Carraro India Ltd
Incorporated in 1997, Carraro India Ltd manufactures axles and transmission systems for agricultural tractors and construction vehicles[1]
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19h - Carraro India Limited has informed regarding Transcript of the Earnings call held on 17th November, 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of 17 Nov 2025 earnings call for quarter/half year ended 30 Sep 2025 available online.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Carraro India Limited has informed regarding Newspaper Advertisement of the unaudited financial results for the quarter and half-year ended 30th September 2025, published in the …
- Unaudited Financial Results For The Quarter And Half Year Ended 30Th September, 2025 14 Nov
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
14 Nov - Nakul S. Patil resigns as Company Secretary & Compliance Officer; resignation dated 04‑Sep‑2025, relieved 20‑Nov‑2025.
Concalls
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
Business Overview:[1]
CIL manufactures mechanical transmissions, dutches, hydraulic lifts, planetary drives, axles for agricultural and construction equipment including components, parts and spares, etc.