Tenneco Clean Air India Ltd
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain products for automotive applications.[1]
- Market Cap ₹ 23,005 Cr.
- Current Price ₹ 569
- High / Low ₹ 657 / 438
- Stock P/E 19.0
- Book Value ₹ 150
- Dividend Yield 0.00 %
- ROCE 22.4 %
- ROE 20.3 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 172% CAGR over last 5 years
Cons
- Tax rate seems low
- Earnings include an other income of Rs.903 Cr.
* 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 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 949 | 1,571 | 2,481 | 3,057 | 2,237 | 2,289 | |
| 902 | 1,390 | 2,167 | 2,667 | 1,769 | 1,818 | |
| Operating Profit | 47 | 181 | 314 | 390 | 468 | 471 |
| OPM % | 5% | 12% | 13% | 13% | 21% | 21% |
| 6 | 2 | 4 | 14 | 7 | 903 | |
| Interest | 13 | 11 | 16 | 21 | 15 | 16 |
| Depreciation | 30 | 41 | 45 | 51 | 49 | 48 |
| Profit before tax | 10 | 130 | 256 | 332 | 411 | 1,310 |
| Tax % | 28% | 26% | 26% | 27% | 26% | 8% |
| 7 | 96 | 190 | 244 | 306 | 1,203 | |
| EPS in Rs | 0.10 | 4.50 | 8.87 | 11.37 | 7.58 | 29.80 |
| Dividend Payout % | 0% | 0% | 51% | 79% | 148% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | -3% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 172% |
| 3 Years: | 85% |
| TTM: | 296% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 778 | 313 | 313 | 214 | 404 | 404 |
| Reserves | -470 | 91 | 125 | 121 | 5,470 | 5,634 |
| 113 | 40 | 8 | 11 | 16 | 16 | |
| 393 | 567 | 690 | 541 | 502 | 604 | |
| Total Liabilities | 814 | 1,011 | 1,137 | 886 | 6,392 | 6,659 |
| 286 | 305 | 296 | 286 | 275 | 245 | |
| CWIP | 25 | 3 | 6 | 13 | 3 | 4 |
| Investments | 0 | 0 | 0 | 0 | 5,474 | 5,474 |
| 503 | 704 | 835 | 587 | 640 | 935 | |
| Total Assets | 814 | 1,011 | 1,137 | 886 | 6,392 | 6,659 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 183 | 181 | 261 | 248 | 420 | 352 | |
| -96 | -1 | -45 | -38 | -29 | 886 | |
| -22 | -86 | -204 | -376 | -258 | -1,056 | |
| Net Cash Flow | 65 | 95 | 12 | -166 | 133 | 182 |
| Free Cash Flow | 122 | 146 | 229 | 197 | 401 | 328 |
| CFO/OP | 368% | 114% | 105% | 80% | 116% | 102% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 71 | 54 | 44 | 31 | 43 | 38 |
| Inventory Days | 44 | 50 | 40 | 26 | 24 | 29 |
| Days Payable | 0 | 135 | 102 | 69 | 96 | 127 |
| Cash Conversion Cycle | 115 | -31 | -18 | -11 | -29 | -60 |
| Working Capital Days | 92 | -25 | -12 | 0 | -6 | -8 |
| ROCE % | 33% | 61% | 89% | 14% | 22% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Business Segment Mix - Clean Air & Powertrain Solutions (% of VAR) % |
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| Capacity Utilization - Clean Air Cold Ends (Mufflers, Exhaust Pipes) % |
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| Capacity Utilization - Clean Air Hot Ends (Catalytic Converters) % |
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| Capacity Utilization - Struts & Shock Absorbers % |
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| Domestic vs Export Mix - Domestic (% of VAR) % |
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| Domestic vs Export Mix - Exports (% of VAR) % |
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| End Market Mix - Aftermarket (% of VAR) % |
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| End Market Mix - Commercial Vehicles (% of VAR) % |
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| End Market Mix - Industrial/Others (% of VAR) % |
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| End Market Mix - Passenger Vehicles (% of VAR) % |
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| Capacity Utilization - Bearings (Parwanoo) % |
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| Capacity Utilization - Spark Plugs (Bhiwadi) % |
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| Lifetime Order Book INR million |
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| Market Share by Segment and Vehicle Type (FY2025) % |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
23h - Submitted Regulation 74(5) depository certificate for quarter ended June 30, 2026.
-
Closure of Trading Window
26 Jun - Trading window closes July 1, 2026 until 48 hours after Q1 FY2026 results.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Jun - Audio recording of June 3, 2026 Q4 and FY2026 earnings call uploaded on website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2 Jun
Concalls
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Dec 2025Transcript PPT REC
Business Ownership[1]
The company is part of the U.S.-based Tenneco Group, a global Tier-1 supplier to major automotive OEMs and the aftermarket.