 Cr | Sep 2023 ₹4 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹4 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹3 Cr | Sep 2025 ₹4 Cr | Dec 2025 ₹7 Cr | Mar 2026 ₹13 Cr | Jun 2026 ₹5 Cr

### 20-quarter Profit growth history
- 508807: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 54% | Mar 2024 31% | Jun 2024 43% | Sep 2024 46% | Dec 2024 -28% | Mar 2025 -32% | Jun 2025 37% | Sep 2025 -39% | Dec 2025 166% | Mar 2026 -157% | Jun 2026 —
- RICOAUTO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 -50% | Dec 2023 5.0% | Mar 2024 -37% | Jun 2024 -1.2% | Sep 2024 2.0% | Dec 2024 -82% | Mar 2025 -55% | Jun 2025 196% | Sep 2025 170% | Dec 2025 504% | Mar 2026 -6.7% | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.0% | Mar 2023 14% | Jun 2023 13% | Sep 2023 0.0% | Dec 2023 15% | Mar 2024 -20% | Jun 2024 17% | Sep 2024 9.5% | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 132% | Mar 2024 154% | Jun 2024 4.2% | Sep 2024 7.3% | Dec 2024 -25% | Mar 2025 -35% | Jun 2025 -36% | Sep 2025 2.6% | Dec 2025 109% | Mar 2026 169% | Jun 2026 85%

## Capacity Spending & Returns On It

What the numbers say: There is not enough comparable evidence to name a reliable capex leader.

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.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: 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.

### CAPEX — largest spenders

### CAPEX intensity — highest reinvestment intensity

### 20-quarter CAPEX history

### 20-quarter CAPEX intensity history

## Debt Load & Balance-Sheet Headroom

What the numbers say: India Motor Parts & Accessories Ltd has the clearest covered balance-sheet capacity with ₹132 crore net cash and gross debt of ₹0 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

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.

Evidence: India Motor Parts & Accessories Ltd · ₹0 crore | 100% versus #2 · IST Ltd | 2/2 recent comparable periods | 4/4 companies · 50 observations

Definition: 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 debt — lowest gross debt
1. India Motor Parts & Accessories Ltd (IMPAL): ₹0 Cr
2. IST Ltd (508807): ₹4 Cr
3. Automotive Stampings & Assemblies Ltd (ASAL): ₹124 Cr
4. Rico Auto Industries Ltd (RICOAUTO): ₹728 Cr

### Net debt — lowest net debt
1. India Motor Parts & Accessories Ltd (IMPAL): ₹-132 Cr
2. Automotive Stampings & Assemblies Ltd (ASAL): ₹105 Cr
3. Rico Auto Industries Ltd (RICOAUTO): ₹712 Cr

### 20-quarter Gross debt history
- 508807: Sep 2021 — | Dec 2021 — | Mar 2022 ₹14 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹16 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹5 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹6 Cr | Jun 2025 — | Sep 2025 ₹5 Cr | Dec 2025 — | Mar 2026 ₹4 Cr | Jun 2026 —
- RICOAUTO: Sep 2021 ₹614 Cr | Dec 2021 ₹614 Cr | Mar 2022 ₹599 Cr | Jun 2022 ₹599 Cr | Sep 2022 ₹692 Cr | Dec 2022 ₹692 Cr | Mar 2023 ₹754 Cr | Jun 2023 ₹754 Cr | Sep 2023 ₹725 Cr | Dec 2023 ₹725 Cr | Mar 2024 ₹688 Cr | Jun 2024 ₹688 Cr | Sep 2024 ₹726 Cr | Dec 2024 ₹726 Cr | Mar 2025 ₹697 Cr | Jun 2025 ₹697 Cr | Sep 2025 ₹692 Cr | Dec 2025 ₹692 Cr | Mar 2026 ₹728 Cr | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹5 Cr | Jun 2022 ₹5 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 ₹0 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹0 Cr | Jun 2024 — | Sep 2024 ₹0 Cr | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 ₹132 Cr | Dec 2021 ₹132 Cr | Mar 2022 ₹82 Cr | Jun 2022 ₹82 Cr | Sep 2022 ₹79 Cr | Dec 2022 ₹79 Cr | Mar 2023 ₹83 Cr | Jun 2023 ₹83 Cr | Sep 2023 ₹87 Cr | Dec 2023 ₹87 Cr | Mar 2024 ₹105 Cr | Jun 2024 ₹105 Cr | Sep 2024 ₹99 Cr | Dec 2024 ₹99 Cr | Mar 2025 ₹149 Cr | Jun 2025 ₹149 Cr | Sep 2025 ₹113 Cr | Dec 2025 ₹113 Cr | Mar 2026 ₹124 Cr | Jun 2026 ₹124 Cr

