Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Auto Ancillaries - 2 Wheelers Stocks in India

Auto Ancillaries - 2 Wheelers: Belrise Industries Ltd owns the largest revenue base; Pricol Ltd has the fastest current growth.

01 · the index people search for

Nifty Auto Ancillaries - 2 Wheelers Index — Constituents & Performance

The Auto Ancillaries - 2 Wheelers companies below are the listed Indian Auto Ancillaries - 2 Wheelers universe this page tracks — the same constituent set people search for as the Nifty Auto Ancillaries - 2 Wheelers index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Auto Ancillaries - 2 Wheelers 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 57% ahead of NIFTY 500. Earnings across its companies grew 18% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 5 weeks running.

BREAKING OUT · ahead 5wPrice and the fundamentals both up3 of 4 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑5w · 3/4 >200d (+1) · 3/4 lead (+1) · EPS 4/4↑

200500100020262025202420232022 1387333 TRAILING 12-MONTH EPS · 100 AT THE START0100169Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 49.6% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 4.5% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 105, against 100 at the start · up 0.6% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 7.7% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 125, against 100 at the start · up 13.1% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 135, against 100 at the start · up 23.0% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 141, against 100 at the start · up 22.3% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 148, against 100 at the start · up 28.9% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 153, against 100 at the start · up 21.2% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 162, against 100 at the start · up 18.0% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 166, against 100 at the start · up 20.9% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 169, against 100 at the start · up 12.7% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two169 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1387333 TRAILING 12-MONTH EPS · 100 AT THE START0100169Mar 23Mar 24Mar 25Mar 26Sep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 102, against 100 at the start · up 49.6% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 4.5% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 105, against 100 at the start · up 0.6% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 7.7% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 125, against 100 at the start · up 13.1% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 135, against 100 at the start · up 23.0% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 141, against 100 at the start · up 22.3% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 148, against 100 at the start · up 28.9% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 153, against 100 at the start · up 21.2% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 162, against 100 at the start · up 18.0% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 166, against 100 at the start · up 20.9% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 169, against 100 at the start · up 12.7% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two169No earnings on file this far back — the price series reaches further than the filings do
Auto Ancillaries - 2 Wheelers, 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 4 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 - 2 Wheelers outperforming NIFTY 500?

Auto Ancillaries - 2 Wheelers has outperformed NIFTY 500 by 43.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 9.1%. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Belrise Industries Ltd is the strongest against the sector itself at +9.1%.

+9.1%Sector vs NIFTY 500 · 13 weeks
+43.2%Sector vs NIFTY 500 · 52 weeks
3/4Stocks leading NIFTY 500
2/4Stocks leading sector

Sector metric: 8.3 as of 2026-07-19 · NARROWING · rising.

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 - 2 Wheelers has outperformed NIFTY 500 by 43.2% over 52 weeks and 9.1% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself. Belrise Industries Ltd leads with revenue of ₹9,510 crore, based on 4 of 4 comparable companies through Mar 2026.

Companies
4
complete canonical membership
Combined market value
₹46.9K Cr
Belrise Industries Ltd
Revenue growing
4/4
positive TTM year-on-year growth
Beating NIFTY 500
3/4
positive Mansfield relative strength
Comparing 4 of 4
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%
Pricol Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% 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.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Pricol LtdPRICOLLTD 84.0/100Sector-leading setup97% evidence BREAKING OUT 30.8/35 Revenue 43.2% · PAT 56.7% · OPM change 0 pp 100% evidence 18.6/25 ROCE 24.5% · OPM 11% 100% evidence 16.5/20 P/E 31.7× · PEG 0.57 85% evidence 18.1/20 RS sector 2.8% · RS bench 20.2% · 1Y 59.2%3 of 12 weeks ahead 100% evidence
Exact sum: 30.8 + 18.6 + 16.5 + 18.1 = 84 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Belrise Industries LtdBELRISE 66.2/100Favorable setup80% evidence LEADER 19.0/35 Revenue 14.7% · PAT 39.6% · OPM change -1 pp 88% evidence 15.2/25 ROCE 14.5% · OPM 11% 100% evidence 15.0/20 P/E 45.7× · PEG 0.53 50% evidence 17.0/20 RS sector 9.1% · RS bench 26.5% · 1Y 80.9%9 of 12 weeks ahead 70% evidence
Exact sum: 19 + 15.2 + 15 + 17 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3ASK Automotive LtdASKAUTOLTD 61.5/100Mixed-positive evidence87% evidence TURNING 19.7/35 Revenue 16% · PAT 20.2% · OPM change 0 pp 88% evidence 20.9/25 ROCE 25.4% · OPM 12% 100% evidence 12.9/20 P/E 35.2× · PEG 1.58 85% evidence 8.0/20 RS sector -17.9% · RS bench 11.4% · 1Y 3.9%7 of 10 weeks ahead 70% evidence
Exact sum: 19.7 + 20.9 + 12.9 + 8 = 61.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4L G Balakrishnan & Bros LtdLGBBROSLTD 41.4/100Mixed-negative evidence97% evidence ASLEEP 15.3/35 Revenue 20.8% · PAT 4.9% · OPM change -2 pp 100% evidence 16.1/25 ROCE 19.6% · OPM 13% 100% evidence 9.7/20 P/E 15.8× · PEG 1.45 85% evidence 0.3/20 RS sector -18.1% · RS bench -4.3% · 1Y 22.9%0 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 16.1 + 9.7 + 0.3 = 41.4 · 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

