Auto Ancillaries - 2&3 Wheelers Stocks in India
Auto Ancillaries - 2&3 Wheelers: Sandhar Technologies Limited owns the largest revenue base AND the fastest current growth.
Nifty Auto Ancillaries - 2&3 Wheelers Index — Constituents & Performance
All 2 listed Indian Auto Ancillaries - 2&3 Wheelers companies are named here, largest first — the same constituent set people search for as the Nifty Auto Ancillaries - 2&3 Wheelers index. Every figure on this page is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
- Fiem Industries Ltd₹6.2K Cr
- Sandhar Technologies Limited₹3.9K Cr
Is Auto Ancillaries - 2&3 Wheelers outperforming NIFTY 500?
Auto Ancillaries - 2&3 Wheelers has outperformed NIFTY 500 by 45.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 13%. 2 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Sandhar Technologies Limited is the strongest against the sector itself at -3.7%.
Sector metric: 18.0 as of 2026-08-09 · LEADERS · rising.
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 - 2&3 Wheelers has outperformed NIFTY 500 by 45.9% over 52 weeks and 13% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself. Sandhar Technologies Limited leads with revenue of ₹5,144 crore, based on 2 of 2 comparable companies through Jun 2026.
Best Auto Ancillaries - 2&3 Wheelers Stocks in India (Aug 2026), Ranked by Data
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.
Top 10 Auto Ancillaries - 2&3 Wheelers Stocks in India
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Sandhar Technologies LimitedSANDHAR | 61.1/100Mixed-positive evidence91% evidence | BREAKING OUT | 25.1/35 Revenue 26.6% · PAT 46.8% · OPM change 0 pp 100% evidence | 10.3/25 ROCE 14.4% · OPM 8% 100% evidence | 16.5/20 P/E 18.4× · PEG 0.69 85% evidence | 9.2/20 RS sector -3.7% · RS bench 15% · 1Y 47.2%11 of 11 weeks ahead 70% evidence |
| Exact sum: 25.1 + 10.3 + 16.5 + 9.2 = 61.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Fiem Industries LtdFIEMIND | 58.8/100Mixed-positive evidence97% evidence | TURNING | 22.9/35 Revenue 17.1% · PAT 22.9% · OPM change -1 pp 100% evidence | 18.1/25 ROCE 29.3% · OPM 13% 100% evidence | 12.8/20 P/E 23.5× · PEG 0.86 85% evidence | 5.0/20 RS sector -7.5% · RS bench 5.2% · 1Y 30.1%2 of 12 weeks ahead 100% evidence |
| Exact sum: 22.9 + 18.1 + 12.8 + 5 = 58.8 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -7.5% and the one-year return is 30.1%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
Market action
Sandhar Technologies Limited has the strongest one-year price move in Auto Ancillaries - 2&3 Wheelers at +47.2%. It also leads on Mansfield relative strength against NIFTY at +15%. 2 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.
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 - 2&3 Wheelers 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 - 2&3 Wheelers — the story behind the numbers
This is the written read behind the Auto Ancillaries - 2&3 Wheelers figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 19 Apr 2026, so the words are older than the numbers. 2 themes are live here.
Fiem Industries (FIEMIND) demonstrated a 16.22% YoY revenue growth in Q3 FY26, reaching ₹685.81 Cr. This performance was underpinned by a broad-based recovery in the 2-wheeler segment, particularly with key OEMs like TVS and Honda, and aided by festival demand.
How old this read is: STALE — this read comes from our Auto Ancillaries - 2&3 Wheelers sector brief dated 19 Apr 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| Input cost increases are occurring, impacting margins with a potential lag.Named for FIEMIND | medium | “Nothing specific. And if it does, as we mentioned, it is kind of passed on. It sometimes comes with a lag.” Costs are passed on to OEMs on a rolling basis. |
| Broader economic headwinds and global instability affecting trade sentiment.Named for FIEMIND | low | “The Indian economy continues to demonstrate resilient and steady momentum in spite of the geopolitical challenges.” Focusing on resilient domestic demand and steady momentum. |
Sources: our Auto Ancillaries - 2&3 Wheelers sector brief, 19 Apr 2026 · company earnings-call transcripts.
