Sharescart Research Club logo

Carraro India Overview

​Established in 1997, Carraro India Limited is a subsidiary of Italy\'s Carraro International S.E. The company specializes in manufacturing transmission systems—including axles, drives, and gears—for agricultural and construction vehicles. Operating from two advanced manufacturing facilities in Pune, Maharashtra, Carraro India offers a diverse product range, including axles and transmission systems for agricultural tractors, gears for construction vehicles like backhoe loaders and forklifts, as well as gears, shafts, and ring gears for in...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Carraro India Key Financials

Market Cap ₹3091 Cr.

Stock P/E 35.1

P/B 5.9

Current Price ₹543.8

Book Value ₹ 91.6

Face Value 10

52W High ₹666

Dividend Yield 0.84%

52W Low ₹ 324.9

Carraro India Share Price

₹ | |

Volume
Price

Carraro India Quarterly Price

Show Value Show %

Carraro India Peer Comparison

Carraro India Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 435 393 474 441 449 444 493 586 570
Other Income 5 3 4 5 4 4 7 7 7
Total Income 440 396 478 445 453 448 500 593 577
Total Expenditure 397 355 424 398 416 399 445 534 514
Operating Profit 43 41 54 47 36 49 55 59 62
Interest 6 6 5 7 5 5 5 5 4
Depreciation 11 11 11 11 11 12 11 12 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -10
Profit Before Tax 26 25 37 29 20 32 38 43 37
Provision for Tax 6 6 10 7 5 8 9 11 9
Profit After Tax 19 18 28 22 15 24 29 32 28
Adjustments -0 -0 -0 -0 -0 -0 -0 -0 -0
Profit After Adjustments 19 18 28 22 15 24 29 32 28
Adjusted Earnings Per Share 3.4 3.2 4.9 3.9 2.6 4.2 5.1 5.6 4.9

Carraro India Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1498 1713 1789 1808 2093
Other Income 23 20 18 16 25
Total Income 1520 1733 1807 1823 2118
Total Expenditure 1437 1608 1657 1637 1892
Operating Profit 83 125 150 186 225
Interest 16 20 22 23 19
Depreciation 36 39 43 45 47
Exceptional Income / Expenses 0 0 0 0 -10
Profit Before Tax 31 66 84 119 150
Provision for Tax 8 17 22 31 37
Profit After Tax 22 48 63 88 113
Adjustments -0 -0 -0 -0 0
Profit After Adjustments 22 48 63 88 113
Adjusted Earnings Per Share 3.9 8.5 11 15.5 19.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 6% 0% 0%
Operating Profit CAGR 24% 31% 0% 0%
PAT CAGR 40% 59% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 64% NA% NA% NA%
ROE Average 21% 18% 16% 16%
ROCE Average 23% 20% 17% 17%

Carraro India Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 292 337 370 458
Minority's Interest 0 0 0 0
Borrowings 86 131 122 131
Other Non-Current Liabilities 197 211 254 272
Total Current Liabilities 598 571 532 481
Total Liabilities 1174 1250 1279 1342
Fixed Assets 281 307 354 380
Other Non-Current Assets 211 211 253 247
Total Current Assets 682 733 671 715
Total Assets 1174 1250 1279 1342

Carraro India Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 59 104 105 104
Cash Flow from Operating Activities 96 80 112 76
Cash Flow from Investing Activities -59 -62 -85 -51
Cash Flow from Financing Activities 9 -15 -30 -60
Net Cash Inflow / Outflow 45 3 -3 -34
Closing Cash & Cash Equivalent 104 105 104 68

Carraro India Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.94 8.52 11 15.5
CEPS(Rs) 10.26 15.46 18.59 23.45
DPS(Rs) 0 0.88 3.87 4.55
Book NAV/Share(Rs) 51.45 59.34 65.05 80.55
Core EBITDA Margin(%) 4.03 6.11 7.39 9.41
EBIT Margin(%) 3.14 4.98 5.96 7.79
Pre Tax Margin(%) 2.05 3.83 4.71 6.55
PAT Margin (%) 1.5 2.83 3.49 4.86
Cash Profit Margin (%) 3.9 5.13 5.9 7.36
ROA(%) 1.91 4 4.95 6.73
ROE(%) 7.67 15.39 17.69 21.29
ROCE(%) 9.98 17.14 19.27 23.22
Receivable days 62.65 59.7 55.62 53.76
Inventory Days 57.68 52.41 55.18 58.92
Payable days 139.44 122.56 110.16 99.27
PER(x) 0 0 0 19.94
Price/Book(x) 0 0 0 3.84
Dividend Yield(%) 0 0 0 1.47
EV/Net Sales(x) 0.09 0.08 0.09 1.03
EV/Core EBITDA(x) 1.58 1.12 1.11 10
Net Sales Growth(%) 0 14.4 4.43 1.04
EBIT Growth(%) 0 81.82 25.16 32.18
PAT Growth(%) 0 116.08 29.11 40.88
EPS Growth(%) 0 116.17 29.11 40.89
Debt/Equity(x) 0.61 0.56 0.58 0.38
Current Ratio(x) 1.14 1.28 1.26 1.49
Quick Ratio(x) 0.74 0.84 0.72 0.87
Interest Cover(x) 2.89 4.31 4.75 6.25
Total Debt/Mcap(x) 0 0 0 0.1

Carraro India Shareholding Pattern

# Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 68.77 68.77 68.77 68.77 68.77 68.77 68.77
FII 3.52 3.52 4.02 3.69 3.59 2.72 3.01
DII 16.99 17.53 17.03 16.61 17.05 17.12 17.53
Public 10.72 10.18 10.18 10.92 10.59 11.39 10.69
Others 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100

Carraro India News

Carraro India Pros & Cons

Pros

  • Debtor days have improved from 110.16 to 99.27days.
  • Company is almost debt free.

Cons

  • Stock is trading at 5.9 times its book value.
whatsapp