Tenneco Clean Air India Limited is a leading Tier-I auto components manufacturer supplying clean air, powertrain and suspension solutions to major Indian and global OEMs. It earns revenue by supplying critical, technology-intensive components used in passenger vehicles, commercial trucks, off-highway vehicles, two-wheelers and industrial engines. Its products are essential for emission control, vehicle safety and ride quality.

The Company is led by Promoter, i.e., TENNECO MAURITIUS HOLDINGS LIMITED, TENNECO (MAURITIUS) LIMITED, FEDERAL-MOGUL INVESTMENTS B.V., FEDERAL-MOGUL PTY LTD AND TENNECO LLC

The Revenues from operations for the Period ended on June 30 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹13,164.30 Million, ₹49,314.45 Million, ₹55,373.88 Million, and ₹48,869.56 Million, The EBITDA for the Period ended on June 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹2,288.80 Million, ₹  8,152.39 Million, ₹6,120.85 Million, and ₹5,706.34 Million, The Profit after Tax for the Period ended on June 30, 2025 and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹1,680.88 Million, ₹5,531.43 Million, ₹4,167.87 Million, and ₹3,810.43 Million, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹13.68 and post-issue EPS of ₹13.68 for FY25. The pre-issue P/E ratio is 29.02x, while the post-issue P/E ratio is 29.02x against the Industry P/E ratio is 48.34x The company's ROE for FY25 is NA and RoNW is 46.65%. The Annualised EPS is ₹16.63x and P/E is 23.87x. These metrics suggest that the IPO is Fully priced.

The Grey Market Premium (GMP) of   Tenneco Clean Air India showing listing gains of  17.16%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Apply to the Tenneco Clean Air India Limited IPO for Listing gain or Long Term Purposes.