Company Overview
The company is a subsidiary of Tenneco Inc., a U.S.-headquartered global Tier 1 automotive component supplier specializing in emission control and powertrain solutions.IPO is a 100% Offer for Sale (OFS), meaning no fresh capital is raised for the company—all proceeds go to selling shareholders. The IPO is garnering strong investor interest with impressive listing gains anticipated.
Offer Details
| Category | Amount (₹ Cr) |
|---|---|
| Offer for Sale (OFS) | ₹3,600 crore |
| Total | 100% |
Why Invest in Tenneco Clean Air IPO?
- Market Leadership: Dominant positions (57-68% market share) in critical emission control segments
- Financial Excellence: 56.78% ROCE, 42.65% ROE, and 16.67% EBITDA margin demonstrate exceptional capital efficiency
- Technology Moat: Access to global Tenneco Inc. R&D, patents, and trademarks; proven localization capabilities
- OEM Partnerships: All major Indian automakers as customers with long-term, technologically-integrated relationships
- Manufacturing Footprint: 12 strategically-located plants enabling cost competitiveness and supply-chain resilience
- Positive Cash Generation: Strong operating cash flows with low capex intensity; net cash positive balance sheet
- Export Potential: Growing international presence across 18-22 countries; positioned as global manufacturing hub
Disclaimer: All information provided on this page is for educational purposes only and should not be considered as financial advice.
Financial Performance
| Metric | FY 2024 | FY 2025 | Q1 FY26 |
|---|---|---|---|
| Total Income (₹ Cr) | ₹5,468 | ₹4,890 | ₹1,286 |
| PAT (₹ Cr) | ₹ 417 | ₹552 | ₹168 |
Key Valuation Metrics
| Metric | Value |
|---|---|
| Estimated Market Cap (Upper Band) | ~₹16,023 crore |
| FY25 Revenue | ₹4,890 Cr |
| FY25 PAT | ₹552 Cr |
Investment Highlights
Tenneco Clean Air IPO IPO presents a Good OPPORTUNITY requiring careful evaluation of individual risk tolerance and investment horizon.
Key Strengths
- Market Leadership: Dominant positions (57-68% market share) in critical emission control segments
- Financial Excellence: 56.78% ROCE, 42.65% ROE, and 16.67% EBITDA margin demonstrate exceptional capital efficiency
- Technology Moat: Access to global Tenneco Inc. R&D, patents, and trademarks; proven localization capabilities
- OEM Partnerships: All major Indian automakers as customers with long-term, technologically-integrated relationships
- Manufacturing Footprint: 12 strategically-located plants enabling cost competitiveness and supply-chain resilience
- Positive Cash Generation: Strong operating cash flows with low capex intensity; net cash positive balance sheet
- Export Potential: Growing international presence across 18-22 countries; positioned as global manufacturing hub
Risk Factors
- Customer Concentration Risk (HIGH)
- Cyclicality & Automotive Sector Exposure
- EV Transition Uncertainty
- Intense Competition & Pricing Pressures
Leadership & Investors
Pre-IPO Investor Base