20-quarter listed-company comparison

Auto Ancillaries - Diversified Stocks in India

Auto Ancillaries - Diversified: Endurance Technologies Ltd owns the largest revenue base; Automobile Corporation Of Goa Ltd has the fastest current growth.

The 9 Auto Ancillaries - Diversified companies listed in India are Endurance Technologies Ltd (₹37.2K Cr, the largest), ZF Commercial Vehicle Control System India Ltd, Motherson Sumi Wiring India Ltd and 6 more. 6 of 9 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.

All 9 Auto Ancillaries - Diversified Stocks in India (Sep 2026) — ranked by 4-Factor score

1Carraro India Ltd₹3.0K Cr69.2/100Favorable setup · strongest on PEG and ROCE
2Jay Bharat Maruti Ltd₹1.3K Cr66.1/100Favorable setup · strongest on profit growth and relative strength versus sector
3Minda Corporation Ltd₹16.2K Cr60.5/100Mixed-positive evidence · strongest on profit growth and relative strength versus sector
4Automobile Corporation Of Goa Ltd₹1.1K Cr57.4/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
5Endurance Technologies Ltd₹37.2K Cr56.4/100Mixed-positive evidence · strongest on 13-week relative-strength change and revenue growth
6ZF Commercial Vehicle Control System India Ltd₹26.8K Cr44.3/100Mixed-negative evidence · strongest on ROCE and own-history P/E
7Motherson Sumi Wiring India Ltd₹22.7K Cr40.5/100Mixed-negative evidence · strongest on ROCE and revenue growth
8Mercury EV-Tech Ltd₹744 Cr30.8/100Adverse evidence · strongest on margin improvement and relative strength versus the benchmark
9Precision Camshafts Ltd₹1.1K Cr25.9/100Adverse evidence · strongest on financial resilience

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 25 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Auto Ancillaries - Diversified Index — Constituents & Performance

All 9 listed Indian Auto Ancillaries - Diversified companies are named here, largest first — the same constituent set people search for as the Nifty Auto Ancillaries - Diversified index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

Endurance Technologies Ltd₹37.2K Cr
ZF Commercial Vehicle Control System India Ltd₹26.8K Cr
Motherson Sumi Wiring India Ltd₹22.7K Cr
Minda Corporation Ltd₹16.2K Cr
Carraro India Ltd₹3.0K Cr
Jay Bharat Maruti Ltd₹1.3K Cr
Precision Camshafts Ltd₹1.1K Cr
Automobile Corporation Of Goa Ltd₹1.1K Cr
Mercury EV-Tech Ltd₹744 Cr

02 · the sector itself · before any single company

How has Auto Ancillaries - Diversified moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 26% ahead of NIFTY 500. Earnings across its companies grew 25% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 25 weeks running.

LEADER · ahead 25w✓Price and the fundamentals both up11 of 21 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑25w · 15/21 >200d (−1) · 11/21 lead (−1) · EPS 17/21↑

Auto Ancillaries - Diversified, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 21 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.

03 · sector relative strength, before individual stocks

Is Auto Ancillaries - Diversified outperforming NIFTY 500?

Auto Ancillaries - Diversified has underperformed NIFTY 500 by 4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 7%. 6 of 9 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Jay Bharat Maruti Ltd is the strongest against the sector itself at +12.4%.

-7.0%Sector vs NIFTY 500 · 13 weeks

-4.0%Sector vs NIFTY 500 · 52 weeks

6/9Stocks leading NIFTY 500

4/9Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

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

Auto Ancillaries - Diversified has underperformed NIFTY 500 by 4% over 52 weeks and 7% over 13 weeks. 6 of 9 covered companies beat NIFTY on Mansfield relative strength, while 4 of 9 beat the sector itself. Endurance Technologies Ltd leads with revenue of ₹15,592 crore, based on 9 of 9 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹1.1 L Cr

Endurance Technologies Ltd

Revenue growing

8/9

positive TTM year-on-year growth

Beating NIFTY 500

6/9

positive Mansfield relative strength

Comparing 5 of 9

04 · 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%

Carraro India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Carraro India LtdCARRARO	69.2/100Favorable setup93% evidence	ASLEEP	23.5/35 Revenue 26.3% · PAT 47.8% · OPM change -2 pp 100% evidence	15.4/25 ROCE 29.3% · OPM 8% 100% evidence	15.7/20 P/E 21.5× · PEG 0.42 65% evidence	14.6/20 RS sector 2.1% · RS bench 3.6% · 1Y 17.6%1 of 12 weeks ahead 100% evidence
Exact sum: 23.5 + 15.4 + 15.7 + 14.6 = 69.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Jay Bharat Maruti LtdJAYBARMARU	66.1/100Favorable setup87% evidence	FADING	24.1/35 Revenue 13.3% · PAT 100% · OPM change -2 pp 95% evidence	13.6/25 ROCE 16.6% · OPM 10% 95% evidence	14.8/20 P/E 9.5× · PEG — 50% evidence	13.6/20 RS sector 12.4% · RS bench 13.1% · 1Y 22.1%7 of 12 weeks ahead 100% evidence
Exact sum: 24.1 + 13.6 + 14.8 + 13.6 = 66.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Minda Corporation LtdMINDACORP	60.5/100Mixed-positive evidence94% evidence	FADING	26.3/35 Revenue 26.6% · PAT 94.9% · OPM change 0 pp 100% evidence	10.1/25 ROCE 12.7% · OPM 11% 100% evidence	7.8/20 P/E 40.3× · PEG 1.58 100% evidence	16.3/20 RS sector 9.7% · RS bench 15.3% · 1Y 23.6%11 of 12 weeks ahead 70% evidence
Exact sum: 26.3 + 10.1 + 7.8 + 16.3 = 60.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Automobile Corporation Of Goa LtdACGL	57.4/100Mixed-positive evidence76% evidence		22.1/35 Revenue 29.7% · PAT 11.5% · OPM change -6 pp 95% evidence	16.5/25 ROCE 29.6% · OPM 5% 76% evidence	11.6/20 P/E 17.5× · PEG — 50% evidence	7.2/20 RS sector -1.6% · RS bench -4.2% · 1Y -19.7%0 of 12 weeks ahead 70% evidence
Exact sum: 22.1 + 16.5 + 11.6 + 7.2 = 57.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Endurance Technologies LtdENDURANCE	56.4/100Mixed-positive evidence100% evidence	BREAKING OUT	20.2/35 Revenue 29.4% · PAT 13.1% · OPM change -1 pp 100% evidence	14.0/25 ROCE 17.8% · OPM 12% 100% evidence	7.3/20 P/E 37.8× · PEG 2.33 100% evidence	14.9/20 RS sector 1.8% · RS bench 3.2% · 1Y -8.1%10 of 12 weeks ahead 100% evidence
Exact sum: 20.2 + 14 + 7.3 + 14.9 = 56.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6ZF Commercial Vehicle Control System India LtdZFCVINDIA	44.3/100Mixed-negative evidence100% evidence	ASLEEP	13.1/35 Revenue 9% · PAT 3.1% · OPM change 0 pp 100% evidence	15.9/25 ROCE 19.4% · OPM 13% 100% evidence	6.3/20 P/E 53× · PEG 4.2 100% evidence	9.0/20 RS sector -1.2% · RS bench 0.4% · 1Y 6.9%2 of 12 weeks ahead 100% evidence
Exact sum: 13.1 + 15.9 + 6.3 + 9 = 44.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Motherson Sumi Wiring India LtdMSUMI	40.5/100Mixed-negative evidence100% evidence	ASLEEP	12.4/35 Revenue 28.7% · PAT 4.3% · OPM change -2 pp 100% evidence	17.4/25 ROCE 38.9% · OPM 8% 100% evidence	7.7/20 P/E 36.2× · PEG 6.28 100% evidence	3.0/20 RS sector -17.3% · RS bench -16% · 1Y -29.2%0 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 17.4 + 7.7 + 3 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Mercury EV-Tech LtdMERCURYEV	30.8/100Adverse evidence74% evidence	BREAKING OUT	10.1/35 Revenue 4.2% · PAT -47.6% · OPM change 0.4 pp 95% evidence	5.0/25 ROCE 2.6% · OPM 9.8% 95% evidence	8.5/20 P/E 163× · PEG — 15% evidence	7.2/20 RS sector -33.7% · RS bench 12.2% · 1Y -22.3%9 of 11 weeks ahead 70% evidence
Exact sum: 10.1 + 5 + 8.5 + 7.2 = 30.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Precision Camshafts LtdPRECAM	25.9/100Adverse evidence81% evidence	BASING	7.0/35 Revenue -4.9% · PAT -33.3% · OPM change -3.6 pp 95% evidence	6.8/25 ROCE 7.3% · OPM 3.8% 95% evidence	8.4/20 P/E 36.4× · PEG — 50% evidence	3.7/20 RS sector -26.3% · RS bench -18.1% · 1Y -42.6%0 of 11 weeks ahead 70% evidence
Exact sum: 7 + 6.8 + 8.4 + 3.7 = 25.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