### 20-quarter Net debt history
- RICOAUTO: Sep 2021 ₹597 Cr | Dec 2021 ₹597 Cr | Mar 2022 ₹587 Cr | Jun 2022 ₹573 Cr | Sep 2022 ₹653 Cr | Dec 2022 ₹653 Cr | Mar 2023 ₹719 Cr | Jun 2023 ₹718 Cr | Sep 2023 ₹699 Cr | Dec 2023 ₹699 Cr | Mar 2024 ₹667 Cr | Jun 2024 ₹666 Cr | Sep 2024 ₹702 Cr | Dec 2024 ₹702 Cr | Mar 2025 ₹677 Cr | Jun 2025 ₹677 Cr | Sep 2025 ₹676 Cr | Dec 2025 ₹676 Cr | Mar 2026 ₹712 Cr | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 — | Mar 2022 ₹-132 Cr | Jun 2022 ₹-132 Cr | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —
- ASAL: Sep 2021 ₹123 Cr | Dec 2021 ₹123 Cr | Mar 2022 ₹78 Cr | Jun 2022 ₹78 Cr | Sep 2022 ₹78 Cr | Dec 2022 ₹78 Cr | Mar 2023 ₹80 Cr | Jun 2023 ₹80 Cr | Sep 2023 ₹83 Cr | Dec 2023 ₹83 Cr | Mar 2024 ₹103 Cr | Jun 2024 ₹103 Cr | Sep 2024 ₹95 Cr | Dec 2024 ₹95 Cr | Mar 2025 ₹145 Cr | Jun 2025 ₹145 Cr | Sep 2025 ₹111 Cr | Dec 2025 ₹111 Cr | Mar 2026 ₹105 Cr | Jun 2026 ₹105 Cr

## Return On Capital Employed

What the numbers say: Automotive Stampings & Assemblies Ltd leads ROCE at 25.3%, 12.6 percentage points above IST Ltd. Automotive Stampings & Assemblies Ltd has the strongest latest improvement at +4.6 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.

Investor read: Automotive Stampings & Assemblies 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.

Evidence: Automotive Stampings & Assemblies Ltd · 25.3% | 99.2% versus #2 · IST Ltd | 1/8 recent comparable periods | 4/4 companies · 46 observations

Definition: 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.

### ROCE — highest
1. Automotive Stampings & Assemblies Ltd (ASAL): 25%
2. IST Ltd (508807): 13%
3. Rico Auto Industries Ltd (RICOAUTO): 9.0%
4. India Motor Parts & Accessories Ltd (IMPAL): 4.6%

### ROCE change — fastest improvers
1. Automotive Stampings & Assemblies Ltd (ASAL): +4.6 pp
2. Rico Auto Industries Ltd (RICOAUTO): +2.3 pp
3. IST Ltd (508807): 0.0 pp
4. India Motor Parts & Accessories Ltd (IMPAL): 0.0 pp

