Fortune MNC 500 India 2026 edition
Rank#298- Total income
- ₹1,817 Cr
- Profit
- ₹88 Cr
Last year #285
Market Cap
₹2,780 Cr
CARRARO · NSE
Share Price
₹502.20
+2.69% today
Revenue
₹2,255 Cr
FY 2025-26 · +24.8% YoY
EBITDA
₹209 Cr
Margin 9.3%
Net Profit
₹137 Cr
FY 2025-26 · +57.4% YoY
P/E (TTM)
19.2x
P/B 4.7x
ROE
25.5%
ROCE 26.0%
Debt / Equity
0.34
Interest cover 11.9x
About Carraro India Limited
Data last updated:
Carraro India Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Carraro International Se. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 11 April 1997 and has been in existence for over 29 years.
Carraro India is ranked #298 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L52609PN1997PLC132629. Its GSTIN is 27AAACC5292M1ZB (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 544320 and NSE: CARRARO.
The company has an authorised share capital of ₹176 Cr and a paid-up capital of ₹56.85 Cr. It is led by directors including Balaji Gopalan (Managing Director) and Davide Grossi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B2/ 2 MIDC Ranjangaon, Pune, Maharashtra, India – 412220.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,255.49 Cr, a growth of 24.8% compared to the previous year. For the same year it recorded a net profit of ₹136.61 Cr (net margin 6.1%) and EBITDA of ₹209.43 Cr (EBITDA margin 9.3%). The net worth stands at ₹564.59 Cr (up 23.3% YoY). Total assets are valued at ₹779.51 Cr (up 11.3% YoY).
The company has about 900 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Carraro and Carraro India. As per MCA filings, the company has open charges of ₹333 Cr and satisfied charges of ₹545.33 Cr on record. Court records list 121 cases involving the company, including 25 filed by the company and 96 filed against it; 10 cases are pending. The company has 10 deals on record (6 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹85.41 Cr; the latest was in September 2025. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 338 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website carraro.com.
Company details
CIN L52609PN1997PLC132629
Registration Number 132629
Incorporation Date 11 April 1997
ROC Pune
Listing Status Listed - Listed on NSE (CARRARO); Listed on BSE (544320)
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Carraro International Se
Compliance Status Active Compliant
CIN history
Carraro India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L52609PN1997PLC132629, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L52609PN1997PLC132629 | Current |
| U52609PN1997PLC132629 | Previous |
| U52609PN1997PTC132629 | Previous |
Key People
Balaji Gopalan Managing Director Davide Grossi Whole-Time Director Sudhendra Sharad Mannikar Whole-Time Director Recognitions & Rankings of Carraro India
Contact details
Carraro India Limited's registered office is in Pune, Maharashtra.
- Social Media
- Registered AddressB2/ 2 MIDC Ranjangaon, Pune, Maharashtra, India – 412220
- IndustryAutomotive, Auto Parts & Components
Comprehensive company report
Carraro India Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Carraro India operates two associated brands: Carraro and Carraro India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer and supplier of transmission and drive components | carraro.com | |
| Company that designs, manufactures, and supplies transmission systems, axles, and drives for off-highway vehicles and specialized tractors | carraroindia.com |
Business activity
The main business activity of Carraro India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Carraro India Limited, buy the company report.
