# Auto Ancillaries - Seats — company-by-company sector analysis > Auto Ancillaries - Seats: Bharat Seats Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-18. Not investment advice. ## Bottom line Auto Ancillaries - Seats has outperformed NIFTY 500 by 64.1% over 52 weeks and 26.2% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Bharat Seats Ltd leads with revenue of ₹2,102 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Auto Ancillaries - Seats has outperformed NIFTY 500 by 64.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 26.2%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Bharat Seats Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: 26% 52-week sector return versus NIFTY 500: 64% 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: ₹1.6K 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. Bharat Seats Ltd (BHARATSE): 68/100 — Favorable setup; evidence 78% - Growth & earnings 29.9/35 | Capital efficiency 18.1/25 | Valuation 7.0/20 | Relative strength 12.5/20 - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of 10 weeks with a reading, within the last 12 - Exact sum: 29.9 + 18.1 + 7 + 12.5 = 67.5 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. ## Market action Bharat Seats Ltd has the strongest one-year price move in Auto Ancillaries - Seats at +135.1%. It also leads on Mansfield relative strength against NIFTY at +32.3%. 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. Bharat Seats Ltd (BHARATSE): 135% ### Strongest relative strength versus NIFTY 500 1. Bharat Seats Ltd (BHARATSE): 32% ## Auto Ancillaries - Seats — the story behind the numbers This is the written read behind the Auto Ancillaries - Seats figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 5 themes are live here. The Auto Ancillaries - Seats sector data for the week ending 2026-07-19 relies on a single constituent, BHARATSE. The company reported Q4 FY26 revenue of ₹574.27 crore, representing a 46.15% increase year-on-year. According to Business Standard, Revenue from operations rallied 46.15% to Rs 574.27 crore in Q4 FY26 as against Rs 392.91 crore posted in Q4 FY25. How old this read is: This read comes from our Auto Ancillaries - Seats sector brief dated 28 Jul 2026, so the words here and the numbers above them cover the same few weeks. ### Live themes, worst first - MEDIUM | Company faces ongoing tax litigation with appellate orders reducing demand to ₹2.45 crores. | Company intends to file a further appeal against this remaining ₹2.45 crores demand. | named for BHARATSE - LOW | Company acknowledges exposure to foreign currency rate fluctuations and import duties. | Company reviews forward exchange contracts/ derivative contracts on a regular basis. | named for BHARATSE - LOW | Received income tax penalty orders totaling ₹27.1 million for cash transaction limit violations. | Management expects no material impact based on legal advice. | named for BHARATSE - LOW | Automotive industry faces business risks including labour shortages. | Company maintains healthy employee relations and safety audit systems. | named for BHARATSE - LOW | Prospects are linked to customers' ability to meet tightening emission control requirements. | Company enhancing reliance on renewable sources and various energy saving efforts. | named for BHARATSE Sources: our Auto Ancillaries - Seats sector brief, 28 Jul 2026. ## Revenue Scale & Growth Durability What the numbers say: Bharat Seats Ltd is the scale leader at ₹2,102 crore, Bharat Seats Ltd's growth is 48.3% from a ₹2,102 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: Bharat Seats Ltd is the scale benchmark; Bharat Seats Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Bharat Seats Ltd's growth falls below Bharat Seats Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Bharat Seats Ltd · ₹2,102 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. Bharat Seats Ltd (BHARATSE): ₹2.1K Cr ### Revenue growth — fastest growers 1. Bharat Seats Ltd (BHARATSE): 48% ### 20-quarter Revenue history - BHARATSE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹219 Cr | Mar 2023 ₹293 Cr | Jun 2023 ₹253 Cr | Sep 2023 ₹286 Cr | Dec 2023 ₹250 Cr | Mar 2024 ₹278 Cr | Jun 2024 ₹299 Cr | Sep 2024 ₹291 Cr | Dec 2024 ₹306 Cr | Mar 2025 ₹393 Cr | Jun 2025 ₹427 Cr | Sep 2025 ₹459 Cr | Dec 2025 ₹491 Cr | Mar 2026 ₹574 Cr | Jun 2026 ₹578 Cr ### 20-quarter Revenue growth history - BHARATSE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 14% | Mar 2024 -5.1% | Jun 2024 18% | Sep 2024 1.8% | Dec 2024 22% | Mar 2025 41% | Jun 2025 43% | Sep 2025 58% | Dec 2025 60% | Mar 2026 46% | Jun 2026 35% ## Operating Economics & Margin Trend What the numbers say: Bharat Seats Ltd leads both opm at 4.9% and margin change at -0.1 percentage points. Investor read: Bharat Seats 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: Bharat Seats Ltd · 4.9% | Not enough peers | 0/8 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. Bharat Seats Ltd (BHARATSE): 4.9% ### Margin change — fastest expanders 1. Bharat Seats Ltd (BHARATSE): −0.1 pp ### 20-quarter OPM history - BHARATSE: Sep 2021 3.3% | Dec 2021 4.1% | Mar 2022 5.2% | Jun 2022 3.8% | Sep 2022 4.1% | Dec 2022 4.6% | Mar 2023 5.0% | Jun 2023 4.8% | Sep 2023 6.0% | Dec 2023 6.0% | Mar 2024 6.0% | Jun 2024 6.0% | Sep 2024 6.0% | Dec 2024 6.0% | Mar 2025 6.0% | Jun 2025 5.0% | Sep 2025 4.9% | Dec 2025 5.0% | Mar 2026 5.0% | Jun 2026 4.9% ### 20-quarter Margin change history - BHARATSE: Sep 2021 −3.3 pp | Dec 2021 −3.9 pp | Mar 2022 −0.5 pp | Jun 2022 +1.4 pp | Sep 2022 +0.8 pp | Dec 2022 +0.6 pp | Mar 2023 −0.2 pp | Jun 2023 +1.0 pp | Sep 2023 +1.9 pp | Dec 2023 +1.4 pp | Mar 2024 +1.0 pp | Jun 2024 +1.2 pp | Sep 2024 0.0 pp | Dec 2024 0.0 pp | Mar 2025 0.0 pp | Jun 2025 −1.0 pp | Sep 2025 −1.1 pp | Dec 2025 −1.0 pp | Mar 2026 −1.0 pp | Jun 2026 −0.1 pp ## Profit Scale & Acceleration What the numbers say: Bharat Seats Ltd leads with ₹46 crore of TTM profit, Bharat Seats Ltd shows 31.4% growth from a ₹46 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: Bharat Seats 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: Bharat Seats Ltd · ₹46 crore | Not enough peers | 7/8 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. Bharat Seats Ltd (BHARATSE): ₹46 Cr ### Profit growth — fastest growers 1. Bharat Seats Ltd (BHARATSE): 31% ### 20-quarter Net profit history - BHARATSE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹5 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹7 Cr | Dec 2023 ₹6 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹11 Cr | Jun 2025 ₹9 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹13 Cr | Jun 2026 ₹13 Cr ### 20-quarter Profit growth history - BHARATSE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 26% | Mar 2024 14% | Jun 2024 40% | Sep 2024 0.0% | Dec 2024 33% | Mar 2025 38% | Jun 2025 29% | Sep 2025 43% | Dec 2025 25% | Mar 2026 18% | Jun 2026 44% ## Return On Capital Employed What the numbers say: Bharat Seats Ltd leads ROCE at 20.2%. Bharat Seats Ltd has the strongest latest improvement at +3.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: Bharat Seats 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: Bharat Seats Ltd · 20.2% | Not enough peers | 4/8 recent comparable periods | 1/1 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. Bharat Seats Ltd (BHARATSE): 20% ### ROCE change — fastest improvers 1. Bharat Seats Ltd (BHARATSE): +3.9 pp ### 20-quarter ROCE history - BHARATSE: Sep 2021 13% | Dec 2021 — | Mar 2022 8.6% | Jun 2022 — | Sep 2022 15% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 20% | Dec 2023 22% | Mar 2024 13% | Jun 2024 19% | Sep 2024 13% | Dec 2024 19% | Mar 2025 15% | Jun 2025 18% | Sep 2025 17% | Dec 2025 19% | Mar 2026 19% | Jun 2026 — ### 20-quarter ROCE change history - BHARATSE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.3 pp | Dec 2022 — | Mar 2023 +6.7 pp | Jun 2023 — | Sep 2023 +5.6 pp | Dec 2023 — | Mar 2024 −2.7 pp | Jun 2024 — | Sep 2024 −7.4 pp | Dec 2024 −2.9 pp | Mar 2025 +2.8 pp | Jun 2025 −0.6 pp | Sep 2025 +4.0 