### 20-quarter ROCE history
- RICOAUTO: Sep 2021 6.9% | Dec 2021 — | Mar 2022 8.2% | Jun 2022 — | Sep 2022 9.5% | Dec 2022 — | Mar 2023 10% | Jun 2023 13% | Sep 2023 10% | Dec 2023 12% | Mar 2024 9.6% | Jun 2024 10% | Sep 2024 9.2% | Dec 2024 9.4% | Mar 2025 7.2% | Jun 2025 9.9% | Sep 2025 9.0% | Dec 2025 11% | Mar 2026 9.5% | Jun 2026 —
- IMPAL: Sep 2021 3.9% | Dec 2021 — | Mar 2022 4.5% | Jun 2022 — | Sep 2022 4.5% | Dec 2022 5.9% | Mar 2023 4.6% | Jun 2023 7.1% | Sep 2023 3.5% | Dec 2023 6.0% | Mar 2024 2.5% | Jun 2024 5.2% | Sep 2024 2.0% | Dec 2024 — | Mar 2025 2.5% | Jun 2025 — | Sep 2025 2.1% | Dec 2025 — | Mar 2026 2.5% | Jun 2026 —
- ASAL: Sep 2021 -11% | Dec 2021 — | Mar 2022 109% | Jun 2022 — | Sep 2022 175% | Dec 2022 — | Mar 2023 178% | Jun 2023 — | Sep 2023 131% | Dec 2023 226% | Mar 2024 64% | Jun 2024 109% | Sep 2024 55% | Dec 2024 85% | Mar 2025 45% | Jun 2025 51% | Sep 2025 40% | Dec 2025 52% | Mar 2026 43% | Jun 2026 56%

### 20-quarter ROCE change history
- RICOAUTO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.6 pp | Dec 2022 — | Mar 2023 +1.8 pp | Jun 2023 — | Sep 2023 +0.5 pp | Dec 2023 — | Mar 2024 −0.4 pp | Jun 2024 −2.4 pp | Sep 2024 −0.8 pp | Dec 2024 −2.6 pp | Mar 2025 −2.4 pp | Jun 2025 −0.2 pp | Sep 2025 −0.2 pp | Dec 2025 +1.6 pp | Mar 2026 +2.3 pp | Jun 2026 —
- IMPAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.6 pp | Dec 2022 — | Mar 2023 +0.1 pp | Jun 2023 — | Sep 2023 −1.0 pp | Dec 2023 +0.1 pp | Mar 2024 −2.1 pp | Jun 2024 −1.9 pp | Sep 2024 −1.5 pp | Dec 2024 — | Mar 2025 0.0 pp | Jun 2025 — | Sep 2025 +0.1 pp | Dec 2025 — | Mar 2026 0.0 pp | Jun 2026 —
- ASAL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +185.9 pp | Dec 2022 — | Mar 2023 +68.8 pp | Jun 2023 — | Sep 2023 −44.2 pp | Dec 2023 — | Mar 2024 −114.1 pp | Jun 2024 — | Sep 2024 −75.3 pp | Dec 2024 −140.7 pp | Mar 2025 −19.2 pp | Jun 2025 −58.2 pp | Sep 2025 −15.2 pp | Dec 2025 −33.3 pp | Mar 2026 −1.6 pp | Jun 2026 +4.6 pp

## Valuation Against Growth & Quality

What the numbers say: There is not enough comparable evidence to name a reliable guarded peg leader.

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.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/4 companies · 0 observations

Definition: 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 PEG — lowest PEG

### P/E — lowest P/E
1. IST Ltd (508807): 4.6
2. India Motor Parts & Accessories Ltd (IMPAL): 17.1
3. Automotive Stampings & Assemblies Ltd (ASAL): 26.1
4. Rico Auto Industries Ltd (RICOAUTO): 33.3