Financials of Carraro India Limited
FY 2025-26 filings availableCarraro India Limited reported revenue of ₹2,255.49 Cr (up 24.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,255 Cr
+24.8% YoY
EBITDA
₹209 Cr
+22.8% YoY
Profit After Tax
₹137 Cr
+57.4% YoY
Net Worth
₹565 Cr
+23.3% YoY
Total Assets
₹780 Cr
+11.3% YoY
Total Debt
₹155 Cr
-18.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 2,255 | 1,808 | 1,789 | 1,713 | 1,498 |
| Revenue growth | +24.8% | +1.0% | +4.4% | +14.4% | - |
| EBITDA | 209 | 171 | 132 | 105 | 60.35 |
| EBITDA margin | +9.3% | +9.4% | +7.4% | +6.1% | +4.0% |
| Profit before tax | 173 | 119 | 84.36 | 65.58 | 30.73 |
| Net profit | 137 | 86.77 | 61.99 | 47.52 | 22.02 |
| Net profit margin | +6.1% | +4.8% | +3.5% | +2.8% | +1.5% |
| EPS (₹) | 22.96 | 15.50 | 11.00 | 8.52 | 3.94 |
| Balance sheet | |||||
| Total assets | 780 | 701 | 633 | 576 | 514 |
| Net worth | 565 | 458 | 370 | 337 | 292 |
| Total debt | 155 | 191 | 216 | 192 | 182 |
| Cash & bank | 90.41 | 68.30 | 104 | 105 | 104 |
| Net working capital | 362 | 280 | 231 | 220 | 177 |
| Cash flow | |||||
| Cash from operations | 135 | 76.29 | 112 | 80.22 | 95.83 |
| Cash from investing | (23.54) | (51.73) | (83.40) | (63.72) | (59.88) |
| Cash from financing | (88.92) | (59.85) | (30.18) | (15.47) | 8.53 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 545 | 607 | 570 | 586 | 493 | 444 | 449 | 441 |
| Revenue growth (YoY) | +10.5% | +36.6% | +27.0% | +33.1% | +4.0% | - | - | - |
| Other income | 13.97 | 7.52 | 7.18 | 6.83 | 6.99 | 3.60 | 4.11 | 4.57 |
| EBITDA | 43.94 | 63.43 | 45.73 | 52.44 | 47.84 | 45.29 | 32.34 | 42.88 |
| EBITDA margin | +8.1% | +10.5% | +8.0% | +8.9% | +9.7% | +10.2% | +7.2% | +9.7% |
| Depreciation | 11.44 | 11.29 | 11.67 | 11.53 | 11.22 | 11.51 | 11.40 | 11.37 |
| Interest | 4.45 | 4.78 | 4.31 | 5.21 | 5.18 | 5.33 | 5.36 | 6.64 |
| Profit before tax | 42.02 | 54.88 | 36.93 | 42.53 | 38.43 | 32.05 | 19.69 | 29.44 |
| Tax | 10.64 | 13.20 | 8.86 | 10.82 | 9.32 | 8.33 | 5.02 | 7.49 |
| Net profit | 31.38 | 41.68 | 28.07 | 31.71 | 29.11 | 23.72 | 14.67 | 21.95 |
| EPS (₹) | 5.52 | 7.33 | 4.94 | 5.58 | 5.12 | 4.17 | 2.58 | 3.86 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,239 | 1,792 | 1,770 | 1,695 | 1,500 | 1,062 | 993 |
| Revenue growth | +24.9% | +1.2% | +4.4% | +13.0% | +41.3% | +7.0% | - |
| EBITDA | 204 | 166 | 128 | 101 | 70.15 | 54.59 | 55.08 |
| EBITDA margin | +9.1% | +9.3% | +7.2% | +5.9% | +4.7% | +5.1% | +5.6% |
| Profit before tax | 169 | 116 | 81.71 | 63.38 | 23.54 | 6.54 | 14.97 |
| Net profit | 134 | 85.08 | 60.27 | 46.08 | 16.70 | 4.44 | 13.28 |
| Net profit margin | +6.0% | +4.8% | +3.4% | +2.7% | +1.1% | +0.4% | +1.3% |
| EPS (₹) | 22.51 | 15.16 | 10.66 | 8.23 | 3.00 | 0.78 | 2.37 |