Revenue Scale & Growth Durability
Sandhar Technologies Limited has the highest Revenue among the 2 Auto Ancillaries - 2&3 Wheelers companies compared here, at ₹5,144 crore. Fiem Industries Ltd is next at ₹2,931 crore. The same company also holds the highest Revenue growth, at 26.6%. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Sandhar Technologies Limited is the scale leader at ₹5,144 crore, 75.5% ahead of Fiem Industries Ltd. Sandhar Technologies Limited's growth is 26.6% from a ₹5,144 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: Sandhar Technologies Limited is the scale benchmark; Sandhar Technologies Limited is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Sandhar Technologies Limited's growth falls below Sandhar Technologies Limited'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 |
|---|---|---|---|
| Sandhar Technologies Limited SANDHAR | ₹1.4K Cr | 27% | Jun 2026 |
| Fiem Industries Ltd FIEMIND | ₹775 Cr | 18% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Sandhar Technologies Limited · SANDHAR
Revenue growth · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
Operating Economics & Margin Trend
Fiem Industries Ltd has the highest OPM among the 2 Auto Ancillaries - 2&3 Wheelers companies compared here, at 13%. Sandhar Technologies Limited is next at 8%. Sandhar Technologies Limited has the highest Margin change at 0 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: Fiem Industries Ltd leads opm at 13%; Sandhar Technologies Limited leads margin change at 0 percentage points.
Investor read: Fiem Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Fiem Industries Ltd FIEMIND | 13% | −1.0 pp | Jun 2026 |
| Sandhar Technologies Limited SANDHAR | 8.0% | 0.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
Margin change · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
Profit Scale & Acceleration
Fiem Industries Ltd has the highest Net profit among the 2 Auto Ancillaries - 2&3 Wheelers companies compared here, at ₹263 crore. Sandhar Technologies Limited is next at ₹207 crore. Sandhar Technologies Limited has the highest Profit growth at 46.8%, so level and change sit with different companies. Its Net profit series carries 20 reported observations across the 20-quarter window.
What the numbers say: Fiem Industries Ltd leads with ₹263 crore of TTM profit, 27.1% above Sandhar Technologies Limited. Sandhar Technologies Limited shows 46.8% growth from a ₹207 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Fiem Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Fiem Industries Ltd FIEMIND | ₹65 Cr | 12% | Jun 2026 |
| Sandhar Technologies Limited SANDHAR | ₹37 Cr | 32% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
Profit growth · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
Return On Capital Employed
Fiem Industries Ltd has the highest ROCE among the 2 Auto Ancillaries - 2&3 Wheelers companies compared here, at 29.3%. Sandhar Technologies Limited is next at 14.4%. The same company also holds the highest ROCE change, at +1.4 percentage points. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Fiem Industries Ltd leads ROCE at 29.3%, 14.9 percentage points above Sandhar Technologies Limited. Fiem Industries Ltd has the strongest latest improvement at +1.4 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: Fiem Industries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Fiem Industries Ltd FIEMIND | 25% | +1.4 pp | Jun 2026 |
| Sandhar Technologies Limited SANDHAR | 13% | −0.4 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
ROCE change · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
Valuation Against Growth & Quality
Sandhar Technologies Limited has the lowest PEG among the 2 Auto Ancillaries - 2&3 Wheelers companies compared here, at 0.69×. Fiem Industries Ltd is next at 0.86×. The same company also holds the lowest P/E, at 18.4×. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Sandhar Technologies Limited has the lowest comparable PEG at 0.69×, 19.8% below Fiem Industries Ltd. Only 2 of 2 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.
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 |
|---|---|---|---|
| Fiem Industries Ltd FIEMIND | 0.9 | 22.9 | Jun 2026 |
| Sandhar Technologies Limited SANDHAR | 0.7 | 30.0 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
P/E · reported quarter history
Fiem Industries Ltd · FIEMIND
Sandhar Technologies Limited · SANDHAR
What can make this comparison misleading?
