Tenneco Clean Air India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹17,295 Cr
- P/E
- 27.89
- ROE
- 44.41%
- PEG
- 1.56
- Price to sales
- 3.07
- Debt to equity
- 0.04
- 52W high / low
- ₹651 / ₹428
- EBITDA margin
- 16.66%
- Net profit margin
- 11.55%
- Promoter holding
- 74.79%
- Sales (last year)
- ₹5,663 Cr
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain products for automotive applications.[1]
Guidance scorecard · Q1 FY27 call
What Tenneco Clean Air India Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ1 FY27 call
10–20%- Served addressable market (SAM) growth expected around 16%; excluding EV impact and certain OEMs, adjusted SAM growth is about 8-10%.
- Continued gains with new and existing customers, especially in commercial vehicles and passenger vehicle segments.
- New product launches planned, notably DaVinci technology in suspension and Clean Air Powertrain segments, expected to drive growth through March 2027.
- Exports currently 7% of revenues; expected to grow faster than domestic business due to global partnerships and India as an export hub.
- Advanced Ride Technologies (ART) business growing strongly, with about 27.9% year-on-year VAR growth.
- Order book growth steady with mid-teen percentage growth expected over 2 years; careful management to scale capacity.
2 more points from Tenneco Clean Air India Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Tenneco Clean Air India Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Planned capex for FY27 is approximately INR 350 crores to INR 450 crores, fully funded through internal accruals.
- Capex will be allocated towards both Clean Air and Powertrain business segments, including Advanced Ride Technologies (ART).
- Includes investments for two new plants already announced, amounting to about INR 140 crores.
- Some portion of the capex is export-oriented to support export growth plans.
2 more points from Tenneco Clean Air India Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Tenneco Clean Air India Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- It reports order books semi-annually.
- Last known order book was around INR 12,400 crores.
- The order book is expected to grow at a mid-teen percentage rate over two years, with no change in outlook since the last update.
- Significant new wins include multiple new customers in suspension business and Clean Air, driven by innovative DaVinci technology.
- Export order book proportion is increasing, with exports making up about 7% of total revenue, and export order book portion of total orders between 14%-20%.
2 more points from Tenneco Clean Air India Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | 40%+ | Flat | ₹428 Cr | 17.5 | |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Tenneco Clean Air India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Tenneco Clean Air India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|
| Sales + | 1,169 | 1,125 | 1,286 | 1,281 | 1,285 |
| Expenses + | 963 | 947 | 1,057 | 1,064 | 1,063 |
| Operating Profit | 205 | 178 | 229 | 217 | 223 |
| OPM % | 18% | 16% | 18% | 17% | 17% |
| Other Income + | 1 | 19 | 31 | 12 | -22 |
| Interest | 4 | 5 | 7 | 11 | 7 |
| Depreciation | 25 | 27 | 25 | 26 | 28 |
| Profit before tax | 177 | 165 | 227 | 192 | 165 |
| Tax % | 23% | 24% | 26% | 22% | 28% |
| Net Profit + | 137 | 125 | 168 | 151 | 119 |
| EPS in Rs | 6.39 | 5.85 | 4.16 | 3.73 | 2.94 |
Financials of Tenneco Clean Air India Ltd
Profit & Loss
Annual income statement trend
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Sales + | 4,827 | 5,468 | 4,890 |
| Expenses + | 4,256 | 4,855 | 4,075 |
| Operating Profit | 571 | 613 | 815 |
| OPM % | 12% | 11% | 17% |
| Other Income + | 59 | 69 | 41 |
| Interest | 22 | 25 | 20 |
| Depreciation | 101 | 104 | 103 |
| Profit before tax | 508 | 553 | 733 |
| Tax % | 25% | 25% | 25% |
| Net Profit + | 381 | 417 | 553 |
| EPS in Rs | 17.80 | 19.46 | 13.68 |
| Dividend Payout % | 41% | 46% | 82% |
Financials of Tenneco Clean Air India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 313 | 214 | 404 | 404 |
| Reserves | 895 | 766 | 1,206 | 514 |
| Borrowings + | 31 | 15 | 20 | 23 |
| Other Liabilities + | 1,190 | 1,140 | 1,202 | 1,201 |
| Total Liabilities | 2,429 | 2,135 | 2,831 | 2,141 |
| Fixed Assets + | 631 | 608 | 582 | 557 |
| CWIP | 18 | 37 | 31 | 66 |
| Investments | 1 | 1 | 0 | 0 |
| Other Assets + | 1,779 | 1,490 | 2,218 | 1,518 |
| Total Assets | 2,429 | 2,135 | 2,831 | 2,141 |
Financials of Tenneco Clean Air India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Cash from Operating Activity + | 538 | 488 | 562 |
| Cash from Investing Activity + | -13 | -30 | -27 |
| Cash from Financing Activity + | -394 | -686 | -433 |
| Net Cash Flow | 130 | -228 | 103 |
| Free Cash Flow | 475 | 391 | 500 |
| CFO/OP | 118% | 98% | 93% |
Financials of Tenneco Clean Air India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 43 | 37 | 51 |
| Inventory Days | 42 | 31 | 31 |
| Days Payable | 100 | 86 | 101 |
| Cash Conversion Cycle | -16 | -18 | -18 |
| Working Capital Days | -9 | -7 | -8 |
| ROCE % | 52% | 57% |
Guidance history
How Tenneco Clean Air India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | None planned | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Tenneco Clean Air India Ltd's management said in earlier quarters
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