| Balance sheet | |||||||
| Total assets | 786 | 710 | 644 | 577 | 509 | 455 | 528 |
| Net worth | 575 | 471 | 385 | 346 | 300 | 283 | 279 |
| Total debt | 155 | 189 | 214 | 188 | 178 | 152 | 231 |
| Cash & bank | 80.32 | 60.73 | 100 | 95.09 | 98.89 | 58.24 | 120 |
| Net working capital | 347 | 269 | 248 | 228 | 179 | 163 | 238 |
| Cash flow | |||||||
| Cash from operations | 131 | 94.54 | 107 | 72.38 | 75.18 | 69.41 | 63.63 |
| Cash from investing | (23.67) | (75.62) | (83.63) | (63.77) | (58.91) | (33.58) | (46.13) |
| Cash from financing | (87.63) | (58.62) | (17.76) | (12.42) | 24.39 | (97.47) | 51.66 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 540 | 603 | 565 | 582 | 489 | 441 | 445 | 437 |
| Revenue growth (YoY) | +10.4% | +36.8% | +27.0% | +33.2% | +4.1% | - | - | - |
| Other income | 14.03 | 7.51 | 7.17 | 6.85 | 7.02 | 3.52 | 4.13 | 4.53 |
| Total expenses | 498 | 541 | 520 | 531 | 443 | 397 | 414 | 395 |
| EBITDA | 42.33 | 62.15 | 45.09 | 50.54 | 46.57 | 44.08 | 31.14 | 41.92 |
| EBITDA margin | +7.8% | +10.3% | +8.0% | +8.7% | +9.5% | +10.0% | +7.0% | +9.6% |
| Depreciation | 11.00 | 10.91 | 11.30 | 11.16 | 10.82 | 11.09 | 10.97 | 10.92 |
| Interest | 4.32 | 4.78 | 4.30 | 5.20 | 5.15 | 5.30 | 5.33 | 6.60 |
| Profit before tax | 41.04 | 53.97 | 36.66 | 41.03 | 37.62 | 31.21 | 18.97 | 28.93 |
| Tax | 10.39 | 12.95 | 8.78 | 10.44 | 9.11 | 8.11 | 4.84 | 7.35 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 545 | 607 | 570 | 586 | 493 | 444 | 449 | 441 |
| Revenue growth (YoY) | +10.5% | +36.6% | +27.0% | +33.1% | +4.0% | - | - | - |
| Other income | 13.97 | 7.52 | 7.18 | 6.83 | 6.99 | 3.60 | 4.11 | 4.57 |
| EBITDA | 43.94 | 63.43 | 45.73 | 52.44 | 47.84 | 45.29 | 32.34 | 42.88 |
| EBITDA margin | +8.1% | +10.5% | +8.0% | +8.9% | +9.7% | +10.2% | +7.2% | +9.7% |
| Depreciation | 11.44 | 11.29 | 11.67 | 11.53 | 11.22 | 11.51 | 11.40 | 11.37 |
| Interest | 4.45 | 4.78 | 4.31 | 5.21 | 5.18 | 5.33 | 5.36 | 6.64 |
| Profit before tax | 42.02 | 54.88 | 36.93 | 42.53 | 38.43 | 32.05 | 19.69 | 29.44 |
| Tax | 10.64 | 13.20 | 8.86 | 10.82 | 9.32 | 8.33 | 5.02 | 7.49 |
| Net profit | 31.38 | 41.68 | 28.07 | 31.71 | 29.11 | 23.72 | 14.67 | 21.95 |
| EPS (₹) | 5.52 | 7.33 | 4.94 | 5.58 | 5.12 | 4.17 | 2.58 | 3.86 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 2,255 | 1,808 | 1,789 | 1,713 | 1,498 |
| Revenue growth | +24.8% | +1.0% | +4.4% | +14.4% | - |
| Other income | 28.53 | 15.83 | 17.58 | 20.15 | 22.51 |
| Total expenses | 2,046 | 1,637 | 1,657 | 1,608 | 1,437 |
| Employee cost | 167 | 154 | 143 | 130 | 117 |
| EBITDA | 209 | 171 | 132 | 105 | 60.35 |
| EBITDA margin | +9.3% | +9.4% | +7.4% | +6.1% | +4.0% |
| Depreciation | 45.70 | 45.20 | 43.14 | 39.44 | 35.91 |
