5 Auto Ancillary Stocks With Strong Order Books of Up to ₹34,220 Cr to Keep on Your Radar

Synopsis: Five auto ancillary companies with strong order books and diversified exposure across EV, ICE, and industrial segments, showcasing steady execution, healthy order inflows, and robust long-term revenue visibility up to Rs. 34,220 crore. 

India Ratings and Research (Ind-Ra) maintains a neutral outlook for the auto ancillary sector in FY27, supported by strong structural drivers such as rising vehicle content due to premiumisation, GST 2.0-led domestic OEM demand, increasing EV adoption, favourable global trade agreements, and growing order books as global OEMs continue diversifying sourcing to India.

On the growth front, the sector is expected to deliver 7%–9% year-on-year revenue growth in FY27, following an estimated 8%–10% growth in FY26 (FY25 of 9%–10%). Export demand is also expected to gradually improve, aided by better trade agreements and steady global recovery, providing additional upside to overall revenue momentum.

From a profitability perspective, EBITDA margins are expected to remain stable in FY25–FY26 and improve by 50–100 basis points in FY26–FY27. This improvement is likely to be driven by stable raw material costs, improved operating leverage, and a richer product mix as OEMs increasingly shift toward premium offerings, even as exports gradually recover and support margin expansion.

Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings is a leading Indian auto component manufacturer specialising in precision-forged gears, differential assemblies, and EV drivetrain solutions. The company supplies major global automotive OEMs and has been expanding its focus toward electric vehicle powertrain technologies, positioning itself as a key player in the global shift toward electrification.

With a market capitalisation of Rs. 38,430 cr, the shares of Sona BLW Precision Forgings Ltd closed at Rs. 618 per share, up from its previous close of Rs. 608.10 per share. The company reported a net order book of Rs. 23,700 crore as of Q4FY26, slightly higher than Rs. 23,500 crore in Q3FY26. During the quarter, it executed orders worth Rs. 1,200 crore from matured and ramped-up programs, while securing fresh orders of Rs. 1,400 crore, resulting in a modest net increase in the overall order book.

The order book is strongly skewed toward electric vehicle (EV) programs, which account for about Rs. 16,600 crore (70% of the total). The remaining portion includes Rs. 5,800 crore from non-EV segments (24%) and Rs. 1,300 crore from the railway business (5%), reflecting diversification across mobility and industrial sectors. 

Within this, passenger vehicles form the largest share, followed by 2W & 3W and commercial/off-highway segments, while non-EV orders are distributed across PV, CV, and OHV, with rail contributing a smaller but steady share.

Sansera Engineering Ltd

Sansera Engineering is a diversified precision engineering company that produces complex, high-precision components for automotive and aerospace industries. Its product range includes connecting rods, forged components, and critical engine and transmission parts, serving both two-wheeler and four-wheeler OEMs in India and abroad.

With a market capitalisation of Rs. 18,185 cr, the shares of Sansera Engineering Ltd closed at Rs. 2917.55 per share, up from its previous close of Rs. 2,877.50 per share. The company’s order book showed steady movement during FY25–26. It increased from Rs. 1,850 crore in March 2025 to a high of Rs. 2,410 crore in December 2025, before easing to Rs. 1,920 crore by March 2026. This indicates a healthy pipeline of orders despite some moderation in the latest quarter.

In terms of business mix, the company remained stable. Around 62%–65% of revenue came from global markets, while the remaining 35%–38% was contributed by the domestic business, showing a balanced presence in both international and local markets.

As of Mar-26, the order book is led by Auto-ICE at 54%, including PV and CV at 35% and two-wheelers at 19%. Non-auto contributes 29%, primarily driven by ADS at 12%, while other sub-segments make up the remainder. The emerging Auto-Tech Agnostic & xEV segment accounts for 17%, split between xEV at 11% and tech-agnostic solutions at 6%.

Shanthi Gears Ltd

Shanthi Gears is a well-known manufacturer of industrial gears and gearboxes used across sectors such as wind energy, steel, cement, and material handling. It is part of the Murugappa Group and is recognised for its engineering strength in power transmission solutions. With a market capitalisation of Rs. 3,383 cr, the shares of Shanthi Gears Ltd closed at Rs. 441 per share, up from its previous close of Rs. 440.30 per share.

A key highlight was the record order booking of Rs 178 crore in Q4 FY26, reflecting a strong 89% year-on-year growth compared to the same quarter last year. As of 31 March 2026, the company’s unexecuted order book stood at Rs. 349 crore, indicating a healthy pipeline and strong demand visibility going forward.

Alicon Castalloy Ltd

Alicon Castalloy specialises in aluminium casting and machining of complex automotive components, including transmission housings and engine parts. The company primarily serves passenger vehicle, commercial vehicle, and two-wheeler OEMs, with a strong focus on lightweighting solutions for better fuel efficiency.

With a market capitalisation of Rs. 1,119 cr, the shares of Alicon Castalloy Ltd closed at Rs. 682.15 per share, up from its previous close of Rs. 653.25 per share. As of March 31, the executable order book stands at approximately Rs. 7,600 crore, which is expected to be executed over a six-year period from FY25–26 to FY30–31. This figure excludes ongoing programs that were already active and contributing to revenue prior to FY26.

NDR Auto Components Ltd

NDR Auto Components is engaged in manufacturing automotive seating and interior systems, supplying components like seat frames and related assemblies. The company primarily caters to Indian automotive OEMs and focuses on cost-efficient, scalable production for mass-market vehicles. With a market capitalisation of Rs. 1,962 cr, the shares of NDR Auto Components Ltd closed at Rs. 825 per share, down from its previous close of Rs. 841.80 per share.

Strong execution continues to support both revenue growth and profitability, with order wins across multiple customer logos further strengthening business visibility. As of March 31, 2026, the order book stands at Rs. 650 crores.

A key development during the period was the receipt of the second Letter of Intent (LOI) for the Ambient Lighting business from MSIL, reinforcing NDR Auto’s strategic diversification beyond seating solutions. In addition, the company continues to build its backend capabilities for a new range of disruptive products, progressing in line with its planned roadmap.

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