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

Auto Ancillaries - Gears Stocks in India

Auto Ancillaries - Gears: Rane (Madras) Ltd owns the largest revenue base; RACL Geartech Ltd has the fastest current growth.

01 · the index people search for

Nifty Auto Ancillaries - Gears Index — Constituents & Performance

The Auto Ancillaries - Gears companies below are the listed Indian Auto Ancillaries - Gears universe this page tracks — the same constituent set people search for as the Nifty Auto Ancillaries - Gears 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 - Gears 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 2% behind NIFTY 500. Earnings across its companies fell 19% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 7 weeks running.

FADING · −2 in 4w✓Moving with the index2 of 7 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑7w · 4/7 >200d (−1) · 2/7 lead (−2) · EPS 5/7↑

20050020262025202420232022 713333 TRAILING 12-MONTH EPS · 100 AT THE START0100131Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 27.4% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 115, against 100 at the start · up 27.2% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 113, against 100 at the start · up 22.7% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 131, against 100 at the start · up 19.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 0.1% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · down 29.2% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 62, against 100 at the start · down 51.8% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 52, against 100 at the start · down 52.5% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 53, against 100 at the start · down 44.6% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 74, against 100 at the start · down 8.3% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 107, against 100 at the start · up 31.1% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two107 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 713333 TRAILING 12-MONTH EPS · 100 AT THE START0100131Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 27.4% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 115, against 100 at the start · up 27.2% on a year ago · 6 reportingMar 2024 · trailing 12-month earnings per share at 113, against 100 at the start · up 22.7% on a year ago · 6 reportingJun 2024 · trailing 12-month earnings per share at 131, against 100 at the start · up 19.6% on a year ago · 6 reportingSep 2024 · trailing 12-month earnings per share at 110, against 100 at the start · up 0.1% on a year ago · 6 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · down 29.2% on a year ago · 6 reportingMar 2025 · trailing 12-month earnings per share at 62, against 100 at the start · down 51.8% on a year ago · 6 reportingJun 2025 · trailing 12-month earnings per share at 52, against 100 at the start · down 52.5% on a year ago · 6 reportingSep 2025 · trailing 12-month earnings per share at 53, against 100 at the start · down 44.6% on a year ago · 6 reportingDec 2025 · trailing 12-month earnings per share at 74, against 100 at the start · down 8.3% on a year ago · 6 reportingMar 2026 · trailing 12-month earnings per share at 107, against 100 at the start · up 31.1% on a year ago · 6 reportingNot reported yet — earnings trail price by a quarter or two107No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Auto Ancillaries - Gears, 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 7 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 - Gears outperforming NIFTY 500?

Auto Ancillaries - Gears has outperformed NIFTY 500 by 10.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 8.2%. 3 of 7 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Rane (Madras) Ltd is the strongest against the sector itself at +22.3%.

+8.2%Sector vs NIFTY 500 · 13 weeks
+10.9%Sector vs NIFTY 500 · 52 weeks
3/7Stocks leading NIFTY 500
1/6Stocks leading sector

Sector metric: 46.2 as of 2026-07-19 · CONSOLIDATION · falling.

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 - Gears has outperformed NIFTY 500 by 10.9% over 52 weeks and 8.2% over 13 weeks. 3 of 7 covered companies beat NIFTY on Mansfield relative strength, while 1 of 6 beat the sector itself. Rane (Madras) Ltd leads with revenue of ₹3,863 crore, based on 7 of 7 comparable companies through Mar 2026.

