Tenneco Clean Air India Limited (TENNIND) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Tenneco Clean Air India Limited ₹289, price ₹474, upside -38.9%, quality 90 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Tenneco Clean Air India Limited operates as a manufacturer and supplier of clean air and powertrain solutions. The company operates in two segments, clean air and powertrain solutions; and advanced ride technologies.
Show more
Tenneco Clean Air India Limited operates as a manufacturer and supplier of clean air and powertrain solutions. The company operates in two segments, clean air and powertrain solutions; and advanced ride technologies. The company designs, manufactures, and sells exhaust aftertreatment systems, such as catalytic converters, mufflers, and exhaust pipes; engine bearings, sealing systems, and ignition products, such as spark plugs and ignition coils; and shock absorbers, struts and dampers, suspension systems, and ride control technologies. Its products are used in passenger vehicles, commercial trucks, off-highway vehicles, industrial and other application, including generator sets, small commercial vehicles, two wheelers and three wheelers. Tenneco Clean Air India. Limited was founded in 1979 and is based in Gurugram, India. Tenneco Clean Air India Limited operates as a subsidiary of Tenneco Mauritius Holdings Limited.
Stock analysis
Tenneco Clean Air India Limited (TENNIND) currently trades at ₹473.70, while our model-based Fair Value estimate is ₹289.31, 38.9% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ₹353.19 per share, and 0 of the 26 models we run sit above the ₹473.70 price.
Bear case: the Economic Profit group reads lowest at ₹86.05, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹220.52 (bear) to ₹358.10 (bull), the price of ₹473.70 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 90/100 (high quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Tenneco Clean Air India Limited reported revenue of ₹54.0B in FY2026 versus ₹48.0B in FY2023, a compound +4.0%/yr. Reported net income was ₹6.0B in FY2026, compounding +16.6%/yr from FY2023.
Key figures
Market cap ₹191B (≈ $2.0B) · P/E ratio 31.8 · P/S ratio 3.55 · EPS (TTM) ₹14.89 · Dividend yield 5.4% · Net margin 11.2% · Return on equity 43.0% · Return on assets (EBIT) 25.2%.
What moves the price
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at −39%, TENNIND screens richer than that median.
Fair Value models
Bear ₹220.52Fair Value ₹289.31Bull ₹358.10
Price ₹473.70 · Upside -38.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹7.95 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)5.4%
Profit margin 2023 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 15%
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +7.5% a year for the price and +8.4% for the forecasts.
Compare Tenneco Clean Air India Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 664 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score90 · Top 25%
Fair Value upside−38.9% · Below median
Profitability
Return on equity (TTM)43.0% · Top 25%
Return on assets19.0% · Top 25%
Net margin (TTM)10.6% · Top 25%
Operating margin (TTM)14.2% · Top 25%
Growth and dividend
Revenue growth20.1% · Top 25%
Dividend yield (TTM)5.4% · Top 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (TTM)31.8× · Pricier than median
P/B15.97× · Priciest 25%
P/S (TTM)3.38× · Priciest 25%
P/FCF14.6× · Cheaper than median
EV/EBITDA19.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)100· sector 31
PAST (return on equity)100· sector 30
HEALTH (low debt)100· sector 95
DIVIDEND (yield)100· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Tenneco Clean Air India Limited Fair Value". https://www.fairvalue-calculator.com/stock/TENNIND
Frequently asked questions
Is Tenneco Clean Air India Limited (TENNIND) overvalued or undervalued?
As of Oct 12, 2026, our model estimates a fair value of ₹289.31 versus a price of ₹473.70, about −39% upside (overvalued).
What is the fair value of TENNIND?
Our model-based fair value for Tenneco Clean Air India Limited is ₹289.31 (as of Oct 12, 2026), built from audited fundamentals. The current price: ₹473.70.
What is the quality score of TENNIND?
Tenneco Clean Air India Limited has a Quality Score of 90/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Tenneco Clean Air India Limited (TENNIND)?
Our model-based price target is the fair value of ₹289.31 (as of Oct 12, 2026) from 26 valuation models. Cautious scenario ₹220.52, optimistic scenario ₹358.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Tenneco Clean Air India Limited stock forecast for 2026?
Our models put fair value at ₹289.31, about −39% upside versus a price of ₹473.70 (overvalued). Cautious scenario ₹220.52, optimistic scenario ₹358.10. The calculation is refreshed regularly with new filings.
What is the revenue of Tenneco Clean Air India Limited (TENNIND)?
Tenneco Clean Air India Limited reported trailing-twelve-month revenue of about ₹56.6B (latest available figure, as of Oct 12, 2026).
Does Tenneco Clean Air India Limited pay a dividend?
Tenneco Clean Air India Limited currently shows a dividend yield of about 5.42% relative to its recent price (as of Oct 12, 2026).
