Carraro India Ltd
Incorporated in 1997, Carraro India Ltd manufactures axles and transmission systems for agricultural tractors and construction vehicles[1]
- Market Cap ₹ 3,015 Cr.
- Current Price ₹ 530
- High / Low ₹ 590 / 253
- Stock P/E 30.4
- Book Value ₹ 86.6
- Dividend Yield 0.86 %
- ROCE 22.7 %
- ROE 21.1 %
- Face Value ₹ 10.0
Pros
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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1,498 | 1,713 | 1,789 | 1,808 | 1,972 | |
| 1,437 | 1,608 | 1,657 | 1,637 | 1,794 | |
| Operating Profit | 60 | 105 | 132 | 171 | 178 |
| OPM % | 4% | 6% | 7% | 9% | 9% |
| 23 | 20 | 18 | 16 | 22 | |
| Interest | 16 | 20 | 22 | 23 | 21 |
| Depreciation | 36 | 39 | 43 | 45 | 46 |
| Profit before tax | 31 | 66 | 84 | 119 | 133 |
| Tax % | 27% | 26% | 26% | 26% | |
| 22 | 48 | 63 | 88 | 99 | |
| EPS in Rs | 3.94 | 8.52 | 11.00 | 15.50 | 17.45 |
| Dividend Payout % | 22% | 45% | 0% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 57 | 57 | 57 | 57 | 57 |
| Reserves | 236 | 281 | 313 | 401 | 436 |
| 182 | 192 | 216 | 191 | 183 | |
| 537 | 543 | 487 | 459 | 505 | |
| Total Liabilities | 1,012 | 1,072 | 1,073 | 1,107 | 1,181 |
| 281 | 307 | 354 | 380 | 378 | |
| CWIP | 10 | 9 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 720 | 757 | 718 | 728 | 803 | |
| Total Assets | 1,012 | 1,072 | 1,073 | 1,107 | 1,181 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 96 | 80 | 112 | 76 | |
| -60 | -64 | -83 | -52 | |
| 9 | -15 | -30 | -60 | |
| Net Cash Flow | 44 | 1 | -1 | -35 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 63 | 65 | 50 | 59 |
| Inventory Days | 77 | 73 | 80 | 83 |
| Days Payable | 139 | 122 | 101 | 97 |
| Cash Conversion Cycle | 0 | 15 | 28 | 45 |
| Working Capital Days | -5 | 12 | 7 | 33 |
| ROCE % | 17% | 19% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Jan - Carraro India Limited has informed about schedule of Earnings Conference Call on Thursday, 12th February, 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jan - Carraro India Limited has informed about certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 ("DP Regulations) for the quarter ended 31st …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 Dec - Carraro India Limited has informed about schedule of the analyst/investor meet.
- Closure of Trading Window 23 Dec
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Board Meeting Intimation for Approval Of Unaudited Financial Results (Both Standalone And Consolidated), For The Quarter Ending On 31St December, 2025 ("Financial Results")
23 Dec - Board meeting 11 Feb 2026 to approve unaudited Q3 results; trading window closed 1 Jan–13 Feb 2026.
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.