Investing in auto component stocks priced under Rs. 100 can be an attractive opportunity, especially for those seeking companies with low debt-to-equity ratios. These stocks often indicate financial stability and lower risk, making them appealing to conservative investors. A focus on such stocks can lead to potential growth in a recovering automotive sector.
Menon Pistons Ltd
With a market capitalization of Rs.394 crores, Menon Pistons Ltd’s share price closed at Rs.77.30 per share on Friday, which fell 0.59 percent compared to its previous close.
The company has a debt to equity stood at 0.13 in FY24 and its stock is trading at a P/E of 16 with an EPS of Rs.4.75.
In Q1 FY25, the company reported a 1.46 percent revenue increase YoY to Rs.56.73 crore, while net profit increased by 10 percent to Rs.5.66 crore in the same period.
Precision Metaliks Limited
With a market capitalization of Rs.121.68 crores, Precision Metaliks Ltd’s share price closed at Rs.53 per share on Friday, which fell 1.30 percent compared to its previous close.
The company has a debt to equity stood at 0 in FY24 and its stock is trading at a P/E of 12.7 with an EPS of Rs.4.17.
In FY24, the company reported a 3.7 percent revenue increase YoY to Rs.195.79 crore, while net profit decreased by 4.5 percent to Rs.6.78 crore in the same period.
Also read…
Jagan Lamps Ltd
With a market capitalization of Rs.64.68 crores, Jagan Lamps Ltd’s share price closed at Rs.88.60 per share on Friday, which went up by 1.04 percent compared to its previous close.
The company has a debt to equity stood at 0.2 in FY24 and its stock is trading at a P/E of 23.2 with an EPS of Rs.4.03.
In Q1 FY25, the company reported a revenue decrease of 27.45 percent YoY to Rs.10.52 crore, while net profit declined by 27.45 percent to Rs.0.37 crore in the same period.
About Auto Components
The future outlook for the auto components sector in India looks promising. By 2030, the industry is expected to grow significantly, reaching a market size of around $200 billion. This
growth will be driven by rising demand for vehicles, especially electric and premium models, and an increase in vehicle exports.
As more consumers opt for advanced features and sustainable options, manufacturers will need to adapt and innovate. The government’s support through initiatives like the Production Linked Incentive scheme will further boost local production and reduce reliance on imports.
Written by – Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