Belrise Industries Ltd has the strongest one-year price move in Auto Ancillaries - 2 Wheelers at +80.9%. It also leads on Mansfield relative strength against NIFTY at +26.5%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

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 · compare level, then change

Revenue Scale & Growth Durability

Belrise Industries Ltd has the highest Revenue among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹9,510 crore. Pricol Ltd is next at ₹4,250 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 Mar 2026.

What the numbers say: Belrise Industries Ltd is the scale leader at ₹9,510 crore, 123.8% ahead of Pricol Ltd. Pricol Ltd's growth is 43.2% from a ₹4,250 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBelrise Industries Ltd · ₹9,510 crore
Gap123.8% versus #2 · Pricol Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 75 observations

Investor read: Belrise Industries Ltd is the scale benchmark; Pricol Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

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.
Revenuelargest
1Belrise Industries Ltd BELRISE₹9.5K Cr
2Pricol Ltd PRICOLLTD₹4.3K Cr
3ASK Automotive Ltd ASKAUTOLTD₹4.2K Cr
4L G Balakrishnan & Bros Ltd LGBBROSLTD₹3.2K Cr
Revenue growthfastest growers
1Pricol Ltd PRICOLLTD43%
3ASK Automotive Ltd ASKAUTOLTD16%
Revenue · company comparison
4/4 level · 4/4 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.

CompanyRevenueRevenue growthReported
Belrise Industries Ltd BELRISE₹2.6K Cr12%Mar 2026
ASK Automotive Ltd ASKAUTOLTD₹1.1K Cr35%Mar 2026
Pricol Ltd PRICOLLTD₹1.1K Cr23%Jun 2026
L G Balakrishnan & Bros Ltd LGBBROSLTD₹799 Cr22%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

₹604 Cr
₹746 Cr
₹637 Cr
₹569 Cr
₹657 Cr
₹794 Cr
₹762 Cr
₹783 Cr
₹862 Cr
₹974 Cr
₹915 Cr
₹850 Cr
₹891 Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr

Belrise Industries Ltd · BELRISE

₹1.2K Cr
₹1.5K Cr
₹1.6K Cr
₹1.5K Cr
₹1.9K Cr
₹1.5K Cr
₹1.7K Cr
₹1.9K Cr
₹1.9K Cr
₹2.2K Cr
₹1.5K Cr
₹1.8K Cr
₹2.1K Cr
₹2.2K Cr
₹2.3K Cr
₹2.3K Cr
₹2.4K Cr
₹2.3K Cr
₹2.6K Cr

L G Balakrishnan & Bros Ltd · LGBBROSLTD

₹577 Cr
₹574 Cr
₹559 Cr
₹521 Cr
₹578 Cr
₹581 Cr
₹523 Cr
₹539 Cr
₹600 Cr
₹600 Cr
₹607 Cr
₹571 Cr
₹661 Cr
₹677 Cr
₹669 Cr
₹657 Cr
₹787 Cr
₹817 Cr
₹815 Cr
₹799 Cr

