India’s auto sector has delivered impressive wealth creation for investors in the past six months, with select midcap and smallcap players emerging as multibagger stories. Driven by strong demand recovery, improved margins, and robust product portfolios, these stocks have rewarded shareholders with returns ranging between 146 percent and 265 percent, far outpacing the broader market.
1. Gabriel India Ltd
Gabriel India, part of the ANAND Group, is a leading manufacturer of ride control products with a wide range of over 500 models. Its portfolio includes shock absorbers, struts, and front forks, catering to original equipment manufacturers (OEMs), the aftermarket, and export markets. The company has built a strong presence across all automotive customer segments.
The company has a market capitalization of Rs. 17,867.87 crore and is currently trading at Rs. 1,245 per share. Over the last six months, it has delivered stellar returns of 174.33 percent, making it one of the top performers in the sector.
On a year-on-year basis, revenue rose from Rs. 947 crore to Rs. 1,098 crore, an increase of 15.9 percent. Net profit climbed from Rs. 58 crore to Rs. 62 crore, registering a growth of 6.9 percent, reflecting both strong topline expansion and improved bottom-line performance.
2. Lumax Auto Technologies Ltd
Lumax Auto Technologies, incorporated in 1981 and part of the D.K. Jain Group is engaged in producing and supplying automotive lamps, plastic molded components, and chassis parts for two-wheelers, three-wheelers, and four-wheelers. The company has established global collaborations with seven international players, including Yokowo of Japan and JOPP of Germany.
The company has a market capitalization of Rs. 8,376.58 crore and is currently trading at Rs. 1,231 per share. In the past six months, the stock has surged 146.58 percent, delivering substantial gains to investors.
For the year-on-year comparison, sales grew from Rs. 756 crore to Rs. 1,026 crore, marking a rise of 35.6 percent. Net profit advanced from Rs. 42 crore to Rs. 54 crore, reflecting a robust increase of 28.6 percent, underscoring the company’s strengthening financial performance.
3. SML Isuzu Ltd
SML Isuzu, incorporated in 1983, is a prominent commercial vehicle manufacturer formerly known as Swaraj Mazda. It enjoys a strong position in the school bus segment and operates across the light and medium commercial vehicle markets.
Its product range covers buses, trucks, tippers, and application-specific vehicles, with a state-of-the-art manufacturing facility in Nawanshahar, Punjab, capable of producing 24,000 units annually.
The company has a market capitalization of Rs. 5,843.80 crore and is currently trading at Rs. 4,028.40 per share. Over the last six months, the stock has skyrocketed by 257.14 percent, making it the biggest multibagger among its peers.
On a year-on-year basis, sales increased from Rs. 746 crore to Rs. 846 crore, a growth of 13.4 percent. Net profit surged from Rs. 46 crore to Rs. 67 crore, translating into a sharp rise of 45.7 percent, highlighting the strong bottom-line momentum.
4. Force Motors Ltd
Established in 1958, Force Motors is the flagship company of the Abhay Firodia Group. Formerly known as Bajaj Tempo, the company is engaged in manufacturing small and light commercial vehicles, multi-utility vehicles, and tractors. It also exports to multiple regions, including the Middle East, Asia, Latin America, and Africa, leveraging its vertically integrated production facilities.
The company has a market capitalization of Rs. 24,891.80 crore and is currently trading at Rs. 19,119 per share. Over the past six months, it has rewarded investors with returns of 175 percent, cementing its position as one of the fastest-growing auto stocks.
Year-on-year, sales increased from Rs. 1,885 crore to Rs. 2,297 crore, reflecting a growth of 21.8 percent. Net profit jumped from Rs. 116 crore to Rs. 176 crore, marking a robust 51.7 percent increase, demonstrating the company’s strong earnings trajectory.
Written By Manan Gangwar
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