CARRARO

Carraro India Limited

Driveline systems for agricultural tractors and construction equipment

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

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Key metrics

Price as of 2026-10-16

Stock price
₹504.00
Market cap
2,865 Cr
Stock P/E
21.6
P/B
5.08
Dividend yield
0.9%
ROE (FY26)
23.1%
ROCE (FY26)
27.2%
Operating margin (FY26)
7.7%
Debt / equity (FY26)
0.25
OCF / EBITDA (FY26)
61.5%
OCF / EBITDA (3Y)
61.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Carraro India makes driveline systems (axles, gears and transmissions) for tractor and construction-equipment makers, selling mostly to Indian manufacturers and exporting the rest.

Company snapshot

50thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓Debt-to-equity of 0.25x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales449 Cr444 Cr493 Cr586 Cr570 Cr607 Cr545 Cr
Operating expenses (approx.)416 Cr399 Cr445 Cr534 Cr514 Cr543 Cr501 Cr
EBITDA32 Cr45 Cr48 Cr52 Cr55 Cr63 Cr44 Cr
OPM %7.2%10.2%9.7%8.9%9.7%10.5%8.1%
Other income4 Cr4 Cr7 Cr7 Cr7 Cr8 Cr14 Cr
Interest5 Cr5 Cr5 Cr5 Cr4 Cr5 Cr4 Cr
Depreciation11 Cr12 Cr11 Cr12 Cr12 Cr11 Cr11 Cr
Profit before tax20 Cr32 Cr38 Cr43 Cr37 Cr55 Cr42 Cr
Tax %25.5%26.0%24.2%25.4%24.0%24.1%25.3%
Net profit15 Cr24 Cr29 Cr32 Cr28 Cr42 Cr31 Cr
EPS (₹)₹2.58₹4.17₹5.12₹5.58₹4.94₹7.33₹5.52

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,498 Cr1,713 Cr1,789 Cr1,808 Cr2,255 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,437 Cr1,608 Cr1,657 Cr1,637 Cr2,037 CrSign in free for the trailing twelve months
EBITDA60 Cr105 Cr132 Cr171 Cr219 CrSign in free for the trailing twelve months
OPM %4.0%6.1%7.4%9.4%9.7%Sign in free for the trailing twelve months
Other income23 Cr20 Cr18 Cr16 Cr29 CrSign in free for the trailing twelve months
Interest16 Cr20 Cr22 Cr23 Cr19 CrSign in free for the trailing twelve months
Depreciation36 Cr39 Cr43 Cr45 Cr46 CrSign in free for the trailing twelve months
Profit before tax31 Cr66 Cr84 Cr119 Cr173 CrSign in free for the trailing twelve months
Tax %27.0%26.1%25.8%25.7%24.4%Sign in free for the trailing twelve months
Net profit22 Cr48 Cr63 Cr88 Cr131 CrSign in free for the trailing twelve months
EPS (₹)₹3.94₹8.52₹11.00₹15.50₹22.96Sign in free for the trailing twelve months
Dividend payout %———0.0%19.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital57 Cr57 Cr57 Cr57 Cr57 Cr
Reserves236 Cr281 Cr313 Cr401 Cr508 Cr
Borrowings178 Cr188 Cr213 Cr175 Cr141 Cr
Other liabilities542 Cr547 Cr490 Cr474 Cr563 Cr
Total liabilities1,012 Cr1,072 Cr1,073 Cr1,107 Cr1,269 Cr
Fixed assets (net)260 Cr287 Cr312 Cr354 Cr351 Cr
CWIP10 Cr9 Cr—0 Cr0.25 Cr
Investments———0 Cr0 Cr
Inventories237 Cr255 Cr286 Cr299 Cr317 Cr
Trade receivables257 Cr303 Cr243 Cr291 Cr375 Cr
Cash & bank104 Cr105 Cr104 Cr68 Cr90 Cr
Other assets145 Cr112 Cr128 Cr96 Cr135 Cr
Total assets1,012 Cr1,072 Cr1,073 Cr1,107 Cr1,269 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity96 Cr80 Cr112 Cr76 Cr135 Cr
Cash from investing-59 Cr-62 Cr-85 Cr-51 Cr-30 Cr
Cash from financing9 Cr-15 Cr-30 Cr-60 Cr-89 Cr
Net cash flow45 Cr3 Cr-3 Cr-35 Cr22 Cr
Free cash flow (OCF − Capex)36 Cr17 Cr26 Cr24 Cr102 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.0%16.2%18.3%22.3%27.2%
ROE %7.7%14.4%16.9%19.2%23.1%
Debtor days6264505961
Inventory days7672788370
Days payable1371211009793
Cash conversion cycle116284438
OCF / EBITDA %158.8%76.6%84.7%44.7%61.5%
OCF / EBITDA % (3 years)——96.9%65.9%61.9%
Debt / equity0.610.560.570.380.25
Current ratio1.141.291.261.521.62
Net debt / EBITDA1.230.800.820.630.23