Companies
7
complete canonical membership
Combined market value
₹15.3K Cr
JTEKT India Ltd
Revenue growing
5/7
positive TTM year-on-year growth
Beating NIFTY 500
3/7
positive Mansfield relative strength
Comparing 5 of 7
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%
RACL Geartech Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82.8% 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
1RACL Geartech LtdRACLGEAR 67.4/100Favorable setup83% evidence ASLEEP 26.2/35 Revenue 18.1% · PAT 100% · OPM change 0 pp 83% evidence 21.1/25 ROCE 17% · OPM 22% 95% evidence 10.6/20 P/E 30.3× · PEG — 50% evidence 9.5/20 RS sector -2.2% · RS bench 6.1% · 1Y 26.9%1 of 12 weeks ahead 100% evidence
Exact sum: 26.2 + 21.1 + 10.6 + 9.5 = 67.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Rane (Madras) LtdRML 67.1/100Favorable setup71% evidence LEADER 25.3/35 Revenue 13.4% · PAT 100% · OPM change 0 pp 83% evidence 10.8/25 ROCE 14% · OPM 9% 76% evidence 11.5/20 P/E 29.2× · PEG — 15% evidence 19.5/20 RS sector 22.3% · RS bench 32.5% · 1Y 35.4%11 of 12 weeks ahead 100% evidence
Exact sum: 25.3 + 10.8 + 11.5 + 19.5 = 67.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3JTEKT India LtdJTEKTINDIA 50.9/100Thin evidence · provisional51% evidence TURNING 19.7/35 Revenue 7.1% · PAT 16.9% · OPM change 0 pp 36% evidence 14.1/25 ROCE 15.9% · OPM 10% 57% evidence 9.6/20 P/E 49.7× · PEG — 50% evidence 7.5/20 RS sector -7.8% · RS bench -2.1% · 1Y 5.6%0 of 10 weeks ahead 70% evidence
Exact sum: 19.7 + 14.1 + 9.6 + 7.5 = 50.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Z F Steering Gear (India) LtdZFSTEERING 38.1/100Mixed-negative evidence81% evidence ASLEEP 18.4/35 Revenue 16.4% · PAT 66.7% · OPM change -5 pp 95% evidence 7.5/25 ROCE 6.5% · OPM 9% 95% evidence 9.2/20 P/E 29.9× · PEG — 50% evidence 3.0/20 RS sector -29.6% · RS bench -20.1% · 1Y -43.1%0 of 10 weeks ahead 70% evidence
Exact sum: 18.4 + 7.5 + 9.2 + 3 = 38.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Shanthi Gears LtdSHANTIGEAR 37.1/100Mixed-negative evidence94% evidence ASLEEP 3.7/35 Revenue -16.9% · PAT -34.3% · OPM change -9.5 pp 100% evidence 18.3/25 ROCE 25.6% · OPM 13.1% 100% evidence 7.5/20 P/E 47× · PEG 3.18 100% evidence 7.6/20 RS sector -5.4% · RS bench -14.3% · 1Y -28.8%0 of 10 weeks ahead 70% evidence
Exact sum: 3.7 + 18.3 + 7.5 + 7.6 = 37.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6The Hi-Tech Gears LtdHITECHGEAR 30.9/100Adverse evidence77% evidence ASLEEP 7.8/35 Revenue -2% · PAT -48% · OPM change -4.4 pp 83% evidence 12.8/25 ROCE 6.9% · OPM 11% 95% evidence 5.6/20 P/E 51.3× · PEG — 50% evidence 4.7/20 RS sector -9.8% · RS bench -15.3% · 1Y -17.3%0 of 10 weeks ahead 70% evidence
Exact sum: 7.8 + 12.8 + 5.6 + 4.7 = 30.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Sar Auto Products Ltd538992 40.9/100Thin evidence · provisional49% evidence LEADER 13.9/35 Revenue 2.6% · PAT 59.5% · OPM change -0.2 pp 62% evidence 6.0/25 ROCE 2.1% · OPM 11.5% 76% evidence 8.5/20 P/E 2852× · PEG — 15% evidence 12.5/20 RS sector — · RS bench 77.5% · 1Y 135.9%12 of 12 weeks ahead 25% evidence
Exact sum: 13.9 + 6 + 8.5 + 12.5 = 40.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
05 · what price has already done

Market action

Sar Auto Products Ltd has the strongest one-year price move in Auto Ancillaries - Gears at +135.9%. It also leads on Mansfield relative strength against NIFTY at +77.5%. 3 of 7 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

Rane (Madras) Ltd has the highest Revenue among the 7 Auto Ancillaries - Gears companies compared here, at ₹3,863 crore. JTEKT India Ltd is next at ₹2,063 crore. RACL Geartech Ltd has the highest Revenue growth at 18.1%, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Rane (Madras) Ltd is the scale leader at ₹3,863 crore, 87.3% ahead of JTEKT India Ltd. RACL Geartech Ltd's growth is 18.1% from a ₹490 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderRane (Madras) Ltd · ₹3,863 crore
Gap87.3% versus #2 · JTEKT India Ltd
Persistence8/8 recent comparable periods
Coverage7/7 companies · 100 observations