| Interest | 19.48 | 22.58 | 22.49 | 19.79 | 16.22 |
| Profit before tax | 173 | 119 | 84.36 | 65.58 | 30.73 |
| Tax | 42.20 | 30.53 | 21.81 | 17.13 | 8.31 |
| Net profit | 137 | 86.77 | 61.99 | 47.52 | 22.02 |
| Net profit margin | +6.1% | +4.8% | +3.5% | +2.8% | +1.5% |
| EPS (₹) | 22.96 | 15.50 | 11.00 | 8.52 | 3.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 56.85 | 56.85 | 56.85 | 56.85 | 56.85 |
| Reserves & surplus | 508 | 401 | 313 | 281 | 236 |
| Shareholders' funds (net worth) | 565 | 458 | 370 | 337 | 292 |
| Minority interest | 0.13 | 0.11 | 0.09 | 0.16 | 0.14 |
| Secured loans | 85.91 | 128 | 167 | 144 | 178 |
| Unsecured loans | 69.02 | 62.26 | 48.49 | 48.23 | 4.14 |
| Total debt | 155 | 191 | 216 | 192 | 182 |
| Total liabilities | 780 | 701 | 633 | 576 | 514 |
| Assets | |||||
| Gross block | 550 | 508 | 438 | 348 | 319 |
| Net block | 376 | 380 | 354 | 307 | 281 |
| Capital work in progress | 0.25 | 0.00 | 0.00 | 9.06 | 10.12 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 317 | 299 | 286 | 255 | 237 |
| Sundry debtors | 375 | 291 | 243 | 303 | 257 |
| Cash & bank balances | 90.41 | 68.30 | 104 | 105 | 104 |
| Loans & advances | 68.30 | 28.66 | 38.18 | 52.79 | 77.05 |
| Total current assets | 851 | 687 | 671 | 716 | 675 |
| Total current liabilities | 489 | 407 | 440 | 497 | 498 |
| Net working capital | 362 | 280 | 231 | 220 | 177 |
| Total assets | 780 | 701 | 633 | 576 | 514 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 68.30 | 104 | 105 | 104 | 59.49 |
| Net cash from operating activities | 135 | 76.29 | 112 | 80.22 | 95.83 |
| Net cash from investing activities | (23.54) | (51.73) | (83.40) | (63.72) | (59.88) |
| Net cash from financing activities | (88.92) | (59.85) | (30.18) | (15.47) | 8.53 |
| Net change in cash | 22.11 | (35.29) | (1.39) | 1.03 | 44.47 |
| Closing cash | 90.41 | 68.30 | 104 | 105 | 104 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +24.8% | +1.0% | +4.4% | +14.4% | - |
| EBITDA growth | +22.8% | +28.9% | +26.5% | +73.4% | - |
| PBT growth | +45.6% | +40.7% | +28.6% | +113.4% | +9997.0% |
| Net income growth | +57.4% | +40.0% | +30.5% | +115.8% | - |
| Revenue CAGR (3Y) | +9.6% | +6.5% | - | - | - |
| EBITDA CAGR (3Y) | +26.0% | +41.4% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +5.8% | +4.9% | +3.5% | +2.8% | +1.5% |
| Return on capital employed | +26.0% | +21.2% | +17.7% | +15.7% | +9.1% |
| Return on net worth | +25.5% | +21.3% | +17.7% | +15.4% | +7.7% |
| Debt / equity | 0.34 | 0.49 | 0.58 | 0.59 | 0.62 |
| Long-term debt / equity | 0.26 | 0.32 | 0.36 | 0.35 | 0.30 |
| Interest cover | 11.90 | 18.00 | 25.19 | 30.34 | 66.37 |
| Efficiency & per share | |||||
| Fixed asset turnover | 4.26 | 3.82 | 4.55 | 5.14 | 4.70 |
