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India
As of 18 Sept 2026, 03:30 pm
Motilal Oswal initiated coverage on Tenneco Clean Air India with a 'Buy' rating. Their 'bull case' scenario projects a potential upside of approximately 75% from the current price, with a price target of ₹886, assuming a 22.7% revenue compound annual growth rate through FY29, full implementation of BS-VII, slower electric vehicle adoption, and faster suspension growth.
During the 8th AGM on August 28, 2026, shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Key appointments included the re-appointment of directors Mr. Prakash Mahesh and Mr. Nathan Patrick Bowen, and the appointment of Mr. Noah Jesse Falk as a Non-Executive Non-Independent Director. The AGM also approved a revision to the remuneration for CEO Mr. Arvind Chandrasekharan and appointed RPA & Partners as secretarial auditors.
As of September 17, 2026, the daily trend for Tenneco Clean Air India indicates a bearish Supertrend direction with the Supertrend level at ₹554.29. The 20-day Exponential Moving Average (EMA) is at ₹525.72, and the 50-day EMA is at ₹542.24. Key support levels identified are ₹511.52 (pivot), ₹503.03, ₹494.02, and ₹485.53. Resistance levels are noted at ₹520.53, ₹527.34, ₹529.02, and ₹536.30.
Tenneco Clean Air India's management is scheduled to attend the UBS Conference 2026 in Mumbai on September 10, 2026, and the Axis Capital Consumer & Tech Conference on September 11, 2026. Prior to this, management participated in the ASHWAMEDH - ELARA INDIA DIALOGUE 2026 on September 2-3, 2026, for in-person meetings with institutional investors. The company has stated that no unpublished price-sensitive information will be disclosed during these events.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 5 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 |
|---|---|---|---|---|
| Revenue From Operations | ₹1,544.75 crore | PEAK₹1,552.45 crore | ₹1,285.26 crore | ₹1,280.64 crore |
| Finance Costs | ₹8.38 crore | ₹8.76 crore | ₹7.12 crore | PEAK₹10.60 crore |
| Other Expenses | PEAK₹186.48 crore | ₹182.81 crore | ₹157.59 crore | ₹143.12 crore |
| Profit Before Tax | ₹219.40 crore | PEAK₹231.28 crore | ₹164.59 crore | ₹192.43 crore |
| Tax Expense | ₹54.17 crore | PEAK₹64.49 crore | ₹45.78 crore | ₹41.75 crore |
| Profit Loss For Period From Continuing Operations | ₹165.24 crore | PEAK₹166.78 crore | ₹118.81 crore | ₹150.68 crore |
Revenue decreased 0.5% sequentially to ₹1,544.75 crore, following a 20.8% jump in Q4 FY2025-26. Compared to Q2 FY2025-26 (₹1,280.64 crore), revenue has grown 20.6% over three quarters. The sequential decline was small, leaving revenue near the elevated Q4 level.
Profit before tax (PBT) fell 5.1% sequentially to ₹219.40 crore, from ₹231.28 crore in Q4. Tax expense decreased 16% to ₹54.17 crore, resulting in an effective tax rate of 24.7% compared to 27.9% in Q4. Consequently, net profit declined only 0.9% to ₹165.24 crore. Basic earnings per share was ₹4.09, down from ₹4.13 in Q4. No exceptional items were recorded in Q1, unlike Q3 FY2025-26 which included a negative exceptional item of ₹27.17 crore.
Tenneco Clean Air India’s revenue and net profit remained close to the previous quarter’s levels, despite a slight sequential dip in revenue. The rise in other expenses was mitigated by lower finance costs and a reduced tax rate, helping to preserve profitability. The quarter shows revenue and profit holding near the Q4 levels after a period of rapid growth.
Exchange disclosures and regulatory announcements for Tenneco Clean Air India.
Tenneco Clean Air India Limited announced on September 7, 2026, that its management team will attend the UBS Conference 2026 in Mumbai on September 10, 2026, and the Axis Capital Consumer & Tech Conference on September 11, 2026. The company confirmed that no unpublished price-sensitive information will be disclosed during these meetings and directed investors to its website for the latest presentation.
Tenneco Clean Air India Limited held its 8th Annual General Meeting on August 28, 2026, where seven resolutions were passed with requisite majorities following remote e-voting and in-person voting. Key outcomes included the re-appointment of directors Mr. Prakash Mahesh and Mr. Nathan Patrick Bowen, the appointment of Mr. Noah Jesse Falk as a Non-Executive Non-Independent Director, and approval for the revision of remuneration for CEO Mr. Arvind Chandrasekharan. The meeting also resulted in the adoption of audited standalone and consolidated financial statements for the fiscal year 2025-26 and the appointment of secretarial auditors.
Tenneco Clean Air India Limited held its 8th Annual General Meeting on August 28, 2026, where shareholders approved the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting resulted in the re-appointment of directors Prakash Mahesh and Nathan Patrick Bowen, the appointment of Noah Jesse Falk as a new Non-Executive Non-Independent Director, and the selection of RPA & Partners as Secretarial Auditors. Additionally, the AGM authorized a revision to the remuneration terms for Whole-time Director and CEO Arvind Chandrasekharan.
Tenneco Clean Air India Limited informed stock exchanges that its management team will attend the ASHWAMEDH - ELARA INDIA DIALOGUE 2026 in Mumbai on September 2-3, 2026, for in-person meetings with institutional investors. The company stated no unpublished price-sensitive information will be disclosed at the meetings.
