Introduction
The machinery company, Carraro India, which deals in the development of engineering products and solutions for original equipment manufacturers and helps promote the features of India’s agricultural and construction vehicle industries, has received a Credit rating upgrade.
Read: Now, Get Airtel SIM in 10 minutes at your Doorstep as Bharti Airtel Partners with Blinkit
Commenting of Dr. Balaji Gopalan (Managing Director of the Company)
Dr. Balaji Gopalan said, “We welcome the upgrade of Carraro India Limited’s long-term and short-term credit rating to ‘IND A+”.
Dr. Gopalan acknowledged that this Credit rating upgrade is a fruit of the company’s robust financial health and strong creditworthiness.
He is taking this upgrade as an opportunity that will enhance the company’s financial flexibility by lowering borrowing costs in the future.
Gopalan said this will give the company the impetus to perform exceptionally well in FY26 and achieve its target of double-digit sales growth.
Share Price Insight of Carraro India
On 15 April 2025, Carraro India opened at ₹278.25 from its previous close of ₹276.60. Throughout the trading day (15 April 2025), the price of the stock faced many ups and downs, with a single-day high of ₹302.00, and it closed at ₹294.25.
On 16 April, Carraro India opened at ₹295.00 from its previous close of ₹₹294.25.
Latest News on Carraro India (16 April 2025)
As the latest news/update on Carraro India, at the time of writing today (16 April 2025), the company has received an updated credit rating from India Ratings and Research Pvt. Ltd. (a Fitch Group company).
The rating has been upgraded to IND A+ with Stable Outlook from IND A with Positive Outlook.
Stock Performance of Carraro India for 5 Days, 1 Month, and 6 Months:
In the last 5 days, Carraro India Share has given a 2.72% return, while in the last 1 month, it has given a -6.01% return. In 6 months, the price has fallen by 54.70%.
Shareholding Pattern of Carraro India
| Perticulars | Dec. 2024 | March 2025 |
| Promotors | 68.77% | 68.77% |
| FIIs | 3.52% | 4.02% |
| DIIs | 17.53% | 17.03% |
| Public | 10.18% | 10.18% |
About Carraro India Limited:
Carraro India is a machinery company that develops engineering products and provides solutions for original equipment manufacturers. The company mainly manufactures axles and transmission systems for agricultural tractors and construction vehicles.