20-quarter listed-company comparison

Auto Ancillaries - Axle & Brakes Stocks in India

Auto Ancillaries - Axle & Brakes: Rane Brake Lining Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Auto Ancillaries - Axle & Brakes Index — Constituents & Performance

All 2 listed Indian Auto Ancillaries - Axle & Brakes companies are named here, largest first — the same constituent set people search for as the Nifty Auto Ancillaries - Axle & Brakes 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.

Hindustan Composites Ltd₹606 Cr
Rane Brake Lining Ltd₹576 Cr

02 · sector relative strength, before individual stocks

Is Auto Ancillaries - Axle & Brakes outperforming NIFTY 500?

Auto Ancillaries - Axle & Brakes has underperformed NIFTY 500 by 13.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 6.3%. 0 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Hindustan Composites Ltd is the strongest against the sector itself at 0%.

-6.3%Sector vs NIFTY 500 · 13 weeks

-13.1%Sector vs NIFTY 500 · 52 weeks

0/2Stocks leading NIFTY 500

0/2Stocks leading sector

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 - Axle & Brakes has underperformed NIFTY 500 by 13.1% over 52 weeks and 6.3% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 0 of 2 beat the sector itself. Rane Brake Lining Ltd leads with revenue of ₹705 crore, based on 2 of 2 comparable companies through Dec 2024.

Companies

complete canonical membership

Combined market value

₹1.2K Cr

Hindustan Composites Ltd

Revenue growing

1/2

positive TTM year-on-year growth

Beating NIFTY 500

0/2

positive Mansfield relative strength

Comparing 2 of 2

03 · research priority, made explicit

Best Auto Ancillaries - Axle & Brakes 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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Hindustan Composites Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 84% 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.

Top 10 Auto Ancillaries - Axle & Brakes Stocks in India

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Hindustan Composites LtdHINDCOMPOS	28.8/100Adverse evidence84% evidence	BASING	6.4/35 Revenue -15.8% · PAT -4.3% · OPM change -8.6 pp 95% evidence	7.3/25 ROCE 0.5% · OPM 12.7% 95% evidence	7.6/20 P/E 34.7× · PEG — 35% evidence	7.5/20 RS sector 0% · RS bench -7.4% · 1Y -13.2%1 of 12 weeks ahead 100% evidence
Exact sum: 6.4 + 7.3 + 7.6 + 7.5 = 28.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Rane Brake Lining LtdRBL	49.1/100Thin evidence · provisional45% evidence		18.3/35 Revenue 10.3% · PAT 21.2% · OPM change -1 pp 18% evidence	15.0/25 ROCE 20.5% · OPM 10% 71% evidence	12.6/20 P/E 12.6× · PEG — 35% evidence	3.2/20 RS sector -4.8% · RS bench -20.1% · 1Y —0 of 12 weeks ahead to 2025-04-23 70% evidence
Exact sum: 18.3 + 15 + 12.6 + 3.2 = 49.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

04 · what price has already done

Market action

Hindustan Composites Ltd has the strongest one-year price move in Auto Ancillaries - Axle & Brakes at -13.2%. It also leads on Mansfield relative strength against NIFTY at -7.4%. 0 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

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.

05 · the story behind the numbers

Auto Ancillaries - Axle & Brakes — the story behind the numbers

This is the written read behind the Auto Ancillaries - Axle & Brakes 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. 3 themes are live here, 1 of them rated high severity.

The outlook for the sub-sector is BULLISH on a long-term basis due to aggressive TAM expansion targets, but NEUTRAL in the near term as the company works through litigation settlements and labor-related cost pressures. The success of the 22% EBITDA margin guidance will be the critical factor to watch.

The Auto Ancillaries - Axle & Brakes sub-sector, represented here by Hindustan Composites (HINDCOMPOS), is navigating a period of top-line expansion coupled with bottom-line volatility. HINDCOMPOS reported a revenue of ₹94.51 crore for Q3 FY26, a 15.5% YoY increase, primarily driven by its core Composite Products segment which contributed ₹81.38 crore.

