Low PE Auto Ancillary Stocks

Auto Ancillary Stocks, Low PE Stocks, Low PE Ratio Stocks

In this article we’re going to discuss low PE auto ancillary stocks .

By low PE stocks we mean stocks whose PE is less than their industry PE.

Although there could be a lot of reasons for them commanding low PE but we’re not going to discuss those reasons here. Although it is important to dig further and find out the reasons for their low PE.

We’re including stocks whose market capitalization is more than Rs 1000 crores. We’re not including micro cap stocks in our list.

Anyway let’s list out the low PE auto ancillary stocks

Stock	PE	Industry PE
IST	7	32.86
Bombay Burmah	13.32	32.86
Steel Strips Wheels Ltd	14.81	32.86
Varroc Engineering Ltd	14.98	32.86
L G Balakrishnan & Bros Ltd	15.67	32.86
Federal-Mogul Goetze (India) Ltd	16.69	32.86
Automotive Axles Ltd	18.14	32.86
Lumax Industries Ltd	18.16	32.86
Wheels India Ltd	18.88	32.86
Munjal Auto Industries Ltd	18.94	32.86
GNA Axles Ltd	19.41	32.86
Sharda Motor Industries Ltd	19.56	32.86
India Motor Parts & Accessories Ltd	19.87	32.86
Shriram Pistons & Rings Ltd	20.12	32.86
Jamna Auto Industries Ltd	21.32	32.86
Fiem Industries Ltd	22.7	32.86
Banco Products (India) Ltd	22.88	32.86
India Nippon Electricals Ltd	23.25	32.86
Talbros Automotive Components Ltd	23.51	32.86
Lumax Auto Technologies Ltd	24.43	32.86
Amara Raja Energy & Mobility Ltd	25.21	32.86
Sandhar Technologies Limited	26.73	32.86
The Hi-Tech Gears Ltd	29.36	32.86
Automobile Corporation Of Goa Ltd	31.56	32.86

IST Ltd. (All Time High Stocks)

IST Ltd is currently trading near its all time high level. It has just given a breakout above 1052.4.

Investing in all time high breakout stocks has given me very good returns in the past although this is not a buy/sell recommendation.

It’s PE-EPS chart looks good too. The image below shows the TTM EPS is at all time high.

BBTC Share Price Target (Bombay Burmah)

As the chart above shows BBTC share price made its all time high in August 2018 which it crossed in June 2024.

Range calculation method gives a target of around Rs. 3700.

The stock has retraced from its recent high of Rs. 2975 and is currently trading at 2365.