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Best Electric Vehicle Stocks in India

The electric vehicle (EV) megatrend is a once in a century revolution, happening right in front of us. The revolution has taken the auto sector by storm with all segments ripe for disruption.

The megatrend is one of the biggest changes India will see over the coming years. Here are the top stocks riding the EV megatrend.

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EXPORT
CompanyCMP
(Rs)
P/E
(x)
P/BV
(x)
D/E
(Curr FY, x)
EV/EBITRoE
(Latest, %)
RoCE
(Latest, %)
Dividend Yield
(%)
TATA MOTORS436.7NM5.03.1114.8NM1.6%0.0%
UNIPARTS INDIA565.0NM1.70.29.114.9%21.2%0.0%
CONCORD CONTROL218.0NM10.00.41.528.9%37.7%0.0%
HEG1,014.28.11.00.29.411.0%14.5%3.9%
RATTANINDIA ENTERPRISES43.012.910.00.211.779.3%79.6%0.0%
AMARA RAJA BATTERIES606.315.81.90.012.911.3%15.5%0.7%
RAMKRISHNA FORG265.516.13.41.511.618.5%18.1%0.2%
FIEM INDUSTRIES1,764.218.33.40.08.314.8%21.2%1.1%
GABRIEL INDIA165.018.92.70.011.911.7%17.0%0.9%
EXIDE INDUSTRIES179.819.51.40.012.56.6%9.6%1.1%
MINDA CORPORATION202.619.73.50.320.813.9%17.0%0.5%
HERO MOTOCORP2,570.019.83.20.013.916.0%20.9%3.7%
GRAPHITE INDIA332.024.41.30.114.210.5%14.4%3.0%
LUMAX IND1,792.525.13.20.717.36.9%12.3%0.8%
BHARAT ELECTRONICS96.225.85.20.013.819.2%25.8%1.6%
HBL POWER 97.627.93.00.113.110.8%14.5%0.4%
JBM AUTO.490.030.26.11.524.817.4%19.1%0.2%
BOSCH17,543.240.14.80.026.811.4%14.3%1.2%
ENDURANCE TECHNOLOGIES1,397.941.05.00.126.011.8%14.4%0.4%
BHARAT FORGE865.841.56.20.924.016.9%18.8%0.8%
HIMADRI SPECIALITY CHEMICAL90.942.51.80.338.52.1%4.6%0.2%
MOTHERSON SUMI79.747.72.70.636.33.9%6.7%0.5%
GREAVES COTTON138.049.42.10.3-366.4NM-1.3%0.1%
MINDA INDUSTRIES529.054.47.70.248.910.2%14.7%0.1%
KABRA EXTRUSION635.058.15.80.237.29.2%13.4%0.5%

Disclaimer: This is for information purposes only. These are not stock recommendations and should not be treated as such. Learn more about our recommendation services here... Also note that these screeners are based only on numbers. There is no screening for management quality.

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FAQs

Which are the best electric vehicle stocks in India right now?

As per Equitymaster's Indian Stock Screener, here is a list of the best electric vehicle stocks in India right now...


These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.

Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.

When should you invest in electric vehicle stocks?

The best time to buy stocks from this sector is when companies with strong fundamentals are trading at attractive valuations.

As India prepares itself to leap forward in the clean energy race, the electrification of transport is a top priority. The demand for electric vehicles (EVs) has been surging, with sales doubling in the last three years.
There are several ways to play this massive investment opportunity. You can buy stocks of:

  • automobile companies that manufacture electric vehicles.
  • EV component makers such as batteries as the rapid penetration of EVs will drive the need for lithium ion batteries.
  • EV charging infrastructure providers
  • commodities that are widely used in EV battery production such as silver, nickel, copper.
  • electric mobility services and financers.

Where can I find a list of electric vehicle stocks?

The details of listed electric vehicle companies can be found on the NSE and BSE website.

For a curated list you can check out our list of electric vehicle stocks.

What kind of dividend yields do electric vehicle stocks offer?

There is no consistent trend of dividends across the industry, with different companies adopting different dividend policies.

For more details, check out our list of top electric vehicle stocks offering high dividend yields

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