How old this read is: STALE — this read comes from our Auto Ancillaries - Axle & Brakes 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
Settlement with Krantikari Kamgar Union involving a ₹12 crore payment.Named for HINDCOMPOS	high	“Reached an out-of-court settlement for full and final settlement of all disputes.” Reached an out-of-court settlement for full and final settlement of all disputes.
Implementation of new labour codes resulted in exceptional items impacting PAT.Named for HINDCOMPOS	medium	“PAT was impacted by exceptional items of ₹2.91 lakhs related to new labour code implementation and higher operating costs.”
Penalty of ₹1.8 lakh for non-compliance with SEBI Regulation 17(1A) and delayed results.Named for HINDCOMPOS	low	“Company faces a total penalty of ₹1.8 lakh for non-compliance with SEBI Regulation 17(1A) and delayed results submission.” Company is exploring options while committing to pay within timelines.

Sources: our Auto Ancillaries - Axle & Brakes sector brief, 19 Apr 2026 · company earnings-call transcripts.

06 · compare level, then change

Revenue Scale & Growth Durability

Rane Brake Lining Ltd has the highest Revenue among the 2 Auto Ancillaries - Axle & Brakes companies compared here, at ₹705 crore. Hindustan Composites Ltd is next at ₹221 crore. The same company also holds the highest Revenue growth, at 10.3%. 2 of 2 companies report a comparable reading, the latest through Dec 2024.

What the numbers say: Rane Brake Lining Ltd is the scale leader at ₹705 crore, 218.8% ahead of Hindustan Composites Ltd. Rane Brake Lining Ltd's growth is 10.3% from a ₹705 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderRane Brake Lining Ltd · ₹705 crore

Gap218.8% versus #2 · Hindustan Composites Ltd

Persistence8/8 recent comparable periods

Coverage2/2 companies · 28 observations

Investor read: Rane Brake Lining Ltd is the scale benchmark; Rane Brake Lining Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Rane Brake Lining Ltd's growth falls below Rane Brake Lining 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

1Rane Brake Lining Ltd RBL · older report₹705 Cr

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified₹221 Cr

Revenue growthfastest growers

1Rane Brake Lining Ltd RBL · older report10%

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified-16%

Revenue · company comparison

2/2 level · 2/2 change

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

All-company data · latest reported quarter

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

Company	Revenue	Revenue growth	Reported
Rane Brake Lining Ltd RBL	₹185 Cr	13%	Dec 2024
Hindustan Composites Ltd HINDCOMPOS⚠ unverified	₹20 Cr	37%	Jun 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹69 Cr

Mar 2023₹78 Cr

Jun 2023₹76 Cr

Sep 2023₹72 Cr

Dec 2023₹72 Cr

Mar 2024₹79 Cr

Jun 2024₹77 Cr

Sep 2024₹77 Cr

Dec 2024₹82 Cr

Mar 2025₹89 Cr

Jun 2025₹15 Cr

Sep 2025₹89 Cr

Dec 2025₹95 Cr

Mar 2026₹18 Cr

Jun 2026₹20 Cr

Rane Brake Lining Ltd · RBL

Sep 2021—

Dec 2021₹134 Cr

Mar 2022₹154 Cr

Jun 2022₹139 Cr

Sep 2022₹141 Cr

Dec 2022₹153 Cr

Mar 2023₹165 Cr

Jun 2023₹152 Cr

Sep 2023₹158 Cr

Dec 2023₹164 Cr

Mar 2024₹186 Cr

Jun 2024₹160 Cr

Sep 2024₹174 Cr

Dec 2024₹185 Cr

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Revenue growth · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20233.3%

Mar 20240.7%

Jun 20241.9%

Sep 20247.3%

Dec 202414%

Mar 202513%

Jun 2025-81%

Sep 202515%

Dec 202516%

Mar 2026-80%

Jun 202637%

Rane Brake Lining Ltd · RBL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202214%

Mar 20236.8%

Jun 20239.3%

Sep 202312%

Dec 20237.1%

Mar 202413%

Jun 20245.0%

Sep 20249.9%

Dec 202413%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

07 · compare level, then change

Operating Economics & Margin Trend

Hindustan Composites Ltd has the highest OPM among the 2 Auto Ancillaries - Axle & Brakes companies compared here, at 12.7%. Rane Brake Lining Ltd is next at 10%. Rane Brake Lining Ltd has the highest Margin change at -1 percentage points, so level and change sit with different companies.

What the numbers say: Hindustan Composites Ltd leads opm at 12.7%; Rane Brake Lining Ltd leads margin change at -1 percentage points.