05 · what price has already done

Market action

Minda Corporation Ltd has the strongest one-year price move in Auto Ancillaries - Diversified at +23.6%. It also leads on Mansfield relative strength against NIFTY at +15.3%. 6 of 9 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Auto Ancillaries - Diversified — the story behind the numbers

This is the written read behind the Auto Ancillaries - Diversified figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Aug 2026. It also states what would change this read.

How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026 — 37 days old. The numbers above it are newer than the words here.

What would change this read

The promised customer settlements do not land at the October-November quarter calls: sector operating margin prints below 10% for a second straight quarter while combined profit growth slows below revenue growth.

Sources: our fortnightly Auto Ancillaries - Diversified read, 22 Aug 2026.

07 · compare level, then change

Revenue Scale & Growth Durability

Endurance Technologies Ltd has the highest Revenue among the 9 Auto Ancillaries - Diversified companies compared here, at ₹15,592 crore. Motherson Sumi Wiring India Ltd is next at ₹12,391 crore. Automobile Corporation Of Goa Ltd has the highest Revenue growth at 29.7%, so level and change sit with different companies.

What the numbers say: Endurance Technologies Ltd is the scale leader at ₹15,592 crore, 25.8% ahead of Motherson Sumi Wiring India Ltd. Automobile Corporation Of Goa Ltd's growth is 29.7% from a ₹926 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderEndurance Technologies Ltd · ₹15,592 crore

Gap25.8% versus #2 · Motherson Sumi Wiring India Ltd

Persistence8/8 recent comparable periods

Coverage9/9 companies · 154 observations

Investor read: Endurance Technologies Ltd is the scale benchmark; Automobile Corporation Of Goa Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Endurance Technologies Ltd's growth falls below Automobile Corporation Of Goa 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

1Endurance Technologies Ltd ENDURANCE₹15.6K Cr

2Motherson Sumi Wiring India Ltd MSUMI₹12.4K Cr

3Minda Corporation Ltd MINDACORP₹6.6K Cr

4ZF Commercial Vehicle Control System India Ltd ZFCVINDIA₹4.2K Cr

5Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified₹2.6K Cr

Revenue growthfastest growers

1Automobile Corporation Of Goa Ltd ACGL30%

2Endurance Technologies Ltd ENDURANCE29%

3Motherson Sumi Wiring India Ltd MSUMI29%

4Minda Corporation Ltd MINDACORP27%

5Carraro India Ltd CARRARO26%

Revenue · company comparison

9/9 level · 9/9 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Endurance Technologies Ltd ENDURANCE	₹4.3K Cr	30%	Jun 2026
Motherson Sumi Wiring India Ltd MSUMI	₹3.4K Cr	37%	Jun 2026
Minda Corporation Ltd MINDACORP	₹1.8K Cr	33%	Jun 2026
ZF Commercial Vehicle Control System India Ltd ZFCVINDIA	₹1.1K Cr	9.2%	Jun 2026
Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified	₹627 Cr	13%	Jun 2026
Carraro India Ltd CARRARO	₹545 Cr	11%	Jun 2026
Automobile Corporation Of Goa Ltd ACGL	₹249 Cr	-2.7%	Jun 2026
Precision Camshafts Ltd PRECAM⚠ unverified	₹188 Cr	-3.7%	Jun 2026
Mercury EV-Tech Ltd MERCURYEV⚠ unverified	₹33 Cr	48%	Jun 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹88 Cr