Tenneco Clean Air India Limited has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 28-Aug-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
On August 21, 2026, the Nomination and Remuneration Committee of Tenneco Clean Air India Limited approved the grant of 2,00,453 employee stock options to eligible employees under the Employee Stock Option Plan 2025, within the shareholders' approved limit of 8,072,086 options. Each option is convertible into one equity share of INR 10 face value at an exercise price of INR 10 per option, with a 5-year exercise period from the date of vesting.
NAME(S)OF THE ACQUIRER AND ITS(PAC) : SBI Mutual Fund under its Various Schemes
Tenneco Clean Air India reported Q1 FY27 results with value-added revenue up 18.4% year-on-year to INR13,816 million and revenue from operations up 20.2% to INR15,448 million. EBITDA grew 7.9% to INR2,469 million, with an EBITDA margin of 17.9% on VAR. Profit after tax was INR1,652 million. The company’s Clean Air and Powertrain Solutions segment grew VAR by 9.6% year-on-year to INR6,626 million, while Advanced Ride Technologies grew VAR by 27.9% to INR7,190 million. Market share gains were reported across core businesses, and the company secured a spark plug order from one of India's largest passenger vehicle OEMs. Export revenues were slightly over 7% of overall revenue, and the company guided for capex of INR350-450 crores for FY27. The results were shared during an earnings call on August 6, 2026, following the declaration of results for Q1 FY2026-27.
Recent market and company developments associated with Tenneco Clean Air India.
Among the most bought industry wide stocks, LIC led that list as Mutual Funds piled into India's largest insurer during its mega Offer For Sale (OFS). Fund houses purchased LIC shares worth over ₹24,000 crore according to the Prime Database data. Other stocks in the list include HDFC Bank (₹5,492 crore), Bharti Airtel (₹3,870 crore), the newly listed Dhoot Transmission (₹3,130 crore) and Aster DM (₹2,967 crore).
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Motilal Oswal's bull case assumes 22.7% revenue CAGR through FY29, full implementation of BS-VII, slower EV adoption and faster suspension growth. This scenario gives Tenneco Clean Air a price target of ₹886, implying an upside potential of around 75% from the current price.
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Comprehensive Section Breakdown for Tenneco Clean Air India
Strategic Vision: Designs and manufactures clean air and powertrain products for automotive applications.
• Tier-1 automotive component supplier status
• Global Tier-1 supplier of automotive components and aftermarket parts
• Development of advanced technologies for emissions reduction and vehicle efficiency
In Q1 FY2026-27, Tenneco Clean Air India reported revenue from operations of ₹1,544.75 crore, nearly unchanged from ₹1,552.45 crore in the previous quarter. Net profit edged down 0.9% to ₹165.24 crore, as a rise in other expenses was partly offset by lower finance costs and a reduced tax expense. The quarter follows a period of rapid growth, with revenue up 20.6% from Q2 FY2025-26.
Other expenses rose 2% sequentially to ₹186.48 crore, continuing an upward trend over the past four quarters (up 30.3% from Q2 FY2025-26). Finance costs declined 4.3% from the previous quarter to ₹8.38 crore, and were 20.9% lower than in Q2 FY2025-26. Cost of materials consumed was ₹1,027.86 crore, employee benefit expense was ₹96.44 crore, and depreciation and amortisation was ₹27.76 crore in Q1. The increase in other expenses was partly offset by the reduction in finance costs.
Tenneco Clean Air India reported a strong start to FY2027 with value-added revenue (VAR) growing 18.4% year-on-year to INR 13,816 million, outperforming industry volume growth of 16.2% in its served addressable market. EBITDA margin remained resilient at 17.9% despite headwinds from commodity escalation and the cost of transitioning to a listed public company, reflecting the strength of its operating model with productivity improvements and commercial discipline. Profit after tax stood at INR 1,652 million, with PAT margin of 12.0%; excluding a one-time interest income benefit in the prior year, PAT growth was broadly in line with EBITDA growth.
Growth was driven by sustained execution of new program wins, higher content per vehicle, and an expanding customer base across both Advanced Ride Technologies (ART) and Clean Air & Powertrain (CA&PT) segments. In ART, the DCx Da Vinci suspension continued its market disruption with multiple new application wins and four new customers added in 2026, while the new DCx32 variant targets smaller vehicles to expand addressable market. In CA&PT, the company secured strategic nominations including a spark plug order from a leading passenger vehicle OEM, new exhaust and CNG programs, and an emission after-treatment system for a commercial vehicle OEM. Export markets also gained traction with maiden orders from a European ATV manufacturer and Tenneco America. Management remains focused on executing its strategy, investing in future technologies, and creating long-term value.
Category: Manufacturing
Delivers solutions that address global emissions standards and vehicle efficiency requirements through aftertreatment, energy recycling, and acoustic engineering.
Category: Manufacturing
Designs and manufactures powertrain products for automotive applications.
Category: Supply Chain
The aftermarket business segment of the broader Tenneco Group.
Core Thesis: The company's solutions are engineered to enhance vehicle performance, efficiency, and environmental responsibility.
• Aftertreatment Systems: Advanced technologies designed to reduce criteria pollutants to meet stringent emissions regulations. • Energy Recycling Solutions: Technologies that improve overall vehicle efficiency by converting waste into energy. • Acoustic Engineering: Innovative exhaust systems focused on defining a vehicle's acoustic signature through sound creation or cancellation.