Investor read: Rane (Madras) Ltd is the scale benchmark; RACL Geartech Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Rane (Madras) Ltd's growth falls below RACL Geartech 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 (Madras) Ltd RML₹3.9K Cr
2JTEKT India Ltd JTEKTINDIA · older report₹2.1K Cr
3The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified₹908 Cr
4Z F Steering Gear (India) Ltd ZFSTEERING₹581 Cr
5Shanthi Gears Ltd SHANTIGEAR₹499 Cr
Revenue growthfastest growers
1RACL Geartech Ltd RACLGEAR⚠ unverified18%
2Z F Steering Gear (India) Ltd ZFSTEERING16%
3Rane (Madras) Ltd RML13%
4JTEKT India Ltd JTEKTINDIA · older report7.1%
5Sar Auto Products Ltd 5389922.7%
Revenue · company comparison
7/7 level · 7/7 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
Rane (Madras) Ltd RML₹1.0K Cr16%Mar 2026
JTEKT India Ltd JTEKTINDIA₹584 Cr2.3%Sep 2023
The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified₹229 Cr6.4%Mar 2026
Z F Steering Gear (India) Ltd ZFSTEERING₹143 Cr7.5%Jun 2026
RACL Geartech Ltd RACLGEAR⚠ unverified₹132 Cr52%Mar 2026
Shanthi Gears Ltd SHANTIGEAR₹115 Cr-14%Jun 2026
Sar Auto Products Ltd 538992₹6 Cr164%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

JTEKT India Ltd · JTEKTINDIA

₹385 Cr
₹413 Cr
₹470 Cr
₹472 Cr
₹571 Cr
₹471 Cr
₹530 Cr
₹478 Cr
₹584 Cr
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

—
—
—
—
—
₹97 Cr
₹95 Cr
₹88 Cr
₹102 Cr
₹113 Cr
₹106 Cr
₹109 Cr
₹106 Cr
₹113 Cr
₹87 Cr
₹101 Cr
₹120 Cr
₹137 Cr
₹132 Cr
—

Rane (Madras) Ltd · RML

—
—
—
—
—
₹583 Cr
₹622 Cr
₹588 Cr
₹611 Cr
₹521 Cr
₹853 Cr
₹818 Cr
₹849 Cr
₹837 Cr
₹901 Cr
₹881 Cr
₹919 Cr
₹1.0K Cr
₹1.0K Cr
—

Sar Auto Products Ltd · 538992

—
—
—
—
—
₹3 Cr
₹4 Cr
₹4 Cr
₹5 Cr
₹6 Cr
₹5 Cr
₹4 Cr
₹4 Cr
₹4 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹4 Cr
₹6 Cr
—

Shanthi Gears Ltd · SHANTIGEAR

₹72 Cr
₹95 Cr
₹104 Cr
₹99 Cr
₹109 Cr
₹115 Cr
₹123 Cr
₹121 Cr
₹135 Cr
₹126 Cr
₹154 Cr
₹139 Cr
₹155 Cr
₹158 Cr
₹153 Cr
₹135 Cr
₹132 Cr
₹117 Cr
₹135 Cr
₹115 Cr

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

—
—
—
—
—
₹277 Cr
₹287 Cr
₹264 Cr
₹284 Cr
₹273 Cr
₹287 Cr
₹261 Cr
₹246 Cr
₹205 Cr
₹215 Cr
₹216 Cr
₹241 Cr
₹224 Cr
₹229 Cr
—

Z F Steering Gear (India) Ltd · ZFSTEERING

—
—
—
—
—
₹109 Cr
₹125 Cr
₹121 Cr
₹119 Cr
₹114 Cr
₹124 Cr
₹128 Cr
₹111 Cr
₹118 Cr
₹137 Cr
₹133 Cr
₹121 Cr
₹143 Cr
₹174 Cr
₹143 Cr

Revenue growth · reported quarter history

JTEKT India Ltd · JTEKTINDIA

8.5%
-4.4%
0.0%
47%
48%
14%
13%
1.3%
2.3%
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

—
—
—
—
—
—
—
—
—
16%
12%
24%
3.9%
0.0%
-18%
-7.3%
13%
21%
52%
—

Rane (Madras) Ltd · RML

—
—
—
—
—
—
—
—
—
-11%
37%
39%
39%
61%
5.6%
7.7%
8.2%
21%
16%
—

Sar Auto Products Ltd · 538992

—
—
—
—
—
—
—
—
—
113%
46%
0.5%
-16%
-38%
-57%
-40%
-45%
1.7%
164%
—

Shanthi Gears Ltd · SHANTIGEAR

—
—
—
48%
51%
21%
18%
23%
24%
9.2%
25%
14%
15%
25%
-0.3%
-2.8%
-15%
-26%
-12%
-14%