LeaderHindustan Composites Ltd · 12.7%

Gap27% versus #2 · Rane Brake Lining Ltd

Persistence3/8 recent comparable periods

Coverage2/2 companies · 34 observations

Investor read: Hindustan Composites 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

1Hindustan Composites Ltd HINDCOMPOS⚠ unverified13%

2Rane Brake Lining Ltd RBL · older report10%

Margin changefastest expanders

1Rane Brake Lining Ltd RBL · older report−1.0 pp

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified−8.6 pp

Operating margin · company comparison

2/2 level · 2/2 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Hindustan Composites Ltd HINDCOMPOS⚠ unverified	13%	−8.6 pp	Jun 2026
Rane Brake Lining Ltd RBL	10%	−1.0 pp	Dec 2024

Full 20-quarter history · every available company

OPM · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 202113%

Dec 202120%

Mar 202211%

Jun 202219%

Sep 20228.5%

Dec 202213%

Mar 202316%

Jun 202319%

Sep 202319%

Dec 202315%

Mar 202416%

Jun 202418%

Sep 202417%

Dec 202420%

Mar 202518%

Jun 202521%

Sep 202512%

Dec 202516%

Mar 202614%

Jun 202613%

Rane Brake Lining Ltd · RBL

Sep 20218.5%

Dec 20218.1%

Mar 202212%

Jun 20227.1%

Sep 20227.2%

Dec 202210%

Mar 202312%

Jun 20237.6%

Sep 202311%

Dec 202311%

Mar 202415%

Jun 202411%

Sep 202411%

Dec 202410%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Margin change · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 2021−2.2 pp

Dec 2021+5.4 pp

Mar 2022−2.6 pp

Jun 2022+7.3 pp

Sep 2022−4.6 pp

Dec 2022−7.7 pp

Mar 2023+5.3 pp

Jun 2023+0.2 pp

Sep 2023+10.3 pp

Dec 2023+2.8 pp

Mar 2024−0.4 pp

Jun 2024−1.6 pp

Sep 2024−2.0 pp

Dec 2024+4.4 pp

Mar 2025+2.6 pp

Jun 2025+3.7 pp

Sep 2025−4.9 pp

Dec 2025−4.0 pp

Mar 2026−4.6 pp

Jun 2026−8.6 pp

Rane Brake Lining Ltd · RBL

Sep 2021−11.1 pp

Dec 2021−9.9 pp

Mar 2022−3.7 pp

Jun 2022+3.4 pp

Sep 2022−1.3 pp

Dec 2022+2.4 pp

Mar 2023−0.3 pp

Jun 2023+0.5 pp

Sep 2023+3.9 pp

Dec 2023+0.5 pp

Mar 2024+2.9 pp

Jun 2024+3.3 pp

Sep 2024−0.1 pp

Dec 2024−1.0 pp

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

08 · compare level, then change

Profit Scale & Acceleration

Rane Brake Lining Ltd has the highest Net profit among the 2 Auto Ancillaries - Axle & Brakes companies compared here, at ₹45 crore. Hindustan Composites Ltd is next at ₹32 crore. The same company also holds the highest Profit growth, at 21.2%. 2 of 2 companies report a comparable reading, the latest through Dec 2024.

What the numbers say: Rane Brake Lining Ltd leads with ₹45 crore of TTM profit, 38.7% above Hindustan Composites Ltd. Rane Brake Lining Ltd shows 21.2% growth from a ₹45 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderRane Brake Lining Ltd · ₹45 crore

Gap38.7% versus #2 · Hindustan Composites Ltd

Persistence5/8 recent comparable periods

Coverage2/2 companies · 28 observations

Investor read: Rane Brake Lining 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

1Rane Brake Lining Ltd RBL · older report₹45 Cr

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified₹32 Cr

Profit growthfastest growers

1Rane Brake Lining Ltd RBL · older report21%

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified-4.3%

Net profit · company comparison

2/2 level · 2/2 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Rane Brake Lining Ltd RBL	₹9 Cr	-6.4%	Dec 2024
Hindustan Composites Ltd HINDCOMPOS⚠ unverified	₹9 Cr	16%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹5 Cr

