IP
IndiaPulse
Themes / EV

EV

Electric vehicle, component, battery, and mobility-adjacent exposure.

EVAuto-built

Theme scorecard

Measures whether this idea is investable today by blending cohort quality, valuation cushion, and price momentum. It is a research filter, not advice.

Build portfolio from this theme
Theme
42
Stretched
Quality
34
Valuation
48
Momentum
50
Positive MoS
52%
P/E 46.8 · ROCE 16%
Curated research view

EV & Battery

A focused investor view: high-conviction names first, then small/micro exposure only as controlled satellite risk. Live U-Score and MoS still come from the current database.

61/100
Theme score
Selective
Investability
45.7
Live avg U
-81.3%
Live avg MoS

Curated company map

Names from the curated theme note. Solid chips are present in the live tagged cohort; dashed chips need tag review, ticker verification, or may be indirect/unlisted exposure.

8/9 live tagged

Investment thesis

EV adoption, battery manufacturing, component localisation, charging infrastructure, and software/electronics create a broad but early-stage ecosystem.

1-2 year outlook: Moderate to positive. Use diversified OEMs and proven component makers first.
Recommended allocation: 4-8%.

Key triggers

  • FAME/state policies
  • Gigafactory capacity
  • 2W/3W adoption
  • Fleet electrification

Major risks

  • Subsidy changes
  • China import dependence
  • Charging gaps
  • Technology disruption
Small, micro, and SME names should be opt-in exposure. Suggested filters: U-Score above 65, positive MoS, Piotroski 7+, debt/equity below 0.8, promoter pledge below 10%, and enough traded value to exit without slippage.

Thesis

A data-generated EV basket from tagged stocks. It focuses on investable listed beneficiaries while keeping valuation and balance-sheet checks visible.

  • EV adoption and supply-chain localization
  • Component makers can be cleaner plays than OEMs
  • Profitability dispersion is high

Top picks · ranked by U-Score within this cohort

Full cohort

ECOSMOBLTYSmall
Ecos (India) Mobility & Hospitality Limited
Auto
DEEP VALUE

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +60.5%Piotroski: 8/9ROCE: 30%P/E: 13.1D/E: 0.03
79
U-Score
126.14
Open →
AUTOAXLESSmall
Automotive Axles Limited
Auto
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +52.9%Piotroski: 8/9ROCE: 22%P/E: 14.8D/E: 0.01
73
U-Score
1691.60
Open →
EKCSmall
Everest Kanto Cylinder Limited
Industrials
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +81.6%Piotroski: 8/9ROCE: 12%P/E: 8.3D/E: 0.19
72
U-Score
109.50
Open →
WEBELSOLARMicro
Websol Energy System Limited
Industrials
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +66.5%Piotroski: 8/9ROCE: 63%P/E: 15.0D/E: 0.21
72
U-Score
106.12
Open →
SUZLONMid
Suzlon Energy Limited
Industrials
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +48.3%Piotroski: 8/9ROCE: 35%P/E: 23.4D/E: 0.06
71
U-Score
55.23
Open →
WAAREEENERMid
Waaree Energies Limited
Industrials
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +48.4%Piotroski: 8/9ROCE: 39%P/E: 22.0D/E: 0.22
70
U-Score
3041.30
Open →
SAATVIKGLMicro
Saatvik Green Energy Limited
Industrials
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +63.6%Piotroski: 6/9ROCE: 33%P/E: 16.2D/E: 0.69
69
U-Score
468.40
Open →
GENUSPOWERSmall
Genus Power Infrastructures Limited
Power
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +53.3%Piotroski: 5/9ROCE: 24%P/E: 15.4D/E: 1.04
68
U-Score
303.80
Open →
VICTORYEVSME
Victory Electric Vehicles International Ltd.
Auto
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +84.1%Piotroski: 6/9ROCE: 41%P/E: 8.5D/E: 0.62
67
U-Score
18.20
Open →
SHREEOSFMSME
Shree OSFM E-Mobility Ltd.
Auto
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +68.4%Piotroski: 8/9ROCE: 12%P/E: 10.4D/E: 0.15
66
U-Score
51.30
Open →
SOLARWORLDSmall
Solarworld Energy Solutions Limited
Power
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +60.1%Piotroski: 6/9ROCE: 24%P/E: 13.2D/E: 0.30
66
U-Score
189.92
Open →
HINDUNILVRLarge
Hindustan Unilever Limited
Consumer
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +57.8%Piotroski: 8/9ROCE: 28%P/E: 32.6D/E: 0.03
65
U-Score
2132.80
Open →
PREMIERENEMid
Premier Energies Limited
Industrials
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +27.3%Piotroski: 8/9ROCE: 33%P/E: 32.8D/E: 0.86
65
U-Score
1086.70
Open →
WAAREERTLMicro
Waaree Renewable Technologies Limited
Power
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +37.4%Piotroski: 8/9ROCE: 84%P/E: 20.6D/E: 0.16
63
U-Score
968.75
Open →
VINCOFESmall
Vintage Coffee And Beverages Limited
Consumer
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +61.2%Piotroski: 8/9ROCE: 18%P/E: 30.3D/E: 0.22
61
U-Score
152.79
Open →
SURAJESTSmall
Suraj Estate Developers Limited
Real Estate
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +70.7%Piotroski: 5/9ROCE: 15%P/E: 9.7D/E: 0.65
60
U-Score
193.17
Open →
TALBROAUTOSmall
Talbros Automotive Components Limited
Auto
UNDERVALUED

Auto-included from the EV tag. Use the scorecard and metrics to decide whether it fits your thesis.

MoS: +34.6%Piotroski: 8/9ROCE: 19%P/E: 21.5D/E: 0.11
60
U-Score
360.05
Open →
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The rationale above is editorial — the ranking uses our U-Score engine so the names you see first are the strongest fundamentals fit, not the most popular or most-mentioned. Re-rank yourself if you weigh valuation or quality differently. All information is for study purposes only — consult your financial advisor before investing.