Tenneco Clean Air India Limited

Auto Parts: OEM/ NSE

Compiled

Auto-generated from filings and public channels — no analyst dossier.

If management delivers what it guided

arithmetic on filed guidance and past valuations · not a price target

TENNIND

FY26 → FY28 · 2 years of guidance · ~1.7 years from today₹538 today

BEAR

₹316

-41%-28% a yr

5.8% a year · 18.9x exit

BASE

₹447

-17%-10% a yr

10% a year · 24.7x exit

BULL

₹740

+38%+21% a yr

13.6% a year · 38.4x exit

Where the market has priced it

9x36x today118x

the guided figure reached earnings through a low-confidence bridge
this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 39 Auto Parts: OEM peers

How these numbers are produced

Earnings base	FY26 fiscal year EPS ₹14.95 (screener)
Guided growth	10% a year, said on the call of 09-Jun-2026 · transcript
Read across as	operating: unlabelled growth figure, read as revenue — low confidence
Delivery calibration	0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings
Exit multiple	18.87x / 24.73x / 38.36x, this company’s own p20 / median / p80 across 39 filed years
Filed-industry peers	median 24.73x across 39 peers — the cross-check, not the input
Arithmetic	base EPS × (1 + guided growth × delivery)² × exit multiple

Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.

How to read this

It answers one question. If this management delivers the growth it told its own investors it would, and the market pays what it has historically paid for this company's earnings, where does the arithmetic land? Nothing here is a forecast of the share price.
Three cases, two moving parts. Bear, base and bull vary the delivery — what fraction of guidance managements actually file — and the exit multiple together, because a company that misses its guidance is usually de-rated for missing it. Each case shows the growth rate and the multiple that produced it.
Read the width, not just the middle. A wide gap between bear and bull means the inputs are uncertain, not that the upside is bigger. A narrow range is a more confident statement than a high one.
“Where the market has priced it” puts today's P/E on the company's own historical range. Sitting far below that range is why a scenario can look enormous: the number is then mostly about re-rating, not about delivery, and the board marks those separately.
The bullets underneath are the caveats — a borrowed peer multiple, a thin filed history, an earnings base that carried a one-off. They are the reasons to trust the number less, listed rather than buried.

Not a price target, not a recommendation, and not a forecast of what the stock will do. The field guide covers the method.

What management said

from NSE earnings-call filings · extracted, not interpreted

generic growth 10%

This provides 100% visibility of our FY 2028 internal revenue target and underpins a double-digit growth trajectory over the medium term.

Call 09-Jun-2026 · bridge confidence low · transcript PDF

Coverage

SectorAuto Parts: OEM

Dossiersnone

Guidanceyes

Scenarioyes

Street chatter

unverified · logged from public channels

Secured multiple large global deals.

Won full vehicle programmes in Q1.

Signed US$100 million Tenneco contract.

Won Japanese OEM vehicle programme.

Secured multi-year European luxury OEM deal.

Order win27 Jul 03:25

TENNECO CLEAN AIR: Reports strong FY26 growth with ₹12,400 Cr order book and expansion capex plans.

Order win02 Jun 13:29

BPCL: UNIT SIGNS DEAL TO ACQUIRE 100% OF IBV BRAZIL PETROLEO

TATA TECHNOLOGIES: EXPANDS GLOBAL MOBILITY PARTNERSHIP WITH TENNECO THROUGH $100M ENGAGEMENT

V-MART RETAIL: Q1 FY27 REVENUE UP 23% YOY TO ₹1,089 CR; SSSG 9%; ADDS NET 14 STORES

FORCE MOTORS: JUNE TOTAL SALES 3,568 UNITS VS 2,889 UNITS, UP 23.5% YOY

MANGALAM GLOBAL EN

Mention only01 Jul 13:53