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Tenneco Clean Air India

TENNIND NSE
₹464.25 +5.75 (+1.25%)
P/E
31.18
View as Markdown
MCP
Close 4 Nov 2026 ₹464.25 −26.55 −5.41% since 19 Nov 2025
Start ₹490.80

Key Fundamentals

Smallcap

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
60.80%
Debt to Equity
0.04
EPS (TTM)
₹14.89
Book Value
₹29.67
Market Cap
—
P/E (TTM)
31.18
P/B
15.65
ROE
44.40%
Dividend Yield
5.60%
EBITDA
₹984 Cr
52W High
₹657.00
52W Low
₹419.10
Day Range
₹453.65 – ₹468.00
Volume
5,60,691

Peer Comparison

Consumer Discretionary › Auto Components › Auto Components & Equipments

Tenneco Clean Air peer comparison
Samvardhana Motherson International
₹159.4938.43₹1,68,660 Cr3.980.37%11.20%13.40%₹1,31,135 Cr₹4,556 Cr
Bosch
₹50,925.0063.56₹1,48,351 Cr10.110.54%14.60%21.50%₹21,088 Cr₹2,363 Cr
Bharat Forge
₹1,812.80122.74₹86,739 Cr7.650.48%12.00%12.60%₹17,543 Cr₹715 Cr
UNO Minda
₹1,196.9057.49₹67,494 Cr10.130.24%19.30%19.60%₹20,725 Cr₹1,291 Cr
Sona BLW Precision Forgings
₹893.7074.48₹56,293 Cr8.700.38%11.70%15.10%₹4,514 Cr₹746 Cr
Schaeffler India
₹3,507.2042.47₹55,555 Cr8.920.99%20.80%27.90%₹10,192 Cr₹1,292 Cr
Tube Investment
₹2,250.5071.81₹42,644 Cr5.620.16%9.95%17.10%₹23,754 Cr₹1,109 Cr
Tenneco Clean Air (this company)
₹464.2531.18₹18,808 Cr15.655.60%44.40%60.80%₹5,663 Cr₹602 Cr
Median 8 companies₹1,504.8560.53₹61,893 Cr8.810.43%13.30%18.35%₹19,134 Cr₹1,200 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

61 Good

Data confidence 98/100

Category scores

Quality
86
Strong
Returns, margins, earnings quality 22% weight
Valuation
55
Average
Cheap vs sector & own history 24% weight
Growth
53
Average
Sales & profit trajectory 9% weight
Financial Health
88
Strong
Solvency, leverage, coverage 9% weight
Momentum
14
Poor
Trend strength, vol-adjusted 12% weight
Ownership
65
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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

2
  • Stock is trading at 14.9 times its book value
  • Promoter holding has decreased over last quarter: -15.0%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish847
OscillatorsBullish243
Moving AveragesStrong Bearish604

Key readings

RSI (14)
48.99
Neutral
MACD (12,26,9)
−13.48
Bullish
SMA (50)
493.07
Bearish
SMA (200)
546.46
Bearish

As of

Analyst Rating

Based on 6 analysts
BUY83%

5 of 6 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
5
83%
HOLD
0
0%
SELL
1
17%

Growth Rate

From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
3Y+3.84%
1Y+10.51%
TTM+15.43%

Net profit

Net profit growth by window
3Y+16.60%
1Y+9.22%
TTM+5.61%

Operating cash flow

Operating cash flow growth by window
3Y+38.49%
1Y+154.27%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
3Y+5.29 pp
1Y+0.45 pp
TTM−0.27 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2023₹4,827 Cr
Mar 2024₹5,468 Cr
Mar 2025₹4,890 Cr
Mar 2026₹5,404 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2023₹381 Cr
Mar 2024₹417 Cr
Mar 2025₹553 Cr
Mar 2026₹604 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹253 Cr −1.0% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

As of 2026-11-02, Tenneco Clean Air India Ltd trades at ₹449.75 with a market cap of ₹17,679.89 crore, a P/E (TTM) of 30.2x, and an ROE of 50.34%. The company is virtually debt-free with a debt-to-equity ratio of 0.04 and offers a dividend yield of roughly 5.96%, but the stock trades at 15.16x book value and has seen a 15% decline in promoter holding over the last quarter.

