Carraro India Ltd

Carraro India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Carraro India Ltd

₹ 555 -8.78%
27 May - close price
carraroindia.com BSE: 544320 NSE: CARRARO
About

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

Key Points

Business Profile[1]
Carraro India Limited (CIL) is a part of the Italy-headquartered Carraro Group (90+ years legacy) and operates as an independent Tier-1 supplier of axles, transmission systems, gears, and driveline solutions for off-highway vehicles. The company primarily caters to agricultural equipment and construction equipment OEMs.

Website BSE NSE
  • Market Cap ₹ 3,156 Cr.
  • Current Price ₹ 555
  • High / Low ₹ 668 / 401
  • Stock P/E 22.9
  • Book Value ₹ 99.3
  • Dividend Yield 0.82 %
  • ROCE 29.5 %
  • ROE 26.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

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.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
435 393 474 441 449 444 493 586 570 607
397 355 424 398 416 399 445 534 514 543
Operating Profit 38 38 50 43 32 45 48 52 55 63
OPM % 9% 10% 11% 10% 7% 10% 10% 9% 10% 10%
5 3 4 5 4 4 7 7 -2 8
Interest 6 6 5 7 5 5 5 5 4 5
Depreciation 11 11 11 11 11 12 11 12 12 11
Profit before tax 26 25 37 29 20 32 38 43 37 55
Tax % 25% 26% 26% 25% 26% 26% 24% 25% 24% 24%
19 18 28 22 15 24 29 32 28 42
EPS in Rs 3.41 3.20 4.88 3.86 2.58 4.17 5.12 5.58 4.94 7.33
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,498 1,713 1,789 1,808 2,255
1,437 1,608 1,657 1,637 2,037
Operating Profit 60 105 132 171 219
OPM % 4% 6% 7% 9% 10%
23 20 18 16 19
Interest 16 20 22 23 19
Depreciation 36 39 43 45 46
Profit before tax 31 66 84 119 173
Tax % 27% 26% 26% 26% 24%
22 48 63 88 131
EPS in Rs 3.94 8.52 11.00 15.50 22.97
Dividend Payout % 22% 45% 0% 29% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 43%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 20%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 22%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 57 57 57 57 57
Reserves 236 281 313 401 508
182 192 216 191 155
537 543 487 459 549
Total Liabilities 1,012 1,072 1,073 1,107 1,269
281 307 354 380 376
CWIP 10 9 0 0 0
Investments 0 0 0 0 0
720 757 718 728 893
Total Assets 1,012 1,072 1,073 1,107 1,269

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
96 80 112 76
-60 -64 -83 -52
9 -15 -30 -60
Net Cash Flow 44 1 -1 -35
Free Cash Flow 36 17 27 25
CFO/OP 174% 95% 106% 61%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 63 65 50 59 61
Inventory Days 77 73 80 83 70
Days Payable 139 122 101 97 93
Cash Conversion Cycle 0 15 28 45 38
Working Capital Days -5 12 7 33 38
ROCE % 17% 19% 23% 29%

Insights

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Capacity Utilisation - Drivelines Plant
%
Market Share - Non-Captive Agriculture Tractor 4WD Axles (>40HP)
%
Market Share - Non-Captive Construction Vehicle Transmission
%
Axle Production Volume
Units
Capacity Utilisation - Gears Plant
%
Gears Production Volume
Million Units
Revenue Contribution - Agriculture Segment
%
Revenue Contribution - Construction Segment
%
Transmission Systems Production Volume
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
68.77% 68.77% 68.77% 68.77% 68.77% 68.77%
3.52% 4.02% 3.69% 3.59% 2.72% 3.01%
17.53% 17.03% 16.62% 17.05% 17.11% 17.53%
10.18% 10.18% 10.93% 10.59% 11.39% 10.68%
No. of Shareholders 1,51,0111,20,8551,11,8491,04,85897,09691,082

* 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls