# Auto Ancillaries - Head lamps lights — company-by-company sector analysis

> Auto Ancillaries - Head lamps lights: Uno Minda Ltd owns the largest revenue base; Lumax Industries Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice.

## Bottom line

Auto Ancillaries - Head lamps lights has outperformed NIFTY 500 by 31.8% over 52 weeks and 6% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. Uno Minda Ltd leads with revenue of ₹20,725 crore, based on 2 of 2 comparable companies through Jun 2026.

## Sector relative strength

Auto Ancillaries - Head lamps lights has outperformed NIFTY 500 by 31.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 6%. 2 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Lumax Industries Ltd is the strongest against the sector itself at +11%.

13-week sector return versus NIFTY 500: 6.0%
52-week sector return versus NIFTY 500: 32%
Stocks leading NIFTY: 2/2
Stocks leading sector: 1/2

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 2
Combined market value: ₹77.0K 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. Lumax Industries Ltd (LUMAXIND): 75/100 — Favorable setup; evidence 91%
   - Growth & earnings 30.8/35 | Capital efficiency 14.4/25 | Valuation 13.2/20 | Relative strength 17.0/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of 10 weeks with a reading, within the last 12
   - Exact sum: 30.8 + 14.4 + 13.2 + 17 = 75.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. Uno Minda Ltd (UNOMINDA): 59/100 — Mixed-positive evidence; evidence 79%
   - Growth & earnings 19.3/35 | Capital efficiency 17.5/25 | Valuation 9.3/20 | Relative strength 12.6/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 3 of the last 12 weeks
   - Exact sum: 19.3 + 17.5 + 9.3 + 12.6 = 58.7
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Market action

Lumax Industries Ltd has the strongest one-year price move in Auto Ancillaries - Head lamps lights at +70.9%. It also leads on Mansfield relative strength against NIFTY at +9.3%. 2 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

### Strongest one-year price performers
1. Lumax Industries Ltd (LUMAXIND): 71%
2. Uno Minda Ltd (UNOMINDA): 14%

### Strongest relative strength versus NIFTY 500
1. Lumax Industries Ltd (LUMAXIND): 9.3%
2. Uno Minda Ltd (UNOMINDA): 2.4%

## Auto Ancillaries - Head lamps lights — the story behind the numbers

This is the written read behind the Auto Ancillaries - Head lamps lights 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. 2 themes are live here.

The sector is in an expansionary phase driven by the structural shift toward LED lighting and new OEM client acquisitions. Despite short-term labor compliance costs, the CAPEX upward revision and expanding order book indicate sustained growth.

The Auto Ancillaries - Head lamps lights sector, represented by LUMAXIND, is experiencing an IMPROVING demand environment. Q3 FY26 results showcased upward top-line momentum, with LUMAXIND delivering INR 1,053 crores in revenue, an 18.7% YoY increase. The manufacturing business was the standout performer, growing 35.8% YoY to reach INR 1,014 crores.

How old this read is: STALE — this read comes from our Auto Ancillaries - Head lamps lights 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
- MEDIUM | Implementation of new labour codes causing one-time financial hits. | Accounted for as a one-time impact in Q3 results. | quoted: "this is after accounting for a onetime impact of INR15.9 crores related to the implementation of new labour codes." | named for LUMAXIND
- LOW | Exposure to USD imports (25-30% of components) creates vulnerability to rupee devaluation. | Management noted no impact in Q3 and is actively monitoring the situation. | quoted: "Actually, this quarter, as such, there is no impact of the forex gain or loss." | named for LUMAXIND

Sources: our Auto Ancillaries - Head lamps lights sector brief, 17 Apr 2026 · company earnings-call transcripts.

## Revenue Scale & Growth Durability

What the numbers say: Uno Minda Ltd is the scale leader at ₹20,725 crore, 362.1% ahead of Lumax Industries Ltd. Lumax Industries Ltd's growth is 26.5% from a ₹4,485 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

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

This conclusion weakens if: Uno Minda Ltd's growth falls below Lumax Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Uno Minda Ltd · ₹20,725 crore | 362.1% versus #2 · Lumax Industries Ltd | 8/8 recent comparable periods | 2/2 companies · 35 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. Uno Minda Ltd (UNOMINDA): ₹20.7K Cr
2. Lumax Industries Ltd (LUMAXIND): ₹4.5K Cr

### Revenue growth — fastest growers
1. Lumax Industries Ltd (LUMAXIND): 27%
2. Uno Minda Ltd (UNOMINDA): 19%

### 20-quarter Revenue history
- UNOMINDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹2.9K Cr | Mar 2023 ₹2.9K Cr | Jun 2023 ₹3.1K Cr | Sep 2023 ₹3.6K Cr | Dec 2023 ₹3.5K Cr | Mar 2024 ₹3.8K Cr | Jun 2024 ₹3.8K Cr | Sep 2024 ₹4.2K Cr | Dec 2024 ₹4.2K Cr | Mar 2025 ₹4.5K Cr | Jun 2025 ₹4.5K Cr | Sep 2025 ₹4.8K Cr | Dec 2025 ₹5.0K Cr | Mar 2026 ₹5.3K Cr | Jun 2026 ₹5.6K Cr
- LUMAXIND: Sep 2021 ₹453 Cr | Dec 2021 ₹435 Cr | Mar 2022 ₹549 Cr | Jun 2022 ₹512 Cr | Sep 2022 ₹620 Cr | Dec 2022 ₹579 Cr | Mar 2023 ₹608 Cr | Jun 2023 ₹618 Cr | Sep 2023 ₹644 Cr | Dec 2023 ₹632 Cr | Mar 2024 ₹743 Cr | Jun 2024 ₹766 Cr | Sep 2024 ₹812 Cr | Dec 2024 ₹887 Cr | Mar 2025 ₹923 Cr | Jun 2025 ₹923 Cr | Sep 2025 ₹1.0K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 ₹1.2K Cr

### 20-quarter Revenue growth history
- UNOMINDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 21% | Mar 2024 31% | Jun 2024 23% | Sep 2024 17% | Dec 2024 19% | Mar 2025 19% | Jun 2025 18% | Sep 2025 13% | Dec 2025 20% | Mar 2026 18% | Jun 2026 24%
- LUMAXIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 63% | Sep 2022 37% | Dec 2022 33% | Mar 2023 11% | Jun 2023 21% | Sep 2023 3.9% | Dec 2023 9.2% | Mar 2024 22% | Jun 2024 24% | Sep 2024 26% | Dec 2024 40% | Mar 2025 24% | Jun 2025 21% | Sep 2025 24% | Dec 2025 19% | Mar 2026 30% | Jun 2026 33%

## Operating Economics & Margin Trend

What the numbers say: Uno Minda Ltd leads opm at 10%; Lumax Industries Ltd leads margin change at 0 percentage points.

Investor read: Uno Minda 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: Uno Minda Ltd · 10% | 11.1% versus #2 · Lumax Industries Ltd | 1/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Uno Minda Ltd (UNOMINDA): 10%
2. Lumax Industries Ltd (LUMAXIND): 9.0%

### Margin change — fastest expanders
1. Lumax Industries Ltd (LUMAXIND): 0.0 pp
2. Uno Minda Ltd (UNOMINDA): −2.0 pp

### 20-quarter OPM history
- UNOMINDA: Sep 2021 11% | Dec 2021 11% | Mar 2022 11% | Jun 2022 10% | Sep 2022 11% | Dec 2022 12% | Mar 2023 11% | Jun 2023 11% | Sep 2023 11% | Dec 2023 11% | Mar 2024 12% | Jun 2024 11% | Sep 2024 11% | Dec 2024 11% | Mar 2025 12% | Jun 2025 12% | Sep 2025 11% | Dec 2025 11% | Mar 2026 11% | Jun 2026 10%
- LUMAXIND: Sep 2021 8.2% | Dec 2021 7.9% | Mar 2022 10% | Jun 2022 8.5% | Sep 2022 9.6% | Dec 2022 10% | Mar 2023 8.0% | Jun 2023 8.0% | Sep 2023 9.0% | Dec 2023 9.0% | Mar 2024 9.0% | Jun 2024 8.0% | Sep 2024 7.0% | Dec 2024 8.0% | Mar 2025 9.0% | Jun 2025 9.0% | Sep 2025 9.0% | Dec 2025 11% | Mar 2026 10% | Jun 2026 9.0%