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

—
—
—
—
—
—
—
—
—
-1.5%
0.1%
-1.1%
-13%
-25%
-25%
-17%
-2.3%
9.0%
6.4%
—

Z F Steering Gear (India) Ltd · ZFSTEERING

—
—
—
—
—
—
—
—
—
4.3%
-0.9%
5.8%
-6.7%
3.5%
10%
3.9%
9.0%
21%
27%
7.5%
07 · compare level, then change

Operating Economics & Margin Trend

RACL Geartech Ltd has the highest OPM among the 7 Auto Ancillaries - Gears companies compared here, at 22%. Shanthi Gears Ltd is next at 13.1%. JTEKT India Ltd has the highest Margin change at 0 percentage points, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: RACL Geartech Ltd leads opm at 22%; JTEKT India Ltd leads margin change at 0 percentage points.

LeaderRACL Geartech Ltd · 22%
Gap67.9% versus #2 · Shanthi Gears Ltd
Persistence3/8 recent comparable periods
Coverage7/7 companies · 125 observations

Investor read: RACL Geartech 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
1RACL Geartech Ltd RACLGEAR⚠ unverified22%
2Shanthi Gears Ltd SHANTIGEAR13%
3Sar Auto Products Ltd 53899212%
4The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified11%
5JTEKT India Ltd JTEKTINDIA · older report10%
Margin changefastest expanders
1JTEKT India Ltd JTEKTINDIA · older report0.0 pp
2RACL Geartech Ltd RACLGEAR⚠ unverified0.0 pp
3Rane (Madras) Ltd RML0.0 pp
4Sar Auto Products Ltd 538992−0.2 pp
5The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified−4.4 pp
Operating margin · company comparison
7/7 level · 7/7 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
RACL Geartech Ltd RACLGEAR⚠ unverified22%0.0 ppMar 2026
Shanthi Gears Ltd SHANTIGEAR13%−9.5 ppJun 2026
Sar Auto Products Ltd 53899212%−0.2 ppMar 2026
The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified11%−4.4 ppMar 2026
JTEKT India Ltd JTEKTINDIA10%0.0 ppSep 2023
Rane (Madras) Ltd RML9.0%0.0 ppMar 2026
Z F Steering Gear (India) Ltd ZFSTEERING9.0%−5.0 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

JTEKT India Ltd · JTEKTINDIA

8.0%
9.0%
9.0%
8.0%
10%
8.0%
10%
7.0%
10%
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

22%
22%
18%
19%
23%
24%
24%
25%
23%
24%
22%
18%
19%
21%
22%
19%
20%
23%
22%
—

Rane (Madras) Ltd · RML

4.5%
2.8%
5.3%
5.3%
5.6%
7.0%
9.0%
7.0%
5.0%
9.0%
8.0%
8.0%
9.0%
8.0%
9.0%
8.0%
9.0%
9.0%
9.0%
—

Sar Auto Products Ltd · 538992

12%
20%
19%
19%
25%
19%
5.4%
12%
10%
10%
6.1%
15%
14%
12%
12%
17%
17%
12%
12%
—

Shanthi Gears Ltd · SHANTIGEAR

16%
18%
18%
18%
20%
20%
22%
19%
21%
19%
17%
21%
22%
22%
20%
23%
20%
20%
18%
13%

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

8.0%
2.7%
12%
11%
12%
14%
12%
13%
12%
15%
14%
16%
14%
13%
15%
12%
12%
9.8%
11%
—

Z F Steering Gear (India) Ltd · ZFSTEERING

10%
13%
16%
16%
10%
10%
13%
15%
11%
9.0%
9.0%
13%
10%
9.0%
11%
14%
10%
16%
12%
9.0%

Margin change · reported quarter history

JTEKT India Ltd · JTEKTINDIA

−1.0 pp
−1.0 pp
−3.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
0.0 pp
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

−2.9 pp
−5.2 pp
−7.5 pp
−3.4 pp
+0.9 pp
+2.5 pp
+5.9 pp
+5.8 pp
−0.2 pp
0.0 pp
−2.0 pp
−7.0 pp
−4.0 pp
−3.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
0.0 pp
—

Rane (Madras) Ltd · RML

+0.5 pp
−4.6 pp
+3.2 pp
+4.0 pp
+1.1 pp
+4.2 pp
+3.7 pp
+1.7 pp
−0.6 pp
+2.0 pp
−1.0 pp
+1.0 pp
+4.0 pp
−1.0 pp
+1.0 pp
0.0 pp
0.0 pp
+1.0 pp
0.0 pp
—