Bull Case 8
  • Exceptional return on equity of 50.34% as of 2026-11-02, with a 3-year average ROE of 42%, indicating highly efficient capital deployment relative to most listed peers.
  • Near debt-free balance sheet with a debt-to-equity ratio of just 0.04, providing financial resilience and flexibility through business cycles.
  • Attractive dividend yield of approximately 5.96% backed by a 100% dividend payout ratio, offering meaningful income to shareholders.
  • Strong ROCE of 64.33% suggests the business generates robust returns on total capital employed, reflecting pricing power or operational efficiency in its niche.
  • Compounded profit growth of 18% over three years demonstrates sustained earnings expansion.
  • TTM sales growth of 15% indicates an acceleration in top-line momentum compared to the 3-year compounded sales growth of 4%.
  • The stock is approximately 31.5% below its 52-week high of ₹657, which some investors may view as a more favourable entry zone relative to recent trading history.
  • Last-year ROE of 44% remains well above typical industrial averages, suggesting the high-return profile is not a one-off occurrence.
Bear Case 7
  • Promoter holding declined by 15.0% over the last quarter, a significant reduction that may signal reduced promoter confidence or strategic repositioning.
  • P/E (TTM) of 30.2x against TTM earnings growth of 9% yields a PEG well above 1, suggesting the valuation may already price in optimistic growth expectations.
  • Three-year compounded sales growth of only 4% indicates muted top-line expansion over a medium-term horizon, raising questions about sustainable demand growth.
  • TTM profit growth of 9% has decelerated meaningfully from the 3-year compounded profit growth of 18%, hinting at potential margin or volume headwinds.
  • A 100% dividend payout ratio, while shareholder-friendly, leaves no retained earnings for organic reinvestment, potentially constraining future growth without external funding.
  • The stock sits only about 7.3% above its 52-week low of ₹419.10, reflecting weak recent price momentum and possible negative market sentiment.
  • Operating in the auto-component clean-air segment exposes the company to regulatory shifts, EV adoption trends, and OEM concentration risk, any of which could disrupt demand.

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

AI News Digest

9h ago

TL;DR: Tenneco Clean Air India faces mounting regulatory and tax headwinds, with a ₹567 Cr GST show cause notice and a ₹372 Mn stamp duty demand both emerging in recent months. There are no positive catalysts in the current news cycle. The company says it has legal grounds to challenge the stamp duty order, but the trend of escalating demands is a clear risk to watch.

Headwinds 2
  • ₹567 Cr GST demand notice Oct 06

    Tenneco Clean Air India received a show cause notice for FY23 excess ITC claim, with demands totalling ₹28.5 Cr in tax, ₹22.4 Cr in interest, and ₹5.7 Cr in penalty.

  • ₹372 Mn stamp duty dispute Nov 04

    Collector of Stamps issued a ₹372.04 Mn demand comprising ₹128.46 Mn stamp duty (after adjusting ₹7.78 Mn already paid) and a sharply increased penalty of ₹243.59 Mn versus the initially proposed ₹68.12 Mn, related to the 2019 NCLT-sanctioned demerger.

Quarterly Results

₹ Cr
TENNIND quarterly results, ₹ crore
Particulars 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 (₹)
6.39
5.85
3.47
4.16
3.73
2.94
4.13
4.09

Profit & Loss

₹ Cr
TENNIND profit and loss, annual, ₹ crore
Particulars 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 (₹)
17.8
19.46
13.68
14.95
14.89
Div. Payout %
41%
46%
82%
172%
—

Balance Sheet

₹ Cr
TENNIND balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
TENNIND cash flow, annual, ₹ crore
Particulars 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/EBITDA
118
98
93
190

Ratios

TENNIND financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Tenneco Clean Air insights

58 extracted metrics across FY23–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 59.79%
  • DIIs 22.69%
  • FIIs 11.91%
  • Public 4.00%
  • Others 1.61%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Tenneco Clean Air India

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.
Where is Tenneco Clean Air India Ltd (TENNIND) listed?
Tenneco Clean Air India Ltd trades as TENNIND on the NSE and under code 544612 on the BSE.
Which sector does Tenneco Clean Air India Ltd belong to?
Tenneco Clean Air India Ltd is classified under the Consumer Discretionary sector, in the Auto Components industry.
What is the PE ratio of Tenneco Clean Air India Ltd?
Tenneco Clean Air India Ltd trades at a PE ratio of 31.18 as of 4 Nov 2026, on earnings per share of ₹14.89, against a book value of ₹29.67 per share.
What is the 52-week high and low of Tenneco Clean Air India Ltd?
Over the last 52 weeks Tenneco Clean Air India Ltd has traded between ₹419.1 and ₹657 as of 4 Nov 2026.
Does Tenneco Clean Air India Ltd pay dividends?
Tenneco Clean Air India Ltd has a dividend yield of 5.60%.
What is the Return on Equity (ROE) of Tenneco Clean Air India Ltd?
Tenneco Clean Air India Ltd reported a return on equity of 44.40%. Its debt-to-equity ratio is 0.04.

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.

Website tennecoindia.com
Listed 19 Nov 2025
Face Value ₹10

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