Incorporated in 1997, Carraro India Ltd manufactures axles and transmission systems for agricultural tractors and construction vehicles. The company manufactures mechanical transmissions, clutches, hydraulic lifts, planetary drives, axles for agricultural and construction equipment including components, parts, and spares. Carraro India Limited develops complex engineering products and solutions for original equipment manufacturers. The Company offers axles, transmission systems, gears, and other related components for the agricultural tractor and construction vehicle industries.
Carraro India Limited was incorporated as Carraro India Private Limited on April 11, 1997, as a Private Limited Company issued by the Registrar of Companies Delhi. The company operates from its registered office in Ranjangaon, Pune, and serves customers across India. The company completed its Initial Public Offering in December 2024, with 17,755,682 equity shares listed on the National Stock Exchange and BSE Limited.
The company operates as a key player in the automotive components industry, specializing in drive systems and transmission components. In 2016, the Company launched a steering axle applicable for 4WD vehicles, launched a steering portal axle in 2022, and the T135 transmission system in 2023. The company has been expanding its product portfolio to cater to the evolving needs of the agricultural and construction equipment sectors.
The Company acquired 99% shareholding in Carraro Technologies India Private Limited, and it has become a subsidiary of the Company with effect from June 28, 2024. This acquisition demonstrates the company's strategic expansion plans and commitment to strengthening its technological capabilities.
The company's financial performance has shown consistent growth. Carraro India Limited announced its financial results for the year ended March 31, 2025, reporting a net profit of Rs 861.87 million, representing a 42% increase from Rs 605.81 million in the previous year. The company's revenue from operations grew 1.2% to Rs 17,921.53 million in FY25 compared to Rs 17,704.54 million in FY24.
For the fourth quarter ended March 31, 2025, the company reported a profit of Rs 231.09 million and revenue of Rs 4,406.07 million. Carraro India Ltd's revenue jumped 13.02% since the last year's same period to ₹447.87 Cr in Q4 2024-2025. Carraro India Ltd's net profit jumped 30.33% since the last year's same period to ₹23.72 Cr in Q4 2024-2025.
• FY2025 Annual Performance:
• Revenue: ₹17,921.53 million (March 2025)
• Net Profit: ₹861.87 million (March 2025)
• Earnings per share (EPS): ₹15.16 (FY25) from ₹10.66 (previous year)
• Final dividend of ₹4.55 per equity share recommended.
• Q4 FY2025 Quarterly Performance:
• Revenue: ₹4,406.07 million (₹447.87 Cr)
• Net Profit: ₹231.09 million (₹23.72 Cr)
• Market Capitalization: ₹2,597 Crore (as of recent market data)
• Promoter Holding: 68.77% (as of Mar 2025)
The company has a market capitalization of ₹ 2,597 Cr as of recent market data. Carraro India aims for 8-12% revenue growth in FY26, driven by strong demand for four-wheel drive axles and exports. The company's strategic focus on four-wheel drive systems positions it well to capitalize on the growing demand in the agricultural and construction equipment sectors.
Promoter holding in Carraro India Ltd has gone down to 68.77 per cent as of Mar 2025 from 100.00 per cent as of Dec 2024. This change in promoter holding reflects the company's public listing and the dilution following the IPO.
The Board of Directors also approved several key appointments during the meeting held on May 27, 2025. These included the re-appointment of Dr. Balaji Gopalan as Managing Director for approximately three years and six months starting February 2026, and Mr. Sudhendra Mannikar as Whole-time Director and Chief Operating Officer for a similar tenure starting March 2026.
Carraro India Ltd's shareholder lock-in period ends, making 2.8 crore shares (49% of equity) eligible for trading, valued at ₹1,234 crore. This development provides additional liquidity to the stock and allows for broader market participation.
The automotive components industry has been experiencing steady growth driven by increased vehicle production and technological advancements. Carraro India's position as a specialized manufacturer of transmission systems and axles places it at the forefront of this growth trend, particularly in the agricultural and construction equipment segments.
The company's focus on export markets and domestic demand for advanced four-wheel drive systems provides multiple growth avenues. With its established manufacturing capabilities and strategic product development initiatives, Carraro India is well-positioned to capitalize on the expanding market opportunities in the automotive components sector.