Pricol Ltd · PRICOLLTD

₹407 Cr
₹407 Cr
₹414 Cr
₹445 Cr
₹516 Cr
₹474 Cr
₹523 Cr
₹537 Cr
₹578 Cr
₹573 Cr
₹584 Cr
₹620 Cr
₹669 Cr
₹634 Cr
₹769 Cr
₹895 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr

Revenue growth · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

8.8%
6.4%
20%
38%
31%
23%
20%
8.6%
3.4%
8.2%
18%
35%

Belrise Industries Ltd · BELRISE

29%
65%
-2.6%
9.4%
31%
-2.7%
44%
-10%
-8.5%
12%
0.3%
49%
27%
14%
8.0%
12%

L G Balakrishnan & Bros Ltd · LGBBROSLTD

33%
0.2%
1.2%
-6.4%
3.5%
3.8%
3.3%
16%
5.9%
10%
13%
10%
15%
19%
21%
22%
22%

Pricol Ltd · PRICOLLTD

41%
27%
16%
26%
21%
12%
21%
12%
15%
16%
11%
32%
44%
51%
64%
43%
23%
07 · compare level, then change

Operating Economics & Margin Trend

L G Balakrishnan & Bros Ltd has the highest OPM among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 13%. ASK Automotive Ltd is next at 12%. ASK Automotive 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 13%; ASK Automotive Ltd leads margin change at 0 percentage points.

LeaderL G Balakrishnan & Bros Ltd · 13%
Gap8.3% versus #2 · ASK Automotive Ltd
Persistence0/8 recent comparable periods
Coverage4/4 companies · 75 observations

Investor read: L G Balakrishnan & Bros 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
2ASK Automotive Ltd ASKAUTOLTD12%
4Pricol Ltd PRICOLLTD11%
Margin changefastest expanders
1ASK Automotive Ltd ASKAUTOLTD0.0 pp
2Pricol Ltd PRICOLLTD0.0 pp
3Belrise Industries Ltd BELRISE−1.0 pp
4L G Balakrishnan & Bros Ltd LGBBROSLTD−2.0 pp
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
L G Balakrishnan & Bros Ltd LGBBROSLTD13%−2.0 ppJun 2026
ASK Automotive Ltd ASKAUTOLTD12%0.0 ppMar 2026
Belrise Industries Ltd BELRISE11%−1.0 ppMar 2026
Pricol Ltd PRICOLLTD11%0.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

5.8%
11%
9.0%
8.0%
10%
9.0%
11%
11%
12%
12%
12%
12%
13%
13%
13%
12%

Belrise Industries Ltd · BELRISE

9.5%
9.7%
9.2%
8.9%
8.4%
10%
7.4%
8.1%
9.4%
8.7%
12%
13%
12%
12%
12%
12%
13%
12%
11%

L G Balakrishnan & Bros Ltd · LGBBROSLTD

18%
20%
19%
16%
18%
18%
17%
16%
17%
18%
17%
16%
17%
17%
15%
15%
17%
16%
14%
13%

Pricol Ltd · PRICOLLTD

12%
12%
12%
12%
12%
11%
12%
12%
12%
12%
13%
13%
12%
12%
10%
11%
12%
12%
12%
11%

Margin change · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

+4.2 pp
−1.9 pp
+2.0 pp
+3.0 pp
+2.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp

Belrise Industries Ltd · BELRISE

−0.6 pp
−1.1 pp
+0.3 pp
−1.8 pp
−0.8 pp
+1.0 pp
−1.3 pp
+4.6 pp
+4.9 pp
+2.6 pp
+3.3 pp
0.0 pp
−1.0 pp
+1.0 pp
0.0 pp
−1.0 pp

L G Balakrishnan & Bros Ltd · LGBBROSLTD

+4.5 pp
+1.8 pp
+1.0 pp
+0.7 pp
−0.8 pp
−2.2 pp
−1.8 pp
−0.3 pp
−0.7 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
−2.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−1.0 pp
−2.0 pp

Pricol Ltd · PRICOLLTD

−2.2 pp
−3.4 pp
−0.1 pp
+1.4 pp
+0.1 pp
−0.6 pp
−0.3 pp
−0.1 pp
−0.1 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
−3.0 pp
−2.0 pp
0.0 pp
0.0 pp
+2.0 pp
0.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Belrise Industries Ltd has the highest Net profit among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at ₹497 crore. L G Balakrishnan & Bros Ltd is next at ₹319 crore. Pricol Ltd has the highest Profit growth at 56.7%, so level and change sit with different companies.

