Carraro India Ltd.

NSE: CARRARO · Auto Components & Equipments

52W Range₹405 ₹668

Snapshot

Unlock Carraro India Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Carraro India Limited is a manufacturer of automotive components and equipment, specialising in transmission systems, axles, and hydraulic components for agricultural and construction machinery. The company serves both domestic and international markets, operating as a subsidiary of the global Carraro International S.E. group.

Business Model

The company generates revenue through the design, manufacture, and sale of specialised mechanical and hydraulic components for original equipment manufacturers (OEMs) in the tractor and construction sectors. It leverages its parent company's global technical expertise to provide high-precision engineering solutions for industrial and material handling applications.

  • Incorporation Year:1997

Growth Outlook

Growth is primarily driven by the increasing mechanisation of the Indian agricultural sector and rising demand for infrastructure development equipment. The company is well-positioned to benefit from the expansion of its parent group's global supply chain and the localisation of high-end transmission technologies.

Key Risks

  • Cyclical Demand. The company's performance is highly sensitive to the cyclical nature of the agricultural and construction equipment industries.
  • Input Cost Volatility. Fluctuations in the prices of raw materials, particularly steel and other metals, can significantly impact manufacturing margins.
  • Parent Dependency. As a subsidiary of Carraro International S.E., the company's strategic direction and operational efficiency are closely linked to the global group's performance and policies.
  • Technological Obsolescence. Rapid advancements in automotive and industrial transmission technologies require continuous capital expenditure to remain competitive.

Price

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Key Metrics

P/E

24.8x

Q4 FY26 · consolidated

24.8 vs 29.1x5Y avg

EV/EBITDA

13.3x

Q4 FY26 · consolidated

13.3 vs 15.1x5Y avg

NET PROFIT MARGIN

6.9%

Q4 FY26 · consolidated

+1.6 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

-0.13xYoY

Peers · Auto Components & Equipments

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Carraro India Ltd.CARRARO
2,51824.8013.2911.0%26.9%28.4%+27.8%
Steel Strips Wheels LimitedSSWL
2,86621.929.7217.0%9.9%11.4%18.2%+5.9%
Sandhar Technologies LimitedSANDHAR
2,76918.678.9724.9%10.6%16.7%19.8%+17.8%
Wheels IndiaWHEELS
2,50023.379.8915.2%8.0%16.6%23.8%+83.5%
Automotive Axles LimitedAUTOAXLES
2,40516.9010.174.8%12.4%16.3%21.5%+1.6%
NRB BearingsNRBBEARING
2,24928.6115.7711.4%20.0%15.7%21.0%+40.1%

As of Q4 FY26

Financials