Sar Auto Products Ltd · 538992

−9.3 pp
−1.0 pp
−7.1 pp
−4.0 pp
+13.9 pp
−1.2 pp
−13.1 pp
−6.8 pp
−15.0 pp
−8.9 pp
+0.7 pp
+2.8 pp
+3.4 pp
+1.4 pp
+5.6 pp
+1.5 pp
+3.6 pp
+0.1 pp
−0.2 pp
—

Shanthi Gears Ltd · SHANTIGEAR

+0.5 pp
+2.1 pp
+1.8 pp
+0.4 pp
+3.7 pp
+1.7 pp
+3.8 pp
+0.7 pp
+1.0 pp
−1.4 pp
−4.7 pp
+1.6 pp
+0.8 pp
+3.6 pp
+2.9 pp
+2.0 pp
−1.9 pp
−2.5 pp
−2.5 pp
−9.5 pp

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

−5.6 pp
−8.2 pp
−4.6 pp
+0.6 pp
+4.4 pp
+11.0 pp
−0.4 pp
+1.8 pp
+0.0 pp
+1.3 pp
+2.7 pp
+3.1 pp
+1.9 pp
−2.0 pp
+1.2 pp
−3.6 pp
−2.7 pp
−3.1 pp
−4.4 pp
—

Z F Steering Gear (India) Ltd · ZFSTEERING

+7.9 pp
+1.5 pp
+1.7 pp
+6.3 pp
−0.1 pp
−3.4 pp
−3.1 pp
−1.5 pp
+0.8 pp
−1.1 pp
−3.7 pp
−2.0 pp
−1.0 pp
0.0 pp
+2.0 pp
+1.0 pp
0.0 pp
+7.0 pp
+1.0 pp
−5.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Rane (Madras) Ltd has the highest Net profit among the 7 Auto Ancillaries - Gears companies compared here, at ₹108 crore. JTEKT India Ltd is next at ₹90 crore. RACL Geartech Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Rane (Madras) Ltd leads with ₹108 crore of TTM profit, 20% above JTEKT India Ltd. RACL Geartech Ltd shows ≥100% on the scoring scale growth from a ₹48 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderRane (Madras) Ltd · ₹108 crore
Gap20% versus #2 · JTEKT India Ltd
Persistence4/8 recent comparable periods
Coverage7/7 companies · 100 observations

Investor read: Rane (Madras) 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 (Madras) Ltd RML₹108 Cr
2JTEKT India Ltd JTEKTINDIA · older report₹90 Cr
3Shanthi Gears Ltd SHANTIGEAR₹64 Cr
4RACL Geartech Ltd RACLGEAR⚠ unverified₹48 Cr
5The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified₹21 Cr
Profit growthfastest growers
1RACL Geartech Ltd RACLGEAR⚠ unverified100%
2Rane (Madras) Ltd RML100%
3Z F Steering Gear (India) Ltd ZFSTEERING67%
4JTEKT India Ltd JTEKTINDIA · older report17%
5Shanthi Gears Ltd SHANTIGEAR-34%
Net profit · company comparison
7/7 level · 6/7 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Rane (Madras) Ltd RML₹37 Cr429%Mar 2026
JTEKT India Ltd JTEKTINDIA₹30 Cr0.0%Sep 2023
RACL Geartech Ltd RACLGEAR⚠ unverified₹12 Cr100%Mar 2026
Z F Steering Gear (India) Ltd ZFSTEERING₹11 Cr57%Jun 2026
Shanthi Gears Ltd SHANTIGEAR₹10 Cr-57%Jun 2026
The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified₹8 Cr-17%Mar 2026
Sar Auto Products Ltd 538992₹0 Cr40%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

JTEKT India Ltd · JTEKTINDIA

₹11 Cr
₹16 Cr
₹15 Cr
₹16 Cr
₹30 Cr
₹15 Cr
₹26 Cr
₹19 Cr
₹30 Cr
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

—
—
—
—
—
₹12 Cr
₹10 Cr
₹9 Cr
₹10 Cr
₹12 Cr
₹8 Cr
₹4 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹8 Cr
₹12 Cr
₹16 Cr
₹12 Cr
—

Rane (Madras) Ltd · RML

—
—
—
—
—
₹24 Cr
₹10 Cr
₹-14 Cr
₹18 Cr
₹9 Cr
₹11 Cr
₹15 Cr
₹16 Cr
₹0 Cr
₹7 Cr
₹19 Cr
₹21 Cr
₹31 Cr
₹37 Cr
—