Mar 2023₹137 Cr

Jun 2023₹151 Cr

Sep 2023₹124 Cr

Dec 2023₹140 Cr

Mar 2024₹169 Cr

Jun 2024₹203 Cr

Sep 2024₹130 Cr

Dec 2024₹111 Cr

Mar 2025₹217 Cr

Jun 2025₹256 Cr

Sep 2025₹206 Cr

Dec 2025₹200 Cr

Mar 2026₹271 Cr

Jun 2026₹249 Cr

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹481 Cr

Sep 2023₹481 Cr

Dec 2023₹435 Cr

Mar 2024₹393 Cr

Jun 2024₹474 Cr

Sep 2024₹441 Cr

Dec 2024₹449 Cr

Mar 2025₹444 Cr

Jun 2025₹493 Cr

Sep 2025₹586 Cr

Dec 2025₹570 Cr

Mar 2026₹607 Cr

Jun 2026₹545 Cr

Endurance Technologies Ltd · ENDURANCE

Sep 2021₹1.9K Cr

Dec 2021₹1.9K Cr

Mar 2022₹2.1K Cr

Jun 2022₹2.1K Cr

Sep 2022₹2.4K Cr

Dec 2022₹2.1K Cr

Mar 2023₹2.2K Cr

Jun 2023₹2.5K Cr

Sep 2023₹2.5K Cr

Dec 2023₹2.6K Cr

Mar 2024₹2.7K Cr

Jun 2024₹2.8K Cr

Sep 2024₹2.9K Cr

Dec 2024₹2.9K Cr

Mar 2025₹3.0K Cr

Jun 2025₹3.3K Cr

Sep 2025₹3.6K Cr

Dec 2025₹3.6K Cr

Mar 2026₹4.1K Cr

Jun 2026₹4.3K Cr

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹536 Cr

Mar 2023₹673 Cr

Jun 2023₹533 Cr

Sep 2023₹613 Cr

Dec 2023₹548 Cr

Mar 2024₹598 Cr

Jun 2024₹533 Cr

Sep 2024₹555 Cr

Dec 2024₹591 Cr

Mar 2025₹611 Cr

Jun 2025₹557 Cr

Sep 2025₹583 Cr

Dec 2025₹645 Cr

Mar 2026₹766 Cr

Jun 2026₹627 Cr

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4 Cr

Mar 2023₹7 Cr

Jun 2023₹7 Cr

Sep 2023₹6 Cr

Dec 2023₹5 Cr

Mar 2024₹6 Cr

Jun 2024₹4 Cr

Sep 2024₹19 Cr

Dec 2024₹36 Cr

Mar 2025₹31 Cr

Jun 2025₹23 Cr

Sep 2025₹34 Cr

Dec 2025₹25 Cr

Mar 2026₹20 Cr

Jun 2026₹33 Cr

Minda Corporation Ltd · MINDACORP

Sep 2021₹731 Cr

Dec 2021₹738 Cr

Mar 2022₹948 Cr

Jun 2022₹1.0K Cr

Sep 2022₹1.1K Cr

Dec 2022₹1.1K Cr

Mar 2023₹1.1K Cr

Jun 2023₹1.1K Cr

Sep 2023₹1.2K Cr

Dec 2023₹1.2K Cr

Mar 2024₹1.2K Cr

Jun 2024₹1.2K Cr

Sep 2024₹1.3K Cr

Dec 2024₹1.3K Cr

Mar 2025₹1.3K Cr

Jun 2025₹1.4K Cr

Sep 2025₹1.5K Cr

Dec 2025₹1.6K Cr

Mar 2026₹1.7K Cr

Jun 2026₹1.8K Cr

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021₹1.4K Cr

Dec 2021₹1.5K Cr

Mar 2022₹1.7K Cr

Jun 2022₹1.7K Cr

Sep 2022₹1.8K Cr

Dec 2022₹1.7K Cr

Mar 2023₹1.9K Cr

Jun 2023₹1.9K Cr

Sep 2023₹2.1K Cr

Dec 2023₹2.1K Cr

Mar 2024₹2.2K Cr

Jun 2024₹2.2K Cr

Sep 2024₹2.3K Cr

Dec 2024₹2.3K Cr

Mar 2025₹2.5K Cr

Jun 2025₹2.5K Cr

Sep 2025₹2.8K Cr

Dec 2025₹2.9K Cr

Mar 2026₹3.3K Cr

Jun 2026₹3.4K Cr

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹160 Cr

Dec 2022₹278 Cr

Mar 2023₹279 Cr

Jun 2023₹263 Cr

Sep 2023₹254 Cr

Dec 2023₹258 Cr

Mar 2024₹256 Cr

Jun 2024₹255 Cr

Sep 2024₹225 Cr

Dec 2024₹195 Cr

Mar 2025₹190 Cr

Jun 2025₹195 Cr

Sep 2025₹198 Cr

Dec 2025₹179 Cr

Mar 2026₹201 Cr

Jun 2026₹188 Cr

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021₹617 Cr

Dec 2021₹653 Cr

Mar 2022₹782 Cr

Jun 2022₹798 Cr

Sep 2022₹793 Cr

Dec 2022₹876 Cr

Mar 2023₹977 Cr

Jun 2023₹967 Cr

Sep 2023₹992 Cr

Dec 2023₹899 Cr

Mar 2024₹959 Cr

Jun 2024₹946 Cr

Sep 2024₹911 Cr

Dec 2024₹962 Cr

Mar 2025₹1.0K Cr

Jun 2025₹976 Cr

Sep 2025₹913 Cr

Dec 2025₹1.1K Cr

Mar 2026₹1.2K Cr

Jun 2026₹1.1K Cr

Revenue growth · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202359%

Mar 202423%

Jun 202434%

Sep 20244.8%

Dec 2024-21%

Mar 202528%

Jun 202526%

Sep 202558%

Dec 202580%

Mar 202625%

Jun 2026-2.7%

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-1.5%

Sep 2024-8.3%

Dec 20243.2%

Mar 202513%

Jun 20254.0%

Sep 202533%

Dec 202527%

Mar 202637%

Jun 202611%

Endurance Technologies Ltd · ENDURANCE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202225%

Sep 202225%

Dec 202211%

Mar 20237.5%

Jun 202316%

Sep 20237.8%

Dec 202322%

Mar 202420%

Jun 202415%

Sep 202414%

Dec 202412%

Mar 202510%

Jun 202517%

Sep 202523%

Dec 202526%

Mar 202638%

Jun 202630%

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20232.2%

Mar 2024-11%

Jun 20240.0%

Sep 2024-9.5%

Dec 20247.9%

Mar 20252.2%

Jun 20254.5%

Sep 20255.1%

Dec 20259.1%

Mar 202625%

Jun 202613%

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20236.5%

Mar 2024-20%

Jun 2024-47%

Sep 2024253%

Dec 2024677%

Mar 2025451%

Jun 2025483%

Sep 202575%

Dec 2025-29%

Mar 2026-34%

Jun 202648%

Minda Corporation Ltd · MINDACORP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202281%

Sep 202257%

Dec 202245%

Mar 202313%

Jun 20236.4%

Sep 20234.3%

Dec 20239.2%

Mar 202413%

Jun 202411%

Sep 20247.9%

Dec 20247.5%

Mar 20258.7%

Jun 202516%

Sep 202519%

Dec 202525%

Mar 202629%

Jun 202633%

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202250%

Sep 202231%

Dec 202215%

Mar 202312%

Jun 202311%

Sep 202314%

Dec 202325%

Mar 202419%

Jun 202418%

Sep 202410%

Dec 20248.8%

Mar 202512%

Jun 202514%

Sep 202519%

Dec 202526%

Mar 202633%

Jun 202637%

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202359%

Dec 2023-7.3%

Mar 2024-8.2%

Jun 2024-2.8%

Sep 2024-12%

Dec 2024-25%

Mar 2025-26%

Jun 2025-24%

Sep 2025-12%

Dec 2025-8.2%

Mar 20265.6%

Jun 2026-3.7%

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202262%

Sep 202229%

Dec 202234%

Mar 202325%

Jun 202321%

Sep 202325%

Dec 20232.6%

Mar 2024-1.8%

Jun 2024-2.2%

Sep 2024-8.2%

Dec 20247.0%

Mar 20255.5%

Jun 20253.2%

Sep 20250.2%

Dec 202512%

Mar 202614%

Jun 20269.2%

08 · compare level, then change

Operating Economics & Margin Trend

ZF Commercial Vehicle Control System India Ltd has the highest OPM among the 9 Auto Ancillaries - Diversified companies compared here, at 13%. Endurance Technologies Ltd is next at 12%. Mercury EV-Tech Ltd has the highest Margin change at +0.4 percentage points, so level and change sit with different companies.

What the numbers say: ZF Commercial Vehicle Control System India Ltd leads opm at 13%; Mercury EV-Tech Ltd leads margin change at +0.4 percentage points.

LeaderZF Commercial Vehicle Control System India Ltd · 13%

Gap8.3% versus #2 · Endurance Technologies Ltd

Persistence3/8 recent comparable periods

Coverage9/9 companies · 173 observations

Investor read: ZF Commercial Vehicle Control System India 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

1ZF Commercial Vehicle Control System India Ltd ZFCVINDIA13%

2Endurance Technologies Ltd ENDURANCE12%

3Minda Corporation Ltd MINDACORP11%

4Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified10%

5Mercury EV-Tech Ltd MERCURYEV⚠ unverified9.8%

Margin changefastest expanders

1Mercury EV-Tech Ltd MERCURYEV⚠ unverified+0.4 pp

2Minda Corporation Ltd MINDACORP0.0 pp

3ZF Commercial Vehicle Control System India Ltd ZFCVINDIA0.0 pp

4Endurance Technologies Ltd ENDURANCE−1.0 pp

5Carraro India Ltd CARRARO−2.0 pp

Operating margin · company comparison

9/9 level · 9/9 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
ZF Commercial Vehicle Control System India Ltd ZFCVINDIA	13%	0.0 pp	Jun 2026
Endurance Technologies Ltd ENDURANCE	12%	−1.0 pp	Jun 2026
Minda Corporation Ltd MINDACORP	11%	0.0 pp	Jun 2026
Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified	10%	−2.0 pp	Jun 2026
Mercury EV-Tech Ltd MERCURYEV⚠ unverified	9.8%	+0.4 pp	Jun 2026
Motherson Sumi Wiring India Ltd MSUMI	8.0%	−2.0 pp	Jun 2026
Carraro India Ltd CARRARO	8.0%	−2.0 pp	Jun 2026
Automobile Corporation Of Goa Ltd ACGL	5.0%	−6.0 pp	Jun 2026
Precision Camshafts Ltd PRECAM⚠ unverified	3.8%	−3.6 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021-5.9%

