Carraro India Ltd.

Carraro India Ltd.

471.50
INR
-11.40
(-2.36%)
23.38EPS
22.94P/E
30.48BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
262.14
299.68
313.04
316.59
395.13
405.97
Basic EPS, GAAP
3.94
8.52
11
15.5
22.96
23.37
Free Cash Flow per Basic Share
6.24
2.99
4.54
4.28
18
- -
Dividend per Share
- -
0.88
5.44
- -
4.55
- -
Book Value per Share
51.45
59.34
65.05
80.55
99.31
- -
Tangible Book Value per Share
50.5
58.61
59.95
75.99
95.03
- -
Basic Weighted Avg Shares
57
57
57
57
57
57
Sales/Revenue/Turnover
14,903
17,037
17,797
17,999
22,464
23,072
Operating Margin (%)
3
4.91
5.99
7.82
8.66
7.33
Depreciation Expense
359
394
431
452
457
459
Net Income, GAAP
224
484
625
881
1,306
1,328
Effective Tax Rate (%)
27.03
26.12
25.85
25.73
24.42
24.67
Profit Margin (%)
1.5
2.84
3.51
4.9
5.81
5.76
Working Capital
838
1,611
1,390
2,338
3,273
- -
LT Debt
890
1,332
1,236
1,445
1,204
- -
Total Equity
2,926
3,375
3,699
4,581
5,647
- -
Return on Invested Capital (%)
- -
12.31
14.21
16.98
20.47
- -
Return on Capital (%)
- -
12.49
14.15
16.91
21.2
- -
Return on Common Equity (%)
- -
15.38
17.69
21.29
25.54
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
345
- -
LT Borrowings
- -
1,076
- -
LT Finance Leases
- -
128
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
57
57
57
Market Capitalization
30,060
26,746
30,478

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
8,511
- -
Cash, Cash Equivalents & STI
- -
926
- -
Accounts Receivable, Net
- -
3,749
- -
Inventories
- -
3,174
- -
Total Current Liabilities
- -
5,238
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
345
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
23.28%
Free Cash Flow
- -
- -
320.77%
Net Income, GAAP
- -
- -
48.16%
Sales/Revenue/Turnover
- -
- -
24.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4,740
4,406
4,487
4,443
17,999
2026
4,929
5,863
5,696
6,067
22,464
2027
5,447
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.88
3.86
2.58
4.17
15.5
2026
5.12
5.58
4.94
7.33
22.96
2027
5.52
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
4.55
2027
- -
- -
- -
- -
- -

Company Description

CEO
Balaji Gopalan
Full Time Employees
1,800
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
B2/2 MIDC, Ranjangaon Pune MA India 412220
IPO Date
Dec 30, 2024
Business
Carraro India Ltd Carraro India Ltd (CARRARO.NS) manufactures axles, transmission systems, and gears for agricultural tractors and off-highway construction vehicles including backhoe loaders, compact wheel loaders, soil compactors, self-loading concrete mixers, telescopic boom handlers, cranes, and small motor graders; it also produces shafts, ring gears, and spare parts for industrial and automotive applications, with agricultural equipment accounting for 49.4% of turnover and construction equipment 38.4%. Headquartered in Pune, India, with manufacturing plants and an R&D center in the Ranjangaon area, the company operates primarily in the Indian market (62.5% of sales), followed by Europe (33.8%) and the Americas (3.1%), as part of the Italy-based Carraro Group; established in 1997 through a joint venture with Escorts Ltd., it supports OEM customers with in-house design, engineering, and full value-chain production capabilities. Recent developments include the 2024 acquisition of 99% shareholding in Carraro Technologies India Private Limited to bolster R&D, conversion to public limited company status with a fresh certificate of incorporation in August 2024 followed by an IPO in late 2024, launch of new axle ranges for telehandlers in September 2025, a major engineering services contract from Montra Electric in October 2025 for e-transaxle development in electric agricultural tractors, and Carraro Group's June 2025 announcement of Euro 350 million investment in India over 5-7 years including a new Pune plant to double capacity.