Is Carraro India the Best Stock in Its Sector? A Look at the Numbers
- September 24, 2026
- Posted by: Kunal Singla
- Category: Market
Carraro India CMP Rs 548 (24 Sep 2026). Market cap Rs 3,155 Cr. ROE 23.12%. P/E 23.75x versus Industry P/E 38.96x.
Quick Answer
Carraro India is one of the names investors compare when screening the Automobile & Ancillaries sector, built on a 23.12% return on equity and a P/E of 23.75x against an Industry P/E of 38.96x. Whether Carraro India is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Automobile & Ancillaries sector peers, so you can judge that for yourself.
Is Carraro India the best stock in its sector? The stock trades on the NSE at Rs 548 as of 24 September 2026, within its 52-week range of Rs 416.00 to Rs 667.55. Carraro India Ltd manufactures axles and transmission systems for tractors and off-highway vehicles, the Indian arm of Italy’s Carraro Group.
Carraro India sits in the Automobile & Ancillaries sector, and its 23.12% ROE and 23.75x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Carraro India
Carraro India Ltd manufactures axles and transmission systems for tractors and off-highway vehicles, the Indian arm of Italy’s Carraro Group. It manufactures axles and transmission systems for tractors and off-highway vehicles, the Indian listed arm of Italy’s Carraro Group. At a market capitalisation of Rs 3,155 Cr, it is tracked as part of the Automobile & Ancillaries sector on Univest.
Is Carraro India the Best Stock in Its Sector?
Carraro India makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 23.12% ROE with a 23.75x P/E against the sector’s 38.96x Industry P/E. Carraro India’s 23.75x P/E is well below the 38.96x Industry P/E despite a 23.12% ROE ahead of Bharat Seats’ in this comparison, making it look inexpensive relative to its own quality.
| Metric | Carraro India |
|---|---|
| CMP (NSE) | Rs 547.60 |
| 52-Week High / Low | Rs 667.55 / Rs 416.00 |
| Market Cap | Rs 3,155 Cr |
| P/E (TTM) vs Industry P/E | 23.75x vs 38.96x |
| P/B | 5.59 |
| ROE | 23.12% |
| EPS (TTM) | Rs 23.37 |
| Dividend Yield | 1.22% |
| Debt to Equity | 0.27 |
Compare Carraro India Against Other Automobile & Ancillaries Sector Stocks
How Carraro India Compares Against Its Automobile & Ancillaries Sector Peers
The table below sets Carraro India against 2 other Automobile & Ancillaries sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Carraro India | 3,155 | 23.75 | 23.12% | 0.27 |
| Bharat Seats | 1,383 | 29.88 | 18.39% | 0.48 |
| Bharat Gears | 155 | 10.34 | 12.58% | 0.56 |
| Peer average (2 companies) | – | 20.11 | 15.48% | 0.52 |
Against this peer set, Carraro India’s 23.12% ROE is above the 15.48% peer average, and its P/E of 23.75x runs above the peer average of 20.11x. Carraro India’s 23.75x P/E is well below the 38.96x Industry P/E despite a 23.12% ROE ahead of Bharat Seats’ in this comparison, making it look inexpensive relative to its own quality.
What Makes Carraro India Worth Watching in Automobile & Ancillaries
- Well below Industry P/E: A 23.75x P/E against a 38.96x Industry P/E is a discount for a business with a 23.12% ROE.
- Strong ROE: A 23.12% ROE is among the strongest in the auto ancillary names covered in this series.
- Axle and transmission manufacturing niche: Manufacturing axles and transmission systems for tractors and off-highway vehicles gives Carraro India a specialised, technical product line.
Carraro India Valuation: Is It Justified?
Carraro India’s 23.75x P/E is well below the 38.96x Industry P/E despite a 23.12% ROE ahead of Bharat Seats’ in this comparison, making it look inexpensive relative to its own quality. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Carraro India and other Automobile & Ancillaries sector stocks.
How to Track Carraro India Before You Invest
Before deciding whether Carraro India deserves its label as the best stock in its sector for your own portfolio, compare it directly against Automobile & Ancillaries sector peers using the steps below.
- Open the Univest Screener and search for Carraro India to view live price, valuation ratios, and peer comparisons within the Automobile & Ancillaries sector.
- Compare its P/E, P/B, and ROE against other Automobile & Ancillaries sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Carraro India earns a place in the best stock in its sector conversation on the strength of a 23.12% ROE and a P/E of 23.75x against a 38.96x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Carraro India the best stock in its sector?
Ans. Carraro India has a 23.12% ROE and trades at 23.75x P/E against a 38.96x Industry P/E, and compares above the peer average ROE of 15.48% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Carraro India?
Ans. Carraro India was trading at Rs 547.60 on the NSE as of 24 September 2026, within its 52-week range of Rs 416.00 to Rs 667.55.
What sector does Carraro India belong to?
Ans. Carraro India is classified under the Automobile & Ancillaries sector on Univest.
How does Carraro India compare to its sector peers on P/E?
Ans. Carraro India’s P/E of 23.75x is above the 20.11x average of the 2 named peers compared in this article.
What is Carraro India’s return on equity?
Ans. Carraro India reported a return on equity of 23.12%, which is above the 15.48% average of its named peers in this comparison.
Should I invest in Carraro India based on its sector position?
Ans. Carraro India’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