Dec 20216.2%

Mar 20229.4%

Jun 20227.2%

Sep 20225.4%

Dec 20225.0%

Mar 20237.0%

Jun 20238.0%

Sep 20237.0%

Dec 20238.0%

Mar 20246.0%

Jun 202410%

Sep 20245.0%

Dec 20243.7%

Mar 20259.0%

Jun 202511%

Sep 20258.0%

Dec 20258.0%

Mar 20269.0%

Jun 20265.0%

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20233.8%

Sep 20235.8%

Dec 20239.0%

Mar 202410%

Jun 202411%

Sep 202410%

Dec 20247.0%

Mar 202510%

Jun 202510%

Sep 20259.0%

Dec 202510%

Mar 202610%

Jun 20268.0%

Endurance Technologies Ltd · ENDURANCE

Sep 202114%

Dec 202111%

Mar 202212%

Jun 202211%

Sep 202212%

Dec 202211%

Mar 202313%

Jun 202313%

Sep 202313%

Dec 202312%

Mar 202414%

Jun 202413%

Sep 202413%

Dec 202413%

Mar 202514%

Jun 202513%

Sep 202513%

Dec 202513%

Mar 202614%

Jun 202612%

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 20216.8%

Dec 20217.8%

Mar 20226.9%

Jun 20227.1%

Sep 20227.4%

Dec 20227.0%

Mar 20238.0%

Jun 20237.0%

Sep 20237.0%

Dec 20237.0%

Mar 20247.0%

Jun 20247.0%

Sep 20246.0%

Dec 20246.0%

Mar 20259.0%

Jun 202512%

Sep 202511%

Dec 202510%

Mar 202612%

Jun 202610%

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021-2.9%

Dec 20210.0%

Mar 202297%

Jun 20220.6%

Sep 20223.2%

Dec 202233%

Mar 20231.9%

Jun 202314%

Sep 202311%

Dec 202321%

Mar 20246.8%

Jun 202423%

Sep 202410%

Dec 202417%

Mar 2025-2.8%

Jun 20259.4%

Sep 20258.9%

Dec 20259.4%

Mar 2026-12%

Jun 20269.8%

Minda Corporation Ltd · MINDACORP

Sep 202111%

Dec 202111%

Mar 202211%

Jun 202211%

Sep 202211%

Dec 202211%

Mar 202311%

Jun 202311%

Sep 202311%

Dec 202311%

Mar 202411%

Jun 202411%

Sep 202411%

Dec 202411%

Mar 202512%

Jun 202511%

Sep 202512%

Dec 202512%

Mar 202612%

Jun 202611%

Motherson Sumi Wiring India Ltd · MSUMI

Sep 202113%

Dec 202114%

Mar 202213%

Jun 202212%

Sep 20229.9%

Dec 202211%

Mar 202312%

Jun 202310%

Sep 202312%

Dec 202312%

Mar 202413%

Jun 202411%

Sep 202411%

Dec 202410%

Mar 202511%

Jun 202510%

Sep 202510%

Dec 20259.0%

Mar 20268.0%

Jun 20268.0%

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 202114%

Dec 202115%

Mar 202211%

Jun 202211%

Sep 202214%

Dec 20229.5%

Mar 20239.0%

Jun 20238.6%

Sep 202311%

Dec 202311%

Mar 20248.5%

Jun 20249.5%

Sep 202410%

Dec 20244.2%

Mar 202513%

Jun 20257.5%

Sep 20256.6%

Dec 20258.1%

Mar 202613%

Jun 20263.8%

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 202110%

Dec 20219.0%

Mar 202211%

Jun 202212%

Sep 202214%

Dec 202214%

Mar 202315%

Jun 202315%

Sep 202315%

Dec 202315%

Mar 202415%

Jun 202415%

Sep 202415%

Dec 202418%

Mar 202517%

Jun 202513%

Sep 202515%

Dec 202519%

Mar 202616%

Jun 202613%

Margin change · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021+18.7 pp

Dec 2021+12.5 pp

Mar 2022+19.2 pp

Jun 2022+21.1 pp

Sep 2022+11.3 pp

Dec 2022−1.2 pp

Mar 2023−2.4 pp

Jun 2023+0.8 pp

Sep 2023+1.6 pp

Dec 2023+3.0 pp

Mar 2024−1.0 pp

Jun 2024+2.0 pp

Sep 2024−2.0 pp

Dec 2024−4.3 pp

Mar 2025+3.0 pp

Jun 2025+1.0 pp

Sep 2025+3.0 pp

Dec 2025+4.3 pp

Mar 20260.0 pp

Jun 2026−6.0 pp

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024+7.2 pp

Sep 2024+4.2 pp

Dec 2024−2.0 pp

Mar 20250.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 2025+3.0 pp

Mar 20260.0 pp

Jun 2026−2.0 pp

Endurance Technologies Ltd · ENDURANCE

Sep 2021−3.9 pp

Dec 2021−6.5 pp

Mar 2022−3.2 pp

Jun 2022−3.1 pp

Sep 2022−2.3 pp

Dec 2022+0.2 pp

Mar 2023+0.6 pp

Jun 2023+1.7 pp

Sep 2023+1.5 pp

Dec 2023+1.0 pp

Mar 2024+1.0 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 2024+1.0 pp

Mar 20250.0 pp

Jun 20250.0 pp

Sep 20250.0 pp

Dec 20250.0 pp

Mar 20260.0 pp

Jun 2026−1.0 pp

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 2021−2.8 pp

Dec 2021−2.3 pp

Mar 2022−3.9 pp

Jun 2022−0.4 pp

Sep 2022+0.6 pp

Dec 2022−0.8 pp

Mar 2023+1.1 pp

Jun 2023−0.1 pp

Sep 2023−0.4 pp

Dec 20230.0 pp

Mar 2024−1.0 pp

Jun 20240.0 pp

Sep 2024−1.0 pp

Dec 2024−1.0 pp

Mar 2025+2.0 pp

Jun 2025+5.0 pp

Sep 2025+5.0 pp

Dec 2025+4.0 pp

Mar 2026+3.0 pp

Jun 2026−2.0 pp

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021+2.2 pp

Dec 2021—

Mar 2022+130.5 pp

Jun 2022+8.8 pp

Sep 2022+6.2 pp

Dec 2022+32.6 pp

Mar 2023−95.3 pp

Jun 2023+12.9 pp

Sep 2023+8.0 pp

Dec 2023−11.4 pp

Mar 2024+5.0 pp

Jun 2024+9.7 pp

Sep 2024−0.9 pp

Dec 2024−4.1 pp

Mar 2025−9.7 pp

Jun 2025−13.9 pp

Sep 2025−1.5 pp

Dec 2025−7.6 pp

Mar 2026−8.7 pp

Jun 2026+0.4 pp

Minda Corporation Ltd · MINDACORP

Sep 2021+0.7 pp

Dec 2021−0.4 pp

Mar 2022+5.4 pp

Jun 2022+5.0 pp

Sep 2022+0.2 pp

Dec 2022+0.3 pp

Mar 2023−0.4 pp

Jun 2023+0.5 pp

Sep 2023+0.2 pp

Dec 20230.0 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 20240.0 pp

Mar 2025+1.0 pp

Jun 20250.0 pp

Sep 2025+1.0 pp

Dec 2025+1.0 pp

Mar 20260.0 pp

Jun 20260.0 pp

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 2022−2.0 pp

Jun 2022+1.7 pp

Sep 2022−3.4 pp

Dec 2022−3.3 pp

Mar 2023−1.2 pp

Jun 2023−2.1 pp

Sep 2023+2.2 pp

Dec 2023+1.0 pp

Mar 2024+1.0 pp

Jun 2024+1.0 pp

Sep 2024−1.0 pp

Dec 2024−2.0 pp

Mar 2025−2.0 pp

Jun 2025−1.0 pp

Sep 2025−1.0 pp

Dec 2025−1.0 pp

Mar 2026−3.0 pp

Jun 2026−2.0 pp

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021+3.4 pp

Dec 2021+1.5 pp

Mar 2022+6.7 pp

Jun 2022+0.5 pp

Sep 2022+0.3 pp

Dec 2022−5.8 pp

Mar 2023−2.1 pp

Jun 2023−2.4 pp

Sep 2023−3.1 pp

Dec 2023+1.5 pp

Mar 2024−0.5 pp

Jun 2024+0.9 pp

Sep 2024−0.8 pp

Dec 2024−6.8 pp

Mar 2025+5.0 pp

Jun 2025−2.0 pp

Sep 2025−3.5 pp

Dec 2025+3.9 pp

Mar 2026−0.4 pp

Jun 2026−3.6 pp

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021−4.9 pp

Dec 2021−6.5 pp

Mar 2022−0.3 pp

Jun 2022+3.8 pp

Sep 2022+3.8 pp

Dec 2022+5.0 pp

Mar 2023+3.6 pp

Jun 2023+2.6 pp

Sep 2023+1.0 pp

Dec 2023+1.0 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 2024+3.0 pp

Mar 2025+2.0 pp

Jun 2025−2.0 pp

Sep 20250.0 pp

Dec 2025+1.0 pp

Mar 2026−1.0 pp

Jun 20260.0 pp

09 · compare level, then change

Profit Scale & Acceleration

Endurance Technologies Ltd has the highest Net profit among the 9 Auto Ancillaries - Diversified companies compared here, at ₹970 crore. Motherson Sumi Wiring India Ltd is next at ₹626 crore. Jay Bharat Maruti Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Endurance Technologies Ltd leads with ₹970 crore of TTM profit, 55% above Motherson Sumi Wiring India Ltd. Jay Bharat Maruti Ltd shows ≥100% on the scoring scale (170.6% uncapped) growth from a ₹138 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderEndurance Technologies Ltd · ₹970 crore