### 20-quarter Margin change history
- UNOMINDA: Sep 2021 −3.2 pp | Dec 2021 −2.9 pp | Mar 2022 −2.1 pp | Jun 2022 +1.3 pp | Sep 2022 +0.3 pp | Dec 2022 +1.2 pp | Mar 2023 −0.4 pp | Jun 2023 +0.6 pp | Sep 2023 −0.1 pp | Dec 2023 −1.0 pp | Mar 2024 +1.0 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 0.0 pp | Mar 2025 0.0 pp | Jun 2025 +1.0 pp | Sep 2025 0.0 pp | Dec 2025 0.0 pp | Mar 2026 −1.0 pp | Jun 2026 −2.0 pp
- LUMAXIND: Sep 2021 −0.6 pp | Dec 2021 −2.9 pp | Mar 2022 +0.8 pp | Jun 2022 +6.7 pp | Sep 2022 +1.5 pp | Dec 2022 +2.1 pp | Mar 2023 −2.5 pp | Jun 2023 −0.5 pp | Sep 2023 −0.6 pp | Dec 2023 −1.0 pp | Mar 2024 +1.0 pp | Jun 2024 0.0 pp | Sep 2024 −2.0 pp | Dec 2024 −1.0 pp | Mar 2025 0.0 pp | Jun 2025 +1.0 pp | Sep 2025 +2.0 pp | Dec 2025 +3.0 pp | Mar 2026 +1.0 pp | Jun 2026 0.0 pp

## Profit Scale & Acceleration

What the numbers say: Uno Minda Ltd leads with ₹1,291 crore of TTM profit, 586.7% above Lumax Industries Ltd. Lumax Industries Ltd shows 33.3% growth from a ₹188 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Uno Minda 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: Uno Minda Ltd · ₹1,291 crore | 586.7% versus #2 · Lumax Industries Ltd | 7/8 recent comparable periods | 2/2 companies · 35 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. Uno Minda Ltd (UNOMINDA): ₹1.3K Cr
2. Lumax Industries Ltd (LUMAXIND): ₹188 Cr

### Profit growth — fastest growers
1. Lumax Industries Ltd (LUMAXIND): 33%
2. Uno Minda Ltd (UNOMINDA): 16%

### 20-quarter Net profit history
- UNOMINDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹174 Cr | Mar 2023 ₹194 Cr | Jun 2023 ₹180 Cr | Sep 2023 ₹238 Cr | Dec 2023 ₹205 Cr | Mar 2024 ₹302 Cr | Jun 2024 ₹211 Cr | Sep 2024 ₹266 Cr | Dec 2024 ₹254 Cr | Mar 2025 ₹289 Cr | Jun 2025 ₹309 Cr | Sep 2025 ₹323 Cr | Dec 2025 ₹300 Cr | Mar 2026 ₹352 Cr | Jun 2026 ₹316 Cr
- LUMAXIND: Sep 2021 ₹15 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹29 Cr | Jun 2022 ₹20 Cr | Sep 2022 ₹33 Cr | Dec 2022 ₹30 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹23 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹36 Cr | Jun 2024 ₹34 Cr | Sep 2024 ₹28 Cr | Dec 2024 ₹33 Cr | Mar 2025 ₹44 Cr | Jun 2025 ₹36 Cr | Sep 2025 ₹36 Cr | Dec 2025 ₹47 Cr | Mar 2026 ₹54 Cr | Jun 2026 ₹51 Cr

### 20-quarter Profit growth history
- UNOMINDA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 18% | Mar 2024 56% | Jun 2024 17% | Sep 2024 12% | Dec 2024 24% | Mar 2025 -4.3% | Jun 2025 46% | Sep 2025 21% | Dec 2025 18% | Mar 2026 22% | Jun 2026 2.3%
- LUMAXIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 120% | Dec 2022 329% | Mar 2023 -28% | Jun 2023 15% | Sep 2023 -21% | Dec 2023 -13% | Mar 2024 71% | Jun 2024 48% | Sep 2024 7.7% | Dec 2024 27% | Mar 2025 22% | Jun 2025 5.9% | Sep 2025 29% | Dec 2025 42% | Mar 2026 23% | Jun 2026 42%

