91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Carraro India Limited IPO Analysis

Carraro India IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1250.00 Cr. The company is based in Pune and caters to Engineering - Automotive sector. Axis Capital , Bnp Paribas , Nuvama Wealth Management are the merchant bankers of Carraro India IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 23rd August 2024.

Carraro India IPO posted revenues of ₹ 1845.48 crores and PAT of ₹ 99.46 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,829.20 Cr.
            EBITDA: ₹ 202.00 Cr.
            PAT: ₹ 99.40 Cr.
  • EBITDA Margin: 11.04 %
            Pat Margin: 5.43 %
  • Net Worth: ₹ 419.50 Cr.
  • Market Capitalisation: ₹ 4002.35 Cr.
  • P/E: 40.24 times
  • P/BV: 2.40 times
  • EV/EBITDA: 20.30 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Carraro India IPO Financial Performance (Restated)

Financial results of Carraro India IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-24 FY24 FY23 FY22
Balance Sheet
Assets 1093.40 1072.80 1072.30 1012.40
Net Worth 419.50 369.90 337.50 292.60
Total Debt 195.70 212.50 188.30 178.10
Profit & Loss
Revenue
Revenue on annualised basis
914.60
1,829.20
1788.90 1713.10 1497.50
EBITDA
EBITDA on annualised basis
101.00
202.00
149.90 124.80 82.80
PAT
PAT on annualised basis
49.70
99.40
62.50 48.40 22.40
Financials
30-Sep-24
FY24
FY23
FY22
Balance Sheet
Assets
1093.40
1072.80
1072.30
1012.40

Net Worth
419.50
369.90
337.50
292.60

Total Debt
195.70
212.50
188.30
178.10

Profit & Loss
Revenue
Revenue on annualised basis
914.60
1,829.20
1788.90
1713.10
1497.50

EBITDA
EBITDA on annualised basis
101.00
202.00
149.90
124.80
82.80

PAT
PAT on annualised basis
49.70
99.40
62.50
48.40
22.40

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Carraro India IPO Key performance Indicators (KPI)

Carraro India IPO PAT Margin is 5.43 % , ROCE (Return on Capital Employed) is 13.13 % as per latest financial. The below table shows Carraro India IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-24 FY24 FY23 FY22
EBITDA Margin (%) 11.04 8.38 7.29 5.53
PAT Margin (%) 5.43 3.49 2.83 1.50
EPS (₹) 8.75 11.00 8.52 3.94
ROE (%) 11.85 16.90 14.34 7.66
ROCE (%) 13.13 19.35 16.30 10.00
ROA (%) 4.55 5.83 4.51 2.21
Debt to Equity 0.47 0.57 0.56 0.61
Particulars
30-Sep-24
FY24
FY23
FY22

EBITDA Margin (%)
11.04
8.38
7.29
5.53

PAT Margin (%)
5.43
3.49
2.83
1.50

EPS (₹)
8.75
11.00
8.52
3.94

ROE (%)
11.85
16.90
14.34
7.66

ROCE (%)
13.13
19.35
16.30
10.00

ROA (%)
4.55
5.83
4.51
2.21

Debt to Equity (x)  
0.47
0.57
0.56
0.61

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Carraro India IPO Valuation Metrics

The market Capitalisation of Carraro India IPO is ₹ 4002.35 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
4002.35

Enterprise Value (EV) (₹ Cr.):
4,101.05

EV/EBITDA (times) :
20.30

PE Multiple (times) :
40.24

P/B (times) :
2.40

NAV (₹) :
73.78

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Carraro India prospectus?

The Carraro India IPO prospectus highlights an Return on Equity (ROE) of 11.85 % , Return on Assets (ROA) of 4.55 %, and an EBITDA Margin of 11.04 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Carraro India IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Carraro India IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Carraro India IPO ?

The post-IPO market capitalisation of Carraro India IPO is ₹ 4002.35 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Carraro India IPO?

The Carraro India IPO has a Price-to-Earnings (PE) ratio of 40.24 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Carraro India IPO?

Carraro India IPO reported revenue of ₹ 1845.48 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Carraro India IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Carraro India IPO?

Carraro India recorded an EBITDA of ₹ 202.00 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Carraro India IPO?

Carraro India Profit After Tax (PAT) is ₹ 99.40 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,829.20 Cr.
            EBITDA: ₹ 202.00 Cr.
            PAT: ₹ 99.40 Cr.
  • EBITDA Margin: 11.04 %
            Pat Margin: 5.43 %
  • Net Worth: ₹ 419.50 Cr.
  • Market Capitalisation: ₹ 4002.35 Cr.
  • P/E: 40.24 times
  • P/BV: 2.40 times
  • EV/EBITDA: 20.30 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Carraro India operates in Engineering - Automotive and Manufacturing Components Ranging From The Smallest Gear To Complete Tractor Manufacturing.. The Issue is listed on BSE,NSE in Dec, 2024. Carraro India IPO size was 1250.00 with Issue price of 704.00 .

Merchant Banker(s) of Carraro India IPO: Axis Capital Limited , Bnp Paribas , Nuvama Wealth Management Limited

Carraro India IPO subscription was 1.18 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Carraro India IPO listed at a listing price of 651.00 against the offer price of 704.00.

The current market price of Carraro India is 460.15.

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