Auto - Bus/LCVs Stocks in India

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.

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.

Revenue Scale & Growth Durability

Force Motors Ltd has the highest Revenue among the 4 Auto - Bus/LCVs companies compared here, at ₹9,057 crore. JBM Auto Ltd is next at ₹6,088 crore. Olectra Greentech Ltd has the highest Revenue growth at 28.4%, 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: Force Motors Ltd is the scale leader at ₹9,057 crore, 48.8% ahead of JBM Auto Ltd. Olectra Greentech Ltd's growth is 28.4% from a ₹2,313 crore base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Force Motors Ltd is the scale benchmark; Olectra Greentech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Force Motors Ltd's growth falls below Olectra Greentech Ltd's for two consecutive comparable reports while operating margin also compresses.

Operating Economics & Margin Trend

Force Motors Ltd has the highest OPM among the 4 Auto - Bus/LCVs companies compared here, at 16%. Olectra Greentech Ltd is next at 15%. Olectra Greentech Ltd has the highest Margin change at +3 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: Force Motors Ltd leads opm at 16%; Olectra Greentech Ltd leads margin change at +3 percentage points.

Investor read: Force Motors 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.

Profit Scale & Acceleration

Force Motors Ltd has the highest Net profit among the 4 Auto - Bus/LCVs companies compared here, at ₹1,212 crore. JBM Auto Ltd is next at ₹238 crore. The same company also holds the highest Profit growth, at 51.3%. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Force Motors Ltd leads with ₹1,212 crore of TTM profit, 409.2% above JBM Auto Ltd. Force Motors Ltd shows 51.3% growth from a ₹1,212 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Force Motors 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.

Capacity Spending & Returns On It

No company in this Auto - Bus/LCVs comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 4 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

Withheld from this comparison: JBM Auto Ltd (JBMA) — its two data sources disagree by up to 11% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Debt Load & Balance-Sheet Headroom

Force Motors Ltd has the lowest Gross debt among the 4 Auto - Bus/LCVs companies compared here, at ₹0 crore. SML Mahindra Ltd is next at ₹289 crore. The same company also holds the lowest Net debt, at ₹490 crore net cash. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Force Motors Ltd has the clearest covered balance-sheet capacity with ₹490 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.

Return On Capital Employed

Force Motors Ltd has the highest ROCE among the 4 Auto - Bus/LCVs companies compared here, at 36.1%. SML Mahindra Ltd is next at 30.9%. The same company also holds the highest ROCE change, at +1.8 percentage points. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Force Motors Ltd leads ROCE at 36.1%, 5.2 percentage points above SML Mahindra Ltd. Force Motors Ltd has the strongest latest improvement at +1.8 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: Force Motors 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.

Valuation Against Growth & Quality

Force Motors Ltd has the lowest Guarded PEG among the 4 Auto - Bus/LCVs companies compared here, at 1.57×. SML Mahindra Ltd is next at 2.5×. The same company also holds the lowest P/E, at 22×. 3 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Force Motors Ltd has the lowest comparable Guarded PEG at 1.57×, 37.2% below SML Mahindra Ltd. Only 3 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.

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.

Enterprise Value & Book Value

Force Motors Ltd has the lowest EV/EBITDA among the 4 Auto - Bus/LCVs companies compared here, at 17.7×. JBM Auto Ltd is next at 21.2×. The same company also holds the lowest P/BV, at 5.54×. 4 of 4 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: Force Motors Ltd leads both ev/ebitda at 17.7× and p/bv at 5.54×.

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.

Market action

SML Mahindra Ltd has the strongest one-year price move in Auto - Bus/LCVs at +23.5%. JBM Auto Ltd leads on Mansfield relative strength against NIFTY at +6.4%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

What can make this comparison misleading?

This Auto - Bus/LCVs comparison names 6 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 has second-feed figures withheld because the two sources disagree. 1 of the 8 ranked sections has fewer than three usable current readings.

Which companies are included?

All 4 companies in the canonical Auto - Bus/LCVs 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.

How was this comparison built?

This comparison is built from the reported filings of 4 Auto - Bus/LCVs companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

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.

Auto - Bus/LCVs company comparison FAQs

These 17 answers restate the Auto - Bus/LCVs 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 Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.