Gap55% versus #2 · Motherson Sumi Wiring India Ltd

Persistence8/8 recent comparable periods

Coverage9/9 companies · 154 observations

Investor read: Endurance Technologies 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

1Endurance Technologies Ltd ENDURANCE₹970 Cr

2Motherson Sumi Wiring India Ltd MSUMI₹626 Cr

3Minda Corporation Ltd MINDACORP₹499 Cr

4ZF Commercial Vehicle Control System India Ltd ZFCVINDIA₹498 Cr

5Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified₹138 Cr

Profit growthfastest growers

1Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified100%

2Minda Corporation Ltd MINDACORP95%

3Carraro India Ltd CARRARO48%

4Endurance Technologies Ltd ENDURANCE13%

5Automobile Corporation Of Goa Ltd ACGL12%

Net profit · company comparison

9/9 level · 9/9 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Endurance Technologies Ltd ENDURANCE	₹245 Cr	8.4%	Jun 2026
Minda Corporation Ltd MINDACORP	₹206 Cr	217%	Jun 2026
Motherson Sumi Wiring India Ltd MSUMI	₹145 Cr	1.4%	Jun 2026
ZF Commercial Vehicle Control System India Ltd ZFCVINDIA	₹104 Cr	-15%	Jun 2026
Carraro India Ltd CARRARO	₹31 Cr	6.9%	Jun 2026
Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified	₹22 Cr	-4.4%	Jun 2026
Automobile Corporation Of Goa Ltd ACGL	₹11 Cr	-52%	Jun 2026
Precision Camshafts Ltd PRECAM⚠ unverified	₹8 Cr	-55%	Jun 2026
Mercury EV-Tech Ltd MERCURYEV⚠ unverified	₹2 Cr	30%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹4 Cr

Mar 2023₹8 Cr

Jun 2023₹10 Cr

Sep 2023₹8 Cr

Dec 2023₹10 Cr

Mar 2024₹11 Cr

Jun 2024₹18 Cr

Sep 2024₹7 Cr

Dec 2024₹5 Cr

Mar 2025₹17 Cr

Jun 2025₹23 Cr

Sep 2025₹15 Cr

Dec 2025₹11 Cr

Mar 2026₹21 Cr

Jun 2026₹11 Cr

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023₹12 Cr

Sep 2023₹12 Cr

Dec 2023₹19 Cr

Mar 2024₹18 Cr

Jun 2024₹28 Cr

Sep 2024₹22 Cr

Dec 2024₹15 Cr

Mar 2025₹24 Cr

Jun 2025₹29 Cr

Sep 2025₹32 Cr

Dec 2025₹28 Cr

Mar 2026₹42 Cr

Jun 2026₹31 Cr

Endurance Technologies Ltd · ENDURANCE

Sep 2021₹133 Cr

Dec 2021₹95 Cr

Mar 2022₹136 Cr

Jun 2022₹103 Cr

Sep 2022₹131 Cr

Dec 2022₹108 Cr

Mar 2023₹136 Cr

Jun 2023₹164 Cr

Sep 2023₹155 Cr

Dec 2023₹152 Cr

Mar 2024₹210 Cr

Jun 2024₹204 Cr

Sep 2024₹203 Cr

Dec 2024₹184 Cr

Mar 2025₹245 Cr

Jun 2025₹226 Cr

Sep 2025₹227 Cr

Dec 2025₹222 Cr

Mar 2026₹276 Cr

Jun 2026₹245 Cr

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹7 Cr

Mar 2023₹14 Cr

Jun 2023₹5 Cr

Sep 2023₹9 Cr

Dec 2023₹7 Cr

Mar 2024₹11 Cr

Jun 2024₹5 Cr

Sep 2024₹3 Cr

Dec 2024₹4 Cr

Mar 2025₹21 Cr

Jun 2025₹23 Cr

Sep 2025₹18 Cr

Dec 2025₹18 Cr

Mar 2026₹80 Cr

Jun 2026₹22 Cr

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹1 Cr

Mar 2023₹0 Cr

Jun 2023₹1 Cr

Sep 2023₹1 Cr

Dec 2023₹1 Cr

Mar 2024₹0 Cr

Jun 2024₹0 Cr

Sep 2024₹2 Cr

Dec 2024₹4 Cr

Mar 2025₹2 Cr

Jun 2025₹1 Cr

Sep 2025₹2 Cr

Dec 2025₹1 Cr

Mar 2026₹0 Cr

Jun 2026₹2 Cr

Minda Corporation Ltd · MINDACORP

Sep 2021₹39 Cr

Dec 2021₹70 Cr

Mar 2022₹76 Cr

Jun 2022₹52 Cr

Sep 2022₹58 Cr

Dec 2022₹52 Cr

Mar 2023₹122 Cr

Jun 2023₹45 Cr

Sep 2023₹59 Cr

Dec 2023₹52 Cr

Mar 2024₹71 Cr

Jun 2024₹64 Cr

Sep 2024₹74 Cr

Dec 2024₹65 Cr

Mar 2025₹52 Cr

Jun 2025₹65 Cr

Sep 2025₹85 Cr

Dec 2025₹84 Cr

Mar 2026₹124 Cr

Jun 2026₹206 Cr

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021₹134 Cr

Dec 2021₹152 Cr

Mar 2022₹46 Cr

Jun 2022₹126 Cr

Sep 2022₹116 Cr

Dec 2022₹106 Cr

Mar 2023₹138 Cr

Jun 2023₹123 Cr

Sep 2023₹156 Cr

Dec 2023₹168 Cr

Mar 2024₹191 Cr

Jun 2024₹149 Cr

Sep 2024₹152 Cr

Dec 2024₹140 Cr

Mar 2025₹165 Cr

Jun 2025₹143 Cr

Sep 2025₹165 Cr

Dec 2025₹149 Cr

Mar 2026₹167 Cr

Jun 2026₹145 Cr

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹12 Cr

Dec 2022₹18 Cr

Mar 2023₹11 Cr

Jun 2023₹4 Cr

Sep 2023₹8 Cr

Dec 2023₹24 Cr

Mar 2024₹3 Cr

Jun 2024₹12 Cr

Sep 2024₹8 Cr

Dec 2024₹-6 Cr

Mar 2025₹40 Cr

Jun 2025₹19 Cr

Sep 2025₹13 Cr

Dec 2025₹9 Cr

Mar 2026₹10 Cr

Jun 2026₹8 Cr

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021₹32 Cr

Dec 2021₹32 Cr

Mar 2022₹57 Cr

Jun 2022₹62 Cr

Sep 2022₹69 Cr

Dec 2022₹85 Cr

Mar 2023₹101 Cr

Jun 2023₹100 Cr

Sep 2023₹106 Cr

Dec 2023₹101 Cr

Mar 2024₹100 Cr

Jun 2024₹99 Cr

Sep 2024₹109 Cr

Dec 2024₹125 Cr

Mar 2025₹127 Cr

Jun 2025₹122 Cr

Sep 2025₹108 Cr

Dec 2025₹140 Cr

Mar 2026₹146 Cr

Jun 2026₹104 Cr

Profit growth · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023150%

Mar 202438%

Jun 202480%

Sep 2024-13%

Dec 2024-50%

Mar 202555%

Jun 202528%

Sep 2025114%

Dec 2025120%

Mar 202624%

Jun 2026-52%

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024133%

Sep 202483%

Dec 2024-21%

Mar 202533%

Jun 20253.6%

Sep 202545%

Dec 202587%

Mar 202675%

Jun 20266.9%

Endurance Technologies Ltd · ENDURANCE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20226.2%

