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Carraro India share price & results

Carraro India Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Tier-1 maker of axles, transmissions and gears for agricultural tractors and construction equipment, part of Italy's Carraro Group.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue540 ₹ crore+10.4% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin8.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit31.0 ₹ crore+6.9% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity27.32 %+5.8 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin4.57 %+3.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)26.33 %+23.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 3 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Carraro India Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (3 achieved, 0 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA MarginIncreasing EBITDA margins by at least 1% (100 bps) year-on-year for the next three years
Call transcript, Q4 FY25 · 28 May 2025		Q4 FY25Q1 FY27:Guided for FY27 EBITDA margin improvement of 'half a point' (50 bps), which is below the original promise of 'at least 1%' (100 bps).
Call transcript, Q1 FY27 · 7 Aug 2026		Diluted
RevenueEUR350 million in 5 years
Call transcript, Q3 FY25 · 10 Feb 2025		Q3 FY25Q1 FY27:Reiterated long-term target of INR 3,500-4,000 crores by FY30.
Call transcript, Q1 FY27 · 7 Aug 2026		On Track
RevenueEUR210 million to EUR220 million for next year (FY26)
Call transcript, Q3 FY25 · 10 Feb 2025		Q3 FY25Q4 FY26:Achieved FY26 revenue of INR 2255.5 cr (~EUR 247M), exceeding the revised guidance of EUR 220-225M.
Call transcript, Q4 FY26 · 27 May 2026		Achieved

Source: Inve Guidance Tracker for Carraro India Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

8 of Carraro India Limited's 11 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹502.2 +2.69% · +₹13.15

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −0.4% 1Y

₹450₹500₹550₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 17 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 7 Aug 2026

1Y: ₹504.15 on 24 Oct 2025 → ₹502.2. High ₹608.5 (26 May 2026), low ₹423.1 (23 Mar 2026).

Previous close
₹489.05
Market cap
₹2.8k Cr
52-week range
₹423.1 – ₹608.5
One year
+2.54%
Price to earnings (TTM to Jun 2026)
19.89×
Return on equity (TTM to Jun 2026)
27.32%

Overview

Symbol
NSE:CARRARO
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Carraro India Limited does

Based on the company's own presentations, annual report and earnings calls.

Carraro India designs and manufactures axles, transmission systems and gears used in agricultural tractors (2WD/4WD) and construction vehicles such as backhoe loaders, compact wheel loaders, soil compactors, self-loading concrete mixers, telescopic boom handlers and forklift trucks, supplying these as a Tier-1 non-captive component supplier to domestic and international OEMs. It runs two manufacturing plants (a drivelines plant and a gears plant) plus an in-house R&D centre at Ranjangaon, Pune, and also earns from a newer engineering-services line (contract design/industrialisation work, including e-transmissions) and a third-party gears business. It is 68.77%-held by Italy-based Carraro International S.E., part of the Carraro Group, giving it access to the group's global R&D and international customer relationships.

Segments

  • Agricultural Vehicles
  • Construction Vehicles
  • Others (incl. engineering services, third-party gears)
Manufacturing plants
2 (drivelines plant + gears plant, both at Ranjangaon, Pune)
R&D centres
1 (in-house R&D centre, Pune)
Employees
~1,800
R&D team members
50+
Suppliers
245+ (domestic & international)
Track record as independent Tier-I supplier
25+ years
Founded 1997Headquarters B 2/2, MIDC Ranjangaon, Pune - 412220, Maharashtra, IndiaEmployees 1,800 (FY26 (May 2026 investor ) Company website

How the price took the results

close before → close after

Q1 FY27
−7.4%
7 Aug
Q4 FY26
−8.8%
27 May
Q3 FY26
−1.4%
12 Feb
Q2 FY26
+2.6%
17 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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