AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 28 Sep - Mr. Sanjay Kumar superannuates 30 Sep 2026; Mr. Dheeraj Kumar Rai appointed Director of Manufacturing from 1 Oct 2026.
Source: Bse
Carraro India Limited (CARRARO)
Small CapAuto stocks · Small cap · NSE
Carraro India Limited operates in Transmission Systems, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹474.9
-29.10 · -5.77%
Market cap ₹2,951 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result06 Aug, 11:48 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -3.0% / mo · MACD −
Stock trend: 19
Sector RS: 49
Sector 3M: -6.3% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CARRAROD candles · FIT view-12.7%Latest close ₹474.90 on 2026-10-19
Bar
-6.1%
RSI
31
MACD hist
-3.55
52W pos
23%
2026-10-19O ₹505.95H ₹506.90L ₹472.00C ₹474.90Vol 4.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CARRARONifty AutoNifty 500
- CARRARO
- -15.5%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -9.9 pp
Chart stats
19 Oct 2026- From 52W high
- -28.9%
- 52W range position
- 23%
- ATR (14)
- 3.5%
- Volume vs 20D
- 4.15x
- Avg traded value
- ₹5.7 Cr
- 20D price channel
- ₹472 - ₹556.9
₹667.6
₹416 - ₹667.6
₹16.5
Latest completed session
20-session average
34.5% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · UNDERVALUED72
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad22
Revenue +10.6% · PAT +6.9% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model+47.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence87
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +11% YoY · PAT +7% YoY
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹545 Cr | +10.6% | -10.2% |
| EBITDA | ₹44 Cr | -8.3% | -30.2% |
| Operating margin | 8.0% | -200 bps | -200 bps |
| PAT | ₹31 Cr | +6.9% | -26.2% |
| PAT margin | 5.7% | -19 bps | -123 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 21.10
- P/B
- 5.23
- EV/EBITDA
- 11.90
- Market Cap
- 2951.00Cr
Profitability
- ROE
- 26.70%
- ROCE
- 29.30%
- ROA
- 10.48%
- Dividend Y
- 1.30%
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 42.00%
Balance Sheet
- Debt/Equity
- 0.27
- Interest Coverage
- 11.32×
- Altman Z
- 5.61
- Book Value
- 99.30
Cash Flow
- FCF Yield
- 3.76%
- FCF Positive Y
- 5/5
- OCF
- 135.00 Cr
- EPS TTM
- 23.37
Shareholding
- Promoter Hold
- 68.77%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 41%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 2,255+24.7% vs prev
Net Profit
₹ CrLatest: 131+48.9% vs prev
Return on Equity
%Latest: 23.2+20.7% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 31.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~3.1% over last month) — short-term momentum negative.
- RSI(14) at 31 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 29% off 52W high · 14% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
50
RS percentile
Stage 1 Base / Transition
1M return
-9.5%
3M return
-15.5%
6M return
-15.7%
1Y return
-1.6%
RS 1D
-4
RS 20D
-12
Sector rank
#3
Industry rank
#30
Stage evidence
- Price is 11.1% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.8% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 106.36-4.80%
RS vs Nifty 500106
Valuation & peers
U-Score 72 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 72 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation10/30
Growth19/25
Quality19/20
Balance Sheet11/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
72
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
72/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 3.8%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 47.3%.
Main drags
- Valuation is weaker at 10/30; verify the latest quarterly trend.
- Balance sheet is weaker at 11/15; verify the latest quarterly trend.
- Growth is weaker at 19/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
21.1
PB
5.2
EV/EBITDA
11.9
ROE
26.7%
ROCE
29.3%
FCF Yield
3.8%
Debt/Equity
0.3
MoS
+47.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
72
Previous: 72
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+47.3%
Previous: +47.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
72
72
72
72
72
72
72
72
72
72
72
72
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹228.5
-107.8% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹900.91
+47.3% MoS
PEG
0.75
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MAYURUNIQ
Small
Mayur Uniquoters Ltd
Auto Components
match 139
67
14.8
18.0%
+59%
UNDERVALUED
AUTOAXLES
Small
Automotive Axles Limited
Auto Components
match 139
73
13.9
16.2%
+64%
UNDERVALUED
FMGOETZE
Small
Federal-Mogul Goetze (India) Limited.
Auto Components
match 138
67
13.5
13.5%
+62%
UNDERVALUED
TALBROAUTO
Small
Talbros Automotive Components Limited
Auto Components
match 138
60
23.0
14.9%
+49%
UNDERVALUED
MMFL
Small
MM Forgings Limited
Auto Components
match 137
46
23.7
10.5%
+62%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Carraro India Limited operates in Transmission Systems, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
87Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 99th percentile of the scored universe and 99th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
32 docs text-extracted · 12 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
99th percentile
overall median 67 · Auto: 99th pctile, median 74 · Small: 100th pctile, median 66
Evidence depth
Financial-only
32 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 68.8%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 3.7%.
- ▸5 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Carraro India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Carraro India to meet analysts/investors on 22 September 2026 in Mumbai.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep - Carraro India Limited has informed about the schedule of meeting with Analyst/Investors
Source: Bse
Announcement
Announcement Under Regulation 30 (LODR)- Intimation Of Receipt Of Order-In-Original From Commissioner Of Customs 4 Sep - Customs order demands ₹15.25 crore IGST plus interest and ₹5 crore penalty; company will appeal to CESTAT.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Carraro India Limited has informed about Newspaper Publications regarding the notice of 29th Annual General Meeting of the Company.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Aug
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 13 Jul - India Ratings revised Carraro India’s outlook to Positive, affirmed IND A+, and upgraded short-term rating to IND A1+.
Source: Bse
Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 13 Jul - India Ratings revised Carraro India’s outlook to Positive, affirmed IND A+, and upgraded short-term rating to IND A1+.
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.