Sar Auto Products Ltd · 538992

—
—
—
—
—
₹0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
—

Shanthi Gears Ltd · SHANTIGEAR

₹8 Cr
₹14 Cr
₹12 Cr
₹13 Cr
₹17 Cr
₹18 Cr
₹19 Cr
₹18 Cr
₹21 Cr
₹17 Cr
₹26 Cr
₹22 Cr
₹26 Cr
₹26 Cr
₹22 Cr
₹23 Cr
₹22 Cr
₹16 Cr
₹16 Cr
₹10 Cr

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

—
—
—
—
—
₹3 Cr
₹17 Cr
₹9 Cr
₹72 Cr
₹15 Cr
₹18 Cr
₹14 Cr
₹10 Cr
₹7 Cr
₹10 Cr
₹6 Cr
₹6 Cr
₹1 Cr
₹8 Cr
—

Z F Steering Gear (India) Ltd · ZFSTEERING

—
—
—
—
—
₹4 Cr
₹10 Cr
₹12 Cr
₹13 Cr
₹11 Cr
₹8 Cr
₹10 Cr
₹2 Cr
₹-2 Cr
₹2 Cr
₹7 Cr
₹-2 Cr
₹7 Cr
₹-1 Cr
₹11 Cr

Profit growth · reported quarter history

JTEKT India Ltd · JTEKTINDIA

22%
-5.9%
-44%
—
173%
-6.3%
73%
19%
0.0%
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

—
—
—
—
—
—
—
—
—
0.0%
-20%
-56%
-30%
-42%
-25%
100%
71%
129%
100%
—

Rane (Madras) Ltd · RML

—
—
—
—
—
—
—
—
—
-63%
10%
—
-11%
-100%
-36%
27%
31%
—
429%
—

Sar Auto Products Ltd · 538992

—
—
—
—
—
—
—
—
—
104%
—
-3.2%
-24%
-69%
—
-60%
-56%
40%
—
—

Shanthi Gears Ltd · SHANTIGEAR

—
—
—
44%
113%
29%
58%
39%
24%
-3.2%
35%
20%
22%
51%
-13%
4.8%
-16%
-38%
-28%
-57%

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

—
—
—
—
—
—
—
—
—
480%
7.2%
53%
-87%
-54%
-45%
-58%
-37%
-87%
-17%
—

Z F Steering Gear (India) Ltd · ZFSTEERING

—
—
—
—
—
—
—
—
—
158%
-20%
-17%
-85%
-118%
-75%
-30%
-200%
—
-150%
57%
09 · compare level, then change

Return On Capital Employed

Shanthi Gears Ltd has the highest ROCE among the 7 Auto Ancillaries - Gears companies compared here, at 25.6%. RACL Geartech Ltd is next at 17%. JTEKT India Ltd has the highest ROCE change at +7 percentage points, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Shanthi Gears Ltd leads ROCE at 25.6%, 8.6 percentage points above RACL Geartech Ltd. JTEKT India Ltd has the strongest latest improvement at +7 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.

LeaderShanthi Gears Ltd · 25.6%
Gap50.6% versus #2 · RACL Geartech Ltd
Persistence2/8 recent comparable periods
Coverage7/7 companies · 45 observations

Investor read: Shanthi Gears 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
1Shanthi Gears Ltd SHANTIGEAR26%
2RACL Geartech Ltd RACLGEAR⚠ unverified17%
3JTEKT India Ltd JTEKTINDIA · older report16%
4Rane (Madras) Ltd RML14%
5The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified6.9%
ROCE changefastest improvers
1JTEKT India Ltd JTEKTINDIA · older report+7.0 pp
2Rane (Madras) Ltd RML+3.0 pp
3RACL Geartech Ltd RACLGEAR⚠ unverified+0.5 pp
4Z F Steering Gear (India) Ltd ZFSTEERING0.0 pp
5Sar Auto Products Ltd 538992−0.4 pp
Return on capital · company comparison
7/7 level · 7/7 change

Withheld from this chart: JTEKT India Ltd (JTEKTINDIA) — its two data sources disagree by up to 17% on reported income across 10 comparable periods, so its derived ratios are withheld; Rane (Madras) Ltd (RML) — its two data sources disagree by up to 395% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Shanthi Gears Ltd SHANTIGEAR20%−9.0 ppJun 2026
RACL Geartech Ltd RACLGEAR⚠ unverified16%+0.5 ppMar 2026
The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified5.2%−6.5 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

