India, June 12 -- The revenue of listed auto ancillary companies grew at a compound annual growth rate (CAGR) of 11 per cent during FY16-26, according to a report by Equirus Securities. Sectoral revenues during the period rose nearly three-fold to about Rs 5 lakh crore during the period, according to the report. It noted that exports have more than tripled over the past decade and have emerged as an important contributor to industry growth alongside rising vehicle content and premiumisation trends.

The sector entered FY27 with its strongest balance sheet position in a decade, it said, adding net debt-to-EBITDA improved to 0.18 times in FY26 from 0.49 times in FY22, aided by stronger cash flows, lower leverage and better working capital m...