Carraro India Ltd

Carraro India Ltd

₹ 533 -1.89%
20 Nov 1:38 p.m.
About

Incorporated in 1997, Carraro India Ltd manufactures axles and transmission systems for agricultural tractors and construction vehicles[1]

Key Points

Business Overview:[1]
CIL manufactures mechanical transmissions, dutches, hydraulic lifts, planetary drives, axles for agricultural and construction equipment including components, parts and spares, etc.

  • Market Cap 3,028 Cr.
  • Current Price 533
  • High / Low 692 / 253
  • Stock P/E 31.4
  • Book Value 88.7
  • Dividend Yield 0.84 %
  • ROCE 21.8 %
  • ROE 20.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 45.2% CAGR over last 5 years

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
431 389 470 437 445 441 489 582
393 352 421 395 414 397 443 531
Operating Profit 37 37 49 42 31 44 47 51
OPM % 9% 10% 10% 10% 7% 10% 10% 9%
5 2 4 5 4 4 7 7
Interest 6 6 5 7 5 5 5 5
Depreciation 11 10 10 11 11 11 11 11
Profit before tax 26 24 37 29 19 31 38 41
Tax % 25% 26% 26% 25% 26% 26% 24% 25%
19 18 27 22 14 23 29 31
EPS in Rs 3.39 3.09 4.81 3.80 2.49 4.06 5.01 5.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
993 1,062 1,500 1,695 1,770 1,792 1,956
938 1,007 1,430 1,594 1,642 1,626 1,784
Operating Profit 55 55 70 101 128 166 172
OPM % 6% 5% 5% 6% 7% 9% 9%
10 3 3 20 17 16 22
Interest 18 18 16 20 22 22 21
Depreciation 32 33 34 38 41 43 44
Profit before tax 15 7 24 63 82 116 129
Tax % 10% 32% 28% 26% 26% 26%
13 4 17 47 61 86 96
EPS in Rs 2.37 0.78 3.00 8.23 10.66 15.16 16.94
Dividend Payout % 0% 0% 29% 47% 0% 30%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 6%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: 72%
TTM: 12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 13%
3 Years: 17%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 57 57 57 57 57 57 57
Reserves 222 226 243 289 328 415 447
231 152 178 188 214 189 170
352 448 509 512 458 452 511
Total Liabilities 862 884 987 1,046 1,056 1,113 1,185
257 255 275 290 351 377 376
CWIP 0 3 10 21 0 0 0
Investments 0 0 0 0 0 24 24
605 626 702 735 706 712 785
Total Assets 862 884 987 1,046 1,056 1,113 1,185

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
64 69 75 72 107 95
-46 -34 -59 -64 -84 -76
52 -97 24 -12 -18 -59
Net Cash Flow 69 -62 41 -4 5 -40

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 92 61 64 49 58
Inventory Days 88 87 76 73 80 83
Days Payable 150 178 139 122 102 97
Cash Conversion Cycle 9 0 -2 15 27 44
Working Capital Days -14 12 -3 16 12 33
ROCE % 5% 8% 16% 18% 22%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2024Mar 2025Jun 2025Sep 2025
68.77% 68.77% 68.77% 68.77%
3.52% 4.02% 3.69% 3.59%
17.53% 17.03% 16.62% 17.05%
10.18% 10.18% 10.93% 10.59%
No. of Shareholders 1,51,0111,20,8551,11,8491,04,858

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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