Sep 2022-1.5%

Dec 202214%

Mar 20230.0%

Jun 202359%

Sep 202318%

Dec 202341%

Mar 202454%

Jun 202424%

Sep 202431%

Dec 202421%

Mar 202517%

Jun 202511%

Sep 202512%

Dec 202521%

Mar 202613%

Jun 20268.4%

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.0%

Mar 2024-21%

Jun 20240.0%

Sep 2024-67%

Dec 2024-43%

Mar 202591%

Jun 2025360%

Sep 2025500%

Dec 2025350%

Mar 2026281%

Jun 2026-4.4%

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-48%

Mar 2024-23%

Jun 2024-35%

Sep 2024171%

Dec 2024708%

Mar 2025574%

Jun 2025159%

Sep 20257.5%

Dec 2025-79%

Mar 2026-81%

Jun 202630%

Minda Corporation Ltd · MINDACORP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022643%

Sep 202249%

Dec 2022-26%

Mar 202361%

Jun 2023-13%

Sep 20231.7%

Dec 20230.0%

Mar 2024-42%

Jun 202442%

Sep 202425%

Dec 202425%

Mar 2025-27%

Jun 20251.6%

Sep 202515%

Dec 202529%

Mar 2026138%

Jun 2026217%

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202259%

Sep 2022-13%

Dec 2022-30%

Mar 2023200%

Jun 2023-2.4%

Sep 202334%

Dec 202358%

Mar 202438%

Jun 202421%

Sep 2024-2.6%

Dec 2024-17%

Mar 2025-14%

Jun 2025-4.0%

Sep 20258.6%

Dec 20256.4%

Mar 20261.2%

Jun 20261.4%

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-30%

Dec 202337%

Mar 2024-70%

Jun 2024183%

Sep 2024-0.4%

Dec 2024-126%

Mar 20251,107%

Jun 202562%

Sep 202557%

Dec 2025—

Mar 2026-75%

Jun 2026-55%

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022195%

Sep 2022116%

Dec 2022166%

Mar 202377%

Jun 202361%

Sep 202354%

Dec 202319%

Mar 2024-1.0%

Jun 2024-1.0%

Sep 20242.8%

Dec 202424%

Mar 202527%

Jun 202523%

Sep 2025-0.9%

Dec 202512%

Mar 202615%

Jun 2026-15%

10 · compare level, then change

Return On Capital Employed

Motherson Sumi Wiring India Ltd has the highest ROCE among the 9 Auto Ancillaries - Diversified companies compared here, at 38.9%. Automobile Corporation Of Goa Ltd is next at 29.6%. Automobile Corporation Of Goa Ltd has the highest ROCE change at +10 percentage points, so level and change sit with different companies.

What the numbers say: Motherson Sumi Wiring India Ltd leads ROCE at 38.9%, 9.3 percentage points above Automobile Corporation Of Goa Ltd. Automobile Corporation Of Goa Ltd has the strongest latest improvement at +10 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.

LeaderMotherson Sumi Wiring India Ltd · 38.9%

Gap31.4% versus #2 · Automobile Corporation Of Goa Ltd

Persistence2/8 recent comparable periods

Coverage9/9 companies · 113 observations

Investor read: Motherson Sumi Wiring India 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

1Motherson Sumi Wiring India Ltd MSUMI39%

2Automobile Corporation Of Goa Ltd ACGL30%

3Carraro India Ltd CARRARO29%

4ZF Commercial Vehicle Control System India Ltd ZFCVINDIA19%

5Endurance Technologies Ltd ENDURANCE18%

ROCE changefastest improvers

1Automobile Corporation Of Goa Ltd ACGL+10.0 pp

2Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified+7.9 pp

3Carraro India Ltd CARRARO+3.7 pp

4Minda Corporation Ltd MINDACORP+2.0 pp

5Precision Camshafts Ltd PRECAM⚠ unverified−0.2 pp

Return on capital · company comparison

9/9 level · 9/9 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Motherson Sumi Wiring India Ltd MSUMI	35%	−7.0 pp	Jun 2026
Carraro India Ltd CARRARO	23%	+3.7 pp	Jun 2026
Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified	16%	+7.9 pp	Jun 2026
Endurance Technologies Ltd ENDURANCE	15%	−0.7 pp	Jun 2026
Minda Corporation Ltd MINDACORP	15%	+2.0 pp	Jun 2026
ZF Commercial Vehicle Control System India Ltd ZFCVINDIA	14%	−1.2 pp	Jun 2026
Mercury EV-Tech Ltd MERCURYEV⚠ unverified	3.6%	−4.4 pp	Jun 2026
Precision Camshafts Ltd PRECAM⚠ unverified	2.7%	−0.2 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202417%

