Auto safety stocks show varied growth and valuations

Lumax Industries, Sundram Fasteners and ZF Commercial Vehicle Control Systems India have clear long-term roadmaps in vehicle lighting, braking systems and fasteners. Their FY26 revenue growth was 22.9%, 6.4% and 9.2% respectively.

The P/E ratio is 27.13 for Lumax Industries (industry 36.86), 39.12 for Sundram Fasteners (industry 36.86) and 49.81 for ZF CV (industry 36.86). Industry stakeholders said demand cycles, input costs and valuation affect how much of that growth the market pays for.