Two-Wheeler Parts Stocks and Companies in India

The largest Two-Wheeler Parts stocks in India by market value are Belrise Industries (₹19,966 crore), ASK Automotive (₹12,382 crore) and Pricol (₹7,850 crore), at prices of 30 Oct 2026.

• Belrise Industries: ₹206.44 | market value ₹19,966 crore | P/E 39.1
• ASK Automotive: ₹566.30 | market value ₹12,382 crore | P/E 36.6
• Pricol: ₹644.05 | market value ₹7,850 crore | P/E 29.3
• L G Balakrishnan & Bros: ₹1,672.75 | market value ₹5,388 crore | P/E 16.9

Share price | market value | P/E, biggest first. Prices and market values as of 30 Oct 2026; ratios as in the score list below.

All 4 listed Indian Auto Ancillaries - 2 Wheelers companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Auto Ancillaries - 2 Wheelers index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Belrise Industries Ltd₹20,000 cr
2. ASK Automotive Ltd₹12,400 cr
3. Pricol Ltd₹7,850 cr
4. L G Balakrishnan & Bros Ltd₹5,390 cr

4 Two-Wheeler Parts companies in the Auto Ancillaries - 2 Wheelers industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 4 are listed below, largest first. The largest is Belrise Industries (₹19,966 crore) and the smallest with a market value is L G Balakrishnan & Bros.

Download all 4 Two-Wheeler Parts companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 60% ahead of NIFTY 500. Earnings across its companies grew 16% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 18 weeks running.

Price and the fundamentals both up. 2 of 4 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 18 weeks running; 2 of the 4 companies in the industry index above their 200-day average (2 fewer than four weeks earlier); 2 of those 4 pass the momentum test (2 fewer than four weeks earlier); earnings rising at 2 of the 4 that report earnings.

Ahead of NIFTY 500 for 18 weeks running and +35.2% over a year, with 4 → 2 of 4 stocks participating. Earnings mixed, 2 of 4 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same 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 or tap any point to read both values and the gap.

Auto Ancillaries - 2 Wheelers has done better than the NIFTY 500 by 41.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.5%. Pricol Ltd is the strongest against the sector itself at −3.5%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 14.0 as of 30 October 2026 (consolidation, falling).

Auto Ancillaries - 2 Wheelers has done better than the NIFTY 500 by 41.2% over 52 weeks and by 6.5% over 13 weeks. 2 of 4 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 0 of the 3 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Pricol Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% evidence confidence.

Belrise Industries Ltd has the strongest one-year price move in Auto Ancillaries - 2 Wheelers at +37.1%. ASK Automotive Ltd leads on relative strength against the NIFTY, at +19.9%. 4 of 4 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: 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.

RS vs NIFTY 500: 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.

RS vs sector: The same measure taken against Auto Ancillaries - 2 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.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

This is the pattern our own work says loses most often: the price ran further than the profit. Sector sales rose from ₹13,299 crore in the year to 2023 to ₹20,802 crore in 2026 and combined profit from ₹814 crore to ₹1,364 crore, real growth. In the week of 17 August 2026, 75% of 4 Auto Ancillaries - 2 Wheelers companies were beating the Nifty 500, against 100% on 6 April 2026.

From our industry review of 22 August 2026. A newer review (10 October 2026) did not cover Auto Ancillaries - 2 Wheelers, so this is the latest we have.

3 of 4 Auto Ancillaries - 2 Wheelers companies held a results call for April to June 2026. Belrise Industries guided: FY27 operating margin broadly stable versus FY26 levels, with sequential improvement expected in coming quarters.

From the results calls for April to June 2026.

Big funds, foreign and Indian, raised their stake by 1.3 points over the last two quarters. Founders and promoters cut theirs by 1.3 points.

• Spending on new plants and equipment was ₹1,532 crore in the last 12 months, 24% less than a year before.
• Projects still being built grew 27% in a year.
• 1 Auto Ancillaries - 2 Wheelers call in the last quarters talked about adding capacity.

Big funds = foreign and Indian institutions, change in their share of ownership across 4 Auto Ancillaries - 2 Wheelers companies, in percentage points.

Ownership and spending as of 10 October 2026.

Pricol's next quarter shows the promised indexation actually landing, its operating margin lifting off 11.4% toward the 12.5-13% it calls steady-state, AND the sector's combined quarterly profit breaks above the ₹371 crore it made a year ago, ending four flat quarters. The reverse breaks it the other way: a fifth quarter of flat or falling combined profit with margin still below 12%, while the customers keep commissioning 25-40% more capacity into a 3-6% growth market, at which point the 174.4% price run has no earnings coming to meet it.

From our industry review of 10 October 2026.

Belrise Industries Ltd has the highest Revenue among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹9,794 crore. ASK Automotive Ltd is next at ₹5,144 crore. Pricol Ltd has the highest Revenue growth at 43.2%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Belrise Industries Ltd is the largest at ₹9,794 crore, 90.4% ahead of ASK Automotive Ltd. Pricol Ltd's growth is 43.2% from a ₹4,250 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Belrise Industries Ltd is the size to compare against; Pricol Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Belrise Industries Ltd's growth falls below Pricol 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.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

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.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

L G Balakrishnan & Bros Ltd has the highest OPM among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 15%. Belrise Industries Ltd is next at 12%. Belrise Industries Ltd has the highest Margin change at 0 percentage points, so level and change sit with different companies.

What the numbers say: L G Balakrishnan & Bros Ltd leads opm at 15%; Belrise Industries Ltd leads margin change at 0 percentage points.

What this means: L G Balakrishnan & Bros Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Belrise Industries Ltd has the highest Net profit among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹507 crore. ASK Automotive Ltd is next at ₹339 crore. Pricol Ltd has the highest Profit growth at 56.7%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Belrise Industries Ltd earns the most, ₹507 crore of profit over the last 12 months, 49.6% above ASK Automotive Ltd. Pricol Ltd shows 56.7% growth from a profit base of ₹268 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Belrise Industries Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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 profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

ASK Automotive Ltd has the highest ROCE among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 25.4%. Pricol Ltd is next at 24.5%. Pricol Ltd has the highest ROCE change at +5.9 percentage points, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: ASK Automotive Ltd leads ROCE at 25.4%, 0.9 percentage points above Pricol Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: ASK Automotive Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

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.

Return on capital · company comparison

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Pricol Ltd has the lowest PEG among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 0.57×. L G Balakrishnan & Bros Ltd is next at 1.45×. L G Balakrishnan & Bros Ltd has the lowest P/E at 16.9×, so level and change sit with different companies. Its PEG series carries 12 reported observations across the 20-quarter window.

What the numbers say: Pricol Ltd has the lowest comparable PEG at 0.57×, 60.7% below L G Balakrishnan & Bros Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

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 worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. 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.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Auto Ancillaries - 2 Wheelers companies show up on 4 of our India lists. The most are on the momentum stocks list (2 companies).

This Auto Ancillaries - 2 Wheelers comparison names 4 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

This comparison is built from the reported filings of 4 Auto Ancillaries - 2 Wheelers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

These 23 answers restate the Auto Ancillaries - 2 Wheelers comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.