Price
Financials
Standalone, Rs crore| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 431 | 389 | 470 | 437 | 445 | 441 | 489 | 582 | 565 | 603 | 540 |
| Expenses | 393 | 352 | 421 | 395 | 414 | 397 | 443 | 531 | 511 | 541 | 498 |
| Operating Profit | 37 | 37 | 49 | 42 | 31 | 44 | 47 | 51 | 54 | 62 | 42 |
| OPM % | 9% | 10% | 10% | 10% | 7% | 10% | 10% | 9% | 10% | 10% | 8% |
| Other Income | 5 | 2 | 4 | 5 | 4 | 4 | 7 | 7 | -2 | 8 | 14 |
| Interest | 6 | 6 | 5 | 7 | 5 | 5 | 5 | 5 | 4 | 5 | 4 |
| Depreciation | 11 | 10 | 10 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Profit before tax | 26 | 24 | 37 | 29 | 19 | 31 | 38 | 41 | 37 | 54 | 41 |
| Tax % | 25% | 26% | 26% | 25% | 26% | 26% | 24% | 25% | 24% | 24% | 25% |
| Net Profit | 19 | 18 | 27 | 22 | 14 | 23 | 29 | 31 | 28 | 41 | 31 |
| EPS in Rs | 3.39 | 3.09 | 4.81 | 3.80 | 2.49 | 4.06 | 5.01 | 5.38 | 4.90 | 7.22 | 5.39 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 993 | 1,062 | 1,500 | 1,695 | 1,770 | 1,792 | 2,239 | 2,290 |
| Expenses | 938 | 1,007 | 1,430 | 1,594 | 1,642 | 1,626 | 2,026 | 2,081 |
| Operating Profit | 55 | 55 | 70 | 101 | 128 | 166 | 213 | 209 |
| OPM % | 6% | 5% | 4.7% | 6% | 7% | 9% | 10% | 9% |
| Other Income | 10 | 3 | 3 | 20 | 17 | 16 | 20 | 27 |
| Interest | 18 | 18 | 16 | 20 | 22 | 22 | 19 | 19 |
| Depreciation | 32 | 33 | 34 | 38 | 41 | 43 | 44 | 44 |
| Profit before tax | 15 | 7 | 24 | 63 | 82 | 116 | 169 | 173 |
| Tax % | 10% | 32% | 28% | 26% | 26% | 26% | 24% | |
| Net Profit | 13 | 4 | 17 | 47 | 61 | 86 | 128 | 130 |
| EPS in Rs | 2.37 | 0.78 | 3.00 | 8.23 | 10.66 | 15.16 | 22.51 | 22.89 |
| Dividend Payout % | 0% | 0% | 29% | 47% | 0% | 30% | 30% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 16% | 10% | 26% | ||
| Compounded Profit Growth | % | 98% | 43% | 56% | ||
| Stock Price CAGR | % | % | % | 12% | ||
| Return on Equity | % | 18% | 21% | 26% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 57 | 57 | 57 | 57 | 57 | 57 | 57 |
| Reserves | 222 | 226 | 243 | 289 | 328 | 415 | 519 |
| Borrowings | 231 | 152 | 178 | 188 | 214 | 189 | 155 |
| Other Liabilities | 352 | 448 | 509 | 512 | 458 | 452 | 542 |
| Total Liabilities | 862 | 884 | 987 | 1,046 | 1,056 | 1,113 | 1,273 |
| Fixed Assets | 257 | 255 | 275 | 290 | 351 | 377 | 374 |
| CWIP | 0 | 3 | 10 | 21 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 24 | 24 |
| Other Assets | 605 | 626 | 702 | 735 | 706 | 712 | 874 |
| Total Assets | 862 | 884 | 987 | 1,046 | 1,056 | 1,113 | 1,273 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 64 | 69 | 75 | 72 | 107 | 95 | 131 |
| Cash from Investing Activity | -46 | -34 | -59 | -64 | -84 | -76 | -24 |
| Cash from Financing Activity | 52 | -97 | 24 | -12 | -18 | -59 | -88 |
| Net Cash Flow | 69 | -62 | 41 | -4 | 5 | -40 | 20 |
| Free Cash Flow | 16 | 33 | 17 | 565 | 22 | 43 | 99 |
| CFO/OP | 138% | 131% | 118% | 90% | 104% | 73% | 83% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 92 | 61 | 64 | 49 | 58 | 60 |
| Inventory Days | 88 | 87 | 76 | 73 | 80 | 83 | 70 |
| Days Payable | 150 | 178 | 139 | 122 | 102 | 97 | 93 |
| Cash Conversion Cycle | 9 | 0 | -2 | 15 | 27 | 44 | 38 |
| Working Capital Days | -14 | 12 | -3 | 16 | 12 | 33 | 38 |
| ROCE % | 5% | 8% | 16% | 18% | 22% | 28% |
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters | 68.77% | 68.77% | 68.77% | 68.77% | 68.77% | 68.77% | 68.77% |
| FIIs | 3.52% | 4.02% | 3.69% | 3.59% | 2.72% | 3.01% | 2.91% |
| DIIs | 17.53% | 17.03% | 16.62% | 17.05% | 17.11% | 17.53% | 16.10% |
| Public | 10.18% | 10.18% | 10.93% | 10.59% | 11.39% | 10.68% | 12.22% |
| No. of Shareholders | 1,51,011 | 1,20,855 | 1,11,849 | 1,04,858 | 97,096 | 91,082 | 89,553 |
Fundamentals
Market Cap₹ 2,963 Cr.