| Inventory turnover | 7.32 | 6.18 | 6.60 | 6.96 | 6.33 |
| Debtors turnover | 6.77 | 6.77 | 6.55 | 6.11 | 5.83 |
| EPS (₹) | 22.96 | 15.50 | 11.00 | 8.52 | 3.94 |
| Dividend per share (₹) | 6.75 | 4.55 | 0.00 | 3.87 | 0.88 |
| Book value per share (₹) | 99.31 | 80.55 | 65.05 | 59.34 | 51.45 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 540 | 603 | 565 | 582 | 489 | 441 | 445 | 437 |
| Revenue growth (YoY) | +10.4% | +36.8% | +27.0% | +33.2% | +4.1% | - | - | - |
| Other income | 14.03 | 7.51 | 7.17 | 6.85 | 7.02 | 3.52 | 4.13 | 4.53 |
| Total expenses | 498 | 541 | 520 | 531 | 443 | 397 | 414 | 395 |
| EBITDA | 42.33 | 62.15 | 45.09 | 50.54 | 46.57 | 44.08 | 31.14 | 41.92 |
| EBITDA margin | +7.8% | +10.3% | +8.0% | +8.7% | +9.5% | +10.0% | +7.0% | +9.6% |
| Depreciation | 11.00 | 10.91 | 11.30 | 11.16 | 10.82 | 11.09 | 10.97 | 10.92 |
| Interest | 4.32 | 4.78 | 4.30 | 5.20 | 5.15 | 5.30 | 5.33 | 6.60 |
| Profit before tax | 41.04 | 53.97 | 36.66 | 41.03 | 37.62 | 31.21 | 18.97 | 28.93 |
| Tax | 10.39 | 12.95 | 8.78 | 10.44 | 9.11 | 8.11 | 4.84 | 7.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,239 | 1,792 | 1,770 | 1,695 | 1,500 | 1,062 | 993 |
| Revenue growth | +24.9% | +1.2% | +4.4% | +13.0% | +41.3% | +7.0% | - |
| Other income | 28.54 | 15.76 | 17.18 | 19.84 | 3.18 | 3.38 | 9.98 |
| Total expenses | 2,035 | 1,626 | 1,642 | 1,594 | 1,430 | 1,007 | 938 |
| Employee cost | 154 | 141 | 132 | 120 | 111 | 89.78 | 95.24 |
| EBITDA | 204 | 166 | 128 | 101 | 70.15 | 54.59 | 55.08 |
| EBITDA margin | +9.1% | +9.3% | +7.2% | +5.9% | +4.7% | +5.1% | +5.6% |
| Depreciation | 44.18 | 43.47 | 41.40 | 37.72 | 34.29 | 33.00 | 31.91 |
| Interest | 19.43 | 22.42 | 22.23 | 19.51 | 15.50 | 18.43 | 18.18 |
| Profit before tax | 169 | 116 | 81.71 | 63.38 | 23.54 | 6.54 | 14.97 |
| Tax | 41.29 | 29.83 | 21.14 | 16.58 | 6.49 | 2.10 | 1.48 |
| Net profit | 134 | 85.08 | 60.27 | 46.08 | 16.70 | 4.44 | 13.28 |
| Net profit margin | +6.0% | +4.8% | +3.4% | +2.7% | +1.1% | +0.4% | +1.3% |
| EPS (₹) | 22.51 | 15.16 | 10.66 | 8.23 | 3.00 | 0.78 | 2.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 56.85 | 56.85 | 56.85 | 56.85 | 56.85 | 56.85 | 56.85 |
| Reserves & surplus | 519 | 415 | 328 | 289 | 243 | 226 | 222 |
| Shareholders' funds (net worth) | 575 | 471 | 385 | 346 | 300 | 283 | 279 |
| Secured loans | 85.91 | 128 | 167 | 144 | 178 | 120 | 206 |
| Unsecured loans | 69.02 | 61.02 | 46.17 | 44.80 | 0.00 | 31.99 | 25.17 |
| Total debt | 155 | 189 | 214 | 188 | 178 | 152 | 231 |
| Total liabilities | 786 | 710 | 644 | 577 | 509 | 455 | 528 |
| Assets | |||||||
| Gross block | 542 | 501 | 431 | 327 | 723 | 679 | 648 |
| Net block | 374 | 377 | 351 | 290 | 275 | 254 | 257 |
