About
Carraro India Limited manufactures and sells off-highway 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 axles and transmission systems of various HP ranges for off-highway vehicles in the agricultural tractor and construction vehicle sectors; portal, planetary, steering, rigid, and hypoid axles; gears, shafts and ring gears for industrial and automotive vehicles; engineering services; and aftermarket solutions. The company was incorporated in 1997 and is based in Pune, India. Carraro India Limited operates as a subsidiary of Carraro International S.E.
Key Metrics
as of Sep 2026Market Cap3,034 Cr
P/E21.70
Div Yield1.26 %
Book Value₹99.30
52w High₹668.00
52w Low₹416.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 540.00 | 603.00 | 565.00 | 582.00 | 489.00 | 441.00 | 445.00 | 437.00 | 470.00 | 389.00 | 431.00 |
| Expenses | 498.00 | 541.00 | 511.00 | 531.00 | 443.00 | 397.00 | 414.00 | 395.00 | 421.00 | 352.00 | 393.00 |
| Operating Profit | 42.00 | 62.00 | 54.00 | 51.00 | 47.00 | 44.00 | 31.00 | 42.00 | 49.00 | 37.00 | 37.00 |
| OPM % | 8.00 | 10.00 | 10.00 | 9.00 | 10.00 | 10.00 | 7.00 | 10.00 | 10.00 | 10.00 | 9.00 |
| Other Income | 14.00 | 8.00 | -2.00 | 7.00 | 7.00 | 4.00 | 4.00 | 5.00 | 4.00 | 2.00 | 5.00 |
| Depreciation | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 | 11.00 |
| Interest | 4.00 | 5.00 | 4.00 | 5.00 | 5.00 | 5.00 | 5.00 | 7.00 | 5.00 | 6.00 | 6.00 |
| Profit before tax | 41.00 | 54.00 | 37.00 | 41.00 | 38.00 | 31.00 | 19.00 | 29.00 | 37.00 | 24.00 | 26.00 |
| Tax % | 25.00 | 24.00 | 24.00 | 25.00 | 24.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 25.00 |
| Net Profit | 31.00 | 41.00 | 28.00 | 31.00 | 29.00 | 23.00 | 14.00 | 22.00 | 27.00 | 18.00 | 19.00 |
| EPS in Rs | 5.39 | 7.22 | 4.90 | 5.38 | 5.01 | 4.06 | 2.49 | 3.80 | 4.81 | 3.09 | 3.39 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Sales | 2,239.00 | 1,792.00 | 1,770.00 | 1,695.00 | 1,500.00 | 1,062.00 | 993.00 |
| Expenses | 2,026.00 | 1,626.00 | 1,642.00 | 1,594.00 | 1,430.00 | 1,007.00 | 938.00 |
| Operating Profit | 213.00 | 166.00 | 128.00 | 101.00 | 70.00 | 55.00 | 55.00 |
| OPM % | 10.00 | 9.00 | 7.00 | 6.00 | 4.70 | 5.00 | 6.00 |
| Other Income | 20.00 | 16.00 | 17.00 | 20.00 | 3.00 | 3.00 | 10.00 |
| Interest | 19.00 | 22.00 | 22.00 | 20.00 | 16.00 | 18.00 | 18.00 |
| Depreciation | 44.00 | 43.00 | 41.00 | 38.00 | 34.00 | 33.00 | 32.00 |
| Profit before tax | 169.00 | 116.00 | 82.00 | 63.00 | 24.00 | 7.00 | 15.00 |
| Tax % | 24.00 | 26.00 | 26.00 | 26.00 | 28.00 | 32.00 | 10.00 |
| Net Profit | 128.00 | 86.00 | 61.00 | 47.00 | 17.00 | 4.00 | 13.00 |
| EPS in Rs | 22.51 | 15.16 | 10.66 | 8.23 | 3.00 | 0.78 | 2.37 |
| Dividend Payout % | 30.00 | 30.00 | 0.00 | 47.00 | 29.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 |
| Reserves | 519.00 | 415.00 | 328.00 | 289.00 | 243.00 | 226.00 | 222.00 |
| Borrowings | 155.00 | 189.00 | 214.00 | 188.00 | 178.00 | 152.00 | 231.00 |
| Other Liabilities | 542.00 | 452.00 | 458.00 | 512.00 | 509.00 | 448.00 | 352.00 |
| Total Liabilities | 1,273.00 | 1,113.00 | 1,056.00 | 1,046.00 | 987.00 | 884.00 | 862.00 |
| Fixed Assets | 374.00 | 377.00 | 351.00 | 290.00 | 275.00 | 255.00 | 257.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 21.00 | 10.00 | 3.00 | 0.00 |
| Investments | 24.00 | 24.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 874.00 | 712.00 | 706.00 | 735.00 | 702.00 | 626.00 | 605.00 |
| Total Assets | 1,273.00 | 1,113.00 | 1,056.00 | 1,046.00 | 987.00 | 884.00 | 862.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 131.00 | 95.00 | 107.00 | 72.00 | 75.00 | 69.00 | 64.00 |
| Cash from Investing Activity | -24.00 | -76.00 | -84.00 | -64.00 | -59.00 | -34.00 | -46.00 |
| Cash from Financing Activity | -88.00 | -59.00 | -18.00 | -12.00 | 24.00 | -97.00 | 52.00 |
| Net Cash Flow | 20.00 | -40.00 | 5.00 | -4.00 | 41.00 | -62.00 | 69.00 |
| Free Cash Flow | 99.00 | 43.00 | 22.00 | 565.00 | 17.00 | 33.00 | 16.00 |
| CFO/OP % | 83.00 | 73.00 | 104.00 | 90.00 | 118.00 | 131.00 | 138.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 60.00 | 58.00 | 49.00 | 64.00 | 61.00 | 92.00 | 71.00 |
| Inventory Days | 70.00 | 83.00 | 80.00 | 73.00 | 76.00 | 87.00 | 88.00 |
| Days Payable | 93.00 | 97.00 | 102.00 | 122.00 | 139.00 | 178.00 | 150.00 |
| Cash Conversion Cycle | 38.00 | 44.00 | 27.00 | 15.00 | -2.00 | 0.00 | 9.00 |
| Working Capital Days | 38.00 | 33.00 | 12.00 | 16.00 | -3.00 | 12.00 | -14.00 |
| ROCE % | 28.00 | 22.00 | 18.00 | 16.00 | 8.00 | 5.00 | — |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Sep 2025 | 03 Sep 2025 | — | 4.55 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update15 Apr 2025 from fitch
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Rating update17 Oct 2022 from fitch
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Rating update3 Aug 2021 from fitch
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Rating update18 Jun 2020 from fitch
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Rating update29 Mar 2019 from fitch
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Rating update5 Feb 2018 from fitch