Current Price₹ 521
Stock P/E21.7
Book Value₹ 101
ROCE28.2 %
ROE25.6 %
Dividend Yield1.30 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)26%
Compounded Profit Growth (TTM)56%
Standalone figures.
Valuation
Market capRs 2,945 Cr
Enterprise valueRs 3,039 Cr
P/E (TTM)22.63x
Price to book8.52x
Price to sales1.29x
EV / EBITDA12.89x
EV / EBIT15.89x
EV / sales1.33x
Price to cash flow40.69x
Earnings yield4.42%
Dividend yield0.75%
Profitability
Operating margin (excl. other income)5.94%
Operating margin (incl. other income)7.12%
EBITDA margin10.29%
Pre-tax margin7.54%
Net profit margin5.68%
Net margin, latest quarter5.67%
ROE14.49%
ROCE16.38%
ROA4.60%
ROE, 3-year average7.30%
ROCE, 3-year average10.07%
ROA, 3-year average2.31%
ROIC (approx.)32.17%
Tax rate26.16%
Other income / net worth5.74%
Growth
Sales growth (latest year)12.98%
Profit growth (latest year)174.49%
Sales CAGR, 3 years19.52%
Profit CAGR, 3 years51.42%
Sales growth QoQ-10.41%
Profit growth QoQ-25.28%
Sales growth YoY (latest quarter)10.42%
Profit growth YoY (latest quarter)7.51%
Per share
EPS (TTM)Rs 22.89
EPS (latest year)Rs 8.23
EPS (latest quarter)Rs 5.39
EPS, 3-year averageRs 4.00
Book value per shareRs 60.84
Sales per shareRs 402.78
Cash flow per shareRs 12.73
Free cash flow per shareRs 17.41
Dividend per share (latest year)Rs 3.87
Dividend per share, 3-year averageRs 2.37
Dividends
Dividend payout47.01%
Dividend payout, 3-year average38.17%
Efficiency
Asset turnover1.62x
Fixed asset turnover5.85x
Inventory turnover5.49x
Inventory days66 days
Debtor days64 days
Debtors turnover5.73x
Creditor days93 days
Cash conversion cycle38 days
Working capital days38 days
Leverage
Total debtRs 188 Cr
Cash and bankRs 95 Cr
Net debtRs 93 Cr
Debt to equity0.54x
Net debt / EBITDA0.40x
Interest coverage10.28x
Current ratio (filing 2026-03-31)1.60x
Quick ratio (filing 2026-03-31)0.99x
Trade payables (filing 2026-03-31)Rs 420 Cr
Owners' fund to total sources33.08%
Debt to assets18.01%
Cash flow
Cash from Operating Activity (latest year)Rs 72 Cr
Cash from Investing Activity (latest year)Rs -64 Cr
Cash from Financing Activity (latest year)Rs -12 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs 99 Cr
FCFE (approx.: FCF + change in debt)Rs 110 Cr
Cash from ops / profit, 5 years1.42x
Sales to cash flow23.42x
Statement figures
Net sales (TTM)Rs 2,290 Cr
Net sales (latest year)Rs 1,695 Cr
Sales (latest quarter)Rs 540 Cr
Operating profit excl. other income (latest year)Rs 101 Cr
Operating profit (latest quarter)Rs 42 Cr
Other income (TTM)Rs 27 Cr
EBITDA (TTM)Rs 236 Cr
PBDT (TTM)Rs 217 Cr
Profit before tax (TTM)Rs 173 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 130 Cr
Net profit (latest year)Rs 47 Cr
Net profit (latest quarter)Rs 31 Cr
Depreciation (TTM)Rs 44 Cr
Depreciation (latest quarter)Rs 11 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 1,402 Cr
Total expenditure (latest year)Rs 1,594 Cr
Total income (latest year)Rs 1,715 Cr
Share capitalRs 57 Cr
ReservesRs 289 Cr
Shareholders' fundsRs 346 Cr
Total assetsRs 1,046 Cr
Net blockRs 290 Cr
Capital work in progressRs 21 Cr
ReceivablesRs 296 Cr
InventoryRs 255 Cr
Other liabilitiesRs 512 Cr
Shares outstanding (crore)5.69
Ownership
Promoter holding68.77% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | CARRARO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.8% | -2.8% | -3.0 pts |
| 1 month | -4.5% | -6.8% | +2.3 pts |
| 3 months | -6.3% | -7.6% | +1.3 pts |
| 6 months | +11.9% | +0.4% | +11.5 pts |
| 1 year | +9.2% | -9.9% | +19.1 pts |
19 mutual fund schemes hold about ₹229 Cr.
