Auto Ancillaries - Gears Stocks in India
Auto Ancillaries - Gears: JTEKT India Ltd owns the largest revenue base AND the fastest current growth.
The 2 Auto Ancillaries - Gears companies listed in India are JTEKT India Ltd (₹3.3K Cr, the largest) and The Hi-Tech Gears Ltd. 0 of 2 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.
Nifty Auto Ancillaries - Gears Index — Constituents & Performance
All 2 listed Indian Auto Ancillaries - Gears companies are named here, largest first — the same constituent set people search for as the Nifty Auto Ancillaries - Gears index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.
- JTEKT India Ltd₹3.3K Cr
- The Hi-Tech Gears Ltd₹1.2K Cr
How has Auto Ancillaries - Gears 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 30% ahead of NIFTY 500. Earnings across its companies grew 2% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.
RS ↑15w · 6/7 >200d (+2) · 5/7 lead (+1) · EPS 4/7↑
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 7 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.
Is Auto Ancillaries - Gears outperforming NIFTY 500?
Auto Ancillaries - Gears has underperformed NIFTY 500 by 20.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 4.8%. 0 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. The Hi-Tech Gears Ltd is the strongest against the sector itself at -2.5%.
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Auto Ancillaries - Gears has underperformed NIFTY 500 by 20.7% over 52 weeks and 4.8% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself. JTEKT India Ltd leads with revenue of ₹2,818 crore, based on 2 of 2 comparable companies through Jun 2026.
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.
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 |
|---|---|---|---|---|---|---|
| 1The Hi-Tech Gears LtdHITECHGEAR | 34.1/100Adverse evidence71% evidence | BASING | 6.8/35 Revenue 5.5% · PAT -38.6% · OPM change -1.1 pp 95% evidence | 10.7/25 ROCE 6.9% · OPM 11.1% 95% evidence | 10.0/20 P/E 59× · PEG — 0% evidence | 6.6/20 RS sector -2.5% · RS bench -2.2% · 1Y -16.4%0 of 11 weeks ahead 70% evidence |
| Exact sum: 6.8 + 10.7 + 10 + 6.6 = 34.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2JTEKT India LtdJTEKTINDIA | 33.1/100Adverse evidence79% evidence | ASLEEP | 14.7/35 Revenue 16.8% · PAT 1.5% · OPM change -0.1 pp 95% evidence | 8.3/25 ROCE 9.8% · OPM 5.3% 76% evidence | 10.1/20 P/E 42.7× · PEG — 35% evidence | 0.0/20 RS sector -6.5% · RS bench -12.5% · 1Y -32.2%1 of 12 weeks ahead 100% evidence |
| Exact sum: 14.7 + 8.3 + 10.1 + 0 = 33.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Market action
The Hi-Tech Gears Ltd has the strongest one-year price move in Auto Ancillaries - Gears at -16.4%. It also leads on Mansfield relative strength against NIFTY at -2.2%. 0 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.
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.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Auto Ancillaries - Gears itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Auto Ancillaries - Gears — the story behind the numbers
This is the written read behind the Auto Ancillaries - Gears figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 1 theme is live here.
The Auto Ancillaries - Gears sector analysis for the week ending 2026-07-19 covers one constituent, Sar Auto Products Ltd (538992). The company reported a return to profitability in Q4 FY26 with net profit of ₹0.20 crores, reversing a loss of ₹0.35 crores in the year-ago quarter. Despite the single data point, the financials indicate a sharp inflection in earnings power.
How old this read is: This read comes from our Auto Ancillaries - Gears sector brief dated 28 Jul 2026 — 62 days old. The numbers above it are newer than the words here.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| Company cited war tensions among countries as cause for nil export sales in FY25, though exports represent minimal portion of total revenue.Named for 538992 | low | “Company cited war tensions among countries as cause for nil export sales in FY25, though exports represent minimal portion of total revenue.” Exports represent minimal portion of total revenue. |
Sources: our Auto Ancillaries - Gears sector brief, 28 Jul 2026 · company earnings-call transcripts.
Revenue Scale & Growth Durability
JTEKT India Ltd has the highest Revenue among the 2 Auto Ancillaries - Gears companies compared here, at ₹2,818 crore. The Hi-Tech Gears Ltd is next at ₹931 crore. The same company also holds the highest Revenue growth, at 16.8%. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: JTEKT India Ltd is the scale leader at ₹2,818 crore, 202.8% ahead of The Hi-Tech Gears Ltd. JTEKT India Ltd's growth is 16.8% from a ₹2,818 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: JTEKT India Ltd is the scale benchmark; JTEKT India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: JTEKT India Ltd's growth falls below JTEKT India Ltd's for two consecutive comparable reports while operating margin also compresses.
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 |
|---|---|---|---|
| JTEKT India Ltd JTEKTINDIA | ₹718 Cr | 27% | Jun 2026 |
| The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified | ₹238 Cr | 10% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Revenue growth · reported quarter history
JTEKT India Ltd · JTEKTINDIA
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Operating Economics & Margin Trend
The Hi-Tech Gears Ltd has the highest OPM among the 2 Auto Ancillaries - Gears companies compared here, at 11.1%. JTEKT India Ltd is next at 5.3%. JTEKT India Ltd has the highest Margin change at -0.1 percentage points, so level and change sit with different companies. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: The Hi-Tech Gears Ltd leads opm at 11.1%; JTEKT India Ltd leads margin change at -0.1 percentage points.