## Return On Capital Employed

What the numbers say: Uno Minda Ltd leads ROCE at 19.6%, 1.9 percentage points above Lumax Industries Ltd. Lumax Industries Ltd has the strongest latest improvement at +5.8 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: Uno Minda 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: Uno Minda Ltd · 19.6% | 10.7% versus #2 · Lumax Industries Ltd | Not enough history | 2/2 companies · 15 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. Uno Minda Ltd (UNOMINDA): 20%
2. Lumax Industries Ltd (LUMAXIND): 18%

### ROCE change — fastest improvers
1. Lumax Industries Ltd (LUMAXIND): +5.8 pp
2. Uno Minda Ltd (UNOMINDA): +1.0 pp

### 20-quarter ROCE history
- LUMAXIND: Sep 2021 14% | Dec 2021 — | Mar 2022 12% | Jun 2022 — | Sep 2022 19% | Dec 2022 — | Mar 2023 17% | Jun 2023 — | Sep 2023 15% | Dec 2023 23% | Mar 2024 13% | Jun 2024 24% | Sep 2024 12% | Dec 2024 24% | Mar 2025 13% | Jun 2025 22% | Sep 2025 15% | Dec 2025 23% | Mar 2026 19% | Jun 2026 —

### 20-quarter ROCE change history
- LUMAXIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +4.7 pp | Dec 2022 — | Mar 2023 +5.1 pp | Jun 2023 — | Sep 2023 −4.5 pp | Dec 2023 — | Mar 2024 −4.5 pp | Jun 2024 — | Sep 2024 −2.9 pp | Dec 2024 +1.2 pp | Mar 2025 0.0 pp | Jun 2025 −2.1 pp | Sep 2025 +3.7 pp | Dec 2025 −0.9 pp | Mar 2026 +5.8 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Lumax Industries Ltd has the lowest comparable PEG at 0.81×. Only 1 of 2 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.

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: Lumax Industries Ltd · 0.81× | Not enough peers | 0/8 recent comparable periods | 1/2 companies · 11 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
1. Lumax Industries Ltd (LUMAXIND): 0.8

### P/E — lowest P/E
1. Lumax Industries Ltd (LUMAXIND): 27.0
2. Uno Minda Ltd (UNOMINDA): 58.6

### 20-quarter PEG history
- LUMAXIND: Sep 2021 — | Dec 2021 — | Mar 2022 0.8 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 0.7 | Dec 2023 — | Mar 2024 — | Jun 2024 0.5 | Sep 2024 1.7 | Dec 2024 0.9 | Mar 2025 0.8 | Jun 2025 3.9 | Sep 2025 2.0 | Dec 2025 0.9 | Mar 2026 0.8 | Jun 2026 0.8

### 20-quarter P/E history
- UNOMINDA: Sep 2021 56.2 | Dec 2021 92.5 | Mar 2022 77.8 | Jun 2022 73.5 | Sep 2022 66.6 | Dec 2022 53.7 | Mar 2023 44.7 | Jun 2023 51.0 | Sep 2023 50.0 | Dec 2023 53.1 | Mar 2024 50.7 | Jun 2024 72.8 | Sep 2024 72.2 | Dec 2024 65.7 | Mar 2025 53.5 | Jun 2025 68.0 | Sep 2025 70.8 | Dec 2025 66.8 | Mar 2026 52.1 | Jun 2026 53.8
- LUMAXIND: Sep 2021 34.1 | Dec 2021 23.2 | Mar 2022 20.1 | Jun 2022 22.6 | Sep 2022 18.1 | Dec 2022 15.6 | Mar 2023 14.2 | Jun 2023 18.6 | Sep 2023 20.4 | Dec 2023 22.6 | Mar 2024 22.8 | Jun 2024 23.4 | Sep 2024 19.9 | Dec 2024 17.9 | Mar 2025 17.9 | Jun 2025 23.2 | Sep 2025 32.0 | Dec 2025 34.3 | Mar 2026 26.1 | Jun 2026 26.6


## 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 is 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.

## Every company
- Uno Minda Ltd (UNOMINDA) — market value ₹71.6K Cr; latest fundamentals Jun 2026; second-feed figures WITHHELD
- Lumax Industries Ltd (LUMAXIND) — market value ₹5.4K Cr; latest fundamentals Jun 2026

## Source standing of each company

Cross-checked: 1. Unverified: 0. Withheld: 1. Graded companies: 2.