RACL Geartech Ltd · RACLGEAR⚠ unverified

21%
—
19%
—
20%
—
24%
—
24%
29%
21%
25%
18%
20%
15%
20%
13%
22%
16%
—

Shanthi Gears Ltd · SHANTIGEAR

15%
—
20%
—
23%
—
26%
—
28%
34%
26%
35%
26%
37%
29%
35%
25%
28%
20%
—

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

9.5%
—
4.6%
—
6.3%
—
9.9%
—
12%
28%
15%
30%
15%
15%
12%
12%
7.8%
8.8%
5.2%
—

ROCE change · reported quarter history

RACL Geartech Ltd · RACLGEAR⚠ unverified

—
—
—
—
−1.9 pp
—
+4.3 pp
—
+4.4 pp
—
−2.5 pp
—
−5.5 pp
−9.0 pp
−6.0 pp
−5.1 pp
−5.2 pp
+1.7 pp
+0.5 pp
—

Shanthi Gears Ltd · SHANTIGEAR

—
—
—
—
+8.7 pp
—
+6.6 pp
—
+4.5 pp
—
−0.6 pp
—
−1.4 pp
+3.1 pp
+2.9 pp
−0.2 pp
−1.3 pp
−9.4 pp
−9.0 pp
—

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

—
—
—
—
−3.2 pp
—
+5.3 pp
—
+5.9 pp
—
+4.9 pp
—
+2.9 pp
−12.7 pp
−3.1 pp
−18.5 pp
−7.3 pp
−6.0 pp
−6.5 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Shanthi Gears Ltd has the lowest PEG among the 7 Auto Ancillaries - Gears companies compared here, at 3.18×. Rane (Madras) Ltd has the lowest P/E at 29.2×, so level and change sit with different companies. 1 of 7 companies report a comparable reading, the latest through Jun 2026. Its PEG series carries 12 reported observations across the 20-quarter window.

What the numbers say: Shanthi Gears Ltd has the lowest comparable PEG at 3.18×. Only 1 of 7 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.

LeaderShanthi Gears Ltd · 3.18×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/7 companies · 12 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
1Shanthi Gears Ltd SHANTIGEAR3.2
P/Elowest P/E
1Rane (Madras) Ltd RML29.2
2Z F Steering Gear (India) Ltd ZFSTEERING29.9
3RACL Geartech Ltd RACLGEAR⚠ unverified30.3
4Shanthi Gears Ltd SHANTIGEAR47.0
5JTEKT India Ltd JTEKTINDIA · older report49.7
Valuation · company comparison
1/7 level · 7/7 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Shanthi Gears Ltd SHANTIGEAR3.242.2Jun 2026
Sar Auto Products Ltd 538992—2,250.0Mar 2026
JTEKT India Ltd JTEKTINDIA—48.5Sep 2023
Rane (Madras) Ltd RML—22.0Mar 2026
RACL Geartech Ltd RACLGEAR⚠ unverified—33.2Mar 2026
The Hi-Tech Gears Ltd HITECHGEAR⚠ unverified—47.3Mar 2026
Z F Steering Gear (India) Ltd ZFSTEERING—38.7Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Shanthi Gears Ltd · SHANTIGEAR

—
—
—
—
1.2
1.7
0.9
0.9
1.0
—
2.1
2.4
3.0
2.3
1.2
2.3
3.2
—
—
—

P/E · reported quarter history

JTEKT India Ltd · JTEKTINDIA

57.9
48.8
39.7
55.7
47.2
52.2
35.9
44.6
48.5
—
—
—
—
—
—
—
—
—
—
—

RACL Geartech Ltd · RACLGEAR⚠ unverified

19.7
25.1
23.6
23.6
21.5
28.4
30.0
34.8
30.3
31.0
31.4
31.5
29.6
29.9
31.5
40.7
43.9
40.4
33.2
—

Rane (Madras) Ltd · RML

—
—
—
—
—
—
34.2
31.6
33.9
9.1
8.5
10.8
13.6
26.0
22.4
39.7
39.2
41.5
22.0
—

Sar Auto Products Ltd · 538992

231.3
187.1
182.7
207.7
356.0
299.2
356.0
738.3
698.2
1,200.0
993.2
905.4
803.7
863.3
1,341.6
1,034.0
2,323.2
2,270.2
2,250.0
—