What the numbers say: Belrise Industries Ltd leads with ₹497 crore of TTM profit, 55.8% above L G Balakrishnan & Bros Ltd. Pricol Ltd shows 56.7% growth from a ₹268 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBelrise Industries Ltd · ₹497 crore
Gap55.8% versus #2 · L G Balakrishnan & Bros Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 75 observations

Investor read: Belrise 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.

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
1Belrise Industries Ltd BELRISE₹497 Cr
2L G Balakrishnan & Bros Ltd LGBBROSLTD₹319 Cr
3ASK Automotive Ltd ASKAUTOLTD₹298 Cr
4Pricol Ltd PRICOLLTD₹268 Cr
Profit growthfastest growers
1Pricol Ltd PRICOLLTD57%
3ASK Automotive Ltd ASKAUTOLTD20%
Net profit · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Belrise Industries Ltd BELRISE₹130 Cr18%Mar 2026
ASK Automotive Ltd ASKAUTOLTD₹72 Cr24%Mar 2026
Pricol Ltd PRICOLLTD₹67 Cr34%Jun 2026
L G Balakrishnan & Bros Ltd LGBBROSLTD₹67 Cr0.0%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

₹23 Cr
₹49 Cr
₹29 Cr
₹23 Cr
₹35 Cr
₹41 Cr
₹50 Cr
₹48 Cr
₹57 Cr
₹67 Cr
₹66 Cr
₹58 Cr
₹66 Cr
₹80 Cr
₹80 Cr
₹72 Cr

Belrise Industries Ltd · BELRISE

₹53 Cr
₹84 Cr
₹72 Cr
₹70 Cr
₹94 Cr
₹77 Cr
₹73 Cr
₹84 Cr
₹98 Cr
₹116 Cr
₹16 Cr
₹72 Cr
₹73 Cr
₹101 Cr
₹110 Cr
₹112 Cr
₹133 Cr
₹122 Cr
₹130 Cr

L G Balakrishnan & Bros Ltd · LGBBROSLTD

₹78 Cr
₹71 Cr
₹64 Cr
₹58 Cr
₹67 Cr
₹72 Cr
₹55 Cr
₹55 Cr
₹75 Cr
₹73 Cr
₹68 Cr
₹65 Cr
₹78 Cr
₹75 Cr
₹84 Cr
₹67 Cr
₹94 Cr
₹88 Cr
₹70 Cr
₹67 Cr

Pricol Ltd · PRICOLLTD

₹15 Cr
₹17 Cr
₹13 Cr
₹21 Cr
₹48 Cr
₹27 Cr
₹30 Cr
₹32 Cr
₹33 Cr
₹34 Cr
₹42 Cr
₹46 Cr
₹45 Cr
₹41 Cr
₹35 Cr
₹50 Cr
₹64 Cr
₹64 Cr
₹73 Cr
₹67 Cr

Profit growth · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

52%
-16%
72%
109%
63%
63%
32%
21%
16%
19%
21%
24%

Belrise Industries Ltd · BELRISE

32%
77%
-8.3%
1.4%
20%
4.3%
51%
-78%
-14%
-26%
-13%
588%
56%
82%
21%
18%

L G Balakrishnan & Bros Ltd · LGBBROSLTD

76%
-14%
1.4%
-14%
-5.2%
12%
1.4%
24%
18%
4.0%
2.7%
24%
3.1%
21%
17%
-17%
0.0%

Pricol Ltd · PRICOLLTD

250%
220%
59%
131%
52%
-31%
26%
40%
44%
36%
21%
-17%
8.7%
42%
56%
109%
34%
09 · compare level, then change

Return On Capital Employed

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 Mar 2026.

What the numbers say: ASK Automotive Ltd leads ROCE at 25.4%, 0.9 percentage points above Pricol Ltd. Pricol Ltd has the strongest latest improvement at +5.9 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.