Jun 2024—

Sep 202420%

Dec 202421%

Mar 202520%

Jun 202524%

Sep 202520%

Dec 202526%

Mar 202623%

Jun 2026—

Endurance Technologies Ltd · ENDURANCE

Sep 202119%

Dec 2021—

Mar 202214%

Jun 2022—

Sep 202213%

Dec 2022—

Mar 202313%

Jun 2023—

Sep 202314%

Dec 202317%

Mar 202415%

Jun 202419%

Sep 202416%

Dec 202420%

Mar 202516%

Jun 202520%

Sep 202515%

Dec 202519%

Mar 202615%

Jun 2026—

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 202113%

Dec 2021—

Mar 20229.5%

Jun 2022—

Sep 202212%

Dec 2022—

Mar 202312%

Jun 2023—

Sep 202311%

Dec 202312%

Mar 20249.4%

Jun 202411%

Sep 20247.6%

Dec 20247.8%

Mar 20257.6%

Jun 202512%

Sep 202512%

Dec 202516%

Mar 202616%

Jun 2026—

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021-2.2%

Dec 2021—

Mar 202223%

Jun 2022—

Sep 20220.5%

Dec 2022—

Mar 20232.2%

Jun 2023—

Sep 20233.5%

Dec 20233.3%

Mar 20242.3%

Jun 20242.8%

Sep 20243.1%

Dec 20248.0%

Mar 20253.6%

Jun 20255.6%

Sep 20254.4%

Dec 20253.6%

Mar 2026—

Jun 2026—

Minda Corporation Ltd · MINDACORP

Sep 202113%

Dec 2021—

Mar 202212%

Jun 2022—

Sep 202217%

Dec 2022—

Mar 202317%

Jun 2023—

Sep 202315%

Dec 202317%

Mar 202415%

Jun 202418%

Sep 202415%

Dec 202417%

Mar 202513%

Jun 202516%

Sep 202513%

Dec 202516%

Mar 202615%

Jun 2026—

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 202246%

Jun 2022—

Sep 202249%

Dec 2022—

Mar 202341%

Jun 2023—

Sep 202345%

Dec 202355%

Mar 202444%

Jun 202451%

Sep 202447%

Dec 202450%

Mar 202542%

Jun 202543%

Sep 202540%

Dec 202544%

Mar 202635%

Jun 2026—

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 20211.8%

Dec 2021—

Mar 20223.0%

Jun 2022—

Sep 20224.1%

Dec 2022—

Mar 20234.3%

Jun 20239.2%

Sep 20233.1%

Dec 202310%

Mar 20242.6%

Jun 20249.7%

Sep 20243.3%

Dec 20245.5%

Mar 20252.9%

Jun 202513%

Sep 20251.2%

Dec 202514%

Mar 20262.7%

Jun 2026—

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 20219.2%

Dec 2021—

Mar 20227.7%

Jun 2022—

Sep 202212%

Dec 2022—

Mar 202315%

Jun 202321%

Sep 202317%

Dec 202322%

Mar 202416%

Jun 202421%

Sep 202415%

Dec 202420%

Mar 202515%

Jun 202521%

Sep 202514%

Dec 202521%

Mar 202614%

Jun 2026—

ROCE change · reported quarter history

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025+2.3 pp

Jun 2025—

Sep 2025−0.3 pp

Dec 2025+4.6 pp

Mar 2026+3.7 pp

Jun 2026—

Endurance Technologies Ltd · ENDURANCE

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−6.2 pp

Dec 2022—

Mar 2023−1.3 pp

Jun 2023—

Sep 2023+0.7 pp

Dec 2023—

Mar 2024+2.5 pp

Jun 2024—

Sep 2024+2.2 pp

Dec 2024+2.6 pp

Mar 2025+0.6 pp

Jun 2025+0.6 pp

Sep 2025−1.1 pp

Dec 2025−0.8 pp

Mar 2026−0.7 pp

Jun 2026—

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.6 pp

Dec 2022—

Mar 2023+2.7 pp

Jun 2023—

Sep 2023−1.6 pp

Dec 2023—

Mar 2024−2.8 pp

Jun 2024—

Sep 2024−3.0 pp

Dec 2024−3.9 pp

Mar 2025−1.8 pp

Jun 2025+1.1 pp

Sep 2025+4.0 pp

Dec 2025+7.9 pp

Mar 2026+7.9 pp

Jun 2026—

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.7 pp

Dec 2022—

Mar 2023−21.2 pp

Jun 2023—

Sep 2023+3.0 pp

Dec 2023—

Mar 2024+0.1 pp

Jun 2024—

Sep 2024−0.4 pp

Dec 2024+4.7 pp

Mar 2025+1.3 pp

Jun 2025+2.8 pp

Sep 2025+1.3 pp

Dec 2025−4.4 pp

Mar 2026—

Jun 2026—

Minda Corporation Ltd · MINDACORP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.2 pp

Dec 2022—

Mar 2023+5.0 pp

Jun 2023—

Sep 2023−2.8 pp

Dec 2023—

Mar 2024−1.9 pp

Jun 2024—

Sep 2024+0.5 pp

Dec 2024+0.1 pp

Mar 2025−2.3 pp

Jun 2025−2.0 pp

Sep 2025−2.1 pp

Dec 2025−1.1 pp

Mar 2026+2.0 pp

Jun 2026—

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023−4.9 pp

Jun 2023—

Sep 2023−4.6 pp

Dec 2023—

Mar 2024+2.9 pp

Jun 2024—

Sep 2024+1.9 pp

Dec 2024−4.5 pp

Mar 2025−2.1 pp

Jun 2025−8.2 pp

Sep 2025−6.3 pp

Dec 2025−6.2 pp

Mar 2026−7.0 pp

Jun 2026—

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.3 pp

Dec 2022—

Mar 2023+1.3 pp

Jun 2023—

Sep 2023−1.0 pp

Dec 2023—

Mar 2024−1.7 pp

Jun 2024+0.5 pp

Sep 2024+0.2 pp

Dec 2024−4.7 pp

Mar 2025+0.3 pp

Jun 2025+3.2 pp

Sep 2025−2.1 pp

Dec 2025+8.8 pp

Mar 2026−0.2 pp

Jun 2026—

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+2.3 pp

Dec 2022—

Mar 2023+7.0 pp

Jun 2023—

Sep 2023+5.0 pp

Dec 2023—

Mar 2024+1.2 pp

Jun 2024−0.2 pp

Sep 2024−1.9 pp

Dec 2024−1.7 pp

Mar 2025−0.5 pp

Jun 2025+0.3 pp

Sep 2025−0.5 pp

Dec 2025+0.2 pp

Mar 2026−1.2 pp

Jun 2026—

11 · compare level, then change

Valuation Against Growth & Quality

Carraro India Ltd has the lowest PEG among the 9 Auto Ancillaries - Diversified companies compared here, at 0.42×. Minda Corporation Ltd is next at 1.58×. Jay Bharat Maruti Ltd has the lowest P/E at 9.52×, so level and change sit with different companies. 5 of 9 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Carraro India Ltd has the lowest comparable PEG at 0.42×, 73.4% below Minda Corporation Ltd. Only 5 of 9 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderCarraro India Ltd · 0.42×

Gap73.4% versus #2 · Minda Corporation Ltd

Persistence0/7 recent comparable periods

Coverage5/9 companies · 39 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Carraro India Ltd CARRARO0.4

2Minda Corporation Ltd MINDACORP1.6

3Endurance Technologies Ltd ENDURANCE2.3

4ZF Commercial Vehicle Control System India Ltd ZFCVINDIA4.2

5Motherson Sumi Wiring India Ltd MSUMI6.3

P/Elowest P/E

1Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified9.5

2Automobile Corporation Of Goa Ltd ACGL17.5

3Carraro India Ltd CARRARO21.5

4Motherson Sumi Wiring India Ltd MSUMI36.2

5Precision Camshafts Ltd PRECAM⚠ unverified36.4

Valuation · company comparison

5/9 level · 9/9 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Motherson Sumi Wiring India Ltd MSUMI	6.3	43.9	Jun 2026
ZF Commercial Vehicle Control System India Ltd ZFCVINDIA	4.2	56.8	Jun 2026
Endurance Technologies Ltd ENDURANCE	2.3	39.3	Jun 2026
Minda Corporation Ltd MINDACORP	1.6	44.4	Jun 2026
Carraro India Ltd CARRARO	0.4	23.2	Jun 2026
Jay Bharat Maruti Ltd JAYBARMARU⚠ unverified	—	12.9	Jun 2026
Precision Camshafts Ltd PRECAM⚠ unverified	—	32.1	Jun 2026
Automobile Corporation Of Goa Ltd ACGL	—	19.0	Jun 2026
Mercury EV-Tech Ltd MERCURYEV⚠ unverified	—	157.3	Jun 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 20250.9

Jun 2025—

Sep 20250.7

Dec 2025—

Mar 2026—

Jun 20260.4

Endurance Technologies Ltd · ENDURANCE

Sep 2021—

Dec 2021—

Mar 20221.7

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20233.1

Dec 20232.6

Mar 20241.7

Jun 20241.4

Sep 20241.4

Dec 20241.1

Mar 20251.1

Jun 20252.2

Sep 2025—

Dec 2025—

Mar 20262.7

Jun 20262.3

Minda Corporation Ltd · MINDACORP

Sep 20210.7

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20242.1

Jun 20241.2

Sep 2024—

Dec 20242.0

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20251.6

Mar 20261.6

Jun 2026—

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202310.2

Dec 20230.9

Mar 20241.3

Jun 20242.4

Sep 20241.3

Dec 2024—

Mar 20254.6

Jun 2025—

Sep 2025—

Dec 20256.3

Mar 2026—

Jun 2026—

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 2021—

Dec 2021—

Mar 20222.0

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20231.2

Sep 2023—

Dec 20234.3

Mar 20241.4

Jun 2024—

Sep 20245.3

Dec 20242.2

Mar 20258.6

Jun 20252.4

Sep 20252.6

Dec 20255.0

Mar 20263.3

Jun 20264.2

P/E · reported quarter history

Automobile Corporation Of Goa Ltd · ACGL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202249.5

Sep 202230.1

Dec 202220.0

Mar 202315.3

Jun 202328.9

Sep 202332.4

Dec 202329.4

Mar 202437.4

Jun 202438.0

Sep 202435.0

Dec 202428.8

Mar 202519.0

Jun 202523.5

Sep 202524.6

Dec 202518.2

Mar 202614.0

Jun 202619.0

Carraro India Ltd · CARRARO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 202443.9

