The Indian auto ancillaries industry, valued at $57 billion, is a crucial pillar of the automotive sector, contributing 2.3% to the nation’s GDP. With over 7,000 players, it supports a vast network of OEMs and aftermarket services. The sector is poised for growth, driven by rising vehicle demand and technological advancements.
Here are the Auto Ancillaries Stocks with debt Less than 1;
Sharda Motor Industries Ltd
Sharda Motor Industries Limited is an Indian firm that manufactures and assembles automotive components. The company primarily provides motor vehicle parts, including suspensions, silencers, and exhaust pipes.
With a market capitalization of Rs 7,548 crore, the shares closed at Rs 2,629.60 per share increasing around 3.64 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.02.
Examining the company’s financial performance, revenue increased by 5 percent from Rs 654 crore in Q1FY24 to Rs 685 in Q1FY25, during the same time frame, net profit magnified 38 percent from Rs 55 crore to Rs 76 crore.
Banco Products (India) Ltd
Banco Products (India) Limited provides engine cooling and sealing systems for automotive and industrial applications. The company offers a range of engine cooling systems, including radiators, charged air coolers, oil coolers (transmission and hydraulic), fuel coolers, battery coolers, and inverter coolers made of aluminum or copper/brass.
With a market capitalization of Rs 4,811 crore, the shares closed at Rs 672.80 per share increasing around 4.6 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.40.
Examining the company’s financial performance, revenue increased by 7 percent from Rs 749 crore in Q1FY24 to Rs 804 in Q1FY25, during the same time frame, net profit remain stable in the period.
Fiem Industries Ltd
Fiem Industries Limited is an India-based firm that manufactures and supplies car components. The Company produces automobile lighting and signaling equipment, including rear-view mirrors, prismatic mirrors, plastic molded parts, bank angle sensors, canisters, and sheet metal components for motorized vehicles.
With a market capitalization of Rs 3,477 crore, the shares closed at Rs 1,321.10 per share increasing around 1.41 percent as compared to the previous closing price. The debt-to-equity ratio of the business is 0.03.
Examining the company’s financial performance, revenue increased by 28 percent from Rs 436 crore in Q1FY24 to Rs 558 in Q1FY25, during the same time frame, net profit magnified 21 percent from Rs 38 crore to Rs 46 crore.
Written by:- Abhishek Singh
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