Carraro India IPO, one of the upcoming IPOs in India, is set to open for subscription from December 20, 2024 to December 24, 2024.
Carraro India IPO is a book-built issue of ₹1,250.00 crore. The issue is entirely an offer for sale of 1.78 crore shares. The IPO price band is set at ₹668 to ₹704 per share. The minimum lot size for an application is 21. The minimum investment needed by retail investors is ₹14,784.
Here are the key financials of the company for a better analysis of its performance.
| Particulars | For the six months period ended September 30, 2024 | For the six months period ended September 30, 2023 | Financial Year ended March 31, 2024 | Financial Year ended March 31, 2023 | Financial Year ended March 31, 2022 |
| Revenue from operations (₹ in million) | 9,146.19 | 9,610.27 | 17,889.65 | 17,131.45 | 14,975.43 |
| Net worth (₹ in million) | 4,194.42 | 3,629.62 | 3,698.19 | 3,373.76 | 2,924.92 |
| Profit for the year (₹ in million) | 497.34 | 249.37 | 625.63 | 484.59 | 224.26 |
| EBITDA (₹ in million) | 1,010.96 | 661.45 | 1,499.95 | 1,248.11 | 828.63 |
| EBITDA margin (%) | 10.96 | 6.81 | 8.30 | 7.20 | 5.45 |
| Net working capital (₹ in million) | 2,175.63 | 1,512.95 | 1,389.61 | 1,611.48 | 837.91 |
| Total borrowings (₹ in million) | 1,957.77 | 1,967.93 | 2,125.46 | 1,883.30 | 1,781.38 |
For the six-month period ending September 30, 2024, the company’s total revenue from operations was ₹9,146.19 million, slightly lower than ₹9,610.27 million in the same period in 2023. In FY 2024, the revenue breakdown by product sector reveals that agricultural tractors generated ₹4,250.34 million, construction vehicles contributed ₹3,576.03 million, and other products accounted for ₹1,201.50 million.
Regarding geography, India remained the primary market with ₹5,955.68 million in revenue, while exports brought in ₹3,150.68 million. The European Union accounted for the largest portion of exports at ₹3,027.09 million, followed by smaller contributions from Asia (₹90.85 million) and the Americas (₹24.48 million).
For the financial year ended March 31, 2024, the total revenue from operations reached ₹17,889.65 million, a notable increase compared to ₹17,131.45 million in 2023. In FY 2024, the revenue by product sector showed agricultural tractors contributing ₹7,933.86 million, construction vehicles generating ₹7,271.77 million, and other products bringing in ₹2,406.30 million.
In terms of geographical distribution, in FY 2024, India contributed ₹11,412.99 million, while exports totalled ₹6,384.05 million. The European Union once again dominated exports with ₹6,164.34 million, followed by the Americas (₹77.00 million) and Asia (₹142.53 million).
Carraro India is a technology-driven, integrated supplier that develops complex engineering products and solutions for original equipment manufacturer (OEM) customers. As an independent tier 1 solution provider, it specialises in axles, transmission systems, and gears for the agricultural tractor and construction vehicle industries in India. The company supports the entire value chain, offering solutions for axles, transmission systems, gears, and other related components, with in-house capabilities for product design and manufacturing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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