Over three months 1 bought more and 12 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| HSBC Small Cap Fund | 0.47% | 89 | +5% |
| Bank of India Small Cap Fund | 1.07% | 35 | -13% |
| LIC MF Multi Cap Fund | 1.08% | 24 | +1% |
| UTI Transportation & Logistics Fund | 0.50% | 22 | +2% |
| JM Value Fund | 1.71% | 14 | +4% |
| LIC MF Small Cap Fund | 1.50% | 12 | -0% |
| Bank of India Mfg & Infra Fund(Q | 1.19% | 11 | -1% |
| JM Small Cap Fund | 1.11% | 10 | -5% |
| Helios Small Cap Fund | 0.69% | 10 | -20% |
| Bank of India Midcap Tax Fund-Sr 1 | 1.73% | 1 | +7% |
| LIC MF Equity Savings Fund(Q | 0.00% | 0 | -100% |
| WOC ELSS Tax Saver Fund | 0.00% | 0 | -100% |
| Edelweiss Small Cap Fund | 0.00% | 0 | -100% |
| LIC MF Value Fund | 0.00% | 0 | -100% |
| LIC MF Infra Fund | 0.00% | 0 | -100% |
| LIC MF Manufacturing Fund | 0.00% | 0 | -100% |
| WOC Mid Cap Fund | 0.00% | 0 | -100% |
| LIC MF Value Fund | 0.00% | 0 | -100% |
| WOC Multi Cap Fund | 0.00% | 0 | -100% |
Red flags
F-score 7 of 8| look | Regulator order or action Regulator order or action 2026-09-04: Carraro India Limited has informed the Exchange about receipt of Order-in-original from the Office of the Commissioner of Customs. |
| look | Auditor change Auditor change 2026-02-11: Carraro India Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Insider trades
NSE insider and takeover-code disclosures| Date | Who | Role | Side | Shares | Value | How |
|---|---|---|---|---|---|---|
| 2026-09-18 | 3P India Equity Fund | Acquirer | buy | 200,000 | SAST Open Market | |
| 2026-09-18 | 3P India Equity Fund | Acquirer | buy | 200,000 | SAST Open Market |
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.
Latest quarter
Jun 2026Sales ₹540 Cr +10.4% vs Jun 2025.
Net profit ₹31 Cr +6.9%.
Against our estimate for Jun 2026: sales -16.2%, profit -14.6% miss. Our estimate for Sep 2026: sales Rs 719 Cr, profit Rs 40 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Samvardhana Motherson International Ltd | 167,351 | 36.6 | 13.4 % |
| Bosch Ltd | 134,797 | 57.0 | 21.5 % |
| Bharat Forge Ltd | 94,900 | 94.0 | 12.6 % |
| Uno Minda Ltd | 67,102 | 54.9 | 19.6 % |
| Schaeffler India Ltd | 61,271 | 47.5 | 27.9 % |
| Sona BLW Precision Forgings Ltd | 50,907 | 65.5 | 15.1 % |
| Tube Investments of India Ltd | 46,709 | 74.5 | 17.1 % |
| Endurance Technologies Ltd | 37,343 | 37.9 | 17.8 % |
| Exide Industries Ltd | 34,595 | 36.9 | 8.54 % |
| Dhoot Transmission Ltd | 30,776 | 68.7 | 24.4 % |
| Craftsman Automation Ltd | 27,475 | 58.7 | 13.9 % |
| Sansera Engineering Ltd | 27,228 | 78.1 | 13.7 % |
| ZF Commercial Vehicle Control System India Ltd | 26,150 | 53.2 | 19.1 % |
| Asahi India Glass Ltd | 24,421 | 54.7 | 11.5 % |
| Sundram Fasteners Ltd | 24,022 | 38.7 | 17.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-03 | Dividend - Rs 6.75 Per Share | |
| 2025-09-03 | Dividend - Rs 4.55 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Carraro India Ltd?
Carraro India Ltd (CARRARO) has a market capitalisation of Rs 2,963 Cr. at the 2026-10-01 close.
What is the P/E ratio of Carraro India Ltd?
Carraro India Ltd trades at a P/E of 21.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Carraro India Ltd's latest quarterly results?
In the Jun 2026 quarter, Carraro India Ltd sales was Rs 540 Cr (+10.4% vs Jun 2025) and net profit was Rs 31 Cr.
What is the 52-week high and low of Carraro India Ltd?
The 52-week high is Rs 667.55 and the 52-week low is Rs 416.00.