### 20-quarter Guarded PEG history

### 20-quarter P/E history
- 508807: Sep 2021 5.5 | Dec 2021 5.4 | Mar 2022 5.2 | Jun 2022 5.0 | Sep 2022 6.5 | Dec 2022 7.1 | Mar 2023 6.2 | Jun 2023 7.6 | Sep 2023 8.2 | Dec 2023 8.5 | Mar 2024 8.9 | Jun 2024 8.7 | Sep 2024 8.7 | Dec 2024 7.6 | Mar 2025 6.4 | Jun 2025 7.8 | Sep 2025 6.5 | Dec 2025 6.3 | Mar 2026 3.8 | Jun 2026 —
- RICOAUTO: Sep 2021 41.2 | Dec 2021 23.0 | Mar 2022 14.8 | Jun 2022 20.3 | Sep 2022 20.7 | Dec 2022 30.2 | Mar 2023 24.5 | Jun 2023 25.5 | Sep 2023 21.5 | Dec 2023 23.9 | Mar 2024 39.3 | Jun 2024 45.8 | Sep 2024 40.0 | Dec 2024 30.0 | Mar 2025 27.3 | Jun 2025 47.1 | Sep 2025 38.4 | Dec 2025 42.3 | Mar 2026 24.7 | Jun 2026 —
- IMPAL: Sep 2021 16.3 | Dec 2021 16.2 | Mar 2022 16.2 | Jun 2022 16.1 | Sep 2022 13.9 | Dec 2022 12.6 | Mar 2023 10.3 | Jun 2023 13.5 | Sep 2023 12.8 | Dec 2023 16.3 | Mar 2024 15.2 | Jun 2024 18.6 | Sep 2024 22.1 | Dec 2024 20.1 | Mar 2025 15.4 | Jun 2025 18.2 | Sep 2025 16.8 | Dec 2025 16.6 | Mar 2026 15.4 | Jun 2026 —
- ASAL: Sep 2021 -7.7 | Dec 2021 -127.8 | Mar 2022 17.7 | Jun 2022 11.9 | Sep 2022 10.1 | Dec 2022 8.9 | Mar 2023 130.8 | Jun 2023 71.5 | Sep 2023 58.6 | Dec 2023 50.3 | Mar 2024 57.2 | Jun 2024 81.2 | Sep 2024 58.2 | Dec 2024 50.7 | Mar 2025 36.4 | Jun 2025 45.3 | Sep 2025 60.1 | Dec 2025 48.3 | Mar 2026 39.8 | Jun 2026 51.9

## Enterprise Value & Book Value

What the numbers say: IST Ltd leads both ev/ebitda at 2.8× and p/bv at 0.42×.

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.

Evidence: IST Ltd · 2.8× | 68.5% versus #2 · Rico Auto Industries Ltd | 0/8 recent comparable periods | 4/4 companies · 77 observations

Definition: 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/EBITDA — lowest EV/EBITDA
1. IST Ltd (508807): 2.8
2. Rico Auto Industries Ltd (RICOAUTO): 8.9
3. India Motor Parts & Accessories Ltd (IMPAL): 11.7
4. Automotive Stampings & Assemblies Ltd (ASAL): 18.5

### P/BV — lowest P/BV
1. IST Ltd (508807): 0.4
2. India Motor Parts & Accessories Ltd (IMPAL): 0.5
3. Rico Auto Industries Ltd (RICOAUTO): 2.4
4. Automotive Stampings & Assemblies Ltd (ASAL): 22.3

