In Week of Mar 28, 2026, Tenneco Clean Air India Ltd (Auto Ancillaries - Others) is outperforming Nifty 500 with +14.6% relative strength. Fundamentals: Weak. On a 6-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 earnings • Updated Feb 22, 2026
What: New greenfield plant production targeted to commence in Q3 FY27
“Board approved development of new greenfield plant in Kharkhoda, Haryana with production targeted to commence in Q3 FY27”
What: Advanced suspension technology with ₹2,200m annual revenue potential
Impact: +₹2200 Cr revenue
“DaVinci DCx program carries estimated annual revenue potential of approximately INR 2,200 million”
What: Modular BSVI aftertreatment system with ₹1,150m annual revenue potential
Impact: +₹1150 Cr revenue
“Clean Air program win with European commercial vehicle OEM has estimated annual revenue potential of approximately INR 1,150 million”
Earnings deceleration risks from management commentary
Trigger: Implementation of new regulations
Impact: -530 bps margin impact
Management view: PAT decline due to one-time impact of INR 203 million related to implementation of new labor code
Monitor: Regulatory compliance costs
Trigger: RM cost spike above sustainable levels
Management view: Performance remains linked to automotive production volumes, regulatory emission norms, and raw material price movements
Monitor: RM cost trends
Key quotes from recent conference calls
“The board approved development of a new greenfield plant in Kharkhoda, Haryana, involving planned capital expenditure of approximately INR 710 million. Production is targeted to commence in Q3 FY27, strengthening proximity to northern customers and supporting the Light Vehicle, Off-Highway, and Tractor segments. — Management”
“EBITDA margin on a VAR basis improved to 18.6% from 17.1% in the prior-year quarter, supported by operating leverage, commercial actions, and cost discipline. — Management”
“The company indicated that its lifetime order book provides visibility covering projected FY2028 revenue. — Management”
“Key items to monitor include the ramp-up of the DaVinci DCx program, execution timelines for the Kharkhoda plant, sustainability of EBITDA margins amid segment mix changes, export growth trajectory, and conversion of the existing order book into realized revenue. — Management”
Forward-looking targets from management for Next 2-4 quarters
Capex Plan
₹710 Cr
Key Milestones
• DaVinci DCx program ramp-up
• Kharkhoda plant execution
• EBITDA margin sustainability
• Export growth trajectory
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +14% | +1% | Insufficient Data |
| PAT (Net Profit) | -5% | +20% | Insufficient Data |
| OPM | 17.0% | +100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Feb 22, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Tenneco Clean Air India Ltd's latest quarterly results (Dec 2025) show
Tenneco Clean Air India Ltd's profit is declining with an insufficient_data trend.
Tenneco Clean Air India Ltd's revenue growth trend is insufficient_data.
Tenneco Clean Air India Ltd's operating margin is stable.
Tenneco Clean Air India Ltd's long-term compounding rates
Tenneco Clean Air India Ltd's earnings growth is insufficient_data with weakening on a sequential basis.
Tenneco Clean Air India Ltd appears significantly overvalued based on our fair value analysis.
Tenneco Clean Air India Ltd's current PE ratio is 38.0x.
Tenneco Clean Air India Ltd's current PE is 38.0x.
Tenneco Clean Air India Ltd's price-to-book ratio is 23.4x.
Tenneco Clean Air India Ltd is rated Weak with a fundamental score of 27.74/100. This score is calculated from objective financial metrics
Tenneco Clean Air India Ltd has a debt-to-equity ratio of N/A.
Tenneco Clean Air India Ltd's return ratios over recent years
Tenneco Clean Air India Ltd's operating cash flow is positive (FY2025).
Tenneco Clean Air India Ltd currently does not pay a significant dividend (yield 0.00%).
Tenneco Clean Air India Ltd's shareholding pattern (Dec 2025)
Tenneco Clean Air India Ltd has been outperforming Nifty 500 for 6 consecutive weeks, indicating building momentum.
Tenneco Clean Air India Ltd is an established outperformer with 6 weeks of consecutive Nifty 500 outperformance.
Tenneco Clean Air India Ltd has 3 key growth catalysts identified from recent earnings analysis
Tenneco Clean Air India Ltd has 2 key risks worth monitoring
In Q3 FY26, Tenneco Clean Air India Ltd's management highlighted
Tenneco Clean Air India Ltd's management has provided the following forward guidance for Next 2-4 quarters
Based on quantitative research signals, here is why Tenneco Clean Air India Ltd may be worth studying
Tenneco Clean Air India Ltd investment thesis summary:
Tenneco Clean Air India Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