This Auto Ancillaries - 2&3 Wheelers comparison names 4 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. 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.
How was this comparison built?
This comparison is built from the reported filings of 2 Auto Ancillaries - 2&3 Wheelers 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 2026-08-14.
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 - 2&3 Wheelers company comparison FAQs
These 23 answers restate the Auto Ancillaries - 2&3 Wheelers 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 2026-08-14. Nothing here is estimated, and none of it is a recommendation.
Is the Auto Ancillaries - 2&3 Wheelers sector outperforming NIFTY 500?
Auto Ancillaries - 2&3 Wheelers has outperformed NIFTY 500 by 45.9% over 52 weeks and 13% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself.
Which Auto Ancillaries - 2&3 Wheelers company is largest by revenue?
Sandhar Technologies Limited leads with revenue of ₹5,144 crore, based on 2 of 2 comparable companies through Jun 2026.
Which Auto Ancillaries - 2&3 Wheelers company is growing fastest?
Sandhar Technologies Limited has the fastest current revenue growth at 26.6%, across 2 of 2 comparable companies.
Which Auto Ancillaries - 2&3 Wheelers company has the strongest 4-Factor Sector Score?
Sandhar Technologies Limited ranks first at 61.1/100 with 91% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Auto Ancillaries - 2&3 Wheelers company has the lowest comparable PEG?
Sandhar Technologies Limited has the lowest comparable PEG at 0.69, among 2 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Auto Ancillaries - 2&3 Wheelers 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 - 2&3 Wheelers 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 - 2&3 Wheelers, this page builds its own equal-weight basket of 2 listed Auto Ancillaries - 2&3 Wheelers 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 - 2&3 Wheelers stocks in India?
Ranked by this page's four-factor score, Sandhar Technologies Limited places first among 2 listed Auto Ancillaries - 2&3 Wheelers companies, followed by Fiem Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Auto Ancillaries - 2&3 Wheelers stocks are listed in India?
This comparison covers 2 listed Auto Ancillaries - 2&3 Wheelers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Auto Ancillaries - 2&3 Wheelers company is the biggest?
Sandhar Technologies Limited is the largest, with trailing-twelve-month revenue of ₹5,144 crore, ahead of Fiem Industries Ltd at ₹2,931 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.
Which Auto Ancillaries - 2&3 Wheelers company has the best profit margins?
Fiem Industries Ltd has the highest operating margin at 13%, from 2 of 2 comparable companies. Sandhar Technologies Limited shows the biggest recent improvement, at 0 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Auto Ancillaries - 2&3 Wheelers company makes the most profit?
Fiem Industries Ltd earns the most, at ₹263 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Sandhar Technologies Limited has the fastest profit growth at 46.8%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Auto Ancillaries - 2&3 Wheelers company earns the highest return on capital?
Fiem Industries Ltd leads on return on capital employed at 29.3%, 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.
Which Auto Ancillaries - 2&3 Wheelers stock is the cheapest?
On PEG — where a LOWER number is cheaper — Sandhar Technologies Limited screens cheapest at 0.69×. All 2 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Auto Ancillaries - 2&3 Wheelers sector beating the market?
Auto Ancillaries - 2&3 Wheelers has outperformed NIFTY 500 by 45.9% over the last 52 weeks and 13% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 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 - 2&3 Wheelers stock has the strongest price momentum?
Sandhar Technologies Limited has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Auto Ancillaries - 2&3 Wheelers company scores highest for research priority?
Sandhar Technologies Limited scores 61.1 out of 100 with 91% evidence confidence, from 25.1 points on growth and earnings, 10.3 on capital efficiency, 16.5 on valuation and 9.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Auto Ancillaries - 2&3 Wheelers 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 - 2&3 Wheelers sector?
The 2 Auto Ancillaries - 2&3 Wheelers companies on this page carry ₹10,037 crore of combined market value. Fiem Industries Ltd is the largest at ₹6,186 crore, about 62% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.
How is the Auto Ancillaries - 2&3 Wheelers sector performing?
2 of the 2 covered Auto Ancillaries - 2&3 Wheelers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 45.9% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.
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.