### 20-quarter EV/EBITDA history
- 508807: Sep 2021 3.7 | Dec 2021 3.9 | Mar 2022 3.7 | Jun 2022 3.5 | Sep 2022 4.5 | Dec 2022 4.9 | Mar 2023 4.3 | Jun 2023 5.4 | Sep 2023 5.6 | Dec 2023 6.2 | Mar 2024 6.3 | Jun 2024 6.2 | Sep 2024 6.2 | Dec 2024 5.5 | Mar 2025 4.7 | Jun 2025 5.8 | Sep 2025 5.0 | Dec 2025 4.7 | Mar 2026 2.8 | Jun 2026 —
- RICOAUTO: Sep 2021 7.6 | Dec 2021 6.8 | Mar 2022 5.9 | Jun 2022 6.2 | Sep 2022 7.2 | Dec 2022 8.7 | Mar 2023 6.9 | Jun 2023 8.2 | Sep 2023 7.5 | Dec 2023 7.7 | Mar 2024 10.7 | Jun 2024 10.7 | Sep 2024 9.7 | Dec 2024 8.2 | Mar 2025 7.3 | Jun 2025 8.4 | Sep 2025 9.2 | Dec 2025 11.5 | Mar 2026 8.9 | Jun 2026 —
- IMPAL: Sep 2021 11.8 | Dec 2021 12.5 | Mar 2022 12.4 | Jun 2022 12.1 | Sep 2022 11.2 | Dec 2022 10.2 | Mar 2023 8.2 | Jun 2023 10.6 | Sep 2023 9.8 | Dec 2023 12.4 | Mar 2024 11.7 | Jun 2024 14.8 | Sep 2024 17.2 | Dec 2024 15.4 | Mar 2025 11.7 | Jun 2025 13.9 | Sep 2025 12.8 | Dec 2025 12.6 | Mar 2026 11.7 | Jun 2026 —
- ASAL: Sep 2021 22.2 | Dec 2021 63.8 | Mar 2022 41.2 | Jun 2022 40.7 | Sep 2022 31.4 | Dec 2022 25.0 | Mar 2023 19.2 | Jun 2023 19.4 | Sep 2023 19.0 | Dec 2023 17.7 | Mar 2024 21.5 | Jun 2024 33.6 | Sep 2024 24.4 | Dec 2024 21.1 | Mar 2025 15.6 | Jun 2025 19.9 | Sep 2025 21.8 | Dec 2025 17.4 | Mar 2026 14.8 | Jun 2026 18.5

### 20-quarter P/BV history
- 508807: Sep 2021 0.7 | Dec 2021 0.6 | Mar 2022 0.6 | Jun 2022 0.5 | Sep 2022 0.5 | Dec 2022 0.6 | Mar 2023 0.5 | Jun 2023 0.6 | Sep 2023 0.8 | Dec 2023 0.8 | Mar 2024 0.9 | Jun 2024 1.0 | Sep 2024 0.9 | Dec 2024 0.8 | Mar 2025 0.7 | Jun 2025 0.8 | Sep 2025 0.7 | Dec 2025 0.6 | Mar 2026 0.4 | Jun 2026 —
- RICOAUTO: Sep 2021 1.1 | Dec 2021 1.0 | Mar 2022 0.8 | Jun 2022 0.9 | Sep 2022 1.2 | Dec 2022 1.7 | Mar 2023 1.4 | Jun 2023 2.2 | Sep 2023 1.6 | Dec 2023 1.7 | Mar 2024 2.8 | Jun 2024 2.6 | Sep 2024 2.1 | Dec 2024 1.6 | Mar 2025 1.1 | Jun 2025 1.4 | Sep 2025 1.7 | Dec 2025 2.5 | Mar 2026 1.9 | Jun 2026 —
- IMPAL: Sep 2021 0.7 | Dec 2021 0.7 | Mar 2022 0.7 | Jun 2022 0.7 | Sep 2022 0.7 | Dec 2022 0.7 | Mar 2023 0.6 | Jun 2023 0.8 | Sep 2023 0.7 | Dec 2023 0.7 | Mar 2024 0.7 | Jun 2024 1.0 | Sep 2024 0.8 | Dec 2024 0.6 | Mar 2025 0.5 | Jun 2025 0.6 | Sep 2025 0.5 | Dec 2025 0.5 | Mar 2026 0.5 | Jun 2026 —
- ASAL: Sep 2021 -1.1 | Dec 2021 -10.8 | Mar 2022 -7.9 | Jun 2022 -18.0 | Sep 2022 -19.6 | Dec 2022 -17.7 | Mar 2023 -13.0 | Jun 2023 -16.7 | Sep 2023 -24.4 | Dec 2023 -34.0 | Mar 2024 -46.5 | Jun 2024 -56.6 | Sep 2024 -160.3 | Dec 2024 2,147.2 | Mar 2025 85.9 | Jun 2025 -123.0 | Sep 2025 109.2 | Dec 2025 48.6 | Mar 2026 40.0 | Jun 2026 94.4

## Market action

Rico Auto Industries Ltd has the strongest one-year price move in Auto Ancillaries - Spare Parts Accessories at +68.8%. It also leads on Mansfield relative strength against NIFTY at +13.6%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