Mar 2023₹10 Cr

Jun 2023₹10 Cr

Sep 2023₹10 Cr

Dec 2023₹6 Cr

Mar 2024₹8 Cr

Jun 2024₹9 Cr

Sep 2024₹9 Cr

Dec 2024₹11 Cr

Mar 2025₹6 Cr

Jun 2025₹7 Cr

Sep 2025₹5 Cr

Dec 2025₹7 Cr

Mar 2026₹12 Cr

Jun 2026₹9 Cr

Rane Brake Lining Ltd · RBL

Sep 2021—

Dec 2021₹7 Cr

Mar 2022₹13 Cr

Jun 2022₹6 Cr

Sep 2022₹6 Cr

Dec 2022₹9 Cr

Mar 2023₹12 Cr

Jun 2023₹5 Cr

Sep 2023₹10 Cr

Dec 2023₹10 Cr

Mar 2024₹15 Cr

Jun 2024₹9 Cr

Sep 2024₹11 Cr

Dec 2024₹9 Cr

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Profit growth · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202319%

Mar 2024-20%

Jun 2024-14%

Sep 2024-6.5%

Dec 202470%

Mar 2025-24%

Jun 2025-14%

Sep 2025-43%

Dec 2025-39%

Mar 202693%

Jun 202616%

Rane Brake Lining Ltd · RBL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202233%

Mar 2023-8.0%

Jun 2023-11%

Sep 202348%

Dec 202310%

Mar 202428%

Jun 202470%

Sep 202415%

Dec 2024-6.4%

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

09 · compare level, then change

Return On Capital Employed

Rane Brake Lining Ltd has the highest ROCE among the 2 Auto Ancillaries - Axle & Brakes companies compared here, at 20.5%. Hindustan Composites Ltd is next at 0.5%. The same company also holds the highest ROCE change, at +3 percentage points. 2 of 2 companies report a comparable reading, the latest through Dec 2024.

What the numbers say: Rane Brake Lining Ltd leads ROCE at 20.5%, 20 percentage points above Hindustan Composites Ltd. Rane Brake Lining Ltd has the strongest latest improvement at +3 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.

LeaderRane Brake Lining Ltd · 20.5%

Gap42.7× versus #2 · Hindustan Composites Ltd

PersistenceNot enough history

Coverage2/2 companies · 16 observations

Investor read: Rane Brake Lining 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

1Rane Brake Lining Ltd RBL · older report21%

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified0.5%

ROCE changefastest improvers

1Rane Brake Lining Ltd RBL · older report+3.0 pp

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified−0.8 pp

Return on capital · company comparison

2/2 level · 2/2 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Hindustan Composites Ltd HINDCOMPOS⚠ unverified	3.1%	−0.8 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 20212.1%

Dec 2021—

Mar 20222.6%

Jun 2022—

Sep 20223.3%

Dec 2022—

Mar 20233.4%

Jun 2023—

Sep 20234.2%

Dec 20234.5%

Mar 20244.2%

Jun 20244.2%

Sep 20243.6%

Dec 20244.3%

Mar 20254.3%

Jun 20253.9%

Sep 20253.8%

Dec 20252.9%

Mar 20263.6%

Jun 20263.1%

ROCE change · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.2 pp

Dec 2022—

Mar 2023+0.8 pp

Jun 2023—

Sep 2023+0.9 pp

Dec 2023—

Mar 2024+0.8 pp

Jun 2024—

Sep 2024−0.6 pp

Dec 2024−0.2 pp

Mar 2025+0.1 pp

Jun 2025−0.3 pp

Sep 2025+0.2 pp

Dec 2025−1.4 pp

Mar 2026−0.7 pp

Jun 2026−0.8 pp

10 · compare level, then change

Valuation Against Growth & Quality

No company in this Auto Ancillaries - Axle & Brakes comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Rane Brake Lining Ltd is lowest at 12.6×, across 2 of 2 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader

GapNot enough peers

PersistenceNot enough history

Coverage0/2 companies · 0 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

—Not enough comparable data—

P/Elowest P/E

1Rane Brake Lining Ltd RBL · older report12.6

2Hindustan Composites Ltd HINDCOMPOS⚠ unverified34.7

Valuation · company comparison

0/2 level · 2/2 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Hindustan Composites Ltd HINDCOMPOS⚠ unverified	—	18.8	Jun 2026
Rane Brake Lining Ltd RBL	—	15.8	Dec 2024

Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

Hindustan Composites Ltd · HINDCOMPOS⚠ unverified

Sep 202122.6

Dec 202127.3

Mar 202218.3

Jun 202218.3

Sep 202217.7

Dec 202216.6

Mar 202316.4

Jun 202319.1

Sep 202322.5

Dec 202319.1

Mar 202416.0

Jun 202422.2

Sep 202425.2

Dec 202425.2

Mar 202517.2

Jun 202516.4

Sep 202518.1

Dec 202519.9

Mar 202617.6

Jun 202618.8

Rane Brake Lining Ltd · RBL

Sep 202117.1

Dec 202118.8

Mar 202217.4

Jun 202218.8

Sep 202217.4

Dec 202217.2

Mar 202313.9

Jun 202320.1

Sep 202319.5

Dec 202318.3

Mar 202414.9

Jun 202418.3

Sep 202420.5

Dec 202415.8

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Auto Ancillaries - Axle & Brakes comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 2 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 draws at least one figure from a second feed with too little overlap to cross-check.

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 has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
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.
Thin comparisons: Valuation have fewer than three usable current readings.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 2 Auto Ancillaries - Axle & Brakes 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.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-14 · 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 standing0 cross-checked · 2 unverified · 0 withheld, of 2 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 - Axle & Brakes company comparison FAQs

These 21 answers restate the Auto Ancillaries - Axle & Brakes 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 - Axle & Brakes sector outperforming NIFTY 500?

Which Auto Ancillaries - Axle & Brakes company is largest by revenue?

Rane Brake Lining Ltd leads with revenue of ₹705 crore, based on 2 of 2 comparable companies through Dec 2024.

Which Auto Ancillaries - Axle & Brakes company is growing fastest?

Rane Brake Lining Ltd has the fastest current revenue growth at 10.3%, across 2 of 2 comparable companies.

Which Auto Ancillaries - Axle & Brakes company has the strongest 4-Factor Sector Score?

Hindustan Composites Ltd ranks first at 28.8/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Auto Ancillaries - Axle & Brakes 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 - Axle & Brakes 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 - Axle & Brakes, this page builds its own equal-weight basket of 2 listed Auto Ancillaries - Axle & Brakes 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 - Axle & Brakes stocks in India?

Ranked by this page's four-factor score, Hindustan Composites Ltd places first among 2 listed Auto Ancillaries - Axle & Brakes companies, followed by Rane Brake Lining 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 - Axle & Brakes stocks are listed in India?

This comparison covers 2 listed Auto Ancillaries - Axle & Brakes 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 - Axle & Brakes company is the biggest?

Rane Brake Lining Ltd is the largest, with trailing-twelve-month revenue of ₹705 crore, ahead of Hindustan Composites Ltd at ₹221 crore. That covers 2 of 2 companies with comparable reporting through Dec 2024.

Which Auto Ancillaries - Axle & Brakes company has the best profit margins?

Hindustan Composites Ltd has the highest operating margin at 12.7%, from 2 of 2 comparable companies. Rane Brake Lining Ltd shows the biggest recent improvement, at -1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Auto Ancillaries - Axle & Brakes company makes the most profit?

Rane Brake Lining Ltd earns the most, at ₹45 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Rane Brake Lining Ltd has the fastest profit growth at 21.2%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Auto Ancillaries - Axle & Brakes company earns the highest return on capital?

Rane Brake Lining Ltd leads on return on capital employed at 20.5%, 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 - Axle & Brakes sector beating the market?

Auto Ancillaries - Axle & Brakes has underperformed NIFTY 500 by 13.1% over the last 52 weeks and 6.3% 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 - Axle & Brakes stock has the strongest price momentum?

Hindustan Composites 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 - Axle & Brakes company scores highest for research priority?

Hindustan Composites Ltd scores 28.8 out of 100 with 84% evidence confidence, from 6.4 points on growth and earnings, 7.3 on capital efficiency, 7.6 on valuation and 7.5 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 - Axle & Brakes 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 - Axle & Brakes sector?

The 2 Auto Ancillaries - Axle & Brakes companies on this page carry ₹1,182 crore of combined market value. Hindustan Composites Ltd is the largest at ₹606 crore, about 51% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16.

How is the Auto Ancillaries - Axle & Brakes sector performing?

0 of the 2 covered Auto Ancillaries - Axle & Brakes companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 13.1% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16.

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.