Shanthi Gears Ltd · SHANTIGEAR

40.9
33.8
36.1
38.2
53.6
47.3
47.1
53.9
48.9
60.5
55.9
55.1
57.9
42.4
36.4
39.3
41.8
38.8
39.3
42.2

The Hi-Tech Gears Ltd · HITECHGEAR⚠ unverified

10.6
13.9
23.6
20.2
182.0
27.3
26.8
30.4
20.8
24.6
30.5
37.6
30.5
26.8
23.5
34.6
44.0
45.6
47.3
—

Z F Steering Gear (India) Ltd · ZFSTEERING

8.8
9.6
8.7
8.9
27.1
24.6
22.1
23.0
22.1
18.9
16.4
23.7
35.2
42.3
46.4
70.5
73.8
64.4
28.8
38.7
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Auto Ancillaries - Gears comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 7 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 2 draw 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.
  • 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • 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 7 Auto Ancillaries - Gears 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. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

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 standing1 cross-checked · 4 unverified · 2 withheld, of 7 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 - Gears company comparison FAQs

These 24 answers restate the Auto Ancillaries - Gears comparison above in question form. Every one is computed from the same 7 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 - Gears sector outperforming NIFTY 500?

Auto Ancillaries - Gears has outperformed NIFTY 500 by 10.9% over 52 weeks and 8.2% over 13 weeks. 3 of 7 covered companies beat NIFTY on Mansfield relative strength, while 1 of 6 beat the sector itself.

Which Auto Ancillaries - Gears company is largest by revenue?

Rane (Madras) Ltd leads with revenue of ₹3,863 crore, based on 7 of 7 comparable companies through Mar 2026.

Which Auto Ancillaries - Gears company is growing fastest?

RACL Geartech Ltd has the fastest current revenue growth at 18.1%, across 7 of 7 comparable companies.

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

RACL Geartech Ltd ranks first at 67.4/100 with 82.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Auto Ancillaries - Gears company has the lowest comparable PEG?

Shanthi Gears Ltd has the lowest comparable PEG at 3.18, among 1 of 7 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Auto Ancillaries - Gears 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 - Gears index?

The Nifty Auto Ancillaries - Gears index tracks India's listed Auto Ancillaries - Gears companies as a single basket. This page follows the same 7 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 - Gears sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Auto Ancillaries - Gears stocks in India?

Ranked by this page's four-factor score, RACL Geartech Ltd places first among 7 listed Auto Ancillaries - Gears companies, followed by Rane (Madras) 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 - Gears stocks are listed in India?

This comparison covers 7 listed Auto Ancillaries - Gears 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 - Gears company is the biggest?

Rane (Madras) Ltd is the largest, with trailing-twelve-month revenue of ₹3,863 crore, ahead of JTEKT India Ltd at ₹2,063 crore. That covers 7 of 7 companies with comparable reporting through Mar 2026.

Which Auto Ancillaries - Gears company has the best profit margins?

RACL Geartech Ltd has the highest operating margin at 22%, from 7 of 7 comparable companies. JTEKT India 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 - Gears company makes the most profit?

Rane (Madras) Ltd earns the most, at ₹108 crore of trailing-twelve-month net profit, from 7 of 7 comparable companies. RACL Geartech Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

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

Shanthi Gears Ltd leads on return on capital employed at 25.6%, across 7 of 7 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 - Gears stock is the cheapest?

On PEG — where a LOWER number is cheaper — Shanthi Gears Ltd screens cheapest at 3.18×. Only 1 of 7 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 - Gears sector beating the market?

Auto Ancillaries - Gears has outperformed NIFTY 500 by 10.9% over the last 52 weeks and 8.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 7 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Auto Ancillaries - Gears stock has the strongest price momentum?

Sar Auto Products 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 - Gears company scores highest for research priority?

RACL Geartech Ltd scores 67.4 out of 100 with 82.8% evidence confidence, from 26.2 points on growth and earnings, 21.1 on capital efficiency, 10.6 on valuation and 9.5 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 - Gears companies does this comparison cover, and over what period?

It compares 7 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 - Gears sector?

The 7 Auto Ancillaries - Gears companies on this page carry ₹15,334 crore of combined market value. JTEKT India Ltd is the largest at ₹3,903 crore, about 25% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Auto Ancillaries - Gears sector's P/E ratio?

The median price-to-earnings ratio across the 7 Auto Ancillaries - Gears companies on this page is 47×, measured on the 7 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Auto Ancillaries - Gears sector performing?

3 of the 7 covered Auto Ancillaries - Gears companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 10.9% 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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