| Capital work in progress | 0.25 | 0.00 | 0.00 | 21.04 | 10.12 | 3.32 | 0.00 |
| Investments | 23.98 | 23.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 317 | 299 | 286 | 255 | 233 | 185 | 171 |
| Sundry debtors | 370 | 287 | 237 | 296 | 250 | 267 | 193 |
| Cash & bank balances | 80.32 | 60.73 | 100 | 95.09 | 98.89 | 58.24 | 120 |
| Loans & advances | 65.73 | 26.51 | 36.27 | 49.95 | 74.51 | 79.45 | 85.70 |
| Total current assets | 834 | 673 | 661 | 696 | 657 | 590 | 569 |
| Total current liabilities | 486 | 404 | 413 | 468 | 478 | 427 | 332 |
| Net working capital | 347 | 269 | 248 | 228 | 179 | 163 | 238 |
| Total assets | 786 | 710 | 644 | 577 | 509 | 455 | 528 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 60.73 | 100 | 95.09 | 98.89 | 58.23 | 120 | 50.72 |
| Net cash from operating activities | 131 | 94.54 | 107 | 72.38 | 75.18 | 69.41 | 63.63 |
| Net cash from investing activities | (23.67) | (75.62) | (83.63) | (63.77) | (58.91) | (33.58) | (46.13) |
| Net cash from financing activities | (87.63) | (58.62) | (17.76) | (12.42) | 24.39 | (97.47) | 51.66 |
| Net change in cash | 19.60 | (39.70) | 5.34 | (3.81) | 40.66 | (61.64) | 69.16 |
| Closing cash | 80.32 | 60.73 | 100 | 95.09 | 98.89 | 58.24 | 120 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +24.9% | +1.2% | +4.4% | +13.0% | +41.3% | +7.0% | - |
| EBITDA growth | +23.0% | +29.6% | +27.2% | +43.7% | +28.5% | -0.9% | - |
| PBT growth | +45.9% | +42.0% | +28.9% | +169.2% | +259.9% | -56.3% | +9997.0% |
| Net income growth | +57.3% | +41.2% | +30.8% | +175.9% | +276.1% | -66.6% | - |
| Revenue CAGR (3Y) | +9.7% | +6.1% | +18.6% | +19.5% | - | - | - |
| EBITDA CAGR (3Y) | +26.6% | +33.3% | +32.9% | +22.3% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.7% | +4.8% | +3.4% | +2.8% | +1.1% | +0.4% | +1.4% |
| Return on capital employed | +25.2% | +20.5% | +17.0% | +15.3% | +8.1% | +5.1% | +6.8% |
| Return on net worth | +24.5% | +20.1% | +16.6% | +14.5% | +5.8% | +1.6% | +4.9% |
| Debt / equity | 0.33 | 0.47 | 0.55 | 0.57 | 0.57 | 0.68 | 0.71 |
| Long-term debt / equity | 0.25 | 0.31 | 0.23 | 0.20 | 0.29 | 0.28 | 0.28 |
| Interest cover | 12.13 | 18.28 | 25.62 | 30.94 | 43.22 | 85.36 | 78.46 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.29 | 3.84 | 4.67 | 3.23 | 2.14 | 1.60 | 1.59 |
| Inventory turnover | 7.27 | 6.13 | 6.54 | 6.94 | 7.17 | 5.97 | 5.66 |
| Debtors turnover | 6.82 | 6.84 | 6.64 | 6.21 | 5.80 | 4.62 | 5.58 |
| EPS (₹) | 22.51 | 15.16 | 10.66 | 8.23 | 3.00 | 0.78 | 2.37 |
| Dividend per share (₹) | 6.75 | 4.55 | 0.00 | 3.87 | 0.88 | 0.00 | 0.00 |
| Book value per share (₹) | 101.21 | 82.92 | 67.75 | 60.84 | 52.82 | 49.82 | 49.04 |
To see the full year-wise statements and ratios of Carraro India Limited, buy the company report.
