Sector analysis · India
Auto sector earnings growth, Q1 FY25
The 20 largest Automobile and Auto Components companies by market cap at the end of Q1 FY25 (30 Jun 2024), compared with Q1 FY24.
The top 20 at Q1 FY25
Q1 FY25 vs Q1 FY24: combined net profit ₹16,011 cr (+18%), median EPS +15% (14 of 19 up), market-cap-weighted price +61%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki India Limited | 14.8% | 83.59 → 119.58 | +43% | +9.1 pp | +23% |
| 2 | Tata Motors Passenger Vehicles Limited | 14.2% | — → 16.74 | sources disagree | — | +66% |
| 3 | M & M | 14.0% | 28.21 → 26.40 | −6% | −1.7 pp | +97% |
| 4 | Bajaj Auto | 10.4% | 58.11 → 69.55 | +20% | +2.2 pp | +100% |
| 5 | Samvardhana Motherson International Limited | 5.1% | 0.59 → 0.98 | +66% | +2.9 pp | +122% |
| 6 | Eicher Motors Limited | 5.0% | 33.56 → 40.20 | +20% | +1.4 pp | +31% |
| 7 | TVS Motor Company Limited | 4.4% | 9.14 → 9.70 | +6% | +0.2 pp | +78% |
| 8 | Hero Motocorp | 4.4% | 35.53 → 52.31 | +47% | +2.5 pp | +92% |
| 9 | Bosch | 3.9% | 138.78 → 158.10 | +14% | +0.4 pp | +79% |
| 10 | Tube Investments of India Limited | 3.2% | 11.12 → 11.64 | +5% | +0.1 pp | +34% |
| 11 | Bharat Forge Limited | 3.1% | 4.80 → 4.36 | −9% one-off | −0.2 pp | +100% |
| 12 | Schaeffler India Limited | 2.9% | 15.18 → 16.22 | +7% | +0.1 pp | +53% |
| 13 | Uno Minda | 2.5% | 3.01 → 3.47 | +15% | +0.2 pp | +88% |
| 14 | Balkrishna Industries Limited | 2.4% | 17.17 → 25.35 | +48% | +1.2 pp | +36% |
| 15 | MRF Limited | 2.2% | 1,388.19 → 1,346.38 | −3% | −0.1 pp | +28% |
| 16 | Exide Industries Limited | 1.9% | 2.62 → 2.59 | −1% | 0.0 pp | +138% |
| 17 | Endurance Technologies Limited | 1.5% | 11.62 → 14.49 | +25% | +0.3 pp | +70% |
| 18 | Sona BLW Precision Forgings Limited | 1.5% | 1.91 → 2.42 | +27% | +0.2 pp | +24% |
| 19 | Apollo Tyres Limited | 1.3% | 6.25 → 4.76 | −24% | −0.7 pp | +33% |
| 20 | Motherson Sumi Wiring India Limited | 1.3% | 0.19 → 0.22 | +16% | +0.2 pp | +31% |
| Sector earnings growth | 100% | +18.3 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q4 FY24, as market caps moved.
Joined the top 20 since Q4 FY24
Left the top 20 since Q4 FY24
- ZF Commercial Vehicle Control Systems India Limited
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth year on year, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARUTI | +78% | +29% | +42% | +43% | −21% | +16% | −1% | +1% | +8% | +4% | −6% | −9% |
| TMPV | turned profitable | +137% | +222% | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | −80% |
| M&M | −15% | −1% | +4% | −6% | +35% | +20% | +20% | +24% | +16% | +47% | +42% | +34% |
| BAJAJ-AUTO | +18% | +38% | +20% | +20% | −31% | +10% | −10% | +14% | +53% | +25% | +103% | +46% |
| MOTHERSON | −17% | +18% | +111% | +66% | +315% | +57% | −26% | −51% | −6% | +17% | +42% | +104% |
| EICHERMOT | +55% | +34% | +18% | +20% | +8% | +17% | +27% | +9% | +24% | +21% | +12% | +21% |
| TVSMOTOR | 0% | +59% | +15% | +6% | +45% | +18% | +67% | +32% | +42% | +49% | +19% | +67% |
| HEROMOTOCO | +46% | +51% | +15% | +47% | +6% | +1% | +24% | +63% | +23% | +14% | +26% | −17% |
| BOSCHLTD | +168% | +62% | +42% | +14% | −46% | −11% | −2% | +139% | +3% | +16% | +3% | −37% |
| TIINDIA | +25% | +125% | −39% | +5% | −22% | −64% | −76% | −12% | −10% | −14% | +84% | −15% |
| BHARATFORG | +56% | +221% | sources disagree | −9% | +7% | −22% | +16% | +36% | +20% | +24% | −18% | to loss |
| SCHAEFFLER | +9% | −6% | +4% | +7% | +5% | +15% | +17% | +17% | +24% | +32% | +20% | +14% |
| UNOMINDA | +32% | +19% | +58% | +15% | +9% | +20% | −8% | +46% | +23% | +18% | +22% | +1% |
| BALKRISIND | −9% | +182% | +87% | +48% | 0% | +47% | −24% | −41% | −21% | −15% | −19% | +56% |
| MRF | +352% | +192% | +26% | −3% | −20% | −38% | +29% | −12% | +12% | +119% | +37% | −1% |
| EXIDEIND | outside | outside | +2% | −1% | −14% | −22% | +1% | +24% | −26% | +24% | outside | +28% |
| ENDURANCE | outside | +41% | outside | +25% | +31% | outside | +17% | +11% | +12% | +20% | +13% | +8% |
| SONACOMS | +34% | +23% | +23% | +27% | +9% | +8% | +4% | −17% | outside | outside | +14% | +44% |
| APOLLOTYRE | +144% | +70% | −17% | −24% | −37% | −32% | −48% | −96% | −13% | +40% | +242% | outside |
| MSUMI | +33% | +56% | +38% | +16% | outside | outside | outside | outside | +9% | +10% | outside | outside |