1 of 2 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Uno Minda Ltd (UNOMINDA) — its two data sources disagree by up to 8.2% on reported income across 14 comparable periods, so its derived ratios are withheld.

- WITHHELD | UNOMINDA | Uno Minda Ltd | diff_gt_2pct | disagreement up to 8.24% over 14 comparable periods

## 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 - Head lamps lights sector outperforming NIFTY 500?

Auto Ancillaries - Head lamps lights has outperformed NIFTY 500 by 31.8% over 52 weeks and 6% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself.

### Which Auto Ancillaries - Head lamps lights company is largest by revenue?

Uno Minda Ltd leads with revenue of ₹20,725 crore, based on 2 of 2 comparable companies through Jun 2026.

### Which Auto Ancillaries - Head lamps lights company is growing fastest?

Lumax Industries Ltd has the fastest current revenue growth at 26.5%, across 2 of 2 comparable companies.

### Which Auto Ancillaries - Head lamps lights company has the strongest 4-Factor Sector Score?

Lumax Industries Ltd ranks first at 75.4/100 with 91% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Auto Ancillaries - Head lamps lights company has the lowest comparable PEG?

Lumax Industries Ltd has the lowest comparable PEG at 0.81, among 1 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Auto Ancillaries - Head lamps lights 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 - Head lamps lights 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 - Head lamps lights, this page builds its own equal-weight basket of 2 listed Auto Ancillaries - Head lamps lights 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 - Head lamps lights stocks in India?

Ranked by this page's four-factor score, Lumax Industries Ltd places first among 2 listed Auto Ancillaries - Head lamps lights companies, followed by Uno Minda 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 - Head lamps lights stocks are listed in India?

This comparison covers 2 listed Auto Ancillaries - Head lamps lights 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 - Head lamps lights company is the biggest?

Uno Minda Ltd is the largest, with trailing-twelve-month revenue of ₹20,725 crore, ahead of Lumax Industries Ltd at ₹4,485 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.

### Which Auto Ancillaries - Head lamps lights company has the best profit margins?

Uno Minda Ltd has the highest operating margin at 10%, from 2 of 2 comparable companies. Lumax Industries 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 - Head lamps lights company makes the most profit?

Uno Minda Ltd earns the most, at ₹1,291 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Lumax Industries Ltd has the fastest profit growth at 33.3%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Auto Ancillaries - Head lamps lights company earns the highest return on capital?

Uno Minda Ltd leads on return on capital employed at 19.6%, 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.

### Which Auto Ancillaries - Head lamps lights stock is the cheapest?

On PEG — where a LOWER number is cheaper — Lumax Industries Ltd screens cheapest at 0.81×. Only 1 of 2 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 - Head lamps lights sector beating the market?

Auto Ancillaries - Head lamps lights has outperformed NIFTY 500 by 31.8% over the last 52 weeks and 6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 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 - Head lamps lights stock has the strongest price momentum?

Lumax Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Auto Ancillaries - Head lamps lights company scores highest for research priority?

Lumax Industries Ltd scores 75.4 out of 100 with 91% evidence confidence, from 30.8 points on growth and earnings, 14.4 on capital efficiency, 13.2 on valuation and 17 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 - Head lamps lights 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 - Head lamps lights sector?

The 2 Auto Ancillaries - Head lamps lights companies on this page carry ₹77,026 crore of combined market value. Uno Minda Ltd is the largest at ₹71,606 crore, about 93% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.

### How is the Auto Ancillaries - Head lamps lights sector performing?

2 of the 2 covered Auto Ancillaries - Head lamps lights companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 31.8% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.

### 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.