Published: 20th Dec 2024
By: Value Research
Carraro India designs, manufactures, and supplies axles, transmissions, and gears, which are crucial components in agricultural tractors and construction vehicles. Presently, the company has over 1,700 employees spread across its two manufacturing plants and a research and development centre in Pune.
EBIT is earnings before interest and taxes PAT is profit after tax TTM (trailing twelve months) is as of September 2024
ROE is return on equity ROCE is return on capital employed TTM is as of September 2024
The company has a strong customer base both in India and abroad, with some of its major clients being Mahindra, ACE, Volvo, TAFE and CNH Industrial.
As of FY24, Carraro India derived 85% of its revenue from its top 10 customers. Hence, losing any of these key customers can significantly impact the company's financials.
The company derives 45% of its revenue from the agriculture tractor business as of FY24, which is seasonal in nature. Thus, during periods of poor or low demand, Carraro India’s financials are also affected.