Sector analysis · India
Auto sector earnings growth, Q3 FY26
The 20 largest Automobile and Auto Components companies by market cap at the end of Q3 FY26 (31 Dec 2025), compared with Q3 FY25.
The top 20 at Q3 FY26
Q3 FY26 vs Q3 FY25: combined net profit ₹17,282 cr (+23%), median EPS +20% (17 of 19 up), market-cap-weighted price +14%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Maruti Suzuki India Limited | 18.8% | 118.54 → 123.38 | +4% | +0.9 pp | +54% |
| 2 | M & M | 16.5% | 25.58 → 37.59 | +47% | +8.8 pp | +23% |
| 3 | Bajaj Auto | 9.3% | 78.62 → 98.38 | +25% | +3.3 pp | +6% |
| 4 | Eicher Motors Limited | 7.2% | 42.70 → 51.79 | +21% | +1.5 pp | +52% |
| 5 | Hyundai Motor India Limited | 6.7% | 14.29 → 15.19 | +6% | +0.4 pp | +27% |
| 6 | TVS Motor Company Limited | 6.3% | 11.91 → 17.71 | +49% | +1.6 pp | +57% |
| 7 | Tata Motors Passenger Vehicles Limited | 4.8% | — → −9.47 | sources disagree one-off | — | −50% |
| 8 | Samvardhana Motherson International Limited | 4.5% | 0.83 → 0.97 | +17% | +0.9 pp | +15% |
| 9 | Hero Motocorp | 4.1% | 55.38 → 63.35 | +14% | +0.9 pp | +39% |
| 10 | Bosch | 3.8% | 155.53 → 180.58 | +16% | +0.4 pp | +6% |
| 11 | Uno Minda | 2.7% | 4.05 → 4.79 | +18% | +0.3 pp | +22% |
| 12 | Bharat Forge Limited | 2.5% | 4.45 → 5.53 | +24% | +0.3 pp | +13% |
| 13 | MRF Limited | 2.3% | 743.81 → 1,631.23 | +119% | +2.2 pp | +17% |
| 14 | Schaeffler India Limited | 2.2% | 15.95 → 20.98 | +32% | +0.5 pp | +14% |
| 15 | Tube Investments of India Limited | 1.8% | 10.01 → 8.57 | −14% | −0.2 pp | −27% |
| 16 | Balkrishna Industries Limited | 1.6% | 23.25 → 19.77 | −15% | −0.4 pp | −20% |
| 17 | Endurance Technologies Limited | 1.3% | 13.11 → 15.76 | +20% | +0.2 pp | +20% |
| 18 | Motherson Sumi Wiring India Limited | 1.2% | 0.21 → 0.23 | +10% | +0.1 pp | +25% |
| 19 | Apollo Tyres Limited | 1.1% | 5.31 → 7.41 | +40% | +0.8 pp | −6% |
| 20 | Exide Industries Limited | 1.1% | 1.84 → 2.28 | +24% | +0.2 pp | −13% |
| Sector earnings growth | 100% | +22.8 pp |
Who joined and who left
0 joined and 0 left the top 20 since Q2 FY26, as market caps moved.
Joined the top 20 since Q2 FY26
Left the top 20 since Q2 FY26
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% |
| BAJAJ-AUTO | +18% | +38% | +20% | +20% | −31% | +10% | −10% | +14% | +53% | +25% | +103% | +46% |
| EICHERMOT | +55% | +34% | +18% | +20% | +8% | +17% | +27% | +9% | +24% | +21% | +12% | +21% |
| HYUNDAI | outside | outside | outside | outside | outside | — | — | −8% | +14% | +6% | −22% | −35% |
| TVSMOTOR | 0% | +59% | +15% | +6% | +45% | +18% | +67% | +32% | +42% | +49% | +19% | +67% |
| TMPV | turned profitable | +137% | +222% | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | sources disagree | −80% |
| MOTHERSON | −17% | +18% | +111% | +66% | +315% | +57% | −26% | −51% | −6% | +17% | +42% | +104% |
| 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% |
| UNOMINDA | +32% | +19% | +58% | +15% | +9% | +20% | −8% | +46% | +23% | +18% | +22% | +1% |
| BHARATFORG | +56% | +221% | sources disagree | −9% | +7% | −22% | +16% | +36% | +20% | +24% | −18% | to loss |
| 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% |
| TIINDIA | +25% | +125% | −39% | +5% | −22% | −64% | −76% | −12% | −10% | −14% | +84% | −15% |
| BALKRISIND | −9% | +182% | +87% | +48% | 0% | +47% | −24% | −41% | −21% | −15% | −19% | +56% |
| ENDURANCE | outside | +41% | outside | +25% | +31% | outside | +17% | +11% | +12% | +20% | +13% | +8% |
| MSUMI | +33% | +56% | +38% | +16% | outside | outside | outside | outside | +9% | +10% | outside | outside |
| APOLLOTYRE | +144% | +70% | −17% | −24% | −37% | −32% | −48% | −96% | −13% | +40% | +242% | outside |
| EXIDEIND | outside | outside | +2% | −1% | −14% | −22% | +1% | +24% | −26% | +24% | outside | +28% |