Mar 202528.3

Jun 202529.4

Sep 202529.6

Dec 202530.3

Mar 202622.2

Jun 202623.2

Endurance Technologies Ltd · ENDURANCE

Sep 202132.7

Dec 202137.4

Mar 202231.4

Jun 202239.4

Sep 202242.2

Dec 202241.0

Mar 202335.9

Jun 202345.6

Sep 202341.5

Dec 202348.3

Mar 202442.4

Jun 202455.4

Sep 202446.2

Dec 202439.6

Mar 202534.5

Jun 202546.2

Sep 202551.3

Dec 202547.9

Mar 202642.5

Jun 202639.3

Jay Bharat Maruti Ltd · JAYBARMARU⚠ unverified

Sep 202116.4

Dec 202117.0

Mar 202219.4

Jun 202221.1

Sep 202222.8

Dec 202218.4

Mar 202315.3

Jun 202336.5

Sep 202333.9

Dec 202332.6

Mar 202436.3

Jun 202436.6

Sep 202434.0

Dec 202434.8

Mar 202526.0

Jun 202525.6

Sep 202522.0

Dec 202514.8

Mar 202610.8

Jun 202612.9

Mercury EV-Tech Ltd · MERCURYEV⚠ unverified

Sep 2021—

Dec 2021-59.1

Mar 20227.5

Jun 20229.6

Sep 2022291.2

Dec 2022147.1

Mar 20231,351.0

Jun 2023329.4

Sep 2023376.0

Dec 2023743.0

Mar 2024615.2

Jun 2024588.5

Sep 20241,093.5

Dec 2024510.7

Mar 2025164.7

Jun 2025139.5

Sep 2025103.1

Dec 202584.2

Mar 202683.6

Jun 2026157.3

Minda Corporation Ltd · MINDACORP

Sep 202131.6

Dec 202137.1

Mar 202248.8

Jun 202226.8

Sep 202223.6

Dec 202221.4

Mar 202321.6

Jun 202323.7

Sep 202328.7

Dec 202333.2

Mar 202435.9

Jun 202450.7

Sep 202458.6

Dec 202448.2

Mar 202556.6

Jun 202553.9

Sep 202554.5

Dec 202552.1

Mar 202643.5

Jun 202644.4

Motherson Sumi Wiring India Ltd · MSUMI

Sep 2021—

Dec 2021—

Mar 202249.6

Jun 202246.9

Sep 202260.4

Dec 202258.2

Mar 202350.3

Jun 202352.7

Sep 202358.9

Dec 202352.1

Mar 202450.1

Jun 202452.3

Sep 202448.3

Dec 202439.0

Mar 202536.6

Jun 202544.0

Sep 202552.1

Dec 202549.0

Mar 202640.3

Jun 202643.9

Precision Camshafts Ltd · PRECAM⚠ unverified

Sep 2021137.1

Dec 2021109.0

Mar 202298.1

Jun 202232.5

Sep 202243.1

Dec 202233.7

Mar 202326.5

Jun 202338.5

Sep 202357.2

Dec 202357.2

Mar 202452.5

Jun 202464.4

Sep 202461.9

Dec 202491.7

Mar 202597.0

Jun 202568.5

Sep 202552.7

Dec 202546.3

Mar 202621.4

Jun 202632.1

ZF Commercial Vehicle Control System India Ltd · ZFCVINDIA

Sep 202189.9

Dec 2021121.1

Mar 2022101.9

Jun 202296.1

Sep 2022145.1

Dec 202277.3

Mar 202372.1

Jun 202372.8

Sep 202383.0

Dec 202377.4

Mar 202470.5

Jun 202472.5

Sep 202476.3

Dec 202454.7

Mar 202556.7

Jun 202555.6

Sep 202549.3

Dec 202558.1

Mar 202652.3

Jun 202656.8

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Auto Ancillaries - Diversified comparison names 5 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 3 draw at least one figure from a second feed with too little overlap to cross-check. 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.
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.

13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 Auto Ancillaries - Diversified 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 2026-09-25. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-09-25 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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 standing5 cross-checked · 4 unverified · 0 withheld, of 9 graded companies.

How a second data feed is admitted, and what happens when it disagrees

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.

14 · questions investors ask, short speakable answers

Auto Ancillaries - Diversified company comparison FAQs

These 24 answers restate the Auto Ancillaries - Diversified comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-25. Nothing here is estimated, and none of it is a recommendation.

Is the Auto Ancillaries - Diversified sector outperforming NIFTY 500?

Which Auto Ancillaries - Diversified company is largest by revenue?

Endurance Technologies Ltd leads with revenue of ₹15,592 crore, based on 9 of 9 comparable companies through Jun 2026.

Which Auto Ancillaries - Diversified company is growing fastest?

Automobile Corporation Of Goa Ltd has the fastest current revenue growth at 29.7%, across 9 of 9 comparable companies.

Which Auto Ancillaries - Diversified company has the strongest 4-Factor Sector Score?

Carraro India Ltd ranks first at 69.2/100 with 93% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Auto Ancillaries - Diversified company has the lowest comparable PEG?

Carraro India Ltd has the lowest comparable PEG at 0.42, among 5 of 9 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Auto Ancillaries - Diversified comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

Is there a Nifty Auto Ancillaries - Diversified index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Auto Ancillaries - Diversified, this page builds its own equal-weight basket of 9 listed Auto Ancillaries - Diversified companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Auto Ancillaries - Diversified stocks in India?

Ranked by this page's four-factor score, Carraro India Ltd places first among 9 listed Auto Ancillaries - Diversified companies, followed by Jay Bharat Maruti 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 - Diversified stocks are listed in India?

This comparison covers 9 listed Auto Ancillaries - Diversified 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 - Diversified company is the biggest?

Endurance Technologies Ltd is the largest, with trailing-twelve-month revenue of ₹15,592 crore, ahead of Motherson Sumi Wiring India Ltd at ₹12,391 crore. That covers 9 of 9 companies with comparable reporting through Jun 2026.

Which Auto Ancillaries - Diversified company has the best profit margins?

ZF Commercial Vehicle Control System India Ltd has the highest operating margin at 13%, from 9 of 9 comparable companies. Mercury EV-Tech Ltd shows the biggest recent improvement, at +0.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Auto Ancillaries - Diversified company makes the most profit?

Endurance Technologies Ltd earns the most, at ₹970 crore of trailing-twelve-month net profit, from 9 of 9 comparable companies. Jay Bharat Maruti Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Auto Ancillaries - Diversified company earns the highest return on capital?

Motherson Sumi Wiring India Ltd leads on return on capital employed at 38.9%, across 9 of 9 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 - Diversified stock is the cheapest?

On PEG — where a LOWER number is cheaper — Carraro India Ltd screens cheapest at 0.42×. Only 5 of 9 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Auto Ancillaries - Diversified sector beating the market?

Auto Ancillaries - Diversified has underperformed NIFTY 500 by 4% over the last 52 weeks and 7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Auto Ancillaries - Diversified stock has the strongest price momentum?

Minda Corporation 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 - Diversified company scores highest for research priority?

Carraro India Ltd scores 69.2 out of 100 with 93% evidence confidence, from 23.5 points on growth and earnings, 15.4 on capital efficiency, 15.7 on valuation and 14.6 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 - Diversified companies does this comparison cover, and over what period?

It compares 9 listed companies over up to 20 reported quarters of fundamentals, 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 - Diversified sector?

The 9 Auto Ancillaries - Diversified companies on this page carry ₹1,10,241 crore of combined market value. Endurance Technologies Ltd is the largest at ₹37,218 crore, about 34% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.

What is the Auto Ancillaries - Diversified sector's P/E ratio?

The median price-to-earnings ratio across the 9 Auto Ancillaries - Diversified companies on this page is 36.4×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-28.

How is the Auto Ancillaries - Diversified sector performing?

6 of the 9 covered Auto Ancillaries - Diversified companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 4% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-28.

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.

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