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TENNIND IPO

Tenneco Clean Air India Limited
Start Date12-11-2025
Application Timing10am-5pm
Price Range₹378 - ₹397
Min Qty37
Min. Investment₹13986
Listing Date19-11-2025
Close Date14-11-2025

About Tenneco Clean Air India Limited

Tenneco Clean Air India Ltd. was incorporated in 2018 and operates as a subsidiary of Tenneco Inc., a global leader in the design and manufacturing of clean air and powertrain products for the automotive industry. The company focuses primarily on emission control and after-treatment technologies, supporting both light and commercial vehicle manufacturers to comply with stringent environmental norms such as Bharat Stage VI.

Tenneco Clean Air’s product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust systems, which play a crucial role in reducing vehicle emissions. The company also operates in the Powertrain Solutions and Advanced Ride Technologies segments, producing shock absorbers, struts, and suspension systems for major Indian and global OEMs.

With 12 manufacturing facilities across seven states and one union territory, Tenneco Clean Air has built a strong and flexible manufacturing footprint. The company leverages Tenneco Group’s global R&D expertise to deliver innovative, modular, and cost-effective solutions suited for Indian market conditions.

Why To Invest in Tenneco Clean Air India Limited

Strong Global Parentage: Backed by Tenneco Inc., a renowned global automotive components manufacturer with advanced technology and innovation expertise.

Market Leadership in Emission Control: One of the top suppliers of clean air and powertrain solutions in India, catering to major OEMs.

Diversified Product Portfolio: Offers a range of emission control, powertrain, and suspension systems, ensuring stability across automotive segments.

Innovation-Driven Growth: Strong R&D focus and access to Tenneco’s international technologies help the company stay ahead in emission compliance and sustainability.

Solid Financial Performance: Despite a revenue decline of 11% in FY25, profit after tax rose by 33%, reflecting improved operational efficiency.

Strong Return Ratios: ROE at 42.65% and ROCE at 56.78% demonstrate effective capital utilization and profitability.

Financial Table
Period Ended30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets2,918.772,831.582,136.262,429.65
Total Income1,316.434,931.455,537.394,886.96
Profit After Tax168.09553.14416.79381.04
EBITDA228.88815.24612.09570.63
NET Worth1,250.381,255.091,116.591,378.82
Reserves and Surplus1,204.301,208.76767.26896.05
Strengths And Risks
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Market Leadership in Clean Air Solutions: Tenneco Clean Air is a leading supplier of advanced emission control and powertrain solutions, catering to top automobile manufacturers across India and globally.
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Strong Manufacturing Presence: The company operates 12 modern and automated plants located strategically across India, ensuring efficient production and supply chain management.
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Trusted OEM Partnerships: With long-standing relationships with major OEMs and Tier-1 suppliers, Tenneco enjoys a stable order pipeline and consistent business growth.
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Robust R&D and Innovation: A dedicated team of 145 engineers focuses on research and development, driving product innovation and technological advancement in clean air and powertrain systems.
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Global Technology Advantage: Leveraging Tenneco Group’s global expertise, the company adapts world-class technologies to meet local market needs and emission standards.
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Entirely an Offer for Sale (OFS): The IPO does not bring new capital into the company, as it only provides an exit route for existing shareholders.
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Dependence on Automotive Industry: Being closely linked to the automobile sector, any slowdown or regulatory change in the industry could directly impact company performance.
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Volatile Raw Material Prices: Fluctuations in raw material costs can affect profit margins, given the competitive pricing structure in the automotive component market.
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Client Concentration: A significant portion of revenue depends on a few large clients, posing a concentration risk if any major customer reduces orders.
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Intense Market Competition: The company faces strong competition from domestic and international component manufacturers, which could pressure pricing and market share.
FAQs
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