Tenneco Clean Air India Ltd logo

Tenneco Clean Air India Ltd

TENNIND NSE

Key Fundamentals

Smallcap
Market Cap
₹21,988 Cr
Volatility
Moderate
P/E Ratio
36.24
EBITDA
₹984 Cr
Return on Equity
50.34%
Debt to Equity
0.04
Book Value
₹29.67
52W High
₹657
52W Low
₹438.05

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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32 extracted metrics + investor summaries across FY23–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 42.0%
  • Company has been maintaining a healthy dividend payout of 100.0%

Weaknesses

1
  • Stock is trading at 18.4 times its book value

Growth Rate

Revenue Growth
10.78%
Net Income Growth
9.27%
Cash Flow Change
154.18%
ROE
46.72%
ROCE
43.63%
EBITDA Margin (Avg.)
3.80%

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Tenneco Clean Air India Ltd is a small-cap company (market cap ₹22,985 Cr) trading at a PE of 38.1x and 19.2x book value, with an exceptionally high 3-year ROE of 42% and a 100% dividend payout policy yielding 4.5%. The company is almost debt-free but operates in a niche auto component segment with limited historical growth data available.

Bull Case 7
  • Virtually debt-free balance sheet, providing financial flexibility and resilience during downturns
  • Exceptional return on equity at 44% in the last year, indicating highly efficient capital deployment
  • 3-year average ROE of 42% demonstrates consistent profitability, not a one-off result
  • Dividend yield of 4.5% is significantly above market average, supported by 100% payout ratio
  • TTM sales growth of 15% shows accelerating top-line momentum compared to 3-year CAGR of 4%
  • Compounded profit growth of 18% over 3 years outpaces sales growth of 4%, reflecting margin expansion
  • Zero debt structure means no interest burden, allowing full operating profit to flow to shareholders
Bear Case 8
  • Stock trades at 19.2x book value, an extremely elevated valuation that prices in significant future growth
  • PE ratio of 38.1x is demanding for an auto component company with only 9% TTM profit growth
  • 3-year sales CAGR of just 4% indicates sluggish top-line growth over the medium term
  • TTM profit growth of only 9% is decelerating sharply from the 18% 3-year CAGR, suggesting margin pressure ahead
  • 100% dividend payout leaves zero retained earnings for organic growth or capacity expansion
  • Small market cap of ₹22,985 Cr may result in lower liquidity and higher price volatility
  • Limited long-term data availability (5-year and 10-year growth metrics missing) makes trend analysis difficult
  • Niche exposure to emission control systems faces regulatory and technology transition risks as EV adoption grows

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 1
  • Promoters sell 15% stake Aug 14

    Tenneco Mauritius Holdings and Tenneco (Mauritius) sold 15% stake via open market, reducing promoter holding to 51.84%. Large promoter selling can signal reduced confidence or overhang on stock price.

Positives 4
  • Record FY26 annual results Aug 6

    VAR up 12.3% to INR 49,180 Million, EBITDA margin at 18.8%, PAT at INR 6,044 Million, ROCE at 94%, and order book at INR 1,24,000 Million.

  • SBI MF acquires 5.2% stake Aug 17

    SBI Mutual Fund bought 2.11 crore shares on Aug 12 via open market, bringing total holding to 6.1% of paid-up capital. Institutional buying signals strong conviction.

  • Strong Q1FY27 results Aug 5

    Consolidated revenue of ₹15,448 million and net profit of ₹1,652 million for Q1FY27. Standalone revenue at ₹6,466 million.

  • BRSR report filed for FY26 Aug 6

    Tenneco submitted its Business Responsibility and Sustainability Report for FY2025-26, disclosing ESG performance and governance frameworks, improving institutional eligibility.

Neutral 3
  • AGM scheduled for Aug 28 Aug 3

    8th AGM to be held via video conferencing on August 28, 2026, with remote e-voting facilitated by CDSL.

  • 2 lakh ESOPs granted at ₹10 Aug 21

    NRC approved 2,00,453 stock options at ₹10 exercise price under ESOP Scheme 2025, within the shareholder-approved limit of 80.7 lakh options.

  • Q1FY27 earnings call recording released Aug 6

    Audio recording of earnings call held Aug 6 featuring CEO Arvind Chandrasekharan and CFO Mahender Chhabra now available.

TL;DR: Tenneco Clean Air India delivered record FY26 results with 94% ROCE and a robust INR 1.24 lakh crore order book, while Q1FY27 sustained strong momentum. SBI MF's 5.2% stake acquisition validates institutional interest. The key risk is the 15% promoter stake sale which reduces skin-in-the-game to 51.84%. Overall trend is strongly positive on fundamentals, though promoter selling warrants monitoring for further dilution.

