Sector analysis · India
Auto sector earnings growth, Q3 FY25
The 20 largest Automobile and Auto Components companies by market cap at the end of Q3 FY25 (31 Dec 2024), compared with Q3 FY24.
The top 20 at Q3 FY25
Q3 FY25 vs Q3 FY24: combined net profit ₹16,180 cr (+8%), median EPS +10% (11 of 17 up), market-cap-weighted price +18%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | M & M | 15.5% | 21.38 → 25.58 | +20% | +3.6 pp | +74% |
| 2 | Maruti Suzuki India Limited | 14.1% | 102.00 → 118.54 | +16% | +3.6 pp | +5% |
| 3 | Tata Motors Passenger Vehicles Limited | 11.3% | — → 14.81 | sources disagree | — | −5% |
| 4 | Bajaj Auto | 10.2% | 71.78 → 78.62 | +10% | +1.1 pp | +28% |
| 5 | Hyundai Motor India Limited | 6.1% | — → 14.29 | — | — | — |
| 6 | Eicher Motors Limited | 5.5% | 36.38 → 42.70 | +17% | +1.2 pp | +16% |
| 7 | TVS Motor Company Limited | 4.7% | 10.08 → 11.91 | +18% | +0.6 pp | +17% |
| 8 | Samvardhana Motherson International Limited | 4.5% | 0.53 → 0.83 | +57% | +2.3 pp | +53% |
| 9 | Bosch | 4.2% | 175.70 → 155.53 | −11% | −0.4 pp | +54% |
| 10 | Hero Motocorp | 3.4% | 54.70 → 55.38 | +1% | +0.1 pp | +1% |
| 11 | Tube Investments of India Limited | 2.9% | 27.46 → 10.01 | −64% | −2.3 pp | +1% |
| 12 | Bharat Forge Limited | 2.6% | 5.68 → 4.45 | −22% | −0.4 pp | +5% |
| 13 | Uno Minda | 2.5% | 3.37 → 4.05 | +20% | +0.3 pp | +53% |
| 14 | Balkrishna Industries Limited | 2.3% | 15.80 → 23.25 | +47% | +1.0 pp | +13% |
| 15 | MRF Limited | 2.3% | 1,201.82 → 743.81 | −38% | −1.4 pp | +1% |
| 16 | Schaeffler India Limited | 2.2% | 13.91 → 15.95 | +15% | +0.2 pp | +6% |
| 17 | Ola Electric Mobility Limited | 1.6% | — → −1.28 | sources disagree | — | — |
| 18 | Sona BLW Precision Forgings Limited | 1.5% | 2.26 → 2.43 | +8% | +0.1 pp | −8% |
| 19 | Exide Industries Limited | 1.5% | 2.36 → 1.84 | −22% | −0.3 pp | +31% |
| 20 | Apollo Tyres Limited | 1.4% | 7.82 → 5.31 | −32% | −1.1 pp | +17% |
| Sector earnings growth | 100% | +8.4 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q2 FY25, as market caps moved.
Joined the top 20 since Q2 FY25
Left the top 20 since Q2 FY25
- Endurance Technologies 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M&M | −15% | −1% | +4% | −6% | +35% | +20% | +20% | +24% | +16% | +47% | +42% | +34% |
| 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% |
| BAJAJ-AUTO | +18% | +38% | +20% | +20% | −31% | +10% | −10% | +14% | +53% | +25% | +103% | +46% |
| HYUNDAI | outside | outside | outside | outside | outside | — | — | −8% | +14% | +6% | −22% | −35% |
| 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% |
| MOTHERSON | −17% | +18% | +111% | +66% | +315% | +57% | −26% | −51% | −6% | +17% | +42% | +104% |
| BOSCHLTD | +168% | +62% | +42% | +14% | −46% | −11% | −2% | +139% | +3% | +16% | +3% | −37% |
| HEROMOTOCO | +46% | +51% | +15% | +47% | +6% | +1% | +24% | +63% | +23% | +14% | +26% | −17% |
| 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% |
| 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% |
| SCHAEFFLER | +9% | −6% | +4% | +7% | +5% | +15% | +17% | +17% | +24% | +32% | +20% | +14% |
| OLAELEC | outside | outside | outside | outside | sources disagree | sources disagree | outside | outside | outside | outside | outside | outside |
| SONACOMS | +34% | +23% | +23% | +27% | +9% | +8% | +4% | −17% | outside | outside | +14% | +44% |
| 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 |