### Strongest one-year price performers
1. Rico Auto Industries Ltd (RICOAUTO): 69%
2. India Motor Parts & Accessories Ltd (IMPAL): -2.1%
3. Automotive Stampings & Assemblies Ltd (ASAL): -11%
4. IST Ltd (508807): -31%

### Strongest relative strength versus NIFTY 500
1. Rico Auto Industries Ltd (RICOAUTO): 14%
2. Automotive Stampings & Assemblies Ltd (ASAL): 5.4%
3. India Motor Parts & Accessories Ltd (IMPAL): 3.7%
4. IST Ltd (508807): -17%

## What can make this comparison misleading?
- 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.
- 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Rico Auto Industries Ltd (RICOAUTO) — market value ₹1.9K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- India Motor Parts & Accessories Ltd (IMPAL) — market value ₹1.3K Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- Automotive Stampings & Assemblies Ltd (ASAL) — market value ₹807 Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures
- IST Ltd (508807) — market value ₹707 Cr; latest fundamentals Mar 2026

## Source standing of each company

Cross-checked: 0. Unverified: 4. Withheld: 0. Graded companies: 4.

3 of 4 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | RICOAUTO | Rico Auto Industries Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | IMPAL | India Motor Parts & Accessories Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | ASAL | Automotive Stampings & Assemblies Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Auto Ancillaries - Spare Parts Accessories index?

The Nifty Auto Ancillaries - Spare Parts Accessories index tracks India's listed Auto Ancillaries - Spare Parts Accessories 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 - Spare Parts Accessories sector rather than to its largest constituent. Figures are as of Jun 2026.

### Which are the best Auto Ancillaries - Spare Parts Accessories stocks in India?

Ranked by this page's four-factor score, Automotive Stampings & Assemblies Ltd places first among 4 listed Auto Ancillaries - Spare Parts Accessories companies, followed by Rico Auto Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Auto Ancillaries - Spare Parts Accessories stocks are listed in India?

This comparison covers 4 listed Auto Ancillaries - Spare Parts Accessories 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 Jun 2026.

### Which Auto Ancillaries - Spare Parts Accessories company is the biggest?

Rico Auto Industries Ltd is the largest, with trailing-twelve-month revenue of ₹2,478 crore, ahead of Automotive Stampings & Assemblies Ltd at ₹971 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.

### Which Auto Ancillaries - Spare Parts Accessories company is growing fastest?

Automotive Stampings & Assemblies Ltd has the fastest revenue growth at 28.3% 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 - Spare Parts Accessories company has the best profit margins?

IST Ltd has the highest operating margin at 37.1%, from 4 of 4 comparable companies. India Motor Parts & Accessories Ltd shows the biggest recent improvement, at 0 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Auto Ancillaries - Spare Parts Accessories company makes the most profit?

IST Ltd earns the most, at ₹154 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Rico Auto Industries Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Auto Ancillaries - Spare Parts Accessories company earns the highest return on capital?

Automotive Stampings & Assemblies Ltd leads on return on capital employed at 25.3%, 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 - Spare Parts Accessories company has the strongest balance sheet?

India Motor Parts & Accessories Ltd carries the lowest comparable gross debt at ₹0 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 - Spare Parts Accessories stock has the strongest price momentum?

Rico Auto 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 - Spare Parts Accessories company scores highest for research priority?

Automotive Stampings & Assemblies Ltd scores 73.9 out of 100 with 84% evidence confidence, from 29.3 points on growth and earnings, 15.2 on capital efficiency, 13 on valuation and 16.4 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 - Spare Parts Accessories 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 Jun 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 - Spare Parts Accessories sector?

The 4 Auto Ancillaries - Spare Parts Accessories companies on this page carry ₹4,739 crore of combined market value. Rico Auto Industries Ltd is the largest at ₹1,882 crore, about 40% 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 - Spare Parts Accessories sector performing?

3 of the 4 covered Auto Ancillaries - Spare Parts Accessories 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.

Narrative sector analysis: https://www.sectoralpha.in/sectors/auto-ancillaries-spare-parts-accessories