Board of directors of Carraro India Limited
Carraro India has 9 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Davide Grossi Also directs: Bhavani Synchrotec Private Limited | Whole-Time Director | 09 Aug 2024 | 2 Years 2 Months | Current |
| Tomaso Mario Carraro Also directs: Carraro Technologies India Private Limited | Director | 21 Apr 2015 | 11 Years 6 Months | Current |
| Enrico Elio Gomiero Also directs: Carraro Technologies India Private Limited | Director | 06 Jun 1997 | 29 Years 4 Months | Current |
| Kishore Mukund Saletore | Director | 03 Jul 2024 | 2 Years 3 Months | Current |
| Uma Manoj Mandavgane Also directs: Azzure Advisory & Consulting Services LLP, Aeroflex Enterprises Limited, Aegis Vopak Terminals Limited and 3 more | Director | 03 Jul 2024 | 2 Years 3 Months | Current |
| Balaji Gopalan Also directs: Carraro Technologies India Private Limited | Managing Director | 21 Apr 2015 | 11 Years 6 Months | Current |
Showing 6 of 9 current directors. View all directors
Charges & borrowings
Open charges
₹333 Cr
Satisfied charges
₹545.33 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2024 | 100986914 | Axis Bank Limited | ₹30 Cr | Open | |
| 22 May 2024 | 100926892 | Others | ₹22 Cr | Open | |
| 25 Nov 2022 | 100645217 | Axis Bank Limited | ₹42 Cr | Open | |
| 25 Jan 2019 | 100242709 | Others | ₹47 Cr | Open | |
| 14 Feb 2018 | 100159942 | Hdfc Bank Limited | ₹40 Cr | Open |
To see the full charge records of Carraro India Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Carraro India Limited has 10 deals on record (6 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹85.41 Cr; the latest was in September 2025.
Total deals
10
Secondary share transfers
6
Funding rounds
2
IPO
1
Market trade
1
Disclosed funding
₹85.41 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹53.88 Cr | Buyer: Bajaj Life Insurance Limited Seller: Motilal Oswal Mutual Fund |
| Dec 2024 | IPO | ₹1,250 Cr | Investors: OFS Shareholders - Carraro India Limited, Manulife Global Fund India Equity Fund, UTI Transportation and Logistics Fund Seller: Carraro International Se |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: Carraro International Se Seller: an individual |
| May 2016 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Carraro International SA Seller: Escorts Kubota Limited |
To see the full deal history of Carraro India Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Carraro India Limited has 121 court cases on record: 25 filed by Carraro India, 96 filed against it. 10 cases are pending and 111 are disposed.
Total cases
121
Filed by the company
25
Filed against the company
96
Pending
10
Disposed
111
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 98 | 83 | 1 |
| High courts | 23 | 13 | 9 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by PR Commissioner of Income Tax 1 Pune | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 1 Pune | Pending |
| High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 1 | Pending |
| District court, Pune, Maharashtra | Commercial suit | Filed by the company against an individual | Pending |
| High Court, MAHARASHTRA | Tax appeal | Filed against the company by The PR. Commissioner of Income Tax-1 | Pending |
To see the full case history of Carraro India Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Carraro India Limited was last rated by Indiarating on 17 Oct 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Oct 2022 |
To see the full credit ratings and regulatory alerts of Carraro India Limited, buy the company report.
