Sector analysis · India
Auto sector earnings growth, Q2 FY25
The 20 largest Automobile and Auto Components companies by market cap at the end of Q2 FY25 (30 Sep 2024), compared with Q2 FY24.
The top 20 at Q2 FY25
Q2 FY25 vs Q2 FY24: combined net profit ₹13,941 cr (−1%), median EPS +5% (10 of 18 up), market-cap-weighted price +61%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki India Limited | 15.1% | 124.61 → 98.68 | −21% | −4.5 pp | +25% |
| 2 | M & M | 14.0% | 18.88 → 25.50 | +35% | +5.6 pp | +99% |
| 3 | Tata Motors Passenger Vehicles Limited | 13.0% | — → 9.08 | sources disagree | — | +55% |
| 4 | Bajaj Auto | 12.5% | 71.39 → 49.61 | −31% | −4.3 pp | +141% |
| 5 | Samvardhana Motherson International Limited | 5.4% | 0.20 → 0.83 | +315% | +4.6 pp | +120% |
| 6 | Eicher Motors Limited | 5.0% | 37.12 → 40.15 | +8% | +0.6 pp | +46% |
| 7 | TVS Motor Company Limited | 4.9% | 8.13 → 11.80 | +45% | +1.2 pp | +87% |
| 8 | Hero Motocorp | 4.2% | 50.35 → 53.19 | +6% | +0.4 pp | +87% |
| 9 | Bosch | 4.0% | 338.99 → 181.97 | −46% | −3.2 pp | +98% |
| 10 | Tube Investments of India Limited | 3.1% | 13.62 → 10.69 | −22% | −0.4 pp | +45% |
| 11 | Bharat Forge Limited | 2.6% | 4.88 → 5.23 | +7% | +0.1 pp | +39% |
| 12 | Uno Minda | 2.3% | 3.93 → 4.27 | +9% | +0.1 pp | +84% |
| 13 | Schaeffler India Limited | 2.2% | 15.03 → 15.81 | +5% | +0.1 pp | +18% |
| 14 | Balkrishna Industries Limited | 2.1% | 17.97 → 17.95 | 0% | 0.0 pp | +19% |
| 15 | MRF Limited | 2.1% | 1,383.26 → 1,109.84 | −20% | −0.8 pp | +29% |
| 16 | Sona BLW Precision Forgings Limited | 1.7% | 2.12 → 2.32 | +9% | +0.1 pp | +27% |
| 17 | Ola Electric Mobility Limited | 1.6% | — → −1.12 | sources disagree | — | — |
| 18 | Exide Industries Limited | 1.6% | 3.17 → 2.72 | −14% | −0.3 pp | +93% |
| 19 | Apollo Tyres Limited | 1.3% | 7.47 → 4.68 | −37% | −1.2 pp | +49% |
| 20 | Endurance Technologies Limited | 1.2% | 10.99 → 14.43 | +31% | +0.3 pp | +51% |
| Sector earnings growth | 100% | −1.5 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q1 FY25, as market caps moved.
Joined the top 20 since Q1 FY25
Left the top 20 since Q1 FY25
- Motherson Sumi Wiring 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% |
| M&M | −15% | −1% | +4% | −6% | +35% | +20% | +20% | +24% | +16% | +47% | +42% | +34% |
| TMPV | turned profitable | +137% | +222% | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | −80% |
| 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 |
| UNOMINDA | +32% | +19% | +58% | +15% | +9% | +20% | −8% | +46% | +23% | +18% | +22% | +1% |
| SCHAEFFLER | +9% | −6% | +4% | +7% | +5% | +15% | +17% | +17% | +24% | +32% | +20% | +14% |
| 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% |
| SONACOMS | +34% | +23% | +23% | +27% | +9% | +8% | +4% | −17% | outside | outside | +14% | +44% |
| OLAELEC | outside | outside | outside | outside | sources disagree | sources disagree | outside | outside | outside | outside | outside | outside |
| EXIDEIND | outside | outside | +2% | −1% | −14% | −22% | +1% | +24% | −26% | +24% | outside | +28% |
| APOLLOTYRE | +144% | +70% | −17% | −24% | −37% | −32% | −48% | −96% | −13% | +40% | +242% | outside |
| ENDURANCE | outside | +41% | outside | +25% | +31% | outside | +17% | +11% | +12% | +20% | +13% | +8% |