What growth is priced into Tenneco Clean Air India Limited (TENNIND)?
For today's price to be fair in a discounted-cash-flow model, Tenneco Clean Air India Limited would have to grow free cash flow by +11.9 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +4.0 % per year. As of Oct 12, 2026.
What discount rate (WACC) does the fair value of TENNIND use?
Our models discount Tenneco Clean Air India Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Tenneco Clean Air India Limited that is +11.9 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Tenneco Clean Air India Limited (TENNIND) delivered so far?
Over the past 3 years revenue at Tenneco Clean Air India Limited grew +4.0 % a year. The price currently implies +11.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tenneco Clean Air India Limited (TENNIND) growing?
The median revenue growth in the sector is +6.8 % a year. That is the yardstick for the growth priced into Tenneco Clean Air India Limited (+11.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tenneco Clean Air India Limited (TENNIND)?
The free-cash-flow yield on the price is 6.88 %: that much free cash flow Tenneco Clean Air India Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tenneco Clean Air India Limited (TENNIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tenneco Clean Air India Limited it is ₹289.31 per share (as of Oct 12, 2026), against a price of ₹473.70. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Tenneco Clean Air India Limited stock overvalued or undervalued in 2026?
As of Oct 12, 2026, TENNIND trades above its calculated fair value: price ₹473.70, fair value ₹289.31, a gap of about −39% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TENNIND?
No. The price is what the market pays today (₹473.70); the fair value is what the company's own numbers justify (₹289.31). For Tenneco Clean Air India Limited the two are ₹184.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tenneco Clean Air India Limited worth?
The market values Tenneco Clean Air India Limited at about ₹191B (market capitalisation, as of Oct 12, 2026). Per share that is ₹473.70; our models calculate a fair value of ₹289.31 per share.
What do the bullish and bearish scenarios say about TENNIND?
Our models span a range for Tenneco Clean Air India Limited: cautious scenario ₹220.52, base ₹289.31, optimistic ₹358.10 per share (as of Oct 12, 2026, price ₹473.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TENNIND?
Tenneco Clean Air India Limited trades at a price-to-earnings ratio of 31.8 (as of Oct 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹289.31 is built from several models across several years. Other multiples: P/B 16.0, P/S 3.4, EV/EBITDA 19.9.
How solid is the balance sheet of Tenneco Clean Air India Limited (TENNIND)?
Balance-sheet figures for Tenneco Clean Air India Limited (as of Oct 12, 2026): return on equity 43.0%. They feed the Quality Score of 90/100, which measures business quality independently of the share price.
Which stocks are comparable to Tenneco Clean Air India Limited?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Tenneco Clean Air India Limited stock attractive at the current price?
The data as of Oct 12, 2026: price ₹473.70, calculated fair value ₹289.31 (−39%), Quality Score 90/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TENNIND calculated?
We run Tenneco Clean Air India Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹289.31, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Tenneco Clean Air India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Tenneco Clean Air India Limited (TENNIND)?
The closing price on Oct 9, 2026 was ₹473.70. Our model-based fair value is ₹289.31, about −39% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tenneco Clean Air India Limited right now?
A high-quality business (quality 90/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹358.10). The favourable scenario is already priced in.
Key figures of Tenneco Clean Air India Limited
How large is the market capitalisation of Tenneco Clean Air India Limited (TENNIND)?
The market capitalisation of Tenneco Clean Air India Limited is ₹191B (≈ $2.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Tenneco Clean Air India Limited (TENNIND)?
The price-to-sales ratio of Tenneco Clean Air India Limited is 3.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tenneco Clean Air India Limited (TENNIND)?
Earnings per share at Tenneco Clean Air India Limited are ₹14.89 (price ÷ EPS = P/E 31.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tenneco Clean Air India Limited (TENNIND)?
The dividend yield of Tenneco Clean Air India Limited is 5.4% (payout 172%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tenneco Clean Air India Limited (TENNIND)?
The net margin of Tenneco Clean Air India Limited is 11.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tenneco Clean Air India Limited (TENNIND)?
The return on equity (ROE) of Tenneco Clean Air India Limited is 43.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Tenneco Clean Air India Limited (TENNIND)?
On an EBIT basis the return on assets of Tenneco Clean Air India Limited is 25.2% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Tenneco Clean Air India Limited (TENNIND)?
The operating margin of Tenneco Clean Air India Limited is 14.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tenneco Clean Air India Limited (TENNIND)?
Revenue at Tenneco Clean Air India Limited is growing +20.1% versus a year earlier (3y avg +4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tenneco Clean Air India Limited (TENNIND)?
Earnings per share at Tenneco Clean Air India Limited are growing −45.9% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Tenneco Clean Air India Limited in the live analysis
One click puts Tenneco Clean Air India Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.