Investor read: The Hi-Tech Gears 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.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified | 11% | −1.1 pp | Jun 2026 |
| JTEKT India Ltd JTEKTINDIA | 5.3% | −0.1 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
JTEKT India Ltd · JTEKTINDIA
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Margin change · reported quarter history
JTEKT India Ltd · JTEKTINDIA
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Profit Scale & Acceleration
JTEKT India Ltd has the highest Net profit among the 2 Auto Ancillaries - Gears companies compared here, at ₹72 crore. The Hi-Tech Gears Ltd is next at ₹20 crore. The same company also holds the highest Profit growth, at 1.5%. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: JTEKT India Ltd leads with ₹72 crore of TTM profit, 267% above The Hi-Tech Gears Ltd. JTEKT India Ltd shows 1.5% growth from a ₹72 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: JTEKT 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 profit growth signal.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| JTEKT India Ltd JTEKTINDIA | ₹6 Cr | -43% | Jun 2026 |
| The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified | ₹5 Cr | -21% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
JTEKT India Ltd · JTEKTINDIA
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Profit growth · reported quarter history
JTEKT India Ltd · JTEKTINDIA
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Return On Capital Employed
JTEKT India Ltd has the highest ROCE among the 2 Auto Ancillaries - Gears companies compared here, at 9.8%. The Hi-Tech Gears Ltd is next at 6.9%. The same company also holds the highest ROCE change, at -1 percentage points. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: JTEKT India Ltd leads ROCE at 9.8%, 2.9 percentage points above The Hi-Tech Gears Ltd. JTEKT India Ltd has the strongest latest improvement at -1 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: JTEKT 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.
Withheld from this chart: JTEKT India Ltd (JTEKTINDIA) — its two data sources disagree by up to 17% on reported income across 20 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.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified | 5.2% | −6.5 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
ROCE change · reported quarter history
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
Valuation Against Growth & Quality
No company in this Auto Ancillaries - Gears comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, JTEKT India Ltd is lowest at 42.7×, across 2 of 2 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.
What the numbers say: There is not enough comparable evidence to name a reliable 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.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| JTEKT India Ltd JTEKTINDIA | — | 46.0 | Jun 2026 |
| The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified | — | 57.5 | Jun 2026 |
Full 20-quarter history · every available company
No consistent historical series is available for peg.
P/E · reported quarter history
JTEKT India Ltd · JTEKTINDIA
The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified
What can make this comparison misleading?
This Auto Ancillaries - Gears comparison names 7 specific ways its own evidence can mislead, all listed below. All 2 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.
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.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Valuation have fewer than three usable current readings.
How was this comparison built?
This comparison is built from the reported filings of 2 Auto Ancillaries - Gears 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.
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.
Auto Ancillaries - Gears company comparison FAQs
These 21 answers restate the Auto Ancillaries - Gears comparison above in question form. Every one is computed from the same 2 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 - Gears sector outperforming NIFTY 500?
Auto Ancillaries - Gears has underperformed NIFTY 500 by 20.7% over 52 weeks and 4.8% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself.
Which Auto Ancillaries - Gears company is largest by revenue?
JTEKT India Ltd leads with revenue of ₹2,818 crore, based on 2 of 2 comparable companies through Jun 2026.
Which Auto Ancillaries - Gears company is growing fastest?
JTEKT India Ltd has the fastest current revenue growth at 16.8%, across 2 of 2 comparable companies.
Which Auto Ancillaries - Gears company has the strongest 4-Factor Sector Score?
The Hi-Tech Gears Ltd ranks first at 34.1/100 with 71% evidence confidence. The score prioritizes research; it is not a buy recommendation.
How much history does this Auto Ancillaries - Gears 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 - Gears 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 - Gears, this page builds its own equal-weight basket of 2 listed Auto Ancillaries - Gears 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 - Gears stocks in India?
Ranked by this page's four-factor score, The Hi-Tech Gears Ltd places first among 2 listed Auto Ancillaries - Gears companies, followed by JTEKT India 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 - Gears stocks are listed in India?
This comparison covers 2 listed Auto Ancillaries - Gears 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 - Gears company is the biggest?
JTEKT India Ltd is the largest, with trailing-twelve-month revenue of ₹2,818 crore, ahead of The Hi-Tech Gears Ltd at ₹931 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.
Which Auto Ancillaries - Gears company has the best profit margins?
The Hi-Tech Gears Ltd has the highest operating margin at 11.1%, from 2 of 2 comparable companies. JTEKT India Ltd shows the biggest recent improvement, at -0.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Auto Ancillaries - Gears company makes the most profit?
JTEKT India Ltd earns the most, at ₹72 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. JTEKT India Ltd has the fastest profit growth at 1.5%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Auto Ancillaries - Gears company earns the highest return on capital?
JTEKT India Ltd leads on return on capital employed at 9.8%, across 2 of 2 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.
Is the Auto Ancillaries - Gears sector beating the market?
Auto Ancillaries - Gears has underperformed NIFTY 500 by 20.7% over the last 52 weeks and 4.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Auto Ancillaries - Gears stock has the strongest price momentum?
The Hi-Tech Gears 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 - Gears company scores highest for research priority?
The Hi-Tech Gears Ltd scores 34.1 out of 100 with 71% evidence confidence, from 6.8 points on growth and earnings, 10.7 on capital efficiency, 10 on valuation and 6.6 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 - Gears companies does this comparison cover, and over what period?
It compares 2 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 - Gears sector?
The 2 Auto Ancillaries - Gears companies on this page carry ₹4,439 crore of combined market value. JTEKT India Ltd is the largest at ₹3,275 crore, about 74% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.
How is the Auto Ancillaries - Gears sector performing?
0 of the 2 covered Auto Ancillaries - Gears companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 20.7% 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.
Not SEBI Registered !! Not Investment advice !!