pp | Dec 2025 +0.4 pp | Mar 2026 +3.9 pp | Jun 2026 — ## 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. Bharat Seats Ltd (BHARATSE): 33.0 ### 20-quarter PEG history ### 20-quarter P/E history - BHARATSE: Sep 2021 15.8 | Dec 2021 16.8 | Mar 2022 21.2 | Jun 2022 19.8 | Sep 2022 17.0 | Dec 2022 16.4 | Mar 2023 11.8 | Jun 2023 18.8 | Sep 2023 16.9 | Dec 2023 22.2 | Mar 2024 18.5 | Jun 2024 19.9 | Sep 2024 23.6 | Dec 2024 22.0 | Mar 2025 16.4 | Jun 2025 19.7 | Sep 2025 31.4 | Dec 2025 29.4 | Mar 2026 22.7 | Jun 2026 27.1 ## 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 - Bharat Seats Ltd (BHARATSE) — market value ₹1.6K 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 | BHARATSE | Bharat Seats 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 - Seats sector outperforming NIFTY 500? Auto Ancillaries - Seats has outperformed NIFTY 500 by 64.1% over 52 weeks and 26.2% 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 - Seats company is largest by revenue? Bharat Seats Ltd leads with revenue of ₹2,102 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Auto Ancillaries - Seats company is growing fastest? Bharat Seats Ltd has the fastest current revenue growth at 48.3%, across 1 of 1 comparable companies. ### Which Auto Ancillaries - Seats company has the strongest 4-Factor Sector Score? Bharat Seats Ltd ranks first at 67.5/100 with 78% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Auto Ancillaries - Seats 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 - Seats 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 - Seats, this page builds its own equal-weight basket of 1 listed Auto Ancillaries - Seats 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 - Seats stocks in India? Ranked by this page's four-factor score, Bharat Seats Ltd places first among 1 listed Auto Ancillaries - Seats 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 - Seats stocks are listed in India? This comparison covers 1 listed Auto Ancillaries - Seats 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 - Seats company is the biggest? Bharat Seats Ltd is the largest, with trailing-twelve-month revenue of ₹2,102 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Auto Ancillaries - Seats company has the best profit margins? Bharat Seats Ltd has the highest operating margin at 4.9%, from 1 of 1 comparable companies. Bharat Seats Ltd shows the biggest recent improvement, at -0.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Auto Ancillaries - Seats company makes the most profit? Bharat Seats Ltd earns the most, at ₹46 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. Bharat Seats Ltd has the fastest profit growth at 31.4%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Auto Ancillaries - Seats company earns the highest return on capital? Bharat Seats Ltd leads on return on capital employed at 20.2%, 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 - Seats sector beating the market? Auto Ancillaries - Seats has outperformed NIFTY 500 by 64.1% over the last 52 weeks and 26.2% 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 - Seats stock has the strongest price momentum? Bharat Seats 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 - Seats company scores highest for research priority? Bharat Seats Ltd scores 67.5 out of 100 with 78% evidence confidence, from 29.9 points on growth and earnings, 18.1 on capital efficiency, 7 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 - Seats 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 - Seats sector? The 1 Auto Ancillaries - Seats companies on this page carry ₹1,558 crore of combined market value. Bharat Seats Ltd is the largest at ₹1,558 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-18. ### How is the Auto Ancillaries - Seats sector performing? 1 of the 1 covered Auto Ancillaries - Seats companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 64.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-18. ### 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.