# Auto Ancillaries - Bearings — company-by-company sector analysis > Auto Ancillaries - Bearings: Menon Bearings Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice. ## Bottom line Auto Ancillaries - Bearings has outperformed NIFTY 500 by 76.5% over 52 weeks and 50.9% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Menon Bearings Ltd leads with revenue of ₹319 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Auto Ancillaries - Bearings has outperformed NIFTY 500 by 76.5% over the last 52 weeks. Over 13 weeks the gap is a lead of 50.9%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Menon Bearings Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: 51% 52-week sector return versus NIFTY 500: 77% Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹1.3K Cr ## 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. 1. Menon Bearings Ltd (MENONBE): 79/100 — Favorable setup; evidence 84% - Growth & earnings 34.1/35 | Capital efficiency 23.4/25 | Valuation 9.0/20 | Relative strength 12.5/20 - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks - Exact sum: 34.1 + 23.4 + 9 + 12.5 = 79 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. ## Market action Menon Bearings Ltd has the strongest one-year price move in Auto Ancillaries - Bearings at +78.4%. It also leads on Mansfield relative strength against NIFTY at +66.3%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. Menon Bearings Ltd (MENONBE): 78% ### Strongest relative strength versus NIFTY 500 1. Menon Bearings Ltd (MENONBE): 66% ## Auto Ancillaries - Bearings — the story behind the numbers This is the written read behind the Auto Ancillaries - Bearings figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 4 themes are live here, 1 of them rated high severity. The Auto Ancillaries - Bearings sector, as seen through MENONBE, is characterized by order execution and margin expansion. The playout of operating leverage and geographical expansion catalysts outweighs the headwinds from commodity inflation and geopolitical tariffs. The Auto Ancillaries - Bearings sector, represented in this analysis by Menon Bearings Ltd (MENONBE), is demonstrating an IMPROVING demand environment. MENONBE reported a 32% year-on-year revenue growth to ₹76.9 crore for Q3 FY26, alongside a 69% surge in PAT to ₹9.3 crore. How old this read is: STALE — this read comes from our Auto Ancillaries - Bearings sector brief dated 17 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. ### Live themes, worst first - HIGH | Copper prices increased from ₹900 to ₹1,200 a kilo, creating margin pressure. | Passing on costs via 3-6 month contracts and process improvements to save ₹55-60 lakhs. | quoted: "Before it used to be like from ₹900 to ₹950, but now it's from ₹900 to ₹1,200 a kilo." | named for MENONBE - MEDIUM | US tariffs on certain products reduced from 50% to 25%, but still pose a risk. | Transitioning to ex-works terms to shift tariff and freight burden to customers. | quoted: "Earlier the tariff was 50%, now it has reduced to 25%." | named for MENONBE - LOW | External factors like war or shipping issues could affect DDP deliveries. | Moving to ex-works India to ensure external factors do not affect the supplier. | quoted: "We are trying to get everything ex-works India because tomorrow, some other war happens or any other external factor should not affect our business." | named for MENONBE - LOW | Manpower is expected to become scarce with increasing salary costs. | Investing in technical innovation and automation to reduce manpower dependency. | quoted: "As going forward, manpower is going to get scarce, like also the PF like the salaries are getting increased" | named for MENONBE Sources: our Auto Ancillaries - Bearings sector brief, 17 Apr 2026 · company earnings-call transcripts. ## Revenue Scale & Growth Durability What the numbers say: Menon Bearings Ltd is the scale leader at ₹319 crore, Menon Bearings Ltd's growth is 28.6% from a ₹319 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Menon Bearings Ltd is the scale benchmark; Menon Bearings Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Menon Bearings Ltd's growth falls below Menon Bearings Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Menon Bearings Ltd · ₹319 crore | Not enough peers | 8/8 recent comparable periods | 1/1 companies · 15 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Menon Bearings Ltd (MENONBE): ₹319 Cr ### Revenue growth — fastest growers 1. Menon Bearings Ltd (MENONBE): 29% ### 20-quarter Revenue history - MENONBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹50 Cr | Mar 2023 ₹54 Cr | Jun 2023 ₹56 Cr | Sep 2023 ₹51 Cr | Dec 2023 ₹51 Cr | Mar 2024 ₹54 Cr | Jun 2024 ₹58 Cr | Sep 2024 ₹59 Cr | Dec 2024 ₹58 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹67 Cr | Sep 2025 ₹63 Cr | Dec 2025 ₹77 Cr | Mar 2026 ₹87 Cr | Jun 2026 ₹92 Cr ### 20-quarter Revenue growth history - MENONBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2.7% | Mar 2024 0.0% | Jun 2024 3.6% | Sep 2024 16% | Dec 2024 14% | Mar 2025 19% | Jun 2025 16% | Sep 2025 6.8% | Dec 2025 33% | Mar 2026 36% | Jun 2026 37% ## Operating Economics & Margin Trend What the numbers say: Menon Bearings Ltd leads both opm at 22% and margin change at +3 percentage points. Investor read: Menon Bearings 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. Evidence: Menon Bearings Ltd · 22% | Not enough peers | 4/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Menon Bearings Ltd (MENONBE): 22% ### Margin change — fastest expanders 1. Menon Bearings Ltd (MENONBE): +3.0 pp ### 20-quarter OPM history - MENONBE: Sep 2021 20% | Dec 2021 18% | Mar 2022 21% | Jun 2022 21% | Sep 2022 21% | Dec 2022 25% | Mar 2023 25% | Jun 2023 22% | Sep 2023 20% | Dec 2023 18% | Mar 2024 19% | Jun 2024 18% | Sep 2024 19% | Dec 2024 17% | Mar 2025 16% | Jun 2025 19% | Sep 2025 16% | Dec 2025 19% | Mar 2026 25% | Jun 2026 22% ### 20-quarter Margin change history - MENONBE: Sep 2021 −2.3 pp | Dec 2021 −3.8 pp | Mar 2022 −0.4 pp | Jun 2022 −0.8 pp | Sep 2022 +0.8 pp | Dec 2022 +6.9 pp | Mar 2023 +3.7 pp | Jun 2023 +0.6 pp | Sep 2023 −1.2 pp | Dec 2023 −7.2 pp | Mar 2024 −6.0 pp | Jun 2024 −4.0 pp | Sep 2024 −1.0 pp | Dec 2024 −1.0 pp | Mar 2025 −3.0 pp | Jun 2025 +1.0 pp | Sep 2025 −3.0 pp | Dec 2025 +2.0 pp | Mar 2026 +9.0 pp | Jun 2026 +3.0 pp ## Profit Scale & Acceleration What the numbers say: Menon Bearings Ltd leads with ₹44 crore of TTM profit, Menon Bearings Ltd shows 63% growth from a ₹44 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Menon Bearings 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. Evidence: Menon Bearings Ltd · ₹44 crore | Not enough peers | 6/8 recent comparable periods | 1/1 companies · 15 observations Definition: 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 — largest 1. Menon Bearings Ltd (MENONBE): ₹44 Cr ### Profit growth — fastest growers 1. Menon Bearings Ltd (MENONBE): 63% ### 20-quarter Net profit history - MENONBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹8 Cr | Mar 2023 ₹9 Cr | Jun 2023 ₹7 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹5 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹6 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹5 Cr | Mar 2025 ₹7 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹7 Cr | Dec 2025 ₹9 Cr | Mar 2026 ₹14 Cr | Jun 2026 ₹14 Cr ### 20-quarter Profit growth history - MENONBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -35% | Mar 2024 -33% | Jun 2024 -14% | Sep 2024 17% | Dec 2024 0.0% | Mar 2025 17% | Jun 2025 33% | Sep 2025 0.0% | Dec 2025 80% | Mar 2026 100% | Jun 2026 75% ## Return On Capital Employed What the numbers say: Menon Bearings Ltd leads ROCE at 25.5%. Menon Bearings Ltd has the strongest latest improvement at +8.6 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: Menon Bearings 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. Evidence: Menon Bearings Ltd · 25.5% | Not enough peers | 6/8 recent comparable periods | 1/1 companies · 16 observations Definition: 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. ### ROCE — highest 1. Menon Bearings Ltd (MENONBE): 26% ### ROCE change — fastest improvers 1. Menon Bearings Ltd (MENONBE): +8.6 pp ### 20-quarter ROCE history - MENONBE: Sep 2021 27% | Dec 2021 — | Mar 2022 28% | Jun 2022 — | Sep 2022 29% | Dec 2022 — | Mar 2023 31% | Jun 2023 — | Sep 2023 27% | Dec 2023 28% | Mar 2024 20% | Jun 2024 23% | Sep 2024 20% | Dec 2024 22% | Mar 2025 21% | Jun 2025 23% | Sep 2025 20% | Dec 2025 25% | Mar 2026 25% | Jun 2026 31% ### 20-quarter ROCE change history - MENONBE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.4 pp | Dec 2022 — | Mar 2023 +3.2 pp | Jun 2023 — | Sep 2023 −2.8 pp | Dec 2023 — | Mar 2024 −10.3 pp | Jun 2024 — | Sep 2024 −6.6 pp | Dec 2024 −6.2 pp | Mar 2025 +0.5 pp | Jun 2025 +0.1 pp | Sep 2025 +0.2 pp | Dec 2025 +2.5 pp | Mar 2026 +3.9 pp | Jun 2026 +8.6 pp ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: 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. ### PEG — lowest PEG ### P/E — lowest P/E 1. Menon Bearings Ltd (MENONBE): 29.3 ### 20-quarter PEG history ### 20-quarter P/E history - MENONBE: Sep 2021 16.1 | Dec 2021 18.7 | Mar 2022 20.3 | Jun 2022 15.7 | Sep 2022 20.2 | Dec 2022 18.2 | Mar 2023 16.6 | Jun 2023 23.4 | Sep 2023 24.5 | Dec 2023 25.6 | Mar 2024 22.7 | Jun 2024 32.3 | Sep 2024 31.8 | Dec 2024 28.3 | Mar 2025 21.1 | Jun 2025 27.8 | Sep 2025 26.3 | Dec 2025 21.8 | Mar 2026 19.7 | Jun 2026 23.7 ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Menon Bearings Ltd (MENONBE) — market value ₹1.3K Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. 1 of 1 company draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. - UNVERIFIED | MENONBE | Menon Bearings Ltd | too little overlapping reported history to cross-check the second feed ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Auto Ancillaries - Bearings sector outperforming NIFTY 500? Auto Ancillaries - Bearings has outperformed NIFTY 500 by 76.5% over 52 weeks and 50.9% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Auto Ancillaries - Bearings company is largest by revenue? Menon Bearings Ltd leads with revenue of ₹319 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Auto Ancillaries - Bearings company is growing fastest? Menon Bearings Ltd has the fastest current revenue growth at 28.6%, across 1 of 1 comparable companies. ### Which Auto Ancillaries - Bearings company has the strongest 4-Factor Sector Score? Menon Bearings Ltd ranks first at 79/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Auto Ancillaries - Bearings 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 - Bearings 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 - Bearings, this page builds its own equal-weight basket of 1 listed Auto Ancillaries - Bearings 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 - Bearings stocks in India? Ranked by this page's four-factor score, Menon Bearings Ltd places first among 1 listed Auto Ancillaries - Bearings companies. 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 - Bearings stocks are listed in India? This comparison covers 1 listed Auto Ancillaries - Bearings 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 - Bearings company is the biggest? Menon Bearings Ltd is the largest, with trailing-twelve-month revenue of ₹319 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Auto Ancillaries - Bearings company has the best profit margins? Menon Bearings Ltd has the highest operating margin at 22%, from 1 of 1 comparable companies. Menon Bearings Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Auto Ancillaries - Bearings company makes the most profit? Menon Bearings Ltd earns the most, at ₹44 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. Menon Bearings Ltd has the fastest profit growth at 63%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Auto Ancillaries - Bearings company earns the highest return on capital? Menon Bearings Ltd leads on return on capital employed at 25.5%, across 1 of 1 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 - Bearings sector beating the market? Auto Ancillaries - Bearings has outperformed NIFTY 500 by 76.5% over the last 52 weeks and 50.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Auto Ancillaries - Bearings stock has the strongest price momentum? Menon Bearings 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 - Bearings company scores highest for research priority? Menon Bearings Ltd scores 79 out of 100 with 84% evidence confidence, from 34.1 points on growth and earnings, 23.4 on capital efficiency, 9 on valuation and 12.5 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 - Bearings companies does this comparison cover, and over what period? It compares 1 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 - Bearings sector? The 1 Auto Ancillaries - Bearings companies on this page carry ₹1,287 crore of combined market value. Menon Bearings Ltd is the largest at ₹1,287 crore, about 100% 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 - Bearings sector performing? 1 of the 1 covered Auto Ancillaries - Bearings companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 76.5% ahead of 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.