MSME payment delays
Carraro India Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 338 overdue payments to 41 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Supertech | |||
| an individual supplier | |||
| Rajdeep Industries | |||
| Athena India Hitech Components Private Limited | |||
| Shree Spherotech Private Limited |
To see the full MSME payment records of Carraro India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Carraro India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACC5292M1ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Carraro India Limited, buy the company report.
Recent activity
Carraro India Limited has 29 board changes on record since 1997: 9 appointments and 20 cessations. The latest: Andrea Conchetto ceased to be Additional Director on 19 Aug 2024.
Charges
A charge registered on 25 Mar 2021 via Charge ID 100489790 with Others was fully satisfied on 09 Jun 2026.
Charges
A charge registered on 18 May 2021 via Charge ID 100445117 with Hdfc Bank Limited was fully satisfied on 21 May 2026.
Filing
Carraro India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
AGM
Carraro India Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Charges
A charge registered on 23 Jun 2020 via Charge ID 100346702 with Others was fully satisfied on 01 Aug 2025.
Charges
A charge registered on 07 Aug 2020 via Charge ID 100360044 with Others was fully satisfied on 18 Jul 2025.
Charges
A charge registered on 13 Mar 2020 via Charge ID 100333011 with Others was fully satisfied on 19 Mar 2025.
Charges
A charge registered on 07 Dec 2017 via Charge ID 100144489 with Axis Bank Limited was fully satisfied on 08 Jan 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100986914 was registered on 27 Sep 2024.
Ceased
Andrea Conchetto ceased to be Additional Director.
Ceased
Ettore Francesco Sequi ceased to be Additional Director.
Ceased
Kishore Mukund Saletore ceased to be Additional Director.
102 earlier events are in the company report.
News
Carraro India: Will Meet Analysts And Investors On September 21 At 9 AM.
Frequently asked questions
Carraro India is an active public limited company based in Pune, Maharashtra, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 11 April 1997 (29+ years old) and is registered under CIN L52609PN1997PLC132629. Listed on BSE: 544320 and NSE: CARRARO.
Carraro India reported revenue of ₹2,255.49 Cr for FY 2025-26 (up 24.8% YoY) based on consolidated financials.
Carraro India has 9 current directors:
- Balaji Gopalan - Managing Director
- Davide Grossi - Whole-Time Director
- Sudhendra Sharad Mannikar - Whole-Time Director
- Tomaso Mario Carraro - Director
- Enrico Elio Gomiero - Director
- Kishore Mukund Saletore - Director
- Uma Manoj Mandavgane - Director
- Andrea Conchetto - Director
- Ettore Francesco Sequi - Director
The latest financial statements of Carraro India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Carraro India is 27AAACC5292M1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of Carraro India is L52609PN1997PLC132629. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Carraro India is a listed company as per MCA records. Its shares are listed on both BSE (code: 544320) and NSE (symbol: CARRARO).
Carraro India has 121 court cases on record: 25 filed by the company and 96 filed against it. 10 are pending. Most are in the district courts.
Carraro India was incorporated on 11 April 1997, making it 29+ years old. It is registered with the Registrar of Companies, Pune.
Carraro India has 10 deals on record (6 secondary share transfers, 2 funding rounds, 1 ipo), with disclosed funding of ₹85.41 Cr; the latest was in September 2025.
Andrea Conchetto ceased to be Additional Director on 19 Aug 2024. Ettore Francesco Sequi ceased to be Additional Director on 19 Aug 2024. Kishore Mukund Saletore ceased to be Additional Director on 19 Aug 2024. Carraro India has 29 board changes on record in total.