Stock Performance and Recent Gains
On 12 Feb 2026, Carraro India Ltd reached an intraday peak of Rs.614.25, marking its highest price in the last 52 weeks. The stock outperformed its sector by 4.03% on the day, closing with a notable 3.03% gain. This advance forms part of a broader upward trend, with the stock recording nine consecutive days of gains, accumulating a remarkable 22.2% return during this period.
The stock’s current price comfortably exceeds all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained buying interest and positive technical momentum. This consistent upward trajectory contrasts with the broader market, where the Sensex opened 265.21 points lower and traded down 0.38% at 83,917.60, remaining 2.67% shy of its own 52-week high of 86,159.02.
Long-Term Performance and Market Comparison
Over the past year, Carraro India Ltd has delivered a stellar return of 69.37%, significantly outpacing the Sensex’s 10.17% gain and the BSE500’s 12.77% return. This outperformance highlights the company’s strong position within the auto components and equipment sector, which has seen selective growth amid broader market fluctuations.
The stock’s 52-week low stands at Rs.253, emphasising the scale of its recovery and growth over the last twelve months. This substantial appreciation reflects both operational strength and favourable market conditions supporting the company’s valuation.
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Financial Metrics Underpinning the Rally
Carraro India Ltd’s recent price surge is supported by strong financial fundamentals. The company reported net sales of Rs.1,155.85 crores over the latest six months, reflecting a growth rate of 29.98%. Operating profit has expanded at an annualised rate of 53.98%, with the latest quarterly PBDIT reaching a record Rs.55.23 crores. Profit before tax excluding other income also hit a high of Rs.39.24 crores in the quarter.
The company’s return on capital employed (ROCE) stands at an impressive 19.16%, indicating efficient utilisation of capital to generate profits. This figure improved to 20.7% in recent assessments, reinforcing the company’s operational effectiveness. Additionally, the debt to EBITDA ratio remains low at 0.79 times, signalling a strong capacity to service debt and maintain financial stability.
These robust financial indicators have contributed to the company’s upgrade in Mojo Grade from Hold to Buy as of 29 Jan 2026, with a Mojo Score of 74.0. The market capitalisation grade is rated at 3, reflecting a mid-cap status with solid growth prospects.
Sector Context and Market Environment
The auto components and equipment sector has experienced selective strength, with Carraro India Ltd emerging as a notable outperformer. While the Sensex has been on a three-week consecutive rise, gaining 2.92%, it remains below its 50-day moving average, though the 50DMA itself is above the 200DMA, indicating a cautiously positive medium-term trend.
Within this environment, Carraro India Ltd’s stock has demonstrated resilience and momentum, supported by consistent quarterly positive results and a healthy operating profit growth of 5.3% in the December 2025 quarter. The company has declared positive results for two consecutive quarters, reinforcing confidence in its earnings trajectory.
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Institutional Holding and Risk Considerations
Despite the strong performance, institutional investors have marginally reduced their stake by 0.8% over the previous quarter, currently holding 19.84% of the company’s shares. This slight decline in institutional participation is noteworthy given their typically superior analytical resources and influence on stock liquidity and valuation.
While the company’s fundamentals remain robust, this shift in institutional ownership may warrant monitoring as part of a comprehensive assessment of the stock’s market dynamics.
Summary of Key Financial and Market Indicators
Carraro India Ltd’s recent rally to Rs.614.25 represents a significant milestone, supported by:
- 69.37% return over the past year, outperforming the Sensex by nearly sevenfold
- Strong ROCE of 19.16% to 20.7%, indicating efficient capital use
- Low debt to EBITDA ratio of 0.79 times, reflecting financial prudence
- Consistent growth in operating profit and net sales, with positive quarterly results
- Trading above all major moving averages, confirming technical strength
This combination of financial strength and market momentum has propelled Carraro India Ltd to its highest price point in a year, underscoring its position as a leading player in the auto components sector.
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