As of 6 Nov 2026, Carraro India trades at 20.8× trailing earnings, below the industry P/E of 25.6×, and the shares are 27% below their 52-week high. Its ROCE of 26% is the highest among the 7 largest Auto Parts peers, and sales and net profit grew 9.7% and 39% a year over 3 years. Its dividend yield is 1.4%, and debt is 0.27× equity. It is a small-cap company with a market cap of ₹2,769 Cr, ranked 51st of 140 Auto Parts companies by market cap; the shares fell 3.5% over the past year.
- ₹504.95
- ₹509.90
- ₹480.00
- ₹500.40
- 1.3 L
Health check
- ReturnsBehind
−3.5% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 20.8 vs industry 25.6.
- GrowthSteady
Sales +9.7%, profit +39.2% a year over 3 years.
- ProfitabilityStrong
ROCE 25.8% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.27× equity, interest covered 10.0×, Piotroski 8 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,769 Cr
- Small cap
- P/E
- 20.8
- Industry 25.6
- Price to book
- 4.90
- Peers 8.75
- Dividend yield
- 1.35%
- ROE
- 25.5%
- Peers 12.3%
- ROCE
- 25.8%
- Peers 15.6%
- Debt to equity
- 0.27
- Debt ₹155 Cr
- EPS (TTM)
- ₹23.37
- Face value ₹10
- OPM (TTM)
- 9.3%
- Net margin 5.8%
- Sales growth
- +10.5%
- Latest quarter vs a year ago
- Profit growth
- +7.8%
- Latest quarter vs a year ago
- Price to sales
- 1.20
- EV/EBITDA 13.1
Strengths and risks
Strengths
- Return on equity of 25.5%.
- Return on capital employed of 25.8%.
- Positive operating cash flow in each of the last 4 years.
About Carraro India
Carraro India Limited manufactures and sells automotive equipment, parts, and components in India and internationally. The company offers mechanical transmissions, clutches, hydraulic lifts and planetary drives, and axles for agricultural tractors; and construction equipment, including components, parts and spares, backhoe loaders, soil compactors, cranes, self-loading concrete mixers, and small motor graders. It also provides gears, shafts, and ring…
- Headquarters
- Pune
- Employees
- 908
- Sector
- Consumer Cyclical
- ISIN
- INE0V7W01012
- Website
- carraroindia.com
Price range
- Avg volume (3M)
- 1.3 L
- 1-year return
- minus 3.5%
- From 52-week high
- minus 27.0%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.30% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 63.3 | 10.07 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.51% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.39% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.98% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.3% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| CARRAROCarraro India | 487.00 | minus 2.68% | 2,769 | 20.8 | 4.90 | 25.8% | 25.5% | 9.3% | 9.7% | 39.2% | 1.35% | minus 3.5% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.39% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 493 | 586 | 570 | 607 | 545 | |
| 445 | 534 | 514 | 543 | 501 | |
| 47.8 | 52.4 | 55.2 | 63.4 | 43.9 | |
| 9.7% | 8.9% | 9.7% | 10.5% | 8.1% | |
| 7 | 6.8 | 7.2 | 7.5 | 14 | |
| 5.2 | 5.2 | 4.3 | 4.8 | 4.4 | |
| 11.2 | 11.5 | 11.7 | 11.3 | 11.4 | |
| – | – | −9.5 | – | – | |
| 38.4 | 42.5 | 36.9 | 54.9 | 42 | |
| 24.2% | 25.4% | 24.0% | 24.1% | 25.3% | |
| 29.1 | 31.7 | 28.1 | 41.7 | 31.4 | |
| 5.12 | 5.58 | 4.94 | 7.33 | 5.52 |
Profit & loss
- Sales CAGR 3Y
- +9.7%
- Profit CAGR 3Y
- +39.2%
- EPS CAGR 3Y
- +39.1%
- ROE
- 25.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,704 | 1,780 | 1,800 | 2,246 | |
| – | +4.5% | +1.1% | +24.8% | |
| 1,581 | 1,630 | 1,614 | 2,006 | |
| 123 | 150 | 186 | 240 | |
| 7.2% | 8.4% | 10.3% | 10.7% | |
| −0 | −0.9 | −1.3 | 5.6 | |
| 19.3 | 22.1 | 21.9 | 19.2 | |
| 39.4 | 43.1 | 45.2 | 45.7 | |
| 1.3 | 0.8 | 1.1 | −8.1 | |
| 65.6 | 84.4 | 119 | 173 | |
| 26.1% | 25.8% | 25.7% | 24.4% | |
| 48.4 | 62.5 | 88.1 | 131 | |
| – | +29.1% | +40.9% | +48.2% | |
| 8.52 | 11.00 | 15.50 | 22.96 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 56.9 | 56.9 | 56.9 | 56.9 | |
| 281 | 313 | 401 | 508 | |
| 192 | 216 | 191 | 155 | |
| 543 | 487 | 459 | 549 | |
| 1,072 | 1,073 | 1,107 | 1,269 | |
| 314 | 332 | 355 | 352 | |
| 11.2 | 6.5 | 1.2 | 0.3 | |
| 0.2 | 0.2 | 0.2 | 0 | |
| 105 | 104 | 68.3 | 90.4 | |
| 642 | 631 | 683 | 826 | |
| 1,072 | 1,073 | 1,107 | 1,269 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 80.2 | 112 | 76.3 | 135 | |
| −61.8 | −84.7 | −50.5 | −30.4 | |
| −15.5 | −30.2 | −59.8 | −88.9 | |
| 3 | −2.7 | −34.1 | 15.2 | |
| −63.2 | −86.3 | −52 | −32.2 | |
| 17 | 25.8 | 24.3 | 102 | |
| −5 | −30.9 | – | −25.9 |
Shareholding pattern
- Promoters68.77%
- Public31.23%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.77% | 31.23% | 0.00 | |
| 30 Jun 2026 | 68.77% | 31.23% | 0.00 | |
| 31 Mar 2026 | 68.77% | 31.23% | 0.00 | |
| 31 Dec 2025 | 68.77% | 31.23% | 0.00 | |
| 30 Sep 2025 | 68.77% | 31.23% | – |
Major shareholders
Filings & events
News
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