LeaderASK Automotive Ltd · 25.4%
Gap3.7% versus #2 · Pricol Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 57 observations

Investor read: ASK Automotive 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
1ASK Automotive Ltd ASKAUTOLTD25%
2Pricol Ltd PRICOLLTD25%
ROCE changefastest improvers
1Pricol Ltd PRICOLLTD+5.9 pp
2L G Balakrishnan & Bros Ltd LGBBROSLTD0.0 pp
3ASK Automotive Ltd ASKAUTOLTD−1.0 pp
4Belrise Industries Ltd BELRISE−2.5 pp
Return on capital · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Pricol Ltd PRICOLLTD27%+5.9 ppJun 2026
ASK Automotive Ltd ASKAUTOLTD23%−1.0 ppMar 2026
L G Balakrishnan & Bros Ltd LGBBROSLTD16%0.0 ppJun 2026
Belrise Industries Ltd BELRISE13%−2.5 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

20%
20%
17%
22%
20%
28%
23%
29%
24%
29%
23%
28%
23%

Belrise Industries Ltd · BELRISE

22%
15%
16%
16%
16%
15%
16%
15%
14%
16%
20%
13%
18%
13%

L G Balakrishnan & Bros Ltd · LGBBROSLTD

26%
26%
25%
21%
20%
26%
19%
25%
17%
23%
16%
22%
17%
22%
16%

Pricol Ltd · PRICOLLTD

19%
15%
21%
20%
21%
24%
23%
26%
23%
26%
21%
24%
22%
28%
27%

ROCE change · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

+0.5 pp
+7.7 pp
+5.9 pp
+7.8 pp
+3.4 pp
+1.4 pp
−0.4 pp
−0.9 pp
−1.0 pp

Belrise Industries Ltd · BELRISE

−6.5 pp
+1.9 pp
+0.3 pp
−1.1 pp
−0.5 pp
+0.2 pp
+3.5 pp
−2.3 pp
+3.2 pp
−2.5 pp

L G Balakrishnan & Bros Ltd · LGBBROSLTD

−1.0 pp
−4.5 pp
−4.8 pp
−2.6 pp
−2.9 pp
−2.5 pp
−2.3 pp
−2.8 pp
−0.5 pp
−0.8 pp
0.0 pp

Pricol Ltd · PRICOLLTD

+1.8 pp
+4.8 pp
+0.7 pp
+2.8 pp
+1.8 pp
+2.0 pp
−1.7 pp
−1.3 pp
−1.1 pp
+1.6 pp
+5.9 pp
10 · compare level, then change

Valuation Against Growth & Quality

Belrise Industries Ltd has the lowest PEG among the 4 Auto Ancillaries - 2 Wheelers companies compared here, at 0.53×. Pricol Ltd is next at 0.57×. L G Balakrishnan & Bros Ltd has the lowest P/E at 15.8×, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Belrise Industries Ltd has the lowest comparable PEG at 0.53×, 7% below Pricol Ltd. Only 4 of 4 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.

LeaderBelrise Industries Ltd · 0.53×
Gap7% versus #2 · Pricol Ltd
Persistence0/4 recent comparable periods
Coverage4/4 companies · 30 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
2Pricol Ltd PRICOLLTD0.6
4ASK Automotive Ltd ASKAUTOLTD1.6
P/Elowest P/E
2Pricol Ltd PRICOLLTD31.7
3ASK Automotive Ltd ASKAUTOLTD35.2
Valuation · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyPEGP/EReported
ASK Automotive Ltd ASKAUTOLTD1.630.5Mar 2026
L G Balakrishnan & Bros Ltd LGBBROSLTD1.516.0Jun 2026
Pricol Ltd PRICOLLTD0.628.5Jun 2026
Belrise Industries Ltd BELRISE0.531.7Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

2.2
1.3
2.6
1.4
1.7
1.6

Belrise Industries Ltd · BELRISE

0.5

L G Balakrishnan & Bros Ltd · LGBBROSLTD

0.2
0.4
0.7
1.4
1.6
1.7
1.6
2.6
1.1
1.0
1.5

Pricol Ltd · PRICOLLTD

1.3
1.1
1.3
2.1
1.9
1.1
0.9
1.8
3.4
2.8
1.3
0.6

P/E · reported quarter history

ASK Automotive Ltd · ASKAUTOLTD

46.7
45.8
41.2
44.6
41.4
37.0
41.7
42.6
35.4
30.5

Belrise Industries Ltd · BELRISE

19.3
28.0
31.0
31.7

L G Balakrishnan & Bros Ltd · LGBBROSLTD

8.2
10.1
7.7
7.9
9.7
8.7
9.4
15.1
13.7
15.8
15.9
16.9
15.9
14.6
13.7
14.1
15.7
18.8
16.9
16.0

