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4 Auto and Auto Ancillaries Stocks Doubled Investors Money In 2021

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The auto auxiliary industry, which deals with the manufacturing and sale of intermediate components, equipment, and chemicals, is the other side of the automotive industry. Original equipment manufacturers (OEMs) and intermediates are all part of the auto accessory supply chain.

 

Domestic sales divide the Indian car market into multiple segments, with two-wheelers accounting for the majority of domestic sales.

Component supply to OEMs is categorized in the Indian auto auxiliary market, which includes passenger vehicles, two-wheelers, medium and heavy commercial vehicles, light commercial vehicles, tractors, three-wheelers, and others.

Several stocks in the auto and notably auto ancillary sectors have more than doubled in value in 2021, with the highest gainer surging 301.32 percent.

Steel Strips Wheels

Steel Strips Wheels

Steel Strips Wheels, founded in 1985, is a Small Cap company in the Auto Ancillaries category with a market capitalization of Rs 2,848.73 crore. The company has enough cash on hand to cover its contingent liabilities.

The stock returned 64.35 percent over three years, compared to 53.39 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 64.35 percent, while the Nifty Auto delivered investors a -2.42 percent return.

Steel Strips Wheels Ltd. declared a Rs 2.00 per share equity dividend in the last 12 months. This amounts in a dividend yield of 0.11 percent at the current share price of Rs 1751.95. The stock has returned over 200% since January 2021.

High Energy Batteries
 

High Energy Batteries

The company has enough cash on hand to cover its contingent liabilities. Annual sales growth of 26.43 percent surpassed the company's three-year CAGR of 9.32 percent. The stock returned 393.43 percent over three years, compared to 53.39 percent for the Nifty Smallcap 100. For the fiscal year ending 31-Mar-2021, High Energy Batteries's primary products/revenue segments are Batteries (Silver Zinc), Cells (Nickel Cadmium), and Other Operating revenues.

High Energy Batteries (India) Ltd. has declared an equity dividend of Rs 15.00 per share in the last 12 months. This equates to a dividend yield of 0.76 percent at the current share price of Rs 1978.95. The stock has returned over 200% since January 2021.

RACL Geartech

RACL Geartech

The stock returned 736.85 percent over three years, compared to 53.39 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 736.85 percent, while the Nifty Auto delivered investors a -2.42 percent return. Racl Geartech Ltd., founded in 1983, is a Small Cap business in the Auto Ancillaries sector with a market capitalization of Rs 547.22 crore.

Racl Geartech Ltd. declared an equity dividend of Rs 1.00 per share in the last 12 months. At the current share price of Rs 507.55, this converts to a 0.2 percent dividend yield.

GNA Axles

GNA Axles

The stock returned 119.86 percent over three years, compared to 53.39 percent for the Nifty Smallcap 100. The company spent Rs 26.76 crore on investing operations, a decline of 78.22% year on year. Over a three-year period, the stock returned 119.86 percent, while the Nifty Auto delivered investors a -2.42 percent return.

GNA Axles Ltd. has issued an equity dividend of Rs 5.00 per share in the last 12 months. This calculates to a dividend yield of 0.59 percent at the current share price of Rs 848.55.

4 Auto and Auto Ancillaries Stocks Doubled Investors Money In 2021 And Paid Dividend

4 Auto and Auto Ancillaries Stocks Doubled Investors Money In 2021 And Paid Dividend

Stock Price in Rs YTD Dividend yield
Steel Strips Wheels 1,742 234.32% 0.11%
GNA Axles 848.35 216.84% 0.59%
High Energy Batteries 1,978.95 204.92% 0.76%
RACL Geartech 507 221.95% 0.20%

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice.

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