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15 Days Price Change

Carraro India IPO

Closing In

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WEBSITE Inc. Year: 1997 Industry: Auto Ancillary Listed Page

Profile
Issue Size --
Profile
Price Range 668  to  704 per share
Profile
Min Investment ₹704
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Carraro India Limited is a subsidiary of Carraro Group, an international leader in the design, manufacturing, and supply of drivetrain systems and components for the agricultural, construction, and industrial sectors. Based in India, Carraro India focuses on producing high-quality transmission systems, axles, and gears for off-highway vehicles. The company serves a wide range of industries, including agriculture, construction, and automotive, offering both standard and customized solutions to meet the specific needs of its clients. Carraro India is known for its advanced manufacturing capabilities, innovation, and commitment to sustainability. With strong technical expertise and a global network, Carraro India plays a key role in the Carraro Group's mission to deliver efficient, durable, and reliable products to its customers worldwide. The company emphasizes quality, precision engineering, and continuous improvement to maintain its competitive edge in the global market. Read More

Basic Info

Face Value 10 per share

Price 668  to  704 per share

P/E (x) 45.4

Sales( Cr.) 1808

PAT( Cr.) 88

EPS 15.5

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Tomaso Carraro Enrico Carraro Carraro S.p.A Carraro International S.E .

Pre Issue Share Holding 100%

Post Issue Share Holding 27.12%

Listing Details:

Listing Price: 660

Listing Gain: -6.67%

Current Price: 543.6

Gain On Issue: 543.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 20, 2024
Closing Date Dec 24, 2024
Allotment Dec 25, 2024
Refund Dec 26, 2024
Delivery of Shares Dec 26, 2024
Listing Date Dec 27, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 21 14,784
Retail (Max) 13 273 192,192
S-HNI (Min) 14 294 206,976
S-HNI (Max) 67 1407 990,528
B-HNI (Min) 68 1428 1,005,312

Objective of the Issue

The Company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.

Issue

Category Nos Bid Bid (x)
QIB 8877840 20685367 2.3x
NII 2663352 1677912 0.6x
Retail 6214488 4660866 0.8x
EMP 0 0 0x
Total 17755680 20951702 1.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Carraro India Profit & Loss

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

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

Sihora Industries 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 17% NA% NA% NA%
ROE Average 21% 18% 16% 16%
ROCE Average 23% 20% 17% 17%

Company Contact Information

Carraro India Ltd.

B2/ 2 M I D C Ranjangaon

IPO Lead Manager(s)

Carraro India Ltd.

BNP Paribas

Nuvama Wealth Management Ltd.

Axis Bank Limited

Registrar Info

Carraro India Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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