Pricol Ltd · PRICOLLTD

14.3
31.2
38.0
29.1
35.3
25.5
25.1
23.8
31.2
38.1
36.8
42.6
37.5
41.3
31.7
32.9
38.4
39.9
30.1
28.5
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

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 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.
12 · evidence and freshness

How was this comparison built?

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 Jun 2026 and market data through 2026-07-31.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · 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 standing4 cross-checked · 0 unverified · 0 withheld, of 4 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.

13 · questions investors ask, short speakable answers

Auto Ancillaries - 2 Wheelers company comparison FAQs

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 Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Auto Ancillaries - 2 Wheelers sector outperforming NIFTY 500?

Auto Ancillaries - 2 Wheelers has outperformed NIFTY 500 by 43.2% over 52 weeks and 9.1% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself.

Which Auto Ancillaries - 2 Wheelers company is largest by revenue?

Belrise Industries Ltd leads with revenue of ₹9,510 crore, based on 4 of 4 comparable companies through Mar 2026.

Which Auto Ancillaries - 2 Wheelers company is growing fastest?

Pricol Ltd has the fastest current revenue growth at 43.2%, across 4 of 4 comparable companies.

Which Auto Ancillaries - 2 Wheelers company has the strongest 4-Factor Sector Score?

Pricol Ltd ranks first at 84/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Auto Ancillaries - 2 Wheelers company has the lowest comparable PEG?

Belrise Industries Ltd has the lowest comparable PEG at 0.53, among 4 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Auto Ancillaries - 2 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.

What is the Nifty Auto Ancillaries - 2 Wheelers index?

The Nifty Auto Ancillaries - 2 Wheelers index tracks India's listed Auto Ancillaries - 2 Wheelers companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Auto Ancillaries - 2 Wheelers sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Auto Ancillaries - 2 Wheelers stocks in India?

Ranked by this page's four-factor score, Pricol Ltd places first among 4 listed Auto Ancillaries - 2 Wheelers companies, followed by Belrise 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 Wheelers stocks are listed in India?

This comparison covers 4 listed Auto Ancillaries - 2 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 Wheelers company is the biggest?

Belrise Industries Ltd is the largest, with trailing-twelve-month revenue of ₹9,510 crore, ahead of Pricol Ltd at ₹4,250 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.

Which Auto Ancillaries - 2 Wheelers company has the best profit margins?

L G Balakrishnan & Bros Ltd has the highest operating margin at 13%, from 4 of 4 comparable companies. ASK Automotive Ltd 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 Wheelers company makes the most profit?

Belrise Industries Ltd earns the most, at ₹497 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Pricol Ltd has the fastest profit growth at 56.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Auto Ancillaries - 2 Wheelers company earns the highest return on capital?

ASK Automotive Ltd leads on return on capital employed at 25.4%, across 4 of 4 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 Wheelers stock is the cheapest?

On PEG — where a LOWER number is cheaper — Belrise Industries Ltd screens cheapest at 0.53×. Only 4 of 4 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 - 2 Wheelers sector beating the market?

Auto Ancillaries - 2 Wheelers has outperformed NIFTY 500 by 43.2% over the last 52 weeks and 9.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Auto Ancillaries - 2 Wheelers stock has the strongest price momentum?

Belrise Industries 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 - 2 Wheelers company scores highest for research priority?

Pricol Ltd scores 84 out of 100 with 97% evidence confidence, from 30.8 points on growth and earnings, 18.6 on capital efficiency, 16.5 on valuation and 18.1 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 Wheelers companies does this comparison cover, and over what period?

It compares 4 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 Wheelers sector?

The 4 Auto Ancillaries - 2 Wheelers companies on this page carry ₹46,862 crore of combined market value. Belrise Industries Ltd is the largest at ₹22,895 crore, about 49% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Auto Ancillaries - 2 Wheelers sector performing?

3 of the 4 covered Auto Ancillaries - 2 Wheelers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 43.2% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

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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