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    Carraro India Limited

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

    Automobile and Auto Components
    Consumer Discretionary
    View CARRARO earnings calls
    ₹560.55
    +2.01% from avg

    Overview

    Price

    ₹560.55

    Market Cap

    ₹3.0k Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY25FY26FY26
    LiabilitiesEquity Capital5757575757575757
    Reserves226243289328363415447519
    Borrowings152178188214212189170142
    Other Liabilities448509512458462452511555
    Total Liabilities8849871.0k1.1k1.1k1.1k1.2k1.3k
    AssetsFixed Assets255275290351360377376374
    CWIP3102100000
    Investments00000242424
    Other Assets626702735706733712785874
    Total Assets8849871.0k1.1k1.1k1.1k1.2k1.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating6469757210795131
    Cash from Investing-46-34-59-64-84-76-31
    Cash from Financing52-9724-12-18-59-88
    SummaryCapital Expenditure
    Free Cash Flow163317565224399
    FCF Margin

    Valuation

    Assumptions

    Current — CARRARO
    Price
    ₹561
    EPS (TTM)
    ₹22.51
    PE (TTM)
    24.9
    Profit growth
    50.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (27.2×) and current (24.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹561
    vs
    Fair value · 15% return
    ₹2,180
    289%Undervalued

    At 50% growth and a 25× exit, ₹561 only delivers your return if you pay ₹2,180. The price is currently baking in 17% growth.

    EPS grows 50%/yr for 5 years, then fades to 6% over 2, exits at 25×.

    YearGrowthEPS (₹)
    FY2750.0%33.77
    FY2850.0%50.65
    FY2950.0%75.97
    FY3050.0%113.96
    FY3150.0%170.94
    FY3228.0% ·fade218.80
    FY336.0% ·fade231.93

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Carraro India Limited

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