Quarterly Results

  Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,169
1,125
1,326
1,286
1,281
1,285
1,552
1,545
Expenses
963
947
1,107
1,057
1,064
1,063
1,295
1,298
Operating Profit
205
178
219
229
217
223
257
247
OPM %
18%
16%
17%
18%
17%
17%
17%
16%
Other Income
1
19
6
31
12
-22
11
9
Interest
4
5
7
7
11
7
9
8
Depreciation
25
27
26
25
26
28
29
28
PBT
177
165
192
227
192
165
231
219
Tax %
23%
24%
27%
26%
22%
28%
28%
25%
Net Profit
137
125
140
168
151
119
167
165
EPS in Rs
6.39
5.85
3.47
4.16
3.73
2.94
4.13
4.09
Figures in ₹ Crores

Profit & Loss

  Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,827
5,468
4,890
5,404
5,663
Expenses
4,256
4,855
4,075
4,479
4,720
Operating Profit
571
613
815
925
943
OPM %
12%
11%
17%
17%
17%
Other Income
59
69
41
32
10
Interest
22
25
20
34
35
Depreciation
101
104
103
108
111
PBT
508
553
733
816
808
Tax %
25%
25%
25%
26%
Net Profit
381
417
553
604
602
EPS in Rs
17.8
19.46
13.68
14.95
14.89
Div. Payout %
41%
46%
82%
172%
Figures in ₹ Crores

Balance Sheet

  Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
313
214
404
404
Reserves
895
766
1,206
794
Borrowings
31
15
20
52
Other Liabilities
1,190
1,140
1,202
1,288
Total Liabilities
2,429
2,135
2,831
2,537
Fixed Assets
631
608
582
582
CWIP
18
37
31
58
Investments
1
1
0
0
Other Assets
1,779
1,490
2,218
1,897
Total Assets
2,429
2,135
2,831
2,537
Figures in ₹ Crores

Cash Flow

  Mar 2023Mar 2024Mar 2025Mar 2026
Operating
538
488
562
1,429
Investing
-13
-30
-27
-69
Financing
-394
-686
-433
-1,075
Net Cash Flow
130
-228
103
285
Free Cash Flow
475
391
500
1,345
CFO/OP
118
98
93
190
Figures in ₹ Crores

Ratios

  Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
43
37
51
43
Inventory Days
42
31
31
35
Days Payable
100
86
100
111
Cash Conversion Cycle
-16
-18
-18
-33
Working Capital Days
-9
-7
-8
-4
ROCE %
52%
57%
61%

Shareholding Pattern

As of Jun 2026
Promoters 74.79%
DIIs 11.44%
FIIs 9.69%
Public 3.02%
Others 1.07%
Total 100.01%
  Jun 2025Nov 2025Dec 2025Mar 2026Jun 2026
Promoters
100.00%
74.79%
74.79%
74.79%
74.79%
FIIs
0.00%
4.27%
8.41%
8.94%
9.69%
DIIs
0.00%
9.71%
12.00%
12.57%
11.44%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
11.20%
3.29%
2.59%
3.02%
Others
0.00%
0.03%
1.50%
1.11%
1.07%
No. of Shareholders
7
21
1,77,073
1,36,462
1,38,042

Documents

Frequently Asked Questions about Tenneco Clean Air India Ltd

What does Tenneco Clean Air India Ltd do?
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]
Where is Tenneco Clean Air India Ltd (TENNIND) listed?
Tenneco Clean Air India Ltd is listed on the Indian stock exchanges. It is listed on NSE: TENNIND and BSE: 544612. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Tenneco Clean Air India Ltd belong to?
Tenneco Clean Air India Ltd operates in the Consumer Discretionary sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Tenneco Clean Air India Ltd?
Tenneco Clean Air India Ltd has a market capitalisation of approximately ₹21988.36 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Tenneco Clean Air India Ltd?
The Price-to-Earnings (PE) ratio of Tenneco Clean Air India Ltd is 36.24. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Tenneco Clean Air India Ltd?
Over the past 52 weeks, Tenneco Clean Air India Ltd has traded between a low of ₹438.05 and a high of ₹657. This range helps investors understand the stock's price volatility and recent trading levels.
Does Tenneco Clean Air India Ltd pay dividends?
Yes, Tenneco Clean Air India Ltd has a dividend yield of 4.71%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Tenneco Clean Air India Ltd?
Tenneco Clean Air India Ltd has a Return on Equity (ROE) of 50.34%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Tenneco Clean Air India Ltd on Tapetide?
On Tapetide, you can view Tenneco Clean Air India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Listed 2025-11-19
Face Value ₹ 10
Issued Size 40,36,04,309

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